Vanshan: 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.
Vanshan
Largest movements
- Cash +€14,602
up €14,602 (+116.2%), from €12,568 to €27,170
mainly Net result for the year (+€11,824) and Depreciation (+€6,054)
- Receivables within one year +€7,357
up €7,357 (+139.1%), from €5,287 to €12,644
of which Trade receivables: +€6,222
- Tangible fixed assets -€6,054
down €6,054 (-29.5%), from €20,531 to €14,478
of which Leasing and similar rights: -€5,452
- Stocks and contracts -€4,851
down €4,851 (-62.7%), from €7,736 to €2,884
- Deferred charges and accrued income +€1,208
up €1,208 (+180.2%), from €670 to €1,878
- Profit (loss) carried forward +€11,824
up €11,824 (+135.4%), from €8,735 to €20,559
- Trade debts +€5,815
up €5,815 (+1982.3%), from €293 to €6,108
- Debts after one year -€4,848
down €4,848 (-34.8%), from €13,913 to €9,065
- Current portion of long-term debt -€4,848
no longer reported in 2024 (was €4,848)
- Tax, wage and social debts +€4,319
up €4,319 (+33.2%), from €13,003 to €17,322
of which Taxes: +€4,455
- Gross operating margin +€36,146
up €36,146 (+54.8%), from €65,973 to €102,119
- Staff costs +€13,325
up €13,325 (+21.2%), from €62,893 to €76,218
- Depreciation +€5,511
up €5,511 (+1015.3%), from €543 to €6,054
- Taxes +€3,793
up €3,793 (+1040.2%), from €365 to €4,158
- Other operating charges +€2,813
up €2,813 (+687.7%), from €409 to €3,222
From the 2023 result to the 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €46,792 | €59,054 | +€12,262 | +26.2% |
| Fixed assets | 21/28 | €20,531 | €14,478 | -€6,054 | -29.5% |
| Tangible fixed assets | 22/27 | €20,531 | €14,478 | -€6,054 | -29.5% |
| Plant, machinery and equipment | 23 | €2,722 | €2,120 | -€602 | -22.1% |
| Leasing and similar rights | 25 | €17,810 | €12,358 | -€5,452 | -30.6% |
| Current assets | 29/58 | €26,261 | €44,576 | +€18,315 | +69.7% |
| Stocks and contracts in progress | 3 | €7,736 | €2,884 | -€4,851 | -62.7% |
| Stocks | 30/36 | €7,736 | €2,884 | -€4,851 | -62.7% |
| Amounts receivable within one year | 40/41 | €5,287 | €12,644 | +€7,357 | +139.1% |
| Trade receivables | 40 | €297 | €6,518 | +€6,222 | +2098.0% |
| Other amounts receivable | 41 | €4,991 | €6,126 | +€1,135 | +22.7% |
| Cash at bank and in hand | 54/58 | €12,568 | €27,170 | +€14,602 | +116.2% |
| Deferred charges and accrued income | 490/1 | €670 | €1,878 | +€1,208 | +180.2% |
| Total equity and liabilities | 10/49 | €46,792 | €59,054 | +€12,262 | +26.2% |
| Equity | 10/15 | €14,735 | €26,559 | +€11,824 | +80.2% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,735 | €20,559 | +€11,824 | +135.4% |
| Amounts payable | 17/49 | €32,058 | €32,495 | +€437 | +1.4% |
| Amounts payable after more than one year | 17 | €13,913 | €9,065 | -€4,848 | -34.8% |
| Financial debts | 170/4 | €13,913 | €9,065 | -€4,848 | -34.8% |
| Amounts payable within one year | 42/48 | €18,144 | €23,430 | +€5,286 | +29.1% |
| Current portion of amounts payable after more than one year | 42 | €4,848 | - | -€4,848 | |
| Trade debts | 44 | €293 | €6,108 | +€5,815 | +1982.3% |
| Suppliers | 440/4 | €293 | €6,108 | +€5,815 | +1982.3% |
| Taxes, remuneration and social security | 45 | €13,003 | €17,322 | +€4,319 | +33.2% |
| Taxes | 450/3 | €9,889 | €14,345 | +€4,455 | +45.1% |
| Remuneration and social security | 454/9 | €3,113 | €2,977 | -€137 | -4.4% |
| Remuneration, social security and pensions | 62 | €62,893 | €76,218 | +€13,325 | +21.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €543 | €6,054 | +€5,511 | +1015.3% |
| Other operating charges | 640/8 | €409 | €3,222 | +€2,813 | +687.7% |
| Gross operating margin | 9900 | €65,973 | €102,119 | +€36,146 | +54.8% |
| Operating profit (loss) | 9901 | €2,129 | €16,626 | +€14,498 | +681.1% |
| Financial income | 75/76B | €0 | €0 | +€0 | +75.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +75.0% |
| Financial charges | 65/66B | €640 | €644 | +€4 | +0.7% |
| Recurring financial charges | 65 | €640 | €644 | +€4 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | €1,489 | €15,982 | +€14,493 | +973.3% |
| Income taxes | 67/77 | €365 | €4,158 | +€3,793 | +1040.2% |
| Profit (loss) for the period | 9904 | €1,124 | €11,824 | +€10,700 | +951.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,124 | €11,824 | +€10,700 | +951.6% |
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 9 October 2026 via checked.be.