VANTOCA: 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.
VANTOCA
Largest movements
- Receivables within one year +€21,936
up €21,936 (+206.3%), from €10,632 to €32,568
of which Other amounts receivable: +€23,367
- Cash -€17,223
down €17,223 (-88.9%), from €19,378 to €2,154
mainly Receivables within one year (-€21,936) and Trade debts (-€11,856)
- Tangible fixed assets +€5,318
up €5,318 (+96.6%), from €5,502 to €10,820
of which Plant, machinery and equipment: +€4,380
- Stocks and contracts -€2,824
down €2,824 (-23.5%), from €12,035 to €9,211
- Trade debts -€11,856
down €11,856 (-57.4%), from €20,654 to €8,798
- Profit (loss) carried forward +€9,686
up €9,686 (+54.7%), from €17,711 to €27,397
- Short-term financial debts +€9,168
new in 2025: €9,168
- Turnover -€547,632
no longer reported in 2025 (was €547,632)
- Purchases and services -€504,214
no longer reported in 2025 (was €504,214)
- Gross operating margin -€36,987
down €36,987 (-55.7%), from €66,439 to €29,452
- Staff costs -€33,008
down €33,008 (-73.4%), from €44,953 to €11,945
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 | €54,847 | €62,054 | +€7,207 | +13.1% |
| Fixed assets | 21/28 | €12,802 | €18,120 | +€5,318 | +41.5% |
| Tangible fixed assets | 22/27 | €5,502 | €10,820 | +€5,318 | +96.6% |
| Plant, machinery and equipment | 23 | - | €4,380 | +€4,380 | |
| Furniture and vehicles | 24 | €5,502 | €6,440 | +€937 | +17.0% |
| Financial fixed assets | 28 | €7,300 | €7,300 | = | 0.0% |
| Current assets | 29/58 | €42,044 | €43,934 | +€1,889 | +4.5% |
| Stocks and contracts in progress | 3 | €12,035 | €9,211 | -€2,824 | -23.5% |
| Stocks | 30/36 | €12,035 | €9,211 | -€2,824 | -23.5% |
| Amounts receivable within one year | 40/41 | €10,632 | €32,568 | +€21,936 | +206.3% |
| Trade receivables | 40 | €4,426 | €2,996 | -€1,430 | -32.3% |
| Other amounts receivable | 41 | €6,206 | €29,572 | +€23,367 | +376.5% |
| Cash at bank and in hand | 54/58 | €19,378 | €2,154 | -€17,223 | -88.9% |
| Total equity and liabilities | 10/49 | €54,847 | €62,054 | +€7,207 | +13.1% |
| Equity | 10/15 | €20,711 | €30,397 | +€9,686 | +46.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Outside capital | 11 | - | €3,000 | +€3,000 | |
| Other | 1109/19 | - | €3,000 | +€3,000 | |
| Profit (loss) carried forward | 14 | €17,711 | €27,397 | +€9,686 | +54.7% |
| Amounts payable | 17/49 | €34,135 | €31,657 | -€2,479 | -7.3% |
| Amounts payable within one year | 42/48 | €34,135 | €31,657 | -€2,479 | -7.3% |
| Financial debts | 43 | - | €9,168 | +€9,168 | |
| Credit institutions | 430/8 | - | €9,168 | +€9,168 | |
| Trade debts | 44 | €20,654 | €8,798 | -€11,856 | -57.4% |
| Suppliers | 440/4 | €20,654 | €8,798 | -€11,856 | -57.4% |
| Taxes, remuneration and social security | 45 | €13,482 | €13,690 | +€208 | +1.5% |
| Taxes | 450/3 | €9,734 | €13,690 | +€3,956 | +40.6% |
| Remuneration and social security | 454/9 | €3,747 | - | -€3,747 | |
| Turnover | 70 | €547,632 | - | -€547,632 | |
| Goods, raw materials, services and sundry goods | 60/61 | €504,214 | - | -€504,214 | |
| Remuneration, social security and pensions | 62 | €44,953 | €11,945 | -€33,008 | -73.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €739 | €1,556 | +€818 | +110.7% |
| Other operating charges | 640/8 | €2,326 | €827 | -€1,499 | -64.5% |
| Non-recurring operating charges | 66A | - | €288 | +€288 | |
| Gross operating margin | 9900 | €66,439 | €29,452 | -€36,987 | -55.7% |
| Operating profit (loss) | 9901 | €18,422 | €14,836 | -€3,586 | -19.5% |
| Financial income | 75/76B | - | €9 | +€9 | |
| Recurring financial income | 75 | - | €9 | +€9 | |
| Financial charges | 65/66B | €456 | €859 | +€403 | +88.5% |
| Recurring financial charges | 65 | €456 | €859 | +€403 | +88.5% |
| Profit (loss) for the period before taxes | 9903 | €17,966 | €13,986 | -€3,980 | -22.2% |
| Income taxes | 67/77 | €4,800 | €4,300 | -€500 | -10.4% |
| Profit (loss) for the period | 9904 | €13,166 | €9,686 | -€3,480 | -26.4% |
| Profit (loss) for the period to be appropriated | 9905 | €13,166 | €9,686 | -€3,480 | -26.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.