VANOBAB: 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.
VANOBAB
Largest movements
- Cash +€19,138
up €19,138 (+87.3%), from €21,932 to €41,070
mainly Other debts (+€30,320) and Net result for the year (+€26,669)
- Receivables within one year -€8,825
down €8,825 (-39.3%), from €22,455 to €13,630
of which Other amounts receivable: -€12,568
- Receivables after one year -€4,047
down €4,047 (-54.3%), from €7,450 to €3,403
- Deferred charges and accrued income -€1,034
down €1,034 (-13.0%), from €7,944 to €6,911
- Other debts +€30,320
up €30,320 (+95.8%), from €31,666 to €61,986
- Profit (loss) carried forward -€19,831
down €19,831 (-56.7%), from €34,949 to €15,118
- Tax, wage and social debts -€4,139
down €4,139 (-63.1%), from €6,561 to €2,422
- Current portion of long-term debt -€2,886
down €2,886 (-100.0%), from €2,886 to €0
- Trade debts +€2,247
up €2,247, from €0 to €2,247
- Taxes -€4,672
down €4,672 (-39.8%), from €11,739 to €7,067
- Gross operating margin -€4,160
down €4,160 (-8.7%), from €47,591 to €43,430
- Depreciation -€2,364
down €2,364 (-30.7%), from €7,703 to €5,340
- Financial charges +€1,386
up €1,386 (+172.3%), from €805 to €2,191
- Other operating charges +€832
up €832 (+61.4%), from €1,355 to €2,188
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 | €78,063 | €83,773 | +€5,710 | +7.3% |
| Fixed assets | 21/28 | €18,282 | €18,760 | +€478 | +2.6% |
| Tangible fixed assets | 22/27 | €18,282 | €18,760 | +€478 | +2.6% |
| Plant, machinery and equipment | 23 | €983 | €5,147 | +€4,164 | +423.5% |
| Furniture and vehicles | 24 | €4,358 | €2,576 | -€1,782 | -40.9% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €12,940 | €11,036 | -€1,904 | -14.7% |
| Current assets | 29/58 | €59,781 | €65,013 | +€5,232 | +8.8% |
| Amounts receivable after more than one year | 29 | €7,450 | €3,403 | -€4,047 | -54.3% |
| Other amounts receivable | 291 | €7,450 | €3,403 | -€4,047 | -54.3% |
| Amounts receivable within one year | 40/41 | €22,455 | €13,630 | -€8,825 | -39.3% |
| Trade receivables | 40 | €5,746 | €9,489 | +€3,743 | +65.1% |
| Other amounts receivable | 41 | €16,709 | €4,140 | -€12,568 | -75.2% |
| Cash at bank and in hand | 54/58 | €21,932 | €41,070 | +€19,138 | +87.3% |
| Deferred charges and accrued income | 490/1 | €7,944 | €6,911 | -€1,034 | -13.0% |
| Total equity and liabilities | 10/49 | €78,063 | €83,773 | +€5,710 | +7.3% |
| Equity | 10/15 | €36,949 | €17,118 | -€19,831 | -53.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,949 | €15,118 | -€19,831 | -56.7% |
| Amounts payable | 17/49 | €41,114 | €66,655 | +€25,542 | +62.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €41,114 | €66,655 | +€25,542 | +62.1% |
| Current portion of amounts payable after more than one year | 42 | €2,886 | €0 | -€2,886 | -100.0% |
| Trade debts | 44 | €0 | €2,247 | +€2,247 | |
| Suppliers | 440/4 | €0 | €2,247 | +€2,247 | |
| Taxes, remuneration and social security | 45 | €6,561 | €2,422 | -€4,139 | -63.1% |
| Taxes | 450/3 | €6,561 | €2,422 | -€4,139 | -63.1% |
| Other amounts payable | 47/48 | €31,666 | €61,986 | +€30,320 | +95.8% |
| Remuneration, social security and pensions | 62 | - | €103 | +€103 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,703 | €5,340 | -€2,364 | -30.7% |
| Other operating charges | 640/8 | €1,355 | €2,188 | +€832 | +61.4% |
| Gross operating margin | 9900 | €47,591 | €43,430 | -€4,160 | -8.7% |
| Operating profit (loss) | 9901 | €38,532 | €35,800 | -€2,732 | -7.1% |
| Financial income | 75/76B | €673 | €126 | -€547 | -81.3% |
| Recurring financial income | 75 | €673 | €126 | -€547 | -81.3% |
| Financial charges | 65/66B | €805 | €2,191 | +€1,386 | +172.3% |
| Recurring financial charges | 65 | €805 | €2,191 | +€1,386 | +172.3% |
| Profit (loss) for the period before taxes | 9903 | €38,400 | €33,735 | -€4,665 | -12.1% |
| Income taxes | 67/77 | €11,739 | €7,067 | -€4,672 | -39.8% |
| Profit (loss) for the period | 9904 | €26,662 | €26,669 | +€7 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €26,662 | €26,669 | +€7 | 0.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.