VANKO: 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.
VANKO
Largest movements
- Cash +€23,042
up €23,042 (+24.5%), from €93,978 to €117,020
mainly Net result for the year (+€40,987) and Depreciation (+€8,994)
- Tangible fixed assets -€8,994
down €8,994 (-78.6%), from €11,439 to €2,445
of which Furniture and vehicles: -€8,502
- Receivables within one year +€3,679
up €3,679 (+17.4%), from €21,100 to €24,779
of which Other amounts receivable: +€7,070
- Profit (loss) carried forward +€33,251
no longer reported in 2025 (was -€33,251)
- Advances received -€15,226
no longer reported in 2025 (was €15,226)
- Current portion of long-term debt -€8,797
no longer reported in 2025 (was €8,797)
- Reserves +€3,876
up €3,876 (+3.9%), from €99,396 to €103,271
of which Distributable reserves: +€13,184
- Trade debts +€3,352
up €3,352 (+287.9%), from €1,164 to €4,516
- Gross operating margin +€8,446
up €8,446 (+15.1%), from €55,985 to €64,431
- Taxes +€2,964
up €2,964 (+18.9%), from €15,658 to €18,622
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 | €129,679 | €147,458 | +€17,779 | +13.7% |
| Fixed assets | 21/28 | €13,958 | €4,964 | -€8,994 | -64.4% |
| Tangible fixed assets | 22/27 | €11,439 | €2,445 | -€8,994 | -78.6% |
| Plant, machinery and equipment | 23 | €112 | - | -€112 | |
| Furniture and vehicles | 24 | €9,427 | €925 | -€8,502 | -90.2% |
| Other tangible fixed assets | 26 | €1,900 | €1,520 | -€380 | -20.0% |
| Financial fixed assets | 28 | €2,519 | €2,519 | = | 0.0% |
| Current assets | 29/58 | €115,721 | €142,494 | +€26,774 | +23.1% |
| Amounts receivable within one year | 40/41 | €21,100 | €24,779 | +€3,679 | +17.4% |
| Trade receivables | 40 | €3,391 | - | -€3,391 | |
| Other amounts receivable | 41 | €17,709 | €24,779 | +€7,070 | +39.9% |
| Cash at bank and in hand | 54/58 | €93,978 | €117,020 | +€23,042 | +24.5% |
| Deferred charges and accrued income | 490/1 | €643 | €695 | +€52 | +8.1% |
| Total equity and liabilities | 10/49 | €129,679 | €147,458 | +€17,779 | +13.7% |
| Equity | 10/15 | €91,513 | €128,640 | +€37,127 | +40.6% |
| Contributions | 10/11 | €25,368 | €25,368 | = | 0.0% |
| Reserves | 13 | €99,396 | €103,271 | +€3,876 | +3.9% |
| Tax-exempt reserves | 132 | €9,308 | - | -€9,308 | |
| Distributable reserves | 133 | €90,088 | €103,271 | +€13,184 | +14.6% |
| Profit (loss) carried forward | 14 | -€33,251 | - | +€33,251 | |
| Amounts payable | 17/49 | €38,166 | €18,819 | -€19,347 | -50.7% |
| Amounts payable within one year | 42/48 | €38,166 | €18,399 | -€19,767 | -51.8% |
| Current portion of amounts payable after more than one year | 42 | €8,797 | - | -€8,797 | |
| Trade debts | 44 | €1,164 | €4,516 | +€3,352 | +287.9% |
| Suppliers | 440/4 | €1,164 | €4,516 | +€3,352 | +287.9% |
| Advances received on contracts in progress | 46 | €15,226 | - | -€15,226 | |
| Taxes, remuneration and social security | 45 | €12,979 | €13,883 | +€903 | +7.0% |
| Taxes | 450/3 | €12,979 | €13,883 | +€903 | +7.0% |
| Accrued charges and deferred income | 492/3 | - | €420 | +€420 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,151 | €8,994 | -€157 | -1.7% |
| Other operating charges | 640/8 | €676 | €977 | +€301 | +44.6% |
| Gross operating margin | 9900 | €55,985 | €64,431 | +€8,446 | +15.1% |
| Operating profit (loss) | 9901 | €46,158 | €54,459 | +€8,301 | +18.0% |
| Financial income | 75/76B | €810 | €1,335 | +€525 | +64.8% |
| Recurring financial income | 75 | €810 | €1,335 | +€525 | +64.8% |
| Financial charges | 65/66B | €368 | €45 | -€323 | -87.8% |
| Recurring financial charges | 65 | €368 | €45 | -€323 | -87.8% |
| Profit (loss) for the period before taxes | 9903 | €46,601 | €55,749 | +€9,148 | +19.6% |
| Transfer from deferred taxes | 780 | - | €3,860 | +€3,860 | |
| Income taxes | 67/77 | €15,658 | €18,622 | +€2,964 | +18.9% |
| Profit (loss) for the period | 9904 | €30,942 | €40,987 | +€10,045 | +32.5% |
| Transfer from tax-exempt reserves | 789 | - | €5,448 | +€5,448 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,942 | €46,435 | +€15,493 | +50.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.