VANTR: 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.
VANTR
Largest movements
- Receivables within one year +€54,309
up €54,309 (+138.0%), from €39,342 to €93,651
of which Trade receivables: +€48,177
- Tangible fixed assets +€33,500
up €33,500 (+12.5%), from €268,274 to €301,775
of which Furniture and vehicles: +€28,252
- Cash -€19,223
down €19,223 (-95.7%), from €20,086 to €863
mainly Investment in fixed assets (net) (-€125,032) and Receivables within one year (-€54,309)
- Intangible fixed assets +€11,794
new in 2025: €11,794
- Deferred charges and accrued income +€8,010
up €8,010 (+123.4%), from €6,491 to €14,501
- Current portion of long-term debt +€28,701
up €28,701 (+40.8%), from €70,290 to €98,991
- Trade debts +€25,851
up €25,851 (+183.3%), from €14,101 to €39,952
- Debts after one year +€24,311
up €24,311 (+11.9%), from €204,490 to €228,801
- Tax, wage and social debts +€7,186
up €7,186 (+51.4%), from €13,979 to €21,165
of which Remuneration and social security: +€9,795
- Gross operating margin +€37,059
up €37,059 (+16.3%), from €227,523 to €264,581
- Staff costs +€35,326
up €35,326 (+28.9%), from €122,072 to €157,398
- Depreciation +€8,656
up €8,656 (+12.1%), from €71,608 to €80,263
- Other operating charges -€3,803
down €3,803 (-23.0%), from €16,526 to €12,723
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 | €335,841 | €423,705 | +€87,864 | +26.2% |
| Formation expenses | 20 | €1,647 | €1,122 | -€526 | -31.9% |
| Fixed assets | 21/28 | €268,274 | €313,568 | +€45,294 | +16.9% |
| Intangible fixed assets | 21 | - | €11,794 | +€11,794 | |
| Tangible fixed assets | 22/27 | €268,274 | €301,775 | +€33,500 | +12.5% |
| Plant, machinery and equipment | 23 | - | €5,248 | +€5,248 | |
| Furniture and vehicles | 24 | €268,274 | €296,526 | +€28,252 | +10.5% |
| Current assets | 29/58 | €65,919 | €109,015 | +€43,096 | +65.4% |
| Amounts receivable within one year | 40/41 | €39,342 | €93,651 | +€54,309 | +138.0% |
| Trade receivables | 40 | €38,753 | €86,930 | +€48,177 | +124.3% |
| Other amounts receivable | 41 | €589 | €6,721 | +€6,132 | +1040.9% |
| Cash at bank and in hand | 54/58 | €20,086 | €863 | -€19,223 | -95.7% |
| Deferred charges and accrued income | 490/1 | €6,491 | €14,501 | +€8,010 | +123.4% |
| Total equity and liabilities | 10/49 | €335,841 | €423,705 | +€87,864 | +26.2% |
| Equity | 10/15 | €32,981 | €34,680 | +€1,699 | +5.2% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €2,981 | €4,680 | +€1,699 | +57.0% |
| Distributable reserves | 133 | €2,981 | €4,680 | +€1,699 | +57.0% |
| Amounts payable | 17/49 | €302,859 | €389,025 | +€86,165 | +28.5% |
| Amounts payable after more than one year | 17 | €204,490 | €228,801 | +€24,311 | +11.9% |
| Financial debts | 170/4 | €204,490 | €228,801 | +€24,311 | +11.9% |
| Amounts payable within one year | 42/48 | €98,370 | €160,224 | +€61,854 | +62.9% |
| Current portion of amounts payable after more than one year | 42 | €70,290 | €98,991 | +€28,701 | +40.8% |
| Trade debts | 44 | €14,101 | €39,952 | +€25,851 | +183.3% |
| Suppliers | 440/4 | €14,101 | €39,952 | +€25,851 | +183.3% |
| Advances received on contracts in progress | 46 | - | €116 | +€116 | |
| Taxes, remuneration and social security | 45 | €13,979 | €21,165 | +€7,186 | +51.4% |
| Taxes | 450/3 | €3,774 | €1,165 | -€2,609 | -69.1% |
| Remuneration and social security | 454/9 | €10,205 | €20,000 | +€9,795 | +96.0% |
| Remuneration, social security and pensions | 62 | €122,072 | €157,398 | +€35,326 | +28.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,608 | €80,263 | +€8,656 | +12.1% |
| Other operating charges | 640/8 | €16,526 | €12,723 | -€3,803 | -23.0% |
| Gross operating margin | 9900 | €227,523 | €264,581 | +€37,059 | +16.3% |
| Operating profit (loss) | 9901 | €17,318 | €14,197 | -€3,120 | -18.0% |
| Financial income | 75/76B | €1 | €263 | +€262 | +41638.1% |
| Recurring financial income | 75 | €1 | €263 | +€262 | +41638.1% |
| Financial charges | 65/66B | €14,337 | €12,761 | -€1,576 | -11.0% |
| Recurring financial charges | 65 | €14,337 | €12,761 | -€1,576 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | €2,981 | €1,699 | -€1,282 | -43.0% |
| Profit (loss) for the period | 9904 | €2,981 | €1,699 | -€1,282 | -43.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,981 | €1,699 | -€1,282 | -43.0% |
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.