VANTERS: 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.
VANTERS
Largest movements
- Tangible fixed assets -€9,429
down €9,429 (-3.2%), from €297,737 to €288,308
- Cash +€7,389
up €7,389 (+1493.3%), from €495 to €7,884
mainly Depreciation (+€9,429) and Advances received (+€7,744)
- Receivables within one year +€3,972
up €3,972 (+7.0%), from €56,382 to €60,353
of which Trade receivables: +€3,972
- Debts after one year -€13,141
down €13,141 (-24.0%), from €54,783 to €41,643
- Advances received +€7,744
new in 2025: €7,744
- Tax, wage and social debts +€6,951
up €6,951 (+198.1%), from €3,508 to €10,459
of which Remuneration and social security: +€6,804
- Trade debts -€5,747
down €5,747 (-10.9%), from €52,734 to €46,987
- Profit (loss) carried forward +€4,743
up €4,743 (+11.2%), from €42,324 to €47,067
- Gross operating margin +€3,064
up €3,064 (+19.1%), from €16,052 to €19,116
- Taxes +€482
up €482 (+376.3%), from €128 to €610
- Financial charges -€237
down €237 (-5.3%), from €4,512 to €4,275
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 | €354,613 | €356,890 | +€2,277 | +0.6% |
| Fixed assets | 21/28 | €297,737 | €288,308 | -€9,429 | -3.2% |
| Tangible fixed assets | 22/27 | €297,737 | €288,308 | -€9,429 | -3.2% |
| Land and buildings | 22 | €297,737 | €288,308 | -€9,429 | -3.2% |
| Current assets | 29/58 | €56,877 | €68,582 | +€11,706 | +20.6% |
| Amounts receivable within one year | 40/41 | €56,382 | €60,353 | +€3,972 | +7.0% |
| Trade receivables | 40 | €52,252 | €56,224 | +€3,972 | +7.6% |
| Other amounts receivable | 41 | €4,130 | €4,130 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €495 | €7,884 | +€7,389 | +1493.3% |
| Deferred charges and accrued income | 490/1 | - | €345 | +€345 | |
| Total equity and liabilities | 10/49 | €354,613 | €356,890 | +€2,277 | +0.6% |
| Equity | 10/15 | €56,584 | €61,327 | +€4,743 | +8.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,324 | €47,067 | +€4,743 | +11.2% |
| Amounts payable | 17/49 | €298,029 | €295,563 | -€2,466 | -0.8% |
| Amounts payable after more than one year | 17 | €54,783 | €41,643 | -€13,141 | -24.0% |
| Financial debts | 170/4 | €54,783 | €41,643 | -€13,141 | -24.0% |
| Amounts payable within one year | 42/48 | €243,246 | €253,921 | +€10,675 | +4.4% |
| Current portion of amounts payable after more than one year | 42 | €12,540 | €13,141 | +€601 | +4.8% |
| Trade debts | 44 | €52,734 | €46,987 | -€5,747 | -10.9% |
| Suppliers | 440/4 | €52,734 | €46,987 | -€5,747 | -10.9% |
| Advances received on contracts in progress | 46 | - | €7,744 | +€7,744 | |
| Taxes, remuneration and social security | 45 | €3,508 | €10,459 | +€6,951 | +198.1% |
| Taxes | 450/3 | €3,508 | €3,655 | +€147 | +4.2% |
| Remuneration and social security | 454/9 | - | €6,804 | +€6,804 | |
| Other amounts payable | 47/48 | €174,464 | €175,590 | +€1,126 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,429 | €9,429 | = | 0.0% |
| Other operating charges | 640/8 | €202 | €64 | -€138 | -68.1% |
| Gross operating margin | 9900 | €16,052 | €19,116 | +€3,064 | +19.1% |
| Operating profit (loss) | 9901 | €6,421 | €9,623 | +€3,202 | +49.9% |
| Financial income | 75/76B | €11 | €5 | -€6 | -55.3% |
| Recurring financial income | 75 | €11 | €5 | -€6 | -55.3% |
| Financial charges | 65/66B | €4,512 | €4,275 | -€237 | -5.3% |
| Recurring financial charges | 65 | €4,512 | €4,275 | -€237 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €1,919 | €5,353 | +€3,434 | +178.9% |
| Income taxes | 67/77 | €128 | €610 | +€482 | +376.3% |
| Profit (loss) for the period | 9904 | €1,791 | €4,743 | +€2,952 | +164.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,791 | €4,743 | +€2,952 | +164.8% |
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 10 October 2026 via checked.be.