VANRO: 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.
VANRO
Largest movements
- Stocks and contracts +€69,600
up €69,600 (+46.0%), from €151,456 to €221,056
- Receivables within one year +€43,087
up €43,087 (+12.6%), from €341,553 to €384,640
- Trade debts +€55,065
up €55,065 (+77.7%), from €70,872 to €125,937
- Profit (loss) carried forward +€42,147
up €42,147 (+122.7%), from €34,351 to €76,498
- Debts after one year +€35,099
new in 2024: €35,099
- Other debts -€26,833
down €26,833 (-7.7%), from €347,396 to €320,563
- Current portion of long-term debt +€18,461
new in 2024: €18,461
- Purchases and services -€313,959
down €313,959 (-49.2%), from €637,876 to €323,917
- Turnover -€263,407
down €263,407 (-40.5%), from €650,223 to €386,816
- Gross operating margin +€50,552
up €50,552 (+409.4%), from €12,347 to €62,899
- Taxes +€8,572
new in 2024: €8,572
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.
Cash bridge derived
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 | €497,951 | €614,223 | +€116,272 | +23.4% |
| Fixed assets | 21/28 | €4,942 | €2,750 | -€2,192 | -44.4% |
| Tangible fixed assets | 22/27 | €4,942 | €2,750 | -€2,192 | -44.4% |
| Plant, machinery and equipment | 23 | €1,192 | - | -€1,192 | |
| Furniture and vehicles | 24 | €3,750 | €2,750 | -€1,000 | -26.7% |
| Current assets | 29/58 | €493,009 | €611,473 | +€118,464 | +24.0% |
| Stocks and contracts in progress | 3 | €151,456 | €221,056 | +€69,600 | +46.0% |
| Stocks | 30/36 | €151,456 | €221,056 | +€69,600 | +46.0% |
| Amounts receivable within one year | 40/41 | €341,553 | €384,640 | +€43,087 | +12.6% |
| Trade receivables | 40 | €341,553 | €384,640 | +€43,087 | +12.6% |
| Cash at bank and in hand | 54/58 | - | €1,357 | +€1,357 | |
| Deferred charges and accrued income | 490/1 | - | €4,420 | +€4,420 | |
| Total equity and liabilities | 10/49 | €497,951 | €614,223 | +€116,272 | +23.4% |
| Equity | 10/15 | €48,611 | €90,758 | +€42,147 | +86.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 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 | €34,351 | €76,498 | +€42,147 | +122.7% |
| Amounts payable | 17/49 | €449,340 | €523,465 | +€74,125 | +16.5% |
| Amounts payable after more than one year | 17 | - | €35,099 | +€35,099 | |
| Financial debts | 170/4 | - | €35,099 | +€35,099 | |
| Amounts payable within one year | 42/48 | €449,340 | €488,366 | +€39,026 | +8.7% |
| Current portion of amounts payable after more than one year | 42 | - | €18,461 | +€18,461 | |
| Financial debts | 43 | €79 | - | -€79 | |
| Credit institutions | 430/8 | €79 | - | -€79 | |
| Trade debts | 44 | €70,872 | €125,937 | +€55,065 | +77.7% |
| Suppliers | 440/4 | €70,872 | €125,937 | +€55,065 | +77.7% |
| Taxes, remuneration and social security | 45 | €30,993 | €23,405 | -€7,588 | -24.5% |
| Taxes | 450/3 | €30,993 | €23,405 | -€7,588 | -24.5% |
| Other amounts payable | 47/48 | €347,396 | €320,563 | -€26,833 | -7.7% |
| Turnover | 70 | €650,223 | €386,816 | -€263,407 | -40.5% |
| Non-recurring operating income | 76A | - | €50 | +€50 | |
| Goods, raw materials, services and sundry goods | 60/61 | €637,876 | €323,917 | -€313,959 | -49.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,943 | €3,942 | -€1,001 | -20.3% |
| Other operating charges | 640/8 | €274 | €471 | +€197 | +71.9% |
| Non-recurring operating charges | 66A | - | €3,585 | +€3,585 | |
| Gross operating margin | 9900 | €12,347 | €62,899 | +€50,552 | +409.4% |
| Operating profit (loss) | 9901 | €7,130 | €54,901 | +€47,771 | +670.0% |
| Financial charges | 65/66B | €3,594 | €4,182 | +€588 | +16.4% |
| Recurring financial charges | 65 | €3,594 | €4,182 | +€588 | +16.4% |
| Profit (loss) for the period before taxes | 9903 | €3,536 | €50,719 | +€47,183 | +1334.4% |
| Income taxes | 67/77 | - | €8,572 | +€8,572 | |
| Profit (loss) for the period | 9904 | €3,536 | €42,147 | +€38,611 | +1091.9% |
| Profit (loss) for the period to be appropriated | 9905 | €3,536 | €42,147 | +€38,611 | +1091.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.