Vancovar: what changed
Two financial 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.
Vancovar
Largest movements
- Current investments +€390,000
up €390,000 (+38.6%), from €1.0m to €1.4m
- Receivables within one year -€91,039
down €91,039 (-31.1%), from €292,439 to €201,400
- Cash +€45,610
up €45,610 (+343%), from €13,293 to €58,902
mainly Net result for the year (+€466,922) and Receivables within one year (+€91,039)
- Reserves +€466,922
up €466,922 (+48.0%), from €972,863 to €1.4m
- Tax, wage and social debts -€121,684
down €121,684 (-36.4%), from €334,113 to €212,429
- Gross operating margin -€643,445
down €643,445 (-49.9%), from €1.3m to €645,989
- Taxes -€106,391
down €106,391 (-33.5%), from €317,621 to €211,230
- Financial income +€31,217
up €31,217 (+1,999%), from €1,562 to €32,779
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.
Derived cash bridge
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 | €1,315,732 | €1,660,302 | +€344,570 | +26.2% |
| Current assets | 29/58 | €1,315,732 | €1,660,302 | +€344,570 | +26.2% |
| Amounts receivable within one year | 40/41 | €292,439 | €201,400 | -€91,039 | -31.1% |
| Trade receivables | 40 | €292,439 | €201,400 | -€91,039 | -31.1% |
| Current investments | 50/53 | €1,010,000 | €1,400,000 | +€390,000 | +38.6% |
| Cash at bank and in hand | 54/58 | €13,293 | €58,902 | +€45,610 | +343% |
| Total equity and liabilities | 10/49 | €1,315,732 | €1,660,302 | +€344,570 | +26.2% |
| Equity | 10/15 | €977,863 | €1,444,785 | +€466,922 | +47.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €972,863 | €1,439,785 | +€466,922 | +48.0% |
| Distributable reserves | 133 | €972,863 | €1,439,785 | +€466,922 | +48.0% |
| Amounts payable | 17/49 | €337,869 | €215,517 | -€122,352 | -36.2% |
| Amounts payable within one year | 42/48 | €336,541 | €214,081 | -€122,460 | -36.4% |
| Trade debts | 44 | €776 | €0 | -€776 | -100% |
| Suppliers | 440/4 | €776 | €0 | -€776 | -100% |
| Taxes, remuneration and social security | 45 | €334,113 | €212,429 | -€121,684 | -36.4% |
| Taxes | 450/3 | €334,113 | €212,429 | -€121,684 | -36.4% |
| Other amounts payable | 47/48 | €1,652 | €1,652 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,328 | €1,436 | +€108 | +8.2% |
| Other operating charges | 640/8 | €384 | €513 | +€129 | +33.5% |
| Gross operating margin | 9900 | €1,289,434 | €645,989 | -€643,445 | -49.9% |
| Operating profit (loss) | 9901 | €1,289,050 | €645,476 | -€643,574 | -49.9% |
| Financial income | 75/76B | €1,562 | €32,779 | +€31,217 | +1,999% |
| Recurring financial income | 75 | €1,562 | €32,779 | +€31,217 | +1,999% |
| Financial charges | 65/66B | €128 | €102 | -€26 | -20.2% |
| Recurring financial charges | 65 | €128 | €102 | -€26 | -20.2% |
| Profit (loss) for the period before taxes | 9903 | €1,290,484 | €678,152 | -€612,331 | -47.4% |
| Income taxes | 67/77 | €317,621 | €211,230 | -€106,391 | -33.5% |
| Profit (loss) for the period | 9904 | €972,863 | €466,922 | -€505,941 | -52.0% |
| Profit (loss) for the period to be appropriated | 9905 | €972,863 | €466,922 | -€505,941 | -52.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.