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
- Tangible fixed assets +€35,915
new in 2025: €35,915
- Cash +€1,776
up €1,776 (+21.2%), from €8,357 to €10,133
mainly Other debts (+€38,964) and Trade debts (+€1,555)
- Deferred charges and accrued income -€1,327
down €1,327 (-39.4%), from €3,365 to €2,038
- Other debts +€38,964
up €38,964 (+400.5%), from €9,729 to €48,693
- Profit (loss) carried forward -€4,031
new in 2025: -€4,031
- Trade debts +€1,555
up €1,555 (+131.4%), from €1,183 to €2,737
- Gross operating margin -€5,013
down €5,013, from €1,798 to -€3,216
- Financial charges -€634
down €634 (-80.3%), from €789 to €156
of which Non-recurring financial charges: -€750
- Other operating charges -€128
down €128 (-16.2%), from €787 to €660
- Taxes -€61
no longer reported in 2025 (was €61)
- Financial income -€40
no longer reported in 2025 (was €40)
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 | €14,211 | €50,932 | +€36,721 | +258.4% |
| Fixed assets | 21/28 | - | €35,915 | +€35,915 | |
| Tangible fixed assets | 22/27 | - | €35,915 | +€35,915 | |
| Plant, machinery and equipment | 23 | - | €35,915 | +€35,915 | |
| Current assets | 29/58 | €14,211 | €15,017 | +€806 | +5.7% |
| Amounts receivable within one year | 40/41 | €2,489 | €2,846 | +€357 | +14.3% |
| Trade receivables | 40 | €2,239 | €2,846 | +€607 | +27.1% |
| Other amounts receivable | 41 | €250 | - | -€250 | |
| Cash at bank and in hand | 54/58 | €8,357 | €10,133 | +€1,776 | +21.2% |
| Deferred charges and accrued income | 490/1 | €3,365 | €2,038 | -€1,327 | -39.4% |
| Total equity and liabilities | 10/49 | €14,211 | €50,932 | +€36,721 | +258.4% |
| Equity | 10/15 | €3,199 | -€831 | -€4,031 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €199 | €199 | = | 0.0% |
| Distributable reserves | 133 | €199 | €199 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€4,031 | -€4,031 | |
| Amounts payable | 17/49 | €11,012 | €51,763 | +€40,752 | +370.1% |
| Amounts payable within one year | 42/48 | €11,012 | €51,763 | +€40,752 | +370.1% |
| Trade debts | 44 | €1,183 | €2,737 | +€1,555 | +131.4% |
| Suppliers | 440/4 | €1,183 | €2,737 | +€1,555 | +131.4% |
| Taxes, remuneration and social security | 45 | €100 | €333 | +€234 | +234.7% |
| Taxes | 450/3 | €100 | €333 | +€234 | +234.7% |
| Other amounts payable | 47/48 | €9,729 | €48,693 | +€38,964 | +400.5% |
| Other operating charges | 640/8 | €787 | €660 | -€128 | -16.2% |
| Gross operating margin | 9900 | €1,798 | -€3,216 | -€5,013 | |
| Operating profit (loss) | 9901 | €1,010 | -€3,875 | -€4,886 | |
| Financial income | 75/76B | €40 | - | -€40 | |
| Recurring financial income | 75 | €40 | - | -€40 | |
| Financial charges | 65/66B | €789 | €156 | -€634 | -80.3% |
| Recurring financial charges | 65 | €39 | €156 | +€116 | +293.9% |
| Non-recurring financial charges | 66B | €750 | - | -€750 | |
| Profit (loss) for the period before taxes | 9903 | €261 | -€4,031 | -€4,291 | |
| Income taxes | 67/77 | €61 | - | -€61 | |
| Profit (loss) for the period | 9904 | €199 | -€4,031 | -€4,230 | |
| Profit (loss) for the period to be appropriated | 9905 | €199 | -€4,031 | -€4,230 |
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 1 October 2026 via checked.be.