VANE: 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.
VANE
Largest movements
- Receivables within one year -€25,506
no longer reported in 2025 (was €25,506)
of which Other amounts receivable: -€17,946
- Cash -€22,423
down €22,423 (-35.0%), from €64,150 to €41,727
mainly Net result for the year (-€25,495) and Other debts (-€14,380)
- Financial fixed assets +€2,850
new in 2025: €2,850
- Tangible fixed assets -€2,099
down €2,099 (-35.1%), from €5,975 to €3,875
- Reserves -€25,495
down €25,495 (-54.2%), from €47,038 to €21,542
- Other debts -€14,380
down €14,380 (-64.1%), from €22,423 to €8,043
- Trade debts -€11,607
down €11,607 (-57.7%), from €20,130 to €8,523
- Tax, wage and social debts +€5,308
up €5,308 (+272.2%), from €1,950 to €7,258
- Gross operating margin -€86,042
down €86,042, from €62,734 to -€23,308
- Taxes -€12,445
down €12,445 (-97.9%), from €12,706 to €260
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 | €110,141 | €63,966 | -€46,174 | -41.9% |
| Fixed assets | 21/28 | €5,975 | €6,725 | +€751 | +12.6% |
| Tangible fixed assets | 22/27 | €5,975 | €3,875 | -€2,099 | -35.1% |
| Furniture and vehicles | 24 | €5,975 | €3,875 | -€2,099 | -35.1% |
| Financial fixed assets | 28 | - | €2,850 | +€2,850 | |
| Current assets | 29/58 | €104,166 | €57,241 | -€46,925 | -45.0% |
| Amounts receivable within one year | 40/41 | €25,506 | - | -€25,506 | |
| Trade receivables | 40 | €7,560 | - | -€7,560 | |
| Other amounts receivable | 41 | €17,946 | - | -€17,946 | |
| Cash at bank and in hand | 54/58 | €64,150 | €41,727 | -€22,423 | -35.0% |
| Deferred charges and accrued income | 490/1 | €14,510 | €15,514 | +€1,004 | +6.9% |
| Total equity and liabilities | 10/49 | €110,141 | €63,966 | -€46,174 | -41.9% |
| Equity | 10/15 | €65,638 | €40,142 | -€25,495 | -38.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €47,038 | €21,542 | -€25,495 | -54.2% |
| Distributable reserves | 133 | €47,038 | €21,542 | -€25,495 | -54.2% |
| Amounts payable | 17/49 | €44,503 | €23,824 | -€20,679 | -46.5% |
| Amounts payable within one year | 42/48 | €44,503 | €23,824 | -€20,679 | -46.5% |
| Trade debts | 44 | €20,130 | €8,523 | -€11,607 | -57.7% |
| Suppliers | 440/4 | €20,130 | €8,523 | -€11,607 | -57.7% |
| Taxes, remuneration and social security | 45 | €1,950 | €7,258 | +€5,308 | +272.2% |
| Taxes | 450/3 | €1,950 | €7,258 | +€5,308 | +272.2% |
| Other amounts payable | 47/48 | €22,423 | €8,043 | -€14,380 | -64.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,442 | €2,099 | -€342 | -14.0% |
| Other operating charges | 640/8 | €451 | - | -€451 | |
| Gross operating margin | 9900 | €62,734 | -€23,308 | -€86,042 | |
| Operating profit (loss) | 9901 | €59,841 | -€25,407 | -€85,249 | |
| Financial income | 75/76B | - | €250 | +€250 | |
| Recurring financial income | 75 | - | €250 | +€250 | |
| Non-recurring financial income | 76B | - | €250 | +€250 | |
| Financial charges | 65/66B | €98 | €77 | -€21 | -21.1% |
| Recurring financial charges | 65 | €98 | €77 | -€21 | -21.1% |
| Profit (loss) for the period before taxes | 9903 | €59,743 | -€25,235 | -€84,978 | |
| Income taxes | 67/77 | €12,706 | €260 | -€12,445 | -97.9% |
| Profit (loss) for the period | 9904 | €47,038 | -€25,495 | -€72,533 | |
| Profit (loss) for the period to be appropriated | 9905 | €47,038 | -€25,495 | -€72,533 |
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 9 October 2026 via checked.be.