VANTAL: 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.
VANTAL
Largest movements
- Tangible fixed assets +€33,255
up €33,255 (+28.0%), from €118,865 to €152,120
of which Furniture and vehicles: +€33,255
- Receivables within one year +€3,813
new in 2025: €3,813
of which Other amounts receivable: +€2,603
- Deferred charges and accrued income +€2,584
new in 2025: €2,584
- Debts after one year +€23,572
up €23,572 (+2724.4%), from €865 to €24,438
- Reserves +€15,462
up €15,462 (+16.5%), from €93,588 to €109,050
of which Distributable reserves: +€16,897
- Current portion of long-term debt +€2,208
up €2,208 (+42.7%), from €5,174 to €7,382
- Taxes +€2,844
up €2,844 (+51.7%), from €5,500 to €8,344
- Depreciation -€2,730
down €2,730 (-48.3%), from €5,649 to €2,920
- Gross operating margin +€2,528
up €2,528 (+9.7%), from €26,164 to €28,692
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 | €135,971 | €177,277 | +€41,306 | +30.4% |
| Fixed assets | 21/28 | €119,011 | €152,266 | +€33,255 | +27.9% |
| Tangible fixed assets | 22/27 | €118,865 | €152,120 | +€33,255 | +28.0% |
| Land and buildings | 22 | €112,411 | €112,411 | = | 0.0% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €6,454 | €39,710 | +€33,255 | +515.2% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | €146 | €146 | = | 0.0% |
| Current assets | 29/58 | €16,960 | €25,011 | +€8,050 | +47.5% |
| Amounts receivable within one year | 40/41 | - | €3,813 | +€3,813 | |
| Trade receivables | 40 | - | €1,210 | +€1,210 | |
| Other amounts receivable | 41 | - | €2,603 | +€2,603 | |
| Cash at bank and in hand | 54/58 | €16,960 | €18,614 | +€1,654 | +9.7% |
| Deferred charges and accrued income | 490/1 | - | €2,584 | +€2,584 | |
| Total equity and liabilities | 10/49 | €135,971 | €177,277 | +€41,306 | +30.4% |
| Equity | 10/15 | €112,188 | €127,650 | +€15,462 | +13.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €93,588 | €109,050 | +€15,462 | +16.5% |
| Tax-exempt reserves | 132 | €28,100 | €26,666 | -€1,435 | -5.1% |
| Distributable reserves | 133 | €65,488 | €82,385 | +€16,897 | +25.8% |
| Provisions and deferred taxes | 16 | €14,469 | €13,731 | -€739 | -5.1% |
| Deferred taxes | 168 | €14,469 | €13,731 | -€739 | -5.1% |
| Amounts payable | 17/49 | €9,313 | €35,895 | +€26,582 | +285.4% |
| Amounts payable after more than one year | 17 | €865 | €24,438 | +€23,572 | +2724.4% |
| Financial debts | 170/4 | €865 | €24,438 | +€23,572 | +2724.4% |
| Amounts payable within one year | 42/48 | €8,448 | €11,458 | +€3,010 | +35.6% |
| Current portion of amounts payable after more than one year | 42 | €5,174 | €7,382 | +€2,208 | +42.7% |
| Trade debts | 44 | €1,473 | €1,553 | +€80 | +5.4% |
| Suppliers | 440/4 | €1,473 | €1,553 | +€80 | +5.4% |
| Taxes, remuneration and social security | 45 | €155 | - | -€155 | |
| Taxes | 450/3 | €155 | - | -€155 | |
| Other amounts payable | 47/48 | €1,646 | €2,523 | +€877 | +53.2% |
| Non-recurring operating income | 76A | - | €4,546 | +€4,546 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,649 | €2,920 | -€2,730 | -48.3% |
| Other operating charges | 640/8 | €2,729 | €2,725 | -€5 | -0.2% |
| Gross operating margin | 9900 | €26,164 | €28,692 | +€2,528 | +9.7% |
| Operating profit (loss) | 9901 | €17,786 | €23,048 | +€5,262 | +29.6% |
| Financial income | 75/76B | €58 | €154 | +€96 | +164.6% |
| Recurring financial income | 75 | €58 | €154 | +€96 | +164.6% |
| Financial charges | 65/66B | €152 | €134 | -€18 | -12.1% |
| Recurring financial charges | 65 | €152 | €134 | -€18 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €17,692 | €23,068 | +€5,376 | +30.4% |
| Transfer from deferred taxes | 780 | €739 | €739 | = | 0.0% |
| Income taxes | 67/77 | €5,500 | €8,344 | +€2,844 | +51.7% |
| Profit (loss) for the period | 9904 | €12,930 | €15,462 | +€2,532 | +19.6% |
| Transfer from tax-exempt reserves | 789 | €1,435 | €1,435 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,365 | €16,897 | +€2,532 | +17.6% |
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 3 October 2026 via checked.be.