VANCANIM: 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.
VANCANIM
Largest movements
- Cash +€107,424
up €107,424 (+590.0%), from €18,207 to €125,631
mainly Debts after one year (+€262,298) and Depreciation (+€94,096)
- Tangible fixed assets +€65,031
up €65,031 (+2.4%), from €2.7m to €2.7m
of which Plant, machinery and equipment: +€78,949
- Receivables within one year +€55,926
up €55,926 (+87.3%), from €64,075 to €120,000
- Debts after one year +€262,298
up €262,298 (+15.9%), from €1.6m to €1.9m
of which Other amounts payable: +€351,063
- Depreciation -€190,121
down €190,121 (-66.9%), from €284,217 to €94,096
- Gross operating margin +€145,212
up €145,212 (+424.9%), from €34,178 to €179,389
- Other operating charges -€35,851
down €35,851 (-43.4%), from €82,629 to €46,778
- Financial charges +€31,121
up €31,121 (+58.1%), from €53,580 to €84,700
- Financial income -€2,574
no longer reported in 2025 (was €2,574)
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 | €2,747,342 | €2,973,773 | +€226,431 | +8.2% |
| Fixed assets | 21/28 | €2,663,111 | €2,728,142 | +€65,031 | +2.4% |
| Tangible fixed assets | 22/27 | €2,663,111 | €2,728,142 | +€65,031 | +2.4% |
| Land and buildings | 22 | €2,663,111 | €2,649,193 | -€13,918 | -0.5% |
| Plant, machinery and equipment | 23 | - | €78,949 | +€78,949 | |
| Current assets | 29/58 | €84,231 | €245,631 | +€161,400 | +191.6% |
| Amounts receivable within one year | 40/41 | €64,075 | €120,000 | +€55,926 | +87.3% |
| Other amounts receivable | 41 | €64,075 | €120,000 | +€55,926 | +87.3% |
| Cash at bank and in hand | 54/58 | €18,207 | €125,631 | +€107,424 | +590.0% |
| Deferred charges and accrued income | 490/1 | €1,949 | - | -€1,949 | |
| Total equity and liabilities | 10/49 | €2,747,342 | €2,973,773 | +€226,431 | +8.2% |
| Equity | 10/15 | €985,652 | €939,461 | -€46,191 | -4.7% |
| Contributions | 10/11 | €459,425 | €459,425 | = | 0.0% |
| Capital | 10 | €457,364 | €457,364 | = | 0.0% |
| Issued capital | 100 | €457,364 | €457,364 | = | 0.0% |
| Outside capital | 11 | €2,061 | €2,061 | = | 0.0% |
| Share premium | 1100/10 | €2,061 | €2,061 | = | 0.0% |
| Reserves | 13 | €495,736 | €475,736 | -€20,000 | -4.0% |
| Non-distributable reserves | 130/1 | €45,736 | €45,736 | = | 0.0% |
| Legal reserve | 130 | €45,736 | €45,736 | = | 0.0% |
| Distributable reserves | 133 | €450,000 | €430,000 | -€20,000 | -4.4% |
| Profit (loss) carried forward | 14 | €30,491 | €4,300 | -€26,191 | -85.9% |
| Amounts payable | 17/49 | €1,761,690 | €2,034,311 | +€272,622 | +15.5% |
| Amounts payable after more than one year | 17 | €1,648,443 | €1,910,740 | +€262,298 | +15.9% |
| Financial debts | 170/4 | €893,316 | €804,550 | -€88,766 | -9.9% |
| Other amounts payable | 178/9 | €755,126 | €1,106,190 | +€351,063 | +46.5% |
| Amounts payable within one year | 42/48 | €113,247 | €123,571 | +€10,324 | +9.1% |
| Current portion of amounts payable after more than one year | 42 | €85,702 | €88,766 | +€3,064 | +3.6% |
| Trade debts | 44 | €25,754 | €34,805 | +€9,051 | +35.1% |
| Suppliers | 440/4 | €25,754 | €34,805 | +€9,051 | +35.1% |
| Taxes, remuneration and social security | 45 | €1,792 | - | -€1,792 | |
| Taxes | 450/3 | €1,792 | - | -€1,792 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €284,217 | €94,096 | -€190,121 | -66.9% |
| Other operating charges | 640/8 | €82,629 | €46,778 | -€35,851 | -43.4% |
| Gross operating margin | 9900 | €34,178 | €179,389 | +€145,212 | +424.9% |
| Operating profit (loss) | 9901 | -€332,668 | €38,516 | +€371,184 | |
| Financial income | 75/76B | €2,574 | - | -€2,574 | |
| Recurring financial income | 75 | €2,574 | - | -€2,574 | |
| Financial charges | 65/66B | €53,580 | €84,700 | +€31,121 | +58.1% |
| Recurring financial charges | 65 | €53,580 | €84,700 | +€31,121 | +58.1% |
| Profit (loss) for the period before taxes | 9903 | -€383,674 | -€46,185 | +€337,489 | +88.0% |
| Income taxes | 67/77 | - | €6 | +€6 | |
| Profit (loss) for the period | 9904 | -€383,674 | -€46,191 | +€337,483 | +88.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€383,674 | -€46,191 | +€337,483 | +88.0% |
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 30 September 2026 via checked.be.