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
- Tangible fixed assets -€9,141
down €9,141 (-9.5%), from €96,095 to €86,954
of which Furniture and vehicles: -€9,226
- Cash +€3,852
up €3,852 (+30.2%), from €12,735 to €16,587
mainly Depreciation (+€12,429) and Other debts (+€9,206)
- Reserves -€13,670
down €13,670 (-12.2%), from €111,677 to €98,007
of which Distributable reserves: -€13,670
- Other debts +€9,206
up €9,206 (+15.4%), from €59,702 to €68,907
- Trade debts -€2,406
down €2,406 (-12.4%), from €19,420 to €17,014
- Financial charges +€797
up €797 (+18.7%), from €4,264 to €5,061
- Depreciation +€726
up €726 (+6.2%), from €11,703 to €12,429
- Gross operating margin -€309
down €309 (-1.7%), from €17,941 to €17,632
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 | €224,275 | €218,038 | -€6,237 | -2.8% |
| Fixed assets | 21/28 | €96,095 | €86,954 | -€9,141 | -9.5% |
| Tangible fixed assets | 22/27 | €96,095 | €86,954 | -€9,141 | -9.5% |
| Land and buildings | 22 | €52,831 | €50,432 | -€2,399 | -4.5% |
| Plant, machinery and equipment | 23 | - | €3,243 | +€3,243 | |
| Furniture and vehicles | 24 | €36,904 | €27,678 | -€9,226 | -25.0% |
| Other tangible fixed assets | 26 | €6,361 | €5,602 | -€759 | -11.9% |
| Current assets | 29/58 | €128,180 | €131,083 | +€2,904 | +2.3% |
| Amounts receivable within one year | 40/41 | €113,778 | €112,754 | -€1,023 | -0.9% |
| Trade receivables | 40 | €111,981 | €111,981 | = | 0.0% |
| Other amounts receivable | 41 | €1,797 | €773 | -€1,023 | -57.0% |
| Cash at bank and in hand | 54/58 | €12,735 | €16,587 | +€3,852 | +30.2% |
| Deferred charges and accrued income | 490/1 | €1,667 | €1,742 | +€75 | +4.5% |
| Total equity and liabilities | 10/49 | €224,275 | €218,038 | -€6,237 | -2.8% |
| Equity | 10/15 | €142,664 | €128,994 | -€13,670 | -9.6% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Capital | 10 | €30,987 | €30,987 | = | 0.0% |
| Issued capital | 100 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €111,677 | €98,007 | -€13,670 | -12.2% |
| Non-distributable reserves | 130/1 | €3,193 | €3,193 | = | 0.0% |
| Legal reserve | 130 | €3,193 | €3,193 | = | 0.0% |
| Distributable reserves | 133 | €108,485 | €94,814 | -€13,670 | -12.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €81,611 | €89,044 | +€7,433 | +9.1% |
| Amounts payable within one year | 42/48 | €80,493 | €87,891 | +€7,398 | +9.2% |
| Trade debts | 44 | €19,420 | €17,014 | -€2,406 | -12.4% |
| Suppliers | 440/4 | €19,420 | €17,014 | -€2,406 | -12.4% |
| Taxes, remuneration and social security | 45 | €1,372 | €1,970 | +€598 | +43.6% |
| Taxes | 450/3 | €1,372 | €1,970 | +€598 | +43.6% |
| Other amounts payable | 47/48 | €59,702 | €68,907 | +€9,206 | +15.4% |
| Accrued charges and deferred income | 492/3 | €1,118 | €1,153 | +€35 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,703 | €12,429 | +€726 | +6.2% |
| Other operating charges | 640/8 | €5,518 | €5,649 | +€131 | +2.4% |
| Gross operating margin | 9900 | €17,941 | €17,632 | -€309 | -1.7% |
| Operating profit (loss) | 9901 | €720 | -€446 | -€1,166 | |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €4,264 | €5,061 | +€797 | +18.7% |
| Recurring financial charges | 65 | €4,264 | €5,061 | +€797 | +18.7% |
| Profit (loss) for the period before taxes | 9903 | -€3,543 | -€5,508 | -€1,965 | -55.4% |
| Income taxes | 67/77 | €184 | €178 | -€7 | -3.6% |
| Profit (loss) for the period | 9904 | -€3,728 | -€5,686 | -€1,958 | -52.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,728 | -€5,686 | -€1,958 | -52.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.