VANROG: 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.
What changed
VANROG
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€23,203
2024 · €8,937+€14,266
Equity
€421,416
2024 · €398,213+€23,203
Cash
€4,115
2024 · €376+€3,739
Balance sheet total
€1.7m
2024 · €1.8m-€51,736
Largest movements
Assets
- Tangible fixed assets -€44,064
down €44,064 (-2.5%), from €1.7m to €1.7m
of which Land and buildings: -€43,968
Equity and liabilities
- Debts after one year -€45,796
down €45,796 (-4.2%), from €1.1m to €1.0m
- Reserves +€23,203
up €23,203 (+6.1%), from €379,613 to €402,816
of which Distributable reserves: +€32,756
Income statement
- Gross operating margin +€30,312
up €30,312 (+33.9%), from €89,512 to €119,823
- Taxes +€14,733
up €14,733 (+156.6%), from €9,409 to €24,141
- Financial charges -€1,648
down €1,648 (-16.5%), from €9,985 to €8,338
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.
Result 2024
€8,937
Gross operating margin
+€30,312
Depreciation
-€448
Other operating charges
-€98
Financial income
-€162
Financial charges
+€1,648
Taxes
-€14,733
Deferred taxes and other
-€2,252
Result 2025
€23,203
Cash bridge derived
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.
From operations
+€71,928
Investment
-€15,036
Financing
-€53,153
Cash 2024
€376
From operations (derived)
+€71,928
Net result for the year
+€23,203
Depreciation
+€59,100
Receivables within one year
+€11,379
Deferred charges and accrued income
+€32
Provisions
-€3,184
Trade debts
-€11,918
Tax, wage and social debts
-€1,658
Other debts
-€5,026
Investment (derived)
-€15,036
Investment in fixed assets (net)
-€15,036
Financing
-€53,153
Debts after one year
-€45,796
Current portion of long-term debt
-€7,357
Cash 2025
€4,115
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,757,940 | €1,706,205 | -€51,736 | -2.9% |
| Fixed assets | 21/28 | €1,743,812 | €1,699,749 | -€44,064 | -2.5% |
| Tangible fixed assets | 22/27 | €1,743,812 | €1,699,749 | -€44,064 | -2.5% |
| Land and buildings | 22 | €1,743,716 | €1,699,749 | -€43,968 | -2.5% |
| Plant, machinery and equipment | 23 | €96 | - | -€96 | |
| Current assets | 29/58 | €14,128 | €6,456 | -€7,672 | -54.3% |
| Amounts receivable within one year | 40/41 | €11,693 | €314 | -€11,379 | -97.3% |
| Trade receivables | 40 | €10,398 | €314 | -€10,085 | -97.0% |
| Other amounts receivable | 41 | €1,295 | - | -€1,295 | |
| Cash at bank and in hand | 54/58 | €376 | €4,115 | +€3,739 | +994.9% |
| Deferred charges and accrued income | 490/1 | €2,059 | €2,027 | -€32 | -1.5% |
| Total equity and liabilities | 10/49 | €1,757,940 | €1,706,205 | -€51,736 | -2.9% |
| Equity | 10/15 | €398,213 | €421,416 | +€23,203 | +5.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €379,613 | €402,816 | +€23,203 | +6.1% |
| Tax-exempt reserves | 132 | €327,624 | €318,071 | -€9,553 | -2.9% |
| Distributable reserves | 133 | €51,989 | €84,745 | +€32,756 | +63.0% |
| Provisions and deferred taxes | 16 | €108,684 | €105,500 | -€3,184 | -2.9% |
| Deferred taxes | 168 | €108,684 | €105,500 | -€3,184 | -2.9% |
| Amounts payable | 17/49 | €1,251,043 | €1,179,289 | -€71,754 | -5.7% |
| Amounts payable after more than one year | 17 | €1,087,536 | €1,041,739 | -€45,796 | -4.2% |
| Financial debts | 170/4 | €1,087,536 | €1,041,739 | -€45,796 | -4.2% |
| Amounts payable within one year | 42/48 | €163,507 | €137,550 | -€25,958 | -15.9% |
| Current portion of amounts payable after more than one year | 42 | €53,153 | €45,796 | -€7,357 | -13.8% |
| Trade debts | 44 | €11,978 | €61 | -€11,918 | -99.5% |
| Suppliers | 440/4 | €11,978 | €61 | -€11,918 | -99.5% |
| Taxes, remuneration and social security | 45 | €14,249 | €12,591 | -€1,658 | -11.6% |
| Taxes | 450/3 | €14,249 | €12,591 | -€1,658 | -11.6% |
| Other amounts payable | 47/48 | €84,128 | €79,102 | -€5,026 | -6.0% |
| Non-recurring operating income | 76A | €4,985 | - | -€4,985 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,651 | €59,100 | +€448 | +0.8% |
| Other operating charges | 640/8 | €8,128 | €8,227 | +€98 | +1.2% |
| Gross operating margin | 9900 | €89,512 | €119,823 | +€30,312 | +33.9% |
| Operating profit (loss) | 9901 | €22,732 | €52,497 | +€29,765 | +130.9% |
| Financial income | 75/76B | €162 | - | -€162 | |
| Recurring financial income | 75 | €162 | - | -€162 | |
| Financial charges | 65/66B | €9,985 | €8,338 | -€1,648 | -16.5% |
| Recurring financial charges | 65 | €9,985 | €8,338 | -€1,648 | -16.5% |
| Profit (loss) for the period before taxes | 9903 | €12,909 | €44,159 | +€31,251 | +242.1% |
| Transfer from deferred taxes | 780 | €5,436 | €3,184 | -€2,252 | -41.4% |
| Income taxes | 67/77 | €9,409 | €24,141 | +€14,733 | +156.6% |
| Profit (loss) for the period | 9904 | €8,937 | €23,203 | +€14,266 | +159.6% |
| Transfer from tax-exempt reserves | 789 | €16,309 | €9,553 | -€6,756 | -41.4% |
| Profit (loss) for the period to be appropriated | 9905 | €25,246 | €32,756 | +€7,510 | +29.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.