VANTON: 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.
VANTON
Largest movements
- Receivables after one year -€45,848
no longer reported in 2025 (was €45,848)
- Receivables within one year -€18,700
down €18,700 (-36.1%), from €51,741 to €33,042
of which Trade receivables: -€10,879
- Tangible fixed assets +€1,766
up €1,766 (+8.4%), from €21,007 to €22,772
of which Furniture and vehicles: +€3,497
- Other debts -€53,085
down €53,085 (-94.8%), from €56,000 to €2,915
- Contributions -€12,400
down €12,400 (-66.7%), from €18,600 to €6,200
- Short-term financial debts +€6,496
new in 2025: €6,496
- Current portion of long-term debt -€5,181
down €5,181 (-83.0%), from €6,243 to €1,062
- Profit (loss) carried forward +€1,406
up €1,406 (+6.6%), from €21,215 to €22,621
- Gross operating margin -€32,915
down €32,915 (-63.4%), from €51,949 to €19,034
- Taxes -€7,684
down €7,684 (-88.6%), from €8,677 to €993
- Other operating charges +€1,221
up €1,221 (+271.4%), from €450 to €1,671
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 | €120,454 | €58,025 | -€62,429 | -51.8% |
| Fixed assets | 21/28 | €21,164 | €22,930 | +€1,766 | +8.3% |
| Tangible fixed assets | 22/27 | €21,007 | €22,772 | +€1,766 | +8.4% |
| Plant, machinery and equipment | 23 | €3,969 | €2,238 | -€1,732 | -43.6% |
| Furniture and vehicles | 24 | €17,037 | €20,535 | +€3,497 | +20.5% |
| Financial fixed assets | 28 | €157 | €157 | = | 0.0% |
| Current assets | 29/58 | €99,290 | €35,095 | -€64,195 | -64.7% |
| Amounts receivable after more than one year | 29 | €45,848 | - | -€45,848 | |
| Other amounts receivable | 291 | €45,848 | - | -€45,848 | |
| Amounts receivable within one year | 40/41 | €51,741 | €33,042 | -€18,700 | -36.1% |
| Trade receivables | 40 | €38,620 | €27,741 | -€10,879 | -28.2% |
| Other amounts receivable | 41 | €13,122 | €5,301 | -€7,821 | -59.6% |
| Cash at bank and in hand | 54/58 | €1,403 | €1,962 | +€559 | +39.8% |
| Deferred charges and accrued income | 490/1 | €298 | €91 | -€206 | -69.3% |
| Total equity and liabilities | 10/49 | €120,454 | €58,025 | -€62,429 | -51.8% |
| Equity | 10/15 | €39,815 | €28,821 | -€10,994 | -27.6% |
| Contributions | 10/11 | €18,600 | €6,200 | -€12,400 | -66.7% |
| Profit (loss) carried forward | 14 | €21,215 | €22,621 | +€1,406 | +6.6% |
| Amounts payable | 17/49 | €80,639 | €29,204 | -€51,435 | -63.8% |
| Amounts payable after more than one year | 17 | €1,062 | - | -€1,062 | |
| Financial debts | 170/4 | €1,062 | - | -€1,062 | |
| Amounts payable within one year | 42/48 | €79,577 | €29,204 | -€50,373 | -63.3% |
| Current portion of amounts payable after more than one year | 42 | €6,243 | €1,062 | -€5,181 | -83.0% |
| Financial debts | 43 | - | €6,496 | +€6,496 | |
| Credit institutions | 430/8 | - | €6,496 | +€6,496 | |
| Trade debts | 44 | €1,007 | €1,536 | +€529 | +52.6% |
| Suppliers | 440/4 | €1,007 | €1,536 | +€529 | +52.6% |
| Taxes, remuneration and social security | 45 | €16,327 | €17,195 | +€867 | +5.3% |
| Taxes | 450/3 | €9,527 | €7,395 | -€2,133 | -22.4% |
| Remuneration and social security | 454/9 | €6,800 | €9,800 | +€3,000 | +44.1% |
| Other amounts payable | 47/48 | €56,000 | €2,915 | -€53,085 | -94.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,539 | €12,495 | -€44 | -0.4% |
| Other operating charges | 640/8 | €450 | €1,671 | +€1,221 | +271.4% |
| Gross operating margin | 9900 | €51,949 | €19,034 | -€32,915 | -63.4% |
| Operating profit (loss) | 9901 | €38,960 | €4,869 | -€34,092 | -87.5% |
| Financial income | 75/76B | €4 | €12 | +€8 | +189.6% |
| Recurring financial income | 75 | €4 | €12 | +€8 | +189.6% |
| Financial charges | 65/66B | €2,020 | €2,481 | +€461 | +22.8% |
| Recurring financial charges | 65 | €2,020 | €2,481 | +€461 | +22.8% |
| Profit (loss) for the period before taxes | 9903 | €36,944 | €2,399 | -€34,545 | -93.5% |
| Income taxes | 67/77 | €8,677 | €993 | -€7,684 | -88.6% |
| Profit (loss) for the period | 9904 | €28,267 | €1,406 | -€26,862 | -95.0% |
| Profit (loss) for the period to be appropriated | 9905 | €28,267 | €1,406 | -€26,862 | -95.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.