VANOFISC: 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.
VANOFISC
Largest movements
- Cash +€10,001
up €10,001 (+183.4%), from €5,453 to €15,453
mainly Short-term financial debts (+€18,242) and Depreciation (+€10,250)
- Tangible fixed assets -€8,895
down €8,895 (-33.2%), from €26,781 to €17,886
of which Furniture and vehicles: -€12,626
- Deferred charges and accrued income -€8,120
down €8,120 (-39.9%), from €20,373 to €12,254
- Receivables within one year -€6,939
down €6,939 (-1.6%), from €427,771 to €420,832
of which Trade receivables: -€11,549
- Current portion of long-term debt -€23,659
down €23,659 (-92.4%), from €25,608 to €1,949
- Short-term financial debts +€18,242
up €18,242 (+8.1%), from €225,000 to €243,242
- Tax, wage and social debts -€15,741
down €15,741 (-24.1%), from €65,290 to €49,549
of which Taxes: -€22,628
- Gross operating margin -€43,193
down €43,193 (-15.6%), from €276,412 to €233,218
- Depreciation -€8,592
down €8,592 (-45.6%), from €18,842 to €10,250
- Financial charges +€3,164
up €3,164 (+13.8%), from €22,996 to €26,160
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 | €487,112 | €470,429 | -€16,683 | -3.4% |
| Fixed assets | 21/28 | €33,515 | €21,890 | -€11,624 | -34.7% |
| Intangible fixed assets | 21 | €5,584 | €2,854 | -€2,730 | -48.9% |
| Tangible fixed assets | 22/27 | €26,781 | €17,886 | -€8,895 | -33.2% |
| Land and buildings | 22 | €7,468 | €10,490 | +€3,022 | +40.5% |
| Plant, machinery and equipment | 23 | - | €1,140 | +€1,140 | |
| Furniture and vehicles | 24 | €17,208 | €4,581 | -€12,626 | -73.4% |
| Other tangible fixed assets | 26 | €2,105 | €1,675 | -€430 | -20.4% |
| Financial fixed assets | 28 | €1,150 | €1,150 | = | 0.0% |
| Current assets | 29/58 | €453,597 | €448,539 | -€5,058 | -1.1% |
| Amounts receivable within one year | 40/41 | €427,771 | €420,832 | -€6,939 | -1.6% |
| Trade receivables | 40 | €305,274 | €293,726 | -€11,549 | -3.8% |
| Other amounts receivable | 41 | €122,497 | €127,106 | +€4,609 | +3.8% |
| Cash at bank and in hand | 54/58 | €5,453 | €15,453 | +€10,001 | +183.4% |
| Deferred charges and accrued income | 490/1 | €20,373 | €12,254 | -€8,120 | -39.9% |
| Total equity and liabilities | 10/49 | €487,112 | €470,429 | -€16,683 | -3.4% |
| Equity | 10/15 | €106,814 | €107,861 | +€1,047 | +1.0% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €170,891 | €170,891 | = | 0.0% |
| Non-distributable reserves | 130/1 | €13,700 | €13,700 | = | 0.0% |
| Other | 1319 | €13,700 | €13,700 | = | 0.0% |
| Tax-exempt reserves | 132 | €21,691 | €21,691 | = | 0.0% |
| Distributable reserves | 133 | €135,500 | €135,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€184,077 | -€183,031 | +€1,047 | +0.6% |
| Amounts payable | 17/49 | €380,298 | €362,569 | -€17,729 | -4.7% |
| Amounts payable within one year | 42/48 | €378,701 | €362,090 | -€16,612 | -4.4% |
| Current portion of amounts payable after more than one year | 42 | €25,608 | €1,949 | -€23,659 | -92.4% |
| Financial debts | 43 | €225,000 | €243,242 | +€18,242 | +8.1% |
| Credit institutions | 430/8 | €225,000 | €243,242 | +€18,242 | +8.1% |
| Trade debts | 44 | €62,803 | €67,349 | +€4,547 | +7.2% |
| Suppliers | 440/4 | €62,803 | €67,349 | +€4,547 | +7.2% |
| Taxes, remuneration and social security | 45 | €65,290 | €49,549 | -€15,741 | -24.1% |
| Taxes | 450/3 | €46,595 | €23,967 | -€22,628 | -48.6% |
| Remuneration and social security | 454/9 | €18,696 | €25,582 | +€6,886 | +36.8% |
| Accrued charges and deferred income | 492/3 | €1,597 | €479 | -€1,118 | -70.0% |
| Non-recurring operating income | 76A | €10,860 | - | -€10,860 | |
| Remuneration, social security and pensions | 62 | €180,364 | €180,417 | +€54 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,842 | €10,250 | -€8,592 | -45.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,418 | €6,654 | +€2,235 | +50.6% |
| Other operating charges | 640/8 | €4,974 | €3,122 | -€1,851 | -37.2% |
| Non-recurring operating charges | 66A | €1,500 | €6,614 | +€5,114 | +340.9% |
| Gross operating margin | 9900 | €276,412 | €233,218 | -€43,193 | -15.6% |
| Operating profit (loss) | 9901 | €66,314 | €26,161 | -€40,152 | -60.5% |
| Financial income | 75/76B | €4,098 | €1,429 | -€2,669 | -65.1% |
| Recurring financial income | 75 | €4,098 | €1,429 | -€2,668 | -65.1% |
| Non-recurring financial income | 76B | €0 | - | -€0 | |
| Financial charges | 65/66B | €22,996 | €26,160 | +€3,164 | +13.8% |
| Recurring financial charges | 65 | €22,996 | €26,160 | +€3,164 | +13.8% |
| Profit (loss) for the period before taxes | 9903 | €47,416 | €1,431 | -€45,985 | -97.0% |
| Income taxes | 67/77 | €1,119 | €384 | -€735 | -65.7% |
| Profit (loss) for the period | 9904 | €46,296 | €1,047 | -€45,250 | -97.7% |
| Profit (loss) for the period to be appropriated | 9905 | €46,296 | €1,047 | -€45,250 | -97.7% |
Source: filed annual accounts (NBB), financial years ended 1 April 2024 and 1 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.