Vanobo: what changed
Vanobo
Largest movements
- Receivables within one year +€25,070
up €25,070 (+76.3%), from €32,842 to €57,912
of which Other amounts receivable: +€13,576
- Cash +€9,492
up €9,492, from €0 to €9,492
mainly Debts after one year (+€56,028) and Depreciation (+€50,100)
- Tangible fixed assets +€5,848
up €5,848 (+5.1%), from €113,933 to €119,782
of which Plant, machinery and equipment: +€29,184
- Stocks and contracts +€3,200
up €3,200 (+42.7%), from €7,500 to €10,700
of which Contracts in progress: +€10,700
- Debts after one year +€56,028
up €56,028 (+120%), from €46,819 to €102,846
- Profit (loss) carried forward -€16,207
down €16,207 (-32.3%), from €50,205 to €33,998
- Trade debts +€8,000
up €8,000 (+217%), from €3,689 to €11,690
- Short-term financial debts -€4,253
down €4,253 (-100%), from €4,253 to €0
- Current portion of long-term debt -€3,037
down €3,037 (-8.4%), from €36,067 to €33,030
- Staff costs -€21,086
down €21,086 (-63.8%), from €33,059 to €11,973
- Gross operating margin -€12,341
down €12,341 (-12.2%), from €101,558 to €89,217
- Depreciation +€4,963
up €4,963 (+11.0%), from €45,136 to €50,100
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €159,619 | €201,336 | +€41,717 | +26.1% |
| Fixed assets | 21/28 | €117,383 | €123,232 | +€5,848 | +5.0% |
| Tangible fixed assets | 22/27 | €113,933 | €119,782 | +€5,848 | +5.1% |
| Plant, machinery and equipment | 23 | €61,353 | €90,536 | +€29,184 | +47.6% |
| Furniture and vehicles | 24 | €40,041 | €22,282 | -€17,759 | -44.4% |
| Other tangible fixed assets | 26 | €12,539 | €6,963 | -€5,576 | -44.5% |
| Financial fixed assets | 28 | €3,450 | €3,450 | = | 0.0% |
| Current assets | 29/58 | €42,236 | €78,105 | +€35,869 | +84.9% |
| Stocks and contracts in progress | 3 | €7,500 | €10,700 | +€3,200 | +42.7% |
| Stocks | 30/36 | €7,500 | €0 | -€7,500 | -100% |
| Contracts in progress | 37 | €0 | €10,700 | +€10,700 | |
| Amounts receivable within one year | 40/41 | €32,842 | €57,912 | +€25,070 | +76.3% |
| Trade receivables | 40 | €1,836 | €13,329 | +€11,494 | +626% |
| Other amounts receivable | 41 | €31,007 | €44,583 | +€13,576 | +43.8% |
| Cash at bank and in hand | 54/58 | €0 | €9,492 | +€9,492 | |
| Deferred charges and accrued income | 490/1 | €1,894 | €0 | -€1,894 | -100% |
| Total equity and liabilities | 10/49 | €159,619 | €201,336 | +€41,717 | +26.1% |
| Equity | 10/15 | €55,205 | €38,998 | -€16,207 | -29.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,205 | €33,998 | -€16,207 | -32.3% |
| Amounts payable | 17/49 | €104,414 | €162,339 | +€57,924 | +55.5% |
| Amounts payable after more than one year | 17 | €46,819 | €102,846 | +€56,028 | +120% |
| Financial debts | 170/4 | €46,819 | €102,846 | +€56,028 | +120% |
| Amounts payable within one year | 42/48 | €57,596 | €59,492 | +€1,896 | +3.3% |
| Current portion of amounts payable after more than one year | 42 | €36,067 | €33,030 | -€3,037 | -8.4% |
| Financial debts | 43 | €4,253 | €0 | -€4,253 | -100% |
| Credit institutions | 430/8 | €4,253 | €0 | -€4,253 | -100% |
| Trade debts | 44 | €3,689 | €11,690 | +€8,000 | +217% |
| Suppliers | 440/4 | €3,689 | €11,690 | +€8,000 | +217% |
| Taxes, remuneration and social security | 45 | €13,586 | €14,773 | +€1,187 | +8.7% |
| Taxes | 450/3 | €13,116 | €14,093 | +€977 | +7.4% |
| Remuneration and social security | 454/9 | €470 | €680 | +€210 | +44.6% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €33,059 | €11,973 | -€21,086 | -63.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,136 | €50,100 | +€4,963 | +11.0% |
| Other operating charges | 640/8 | €3,242 | €2,950 | -€293 | -9.0% |
| Gross operating margin | 9900 | €101,558 | €89,217 | -€12,341 | -12.2% |
| Operating profit (loss) | 9901 | €20,121 | €24,195 | +€4,075 | +20.3% |
| Financial income | 75/76B | €2,188 | €2,450 | +€262 | +12.0% |
| Recurring financial income | 75 | €2,188 | €2,450 | +€262 | +12.0% |
| Financial charges | 65/66B | €5,191 | €5,970 | +€779 | +15.0% |
| Recurring financial charges | 65 | €5,191 | €5,970 | +€779 | +15.0% |
| Profit (loss) for the period before taxes | 9903 | €17,117 | €20,675 | +€3,558 | +20.8% |
| Income taxes | 67/77 | €6,211 | €6,882 | +€671 | +10.8% |
| Profit (loss) for the period | 9904 | €10,906 | €13,793 | +€2,886 | +26.5% |
| Profit (loss) for the period to be appropriated | 9905 | €10,906 | €13,793 | +€2,886 | +26.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.