VANEPI: 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.
VANEPI
Largest movements
- Cash +€9,439
up €9,439 (+129.1%), from €7,309 to €16,748
mainly Net result for the year (+€7,247) and Tax, wage and social debts (+€1,840)
- Receivables within one year -€214
down €214 (-36.9%), from €580 to €366
- Profit (loss) carried forward +€7,247
up €7,247 (+52.1%), from -€13,907 to -€6,660
- Tax, wage and social debts +€1,840
up €1,840 (+274.2%), from €671 to €2,511
- Trade debts +€909
up €909 (+47.7%), from €1,907 to €2,816
- Other debts -€760
down €760 (-6.7%), from €11,363 to €10,603
- Gross operating margin +€12,261
up €12,261, from -€3,346 to €8,915
- Depreciation -€395
down €395 (-83.2%), from €475 to €80
- Other operating charges +€155
up €155 (+14.8%), from €1,049 to €1,204
- Financial charges -€106
down €106 (-44.7%), from €237 to €131
- Taxes +€97
up €97 (+62.2%), from €156 to €253
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 | €8,094 | €17,330 | +€9,236 | +114.1% |
| Fixed assets | 21/28 | €80 | - | -€80 | |
| Tangible fixed assets | 22/27 | €80 | - | -€80 | |
| Furniture and vehicles | 24 | €80 | - | -€80 | |
| Current assets | 29/58 | €8,014 | €17,330 | +€9,316 | +116.2% |
| Amounts receivable within one year | 40/41 | €580 | €366 | -€214 | -36.9% |
| Other amounts receivable | 41 | €580 | €366 | -€214 | -36.9% |
| Cash at bank and in hand | 54/58 | €7,309 | €16,748 | +€9,439 | +129.1% |
| Deferred charges and accrued income | 490/1 | €125 | €216 | +€91 | +72.8% |
| Total equity and liabilities | 10/49 | €8,094 | €17,330 | +€9,236 | +114.1% |
| Equity | 10/15 | -€5,847 | €1,400 | +€7,247 | |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,907 | -€6,660 | +€7,247 | +52.1% |
| Amounts payable | 17/49 | €13,941 | €15,930 | +€1,989 | +14.3% |
| Amounts payable within one year | 42/48 | €13,941 | €15,930 | +€1,989 | +14.3% |
| Trade debts | 44 | €1,907 | €2,816 | +€909 | +47.7% |
| Suppliers | 440/4 | €1,907 | €2,816 | +€909 | +47.7% |
| Taxes, remuneration and social security | 45 | €671 | €2,511 | +€1,840 | +274.2% |
| Taxes | 450/3 | €671 | €2,511 | +€1,840 | +274.2% |
| Other amounts payable | 47/48 | €11,363 | €10,603 | -€760 | -6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €475 | €80 | -€395 | -83.2% |
| Other operating charges | 640/8 | €1,049 | €1,204 | +€155 | +14.8% |
| Gross operating margin | 9900 | -€3,346 | €8,915 | +€12,261 | |
| Operating profit (loss) | 9901 | -€4,870 | €7,631 | +€12,501 | |
| Financial charges | 65/66B | €237 | €131 | -€106 | -44.7% |
| Recurring financial charges | 65 | €237 | €131 | -€106 | -44.7% |
| Profit (loss) for the period before taxes | 9903 | -€5,107 | €7,500 | +€12,607 | |
| Income taxes | 67/77 | €156 | €253 | +€97 | +62.2% |
| Profit (loss) for the period | 9904 | -€5,263 | €7,247 | +€12,510 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,263 | €7,247 | +€12,510 |
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 4 October 2026 via checked.be.