VANROTEN: 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.
VANROTEN
Largest movements
- Cash -€20,877
no longer reported in 2025 (was €20,877)
mainly Short-term financial debts (-€74,260) and Investment in fixed assets (net) (-€36,506)
- Stocks and contracts +€6,621
up €6,621 (+9.8%), from €67,676 to €74,296
- Short-term financial debts -€74,260
down €74,260 (-99.0%), from €75,000 to €740
- Debts after one year +€59,594
up €59,594 (+23.0%), from €259,458 to €319,051
of which Other amounts payable: +€37,562
- Trade debts +€8,434
up €8,434 (+34.0%), from €24,775 to €33,209
- Gross operating margin +€54,191
up €54,191 (+1977.2%), from €2,741 to €56,931
- Other operating charges +€7,065
up €7,065 (+87.4%), from €8,079 to €15,145
- Depreciation -€1,530
down €1,530 (-4.1%), from €37,225 to €35,695
- Financial charges -€1,063
down €1,063 (-12.8%), from €8,335 to €7,272
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €380,424 | €370,744 | -€9,681 | -2.5% |
| Fixed assets | 21/28 | €278,312 | €279,122 | +€811 | +0.3% |
| Tangible fixed assets | 22/27 | €277,912 | €278,922 | +€1,011 | +0.4% |
| Land and buildings | 22 | €219,046 | €208,492 | -€10,554 | -4.8% |
| Plant, machinery and equipment | 23 | €4,208 | €8,005 | +€3,797 | +90.2% |
| Furniture and vehicles | 24 | €54,657 | €62,425 | +€7,768 | +14.2% |
| Financial fixed assets | 28 | €400 | €200 | -€200 | -50.0% |
| Current assets | 29/58 | €102,113 | €91,622 | -€10,491 | -10.3% |
| Stocks and contracts in progress | 3 | €67,676 | €74,296 | +€6,621 | +9.8% |
| Stocks | 30/36 | €67,676 | €74,296 | +€6,621 | +9.8% |
| Amounts receivable within one year | 40/41 | €11,568 | €14,653 | +€3,085 | +26.7% |
| Trade receivables | 40 | €11,568 | €14,653 | +€3,085 | +26.7% |
| Cash at bank and in hand | 54/58 | €20,877 | - | -€20,877 | |
| Deferred charges and accrued income | 490/1 | €1,992 | €2,672 | +€680 | +34.1% |
| Total equity and liabilities | 10/49 | €380,424 | €370,744 | -€9,681 | -2.5% |
| Equity | 10/15 | -€19,474 | -€20,629 | -€1,155 | -5.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €28,407 | €28,407 | = | 0.0% |
| Distributable reserves | 133 | €28,407 | €28,407 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,880 | -€52,035 | -€1,155 | -2.3% |
| Amounts payable | 17/49 | €399,898 | €391,373 | -€8,525 | -2.1% |
| Amounts payable after more than one year | 17 | €259,458 | €319,051 | +€59,594 | +23.0% |
| Financial debts | 170/4 | €150,190 | €172,222 | +€22,032 | +14.7% |
| Other amounts payable | 178/9 | €109,267 | €146,829 | +€37,562 | +34.4% |
| Amounts payable within one year | 42/48 | €140,441 | €72,321 | -€68,119 | -48.5% |
| Current portion of amounts payable after more than one year | 42 | €21,371 | €22,536 | +€1,165 | +5.4% |
| Financial debts | 43 | €75,000 | €740 | -€74,260 | -99.0% |
| Credit institutions | 430/8 | €75,000 | €740 | -€74,260 | -99.0% |
| Trade debts | 44 | €24,775 | €33,209 | +€8,434 | +34.0% |
| Suppliers | 440/4 | €24,775 | €33,209 | +€8,434 | +34.0% |
| Taxes, remuneration and social security | 45 | €19,294 | €15,837 | -€3,457 | -17.9% |
| Taxes | 450/3 | €19,294 | €11,817 | -€7,477 | -38.8% |
| Remuneration and social security | 454/9 | - | €4,020 | +€4,020 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,225 | €35,695 | -€1,530 | -4.1% |
| Other operating charges | 640/8 | €8,079 | €15,145 | +€7,065 | +87.4% |
| Gross operating margin | 9900 | €2,741 | €56,931 | +€54,191 | +1977.2% |
| Operating profit (loss) | 9901 | -€42,564 | €6,092 | +€48,655 | |
| Financial income | 75/76B | €18 | €25 | +€7 | +39.3% |
| Recurring financial income | 75 | €18 | €25 | +€7 | +39.3% |
| Financial charges | 65/66B | €8,335 | €7,272 | -€1,063 | -12.8% |
| Recurring financial charges | 65 | €8,335 | €7,272 | -€1,063 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | -€50,880 | -€1,155 | +€49,725 | +97.7% |
| Profit (loss) for the period | 9904 | -€50,880 | -€1,155 | +€49,725 | +97.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€50,880 | -€1,155 | +€49,725 | +97.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.