VANSEER JOY: 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.
VANSEER JOY
Largest movements
- Receivables within one year +€8,641
up €8,641 (+55.7%), from €15,506 to €24,147
- Deferred charges and accrued income +€2,502
up €2,502 (+16.0%), from €15,638 to €18,141
- Cash +€1,437
up €1,437 (+528.2%), from €272 to €1,709
mainly Net result for the year (+€9,973) and Tax, wage and social debts (+€3,831)
- Reserves +€9,973
up €9,973 (+54.2%), from €18,385 to €28,358
- Tax, wage and social debts +€3,831
up €3,831 (+39.4%), from €9,721 to €13,552
- Trade debts -€1,223
down €1,223 (-93.3%), from €1,311 to €87
- Gross operating margin -€10,904
down €10,904 (-44.6%), from €24,455 to €13,551
- Taxes -€2,140
down €2,140 (-35.8%), from €5,971 to €3,831
- Other operating charges -€525
down €525 (-46.0%), from €1,140 to €615
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 | €31,417 | €43,997 | +€12,580 | +40.0% |
| Current assets | 29/58 | €31,417 | €43,997 | +€12,580 | +40.0% |
| Amounts receivable within one year | 40/41 | €15,506 | €24,147 | +€8,641 | +55.7% |
| Other amounts receivable | 41 | €15,506 | €24,147 | +€8,641 | +55.7% |
| Cash at bank and in hand | 54/58 | €272 | €1,709 | +€1,437 | +528.2% |
| Deferred charges and accrued income | 490/1 | €15,638 | €18,141 | +€2,502 | +16.0% |
| Total equity and liabilities | 10/49 | €31,417 | €43,997 | +€12,580 | +40.0% |
| Equity | 10/15 | €20,385 | €30,358 | +€9,973 | +48.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €18,385 | €28,358 | +€9,973 | +54.2% |
| Distributable reserves | 133 | €18,385 | €28,358 | +€9,973 | +54.2% |
| Amounts payable | 17/49 | €11,032 | €13,639 | +€2,608 | +23.6% |
| Amounts payable within one year | 42/48 | €11,032 | €13,639 | +€2,608 | +23.6% |
| Trade debts | 44 | €1,311 | €87 | -€1,223 | -93.3% |
| Suppliers | 440/4 | €1,311 | €87 | -€1,223 | -93.3% |
| Taxes, remuneration and social security | 45 | €9,721 | €13,552 | +€3,831 | +39.4% |
| Taxes | 450/3 | €9,721 | €13,552 | +€3,831 | +39.4% |
| Other operating charges | 640/8 | €1,140 | €615 | -€525 | -46.0% |
| Gross operating margin | 9900 | €24,455 | €13,551 | -€10,904 | -44.6% |
| Operating profit (loss) | 9901 | €23,315 | €12,936 | -€10,379 | -44.5% |
| Financial income | 75/76B | €1,211 | €1,138 | -€73 | -6.0% |
| Recurring financial income | 75 | €1,211 | €1,138 | -€73 | -6.0% |
| Financial charges | 65/66B | €170 | €270 | +€100 | +58.9% |
| Recurring financial charges | 65 | €170 | €270 | +€100 | +58.9% |
| Profit (loss) for the period before taxes | 9903 | €24,356 | €13,804 | -€10,552 | -43.3% |
| Income taxes | 67/77 | €5,971 | €3,831 | -€2,140 | -35.8% |
| Profit (loss) for the period | 9904 | €18,385 | €9,973 | -€8,412 | -45.8% |
| Profit (loss) for the period to be appropriated | 9905 | €18,385 | €9,973 | -€8,412 | -45.8% |
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 9 October 2026 via checked.be.