VANERPS: 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.
VANERPS
Largest movements
- Cash -€71,247
down €71,247 (-95.4%), from €74,690 to €3,443
mainly Contributions, distributions and other (-€145,000) and Current portion of long-term debt (-€3,265)
- Tangible fixed assets -€13,769
down €13,769 (-49.5%), from €27,842 to €14,074
of which Furniture and vehicles: -€12,895
- Receivables within one year +€2,682
up €2,682 (+17.8%), from €15,071 to €17,753
of which Other amounts receivable: +€2,448
- Profit (loss) carried forward -€84,603
down €84,603, from €82,403 to -€2,201
- Other debts +€4,750
new in 2025: €4,750
- Current portion of long-term debt -€3,265
no longer reported in 2025 (was €3,265)
- Turnover -€4,990
down €4,990 (-3.3%), from €149,874 to €144,884
- Gross operating margin -€3,135
down €3,135 (-3.3%), from €93,825 to €90,690
- Taxes -€1,815
down €1,815 (-10.3%), from €17,564 to €15,749
- Purchases and services -€1,623
down €1,623 (-2.5%), from €64,747 to €63,124
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 | €117,604 | €35,270 | -€82,334 | -70.0% |
| Fixed assets | 21/28 | €27,842 | €14,074 | -€13,769 | -49.5% |
| Tangible fixed assets | 22/27 | €27,842 | €14,074 | -€13,769 | -49.5% |
| Plant, machinery and equipment | 23 | €873 | - | -€873 | |
| Furniture and vehicles | 24 | €26,969 | €14,074 | -€12,895 | -47.8% |
| Current assets | 29/58 | €89,762 | €21,196 | -€68,565 | -76.4% |
| Amounts receivable within one year | 40/41 | €15,071 | €17,753 | +€2,682 | +17.8% |
| Trade receivables | 40 | €15,000 | €15,234 | +€234 | +1.6% |
| Other amounts receivable | 41 | €71 | €2,520 | +€2,448 | +3429.2% |
| Cash at bank and in hand | 54/58 | €74,690 | €3,443 | -€71,247 | -95.4% |
| Total equity and liabilities | 10/49 | €117,604 | €35,270 | -€82,334 | -70.0% |
| Equity | 10/15 | €103,959 | €19,356 | -€84,603 | -81.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Contributions outside capital | 11 | - | €18,550 | +€18,550 | |
| Other | 1109/19 | - | €18,550 | +€18,550 | |
| Reserves | 13 | €3,007 | €3,007 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,007 | €3,007 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,007 | €3,007 | = | 0.0% |
| Profit (loss) carried forward | 14 | €82,403 | -€2,201 | -€84,603 | |
| Amounts payable | 17/49 | €13,645 | €15,914 | +€2,269 | +16.6% |
| Amounts payable within one year | 42/48 | €13,645 | €15,914 | +€2,269 | +16.6% |
| Current portion of amounts payable after more than one year | 42 | €3,265 | - | -€3,265 | |
| Trade debts | 44 | €244 | €91 | -€153 | -62.7% |
| Suppliers | 440/4 | €244 | €91 | -€153 | -62.7% |
| Taxes, remuneration and social security | 45 | €10,136 | €11,073 | +€937 | +9.2% |
| Taxes | 450/3 | €10,136 | €8,440 | -€1,695 | -16.7% |
| Remuneration and social security | 454/9 | - | €2,632 | +€2,632 | |
| Other amounts payable | 47/48 | - | €4,750 | +€4,750 | |
| Turnover | 70 | €149,874 | €144,884 | -€4,990 | -3.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €64,747 | €63,124 | -€1,623 | -2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,078 | €13,769 | -€309 | -2.2% |
| Other operating charges | 640/8 | €1,239 | €839 | -€400 | -32.3% |
| Gross operating margin | 9900 | €93,825 | €90,690 | -€3,135 | -3.3% |
| Operating profit (loss) | 9901 | €78,509 | €76,083 | -€2,426 | -3.1% |
| Financial income | 75/76B | - | €100 | +€100 | |
| Recurring financial income | 75 | - | €100 | +€100 | |
| Financial charges | 65/66B | €40 | €37 | -€3 | -6.9% |
| Recurring financial charges | 65 | €40 | €37 | -€3 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | €78,469 | €76,146 | -€2,323 | -3.0% |
| Income taxes | 67/77 | €17,564 | €15,749 | -€1,815 | -10.3% |
| Profit (loss) for the period | 9904 | €60,905 | €60,397 | -€509 | -0.8% |
| Profit (loss) for the period to be appropriated | 9905 | €60,905 | €60,397 | -€509 | -0.8% |
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 10 October 2026 via checked.be.