VANICK: 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.
VANICK
Largest movements
- Receivables within one year -€12,066
down €12,066 (-91.5%), from €13,193 to €1,127
of which Other amounts receivable: -€13,193
- Intangible fixed assets -€11,000
down €11,000 (-33.3%), from €33,000 to €22,000
- Cash +€2,269
up €2,269 (+29.5%), from €7,694 to €9,964
mainly Receivables within one year (+€12,066) and Depreciation (+€11,464)
- Deferred charges and accrued income +€1,728
up €1,728 (+113%), from €1,529 to €3,257
- Stocks and contracts +€943
up €943 (+3.1%), from €30,441 to €31,383
- Tax, wage and social debts -€9,910
down €9,910 (-61.6%), from €16,081 to €6,170
of which Remuneration and social security: -€8,831
- Other debts -€8,786
down €8,786 (-100%), from €8,786 to €0
- Trade debts +€5,627
up €5,627 (+25.6%), from €21,944 to €27,572
- Current portion of long-term debt -€4,876
down €4,876 (-76.2%), from €6,400 to €1,524
- Gross operating margin -€10,496
down €10,496 (-23.7%), from €44,328 to €33,833
- Taxes -€2,333
down €2,333, from €1,992 to -€341
- Staff costs +€1,617
up €1,617 (+9.4%), from €17,153 to €18,771
- Financial charges -€795
down €795 (-42.7%), from €1,861 to €1,066
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 | €87,454 | €68,864 | -€18,590 | -21.3% |
| Fixed assets | 21/28 | €34,596 | €23,132 | -€11,464 | -33.1% |
| Intangible fixed assets | 21 | €33,000 | €22,000 | -€11,000 | -33.3% |
| Tangible fixed assets | 22/27 | €1,336 | €872 | -€464 | -34.7% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €1,336 | €872 | -€464 | -34.7% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | €260 | €260 | = | 0.0% |
| Current assets | 29/58 | €52,857 | €45,731 | -€7,126 | -13.5% |
| Stocks and contracts in progress | 3 | €30,441 | €31,383 | +€943 | +3.1% |
| Stocks | 30/36 | €30,441 | €31,383 | +€943 | +3.1% |
| Amounts receivable within one year | 40/41 | €13,193 | €1,127 | -€12,066 | -91.5% |
| Trade receivables | 40 | €0 | €1,127 | +€1,127 | |
| Other amounts receivable | 41 | €13,193 | €0 | -€13,193 | -100% |
| Cash at bank and in hand | 54/58 | €7,694 | €9,964 | +€2,269 | +29.5% |
| Deferred charges and accrued income | 490/1 | €1,529 | €3,257 | +€1,728 | +113% |
| Total equity and liabilities | 10/49 | €87,454 | €68,864 | -€18,590 | -21.3% |
| Equity | 10/15 | €34,244 | €33,598 | -€645 | -1.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,240 | €1,240 | = | 0.0% |
| Distributable reserves | 133 | €1,240 | €1,240 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,404 | €13,758 | -€645 | -4.5% |
| Amounts payable | 17/49 | €53,210 | €35,266 | -€17,945 | -33.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €53,210 | €35,266 | -€17,945 | -33.7% |
| Current portion of amounts payable after more than one year | 42 | €6,400 | €1,524 | -€4,876 | -76.2% |
| Trade debts | 44 | €21,944 | €27,572 | +€5,627 | +25.6% |
| Suppliers | 440/4 | €21,944 | €27,572 | +€5,627 | +25.6% |
| Taxes, remuneration and social security | 45 | €16,081 | €6,170 | -€9,910 | -61.6% |
| Taxes | 450/3 | €3,148 | €2,069 | -€1,079 | -34.3% |
| Remuneration and social security | 454/9 | €12,933 | €4,102 | -€8,831 | -68.3% |
| Other amounts payable | 47/48 | €8,786 | €0 | -€8,786 | -100% |
| Remuneration, social security and pensions | 62 | €17,153 | €18,771 | +€1,617 | +9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,612 | €11,464 | -€148 | -1.3% |
| Other operating charges | 640/8 | €3,815 | €3,544 | -€271 | -7.1% |
| Gross operating margin | 9900 | €44,328 | €33,833 | -€10,496 | -23.7% |
| Operating profit (loss) | 9901 | €11,748 | €54 | -€11,694 | -99.5% |
| Financial income | 75/76B | €287 | €25 | -€261 | -91.2% |
| Recurring financial income | 75 | €287 | €25 | -€261 | -91.2% |
| Financial charges | 65/66B | €1,861 | €1,066 | -€795 | -42.7% |
| Recurring financial charges | 65 | €1,861 | €1,066 | -€795 | -42.7% |
| Profit (loss) for the period before taxes | 9903 | €10,174 | -€986 | -€11,160 | |
| Income taxes | 67/77 | €1,992 | -€341 | -€2,333 | |
| Profit (loss) for the period | 9904 | €8,182 | -€645 | -€8,827 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,182 | -€645 | -€8,827 |
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.