VANRAV: what changed
VANRAV
Largest movements
- Cash +€52,788
up €52,788 (+101%), from €52,092 to €104,880
mainly Net result for the year (+€59,189) and Depreciation (+€10,018)
- Tangible fixed assets -€10,018
down €10,018 (-29.5%), from €33,950 to €23,932
of which Leasing and similar rights: -€9,618
- Deferred charges and accrued income +€9,016
up €9,016 (+2,098%), from €430 to €9,446
- Receivables within one year +€3,781
up €3,781 (+50.3%), from €7,522 to €11,304
of which Other amounts receivable: +€1,981
- Profit (loss) carried forward +€58,329
up €58,329 (+515%), from €11,327 to €69,656
- Debts after one year -€9,668
down €9,668 (-41.8%), from €23,117 to €13,449
- Tax, wage and social debts +€7,109
up €7,109 (+38.6%), from €18,408 to €25,517
- Other debts -€2,703
down €2,703 (-75.9%), from €3,563 to €860
- Trade debts +€2,156
up €2,156 (+105%), from €2,055 to €4,211
- Gross operating margin +€29,540
up €29,540 (+50.6%), from €58,366 to €87,907
- Taxes +€6,385
up €6,385 (+63.9%), from €10,000 to €16,385
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €93,994 | €149,561 | +€55,567 | +59.1% |
| Fixed assets | 21/28 | €33,950 | €23,932 | -€10,018 | -29.5% |
| Tangible fixed assets | 22/27 | €33,950 | €23,932 | -€10,018 | -29.5% |
| Plant, machinery and equipment | 23 | €1,803 | €1,402 | -€400 | -22.2% |
| Leasing and similar rights | 25 | €32,147 | €22,529 | -€9,618 | -29.9% |
| Current assets | 29/58 | €60,044 | €125,629 | +€65,585 | +109% |
| Amounts receivable within one year | 40/41 | €7,522 | €11,304 | +€3,781 | +50.3% |
| Trade receivables | 40 | €7,522 | €9,323 | +€1,801 | +23.9% |
| Other amounts receivable | 41 | - | €1,981 | +€1,981 | |
| Cash at bank and in hand | 54/58 | €52,092 | €104,880 | +€52,788 | +101% |
| Deferred charges and accrued income | 490/1 | €430 | €9,446 | +€9,016 | +2,098% |
| Total equity and liabilities | 10/49 | €93,994 | €149,561 | +€55,567 | +59.1% |
| Equity | 10/15 | €37,527 | €95,856 | +€58,329 | +155% |
| Contributions | 10/11 | €1,200 | €1,200 | = | 0.0% |
| Reserves | 13 | €25,000 | €25,000 | = | 0.0% |
| Distributable reserves | 133 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,327 | €69,656 | +€58,329 | +515% |
| Amounts payable | 17/49 | €56,467 | €53,705 | -€2,762 | -4.9% |
| Amounts payable after more than one year | 17 | €23,117 | €13,449 | -€9,668 | -41.8% |
| Financial debts | 170/4 | €23,117 | €13,449 | -€9,668 | -41.8% |
| Amounts payable within one year | 42/48 | €33,350 | €40,257 | +€6,907 | +20.7% |
| Current portion of amounts payable after more than one year | 42 | €9,324 | €9,668 | +€344 | +3.7% |
| Trade debts | 44 | €2,055 | €4,211 | +€2,156 | +105% |
| Suppliers | 440/4 | €2,055 | €4,211 | +€2,156 | +105% |
| Taxes, remuneration and social security | 45 | €18,408 | €25,517 | +€7,109 | +38.6% |
| Taxes | 450/3 | €18,408 | €25,517 | +€7,109 | +38.6% |
| Other amounts payable | 47/48 | €3,563 | €860 | -€2,703 | -75.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,449 | €10,018 | +€569 | +6.0% |
| Other operating charges | 640/8 | €789 | €1,106 | +€317 | +40.1% |
| Gross operating margin | 9900 | €58,366 | €87,907 | +€29,540 | +50.6% |
| Operating profit (loss) | 9901 | €48,128 | €76,783 | +€28,655 | +59.5% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €941 | €1,208 | +€268 | +28.4% |
| Recurring financial charges | 65 | €941 | €1,208 | +€268 | +28.4% |
| Profit (loss) for the period before taxes | 9903 | €47,187 | €75,574 | +€28,387 | +60.2% |
| Income taxes | 67/77 | €10,000 | €16,385 | +€6,385 | +63.9% |
| Profit (loss) for the period | 9904 | €37,187 | €59,189 | +€22,002 | +59.2% |
| Profit (loss) for the period to be appropriated | 9905 | €37,187 | €59,189 | +€22,002 | +59.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.