VANTEC: 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.
VANTEC
Largest movements
- Tangible fixed assets +€50,953
up €50,953 (+918%), from €5,550 to €56,503
of which Plant, machinery and equipment: +€32,803
- Receivables within one year +€8,371
up €8,371 (+60.2%), from €13,905 to €22,276
of which Other amounts receivable: +€13,098
- Trade debts +€31,167
up €31,167 (+902%), from €3,456 to €34,623
- Profit (loss) carried forward +€20,720
up €20,720 (+211%), from €9,812 to €30,532
- Tax, wage and social debts +€7,437
up €7,437 (+137%), from €5,437 to €12,874
of which Taxes: +€9,707
- Gross operating margin +€24,594
up €24,594 (+160%), from €15,416 to €40,010
- Depreciation +€13,708
new in 2024: €13,708
- Purchases and services -€3,475
no longer reported in 2024 (was €3,475)
- Staff costs -€2,985
down €2,985 (-100%), from €2,985 to €0
- Taxes +€2,727
up €2,727 (+111%), from €2,453 to €5,180
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.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,705 | €79,029 | +€59,324 | +301% |
| Fixed assets | 21/28 | €5,800 | €56,753 | +€50,953 | +879% |
| Tangible fixed assets | 22/27 | €5,550 | €56,503 | +€50,953 | +918% |
| Plant, machinery and equipment | 23 | €5,550 | €38,353 | +€32,803 | +591% |
| Furniture and vehicles | 24 | - | €18,150 | +€18,150 | |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €13,905 | €22,276 | +€8,371 | +60.2% |
| Amounts receivable within one year | 40/41 | €13,905 | €22,276 | +€8,371 | +60.2% |
| Trade receivables | 40 | €13,182 | €8,455 | -€4,727 | -35.9% |
| Other amounts receivable | 41 | €723 | €13,821 | +€13,098 | +1,812% |
| Current investments | 50/53 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €19,705 | €79,029 | +€59,324 | +301% |
| Equity | 10/15 | €10,812 | €31,532 | +€20,720 | +192% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,812 | €30,532 | +€20,720 | +211% |
| Amounts payable | 17/49 | €8,893 | €47,497 | +€38,604 | +434% |
| Amounts payable within one year | 42/48 | €8,893 | €47,497 | +€38,604 | +434% |
| Trade debts | 44 | €3,456 | €34,623 | +€31,167 | +902% |
| Suppliers | 440/4 | €3,456 | €34,623 | +€31,167 | +902% |
| Taxes, remuneration and social security | 45 | €5,437 | €12,874 | +€7,437 | +137% |
| Taxes | 450/3 | €2,579 | €12,286 | +€9,707 | +376% |
| Remuneration and social security | 454/9 | €2,858 | €588 | -€2,270 | -79.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €3,475 | - | -€3,475 | |
| Remuneration, social security and pensions | 62 | €2,985 | €0 | -€2,985 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €13,708 | +€13,708 | |
| Other operating charges | 640/8 | - | €150 | +€150 | |
| Gross operating margin | 9900 | €15,416 | €40,010 | +€24,594 | +160% |
| Operating profit (loss) | 9901 | €12,431 | €26,152 | +€13,721 | +110% |
| Financial charges | 65/66B | €166 | €252 | +€86 | +51.8% |
| Recurring financial charges | 65 | €166 | €252 | +€86 | +51.8% |
| Profit (loss) for the period before taxes | 9903 | €12,265 | €25,900 | +€13,635 | +111% |
| Income taxes | 67/77 | €2,453 | €5,180 | +€2,727 | +111% |
| Profit (loss) for the period | 9904 | €9,812 | €20,720 | +€10,908 | +111% |
| Profit (loss) for the period to be appropriated | 9905 | €9,812 | €20,720 | +€10,908 | +111% |
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 23 October 2026 via checked.be.