VANI PROJECTS: 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.
VANI PROJECTS
Largest movements
- Receivables within one year +€5,765
new in 2025: €5,765
- Cash -€1,269
down €1,269 (-24.1%), from €5,257 to €3,987
mainly Net result for the year (-€12,974) and Receivables within one year (-€5,765)
- Tangible fixed assets -€841
down €841 (-21.7%), from €3,872 to €3,031
- Deferred charges and accrued income +€620
new in 2025: €620
- Profit (loss) carried forward -€12,974
down €12,974 (-153.4%), from -€8,457 to -€21,431
- Other debts +€11,590
up €11,590 (+28745.5%), from €40 to €11,631
- Trade debts +€6,072
up €6,072 (+170.9%), from €3,552 to €9,624
- Tax, wage and social debts +€1,630
up €1,630 (+40.9%), from €3,982 to €5,612
of which Taxes: +€1,917
- Debts after one year -€1,192
down €1,192 (-40.1%), from €2,969 to €1,777
- Gross operating margin -€2,146
down €2,146 (-26.9%), from -€7,987 to -€10,132
- Financial charges +€1,308
up €1,308 (+1253.1%), from €104 to €1,412
- Depreciation +€509
up €509 (+153.3%), from €332 to €841
- Other operating charges +€394
new in 2025: €394
- Taxes +€161
up €161 (+467.8%), from €34 to €195
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 | €9,129 | €13,404 | +€4,275 | +46.8% |
| Fixed assets | 21/28 | €3,872 | €3,031 | -€841 | -21.7% |
| Tangible fixed assets | 22/27 | €3,872 | €3,031 | -€841 | -21.7% |
| Plant, machinery and equipment | 23 | €3,872 | €3,031 | -€841 | -21.7% |
| Current assets | 29/58 | €5,257 | €10,372 | +€5,116 | +97.3% |
| Amounts receivable within one year | 40/41 | - | €5,765 | +€5,765 | |
| Trade receivables | 40 | - | €5,765 | +€5,765 | |
| Cash at bank and in hand | 54/58 | €5,257 | €3,987 | -€1,269 | -24.1% |
| Deferred charges and accrued income | 490/1 | - | €620 | +€620 | |
| Total equity and liabilities | 10/49 | €9,129 | €13,404 | +€4,275 | +46.8% |
| Equity | 10/15 | -€3,457 | -€16,431 | -€12,974 | -375.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,457 | -€21,431 | -€12,974 | -153.4% |
| Amounts payable | 17/49 | €12,586 | €29,835 | +€17,249 | +137.1% |
| Amounts payable after more than one year | 17 | €2,969 | €1,777 | -€1,192 | -40.1% |
| Financial debts | 170/4 | €2,969 | €1,777 | -€1,192 | -40.1% |
| Amounts payable within one year | 42/48 | €8,716 | €28,058 | +€19,341 | +221.9% |
| Current portion of amounts payable after more than one year | 42 | €1,142 | €1,192 | +€49 | +4.3% |
| Trade debts | 44 | €3,552 | €9,624 | +€6,072 | +170.9% |
| Suppliers | 440/4 | €3,552 | €9,624 | +€6,072 | +170.9% |
| Taxes, remuneration and social security | 45 | €3,982 | €5,612 | +€1,630 | +40.9% |
| Taxes | 450/3 | €2,295 | €4,212 | +€1,917 | +83.5% |
| Remuneration and social security | 454/9 | €1,687 | €1,400 | -€287 | -17.0% |
| Other amounts payable | 47/48 | €40 | €11,631 | +€11,590 | +28745.5% |
| Accrued charges and deferred income | 492/3 | €901 | €0 | -€901 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €332 | €841 | +€509 | +153.3% |
| Other operating charges | 640/8 | - | €394 | +€394 | |
| Gross operating margin | 9900 | -€7,987 | -€10,132 | -€2,146 | -26.9% |
| Operating profit (loss) | 9901 | -€8,319 | -€11,367 | -€3,049 | -36.6% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €104 | €1,412 | +€1,308 | +1253.1% |
| Recurring financial charges | 65 | €104 | €1,412 | +€1,308 | +1253.1% |
| Profit (loss) for the period before taxes | 9903 | -€8,423 | -€12,779 | -€4,356 | -51.7% |
| Income taxes | 67/77 | €34 | €195 | +€161 | +467.8% |
| Profit (loss) for the period | 9904 | -€8,457 | -€12,974 | -€4,517 | -53.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,457 | -€12,974 | -€4,517 | -53.4% |
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 11 October 2026 via checked.be.