VANLO: 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.
VANLO
Largest movements
- Cash +€7,355
up €7,355 (+32.0%), from €22,969 to €30,324
mainly Net result for the year (+€11,055) and Deferred charges and accrued income (+€4,000)
- Deferred charges and accrued income -€4,000
down €4,000 (-100.0%), from €4,000 to €0
- Tangible fixed assets -€1,744
down €1,744 (-1.9%), from €91,102 to €89,359
- Reserves +€11,055
up €11,055 (+15.8%), from €69,870 to €80,925
- Debts after one year -€10,000
down €10,000 (-42.9%), from €23,334 to €13,334
- Gross operating margin -€3,553
down €3,553 (-12.8%), from €27,730 to €24,177
- Taxes -€1,311
down €1,311 (-20.3%), from €6,471 to €5,159
- Financial charges -€588
down €588 (-20.0%), from €2,938 to €2,350
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 | €122,574 | €124,186 | +€1,611 | +1.3% |
| Fixed assets | 21/28 | €91,102 | €89,359 | -€1,744 | -1.9% |
| Tangible fixed assets | 22/27 | €91,102 | €89,359 | -€1,744 | -1.9% |
| Land and buildings | 22 | €91,102 | €89,359 | -€1,744 | -1.9% |
| Current assets | 29/58 | €31,472 | €34,827 | +€3,355 | +10.7% |
| Amounts receivable within one year | 40/41 | €4,503 | €4,503 | = | 0.0% |
| Other amounts receivable | 41 | €4,503 | €4,503 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €22,969 | €30,324 | +€7,355 | +32.0% |
| Deferred charges and accrued income | 490/1 | €4,000 | €0 | -€4,000 | -100.0% |
| Total equity and liabilities | 10/49 | €122,574 | €124,186 | +€1,611 | +1.3% |
| Equity | 10/15 | €69,879 | €80,934 | +€11,055 | +15.8% |
| Reserves | 13 | €69,870 | €80,925 | +€11,055 | +15.8% |
| Distributable reserves | 133 | €69,870 | €80,925 | +€11,055 | +15.8% |
| Profit (loss) carried forward | 14 | €9 | €9 | = | 0.0% |
| Amounts payable | 17/49 | €52,695 | €43,251 | -€9,444 | -17.9% |
| Amounts payable after more than one year | 17 | €23,334 | €13,334 | -€10,000 | -42.9% |
| Financial debts | 170/4 | €23,334 | €13,334 | -€10,000 | -42.9% |
| Amounts payable within one year | 42/48 | €27,869 | €28,245 | +€376 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | €10,000 | €10,000 | = | 0.0% |
| Trade debts | 44 | €243 | €460 | +€217 | +89.3% |
| Suppliers | 440/4 | €243 | €460 | +€217 | +89.3% |
| Taxes, remuneration and social security | 45 | €6,471 | €6,630 | +€159 | +2.5% |
| Taxes | 450/3 | €6,471 | €6,630 | +€159 | +2.5% |
| Other amounts payable | 47/48 | €11,155 | €11,155 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,493 | €1,673 | +€180 | +12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,918 | €1,744 | -€174 | -9.1% |
| Other operating charges | 640/8 | €3,761 | €3,869 | +€109 | +2.9% |
| Gross operating margin | 9900 | €27,730 | €24,177 | -€3,553 | -12.8% |
| Operating profit (loss) | 9901 | €22,052 | €18,564 | -€3,487 | -15.8% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €2,938 | €2,350 | -€588 | -20.0% |
| Recurring financial charges | 65 | €2,938 | €2,350 | -€588 | -20.0% |
| Profit (loss) for the period before taxes | 9903 | €19,114 | €16,215 | -€2,899 | -15.2% |
| Income taxes | 67/77 | €6,471 | €5,159 | -€1,311 | -20.3% |
| Profit (loss) for the period | 9904 | €12,643 | €11,055 | -€1,588 | -12.6% |
| Profit (loss) for the period to be appropriated | 9905 | €12,643 | €11,055 | -€1,588 | -12.6% |
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 28 September 2026 via checked.be.