VANTHO: 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.
VANTHO
Largest movements
- Stocks and contracts +€121,900
up €121,900 (+812.7%), from €15,000 to €136,900
- Cash +€118,166
up €118,166 (+119.3%), from €99,069 to €217,235
mainly Net result for the year (+€386,154) and Other debts (+€93,851)
- Receivables within one year +€46,672
up €46,672 (+164.1%), from €28,435 to €75,107
of which Other amounts receivable: +€42,437
- Tangible fixed assets -€24,309
down €24,309 (-3.6%), from €667,567 to €643,257
of which Land and buildings: -€23,672
- Reserves +€287,854
up €287,854 (+25.6%), from €1.1m to €1.4m
of which Distributable reserves: +€287,854
- Other debts +€93,851
up €93,851 (+2944.8%), from €3,187 to €97,038
- Debts after one year -€70,968
down €70,968 (-13.4%), from €527,787 to €456,820
of which Financial debts: -€70,968
- Current portion of long-term debt -€29,623
down €29,623 (-29.4%), from €100,591 to €70,968
- Tax, wage and social debts -€28,753
down €28,753 (-83.9%), from €34,288 to €5,535
of which Taxes: -€28,753
- Turnover -€481,048
down €481,048 (-54.9%), from €876,000 to €394,952
- Financial income +€229,873
up €229,873 (+255414133.3%), from €0 to €229,873
- Taxes -€114,291
down €114,291 (-77.1%), from €148,263 to €33,972
of which Taxes: -€100,700
- Goods and materials -€48,645
down €48,645 (-43.6%), from €111,645 to €63,000
of which Change in stocks: decrease (increase): -€121,900
- Services and other goods -€29,537
down €29,537 (-21.9%), from €134,865 to €105,328
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 | €1,815,697 | €2,078,116 | +€262,419 | +14.5% |
| Fixed assets | 21/28 | €1,671,467 | €1,647,157 | -€24,309 | -1.5% |
| Tangible fixed assets | 22/27 | €667,567 | €643,257 | -€24,309 | -3.6% |
| Land and buildings | 22 | €666,929 | €643,257 | -€23,672 | -3.5% |
| Furniture and vehicles | 24 | €638 | €0 | -€638 | -100.0% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €1,003,900 | €1,003,900 | = | 0.0% |
| Affiliated companies | 280/1 | €1,003,900 | €1,003,900 | = | 0.0% |
| Participating interests | 280 | €1,003,900 | €1,003,900 | = | 0.0% |
| Current assets | 29/58 | €144,230 | €430,959 | +€286,729 | +198.8% |
| Stocks and contracts in progress | 3 | €15,000 | €136,900 | +€121,900 | +812.7% |
| Stocks | 30/36 | €15,000 | €136,900 | +€121,900 | +812.7% |
| Goods purchased for resale | 34 | €15,000 | €136,900 | +€121,900 | +812.7% |
| Amounts receivable within one year | 40/41 | €28,435 | €75,107 | +€46,672 | +164.1% |
| Trade receivables | 40 | €28,435 | €32,670 | +€4,235 | +14.9% |
| Other amounts receivable | 41 | €0 | €42,437 | +€42,437 | |
| Cash at bank and in hand | 54/58 | €99,069 | €217,235 | +€118,166 | +119.3% |
| Deferred charges and accrued income | 490/1 | €1,727 | €1,717 | -€9 | -0.5% |
| Total equity and liabilities | 10/49 | €1,815,697 | €2,078,116 | +€262,419 | +14.5% |
| Equity | 10/15 | €1,144,752 | €1,432,606 | +€287,854 | +25.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,124,752 | €1,412,606 | +€287,854 | +25.6% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €1,122,752 | €1,410,606 | +€287,854 | +25.6% |
| Amounts payable | 17/49 | €670,945 | €645,511 | -€25,434 | -3.8% |
| Amounts payable after more than one year | 17 | €527,787 | €456,820 | -€70,968 | -13.4% |
| Financial debts | 170/4 | €427,787 | €356,820 | -€70,968 | -16.6% |
| Leasing and similar obligations | 172 | €0 | - | = | |
| Credit institutions | 173 | €427,787 | €356,820 | -€70,968 | -16.6% |
| Other amounts payable | 178/9 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €139,138 | €178,043 | +€38,905 | +28.0% |
| Current portion of amounts payable after more than one year | 42 | €100,591 | €70,968 | -€29,623 | -29.4% |
| Trade debts | 44 | €1,072 | €4,502 | +€3,430 | +319.9% |
| Suppliers | 440/4 | €1,072 | €4,502 | +€3,430 | +319.9% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €34,288 | €5,535 | -€28,753 | -83.9% |
| Taxes | 450/3 | €34,288 | €5,535 | -€28,753 | -83.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €3,187 | €97,038 | +€93,851 | +2944.8% |
| Accrued charges and deferred income | 492/3 | €4,020 | €10,648 | +€6,628 | +164.9% |
| Operating income | 70/76A | €885,079 | €405,342 | -€479,737 | -54.2% |
| Turnover | 70 | €876,000 | €394,952 | -€481,048 | -54.9% |
| Other operating income | 74 | €9,079 | €10,390 | +€1,311 | +14.4% |
| Operating charges | 60/66A | €273,838 | €195,137 | -€78,702 | -28.7% |
| Goods for resale, raw materials and consumables | 60 | €111,645 | €63,000 | -€48,645 | -43.6% |
| Purchases | 600/8 | €111,645 | €184,900 | +€73,255 | +65.6% |
| Change in stocks: decrease (increase) | 609 | - | -€121,900 | -€121,900 | |
| Services and other goods | 61 | €134,865 | €105,328 | -€29,537 | -21.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,881 | €24,309 | -€572 | -2.3% |
| Other operating charges | 640/8 | €2,446 | €2,499 | +€53 | +2.2% |
| Operating profit (loss) | 9901 | €611,241 | €210,206 | -€401,035 | -65.6% |
| Financial income | 75/76B | €0 | €229,873 | +€229,873 | +255414133.3% |
| Recurring financial income | 75 | €0 | €229,873 | +€229,873 | +255414133.3% |
| Income from financial fixed assets | 750 | - | €229,873 | +€229,873 | |
| Other financial income | 752/9 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €18,189 | €19,953 | +€1,763 | +9.7% |
| Recurring financial charges | 65 | €18,189 | €19,953 | +€1,763 | +9.7% |
| Debt charges | 650 | €17,820 | €19,572 | +€1,751 | +9.8% |
| Other financial charges | 652/9 | €369 | €381 | +€12 | +3.3% |
| Profit (loss) for the period before taxes | 9903 | €593,052 | €420,126 | -€172,926 | -29.2% |
| Income taxes | 67/77 | €148,263 | €33,972 | -€114,291 | -77.1% |
| Taxes | 670/3 | €148,263 | €47,563 | -€100,700 | -67.9% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | €13,591 | +€13,591 | |
| Profit (loss) for the period | 9904 | €444,789 | €386,154 | -€58,635 | -13.2% |
| Profit (loss) for the period to be appropriated | 9905 | €444,789 | €386,154 | -€58,635 | -13.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.