Vanro-aannemingen: 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.
Vanro-aannemingen
Largest movements
- Cash -€254,276
down €254,276 (-60.8%), from €418,366 to €164,090
mainly Stocks and contracts (-€221,850) and Receivables within one year (-€17,100)
- Stocks and contracts +€221,850
up €221,850 (+1,303%), from €17,026 to €238,876
- Receivables within one year +€17,100
up €17,100 (+97.1%), from €17,612 to €34,713
of which Other amounts receivable: +€12,700
- Tangible fixed assets +€12,746
up €12,746 (+2,086%), from €611 to €13,356
- Other debts +€11,354
up €11,354 (+3.3%), from €346,067 to €357,421
- Tax, wage and social debts -€10,481
no longer reported in 2025 (was €10,481)
- Profit (loss) carried forward -€8,495
down €8,495, from €2,920 to -€5,575
- Trade debts +€5,041
up €5,041 (+28.1%), from €17,947 to €22,988
- Gross operating margin -€19,014
down €19,014, from €18,436 to -€578
- Taxes -€4,408
down €4,408 (-100.0%), from €4,408 to €0
- Staff costs +€4,284
new in 2025: €4,284
- Depreciation +€2,369
up €2,369 (+786%), from €302 to €2,670
- Financial charges +€219
up €219 (+523%), from €42 to €261
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 | €453,615 | €451,034 | -€2,580 | -0.6% |
| Fixed assets | 21/28 | €611 | €13,356 | +€12,746 | +2,086% |
| Tangible fixed assets | 22/27 | €611 | €13,356 | +€12,746 | +2,086% |
| Plant, machinery and equipment | 23 | €611 | €13,356 | +€12,746 | +2,086% |
| Current assets | 29/58 | €453,004 | €437,678 | -€15,326 | -3.4% |
| Stocks and contracts in progress | 3 | €17,026 | €238,876 | +€221,850 | +1,303% |
| Stocks | 30/36 | €17,026 | €238,876 | +€221,850 | +1,303% |
| Amounts receivable within one year | 40/41 | €17,612 | €34,713 | +€17,100 | +97.1% |
| Trade receivables | 40 | €12,884 | €17,285 | +€4,401 | +34.2% |
| Other amounts receivable | 41 | €4,728 | €17,427 | +€12,700 | +269% |
| Cash at bank and in hand | 54/58 | €418,366 | €164,090 | -€254,276 | -60.8% |
| Total equity and liabilities | 10/49 | €453,615 | €451,034 | -€2,580 | -0.6% |
| Equity | 10/15 | €79,120 | €70,625 | -€8,495 | -10.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €70,000 | €70,000 | = | 0.0% |
| Distributable reserves | 133 | €70,000 | €70,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,920 | -€5,575 | -€8,495 | |
| Amounts payable | 17/49 | €374,495 | €380,409 | +€5,915 | +1.6% |
| Amounts payable within one year | 42/48 | €374,495 | €380,409 | +€5,915 | +1.6% |
| Trade debts | 44 | €17,947 | €22,988 | +€5,041 | +28.1% |
| Suppliers | 440/4 | €17,947 | €22,988 | +€5,041 | +28.1% |
| Taxes, remuneration and social security | 45 | €10,481 | - | -€10,481 | |
| Taxes | 450/3 | €10,481 | - | -€10,481 | |
| Other amounts payable | 47/48 | €346,067 | €357,421 | +€11,354 | +3.3% |
| Remuneration, social security and pensions | 62 | - | €4,284 | +€4,284 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €302 | €2,670 | +€2,369 | +786% |
| Other operating charges | 640/8 | €519 | €701 | +€182 | +35.1% |
| Gross operating margin | 9900 | €18,436 | -€578 | -€19,014 | |
| Operating profit (loss) | 9901 | €17,615 | -€8,234 | -€25,849 | |
| Financial income | 75/76B | €22 | €0 | -€22 | -99.9% |
| Recurring financial income | 75 | €22 | €0 | -€22 | -99.9% |
| Financial charges | 65/66B | €42 | €261 | +€219 | +523% |
| Recurring financial charges | 65 | €42 | €261 | +€219 | +523% |
| Profit (loss) for the period before taxes | 9903 | €17,595 | -€8,495 | -€26,090 | |
| Income taxes | 67/77 | €4,408 | €0 | -€4,408 | -100.0% |
| Profit (loss) for the period | 9904 | €13,187 | -€8,495 | -€21,682 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,187 | -€8,495 | -€21,682 |
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 19 October 2026 via checked.be.