VANINVEST: 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.
VANINVEST
Largest movements
- Cash -€311,133
down €311,133 (-86.4%), from €360,308 to €49,175
mainly Current investments (-€300,000) and Net result for the year (-€31,200)
- Current investments +€300,000
new in 2025: €300,000
- Tangible fixed assets -€26,250
down €26,250 (-31.9%), from €82,382 to €56,132
of which Land and buildings: -€20,608
- Profit (loss) carried forward -€21,389
down €21,389 (-4.4%), from -€490,603 to -€511,992
- Reserves -€9,811
down €9,811 (-2.9%), from €336,532 to €326,721
of which Tax-exempt reserves: -€9,811
- Financial charges -€893,038
down €893,038 (-100.0%), from €893,433 to €395
of which Non-recurring financial charges: -€702,483
- Financial income +€8,064
up €8,064 (+181%), from €4,454 to €12,518
of which Non-recurring financial income: +€4,800
- Gross operating margin -€7,893
down €7,893 (-81.1%), from -€9,730 to -€17,622
- Depreciation -€559
down €559 (-2.1%), from €26,809 to €26,250
- Other operating charges +€296
up €296 (+13.4%), from €2,204 to €2,500
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 | €522,366 | €490,260 | -€32,106 | -6.1% |
| Fixed assets | 21/28 | €82,382 | €56,132 | -€26,250 | -31.9% |
| Tangible fixed assets | 22/27 | €82,382 | €56,132 | -€26,250 | -31.9% |
| Land and buildings | 22 | €65,568 | €44,959 | -€20,608 | -31.4% |
| Plant, machinery and equipment | 23 | €680 | - | -€680 | |
| Other tangible fixed assets | 26 | €16,135 | €11,173 | -€4,962 | -30.8% |
| Current assets | 29/58 | €439,984 | €434,128 | -€5,856 | -1.3% |
| Amounts receivable within one year | 40/41 | €79,676 | €84,870 | +€5,194 | +6.5% |
| Other amounts receivable | 41 | €79,676 | €84,870 | +€5,194 | +6.5% |
| Current investments | 50/53 | - | €300,000 | +€300,000 | |
| Cash at bank and in hand | 54/58 | €360,308 | €49,175 | -€311,133 | -86.4% |
| Deferred charges and accrued income | 490/1 | - | €83 | +€83 | |
| Total equity and liabilities | 10/49 | €522,366 | €490,260 | -€32,106 | -6.1% |
| Equity | 10/15 | €507,429 | €476,229 | -€31,200 | -6.1% |
| Contributions | 10/11 | €661,500 | €661,500 | = | 0.0% |
| Capital | 10 | €661,500 | €661,500 | = | 0.0% |
| Issued capital | 100 | €661,500 | €661,500 | = | 0.0% |
| Reserves | 13 | €336,532 | €326,721 | -€9,811 | -2.9% |
| Non-distributable reserves | 130/1 | €66,150 | €66,150 | = | 0.0% |
| Legal reserve | 130 | €66,150 | €66,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,779 | €5,968 | -€9,811 | -62.2% |
| Distributable reserves | 133 | €254,603 | €254,603 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€490,603 | -€511,992 | -€21,389 | -4.4% |
| Provisions and deferred taxes | 16 | €11,960 | €8,690 | -€3,270 | -27.3% |
| Deferred taxes | 168 | €11,960 | €8,690 | -€3,270 | -27.3% |
| Amounts payable | 17/49 | €2,977 | €5,341 | +€2,364 | +79.4% |
| Amounts payable within one year | 42/48 | €2,977 | €5,341 | +€2,364 | +79.4% |
| Trade debts | 44 | €2,693 | €5,341 | +€2,648 | +98.3% |
| Suppliers | 440/4 | €2,693 | €5,341 | +€2,648 | +98.3% |
| Taxes, remuneration and social security | 45 | €284 | - | -€284 | |
| Taxes | 450/3 | €284 | - | -€284 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,809 | €26,250 | -€559 | -2.1% |
| Other operating charges | 640/8 | €2,204 | €2,500 | +€296 | +13.4% |
| Gross operating margin | 9900 | -€9,730 | -€17,622 | -€7,893 | -81.1% |
| Operating profit (loss) | 9901 | -€38,742 | -€46,372 | -€7,630 | -19.7% |
| Financial income | 75/76B | €4,454 | €12,518 | +€8,064 | +181% |
| Recurring financial income | 75 | €4,454 | €7,718 | +€3,264 | +73.3% |
| Non-recurring financial income | 76B | - | €4,800 | +€4,800 | |
| Financial charges | 65/66B | €893,433 | €395 | -€893,038 | -100.0% |
| Recurring financial charges | 65 | €190,951 | €395 | -€190,556 | -99.8% |
| Non-recurring financial charges | 66B | €702,483 | - | -€702,483 | |
| Profit (loss) for the period before taxes | 9903 | -€927,721 | -€34,249 | +€893,473 | +96.3% |
| Transfer from deferred taxes | 780 | €3,270 | €3,270 | = | 0.0% |
| Income taxes | 67/77 | €284 | €221 | -€63 | -22.1% |
| Profit (loss) for the period | 9904 | -€924,735 | -€31,200 | +€893,535 | +96.6% |
| Transfer from tax-exempt reserves | 789 | €9,811 | €9,811 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€914,924 | -€21,389 | +€893,535 | +97.7% |
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 17 October 2026 via checked.be.