VANOZ: 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.
VANOZ
Largest movements
- Tangible fixed assets -€8,843
down €8,843 (-3.3%), from €271,098 to €262,255
- Cash +€5,712
up €5,712 (+4.5%), from €126,723 to €132,434
mainly Depreciation (+€8,843) and Net result for the year (+€5,213)
- Other debts -€9,000
down €9,000 (-3.8%), from €237,658 to €228,658
- Reserves +€5,213
up €5,213 (+9.3%), from €56,293 to €61,506
of which Distributable reserves: +€7,278
- Taxes -€22,078
down €22,078 (-86.5%), from €25,516 to €3,438
- Gross operating margin -€11,227
down €11,227 (-39.2%), from €28,643 to €17,417
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 | €450,771 | €446,706 | -€4,064 | -0.9% |
| Fixed assets | 21/28 | €271,098 | €262,255 | -€8,843 | -3.3% |
| Tangible fixed assets | 22/27 | €271,098 | €262,255 | -€8,843 | -3.3% |
| Land and buildings | 22 | €271,098 | €262,255 | -€8,843 | -3.3% |
| Current assets | 29/58 | €179,673 | €184,452 | +€4,779 | +2.7% |
| Amounts receivable after more than one year | 29 | €1,600 | €1,600 | = | 0.0% |
| Other amounts receivable | 291 | €1,600 | €1,600 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €953 | - | -€953 | |
| Trade receivables | 40 | €922 | - | -€922 | |
| Other amounts receivable | 41 | €31 | - | -€31 | |
| Current investments | 50/53 | €50,000 | €50,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €126,723 | €132,434 | +€5,712 | +4.5% |
| Deferred charges and accrued income | 490/1 | €397 | €417 | +€20 | +5.1% |
| Total equity and liabilities | 10/49 | €450,771 | €446,706 | -€4,064 | -0.9% |
| Equity | 10/15 | €192,768 | €197,981 | +€5,213 | +2.7% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €56,293 | €61,506 | +€5,213 | +9.3% |
| Tax-exempt reserves | 132 | €56,293 | €54,229 | -€2,064 | -3.7% |
| Distributable reserves | 133 | - | €7,278 | +€7,278 | |
| Profit (loss) carried forward | 14 | €116,015 | €116,015 | = | 0.0% |
| Provisions and deferred taxes | 16 | €18,764 | €18,076 | -€688 | -3.7% |
| Deferred taxes | 168 | €18,764 | €18,076 | -€688 | -3.7% |
| Amounts payable | 17/49 | €239,238 | €230,649 | -€8,589 | -3.6% |
| Amounts payable within one year | 42/48 | €239,238 | €230,649 | -€8,589 | -3.6% |
| Trade debts | 44 | €1,580 | €1,600 | +€20 | +1.3% |
| Suppliers | 440/4 | €1,580 | €1,600 | +€20 | +1.3% |
| Taxes, remuneration and social security | 45 | - | €391 | +€391 | |
| Taxes | 450/3 | - | €391 | +€391 | |
| Other amounts payable | 47/48 | €237,658 | €228,658 | -€9,000 | -3.8% |
| Non-recurring operating income | 76A | €9,320 | - | -€9,320 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,843 | €8,843 | = | 0.0% |
| Other operating charges | 640/8 | €2,293 | €2,319 | +€26 | +1.1% |
| Gross operating margin | 9900 | €28,643 | €17,417 | -€11,227 | -39.2% |
| Operating profit (loss) | 9901 | €17,507 | €6,254 | -€11,253 | -64.3% |
| Financial income | 75/76B | €1,825 | €1,825 | -€0 | 0.0% |
| Recurring financial income | 75 | €1,825 | €1,825 | -€0 | 0.0% |
| Financial charges | 65/66B | €116 | €116 | = | 0.0% |
| Recurring financial charges | 65 | €116 | €116 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €19,216 | €7,963 | -€11,253 | -58.6% |
| Transfer from deferred taxes | 780 | €21,753 | €688 | -€21,065 | -96.8% |
| Income taxes | 67/77 | €25,516 | €3,438 | -€22,078 | -86.5% |
| Profit (loss) for the period | 9904 | €15,453 | €5,213 | -€10,240 | -66.3% |
| Transfer from tax-exempt reserves | 789 | €65,260 | €2,064 | -€63,196 | -96.8% |
| Profit (loss) for the period to be appropriated | 9905 | €80,713 | €7,278 | -€73,436 | -91.0% |
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.