VANBOT: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
VANBOT
Largest movements
- Cash +€31,870
up €31,870 (+556.1%), from €5,731 to €37,601
mainly Debts after one year (+€82,361) and Trade debts (+€23,334)
- Tangible fixed assets +€19,626
up €19,626 (+30.0%), from €65,472 to €85,098
of which Land and buildings: +€36,483
- Intangible fixed assets +€19,548
up €19,548 (+912.7%), from €2,142 to €21,690
- Receivables within one year +€18,259
up €18,259 (+121.5%), from €15,025 to €33,284
of which Trade receivables: +€25,119
- Stocks and contracts -€6,428
down €6,428 (-8.3%), from €77,511 to €71,083
- Debts after one year +€82,361
up €82,361 (+101.6%), from €81,101 to €163,462
of which Other amounts payable: +€42,014
- Reserves -€24,296
down €24,296 (-33.3%), from €72,969 to €48,673
- Trade debts +€23,334
up €23,334 (+912.4%), from €2,558 to €25,891
- Current portion of long-term debt +€8,044
new in 2025: €8,044
- Tax, wage and social debts -€2,748
down €2,748 (-42.5%), from €6,468 to €3,720
- Staff costs +€12,865
up €12,865 (+52.6%), from €24,478 to €37,343
- Gross operating margin -€10,528
down €10,528 (-21.1%), from €49,799 to €39,270
- Depreciation +€1,279
up €1,279 (+6.2%), from €20,764 to €22,043
- Financial charges +€1,122
up €1,122 (+150.9%), from €744 to €1,866
- Taxes -€560
down €560 (-53.3%), from €1,050 to €491
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €173,095 | €259,790 | +€86,695 | +50.1% |
| Fixed assets | 21/28 | €70,014 | €109,188 | +€39,174 | +56.0% |
| Intangible fixed assets | 21 | €2,142 | €21,690 | +€19,548 | +912.7% |
| Tangible fixed assets | 22/27 | €65,472 | €85,098 | +€19,626 | +30.0% |
| Land and buildings | 22 | €25,878 | €62,361 | +€36,483 | +141.0% |
| Plant, machinery and equipment | 23 | €22,700 | €12,577 | -€10,123 | -44.6% |
| Furniture and vehicles | 24 | €16,894 | €10,159 | -€6,735 | -39.9% |
| Financial fixed assets | 28 | €2,400 | €2,400 | = | 0.0% |
| Current assets | 29/58 | €103,082 | €150,602 | +€47,521 | +46.1% |
| Stocks and contracts in progress | 3 | €77,511 | €71,083 | -€6,428 | -8.3% |
| Stocks | 30/36 | €77,511 | €71,083 | -€6,428 | -8.3% |
| Amounts receivable within one year | 40/41 | €15,025 | €33,284 | +€18,259 | +121.5% |
| Trade receivables | 40 | €8,165 | €33,284 | +€25,119 | +307.6% |
| Other amounts receivable | 41 | €6,860 | - | -€6,860 | |
| Cash at bank and in hand | 54/58 | €5,731 | €37,601 | +€31,870 | +556.1% |
| Deferred charges and accrued income | 490/1 | €4,814 | €8,635 | +€3,820 | +79.4% |
| Total equity and liabilities | 10/49 | €173,095 | €259,790 | +€86,695 | +50.1% |
| Equity | 10/15 | €82,969 | €58,673 | -€24,296 | -29.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €72,969 | €48,673 | -€24,296 | -33.3% |
| Distributable reserves | 133 | €72,969 | €48,673 | -€24,296 | -33.3% |
| Amounts payable | 17/49 | €90,126 | €201,117 | +€110,991 | +123.2% |
| Amounts payable after more than one year | 17 | €81,101 | €163,462 | +€82,361 | +101.6% |
| Financial debts | 170/4 | - | €40,347 | +€40,347 | |
| Other amounts payable | 178/9 | €81,101 | €123,115 | +€42,014 | +51.8% |
| Amounts payable within one year | 42/48 | €9,025 | €37,655 | +€28,630 | +317.2% |
| Current portion of amounts payable after more than one year | 42 | - | €8,044 | +€8,044 | |
| Trade debts | 44 | €2,558 | €25,891 | +€23,334 | +912.4% |
| Suppliers | 440/4 | €2,558 | €25,891 | +€23,334 | +912.4% |
| Taxes, remuneration and social security | 45 | €6,468 | €3,720 | -€2,748 | -42.5% |
| Taxes | 450/3 | €6,468 | €3,720 | -€2,748 | -42.5% |
| Remuneration, social security and pensions | 62 | €24,478 | €37,343 | +€12,865 | +52.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,764 | €22,043 | +€1,279 | +6.2% |
| Other operating charges | 640/8 | €2,145 | €1,824 | -€321 | -14.9% |
| Gross operating margin | 9900 | €49,799 | €39,270 | -€10,528 | -21.1% |
| Operating profit (loss) | 9901 | €2,412 | -€21,939 | -€24,351 | |
| Financial income | 75/76B | €4 | - | -€4 | |
| Recurring financial income | 75 | €4 | - | -€4 | |
| Financial charges | 65/66B | €744 | €1,866 | +€1,122 | +150.9% |
| Recurring financial charges | 65 | €744 | €1,866 | +€1,122 | +150.9% |
| Profit (loss) for the period before taxes | 9903 | €1,672 | -€23,805 | -€25,477 | |
| Income taxes | 67/77 | €1,050 | €491 | -€560 | -53.3% |
| Profit (loss) for the period | 9904 | €622 | -€24,296 | -€24,918 | |
| Profit (loss) for the period to be appropriated | 9905 | €622 | -€24,296 | -€24,918 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.