VANOTRANS: 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.
VANOTRANS
Largest movements
- Receivables within one year +€250,828
up €250,828 (+186%), from €134,518 to €385,346
of which Other amounts receivable: +€236,504
- Cash -€188,985
down €188,985 (-32.6%), from €578,980 to €389,995
mainly Investment in fixed assets (net) (-€252,000) and Receivables within one year (-€250,828)
- Tangible fixed assets +€36,985
up €36,985 (+7.0%), from €529,989 to €566,973
- Trade debts +€42,445
up €42,445 (+8.6%), from €495,739 to €538,184
- Profit (loss) carried forward +€31,799
up €31,799 (+36.1%), from €88,116 to €119,915
- Tax, wage and social debts +€27,591
up €27,591 (+34.3%), from €80,549 to €108,140
of which Remuneration and social security: +€27,464
- Gross operating margin +€90,442
up €90,442 (+14.2%), from €637,721 to €728,163
- Staff costs +€45,440
up €45,440 (+10.7%), from €423,180 to €468,620
- Depreciation +€41,209
up €41,209 (+23.7%), from €173,806 to €215,015
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.
Derived cash bridge
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 | €1,276,553 | €1,378,349 | +€101,796 | +8.0% |
| Fixed assets | 21/28 | €531,204 | €568,188 | +€36,985 | +7.0% |
| Tangible fixed assets | 22/27 | €529,989 | €566,973 | +€36,985 | +7.0% |
| Furniture and vehicles | 24 | €529,989 | €566,973 | +€36,985 | +7.0% |
| Financial fixed assets | 28 | €1,215 | €1,215 | = | 0.0% |
| Current assets | 29/58 | €745,350 | €810,161 | +€64,811 | +8.7% |
| Stocks and contracts in progress | 3 | €29,376 | €32,728 | +€3,353 | +11.4% |
| Stocks | 30/36 | €29,376 | €32,728 | +€3,353 | +11.4% |
| Amounts receivable within one year | 40/41 | €134,518 | €385,346 | +€250,828 | +186% |
| Trade receivables | 40 | €14,205 | €28,529 | +€14,324 | +101% |
| Other amounts receivable | 41 | €120,313 | €356,817 | +€236,504 | +197% |
| Cash at bank and in hand | 54/58 | €578,980 | €389,995 | -€188,985 | -32.6% |
| Deferred charges and accrued income | 490/1 | €2,476 | €2,091 | -€385 | -15.5% |
| Total equity and liabilities | 10/49 | €1,276,553 | €1,378,349 | +€101,796 | +8.0% |
| Equity | 10/15 | €700,227 | €732,025 | +€31,799 | +4.5% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €362,111 | €362,111 | = | 0.0% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Legal reserve | 130 | €25,000 | €25,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €330,268 | €330,268 | = | 0.0% |
| Distributable reserves | 133 | €6,842 | €6,842 | = | 0.0% |
| Profit (loss) carried forward | 14 | €88,116 | €119,915 | +€31,799 | +36.1% |
| Amounts payable | 17/49 | €576,327 | €646,324 | +€69,997 | +12.1% |
| Amounts payable within one year | 42/48 | €576,288 | €646,324 | +€70,036 | +12.2% |
| Trade debts | 44 | €495,739 | €538,184 | +€42,445 | +8.6% |
| Suppliers | 440/4 | €495,739 | €538,184 | +€42,445 | +8.6% |
| Taxes, remuneration and social security | 45 | €80,549 | €108,140 | +€27,591 | +34.3% |
| Taxes | 450/3 | €25,810 | €25,937 | +€127 | +0.5% |
| Remuneration and social security | 454/9 | €54,739 | €82,203 | +€27,464 | +50.2% |
| Accrued charges and deferred income | 492/3 | €39 | - | -€39 | |
| Remuneration, social security and pensions | 62 | €423,180 | €468,620 | +€45,440 | +10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €173,806 | €215,015 | +€41,209 | +23.7% |
| Other operating charges | 640/8 | €6,852 | €5,814 | -€1,038 | -15.2% |
| Non-recurring operating charges | 66A | €566 | €485 | -€81 | -14.3% |
| Gross operating margin | 9900 | €637,721 | €728,163 | +€90,442 | +14.2% |
| Operating profit (loss) | 9901 | €33,317 | €38,229 | +€4,912 | +14.7% |
| Financial income | 75/76B | €1,271 | €5,682 | +€4,411 | +347% |
| Recurring financial income | 75 | €1,271 | €5,682 | +€4,411 | +347% |
| Financial charges | 65/66B | €2,127 | €2,112 | -€15 | -0.7% |
| Recurring financial charges | 65 | €2,127 | €2,112 | -€15 | -0.7% |
| Profit (loss) for the period before taxes | 9903 | €32,460 | €41,798 | +€9,338 | +28.8% |
| Income taxes | 67/77 | €8,116 | €10,000 | +€1,884 | +23.2% |
| Profit (loss) for the period | 9904 | €24,344 | €31,799 | +€7,455 | +30.6% |
| Profit (loss) for the period to be appropriated | 9905 | €24,344 | €31,799 | +€7,455 | +30.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.