Vanko: what changed
What changed
Vanko
NACE 47.252, Retail sale of beverages, general range
filed annual accounts (NBB)
Net result for the year
€391,798
2024 · €256,963+€134,836
Equity
€1.3m
2024 · €1.1m+€160,941
Cash
€570,291
2024 · €384,534+€185,757
Balance sheet total
€4.4m
2024 · €3.5m+€822,411
Largest movements
Assets
- Receivables within one year +€475,549
up €475,549 (+49.4%), from €963,626 to €1.4m
of which Other amounts receivable: +€277,632
- Cash +€185,757
up €185,757 (+48.3%), from €384,534 to €570,291
mainly Net result for the year (+€391,798) and Other debts (+€196,879)
- Tangible fixed assets +€90,361
up €90,361 (+14.6%), from €620,780 to €711,141
of which Furniture and vehicles: +€102,141
- Stocks and contracts +€63,683
up €63,683 (+4.6%), from €1.4m to €1.5m
Equity and liabilities
- Other debts +€196,879
up €196,879 (+113%), from €174,152 to €371,031
- Profit (loss) carried forward +€160,941
up €160,941 (+40.7%), from €395,550 to €556,492
- Debts after one year +€146,359
up €146,359 (+29.2%), from €500,742 to €647,101
of which Financial debts: +€93,499
- Short-term financial debts +€115,668
up €115,668 (+22.3%), from €519,102 to €634,771
- Trade debts +€107,296
up €107,296 (+11.5%), from €936,901 to €1.0m
Income statement
- Gross operating margin +€295,811
up €295,811 (+18.2%), from €1.6m to €1.9m
- Taxes +€65,925
up €65,925 (+263%), from €25,097 to €91,022
- Staff costs +€53,054
up €53,054 (+5.5%), from €957,461 to €1.0m
- Other operating charges +€30,577
up €30,577 (+35.1%), from €87,216 to €117,793
- Financial charges -€23,824
down €23,824 (-24.5%), from €97,394 to €73,570
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€256,963
Gross operating margin
+€295,811
Staff costs
-€53,054
Depreciation
-€15,787
Write-downs
-€16,344
Other operating charges
-€30,577
Other operating items
-€2,860
Financial income
-€253
Financial charges
+€23,824
Taxes
-€65,925
Result 2025
€391,798
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€373,060
Investment
-€271,128
Financing
+€83,825
Cash 2024
€384,534
From operations (derived)
+€373,060
Net result for the year
+€391,798
Depreciation
+€166,350
Stocks and contracts
-€63,683
Receivables within one year
-€475,549
Deferred charges and accrued income
+€7,356
Trade debts
+€107,296
Tax, wage and social debts
+€47,458
Advances received
+€1,710
Other debts
+€196,879
Accrued charges and deferred income
-€6,555
Investment (derived)
-€271,128
Investment in fixed assets (net)
-€271,128
Financing
+€83,825
Debts after one year
+€146,359
Current portion of long-term debt
+€52,654
Short-term financial debts
+€115,668
Contributions, distributions and other
-€230,857
Cash 2025
€570,291
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,541,694 | €4,364,105 | +€822,411 | +23.2% |
| Fixed assets | 21/28 | €776,970 | €881,747 | +€104,778 | +13.5% |
| Intangible fixed assets | 21 | €27,630 | €36,647 | +€9,017 | +32.6% |
| Tangible fixed assets | 22/27 | €620,780 | €711,141 | +€90,361 | +14.6% |
| Land and buildings | 22 | €380,894 | €369,675 | -€11,219 | -2.9% |
| Plant, machinery and equipment | 23 | €18,542 | €17,981 | -€562 | -3.0% |
| Furniture and vehicles | 24 | €221,344 | €323,485 | +€102,141 | +46.1% |
| Financial fixed assets | 28 | €128,560 | €133,960 | +€5,400 | +4.2% |
| Current assets | 29/58 | €2,764,724 | €3,482,358 | +€717,634 | +26.0% |
| Stocks and contracts in progress | 3 | €1,387,393 | €1,451,075 | +€63,683 | +4.6% |
| Stocks | 30/36 | €1,387,393 | €1,451,075 | +€63,683 | +4.6% |
