VANNU: 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.
VANNU
Largest movements
- Cash +€81,352
up €81,352 (+163%), from €49,970 to €131,322
mainly Net result for the year (+€74,273) and Debts after one year (+€28,977)
- Tangible fixed assets +€60,762
new in 2025: €60,762
- Deferred charges and accrued income +€2,461
up €2,461 (+235%), from €1,049 to €3,510
- Reserves +€74,000
up €74,000 (+296%), from €25,000 to €99,000
- Debts after one year +€28,977
new in 2025: €28,977
- Tax, wage and social debts +€28,937
up €28,937 (+179%), from €16,132 to €45,068
of which Taxes: +€28,837
- Current portion of long-term debt +€11,023
new in 2025: €11,023
- Gross operating margin +€68,925
up €68,925 (+177%), from €39,002 to €107,927
- Taxes +€19,332
up €19,332 (+189%), from €10,230 to €29,562
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 | €54,183 | €197,890 | +€143,707 | +265% |
| Fixed assets | 21/28 | - | €60,762 | +€60,762 | |
| Tangible fixed assets | 22/27 | - | €60,762 | +€60,762 | |
| Furniture and vehicles | 24 | - | €60,762 | +€60,762 | |
| Current assets | 29/58 | €54,183 | €137,128 | +€82,945 | +153% |
| Amounts receivable within one year | 40/41 | €3,164 | €2,296 | -€868 | -27.4% |
| Trade receivables | 40 | €3,164 | €2,296 | -€868 | -27.4% |
| Cash at bank and in hand | 54/58 | €49,970 | €131,322 | +€81,352 | +163% |
| Deferred charges and accrued income | 490/1 | €1,049 | €3,510 | +€2,461 | +235% |
| Total equity and liabilities | 10/49 | €54,183 | €197,890 | +€143,707 | +265% |
| Equity | 10/15 | €35,418 | €109,691 | +€74,273 | +210% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €25,000 | €99,000 | +€74,000 | +296% |
| Distributable reserves | 133 | €25,000 | €99,000 | +€74,000 | +296% |
| Profit (loss) carried forward | 14 | €418 | €691 | +€273 | +65.2% |
| Amounts payable | 17/49 | €18,765 | €88,199 | +€69,434 | +370% |
| Amounts payable after more than one year | 17 | - | €28,977 | +€28,977 | |
| Financial debts | 170/4 | - | €28,977 | +€28,977 | |
| Amounts payable within one year | 42/48 | €17,265 | €56,522 | +€39,257 | +227% |
| Current portion of amounts payable after more than one year | 42 | - | €11,023 | +€11,023 | |
| Trade debts | 44 | €985 | €397 | -€588 | -59.7% |
| Suppliers | 440/4 | €985 | €397 | -€588 | -59.7% |
| Taxes, remuneration and social security | 45 | €16,132 | €45,068 | +€28,937 | +179% |
| Taxes | 450/3 | €14,782 | €43,618 | +€28,837 | +195% |
| Remuneration and social security | 454/9 | €1,350 | €1,450 | +€100 | +7.4% |
| Other amounts payable | 47/48 | €148 | €34 | -€114 | -76.9% |
| Accrued charges and deferred income | 492/3 | €1,500 | €2,700 | +€1,200 | +80.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €942 | +€942 | |
| Other operating charges | 640/8 | €3,150 | €2,990 | -€160 | -5.1% |
| Gross operating margin | 9900 | €39,002 | €107,927 | +€68,925 | +177% |
| Operating profit (loss) | 9901 | €35,852 | €103,995 | +€68,143 | +190% |
| Financial charges | 65/66B | €205 | €161 | -€44 | -21.4% |
| Recurring financial charges | 65 | €205 | €161 | -€44 | -21.4% |
| Profit (loss) for the period before taxes | 9903 | €35,647 | €103,834 | +€68,187 | +191% |
| Income taxes | 67/77 | €10,230 | €29,562 | +€19,332 | +189% |
| Profit (loss) for the period | 9904 | €25,418 | €74,273 | +€48,855 | +192% |
| Profit (loss) for the period to be appropriated | 9905 | €25,418 | €74,273 | +€48,855 | +192% |
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 18 October 2026 via checked.be.