VANPEN: 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.
VANPEN
Largest movements
- Tangible fixed assets -€6,024
down €6,024 (-19.3%), from €31,260 to €25,236
of which Furniture and vehicles: -€5,754
- Receivables within one year -€1,396
down €1,396 (-98.3%), from €1,420 to €24
of which Other amounts receivable: -€1,357
- Cash -€1,310
down €1,310 (-6.5%), from €20,127 to €18,817
mainly Net result for the year (-€6,767) and Other debts (-€3,615)
- Profit (loss) carried forward -€6,767
down €6,767 (-38.3%), from €17,670 to €10,903
- Other debts -€3,615
down €3,615 (-25.3%), from €14,282 to €10,667
- Tax, wage and social debts +€1,555
up €1,555 (+129.6%), from €1,200 to €2,755
of which Remuneration and social security: +€1,200
- Trade debts -€671
down €671 (-26.3%), from €2,550 to €1,879
- Gross operating margin -€11,930
down €11,930 (-89.8%), from €13,282 to €1,352
- Depreciation +€5,289
up €5,289 (+309.5%), from €1,709 to €6,998
- Other operating charges -€1,738
down €1,738 (-67.0%), from €2,595 to €857
- Taxes +€225
up €225 (+753.9%), from €30 to €255
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 | €54,303 | €44,804 | -€9,498 | -17.5% |
| Fixed assets | 21/28 | €31,350 | €25,326 | -€6,024 | -19.2% |
| Tangible fixed assets | 22/27 | €31,260 | €25,236 | -€6,024 | -19.3% |
| Plant, machinery and equipment | 23 | €906 | €636 | -€270 | -29.8% |
| Furniture and vehicles | 24 | €30,355 | €24,601 | -€5,754 | -19.0% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €22,952 | €19,478 | -€3,474 | -15.1% |
| Stocks and contracts in progress | 3 | €979 | €636 | -€342 | -35.0% |
| Stocks | 30/36 | €979 | €636 | -€342 | -35.0% |
| Amounts receivable within one year | 40/41 | €1,420 | €24 | -€1,396 | -98.3% |
| Trade receivables | 40 | €63 | €24 | -€39 | -61.7% |
| Other amounts receivable | 41 | €1,357 | - | -€1,357 | |
| Cash at bank and in hand | 54/58 | €20,127 | €18,817 | -€1,310 | -6.5% |
| Deferred charges and accrued income | 490/1 | €426 | - | -€426 | |
| Total equity and liabilities | 10/49 | €54,303 | €44,804 | -€9,498 | -17.5% |
| Equity | 10/15 | €36,270 | €29,503 | -€6,767 | -18.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,670 | €10,903 | -€6,767 | -38.3% |
| Amounts payable | 17/49 | €18,032 | €15,301 | -€2,731 | -15.1% |
| Amounts payable within one year | 42/48 | €18,032 | €15,301 | -€2,731 | -15.1% |
| Trade debts | 44 | €2,550 | €1,879 | -€671 | -26.3% |
| Suppliers | 440/4 | €2,550 | €1,879 | -€671 | -26.3% |
| Taxes, remuneration and social security | 45 | €1,200 | €2,755 | +€1,555 | +129.6% |
| Taxes | 450/3 | - | €355 | +€355 | |
| Remuneration and social security | 454/9 | €1,200 | €2,400 | +€1,200 | +100.0% |
| Other amounts payable | 47/48 | €14,282 | €10,667 | -€3,615 | -25.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,709 | €6,998 | +€5,289 | +309.5% |
| Other operating charges | 640/8 | €2,595 | €857 | -€1,738 | -67.0% |
| Gross operating margin | 9900 | €13,282 | €1,352 | -€11,930 | -89.8% |
| Operating profit (loss) | 9901 | €8,978 | -€6,502 | -€15,481 | |
| Financial income | 75/76B | €211 | €80 | -€131 | -62.2% |
| Recurring financial income | 75 | €211 | €80 | -€131 | -62.2% |
| Financial charges | 65/66B | €101 | €90 | -€11 | -10.5% |
| Recurring financial charges | 65 | €101 | €90 | -€11 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €9,089 | -€6,513 | -€15,601 | |
| Income taxes | 67/77 | €30 | €255 | +€225 | +753.9% |
| Profit (loss) for the period | 9904 | €9,059 | -€6,767 | -€15,826 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,059 | -€6,767 | -€15,826 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.