VANFORA: 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.
VANFORA
Largest movements
- Cash +€22,925
up €22,925 (+122%), from €18,733 to €41,659
mainly Net result for the year (+€20,727) and Depreciation (+€3,200)
- Tangible fixed assets -€3,200
down €3,200 (-51.5%), from €6,217 to €3,017
of which Furniture and vehicles: -€2,571
- Deferred charges and accrued income -€1,645
down €1,645 (-23.3%), from €7,055 to €5,410
- Profit (loss) carried forward +€10,727
up €10,727 (+294%), from €3,652 to €14,380
- Tax, wage and social debts +€3,151
up €3,151 (+32.4%), from €9,720 to €12,870
of which Taxes: +€3,551
- Trade debts +€2,589
up €2,589 (+109%), from €2,383 to €4,972
- Other debts +€1,737
up €1,737 (+12.0%), from €14,526 to €16,263
- Gross operating margin +€20,559
up €20,559 (+153%), from €13,410 to €33,969
- Turnover +€18,000
up €18,000 (+14.3%), from €126,000 to €144,000
- Purchases and services -€2,767
down €2,767 (-2.4%), from €115,788 to €113,022
- Taxes +€1,858
up €1,858 (+35.9%), from €5,172 to €7,030
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 | €32,281 | €50,486 | +€18,204 | +56.4% |
| Fixed assets | 21/28 | €6,267 | €3,067 | -€3,200 | -51.1% |
| Tangible fixed assets | 22/27 | €6,217 | €3,017 | -€3,200 | -51.5% |
| Furniture and vehicles | 24 | €5,588 | €3,017 | -€2,571 | -46.0% |
| Other tangible fixed assets | 26 | €629 | - | -€629 | |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €26,015 | €47,419 | +€21,404 | +82.3% |
| Amounts receivable within one year | 40/41 | €226 | €350 | +€124 | +54.8% |
| Other amounts receivable | 41 | €226 | €350 | +€124 | +54.8% |
| Cash at bank and in hand | 54/58 | €18,733 | €41,659 | +€22,925 | +122% |
| Deferred charges and accrued income | 490/1 | €7,055 | €5,410 | -€1,645 | -23.3% |
| Total equity and liabilities | 10/49 | €32,281 | €50,486 | +€18,204 | +56.4% |
| Equity | 10/15 | €5,652 | €16,380 | +€10,727 | +190% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Capital | 10 | €2,000 | €2,000 | = | 0.0% |
| Issued capital | 100 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,652 | €14,380 | +€10,727 | +294% |
| Amounts payable | 17/49 | €26,629 | €34,106 | +€7,477 | +28.1% |
| Amounts payable within one year | 42/48 | €26,629 | €34,106 | +€7,477 | +28.1% |
| Trade debts | 44 | €2,383 | €4,972 | +€2,589 | +109% |
| Suppliers | 440/4 | €2,383 | €4,972 | +€2,589 | +109% |
| Taxes, remuneration and social security | 45 | €9,720 | €12,870 | +€3,151 | +32.4% |
| Taxes | 450/3 | €9,220 | €12,770 | +€3,551 | +38.5% |
| Remuneration and social security | 454/9 | €500 | €100 | -€400 | -80.0% |
| Other amounts payable | 47/48 | €14,526 | €16,263 | +€1,737 | +12.0% |
| Turnover | 70 | €126,000 | €144,000 | +€18,000 | +14.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €115,788 | €113,022 | -€2,767 | -2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,326 | €3,200 | -€126 | -3.8% |
| Other operating charges | 640/8 | €3,240 | €3,066 | -€174 | -5.4% |
| Gross operating margin | 9900 | €13,410 | €33,969 | +€20,559 | +153% |
| Operating profit (loss) | 9901 | €6,844 | €27,703 | +€20,859 | +305% |
| Financial income | 75/76B | €15 | €99 | +€84 | +550% |
| Recurring financial income | 75 | €15 | €99 | +€84 | +550% |
| Financial charges | 65/66B | €24 | €45 | +€21 | +88.4% |
| Recurring financial charges | 65 | €24 | €45 | +€21 | +88.4% |
| Profit (loss) for the period before taxes | 9903 | €6,835 | €27,757 | +€20,922 | +306% |
| Income taxes | 67/77 | €5,172 | €7,030 | +€1,858 | +35.9% |
| Profit (loss) for the period | 9904 | €1,663 | €20,727 | +€19,064 | +1,146% |
| Profit (loss) for the period to be appropriated | 9905 | €1,663 | €20,727 | +€19,064 | +1,146% |
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 13 October 2026 via checked.be.