VANES LIV: 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.
VANES LIV
Largest movements
- Cash +€5,277
up €5,277 (+106%), from €4,970 to €10,247
mainly Trade debts (+€3,716) and Net result for the year (+€2,721)
- Tangible fixed assets -€4,285
down €4,285 (-59.2%), from €7,241 to €2,957
of which Furniture and vehicles: -€3,412
- Receivables within one year +€2,222
up €2,222 (+62.4%), from €3,563 to €5,785
of which Trade receivables: +€2,139
- Deferred charges and accrued income +€725
up €725, from €0 to €725
- Trade debts +€3,716
up €3,716 (+202%), from €1,837 to €5,553
- Profit (loss) carried forward +€2,721
up €2,721 (+416%), from €654 to €3,375
- Tax, wage and social debts -€2,166
down €2,166 (-27.2%), from €7,952 to €5,786
of which Remuneration and social security: -€1,900
- Accrued charges and deferred income -€246
down €246 (-100%), from €246 to €0
- Staff costs -€29,361
down €29,361 (-99.5%), from €29,507 to €145
- Gross operating margin -€14,894
down €14,894 (-54.7%), from €27,211 to €12,317
- Financial charges +€1,751
up €1,751 (+2,683%), from €65 to €1,816
- Other operating charges +€1,012
up €1,012 (+125%), from €813 to €1,824
- Taxes +€949
up €949 (+311%), from €305 to €1,254
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 | €15,774 | €19,713 | +€3,939 | +25.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €7,241 | €2,957 | -€4,285 | -59.2% |
| Tangible fixed assets | 22/27 | €7,241 | €2,957 | -€4,285 | -59.2% |
| Plant, machinery and equipment | 23 | €1,504 | €631 | -€873 | -58.0% |
| Furniture and vehicles | 24 | €5,738 | €2,326 | -€3,412 | -59.5% |
| Current assets | 29/58 | €8,533 | €16,756 | +€8,224 | +96.4% |
| Amounts receivable within one year | 40/41 | €3,563 | €5,785 | +€2,222 | +62.4% |
| Trade receivables | 40 | €2,210 | €4,348 | +€2,139 | +96.8% |
| Other amounts receivable | 41 | €1,353 | €1,436 | +€84 | +6.2% |
| Cash at bank and in hand | 54/58 | €4,970 | €10,247 | +€5,277 | +106% |
| Deferred charges and accrued income | 490/1 | €0 | €725 | +€725 | |
| Total equity and liabilities | 10/49 | €15,774 | €19,713 | +€3,939 | +25.0% |
| Equity | 10/15 | €5,654 | €8,375 | +€2,721 | +48.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €654 | €3,375 | +€2,721 | +416% |
| Amounts payable | 17/49 | €10,120 | €11,338 | +€1,218 | +12.0% |
| Amounts payable within one year | 42/48 | €9,874 | €11,338 | +€1,465 | +14.8% |
| Trade debts | 44 | €1,837 | €5,553 | +€3,716 | +202% |
| Suppliers | 440/4 | €1,837 | €5,553 | +€3,716 | +202% |
| Taxes, remuneration and social security | 45 | €7,952 | €5,786 | -€2,166 | -27.2% |
| Taxes | 450/3 | €5,452 | €5,186 | -€266 | -4.9% |
| Remuneration and social security | 454/9 | €2,500 | €600 | -€1,900 | -76.0% |
| Other amounts payable | 47/48 | €85 | €0 | -€85 | -100% |
| Accrued charges and deferred income | 492/3 | €246 | €0 | -€246 | -100% |
| Remuneration, social security and pensions | 62 | €29,507 | €145 | -€29,361 | -99.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,937 | €2,376 | -€561 | -19.1% |
| Other operating charges | 640/8 | €813 | €1,824 | +€1,012 | +125% |
| Non-recurring operating charges | 66A | - | €2,180 | +€2,180 | |
| Gross operating margin | 9900 | €27,211 | €12,317 | -€14,894 | -54.7% |
| Operating profit (loss) | 9901 | -€6,046 | €5,791 | +€11,837 | |
| Financial income | 75/76B | €0 | €0 | +€0 | +122% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +122% |
| Financial charges | 65/66B | €65 | €1,816 | +€1,751 | +2,683% |
| Recurring financial charges | 65 | €65 | €1,816 | +€1,751 | +2,683% |
| Profit (loss) for the period before taxes | 9903 | -€6,111 | €3,975 | +€10,086 | |
| Income taxes | 67/77 | €305 | €1,254 | +€949 | +311% |
| Profit (loss) for the period | 9904 | -€6,416 | €2,721 | +€9,137 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,416 | €2,721 | +€9,137 |
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 25 October 2026 via checked.be.