VANTARE: 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.
VANTARE
Largest movements
- Cash +€16,551
up €16,551 (+40.1%), from €41,260 to €57,810
mainly Net result for the year (+€34,729) and Receivables within one year (+€1,263)
- Receivables within one year -€1,263
down €1,263 (-7.8%), from €16,283 to €15,020
of which Trade receivables: -€1,357
- Profit (loss) carried forward +€34,729
up €34,729 (+135.6%), from €25,603 to €60,332
- Tax, wage and social debts -€12,670
down €12,670 (-53.3%), from €23,765 to €11,095
of which Taxes: -€12,670
- Other debts -€7,538
down €7,538 (-68.6%), from €10,986 to €3,448
- Gross operating margin -€8,918
down €8,918 (-16.0%), from €55,902 to €46,984
- Taxes -€1,991
down €1,991 (-15.8%), from €12,619 to €10,628
- Financial income +€801
up €801 (+2669766.7%), from €0 to €801
- Depreciation +€605
up €605 (+913.9%), from €66 to €672
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 | €62,297 | €76,724 | +€14,428 | +23.2% |
| Fixed assets | 21/28 | €3,291 | €2,620 | -€672 | -20.4% |
| Tangible fixed assets | 22/27 | €3,291 | €2,620 | -€672 | -20.4% |
| Furniture and vehicles | 24 | €3,291 | €2,620 | -€672 | -20.4% |
| Current assets | 29/58 | €59,005 | €74,105 | +€15,099 | +25.6% |
| Amounts receivable within one year | 40/41 | €16,283 | €15,020 | -€1,263 | -7.8% |
| Trade receivables | 40 | €16,271 | €14,913 | -€1,357 | -8.3% |
| Other amounts receivable | 41 | €12 | €107 | +€95 | +758.1% |
| Cash at bank and in hand | 54/58 | €41,260 | €57,810 | +€16,551 | +40.1% |
| Deferred charges and accrued income | 490/1 | €1,463 | €1,274 | -€188 | -12.9% |
| Total equity and liabilities | 10/49 | €62,297 | €76,724 | +€14,428 | +23.2% |
| Equity | 10/15 | €26,603 | €61,332 | +€34,729 | +130.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,603 | €60,332 | +€34,729 | +135.6% |
| Amounts payable | 17/49 | €35,694 | €15,392 | -€20,302 | -56.9% |
| Amounts payable within one year | 42/48 | €35,694 | €15,392 | -€20,302 | -56.9% |
| Trade debts | 44 | €943 | €849 | -€94 | -9.9% |
| Suppliers | 440/4 | €943 | €849 | -€94 | -9.9% |
| Taxes, remuneration and social security | 45 | €23,765 | €11,095 | -€12,670 | -53.3% |
| Taxes | 450/3 | €21,590 | €8,920 | -€12,670 | -58.7% |
| Remuneration and social security | 454/9 | €2,175 | €2,175 | = | 0.0% |
| Other amounts payable | 47/48 | €10,986 | €3,448 | -€7,538 | -68.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66 | €672 | +€605 | +913.9% |
| Other operating charges | 640/8 | €921 | €1,419 | +€498 | +54.0% |
| Non-recurring operating charges | 66A | €4,646 | €0 | -€4,646 | -100.0% |
| Gross operating margin | 9900 | €55,902 | €46,984 | -€8,918 | -16.0% |
| Operating profit (loss) | 9901 | €50,268 | €44,894 | -€5,374 | -10.7% |
| Financial income | 75/76B | €0 | €801 | +€801 | +2669766.7% |
| Recurring financial income | 75 | €0 | €801 | +€801 | +2669766.7% |
| Financial charges | 65/66B | €282 | €337 | +€56 | +19.8% |
| Recurring financial charges | 65 | €282 | €337 | +€56 | +19.8% |
| Profit (loss) for the period before taxes | 9903 | €49,986 | €45,357 | -€4,629 | -9.3% |
| Income taxes | 67/77 | €12,619 | €10,628 | -€1,991 | -15.8% |
| Profit (loss) for the period | 9904 | €37,367 | €34,729 | -€2,638 | -7.1% |
| Profit (loss) for the period to be appropriated | 9905 | €37,367 | €34,729 | -€2,638 | -7.1% |
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.