VANRE: 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.
VANRE
Largest movements
- Tangible fixed assets -€8,177
down €8,177 (-19.8%), from €41,220 to €33,043
of which Furniture and vehicles: -€7,815
- Cash -€5,706
down €5,706 (-17.4%), from €32,726 to €27,020
mainly Contributions, distributions and other (-€35,594) and Debts after one year (-€9,694)
- Deferred charges and accrued income +€5,188
up €5,188 (+159%), from €3,271 to €8,459
- Receivables within one year +€1,457
up €1,457 (+10.2%), from €14,267 to €15,724
of which Trade receivables: +€1,155
- Other debts +€10,525
up €10,525 (+20.6%), from €51,041 to €61,566
- Debts after one year -€9,694
down €9,694 (-36.2%), from €26,794 to €17,100
- Tax, wage and social debts -€9,489
down €9,489 (-56.9%), from €16,669 to €7,180
- Gross operating margin -€7,721
down €7,721 (-11.4%), from €67,802 to €60,081
- Taxes -€1,749
down €1,749 (-15.4%), from €11,349 to €9,600
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 | €124,410 | €117,281 | -€7,129 | -5.7% |
| Fixed assets | 21/28 | €41,220 | €33,043 | -€8,177 | -19.8% |
| Tangible fixed assets | 22/27 | €41,220 | €33,043 | -€8,177 | -19.8% |
| Furniture and vehicles | 24 | €40,858 | €33,043 | -€7,815 | -19.1% |
| Other tangible fixed assets | 26 | €362 | €0 | -€362 | -100% |
| Current assets | 29/58 | €83,190 | €84,238 | +€1,048 | +1.3% |
| Stocks and contracts in progress | 3 | €32,925 | €33,034 | +€109 | +0.3% |
| Stocks | 30/36 | €32,925 | €33,034 | +€109 | +0.3% |
| Amounts receivable within one year | 40/41 | €14,267 | €15,724 | +€1,457 | +10.2% |
| Trade receivables | 40 | €14,170 | €15,325 | +€1,155 | +8.1% |
| Other amounts receivable | 41 | €97 | €400 | +€302 | +311% |
| Cash at bank and in hand | 54/58 | €32,726 | €27,020 | -€5,706 | -17.4% |
| Deferred charges and accrued income | 490/1 | €3,271 | €8,459 | +€5,188 | +159% |
| Total equity and liabilities | 10/49 | €124,410 | €117,281 | -€7,129 | -5.7% |
| Equity | 10/15 | €20,460 | €20,460 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €103,950 | €96,821 | -€7,129 | -6.9% |
| Amounts payable after more than one year | 17 | €26,794 | €17,100 | -€9,694 | -36.2% |
| Financial debts | 170/4 | €26,794 | €17,100 | -€9,694 | -36.2% |
| Amounts payable within one year | 42/48 | €77,156 | €79,722 | +€2,565 | +3.3% |
| Current portion of amounts payable after more than one year | 42 | €9,291 | €9,694 | +€403 | +4.3% |
| Financial debts | 43 | €155 | €262 | +€107 | +69.3% |
| Credit institutions | 430/8 | €155 | €262 | +€107 | +69.3% |
| Trade debts | 44 | €0 | €1,019 | +€1,019 | |
| Suppliers | 440/4 | €0 | €1,019 | +€1,019 | |
| Taxes, remuneration and social security | 45 | €16,669 | €7,180 | -€9,489 | -56.9% |
| Taxes | 450/3 | €16,669 | €7,180 | -€9,489 | -56.9% |
| Other amounts payable | 47/48 | €51,041 | €61,566 | +€10,525 | +20.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €9,321 | €0 | -€9,321 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,537 | €12,193 | -€344 | -2.7% |
| Other operating charges | 640/8 | €1,437 | €1,273 | -€164 | -11.4% |
| Gross operating margin | 9900 | €67,802 | €60,081 | -€7,721 | -11.4% |
| Operating profit (loss) | 9901 | €53,828 | €46,615 | -€7,213 | -13.4% |
| Financial income | 75/76B | €124 | €244 | +€121 | +97.6% |
| Recurring financial income | 75 | €124 | €244 | +€121 | +97.6% |
| Financial charges | 65/66B | €1,997 | €1,664 | -€333 | -16.7% |
| Recurring financial charges | 65 | €1,997 | €1,664 | -€333 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | €51,955 | €45,195 | -€6,760 | -13.0% |
| Income taxes | 67/77 | €11,349 | €9,600 | -€1,749 | -15.4% |
| Profit (loss) for the period | 9904 | €40,606 | €35,594 | -€5,011 | -12.3% |
| Profit (loss) for the period to be appropriated | 9905 | €40,606 | €35,594 | -€5,011 | -12.3% |
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 22 October 2026 via checked.be.