VANNIES: 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.
VANNIES
Largest movements
- Cash +€96,474
up €96,474 (+162%), from €59,382 to €155,855
mainly Net result for the year (+€101,716) and Depreciation (+€9,368)
- Receivables within one year +€20,980
up €20,980 (+60.8%), from €34,490 to €55,470
- Tangible fixed assets -€9,368
down €9,368 (-28.9%), from €32,418 to €23,050
- Reserves +€100,116
up €100,116 (+63.4%), from €157,950 to €258,066
- Tax, wage and social debts +€9,290
up €9,290 (+13.2%), from €70,356 to €79,645
- Gross operating margin +€31,224
up €31,224 (+26.1%), from €119,780 to €151,004
- Taxes +€10,965
up €10,965 (+36.3%), from €30,224 to €41,189
- Financial income +€2,658
up €2,658 (+830%), from €320 to €2,978
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 | €252,021 | €360,120 | +€108,100 | +42.9% |
| Fixed assets | 21/28 | €32,418 | €23,050 | -€9,368 | -28.9% |
| Tangible fixed assets | 22/27 | €32,418 | €23,050 | -€9,368 | -28.9% |
| Furniture and vehicles | 24 | €32,418 | €23,050 | -€9,368 | -28.9% |
| Current assets | 29/58 | €219,603 | €337,070 | +€117,468 | +53.5% |
| Amounts receivable within one year | 40/41 | €34,490 | €55,470 | +€20,980 | +60.8% |
| Trade receivables | 40 | €34,490 | €55,470 | +€20,980 | +60.8% |
| Current investments | 50/53 | €124,756 | €124,756 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €59,382 | €155,855 | +€96,474 | +162% |
| Deferred charges and accrued income | 490/1 | €976 | €989 | +€14 | +1.4% |
| Total equity and liabilities | 10/49 | €252,021 | €360,120 | +€108,100 | +42.9% |
| Equity | 10/15 | €158,950 | €259,066 | +€100,116 | +63.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Contributions outside capital | 11 | €1,000 | - | -€1,000 | |
| Other | 1109/19 | €1,000 | - | -€1,000 | |
| Reserves | 13 | €157,950 | €258,066 | +€100,116 | +63.4% |
| Distributable reserves | 133 | €157,950 | €258,066 | +€100,116 | +63.4% |
| Amounts payable | 17/49 | €93,070 | €101,054 | +€7,984 | +8.6% |
| Amounts payable after more than one year | 17 | €19,915 | €18,393 | -€1,522 | -7.6% |
| Other amounts payable | 178/9 | €19,915 | €18,393 | -€1,522 | -7.6% |
| Amounts payable within one year | 42/48 | €72,035 | €81,324 | +€9,290 | +12.9% |
| Trade debts | 44 | €79 | €79 | = | 0.0% |
| Suppliers | 440/4 | €79 | €79 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €70,356 | €79,645 | +€9,290 | +13.2% |
| Taxes | 450/3 | €70,356 | €79,645 | +€9,290 | +13.2% |
| Other amounts payable | 47/48 | €1,600 | €1,600 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,121 | €1,337 | +€216 | +19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,368 | €9,368 | = | 0.0% |
| Other operating charges | 640/8 | €290 | €270 | -€21 | -7.2% |
| Gross operating margin | 9900 | €119,780 | €151,004 | +€31,224 | +26.1% |
| Operating profit (loss) | 9901 | €110,122 | €141,367 | +€31,245 | +28.4% |
| Financial income | 75/76B | €320 | €2,978 | +€2,658 | +830% |
| Recurring financial income | 75 | €320 | €2,978 | +€2,658 | +830% |
| Financial charges | 65/66B | €1,932 | €1,440 | -€492 | -25.5% |
| Recurring financial charges | 65 | €1,932 | €1,440 | -€492 | -25.5% |
| Profit (loss) for the period before taxes | 9903 | €108,510 | €142,905 | +€34,395 | +31.7% |
| Income taxes | 67/77 | €30,224 | €41,189 | +€10,965 | +36.3% |
| Profit (loss) for the period | 9904 | €78,286 | €101,716 | +€23,430 | +29.9% |
| Profit (loss) for the period to be appropriated | 9905 | €78,286 | €101,716 | +€23,430 | +29.9% |
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 19 October 2026 via checked.be.