VANIMCO: 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.
VANIMCO
Largest movements
- Receivables within one year -€250,493
down €250,493 (-48.9%), from €512,373 to €261,880
of which Trade receivables: -€288,696
- Cash +€41,571
up €41,571 (+39.8%), from €104,557 to €146,128
mainly Receivables within one year (+€250,493) and Depreciation (+€29,744)
- Tangible fixed assets +€19,619
up €19,619 (+37.4%), from €52,423 to €72,042
of which Other tangible fixed assets: +€30,613
- Intangible fixed assets -€8,943
down €8,943 (-53.1%), from €16,844 to €7,901
- Profit (loss) carried forward -€132,156
down €132,156, from €47,155 to -€85,001
- Trade debts -€49,211
down €49,211 (-23.0%), from €213,853 to €164,642
- Short-term financial debts -€20,007
down €20,007 (-6.5%), from €305,653 to €285,646
- Debts after one year +€9,095
up €9,095 (+45.6%), from €19,964 to €29,058
- Gross operating margin -€119,764
down €119,764 (-44.0%), from €272,160 to €152,395
- Staff costs +€60,854
up €60,854 (+33.8%), from €180,272 to €241,126
- Taxes -€14,048
down €14,048 (-98.8%), from €14,213 to €165
- Financial charges -€3,778
down €3,778 (-21.2%), from €17,836 to €14,058
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 | €819,193 | €627,254 | -€191,939 | -23.4% |
| Fixed assets | 21/28 | €72,076 | €82,753 | +€10,676 | +14.8% |
| Intangible fixed assets | 21 | €16,844 | €7,901 | -€8,943 | -53.1% |
| Tangible fixed assets | 22/27 | €52,423 | €72,042 | +€19,619 | +37.4% |
| Plant, machinery and equipment | 23 | €16,854 | €18,264 | +€1,410 | +8.4% |
| Furniture and vehicles | 24 | €35,569 | €23,165 | -€12,404 | -34.9% |
| Other tangible fixed assets | 26 | - | €30,613 | +€30,613 | |
| Financial fixed assets | 28 | €2,810 | €2,810 | = | 0.0% |
| Current assets | 29/58 | €747,117 | €544,502 | -€202,615 | -27.1% |
| Stocks and contracts in progress | 3 | €124,279 | €131,821 | +€7,542 | +6.1% |
| Stocks | 30/36 | €124,279 | €131,821 | +€7,542 | +6.1% |
| Amounts receivable within one year | 40/41 | €512,373 | €261,880 | -€250,493 | -48.9% |
| Trade receivables | 40 | €500,955 | €212,259 | -€288,696 | -57.6% |
| Other amounts receivable | 41 | €11,417 | €49,620 | +€38,203 | +335% |
| Cash at bank and in hand | 54/58 | €104,557 | €146,128 | +€41,571 | +39.8% |
| Deferred charges and accrued income | 490/1 | €5,908 | €4,673 | -€1,235 | -20.9% |
| Total equity and liabilities | 10/49 | €819,193 | €627,254 | -€191,939 | -23.4% |
| Equity | 10/15 | €152,350 | €20,194 | -€132,156 | -86.7% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €5,195 | €5,195 | = | 0.0% |
| Distributable reserves | 133 | €5,195 | €5,195 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,155 | -€85,001 | -€132,156 | |
| Amounts payable | 17/49 | €666,843 | €607,060 | -€59,783 | -9.0% |
| Amounts payable after more than one year | 17 | €19,964 | €29,058 | +€9,095 | +45.6% |
| Financial debts | 170/4 | €19,964 | €29,058 | +€9,095 | +45.6% |
| Amounts payable within one year | 42/48 | €641,494 | €578,002 | -€63,492 | -9.9% |
| Current portion of amounts payable after more than one year | 42 | €10,033 | €15,140 | +€5,107 | +50.9% |
| Financial debts | 43 | €305,653 | €285,646 | -€20,007 | -6.5% |
| Credit institutions | 430/8 | €305,653 | €285,646 | -€20,007 | -6.5% |
| Trade debts | 44 | €213,853 | €164,642 | -€49,211 | -23.0% |
| Suppliers | 440/4 | €213,853 | €164,642 | -€49,211 | -23.0% |
| Taxes, remuneration and social security | 45 | €111,955 | €107,574 | -€4,381 | -3.9% |
| Taxes | 450/3 | €87,260 | €79,506 | -€7,754 | -8.9% |
| Remuneration and social security | 454/9 | €24,695 | €28,068 | +€3,373 | +13.7% |
| Other amounts payable | 47/48 | - | €5,000 | +€5,000 | |
| Accrued charges and deferred income | 492/3 | €5,386 | - | -€5,386 | |
| Remuneration, social security and pensions | 62 | €180,272 | €241,126 | +€60,854 | +33.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,677 | €29,744 | -€933 | -3.0% |
| Other operating charges | 640/8 | €2,254 | €1,246 | -€1,008 | -44.7% |
| Gross operating margin | 9900 | €272,160 | €152,395 | -€119,764 | -44.0% |
| Operating profit (loss) | 9901 | €58,957 | -€119,721 | -€178,677 | |
| Financial income | 75/76B | €1,675 | €1,788 | +€114 | +6.8% |
| Recurring financial income | 75 | €1,675 | €1,788 | +€114 | +6.8% |
| Financial charges | 65/66B | €17,836 | €14,058 | -€3,778 | -21.2% |
| Recurring financial charges | 65 | €17,836 | €14,058 | -€3,778 | -21.2% |
| Profit (loss) for the period before taxes | 9903 | €42,795 | -€131,991 | -€174,786 | |
| Income taxes | 67/77 | €14,213 | €165 | -€14,048 | -98.8% |
| Profit (loss) for the period | 9904 | €28,582 | -€132,156 | -€160,738 | |
| Profit (loss) for the period to be appropriated | 9905 | €28,582 | -€132,156 | -€160,738 |
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.