VANHA: 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.
VANHA
Largest movements
- Receivables within one year -€25,217
down €25,217 (-72.0%), from €35,029 to €9,812
- Tangible fixed assets +€11,940
up €11,940 (+6.0%), from €198,256 to €210,196
of which Furniture and vehicles: +€7,675
- Cash -€4,693
down €4,693 (-3.2%), from €145,298 to €140,605
mainly Investment in fixed assets (net) (-€42,042) and Contributions, distributions and other (-€22,443)
- Reserves -€22,734
down €22,734 (-8.1%), from €281,789 to €259,055
of which Distributable reserves: -€22,734
- Accrued charges and deferred income +€7,079
up €7,079 (+691.1%), from €1,024 to €8,103
- Trade debts -€5,990
down €5,990 (-38.0%), from €15,769 to €9,780
- Gross operating margin +€11,914
up €11,914 (+44.0%), from €27,083 to €38,997
- Depreciation +€2,696
up €2,696 (+9.8%), from €27,405 to €30,101
- Financial income -€817
down €817 (-42.0%), from €1,946 to €1,130
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 | €381,973 | €362,552 | -€19,420 | -5.1% |
| Fixed assets | 21/28 | €198,256 | €210,196 | +€11,940 | +6.0% |
| Tangible fixed assets | 22/27 | €198,256 | €210,196 | +€11,940 | +6.0% |
| Land and buildings | 22 | €198,256 | €202,521 | +€4,265 | +2.2% |
| Furniture and vehicles | 24 | €0 | €7,675 | +€7,675 | |
| Current assets | 29/58 | €183,717 | €152,356 | -€31,361 | -17.1% |
| Amounts receivable within one year | 40/41 | €35,029 | €9,812 | -€25,217 | -72.0% |
| Other amounts receivable | 41 | €35,029 | €9,812 | -€25,217 | -72.0% |
| Cash at bank and in hand | 54/58 | €145,298 | €140,605 | -€4,693 | -3.2% |
| Deferred charges and accrued income | 490/1 | €3,390 | €1,939 | -€1,451 | -42.8% |
| Total equity and liabilities | 10/49 | €381,973 | €362,552 | -€19,420 | -5.1% |
| Equity | 10/15 | €356,157 | €333,423 | -€22,734 | -6.4% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | €74,368 | = | 0.0% |
| Issued capital | 100 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €281,789 | €259,055 | -€22,734 | -8.1% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Legal reserve | 130 | €7,437 | €7,437 | = | 0.0% |
| Distributable reserves | 133 | €274,352 | €251,618 | -€22,734 | -8.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €25,816 | €29,130 | +€3,314 | +12.8% |
| Amounts payable after more than one year | 17 | €172 | €0 | -€172 | -100.0% |
| Other amounts payable | 178/9 | €172 | €0 | -€172 | -100.0% |
| Amounts payable within one year | 42/48 | €24,619 | €21,027 | -€3,593 | -14.6% |
| Trade debts | 44 | €15,769 | €9,780 | -€5,990 | -38.0% |
| Suppliers | 440/4 | €15,769 | €9,780 | -€5,990 | -38.0% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €8,850 | €11,247 | +€2,397 | +27.1% |
| Accrued charges and deferred income | 492/3 | €1,024 | €8,103 | +€7,079 | +691.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,405 | €30,101 | +€2,696 | +9.8% |
| Other operating charges | 640/8 | €9,952 | €9,983 | +€31 | +0.3% |
| Gross operating margin | 9900 | €27,083 | €38,997 | +€11,914 | +44.0% |
| Operating profit (loss) | 9901 | -€10,274 | -€1,087 | +€9,187 | +89.4% |
| Financial income | 75/76B | €1,946 | €1,130 | -€817 | -42.0% |
| Recurring financial income | 75 | €1,946 | €1,130 | -€817 | -42.0% |
| Financial charges | 65/66B | €321 | €335 | +€14 | +4.2% |
| Recurring financial charges | 65 | €321 | €335 | +€14 | +4.2% |
| Profit (loss) for the period before taxes | 9903 | -€8,649 | -€291 | +€8,357 | +96.6% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€8,649 | -€291 | +€8,357 | +96.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,649 | -€291 | +€8,357 | +96.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.