| Amounts receivable within one year | 40/41 | €963,626 | €1,439,175 | +€475,549 | +49.4% |
| Trade receivables | 40 | €712,059 | €909,977 | +€197,918 | +27.8% |
| Other amounts receivable | 41 | €251,566 | €529,198 | +€277,632 | +110% |
| Cash at bank and in hand | 54/58 | €384,534 | €570,291 | +€185,757 | +48.3% |
| Deferred charges and accrued income | 490/1 | €29,172 | €21,816 | -€7,356 | -25.2% |
| Total equity and liabilities | 10/49 | €3,541,694 | €4,364,105 | +€822,411 | +23.2% |
| Equity | 10/15 | €1,108,970 | €1,269,912 | +€160,941 | +14.5% |
| Contributions | 10/11 | €62,200 | €62,200 | = | 0.0% |
| Reserves | 13 | €651,220 | €651,220 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,220 | €6,220 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,220 | €6,220 | = | 0.0% |
| Distributable reserves | 133 | €645,000 | €645,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €395,550 | €556,492 | +€160,941 | +40.7% |
| Amounts payable | 17/49 | €2,432,723 | €3,094,194 | +€661,470 | +27.2% |
| Amounts payable after more than one year | 17 | €500,742 | €647,101 | +€146,359 | +29.2% |
| Financial debts | 170/4 | €431,986 | €525,485 | +€93,499 | +21.6% |
| Other amounts payable | 178/9 | €68,756 | €121,616 | +€52,860 | +76.9% |
| Amounts payable within one year | 42/48 | €1,925,427 | €2,447,092 | +€521,666 | +27.1% |
| Current portion of amounts payable after more than one year | 42 | €120,528 | €173,183 | +€52,654 | +43.7% |
| Financial debts | 43 | €519,102 | €634,771 | +€115,668 | +22.3% |
| Credit institutions | 430/8 | €519,102 | €634,771 | +€115,668 | +22.3% |
| Trade debts | 44 | €936,901 | €1,044,197 | +€107,296 | +11.5% |
| Suppliers | 440/4 | €936,901 | €1,044,197 | +€107,296 | +11.5% |
| Advances received on contracts in progress | 46 | - | €1,710 | +€1,710 | |
| Taxes, remuneration and social security | 45 | €174,743 | €222,201 | +€47,458 | +27.2% |
| Taxes | 450/3 | €55,672 | €108,594 | +€52,923 | +95.1% |
| Remuneration and social security | 454/9 | €119,071 | €113,607 | -€5,464 | -4.6% |
| Other amounts payable | 47/48 | €174,152 | €371,031 | +€196,879 | +113% |
| Accrued charges and deferred income | 492/3 | €6,555 | €0 | -€6,555 | -100% |
| Non-recurring operating income | 76A | €0 | €5,158 | +€5,158 | |
| Remuneration, social security and pensions | 62 | €957,461 | €1,010,515 | +€53,054 | +5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €150,564 | €166,350 | +€15,787 | +10.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €53,724 | €70,068 | +€16,344 | +30.4% |
| Other operating charges | 640/8 | €87,216 | €117,793 | +€30,577 | +35.1% |
| Non-recurring operating charges | 66A | - | €2,860 | +€2,860 | |
| Gross operating margin | 9900 | €1,628,130 | €1,923,941 | +€295,811 | +18.2% |
| Operating profit (loss) | 9901 | €379,164 | €556,354 | +€177,190 | +46.7% |
| Financial income | 75/76B | €290 | €36 | -€253 | -87.5% |
| Recurring financial income | 75 | €290 | €36 | -€253 | -87.5% |
| Financial charges | 65/66B | €97,394 | €73,570 | -€23,824 | -24.5% |
| Recurring financial charges | 65 | €97,394 | €73,570 | -€23,824 | -24.5% |
| Profit (loss) for the period before taxes | 9903 | €282,060 | €482,821 | +€200,761 | +71.2% |
| Income taxes | 67/77 | €25,097 | €91,022 | +€65,925 | +263% |
| Profit (loss) for the period | 9904 | €256,963 | €391,798 | +€134,836 | +52.5% |
| Profit (loss) for the period to be appropriated | 9905 | €256,963 | €391,798 | +€134,836 | +52.5% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.