VANOMED: 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.
VANOMED
Largest movements
- Tangible fixed assets +€91,908
up €91,908 (+16.8%), from €545,853 to €637,761
of which Land and buildings: +€67,702
- Other debts +€112,488
up €112,488 (+197.6%), from €56,934 to €169,422
- Reserves -€82,197
down €82,197 (-11.6%), from €709,613 to €627,416
- Trade debts +€30,588
up €30,588 (+1085.1%), from €2,819 to €33,407
- Current portion of long-term debt +€22,460
new in 2025: €22,460
- Debts after one year +€16,696
new in 2025: €16,696
- Gross operating margin -€27,831
down €27,831 (-8.6%), from €324,710 to €296,878
- Depreciation +€27,329
up €27,329 (+51.9%), from €52,672 to €80,001
- Taxes -€13,661
down €13,661 (-17.1%), from €79,705 to €66,045
- Other operating charges +€3,382
up €3,382 (+109.3%), from €3,095 to €6,478
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 | €851,356 | €942,754 | +€91,397 | +10.7% |
| Fixed assets | 21/28 | €545,853 | €637,761 | +€91,908 | +16.8% |
| Tangible fixed assets | 22/27 | €545,853 | €637,761 | +€91,908 | +16.8% |
| Land and buildings | 22 | €222,911 | €290,613 | +€67,702 | +30.4% |
| Plant, machinery and equipment | 23 | €5,699 | €5,917 | +€218 | +3.8% |
| Furniture and vehicles | 24 | €33,531 | €25,382 | -€8,149 | -24.3% |
| Other tangible fixed assets | 26 | €283,711 | €315,848 | +€32,137 | +11.3% |
| Current assets | 29/58 | €305,504 | €304,993 | -€511 | -0.2% |
| Amounts receivable within one year | 40/41 | - | €5,751 | +€5,751 | |
| Trade receivables | 40 | - | €5,751 | +€5,751 | |
| Current investments | 50/53 | €100,451 | €100,451 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €187,571 | €184,770 | -€2,801 | -1.5% |
| Deferred charges and accrued income | 490/1 | €17,481 | €14,021 | -€3,460 | -19.8% |
| Total equity and liabilities | 10/49 | €851,356 | €942,754 | +€91,397 | +10.7% |
| Equity | 10/15 | €728,213 | €646,016 | -€82,197 | -11.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €709,613 | €627,416 | -€82,197 | -11.6% |
| Distributable reserves | 133 | €709,613 | €627,416 | -€82,197 | -11.6% |
| Amounts payable | 17/49 | €123,143 | €296,737 | +€173,594 | +141.0% |
| Amounts payable after more than one year | 17 | - | €16,696 | +€16,696 | |
| Financial debts | 170/4 | - | €16,696 | +€16,696 | |
| Amounts payable within one year | 42/48 | €120,158 | €275,794 | +€155,636 | +129.5% |
| Current portion of amounts payable after more than one year | 42 | - | €22,460 | +€22,460 | |
| Financial debts | 43 | €726 | €935 | +€209 | +28.8% |
| Credit institutions | 430/8 | €726 | €935 | +€209 | +28.8% |
| Trade debts | 44 | €2,819 | €33,407 | +€30,588 | +1085.1% |
| Suppliers | 440/4 | €2,819 | €33,407 | +€30,588 | +1085.1% |
| Taxes, remuneration and social security | 45 | €59,679 | €49,570 | -€10,110 | -16.9% |
| Taxes | 450/3 | €59,679 | €49,570 | -€10,110 | -16.9% |
| Other amounts payable | 47/48 | €56,934 | €169,422 | +€112,488 | +197.6% |
| Accrued charges and deferred income | 492/3 | €2,985 | €4,247 | +€1,262 | +42.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,672 | €80,001 | +€27,329 | +51.9% |
| Other operating charges | 640/8 | €3,095 | €6,478 | +€3,382 | +109.3% |
| Non-recurring operating charges | 66A | - | €926 | +€926 | |
| Gross operating margin | 9900 | €324,710 | €296,878 | -€27,831 | -8.6% |
| Operating profit (loss) | 9901 | €268,942 | €209,473 | -€59,468 | -22.1% |
| Financial income | 75/76B | €0 | €4 | +€4 | +6516.7% |
| Recurring financial income | 75 | €0 | €4 | +€4 | +6516.7% |
| Financial charges | 65/66B | €6,366 | €9,031 | +€2,665 | +41.9% |
| Recurring financial charges | 65 | €6,366 | €9,031 | +€2,665 | +41.9% |
| Profit (loss) for the period before taxes | 9903 | €262,575 | €200,447 | -€62,129 | -23.7% |
| Income taxes | 67/77 | €79,705 | €66,045 | -€13,661 | -17.1% |
| Profit (loss) for the period | 9904 | €182,870 | €134,402 | -€48,468 | -26.5% |
| Profit (loss) for the period to be appropriated | 9905 | €182,870 | €134,402 | -€48,468 | -26.5% |
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 30 September 2026 via checked.be.