VANTHOM: 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.
VANTHOM
Largest movements
- Cash +€29,469
up €29,469 (+312.1%), from €9,443 to €38,912
mainly Net result for the year (+€16,886) and Receivables within one year (+€8,340)
- Receivables within one year -€8,340
down €8,340 (-43.7%), from €19,073 to €10,734
- Reserves +€16,886
up €16,886 (+102.5%), from €16,479 to €33,364
- Tax, wage and social debts +€2,959
up €2,959 (+26.5%), from €11,179 to €14,138
of which Taxes: +€2,959
- Trade debts +€781
up €781 (+185.9%), from €420 to €1,202
- Gross operating margin +€1,155
up €1,155 (+5.5%), from €21,114 to €22,268
- Taxes +€718
up €718 (+15.6%), from €4,605 to €5,323
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 | €31,083 | €51,961 | +€20,878 | +67.2% |
| Current assets | 29/58 | €31,083 | €51,961 | +€20,878 | +67.2% |
| Amounts receivable within one year | 40/41 | €19,073 | €10,734 | -€8,340 | -43.7% |
| Trade receivables | 40 | €19,073 | €10,734 | -€8,340 | -43.7% |
| Cash at bank and in hand | 54/58 | €9,443 | €38,912 | +€29,469 | +312.1% |
| Deferred charges and accrued income | 490/1 | €2,566 | €2,315 | -€251 | -9.8% |
| Total equity and liabilities | 10/49 | €31,083 | €51,961 | +€20,878 | +67.2% |
| Equity | 10/15 | €19,479 | €36,364 | +€16,886 | +86.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €16,479 | €33,364 | +€16,886 | +102.5% |
| Distributable reserves | 133 | €16,479 | €33,364 | +€16,886 | +102.5% |
| Amounts payable | 17/49 | €11,604 | €15,597 | +€3,992 | +34.4% |
| Amounts payable within one year | 42/48 | €11,604 | €15,597 | +€3,992 | +34.4% |
| Trade debts | 44 | €420 | €1,202 | +€781 | +185.9% |
| Suppliers | 440/4 | €420 | €1,202 | +€781 | +185.9% |
| Taxes, remuneration and social security | 45 | €11,179 | €14,138 | +€2,959 | +26.5% |
| Taxes | 450/3 | €8,979 | €11,938 | +€2,959 | +33.0% |
| Remuneration and social security | 454/9 | €2,200 | €2,200 | = | 0.0% |
| Other amounts payable | 47/48 | €5 | €257 | +€252 | +4938.4% |
| Other operating charges | 640/8 | - | €62 | +€62 | |
| Gross operating margin | 9900 | €21,114 | €22,268 | +€1,155 | +5.5% |
| Operating profit (loss) | 9901 | €21,114 | €22,206 | +€1,093 | +5.2% |
| Financial income | 75/76B | - | €50 | +€50 | |
| Recurring financial income | 75 | - | €50 | +€50 | |
| Financial charges | 65/66B | €30 | €48 | +€17 | +57.0% |
| Recurring financial charges | 65 | €30 | €48 | +€17 | +57.0% |
| Profit (loss) for the period before taxes | 9903 | €21,083 | €22,209 | +€1,126 | +5.3% |
| Income taxes | 67/77 | €4,605 | €5,323 | +€718 | +15.6% |
| Profit (loss) for the period | 9904 | €16,479 | €16,886 | +€407 | +2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €16,479 | €16,886 | +€407 | +2.5% |
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.