Vano & Co: 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.
Vano & Co
Largest movements
- Receivables within one year -€26,128
down €26,128 (-24.4%), from €107,215 to €81,087
of which Trade receivables: -€20,043
- Cash +€23,982
up €23,982 (+25.5%), from €94,010 to €117,992
mainly Receivables within one year (+€26,128) and Net result for the year (+€21,359)
- Tangible fixed assets +€15,186
up €15,186 (+24.9%), from €61,000 to €76,185
of which Land and buildings: +€18,228
- Trade debts -€24,423
down €24,423 (-32.2%), from €75,934 to €51,511
- Profit (loss) carried forward +€21,359
up €21,359 (+14.0%), from €152,235 to €173,594
- Debts after one year +€11,113
up €11,113 (+47.6%), from €23,346 to €34,459
- Current portion of long-term debt +€4,556
up €4,556 (+82.2%), from €5,539 to €10,095
- Gross operating margin -€17,312
down €17,312 (-8.6%), from €201,638 to €184,326
- Staff costs -€6,864
down €6,864 (-4.7%), from €144,702 to €137,838
- Taxes -€5,348
down €5,348 (-44.4%), from €12,052 to €6,703
- Depreciation +€4,040
up €4,040 (+55.4%), from €7,292 to €11,332
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 | €284,694 | €296,073 | +€11,379 | +4.0% |
| Fixed assets | 21/28 | €61,000 | €76,185 | +€15,186 | +24.9% |
| Tangible fixed assets | 22/27 | €61,000 | €76,185 | +€15,186 | +24.9% |
| Land and buildings | 22 | €40,774 | €59,002 | +€18,228 | +44.7% |
| Plant, machinery and equipment | 23 | €17,989 | €15,432 | -€2,557 | -14.2% |
| Furniture and vehicles | 24 | €2,237 | €1,752 | -€485 | -21.7% |
| Current assets | 29/58 | €223,695 | €219,888 | -€3,807 | -1.7% |
| Stocks and contracts in progress | 3 | €22,470 | €20,809 | -€1,660 | -7.4% |
| Stocks | 30/36 | €22,470 | €20,809 | -€1,660 | -7.4% |
| Amounts receivable within one year | 40/41 | €107,215 | €81,087 | -€26,128 | -24.4% |
| Trade receivables | 40 | €90,916 | €70,873 | -€20,043 | -22.0% |
| Other amounts receivable | 41 | €16,299 | €10,213 | -€6,086 | -37.3% |
| Cash at bank and in hand | 54/58 | €94,010 | €117,992 | +€23,982 | +25.5% |
| Total equity and liabilities | 10/49 | €284,694 | €296,073 | +€11,379 | +4.0% |
| Equity | 10/15 | €160,301 | €181,659 | +€21,359 | +13.3% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €152,235 | €173,594 | +€21,359 | +14.0% |
| Amounts payable | 17/49 | €124,394 | €114,414 | -€9,980 | -8.0% |
| Amounts payable after more than one year | 17 | €23,346 | €34,459 | +€11,113 | +47.6% |
| Financial debts | 170/4 | €23,346 | €34,459 | +€11,113 | +47.6% |
| Amounts payable within one year | 42/48 | €101,048 | €79,955 | -€21,094 | -20.9% |
| Current portion of amounts payable after more than one year | 42 | €5,539 | €10,095 | +€4,556 | +82.2% |
| Trade debts | 44 | €75,934 | €51,511 | -€24,423 | -32.2% |
| Suppliers | 440/4 | €75,934 | €51,511 | -€24,423 | -32.2% |
| Taxes, remuneration and social security | 45 | €19,574 | €18,346 | -€1,228 | -6.3% |
| Taxes | 450/3 | €1,587 | €1,512 | -€75 | -4.7% |
| Remuneration and social security | 454/9 | €17,987 | €16,834 | -€1,152 | -6.4% |
| Other amounts payable | 47/48 | €1 | €2 | +€1 | +100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €144,702 | €137,838 | -€6,864 | -4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,292 | €11,332 | +€4,040 | +55.4% |
| Other operating charges | 640/8 | €5,078 | €5,435 | +€357 | +7.0% |
| Non-recurring operating charges | 66A | €948 | €0 | -€948 | -100% |
| Gross operating margin | 9900 | €201,638 | €184,326 | -€17,312 | -8.6% |
| Operating profit (loss) | 9901 | €43,618 | €29,720 | -€13,898 | -31.9% |
| Financial income | 75/76B | €20 | €67 | +€47 | +229% |
| Recurring financial income | 75 | €20 | €67 | +€47 | +229% |
| Financial charges | 65/66B | €1,454 | €1,725 | +€271 | +18.7% |
| Recurring financial charges | 65 | €1,454 | €1,725 | +€271 | +18.7% |
| Profit (loss) for the period before taxes | 9903 | €42,184 | €28,062 | -€14,122 | -33.5% |
| Income taxes | 67/77 | €12,052 | €6,703 | -€5,348 | -44.4% |
| Profit (loss) for the period | 9904 | €30,133 | €21,359 | -€8,774 | -29.1% |
| Profit (loss) for the period to be appropriated | 9905 | €30,133 | €21,359 | -€8,774 | -29.1% |
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 1 November 2026 via checked.be.