VANCAJA: 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.
VANCAJA
Largest movements
- Receivables within one year +€117,877
up €117,877 (+1226.1%), from €9,614 to €127,491
of which Trade receivables: +€118,250
- Cash -€97,269
down €97,269 (-98.4%), from €98,835 to €1,565
mainly Receivables within one year (-€117,877) and Investment in fixed assets (net) (-€95,934)
- Tangible fixed assets +€79,484
up €79,484 (+262.1%), from €30,326 to €109,811
of which Other tangible fixed assets: +€87,154
- Reserves +€60,000
up €60,000 (+57.7%), from €104,000 to €164,000
- Trade debts +€36,885
up €36,885 (+804.8%), from €4,583 to €41,469
- Other debts +€13,257
up €13,257 (+468.7%), from €2,829 to €16,086
- Tax, wage and social debts -€11,191
down €11,191 (-48.5%), from €23,088 to €11,897
of which Remuneration and social security: -€8,000
- Gross operating margin -€11,756
down €11,756 (-11.3%), from €103,943 to €92,187
- Taxes -€5,389
down €5,389 (-28.0%), from €19,277 to €13,888
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 | €140,018 | €239,724 | +€99,707 | +71.2% |
| Fixed assets | 21/28 | €30,426 | €109,911 | +€79,484 | +261.2% |
| Tangible fixed assets | 22/27 | €30,326 | €109,811 | +€79,484 | +262.1% |
| Furniture and vehicles | 24 | €21,602 | €13,933 | -€7,669 | -35.5% |
| Other tangible fixed assets | 26 | €8,724 | €95,877 | +€87,154 | +999.1% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €109,592 | €129,814 | +€20,222 | +18.5% |
| Amounts receivable within one year | 40/41 | €9,614 | €127,491 | +€117,877 | +1226.1% |
| Trade receivables | 40 | - | €118,250 | +€118,250 | |
| Other amounts receivable | 41 | €9,614 | €9,241 | -€373 | -3.9% |
| Cash at bank and in hand | 54/58 | €98,835 | €1,565 | -€97,269 | -98.4% |
| Deferred charges and accrued income | 490/1 | €1,143 | €758 | -€385 | -33.7% |
| Total equity and liabilities | 10/49 | €140,018 | €239,724 | +€99,707 | +71.2% |
| Equity | 10/15 | €109,518 | €169,826 | +€60,308 | +55.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €104,000 | €164,000 | +€60,000 | +57.7% |
| Distributable reserves | 133 | €104,000 | €164,000 | +€60,000 | +57.7% |
| Profit (loss) carried forward | 14 | €518 | €826 | +€308 | +59.5% |
| Amounts payable | 17/49 | €30,500 | €69,899 | +€39,399 | +129.2% |
| Amounts payable within one year | 42/48 | €30,500 | €69,452 | +€38,952 | +127.7% |
| Trade debts | 44 | €4,583 | €41,469 | +€36,885 | +804.8% |
| Suppliers | 440/4 | €4,583 | €41,469 | +€36,885 | +804.8% |
| Taxes, remuneration and social security | 45 | €23,088 | €11,897 | -€11,191 | -48.5% |
| Taxes | 450/3 | €12,738 | €9,547 | -€3,191 | -25.0% |
| Remuneration and social security | 454/9 | €10,350 | €2,350 | -€8,000 | -77.3% |
| Other amounts payable | 47/48 | €2,829 | €16,086 | +€13,257 | +468.7% |
| Accrued charges and deferred income | 492/3 | - | €447 | +€447 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,218 | €16,450 | +€231 | +1.4% |
| Other operating charges | 640/8 | €408 | €1,297 | +€888 | +217.5% |
| Gross operating margin | 9900 | €103,943 | €92,187 | -€11,756 | -11.3% |
| Operating profit (loss) | 9901 | €87,316 | €74,441 | -€12,876 | -14.7% |
| Financial income | 75/76B | €0 | €229 | +€229 | +2292500.0% |
| Recurring financial income | 75 | €0 | €229 | +€229 | +2292500.0% |
| Financial charges | 65/66B | €47 | €474 | +€427 | +918.8% |
| Recurring financial charges | 65 | €47 | €474 | +€427 | +918.8% |
| Profit (loss) for the period before taxes | 9903 | €87,270 | €74,196 | -€13,074 | -15.0% |
| Income taxes | 67/77 | €19,277 | €13,888 | -€5,389 | -28.0% |
| Profit (loss) for the period | 9904 | €67,993 | €60,308 | -€7,685 | -11.3% |
| Profit (loss) for the period to be appropriated | 9905 | €67,993 | €60,308 | -€7,685 | -11.3% |
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 8 October 2026 via checked.be.