VANICON: 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.
VANICON
Largest movements
- Receivables within one year -€9,259
down €9,259 (-7.2%), from €128,596 to €119,337
- Cash -€3,937
down €3,937 (-86.1%), from €4,574 to €637
mainly Other debts (-€43,097) and Tax, wage and social debts (-€3,532)
- Deferred charges and accrued income -€3,471
down €3,471 (-29.2%), from €11,867 to €8,396
- Other debts -€43,097
down €43,097 (-79.1%), from €54,479 to €11,382
- Reserves +€22,248
up €22,248 (+81.3%), from €27,351 to €49,599
- Short-term financial debts +€7,613
up €7,613 (+18.3%), from €41,500 to €49,113
- Tax, wage and social debts -€3,532
down €3,532 (-25.9%), from €13,632 to €10,100
- Financial income -€3,910
down €3,910 (-34.0%), from €11,492 to €7,583
- Gross operating margin -€3,447
down €3,447 (-9.4%), from €36,731 to €33,284
- Taxes -€2,842
down €2,842 (-18.9%), from €14,999 to €12,157
- Financial charges +€616
up €616 (+13.4%), from €4,604 to €5,221
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 | €145,556 | €128,801 | -€16,755 | -11.5% |
| Fixed assets | 21/28 | €520 | €431 | -€88 | -17.0% |
| Tangible fixed assets | 22/27 | €160 | €71 | -€88 | -55.3% |
| Furniture and vehicles | 24 | €160 | €71 | -€88 | -55.3% |
| Financial fixed assets | 28 | €360 | €360 | = | 0.0% |
| Current assets | 29/58 | €145,037 | €128,370 | -€16,667 | -11.5% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €128,596 | €119,337 | -€9,259 | -7.2% |
| Other amounts receivable | 41 | €128,596 | €119,337 | -€9,259 | -7.2% |
| Cash at bank and in hand | 54/58 | €4,574 | €637 | -€3,937 | -86.1% |
| Deferred charges and accrued income | 490/1 | €11,867 | €8,396 | -€3,471 | -29.2% |
| Total equity and liabilities | 10/49 | €145,556 | €128,801 | -€16,755 | -11.5% |
| Equity | 10/15 | €33,551 | €55,799 | +€22,248 | +66.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €27,351 | €49,599 | +€22,248 | +81.3% |
| Distributable reserves | 133 | €27,351 | €49,599 | +€22,248 | +81.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €112,006 | €73,003 | -€39,003 | -34.8% |
| Amounts payable within one year | 42/48 | €111,395 | €72,165 | -€39,230 | -35.2% |
| Financial debts | 43 | €41,500 | €49,113 | +€7,613 | +18.3% |
| Credit institutions | 430/8 | €41,500 | €49,113 | +€7,613 | +18.3% |
| Trade debts | 44 | €1,784 | €1,570 | -€214 | -12.0% |
| Suppliers | 440/4 | €1,784 | €1,570 | -€214 | -12.0% |
| Taxes, remuneration and social security | 45 | €13,632 | €10,100 | -€3,532 | -25.9% |
| Taxes | 450/3 | €13,632 | €10,100 | -€3,532 | -25.9% |
| Other amounts payable | 47/48 | €54,479 | €11,382 | -€43,097 | -79.1% |
| Accrued charges and deferred income | 492/3 | €610 | €838 | +€227 | +37.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88 | €88 | = | 0.0% |
| Other operating charges | 640/8 | €1,181 | €1,152 | -€29 | -2.4% |
| Gross operating margin | 9900 | €36,731 | €33,284 | -€3,447 | -9.4% |
| Operating profit (loss) | 9901 | €35,462 | €32,043 | -€3,419 | -9.6% |
| Financial income | 75/76B | €11,492 | €7,583 | -€3,910 | -34.0% |
| Recurring financial income | 75 | €11,492 | €7,583 | -€3,910 | -34.0% |
| Financial charges | 65/66B | €4,604 | €5,221 | +€616 | +13.4% |
| Recurring financial charges | 65 | €4,604 | €5,221 | +€616 | +13.4% |
| Profit (loss) for the period before taxes | 9903 | €42,350 | €34,405 | -€7,945 | -18.8% |
| Income taxes | 67/77 | €14,999 | €12,157 | -€2,842 | -18.9% |
| Profit (loss) for the period | 9904 | €27,351 | €22,248 | -€5,103 | -18.7% |
| Profit (loss) for the period to be appropriated | 9905 | €27,351 | €22,248 | -€5,103 | -18.7% |
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 14 October 2026 via checked.be.