VANPO: 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.
VANPO
Largest movements
- Cash +€120,424
up €120,424 (+837%), from €14,390 to €134,814
mainly Other debts (+€129,389) and Receivables within one year (+€7,342)
- Other debts +€129,389
up €129,389 (+84.4%), from €153,231 to €282,620
- Gross operating margin -€40,468
down €40,468, from €38,316 to -€2,152
- Depreciation -€33,018
no longer reported in 2024 (was €33,018)
- Other operating charges -€3,511
down €3,511 (-24.1%), from €14,581 to €11,069
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,506,038 | €1,619,120 | +€113,082 | +7.5% |
| Fixed assets | 21/28 | €1,413,732 | €1,413,732 | = | 0.0% |
| Tangible fixed assets | 22/27 | €1,411,993 | €1,411,993 | = | 0.0% |
| Land and buildings | 22 | €1,408,970 | €1,408,970 | = | 0.0% |
| Furniture and vehicles | 24 | €3,023 | €3,023 | = | 0.0% |
| Financial fixed assets | 28 | €1,740 | €1,740 | = | 0.0% |
| Current assets | 29/58 | €92,305 | €205,388 | +€113,082 | +123% |
| Amounts receivable within one year | 40/41 | €77,915 | €70,573 | -€7,342 | -9.4% |
| Trade receivables | 40 | €67,878 | €67,878 | = | 0.0% |
| Other amounts receivable | 41 | €10,037 | €2,695 | -€7,342 | -73.1% |
| Cash at bank and in hand | 54/58 | €14,390 | €134,814 | +€120,424 | +837% |
| Total equity and liabilities | 10/49 | €1,506,038 | €1,619,120 | +€113,082 | +7.5% |
| Equity | 10/15 | €140,960 | €129,715 | -€11,245 | -8.0% |
| Contributions | 10/11 | €66,000 | €66,000 | = | 0.0% |
| Capital | 10 | €66,000 | €66,000 | = | 0.0% |
| Issued capital | 100 | €66,000 | €66,000 | = | 0.0% |
| Reserves | 13 | €114,770 | €107,686 | -€7,083 | -6.2% |
| Non-distributable reserves | 130/1 | €2,433 | €2,433 | = | 0.0% |
| Legal reserve | 130 | €2,433 | €2,433 | = | 0.0% |
| Tax-exempt reserves | 132 | €112,337 | €105,253 | -€7,083 | -6.3% |
| Profit (loss) carried forward | 14 | -€39,810 | -€43,971 | -€4,161 | -10.5% |
| Provisions and deferred taxes | 16 | €22,308 | €19,947 | -€2,361 | -10.6% |
| Deferred taxes | 168 | €22,308 | €19,947 | -€2,361 | -10.6% |
| Amounts payable | 17/49 | €1,342,770 | €1,469,458 | +€126,688 | +9.4% |
| Amounts payable after more than one year | 17 | €1,186,000 | €1,186,000 | = | 0.0% |
| Other amounts payable | 178/9 | €1,186,000 | €1,186,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €156,770 | €283,458 | +€126,688 | +80.8% |
| Trade debts | 44 | €3,540 | €610 | -€2,930 | -82.8% |
| Suppliers | 440/4 | €3,540 | €610 | -€2,930 | -82.8% |
| Taxes, remuneration and social security | 45 | - | €229 | +€229 | |
| Taxes | 450/3 | - | €229 | +€229 | |
| Other amounts payable | 47/48 | €153,231 | €282,620 | +€129,389 | +84.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,018 | - | -€33,018 | |
| Other operating charges | 640/8 | €14,581 | €11,069 | -€3,511 | -24.1% |
| Gross operating margin | 9900 | €38,316 | -€2,152 | -€40,468 | |
| Operating profit (loss) | 9901 | -€9,283 | -€13,222 | -€3,939 | -42.4% |
| Financial income | 75/76B | €0 | €0 | -€0 | -28.6% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -28.6% |
| Financial charges | 65/66B | €305 | €156 | -€150 | -49.0% |
| Recurring financial charges | 65 | €305 | €156 | -€150 | -49.0% |
| Profit (loss) for the period before taxes | 9903 | -€9,588 | -€13,377 | -€3,789 | -39.5% |
| Transfer from deferred taxes | 780 | €2,361 | €2,361 | = | 0.0% |
| Income taxes | 67/77 | - | €229 | +€229 | |
| Profit (loss) for the period | 9904 | -€7,227 | -€11,245 | -€4,018 | -55.6% |
| Transfer from tax-exempt reserves | 789 | €7,083 | €7,083 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€144 | -€4,161 | -€4,018 | -2,797% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.