VANHAWIMO: 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.
VANHAWIMO
Largest movements
- Stocks and contracts +€14,513
up €14,513 (+3.8%), from €386,891 to €401,404
- Cash +€6,692
up €6,692 (+67.7%), from €9,880 to €16,571
mainly Net result for the year (+€15,073) and Trade debts (+€8,025)
- Financial fixed assets -€4,500
no longer reported in 2025 (was €4,500)
- Reserves +€14,240
up €14,240 (+26.1%), from €54,499 to €68,738
- Trade debts +€8,025
up €8,025 (+615.4%), from €1,304 to €9,329
- Other debts -€6,243
down €6,243 (-2.0%), from €318,488 to €312,245
- Tax, wage and social debts +€4,705
up €4,705 (+24.3%), from €19,332 to €24,037
of which Taxes: +€4,705
- Financial charges -€13,738
down €13,738 (-99.2%), from €13,851 to €113
- Gross operating margin -€7,400
down €7,400 (-21.6%), from €34,203 to €26,804
- Taxes +€2,296
up €2,296 (+40.6%), from €5,655 to €7,951
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 | €406,022 | €426,750 | +€20,728 | +5.1% |
| Fixed assets | 21/28 | €6,833 | €2,907 | -€3,926 | -57.5% |
| Tangible fixed assets | 22/27 | €2,333 | €2,907 | +€574 | +24.6% |
| Land and buildings | 22 | €697 | €414 | -€283 | -40.6% |
| Plant, machinery and equipment | 23 | €1,636 | €2,493 | +€857 | +52.4% |
| Financial fixed assets | 28 | €4,500 | - | -€4,500 | |
| Current assets | 29/58 | €399,189 | €423,844 | +€24,654 | +6.2% |
| Stocks and contracts in progress | 3 | €386,891 | €401,404 | +€14,513 | +3.8% |
| Stocks | 30/36 | €386,891 | €401,404 | +€14,513 | +3.8% |
| Amounts receivable within one year | 40/41 | €2,419 | €5,868 | +€3,449 | +142.6% |
| Trade receivables | 40 | €2,419 | €5,868 | +€3,449 | +142.6% |
| Cash at bank and in hand | 54/58 | €9,880 | €16,571 | +€6,692 | +67.7% |
| Total equity and liabilities | 10/49 | €406,022 | €426,750 | +€20,728 | +5.1% |
| Equity | 10/15 | €66,899 | €81,138 | +€14,240 | +21.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €54,499 | €68,738 | +€14,240 | +26.1% |
| Distributable reserves | 133 | €54,499 | €68,738 | +€14,240 | +26.1% |
| Amounts payable | 17/49 | €339,124 | €345,612 | +€6,488 | +1.9% |
| Amounts payable within one year | 42/48 | €339,124 | €345,612 | +€6,488 | +1.9% |
| Trade debts | 44 | €1,304 | €9,329 | +€8,025 | +615.4% |
| Suppliers | 440/4 | €1,304 | €9,329 | +€8,025 | +615.4% |
| Taxes, remuneration and social security | 45 | €19,332 | €24,037 | +€4,705 | +24.3% |
| Taxes | 450/3 | €16,332 | €21,037 | +€4,705 | +28.8% |
| Remuneration and social security | 454/9 | €3,000 | €3,000 | = | 0.0% |
| Other amounts payable | 47/48 | €318,488 | €312,245 | -€6,243 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €544 | €877 | +€333 | +61.1% |
| Other operating charges | 640/8 | €2,853 | €2,790 | -€63 | -2.2% |
| Gross operating margin | 9900 | €34,203 | €26,804 | -€7,400 | -21.6% |
| Operating profit (loss) | 9901 | €30,806 | €23,136 | -€7,669 | -24.9% |
| Financial charges | 65/66B | €13,851 | €113 | -€13,738 | -99.2% |
| Recurring financial charges | 65 | €13,851 | €113 | -€13,738 | -99.2% |
| Profit (loss) for the period before taxes | 9903 | €16,955 | €23,024 | +€6,069 | +35.8% |
| Income taxes | 67/77 | €5,655 | €7,951 | +€2,296 | +40.6% |
| Profit (loss) for the period | 9904 | €11,300 | €15,073 | +€3,773 | +33.4% |
| Profit (loss) for the period to be appropriated | 9905 | €11,300 | €15,073 | +€3,773 | +33.4% |
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 30 September 2026 via checked.be.