Vanno: 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.
Vanno
Largest movements
- Tangible fixed assets -€5,840
down €5,840 (-6.3%), from €92,510 to €86,670
of which Land and buildings: -€5,060
- Cash +€1,414
up €1,414 (+8.4%), from €16,862 to €18,276
mainly Depreciation (+€5,840) and Net result for the year (+€2,933)
- Debts after one year -€8,000
down €8,000 (-18.4%), from €43,592 to €35,592
- Profit (loss) carried forward +€2,933
up €2,933 (+61.4%), from -€4,773 to -€1,840
- Purchases and services -€14,639
no longer reported in 2025 (was €14,639)
- Gross operating margin +€3,130
up €3,130 (+25.9%), from €12,065 to €15,195
- Other operating charges +€539
up €539 (+14.4%), from €3,736 to €4,275
- Financial income +€206
up €206 (+28.6%), from €721 to €927
- Financial charges +€157
up €157 (+5.4%), from €2,894 to €3,051
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 | €124,230 | €119,163 | -€5,067 | -4.1% |
| Fixed assets | 21/28 | €92,510 | €86,670 | -€5,840 | -6.3% |
| Tangible fixed assets | 22/27 | €92,510 | €86,670 | -€5,840 | -6.3% |
| Land and buildings | 22 | €91,339 | €86,280 | -€5,060 | -5.5% |
| Plant, machinery and equipment | 23 | €675 | €143 | -€532 | -78.8% |
| Other tangible fixed assets | 26 | €495 | €248 | -€248 | -50.0% |
| Current assets | 29/58 | €31,720 | €32,493 | +€773 | +2.4% |
| Amounts receivable within one year | 40/41 | €13,753 | €14,217 | +€465 | +3.4% |
| Other amounts receivable | 41 | €13,753 | €14,217 | +€465 | +3.4% |
| Cash at bank and in hand | 54/58 | €16,862 | €18,276 | +€1,414 | +8.4% |
| Deferred charges and accrued income | 490/1 | €1,106 | €0 | -€1,106 | -100.0% |
| Total equity and liabilities | 10/49 | €124,230 | €119,163 | -€5,067 | -4.1% |
| Equity | 10/15 | €80,638 | €83,571 | +€2,933 | +3.6% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €10,412 | €10,412 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,412 | €10,412 | = | 0.0% |
| Legal reserve | 130 | €10,412 | €10,412 | = | 0.0% |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€4,773 | -€1,840 | +€2,933 | +61.4% |
| Amounts payable | 17/49 | €43,592 | €35,592 | -€8,000 | -18.4% |
| Amounts payable after more than one year | 17 | €43,592 | €35,592 | -€8,000 | -18.4% |
| Financial debts | 170/4 | €43,592 | €35,592 | -€8,000 | -18.4% |
| Amounts payable within one year | 42/48 | €0 | - | = | |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €14,639 | - | -€14,639 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,857 | €5,840 | -€18 | -0.3% |
| Other operating charges | 640/8 | €3,736 | €4,275 | +€539 | +14.4% |
| Gross operating margin | 9900 | €12,065 | €15,195 | +€3,130 | +25.9% |
| Operating profit (loss) | 9901 | €2,471 | €5,080 | +€2,609 | +105.6% |
| Financial income | 75/76B | €721 | €927 | +€206 | +28.6% |
| Recurring financial income | 75 | €721 | €927 | +€206 | +28.6% |
| Financial charges | 65/66B | €2,894 | €3,051 | +€157 | +5.4% |
| Recurring financial charges | 65 | €2,894 | €3,051 | +€157 | +5.4% |
| Profit (loss) for the period before taxes | 9903 | €298 | €2,956 | +€2,659 | +892.6% |
| Income taxes | 67/77 | - | €23 | +€23 | |
| Profit (loss) for the period | 9904 | €298 | €2,933 | +€2,635 | +884.8% |
| Profit (loss) for the period to be appropriated | 9905 | €298 | €2,933 | +€2,635 | +884.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.