Vanotex: 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.
Vanotex
Largest movements
- Cash +€221,372
up €221,372 (+39.2%), from €564,358 to €785,730
mainly Net result for the year (+€418,785) and Depreciation (+€100,405)
- Tangible fixed assets +€149,933
up €149,933 (+3.8%), from €3.9m to €4.1m
of which Plant, machinery and equipment: +€177,100
- Profit (loss) carried forward +€218,785
up €218,785 (+46.3%), from €472,654 to €691,439
- Other debts +€80,000
up €80,000 (+40.0%), from €200,000 to €280,000
- Debts after one year +€67,499
up €67,499 (+5.9%), from €1.2m to €1.2m
- Gross operating margin +€295,509
up €295,509 (+26.3%), from €1.1m to €1.4m
- Taxes +€238,775
up €238,775, from -€29,643 to €209,133
- Staff costs +€86,702
up €86,702 (+16.9%), from €512,305 to €599,008
- Depreciation +€26,354
up €26,354 (+35.6%), from €74,051 to €100,405
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 | €5,710,309 | €6,125,306 | +€414,997 | +7.3% |
| Fixed assets | 21/28 | €4,423,701 | €4,573,634 | +€149,933 | +3.4% |
| Tangible fixed assets | 22/27 | €3,903,563 | €4,053,496 | +€149,933 | +3.8% |
| Land and buildings | 22 | €3,170,096 | €3,144,840 | -€25,255 | -0.8% |
| Plant, machinery and equipment | 23 | €725,926 | €903,026 | +€177,100 | +24.4% |
| Furniture and vehicles | 24 | €7,541 | €5,629 | -€1,911 | -25.3% |
| Financial fixed assets | 28 | €520,138 | €520,138 | = | 0.0% |
| Current assets | 29/58 | €1,286,608 | €1,551,672 | +€265,063 | +20.6% |
| Stocks and contracts in progress | 3 | €266,096 | €285,674 | +€19,578 | +7.4% |
| Stocks | 30/36 | €266,096 | €285,674 | +€19,578 | +7.4% |
| Amounts receivable within one year | 40/41 | €456,154 | €480,267 | +€24,113 | +5.3% |
| Trade receivables | 40 | €219,978 | €316,218 | +€96,240 | +43.7% |
| Other amounts receivable | 41 | €236,176 | €164,050 | -€72,127 | -30.5% |
| Cash at bank and in hand | 54/58 | €564,358 | €785,730 | +€221,372 | +39.2% |
| Total equity and liabilities | 10/49 | €5,710,309 | €6,125,306 | +€414,997 | +7.3% |
| Equity | 10/15 | €3,942,322 | €4,161,107 | +€218,785 | +5.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €3,367,654 | €3,367,654 | = | 0.0% |
| Reserves | 13 | €40,014 | €40,014 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,552 | €6,552 | = | 0.0% |
| Distributable reserves | 133 | €27,262 | €27,262 | = | 0.0% |
| Profit (loss) carried forward | 14 | €472,654 | €691,439 | +€218,785 | +46.3% |
| Amounts payable | 17/49 | €1,767,987 | €1,964,199 | +€196,212 | +11.1% |
| Amounts payable after more than one year | 17 | €1,152,775 | €1,220,274 | +€67,499 | +5.9% |
| Financial debts | 170/4 | €1,152,775 | €1,220,274 | +€67,499 | +5.9% |
| Amounts payable within one year | 42/48 | €615,212 | €743,924 | +€128,712 | +20.9% |
| Current portion of amounts payable after more than one year | 42 | €133,250 | €154,054 | +€20,804 | +15.6% |
| Financial debts | 43 | €91,803 | €91,825 | +€22 | 0.0% |
| Credit institutions | 430/8 | €91,803 | €91,825 | +€22 | 0.0% |
| Trade debts | 44 | €163,157 | €184,364 | +€21,207 | +13.0% |
| Suppliers | 440/4 | €163,157 | €184,364 | +€21,207 | +13.0% |
| Taxes, remuneration and social security | 45 | €27,002 | €33,681 | +€6,679 | +24.7% |
| Remuneration and social security | 454/9 | €27,002 | €33,681 | +€6,679 | +24.7% |
| Other amounts payable | 47/48 | €200,000 | €280,000 | +€80,000 | +40.0% |
| Remuneration, social security and pensions | 62 | €512,305 | €599,008 | +€86,702 | +16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,051 | €100,405 | +€26,354 | +35.6% |
| Other operating charges | 640/8 | €27,622 | €28,480 | +€857 | +3.1% |
| Gross operating margin | 9900 | €1,122,918 | €1,418,427 | +€295,509 | +26.3% |
| Operating profit (loss) | 9901 | €508,940 | €690,535 | +€181,595 | +35.7% |
| Financial income | 75/76B | - | €196 | +€196 | |
| Recurring financial income | 75 | - | €196 | +€196 | |
| Financial charges | 65/66B | €51,797 | €62,814 | +€11,017 | +21.3% |
| Recurring financial charges | 65 | €51,797 | €62,814 | +€11,017 | +21.3% |
| Profit (loss) for the period before taxes | 9903 | €457,143 | €627,917 | +€170,774 | +37.4% |
| Income taxes | 67/77 | -€29,643 | €209,133 | +€238,775 | |
| Profit (loss) for the period | 9904 | €486,786 | €418,785 | -€68,001 | -14.0% |
| Profit (loss) for the period to be appropriated | 9905 | €486,786 | €418,785 | -€68,001 | -14.0% |
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 3 October 2026 via checked.be.