VANIS: what changed
Two fiscal 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.
VANIS
Largest movements
- Stocks and contracts -€85,719
no longer reported in 2025 (was €85,719)
- Tangible fixed assets +€73,872
up €73,872 (+31.4%), from €235,398 to €309,270
- Receivables within one year -€13,368
no longer reported in 2025 (was €13,368)
- Trade debts -€97,405
down €97,405 (-96.7%), from €100,694 to €3,289
- Other debts +€81,108
up €81,108 (+220.7%), from €36,750 to €117,858
- Debts after one year -€5,972
down €5,972 (-8.6%), from €69,526 to €63,554
- Financial income -€4,599
no longer reported in 2025 (was €4,599)
- Depreciation +€3,728
up €3,728 (+45.9%), from €8,119 to €11,847
- Financial charges +€2,614
up €2,614 (+1922.1%), from €136 to €2,750
- Gross operating margin -€1,922
down €1,922 (-13.9%), from €13,844 to €11,922
- Other operating charges -€390
down €390 (-46.4%), from €840 to €450
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.
Cash bridge derived
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 | €335,815 | €310,600 | -€25,215 | -7.5% |
| Fixed assets | 21/28 | €236,148 | €310,020 | +€73,872 | +31.3% |
| Tangible fixed assets | 22/27 | €235,398 | €309,270 | +€73,872 | +31.4% |
| Land and buildings | 22 | €235,398 | €309,270 | +€73,872 | +31.4% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €99,667 | €580 | -€99,087 | -99.4% |
| Stocks and contracts in progress | 3 | €85,719 | - | -€85,719 | |
| Stocks | 30/36 | €85,719 | - | -€85,719 | |
| Amounts receivable within one year | 40/41 | €13,368 | - | -€13,368 | |
| Other amounts receivable | 41 | €13,368 | - | -€13,368 | |
| Cash at bank and in hand | 54/58 | €580 | €580 | = | 0.0% |
| Total equity and liabilities | 10/49 | €335,815 | €310,600 | -€25,215 | -7.5% |
| Equity | 10/15 | €93,149 | €90,024 | -€3,125 | -3.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €87,398 | €87,398 | = | 0.0% |
| Tax-exempt reserves | 132 | €87,398 | €87,398 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€449 | -€3,574 | -€3,125 | -696.0% |
| Provisions and deferred taxes | 16 | €29,133 | €29,133 | = | 0.0% |
| Deferred taxes | 168 | €29,133 | €29,133 | = | 0.0% |
| Amounts payable | 17/49 | €213,533 | €191,443 | -€22,090 | -10.3% |
| Amounts payable after more than one year | 17 | €69,526 | €63,554 | -€5,972 | -8.6% |
| Financial debts | 170/4 | €69,526 | €63,554 | -€5,972 | -8.6% |
| Amounts payable within one year | 42/48 | €143,238 | €127,120 | -€16,118 | -11.3% |
| Current portion of amounts payable after more than one year | 42 | €5,794 | €5,973 | +€179 | +3.1% |
| Trade debts | 44 | €100,694 | €3,289 | -€97,405 | -96.7% |
| Suppliers | 440/4 | €100,694 | €3,289 | -€97,405 | -96.7% |
| Other amounts payable | 47/48 | €36,750 | €117,858 | +€81,108 | +220.7% |
| Accrued charges and deferred income | 492/3 | €769 | €769 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,119 | €11,847 | +€3,728 | +45.9% |
| Other operating charges | 640/8 | €840 | €450 | -€390 | -46.4% |
| Gross operating margin | 9900 | €13,844 | €11,922 | -€1,922 | -13.9% |
| Operating profit (loss) | 9901 | €4,885 | -€375 | -€5,260 | |
| Financial income | 75/76B | €4,599 | - | -€4,599 | |
| Recurring financial income | 75 | €4,599 | - | -€4,599 | |
| Financial charges | 65/66B | €136 | €2,750 | +€2,614 | +1922.1% |
| Recurring financial charges | 65 | €136 | €2,750 | +€2,614 | +1922.1% |
| Profit (loss) for the period before taxes | 9903 | €9,348 | -€3,125 | -€12,473 | |
| Profit (loss) for the period | 9904 | €9,348 | -€3,125 | -€12,473 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,348 | -€3,125 | -€12,473 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.