VanMor: 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.
VanMor
Largest movements
- Cash -€19,904
down €19,904 (-10.8%), from €184,618 to €164,714
mainly Net result for the year (-€26,596) and Investment in fixed assets (net) (-€4,892)
- Tangible fixed assets -€7,481
down €7,481 (-20.1%), from €37,217 to €29,736
of which Furniture and vehicles: -€3,884
- Profit (loss) carried forward -€26,596
down €26,596 (-90.1%), from -€29,531 to -€56,127
- Gross operating margin -€13,115
down €13,115 (-3150.9%), from -€416 to -€13,531
- Staff costs -€12,540
no longer reported in 2025 (was €12,540)
- Depreciation -€2,028
down €2,028 (-14.1%), from €14,400 to €12,373
- Financial charges -€638
down €638 (-69.3%), from €920 to €282
- Financial income -€169
down €169 (-83.0%), from €204 to €35
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 | €223,063 | €196,653 | -€26,410 | -11.8% |
| Fixed assets | 21/28 | €37,217 | €29,736 | -€7,481 | -20.1% |
| Tangible fixed assets | 22/27 | €37,217 | €29,736 | -€7,481 | -20.1% |
| Furniture and vehicles | 24 | €5,431 | €1,547 | -€3,884 | -71.5% |
| Other tangible fixed assets | 26 | €31,786 | €28,189 | -€3,596 | -11.3% |
| Current assets | 29/58 | €185,847 | €166,917 | -€18,930 | -10.2% |
| Amounts receivable within one year | 40/41 | €1,057 | €2,025 | +€968 | +91.5% |
| Other amounts receivable | 41 | €1,057 | €2,025 | +€968 | +91.5% |
| Cash at bank and in hand | 54/58 | €184,618 | €164,714 | -€19,904 | -10.8% |
| Deferred charges and accrued income | 490/1 | €171 | €179 | +€7 | +4.2% |
| Total equity and liabilities | 10/49 | €223,063 | €196,653 | -€26,410 | -11.8% |
| Equity | 10/15 | €222,747 | €196,151 | -€26,596 | -11.9% |
| Contributions | 10/11 | €8,055 | €8,055 | = | 0.0% |
| Reserves | 13 | €244,223 | €244,223 | = | 0.0% |
| Distributable reserves | 133 | €244,223 | €244,223 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,531 | -€56,127 | -€26,596 | -90.1% |
| Amounts payable | 17/49 | €317 | €502 | +€185 | +58.5% |
| Amounts payable within one year | 42/48 | €317 | €502 | +€185 | +58.5% |
| Trade debts | 44 | €302 | €502 | +€200 | +66.4% |
| Suppliers | 440/4 | €302 | €502 | +€200 | +66.4% |
| Taxes, remuneration and social security | 45 | €15 | - | -€15 | |
| Taxes | 450/3 | €15 | - | -€15 | |
| Remuneration, social security and pensions | 62 | €12,540 | - | -€12,540 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,400 | €12,373 | -€2,028 | -14.1% |
| Other operating charges | 640/8 | €387 | €443 | +€56 | +14.5% |
| Non-recurring operating charges | 66A | €904 | - | -€904 | |
| Gross operating margin | 9900 | -€416 | -€13,531 | -€13,115 | -3150.9% |
| Operating profit (loss) | 9901 | -€28,648 | -€26,347 | +€2,301 | +8.0% |
| Financial income | 75/76B | €204 | €35 | -€169 | -83.0% |
| Recurring financial income | 75 | €204 | €35 | -€169 | -83.0% |
| Financial charges | 65/66B | €920 | €282 | -€638 | -69.3% |
| Recurring financial charges | 65 | €920 | €282 | -€638 | -69.3% |
| Profit (loss) for the period before taxes | 9903 | -€29,364 | -€26,594 | +€2,770 | +9.4% |
| Income taxes | 67/77 | €167 | €1 | -€166 | -99.3% |
| Profit (loss) for the period | 9904 | -€29,531 | -€26,596 | +€2,936 | +9.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,531 | -€26,596 | +€2,936 | +9.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.