VANJONA: 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.
VANJONA
Largest movements
- Tangible fixed assets +€20,514
up €20,514 (+10.9%), from €188,359 to €208,873
of which Furniture and vehicles: +€41,547
- Cash +€9,679
up €9,679 (+1398.5%), from €692 to €10,371
mainly Depreciation (+€27,469) and Net result for the year (+€14,120)
- Reserves +€14,120
up €14,120 (+278.6%), from €5,068 to €19,188
- Current portion of long-term debt +€9,769
up €9,769 (+34.0%), from €28,729 to €38,498
- Tax, wage and social debts +€3,157
up €3,157 (+104.0%), from €3,035 to €6,192
of which Taxes: +€4,526
- Trade debts -€2,553
down €2,553 (-21.1%), from €12,098 to €9,546
- Debts after one year +€2,370
up €2,370 (+3.0%), from €79,271 to €81,641
- Gross operating margin +€36,315
up €36,315 (+58.1%), from €62,481 to €98,796
- Staff costs +€15,884
up €15,884 (+54.1%), from €29,339 to €45,223
- Depreciation +€5,078
up €5,078 (+22.7%), from €22,391 to €27,469
- Taxes +€3,776
up €3,776 (+193.0%), from €1,956 to €5,732
- Financial charges +€2,822
up €2,822 (+74.1%), from €3,810 to €6,632
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.
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 | €201,283 | €228,856 | +€27,573 | +13.7% |
| Fixed assets | 21/28 | €188,359 | €208,873 | +€20,514 | +10.9% |
| Tangible fixed assets | 22/27 | €188,359 | €208,873 | +€20,514 | +10.9% |
| Plant, machinery and equipment | 23 | €7,338 | €5,105 | -€2,233 | -30.4% |
| Furniture and vehicles | 24 | €10,383 | €51,929 | +€41,547 | +400.2% |
| Other tangible fixed assets | 26 | €170,638 | €151,838 | -€18,800 | -11.0% |
| Current assets | 29/58 | €12,925 | €19,983 | +€7,059 | +54.6% |
| Stocks and contracts in progress | 3 | €7,816 | €6,944 | -€872 | -11.2% |
| Stocks | 30/36 | €7,816 | €6,944 | -€872 | -11.2% |
| Amounts receivable within one year | 40/41 | €3,691 | €2,053 | -€1,639 | -44.4% |
| Trade receivables | 40 | €648 | €2,053 | +€1,405 | +216.9% |
| Other amounts receivable | 41 | €3,044 | - | -€3,044 | |
| Cash at bank and in hand | 54/58 | €692 | €10,371 | +€9,679 | +1398.5% |
| Deferred charges and accrued income | 490/1 | €725 | €616 | -€109 | -15.0% |
| Total equity and liabilities | 10/49 | €201,283 | €228,856 | +€27,573 | +13.7% |
| Equity | 10/15 | €75,068 | €89,188 | +€14,120 | +18.8% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €5,068 | €19,188 | +€14,120 | +278.6% |
| Distributable reserves | 133 | €5,068 | €19,188 | +€14,120 | +278.6% |
| Amounts payable | 17/49 | €126,215 | €139,668 | +€13,453 | +10.7% |
| Amounts payable after more than one year | 17 | €79,271 | €81,641 | +€2,370 | +3.0% |
| Financial debts | 170/4 | €79,271 | €81,641 | +€2,370 | +3.0% |
| Amounts payable within one year | 42/48 | €46,944 | €58,027 | +€11,083 | +23.6% |
| Current portion of amounts payable after more than one year | 42 | €28,729 | €38,498 | +€9,769 | +34.0% |
| Trade debts | 44 | €12,098 | €9,546 | -€2,553 | -21.1% |
| Suppliers | 440/4 | €12,098 | €9,546 | -€2,553 | -21.1% |
| Taxes, remuneration and social security | 45 | €3,035 | €6,192 | +€3,157 | +104.0% |
| Taxes | 450/3 | €710 | €5,236 | +€4,526 | +637.4% |
| Remuneration and social security | 454/9 | €2,325 | €955 | -€1,369 | -58.9% |
| Other amounts payable | 47/48 | €3,082 | €3,792 | +€710 | +23.0% |
| Non-recurring operating income | 76A | - | €11,849 | +€11,849 | |
| Remuneration, social security and pensions | 62 | €29,339 | €45,223 | +€15,884 | +54.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,391 | €27,469 | +€5,078 | +22.7% |
| Non-recurring operating charges | 66A | €50 | €150 | +€100 | +200.0% |
| Gross operating margin | 9900 | €62,481 | €98,796 | +€36,315 | +58.1% |
| Operating profit (loss) | 9901 | €10,702 | €25,954 | +€15,253 | +142.5% |
| Financial income | 75/76B | €133 | €529 | +€396 | +298.1% |
| Recurring financial income | 75 | €133 | €529 | +€396 | +298.1% |
| Financial charges | 65/66B | €3,810 | €6,632 | +€2,822 | +74.1% |
| Recurring financial charges | 65 | €3,810 | €6,632 | +€2,822 | +74.1% |
| Profit (loss) for the period before taxes | 9903 | €7,025 | €19,852 | +€12,827 | +182.6% |
| Income taxes | 67/77 | €1,956 | €5,732 | +€3,776 | +193.0% |
| Profit (loss) for the period | 9904 | €5,068 | €14,120 | +€9,051 | +178.6% |
| Profit (loss) for the period to be appropriated | 9905 | €5,068 | €14,120 | +€9,051 | +178.6% |
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 3 October 2026 via checked.be.