VANLE: 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.
VANLE
Largest movements
- Tangible fixed assets -€4,839
down €4,839 (-4.3%), from €113,579 to €108,740
- Cash +€1,732
up €1,732 (+36.0%), from €4,816 to €6,549
mainly Depreciation (+€4,839) and Trade debts (+€2,683)
- Reserves -€7,562
down €7,562 (-42.9%), from €17,609 to €10,047
of which Distributable reserves: -€7,562
- Trade debts +€2,683
new in 2025: €2,683
- Other debts +€1,795
up €1,795 (+139.4%), from €1,288 to €3,082
- Gross operating margin -€9,539
down €9,539 (-96.7%), from €9,861 to €322
- Depreciation -€8,592
down €8,592 (-64.0%), from €13,430 to €4,839
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 | €118,897 | €115,813 | -€3,084 | -2.6% |
| Fixed assets | 21/28 | €113,579 | €108,740 | -€4,839 | -4.3% |
| Tangible fixed assets | 22/27 | €113,579 | €108,740 | -€4,839 | -4.3% |
| Land and buildings | 22 | €113,579 | €108,740 | -€4,839 | -4.3% |
| Current assets | 29/58 | €5,318 | €7,073 | +€1,755 | +33.0% |
| Cash at bank and in hand | 54/58 | €4,816 | €6,549 | +€1,732 | +36.0% |
| Deferred charges and accrued income | 490/1 | €502 | €524 | +€22 | +4.4% |
| Total equity and liabilities | 10/49 | €118,897 | €115,813 | -€3,084 | -2.6% |
| Equity | 10/15 | €117,609 | €110,047 | -€7,562 | -6.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €17,609 | €10,047 | -€7,562 | -42.9% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €26 | €26 | = | 0.0% |
| Distributable reserves | 133 | €7,583 | €21 | -€7,562 | -99.7% |
| Amounts payable | 17/49 | €1,288 | €5,766 | +€4,478 | +347.7% |
| Amounts payable within one year | 42/48 | €1,288 | €5,766 | +€4,478 | +347.7% |
| Trade debts | 44 | - | €2,683 | +€2,683 | |
| Suppliers | 440/4 | - | €2,683 | +€2,683 | |
| Other amounts payable | 47/48 | €1,288 | €3,082 | +€1,795 | +139.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,430 | €4,839 | -€8,592 | -64.0% |
| Other operating charges | 640/8 | €2,891 | €2,989 | +€98 | +3.4% |
| Gross operating margin | 9900 | €9,861 | €322 | -€9,539 | -96.7% |
| Operating profit (loss) | 9901 | -€6,461 | -€7,506 | -€1,045 | -16.2% |
| Financial charges | 65/66B | €52 | €56 | +€5 | +8.7% |
| Recurring financial charges | 65 | €52 | €56 | +€5 | +8.7% |
| Profit (loss) for the period before taxes | 9903 | -€6,512 | -€7,562 | -€1,050 | -16.1% |
| Profit (loss) for the period | 9904 | -€6,512 | -€7,562 | -€1,050 | -16.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,512 | -€7,562 | -€1,050 | -16.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.