VANNEVER: 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.
VANNEVER
Largest movements
- Financial fixed assets +€225,378
new in 2025: €225,378
- Receivables after one year -€184,933
down €184,933 (-59.6%), from €310,436 to €125,503
- Receivables within one year -€41,774
down €41,774 (-63.1%), from €66,176 to €24,402
of which Trade receivables: -€39,930
- Tangible fixed assets -€6,449
down €6,449 (-28.7%), from €22,446 to €15,997
of which Furniture and vehicles: -€9,862
- Other debts +€114,958
up €114,958 (+47.3%), from €243,269 to €358,227
- Reserves -€114,258
down €114,258 (-98.3%), from €116,258 to €2,000
of which Distributable reserves: -€114,258
- Debts after one year -€8,809
down €8,809 (-59.7%), from €14,755 to €5,946
- Taxes +€2,012
up €2,012 (+24.7%), from €8,156 to €10,168
- Gross operating margin -€584
down €584 (-1.4%), from €42,979 to €42,395
- Financial income +€534
up €534 (+8.8%), from €6,087 to €6,621
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.
Derived cash bridge
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 | €429,448 | €419,621 | -€9,827 | -2.3% |
| Fixed assets | 21/28 | €22,446 | €241,375 | +€218,929 | +975% |
| Tangible fixed assets | 22/27 | €22,446 | €15,997 | -€6,449 | -28.7% |
| Furniture and vehicles | 24 | €22,446 | €12,584 | -€9,862 | -43.9% |
| Other tangible fixed assets | 26 | - | €3,413 | +€3,413 | |
| Financial fixed assets | 28 | - | €225,378 | +€225,378 | |
| Current assets | 29/58 | €407,002 | €178,246 | -€228,756 | -56.2% |
| Amounts receivable after more than one year | 29 | €310,436 | €125,503 | -€184,933 | -59.6% |
| Other amounts receivable | 291 | €310,436 | €125,503 | -€184,933 | -59.6% |
| Amounts receivable within one year | 40/41 | €66,176 | €24,402 | -€41,774 | -63.1% |
| Trade receivables | 40 | €64,332 | €24,402 | -€39,930 | -62.1% |
| Other amounts receivable | 41 | €1,844 | €0 | -€1,844 | -100% |
| Cash at bank and in hand | 54/58 | €30,345 | €28,341 | -€2,004 | -6.6% |
| Deferred charges and accrued income | 490/1 | €45 | €0 | -€45 | -100% |
| Total equity and liabilities | 10/49 | €429,448 | €419,621 | -€9,827 | -2.3% |
| Equity | 10/15 | €136,258 | €22,000 | -€114,258 | -83.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €116,258 | €2,000 | -€114,258 | -98.3% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €114,258 | €0 | -€114,258 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €293,190 | €397,621 | +€104,432 | +35.6% |
| Amounts payable after more than one year | 17 | €14,755 | €5,946 | -€8,809 | -59.7% |
| Financial debts | 170/4 | €14,755 | €5,946 | -€8,809 | -59.7% |
| Amounts payable within one year | 42/48 | €278,435 | €391,675 | +€113,241 | +40.7% |
| Current portion of amounts payable after more than one year | 42 | €8,678 | €8,809 | +€131 | +1.5% |
| Trade debts | 44 | €1,082 | €940 | -€142 | -13.1% |
| Suppliers | 440/4 | €1,082 | €940 | -€142 | -13.1% |
| Taxes, remuneration and social security | 45 | €25,406 | €23,700 | -€1,706 | -6.7% |
| Taxes | 450/3 | €5,606 | €23,700 | +€18,094 | +323% |
| Remuneration and social security | 454/9 | €19,800 | €0 | -€19,800 | -100% |
| Other amounts payable | 47/48 | €243,269 | €358,227 | +€114,958 | +47.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,469 | €10,091 | -€377 | -3.6% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | €42,979 | €42,395 | -€584 | -1.4% |
| Operating profit (loss) | 9901 | €31,983 | €31,759 | -€223 | -0.7% |
| Financial income | 75/76B | €6,087 | €6,621 | +€534 | +8.8% |
| Recurring financial income | 75 | €6,087 | €6,621 | +€534 | +8.8% |
| Financial charges | 65/66B | €466 | €377 | -€89 | -19.1% |
| Recurring financial charges | 65 | €466 | €377 | -€89 | -19.1% |
| Profit (loss) for the period before taxes | 9903 | €37,604 | €38,003 | +€400 | +1.1% |
| Income taxes | 67/77 | €8,156 | €10,168 | +€2,012 | +24.7% |
| Profit (loss) for the period | 9904 | €29,448 | €27,835 | -€1,612 | -5.5% |
| Profit (loss) for the period to be appropriated | 9905 | €29,448 | €27,835 | -€1,612 | -5.5% |
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 15 October 2026 via checked.be.