VANCY: 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.
VANCY
Largest movements
- Cash +€76,736
up €76,736 (+221.3%), from €34,682 to €111,418
mainly Other debts (+€128,562) and Current investments (+€60,324)
- Current investments -€60,324
down €60,324 (-36.6%), from €165,000 to €104,676
- Tangible fixed assets -€7,114
down €7,114 (-27.1%), from €26,293 to €19,179
- Receivables within one year +€3,876
up €3,876 (+81.5%), from €4,753 to €8,628
of which Trade receivables: +€3,906
- Other debts +€128,562
up €128,562 (+149.6%), from €85,954 to €214,516
- Profit (loss) carried forward -€119,889
down €119,889 (-93.3%), from €128,485 to €8,596
- Revaluation surpluses +€4,507
new in 2025: €4,507
- Financial income -€5,062
down €5,062 (-77.7%), from €6,515 to €1,453
- Gross operating margin +€2,133
up €2,133 (+10.1%), from €21,070 to €23,203
- Taxes -€1,278
down €1,278 (-42.9%), from €2,982 to €1,704
- Other operating charges -€1,119
down €1,119 (-35.1%), from €3,189 to €2,070
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 | €233,952 | €247,108 | +€13,156 | +5.6% |
| Fixed assets | 21/28 | €26,293 | €19,179 | -€7,114 | -27.1% |
| Tangible fixed assets | 22/27 | €26,293 | €19,179 | -€7,114 | -27.1% |
| Furniture and vehicles | 24 | €26,293 | €19,179 | -€7,114 | -27.1% |
| Current assets | 29/58 | €207,659 | €227,930 | +€20,270 | +9.8% |
| Amounts receivable within one year | 40/41 | €4,753 | €8,628 | +€3,876 | +81.5% |
| Trade receivables | 40 | €4,125 | €8,031 | +€3,906 | +94.7% |
| Other amounts receivable | 41 | €628 | €598 | -€30 | -4.7% |
| Current investments | 50/53 | €165,000 | €104,676 | -€60,324 | -36.6% |
| Cash at bank and in hand | 54/58 | €34,682 | €111,418 | +€76,736 | +221.3% |
| Deferred charges and accrued income | 490/1 | €3,225 | €3,207 | -€18 | -0.6% |
| Total equity and liabilities | 10/49 | €233,952 | €247,108 | +€13,156 | +5.6% |
| Equity | 10/15 | €147,485 | €32,103 | -€115,382 | -78.2% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Revaluation surpluses | 12 | - | €4,507 | +€4,507 | |
| Profit (loss) carried forward | 14 | €128,485 | €8,596 | -€119,889 | -93.3% |
| Amounts payable | 17/49 | €86,467 | €215,005 | +€128,538 | +148.7% |
| Amounts payable within one year | 42/48 | €86,467 | €215,005 | +€128,538 | +148.7% |
| Trade debts | 44 | €486 | €221 | -€265 | -54.5% |
| Suppliers | 440/4 | €486 | €221 | -€265 | -54.5% |
| Taxes, remuneration and social security | 45 | €27 | €268 | +€241 | +887.8% |
| Taxes | 450/3 | €27 | €268 | +€241 | +887.8% |
| Other amounts payable | 47/48 | €85,954 | €214,516 | +€128,562 | +149.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,114 | €7,114 | = | 0.0% |
| Other operating charges | 640/8 | €3,189 | €2,070 | -€1,119 | -35.1% |
| Gross operating margin | 9900 | €21,070 | €23,203 | +€2,133 | +10.1% |
| Operating profit (loss) | 9901 | €10,767 | €14,019 | +€3,252 | +30.2% |
| Financial income | 75/76B | €6,515 | €1,453 | -€5,062 | -77.7% |
| Recurring financial income | 75 | €6,515 | €1,453 | -€5,062 | -77.7% |
| Financial charges | 65/66B | €586 | €657 | +€71 | +12.1% |
| Recurring financial charges | 65 | €586 | €657 | +€71 | +12.1% |
| Profit (loss) for the period before taxes | 9903 | €16,696 | €14,815 | -€1,881 | -11.3% |
| Income taxes | 67/77 | €2,982 | €1,704 | -€1,278 | -42.9% |
| Profit (loss) for the period | 9904 | €13,715 | €13,111 | -€603 | -4.4% |
| Profit (loss) for the period to be appropriated | 9905 | €13,715 | €13,111 | -€603 | -4.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.