VANJAS: 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.
VANJAS
Largest movements
- Cash +€105,421
up €105,421 (+24.0%), from €438,446 to €543,868
mainly Other debts (+€346,435) and Net result for the year (+€224,198)
- Current investments +€60,035
up €60,035 (+37.2%), from €161,265 to €221,300
- Receivables within one year +€8,697
up €8,697 (+11.9%), from €72,803 to €81,500
of which Other amounts receivable: +€17,800
- Other debts +€346,435
up €346,435 (+2400.2%), from €14,434 to €360,869
- Reserves -€175,000
down €175,000 (-27.1%), from €645,000 to €470,000
- Accrued charges and deferred income +€8,657
up €8,657 (+608.3%), from €1,423 to €10,080
- Gross operating margin -€99,326
down €99,326 (-26.3%), from €377,775 to €278,450
- Taxes -€27,714
down €27,714 (-31.1%), from €89,169 to €61,455
- Financial income +€24,116
up €24,116 (+790.6%), from €3,051 to €27,167
- Financial charges +€11,746
up €11,746 (+221.4%), from €5,306 to €17,052
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 | €680,207 | €857,561 | +€177,354 | +26.1% |
| Fixed assets | 21/28 | €2,029 | €5,323 | +€3,294 | +162.3% |
| Tangible fixed assets | 22/27 | €2,029 | €5,323 | +€3,294 | +162.3% |
| Plant, machinery and equipment | 23 | €342 | - | -€342 | |
| Furniture and vehicles | 24 | €1,687 | €5,323 | +€3,636 | +215.5% |
| Current assets | 29/58 | €678,178 | €852,238 | +€174,060 | +25.7% |
| Amounts receivable within one year | 40/41 | €72,803 | €81,500 | +€8,697 | +11.9% |
| Trade receivables | 40 | €51,103 | €42,000 | -€9,103 | -17.8% |
| Other amounts receivable | 41 | €21,700 | €39,500 | +€17,800 | +82.0% |
| Current investments | 50/53 | €161,265 | €221,300 | +€60,035 | +37.2% |
| Cash at bank and in hand | 54/58 | €438,446 | €543,868 | +€105,421 | +24.0% |
| Deferred charges and accrued income | 490/1 | €5,663 | €5,570 | -€94 | -1.7% |
| Total equity and liabilities | 10/49 | €680,207 | €857,561 | +€177,354 | +26.1% |
| Equity | 10/15 | €652,644 | €476,842 | -€175,802 | -26.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €645,000 | €470,000 | -€175,000 | -27.1% |
| Distributable reserves | 133 | €645,000 | €470,000 | -€175,000 | -27.1% |
| Profit (loss) carried forward | 14 | €2,644 | €1,842 | -€802 | -30.3% |
| Amounts payable | 17/49 | €27,564 | €380,719 | +€353,155 | +1281.2% |
| Amounts payable within one year | 42/48 | €26,140 | €370,639 | +€344,498 | +1317.9% |
| Trade debts | 44 | €5,718 | €84 | -€5,634 | -98.5% |
| Suppliers | 440/4 | €5,718 | €84 | -€5,634 | -98.5% |
| Taxes, remuneration and social security | 45 | €5,989 | €9,686 | +€3,697 | +61.7% |
| Taxes | 450/3 | €5,989 | €9,686 | +€3,697 | +61.7% |
| Other amounts payable | 47/48 | €14,434 | €360,869 | +€346,435 | +2400.2% |
| Accrued charges and deferred income | 492/3 | €1,423 | €10,080 | +€8,657 | +608.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €702 | €864 | +€162 | +23.1% |
| Other operating charges | 640/8 | €1,429 | €2,047 | +€618 | +43.2% |
| Gross operating margin | 9900 | €377,775 | €278,450 | -€99,326 | -26.3% |
| Operating profit (loss) | 9901 | €375,644 | €275,539 | -€100,106 | -26.6% |
| Financial income | 75/76B | €3,051 | €27,167 | +€24,116 | +790.6% |
| Recurring financial income | 75 | €3,051 | €27,167 | +€24,116 | +790.6% |
| Financial charges | 65/66B | €5,306 | €17,052 | +€11,746 | +221.4% |
| Recurring financial charges | 65 | €5,306 | €17,052 | +€11,746 | +221.4% |
| Profit (loss) for the period before taxes | 9903 | €373,389 | €285,653 | -€87,736 | -23.5% |
| Income taxes | 67/77 | €89,169 | €61,455 | -€27,714 | -31.1% |
| Profit (loss) for the period | 9904 | €284,220 | €224,198 | -€60,021 | -21.1% |
| Profit (loss) for the period to be appropriated | 9905 | €284,220 | €224,198 | -€60,021 | -21.1% |
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 1 October 2026 via checked.be.