VanTosh: 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.
VanTosh
Largest movements
- Receivables within one year -€37,977
down €37,977 (-28.8%), from €131,700 to €93,723
of which Trade receivables: -€25,848
- Cash +€5,294
up €5,294 (+2.0%), from €269,702 to €274,996
mainly Accrued charges and deferred income (+€135,325) and Receivables within one year (+€37,977)
- Tangible fixed assets -€5,107
down €5,107 (-37.5%), from €13,627 to €8,519
of which Plant, machinery and equipment: -€2,819
- Trade debts -€169,667
no longer reported in 2026 (was €169,667)
- Accrued charges and deferred income +€135,325
up €135,325 (+79.4%), from €170,480 to €305,805
- Tax, wage and social debts -€8,500
down €8,500 (-94.3%), from €9,017 to €517
of which Remuneration and social security: -€9,000
- Reserves +€7,646
up €7,646 (+16.2%), from €47,280 to €54,926
of which Distributable reserves: +€7,646
- Staff costs +€45,345
up €45,345 (+671.4%), from €6,754 to €52,099
- Gross operating margin +€23,056
up €23,056 (+51.8%), from €44,543 to €67,599
- Taxes -€7,902
down €7,902 (-74.6%), from €10,596 to €2,694
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €459,768 | €422,248 | -€37,521 | -8.2% |
| Fixed assets | 21/28 | €13,627 | €8,519 | -€5,107 | -37.5% |
| Tangible fixed assets | 22/27 | €13,627 | €8,519 | -€5,107 | -37.5% |
| Plant, machinery and equipment | 23 | €10,669 | €7,851 | -€2,819 | -26.4% |
| Furniture and vehicles | 24 | €2,957 | €669 | -€2,289 | -77.4% |
| Current assets | 29/58 | €446,141 | €413,728 | -€32,413 | -7.3% |
| Amounts receivable within one year | 40/41 | €131,700 | €93,723 | -€37,977 | -28.8% |
| Trade receivables | 40 | €94,404 | €68,556 | -€25,848 | -27.4% |
| Other amounts receivable | 41 | €37,295 | €25,167 | -€12,128 | -32.5% |
| Current investments | 50/53 | €41,510 | €41,510 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €269,702 | €274,996 | +€5,294 | +2.0% |
| Deferred charges and accrued income | 490/1 | €3,230 | €3,499 | +€270 | +8.3% |
| Total equity and liabilities | 10/49 | €459,768 | €422,248 | -€37,521 | -8.2% |
| Equity | 10/15 | €68,280 | €75,926 | +€7,646 | +11.2% |
| Contributions | 10/11 | €21,000 | €21,000 | = | 0.0% |
| Reserves | 13 | €47,280 | €54,926 | +€7,646 | +16.2% |
| Non-distributable reserves | 130/1 | €2,100 | €2,100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,100 | €2,100 | = | 0.0% |
| Distributable reserves | 133 | €45,180 | €52,826 | +€7,646 | +16.9% |
| Amounts payable | 17/49 | €391,488 | €346,322 | -€45,167 | -11.5% |
| Amounts payable after more than one year | 17 | €40,000 | €40,000 | = | 0.0% |
| Financial debts | 170/4 | €40,000 | €40,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €181,008 | €517 | -€180,492 | -99.7% |
| Trade debts | 44 | €169,667 | - | -€169,667 | |
| Suppliers | 440/4 | €169,667 | - | -€169,667 | |
| Taxes, remuneration and social security | 45 | €9,017 | €517 | -€8,500 | -94.3% |
| Taxes | 450/3 | €17 | €517 | +€500 | +2976.2% |
| Remuneration and social security | 454/9 | €9,000 | - | -€9,000 | |
| Other amounts payable | 47/48 | €2,325 | - | -€2,325 | |
| Accrued charges and deferred income | 492/3 | €170,480 | €305,805 | +€135,325 | +79.4% |
| Remuneration, social security and pensions | 62 | €6,754 | €52,099 | +€45,345 | +671.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,107 | €5,107 | = | 0.0% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €44,543 | €67,599 | +€23,056 | +51.8% |
| Operating profit (loss) | 9901 | €32,563 | €10,273 | -€22,291 | -68.5% |
| Financial income | 75/76B | - | €95 | +€95 | |
| Recurring financial income | 75 | - | €95 | +€95 | |
| Financial charges | 65/66B | €379 | €28 | -€351 | -92.7% |
| Recurring financial charges | 65 | €379 | €28 | -€351 | -92.7% |
| Profit (loss) for the period before taxes | 9903 | €32,184 | €10,340 | -€21,844 | -67.9% |
| Income taxes | 67/77 | €10,596 | €2,694 | -€7,902 | -74.6% |
| Profit (loss) for the period | 9904 | €21,589 | €7,646 | -€13,943 | -64.6% |
| Profit (loss) for the period to be appropriated | 9905 | €21,589 | €7,646 | -€13,943 | -64.6% |
Source: filed annual accounts (NBB), fiscal years ended 28 February 2025 and 28 February 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.