VANNOX HEATING: 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.
VANNOX HEATING
Largest movements
- Tangible fixed assets +€41,949
up €41,949 (+112.8%), from €37,180 to €79,129
of which Furniture and vehicles: +€42,704
- Receivables within one year -€21,359
down €21,359 (-7.6%), from €281,623 to €260,264
of which Trade receivables: -€20,226
- Deferred charges and accrued income -€6,537
down €6,537 (-40.2%), from €16,246 to €9,709
- Trade debts -€40,887
down €40,887 (-17.5%), from €232,982 to €192,096
- Debts after one year +€21,455
up €21,455 (+94.3%), from €22,761 to €44,216
- Tax, wage and social debts +€18,776
up €18,776 (+53.8%), from €34,907 to €53,683
of which Taxes: +€18,855
- Short-term financial debts +€9,169
up €9,169 (+419.4%), from €2,186 to €11,355
- Other operating charges -€12,366
down €12,366 (-86.4%), from €14,310 to €1,945
- Gross operating margin -€6,487
down €6,487 (-3.8%), from €172,089 to €165,602
- Financial income -€4,337
down €4,337 (-100.0%), from €4,337 to €0
- Financial charges -€3,182
down €3,182 (-42.9%), from €7,419 to €4,237
- Depreciation +€2,199
up €2,199 (+10.2%), from €21,652 to €23,851
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 | €374,270 | €385,249 | +€10,979 | +2.9% |
| Fixed assets | 21/28 | €37,180 | €79,129 | +€41,949 | +112.8% |
| Tangible fixed assets | 22/27 | €37,180 | €79,129 | +€41,949 | +112.8% |
| Plant, machinery and equipment | 23 | €1,307 | €552 | -€755 | -57.8% |
| Furniture and vehicles | 24 | €35,873 | €78,577 | +€42,704 | +119.0% |
| Current assets | 29/58 | €337,090 | €306,120 | -€30,970 | -9.2% |
| Stocks and contracts in progress | 3 | €34,832 | €31,405 | -€3,427 | -9.8% |
| Stocks | 30/36 | €34,832 | €31,405 | -€3,427 | -9.8% |
| Amounts receivable within one year | 40/41 | €281,623 | €260,264 | -€21,359 | -7.6% |
| Trade receivables | 40 | €197,362 | €177,136 | -€20,226 | -10.2% |
| Other amounts receivable | 41 | €84,261 | €83,127 | -€1,133 | -1.3% |
| Cash at bank and in hand | 54/58 | €4,390 | €4,743 | +€353 | +8.0% |
| Deferred charges and accrued income | 490/1 | €16,246 | €9,709 | -€6,537 | -40.2% |
| Total equity and liabilities | 10/49 | €374,270 | €385,249 | +€10,979 | +2.9% |
| Equity | 10/15 | €56,369 | €57,298 | +€928 | +1.6% |
| Contributions | 10/11 | €9,304 | €9,304 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,205 | €46,134 | +€928 | +2.1% |
| Amounts payable | 17/49 | €317,901 | €327,951 | +€10,051 | +3.2% |
| Amounts payable after more than one year | 17 | €22,761 | €44,216 | +€21,455 | +94.3% |
| Financial debts | 170/4 | €22,761 | €44,216 | +€21,455 | +94.3% |
| Amounts payable within one year | 42/48 | €294,521 | €283,208 | -€11,313 | -3.8% |
| Current portion of amounts payable after more than one year | 42 | €24,446 | €26,075 | +€1,629 | +6.7% |
| Financial debts | 43 | €2,186 | €11,355 | +€9,169 | +419.4% |
| Credit institutions | 430/8 | €2,186 | €11,355 | +€9,169 | +419.4% |
| Trade debts | 44 | €232,982 | €192,096 | -€40,887 | -17.5% |
| Suppliers | 440/4 | €232,982 | €192,096 | -€40,887 | -17.5% |
| Taxes, remuneration and social security | 45 | €34,907 | €53,683 | +€18,776 | +53.8% |
| Taxes | 450/3 | €14,506 | €33,361 | +€18,855 | +130.0% |
| Remuneration and social security | 454/9 | €20,401 | €20,322 | -€79 | -0.4% |
| Accrued charges and deferred income | 492/3 | €618 | €527 | -€91 | -14.8% |
| Remuneration, social security and pensions | 62 | €130,554 | €129,304 | -€1,249 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,652 | €23,851 | +€2,199 | +10.2% |
| Other operating charges | 640/8 | €14,310 | €1,945 | -€12,366 | -86.4% |
| Gross operating margin | 9900 | €172,089 | €165,602 | -€6,487 | -3.8% |
| Operating profit (loss) | 9901 | €5,573 | €10,502 | +€4,929 | +88.4% |
| Financial income | 75/76B | €4,337 | €0 | -€4,337 | -100.0% |
| Recurring financial income | 75 | €4,337 | €0 | -€4,337 | -100.0% |
| Financial charges | 65/66B | €7,419 | €4,237 | -€3,182 | -42.9% |
| Recurring financial charges | 65 | €7,419 | €4,237 | -€3,182 | -42.9% |
| Profit (loss) for the period before taxes | 9903 | €2,491 | €6,265 | +€3,774 | +151.5% |
| Income taxes | 67/77 | €4,551 | €5,337 | +€786 | +17.3% |
| Profit (loss) for the period | 9904 | -€2,060 | €928 | +€2,988 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,060 | €928 | +€2,988 |
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.