VANROBAYS: 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.
VANROBAYS
Largest movements
- Cash +€77,129
up €77,129 (+171.4%), from €45,012 to €122,141
mainly Net result for the year (+€64,592) and Current investments (+€17,392)
- Current investments -€17,392
down €17,392 (-33.2%), from €52,444 to €35,053
- Tangible fixed assets +€3,357
up €3,357 (+459.9%), from €730 to €4,087
of which Other tangible fixed assets: +€2,764
- Receivables within one year +€2,127
up €2,127 (+10.2%), from €20,924 to €23,052
of which Other amounts receivable: +€2,402
- Reserves +€64,592
up €64,592 (+61.6%), from €104,864 to €169,455
- Gross operating margin +€11,810
up €11,810 (+15.9%), from €74,227 to €86,037
- Taxes +€1,963
up €1,963 (+12.7%), from €15,404 to €17,366
- Financial income +€1,940
up €1,940 (+2060.4%), from €94 to €2,034
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €119,653 | €184,678 | +€65,026 | +54.3% |
| Fixed assets | 21/28 | €730 | €4,087 | +€3,357 | +459.9% |
| Tangible fixed assets | 22/27 | €730 | €4,087 | +€3,357 | +459.9% |
| Furniture and vehicles | 24 | €730 | €1,323 | +€593 | +81.3% |
| Other tangible fixed assets | 26 | - | €2,764 | +€2,764 | |
| Current assets | 29/58 | €118,923 | €180,591 | +€61,669 | +51.9% |
| Amounts receivable within one year | 40/41 | €20,924 | €23,052 | +€2,127 | +10.2% |
| Trade receivables | 40 | €20,328 | €20,053 | -€275 | -1.4% |
| Other amounts receivable | 41 | €596 | €2,999 | +€2,402 | +402.8% |
| Current investments | 50/53 | €52,444 | €35,053 | -€17,392 | -33.2% |
| Cash at bank and in hand | 54/58 | €45,012 | €122,141 | +€77,129 | +171.4% |
| Deferred charges and accrued income | 490/1 | €542 | €346 | -€196 | -36.2% |
| Total equity and liabilities | 10/49 | €119,653 | €184,678 | +€65,026 | +54.3% |
| Equity | 10/15 | €109,664 | €174,255 | +€64,592 | +58.9% |
| Contributions | 10/11 | €4,800 | €4,800 | = | 0.0% |
| Reserves | 13 | €104,864 | €169,455 | +€64,592 | +61.6% |
| Distributable reserves | 133 | €104,864 | €169,455 | +€64,592 | +61.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €9,989 | €10,423 | +€434 | +4.3% |
| Amounts payable within one year | 42/48 | €9,989 | €10,423 | +€434 | +4.3% |
| Trade debts | 44 | €203 | €858 | +€654 | +321.7% |
| Suppliers | 440/4 | €203 | €858 | +€654 | +321.7% |
| Taxes, remuneration and social security | 45 | €8,953 | €9,565 | +€613 | +6.8% |
| Taxes | 450/3 | €8,953 | €9,565 | +€613 | +6.8% |
| Other amounts payable | 47/48 | €833 | €0 | -€833 | -100.0% |
| Remuneration, social security and pensions | 62 | €2,016 | €2,142 | +€126 | +6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €441 | €773 | +€332 | +75.4% |
| Other operating charges | 640/8 | €575 | €444 | -€131 | -22.8% |
| Gross operating margin | 9900 | €74,227 | €86,037 | +€11,810 | +15.9% |
| Operating profit (loss) | 9901 | €71,196 | €82,679 | +€11,483 | +16.1% |
| Financial income | 75/76B | €94 | €2,034 | +€1,940 | +2060.4% |
| Recurring financial income | 75 | €94 | €2,034 | +€1,940 | +2060.4% |
| Financial charges | 65/66B | €2,828 | €2,755 | -€73 | -2.6% |
| Recurring financial charges | 65 | €2,828 | €2,755 | -€73 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | €68,462 | €81,958 | +€13,496 | +19.7% |
| Income taxes | 67/77 | €15,404 | €17,366 | +€1,963 | +12.7% |
| Profit (loss) for the period | 9904 | €53,058 | €64,592 | +€11,533 | +21.7% |
| Profit (loss) for the period to be appropriated | 9905 | €53,058 | €64,592 | +€11,533 | +21.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.