VANESTO: 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.
VANESTO
Largest movements
- Tangible fixed assets -€341,415
down €341,415 (-48.3%), from €706,229 to €364,814
- Cash +€7,327
up €7,327 (+4550.9%), from €161 to €7,488
mainly Investment in fixed assets (net) (+€332,537) and Net result for the year (+€30,427)
- Other debts -€374,819
down €374,819 (-84.0%), from €446,388 to €71,569
- Profit (loss) carried forward +€30,427
up €30,427 (+32.4%), from €94,005 to €124,432
- Tax, wage and social debts +€13,055
up €13,055 (+62.2%), from €21,000 to €34,055
- Financial income +€62,463
new in 2025: €62,463
of which Financial income: +€62,463
- Other operating charges -€8,597
down €8,597 (-88.7%), from €9,694 to €1,097
- Purchases and services +€7,967
up €7,967 (+138.6%), from €5,747 to €13,714
- Taxes -€7,944
down €7,944 (-37.8%), from €21,000 to €13,056
- Financial charges -€7,228
down €7,228 (-44.6%), from €16,208 to €8,980
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 | €710,454 | €372,302 | -€338,152 | -47.6% |
| Fixed assets | 21/28 | €706,229 | €364,814 | -€341,415 | -48.3% |
| Tangible fixed assets | 22/27 | €706,229 | €364,814 | -€341,415 | -48.3% |
| Land and buildings | 22 | €706,229 | €364,814 | -€341,415 | -48.3% |
| Current assets | 29/58 | €4,225 | €7,488 | +€3,263 | +77.2% |
| Amounts receivable within one year | 40/41 | €4,064 | - | -€4,064 | |
| Trade receivables | 40 | €4,064 | - | -€4,064 | |
| Cash at bank and in hand | 54/58 | €161 | €7,488 | +€7,327 | +4550.9% |
| Total equity and liabilities | 10/49 | €710,454 | €372,302 | -€338,152 | -47.6% |
| Equity | 10/15 | €156,005 | €186,432 | +€30,427 | +19.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €94,005 | €124,432 | +€30,427 | +32.4% |
| Amounts payable | 17/49 | €554,449 | €185,870 | -€368,579 | -66.5% |
| Amounts payable after more than one year | 17 | €80,554 | €76,410 | -€4,144 | -5.1% |
| Financial debts | 170/4 | €80,554 | €76,410 | -€4,144 | -5.1% |
| Amounts payable within one year | 42/48 | €473,895 | €109,460 | -€364,435 | -76.9% |
| Current portion of amounts payable after more than one year | 42 | €3,584 | €3,836 | +€252 | +7.0% |
| Financial debts | 43 | €2,923 | - | -€2,923 | |
| Credit institutions | 430/8 | €2,923 | - | -€2,923 | |
| Taxes, remuneration and social security | 45 | €21,000 | €34,055 | +€13,055 | +62.2% |
| Taxes | 450/3 | €21,000 | €34,055 | +€13,055 | +62.2% |
| Other amounts payable | 47/48 | €446,388 | €71,569 | -€374,819 | -84.0% |
| Turnover | 70 | €7,900 | €13,689 | +€5,789 | +73.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €5,747 | €13,714 | +€7,967 | +138.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,790 | €8,878 | -€3,912 | -30.6% |
| Other operating charges | 640/8 | €9,694 | €1,097 | -€8,597 | -88.7% |
| Non-recurring operating charges | 66A | €45,000 | - | -€45,000 | |
| Gross operating margin | 9900 | €2,153 | -€25 | -€2,178 | |
| Operating profit (loss) | 9901 | -€65,331 | -€10,000 | +€55,331 | +84.7% |
| Financial income | 75/76B | - | €62,463 | +€62,463 | |
| Recurring financial income | 75 | - | €62,463 | +€62,463 | |
| Non-recurring financial income | 76B | - | €62,463 | +€62,463 | |
| Financial charges | 65/66B | €16,208 | €8,980 | -€7,228 | -44.6% |
| Recurring financial charges | 65 | €16,208 | €8,980 | -€7,228 | -44.6% |
| Profit (loss) for the period before taxes | 9903 | -€81,539 | €43,483 | +€125,022 | |
| Transfer from deferred taxes | 780 | €44,825 | - | -€44,825 | |
| Income taxes | 67/77 | €21,000 | €13,056 | -€7,944 | -37.8% |
| Profit (loss) for the period | 9904 | -€57,714 | €30,427 | +€88,141 | |
| Transfer from tax-exempt reserves | 789 | €134,476 | - | -€134,476 | |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €76,762 | €30,427 | -€46,335 | -60.4% |
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 29 September 2026 via checked.be.