VANROM: 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.
What changed
VANROM
NACE 64.210, Activities of holding companies
financial year 31-12-2024 compared with 31-12-2023filed annual accounts (NBB)
Net result for the year
-€1.5m
31-12-2023 · -€1.9m+€436,607
Equity
€3.1m
31-12-2023 · €4.6m-€1.5m
Cash
€123,568
31-12-2023 · €101,861+€21,707
Balance sheet total
€44.0m
31-12-2023 · €47.7m-€3.7m
Largest movements
Assets
- Receivables within one year -€3.7m
down €3.7m (-31.1%), from €12.0m to €8.3m
of which Trade receivables: -€5.0m
Equity and liabilities
- Other debts -€2.1m
down €2.1m (-39.2%), from €5.4m to €3.3m
- Profit (loss) carried forward -€1.5m
down €1.5m (-115%), from -€1.3m to -€2.8m
- Trade debts -€756,970
down €756,970 (-36.4%), from €2.1m to €1.3m
- Debts after one year +€587,896
up €587,896 (+1.7%), from €35.1m to €35.7m
Income statement
- Services and other goods +€756,059
up €756,059 (+40.2%), from €1.9m to €2.6m
- Turnover +€610,999
up €610,999 (+13.9%), from €4.4m to €5.0m
- Financial income +€385,465
up €385,465 (+366%), from €105,365 to €490,831
- Goods and materials +€270,555
up €270,555 (+8.7%), from €3.1m to €3.4m
- Other operating charges -€232,533
down €232,533 (-99.5%), from €233,635 to €1,103
From the 31-12-2023 result to the 31-12-2024 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.
Result 31-12-2023
-€1.9m
Turnover
+€610,999
Other operating income
-€218,623
Goods and materials
-€270,555
Services and other goods
-€756,059
Other operating charges
+€232,533
Other operating items
+€87,372
Financial income
+€385,465
Financial charges
+€140,240
Taxes
+€225,235
Result 31-12-2024
-€1.5m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 31-12-2023 and 31-12-2024 balance sheets and the 31-12-2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€906,644
Investment
-€125,000
Financing
+€1.1m
Cash 31-12-2023
€101,861
From operations (derived)
-€906,644
Net result for the year
-€1.5m
Receivables within one year
+€3.7m
Deferred charges and accrued income
+€86,988
Provisions
-€329,856
Trade debts
-€756,970
Tax, wage and social debts
-€28,246
Other debts
-€2.1m
Accrued charges and deferred income
+€15,000
Investment (derived)
-€125,000
Investment in fixed assets (net)
-€125,000
Financing
+€1.1m
Debts after one year
+€587,896
Short-term financial debts
+€465,454
Cash 31-12-2024
€123,568
brings cash intakes cash out
Every line side by side
| Line | Code | 31-12-2023 | 31-12-2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €47,661,600 | €43,984,909 | -€3.7m | -7.7% |
| Fixed assets | 21/28 | €35,430,000 | €35,555,000 | +€125,000 | +0.4% |
| Financial fixed assets | 28 | €35,430,000 | €35,555,000 | +€125,000 | +0.4% |
| Affiliated companies | 280/1 | €35,430,000 | €35,555,000 | +€125,000 | +0.4% |
| Participating interests | 280 | €7,180,000 | €7,180,000 | = | 0.0% |
| Amounts receivable | 281 | €28,250,000 | €28,375,000 | +€125,000 | +0.4% |
| Current assets | 29/58 | €12,231,600 | €8,429,909 | -€3.8m | -31.1% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €12,009,206 | €8,272,795 | -€3.7m | -31.1% |
| Trade receivables | 40 | €6,345,408 | €1,306,384 | -€5.0m | -79.4% |
| Other amounts receivable | 41 | €5,663,798 | €6,966,410 | +€1.3m | +23.0% |
| Cash at bank and in hand | 54/58 | €101,861 | €123,568 | +€21,707 | +21.3% |
| Deferred charges and accrued income | 490/1 | €120,533 | €33,546 | -€86,988 | -72.2% |
| Total equity and liabilities | 10/49 | €47,661,600 | €43,984,909 | -€3.7m | -7.7% |
| Equity | 10/15 | €4,618,867 | €3,107,850 | -€1.5m | -32.7% |
