VANJA: 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.
VANJA
Largest movements
- Cash +€90,667
up €90,667 (+44.3%), from €204,553 to €295,219
mainly Net result for the year (+€55,375) and Receivables within one year (+€19,020)
- Receivables within one year -€19,020
down €19,020 (-85.1%), from €22,363 to €3,343
of which Trade receivables: -€20,782
- Profit (loss) carried forward +€55,375
up €55,375 (+29.5%), from -€187,576 to -€132,201
- Trade debts +€14,906
up €14,906 (+49.5%), from €30,126 to €45,032
- Gross operating margin +€135,699
up €135,699, from -€74,441 to €61,257
- Financial income -€1,606
no longer reported in 2025 (was €1,606)
- Other operating charges -€1,519
down €1,519 (-28.5%), from €5,327 to €3,808
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 | €279,146 | €348,752 | +€69,606 | +24.9% |
| Fixed assets | 21/28 | €52,047 | €50,189 | -€1,858 | -3.6% |
| Tangible fixed assets | 22/27 | €52,047 | €50,189 | -€1,858 | -3.6% |
| Land and buildings | 22 | €52,047 | €50,189 | -€1,858 | -3.6% |
| Current assets | 29/58 | €227,098 | €298,562 | +€71,464 | +31.5% |
| Amounts receivable within one year | 40/41 | €22,363 | €3,343 | -€19,020 | -85.1% |
| Trade receivables | 40 | €20,782 | - | -€20,782 | |
| Other amounts receivable | 41 | €1,580 | €3,343 | +€1,763 | +111.5% |
| Cash at bank and in hand | 54/58 | €204,553 | €295,219 | +€90,667 | +44.3% |
| Deferred charges and accrued income | 490/1 | €183 | - | -€183 | |
| Total equity and liabilities | 10/49 | €279,146 | €348,752 | +€69,606 | +24.9% |
| Equity | 10/15 | €244,328 | €299,703 | +€55,375 | +22.7% |
| Contributions | 10/11 | €395,291 | €395,291 | = | 0.0% |
| Contributions outside capital | 11 | €395,291 | €395,291 | = | 0.0% |
| Share premium | 1100/10 | €29,158 | €29,158 | = | 0.0% |
| Other | 1109/19 | €366,133 | €366,133 | = | 0.0% |
| Reserves | 13 | €36,613 | €36,613 | = | 0.0% |
| Distributable reserves | 133 | €36,613 | €36,613 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€187,576 | -€132,201 | +€55,375 | +29.5% |
| Amounts payable | 17/49 | €34,818 | €49,049 | +€14,231 | +40.9% |
| Amounts payable within one year | 42/48 | €34,818 | €49,049 | +€14,231 | +40.9% |
| Financial debts | 43 | €14 | €28 | +€14 | +103.8% |
| Credit institutions | 430/8 | €14 | €28 | +€14 | +103.8% |
| Trade debts | 44 | €30,126 | €45,032 | +€14,906 | +49.5% |
| Suppliers | 440/4 | €30,126 | €45,032 | +€14,906 | +49.5% |
| Taxes, remuneration and social security | 45 | €1,531 | €841 | -€690 | -45.0% |
| Taxes | 450/3 | €1,531 | €841 | -€690 | -45.0% |
| Other amounts payable | 47/48 | €3,147 | €3,147 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,858 | €1,858 | = | 0.0% |
| Other operating charges | 640/8 | €5,327 | €3,808 | -€1,519 | -28.5% |
| Gross operating margin | 9900 | -€74,441 | €61,257 | +€135,699 | |
| Operating profit (loss) | 9901 | -€81,627 | €55,591 | +€137,218 | |
| Financial income | 75/76B | €1,606 | - | -€1,606 | |
| Recurring financial income | 75 | €1,606 | - | -€1,606 | |
| Financial charges | 65/66B | €172 | €216 | +€44 | +25.6% |
| Recurring financial charges | 65 | €172 | €216 | +€44 | +25.6% |
| Profit (loss) for the period before taxes | 9903 | -€80,193 | €55,375 | +€135,568 | |
| Income taxes | 67/77 | €218 | - | -€218 | |
| Profit (loss) for the period | 9904 | -€80,411 | €55,375 | +€135,786 | |
| Profit (loss) for the period to be appropriated | 9905 | -€80,411 | €55,375 | +€135,786 |
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 9 October 2026 via checked.be.