| Contributions | 10/11 | €5,898,600 | €5,898,600 | = | 0.0% |
| Capital | 10 | €5,898,600 | €5,898,600 | = | 0.0% |
| Issued capital | 100 | €5,898,600 | €5,898,600 | = | 0.0% |
| Reserves | 13 | €32,555 | €32,555 | = | 0.0% |
| Non-distributable reserves | 130/1 | €32,555 | €32,555 | = | 0.0% |
| Legal reserve | 130 | €32,555 | €32,555 | = | 0.0% |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€1,312,288 | -€2,823,304 | -€1.5m | -115% |
| Provisions and deferred taxes | 16 | €329,856 | - | -€329,856 | |
| Provisions for liabilities and charges | 160/5 | €329,856 | - | -€329,856 | |
| Taxes | 161 | €329,856 | - | -€329,856 | |
| Amounts payable | 17/49 | €42,712,877 | €40,877,058 | -€1.8m | -4.3% |
| Amounts payable after more than one year | 17 | €35,112,864 | €35,700,760 | +€587,896 | +1.7% |
| Financial debts | 170/4 | €35,112,864 | €35,700,760 | +€587,896 | +1.7% |
| Subordinated loans | 170 | €22,000,000 | €22,587,896 | +€587,896 | +2.7% |
| Other loans | 174 | €13,112,864 | €13,112,864 | = | 0.0% |
| Amounts payable within one year | 42/48 | €7,600,013 | €5,161,298 | -€2.4m | -32.1% |
| Financial debts | 43 | - | €465,454 | +€465,454 | |
| Credit institutions | 430/8 | - | €465,454 | +€465,454 | |
| Trade debts | 44 | €2,080,477 | €1,323,507 | -€756,970 | -36.4% |
| Suppliers | 440/4 | €2,080,477 | €1,323,507 | -€756,970 | -36.4% |
| Taxes, remuneration and social security | 45 | €117,510 | €89,264 | -€28,246 | -24.0% |
| Taxes | 450/3 | €117,510 | €89,264 | -€28,246 | -24.0% |
| Other amounts payable | 47/48 | €5,402,026 | €3,283,073 | -€2.1m | -39.2% |
| Accrued charges and deferred income | 492/3 | €0 | €15,000 | +€15,000 | |
| Operating income | 70/76A | €5,081,767 | €5,474,143 | +€392,376 | +7.7% |
| Turnover | 70 | €4,384,393 | €4,995,392 | +€610,999 | +13.9% |
| Other operating income | 74 | €697,374 | €478,751 | -€218,623 | -31.3% |
| Operating charges | 60/66A | €5,547,362 | €6,254,071 | +€706,709 | +12.7% |
| Goods for resale, raw materials and consumables | 60 | €3,112,800 | €3,383,354 | +€270,555 | +8.7% |
| Purchases | 600/8 | €3,112,800 | €3,383,354 | +€270,555 | +8.7% |
| Services and other goods | 61 | €1,879,824 | €2,635,883 | +€756,059 | +40.2% |
| Other operating charges | 640/8 | €233,635 | €1,103 | -€232,533 | -99.5% |
| Non-recurring operating charges | 66A | €321,103 | €233,731 | -€87,372 | -27.2% |
| Operating profit (loss) | 9901 | -€465,595 | -€779,929 | -€314,333 | -67.5% |
| Financial income | 75/76B | €105,365 | €490,831 | +€385,465 | +366% |
| Recurring financial income | 75 | €105,365 | €490,831 | +€385,465 | +366% |
| Income from current assets | 751 | €105,365 | €490,831 | +€385,465 | +366% |
| Financial charges | 65/66B | €1,282,683 | €1,142,443 | -€140,240 | -10.9% |
| Recurring financial charges | 65 | €1,282,683 | €1,142,443 | -€140,240 | -10.9% |
| Debt charges | 650 | €1,281,242 | €1,140,014 | -€141,228 | -11.0% |
| Other financial charges | 652/9 | €1,441 | €2,429 | +€987 | +68.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,642,913 | -€1,431,541 | +€211,372 | +12.9% |
| Income taxes | 67/77 | €304,711 | €79,476 | -€225,235 | -73.9% |
| Taxes | 670/3 | €304,711 | €87,162 | -€217,549 | -71.4% |
| Tax adjustments and reversals of tax provisions | 77 | - | €7,686 | +€7,686 | |
| Profit (loss) for the period | 9904 | -€1,947,624 | -€1,511,016 | +€436,607 | +22.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,947,624 | -€1,511,016 | +€436,607 | +22.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.