VANTRAS: 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.
VANTRAS
Largest movements
- Cash +€40,701
up €40,701 (+119.5%), from €34,054 to €74,755
mainly Net result for the year (+€20,088) and Accrued charges and deferred income (+€13,800)
- Receivables within one year -€3,814
down €3,814 (-18.7%), from €20,357 to €16,542
of which Trade receivables: -€2,184
- Reserves +€20,088
new in 2025: €20,088
- Accrued charges and deferred income +€13,800
new in 2025: €13,800
- Tax, wage and social debts +€3,523
up €3,523 (+88.6%), from €3,978 to €7,501
of which Taxes: +€3,523
- Trade debts -€2,276
down €2,276 (-62.1%), from €3,666 to €1,390
- Short-term financial debts +€1,387
up €1,387 (+181.6%), from €764 to €2,151
- Taxes +€7,296
up €7,296 (+250.8%), from €2,910 to €10,206
- Gross operating margin +€1,900
up €1,900 (+6.3%), from €30,236 to €32,136
- Other operating charges +€435
up €435 (+85.7%), from €508 to €943
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 | €56,307 | €92,951 | +€36,644 | +65.1% |
| Fixed assets | 21/28 | €1,583 | €837 | -€746 | -47.1% |
| Tangible fixed assets | 22/27 | €1,583 | €837 | -€746 | -47.1% |
| Plant, machinery and equipment | 23 | €1,583 | €837 | -€746 | -47.1% |
| Current assets | 29/58 | €54,724 | €92,114 | +€37,390 | +68.3% |
| Amounts receivable within one year | 40/41 | €20,357 | €16,542 | -€3,814 | -18.7% |
| Trade receivables | 40 | €12,746 | €10,561 | -€2,184 | -17.1% |
| Other amounts receivable | 41 | €7,611 | €5,981 | -€1,630 | -21.4% |
| Cash at bank and in hand | 54/58 | €34,054 | €74,755 | +€40,701 | +119.5% |
| Deferred charges and accrued income | 490/1 | €314 | €817 | +€503 | +160.3% |
| Total equity and liabilities | 10/49 | €56,307 | €92,951 | +€36,644 | +65.1% |
| Equity | 10/15 | €19,779 | €39,867 | +€20,088 | +101.6% |
| Reserves | 13 | - | €20,088 | +€20,088 | |
| Distributable reserves | 133 | - | €20,088 | +€20,088 | |
| Profit (loss) carried forward | 14 | €19,779 | €19,779 | = | 0.0% |
| Amounts payable | 17/49 | €36,527 | €53,083 | +€16,556 | +45.3% |
| Amounts payable within one year | 42/48 | €36,527 | €39,283 | +€2,756 | +7.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €764 | €2,151 | +€1,387 | +181.6% |
| Credit institutions | 430/8 | €764 | €2,151 | +€1,387 | +181.6% |
| Trade debts | 44 | €3,666 | €1,390 | -€2,276 | -62.1% |
| Suppliers | 440/4 | €3,666 | €1,390 | -€2,276 | -62.1% |
| Taxes, remuneration and social security | 45 | €3,978 | €7,501 | +€3,523 | +88.6% |
| Taxes | 450/3 | €2,578 | €6,101 | +€3,523 | +136.6% |
| Remuneration and social security | 454/9 | €1,400 | €1,400 | = | 0.0% |
| Other amounts payable | 47/48 | €28,119 | €28,241 | +€122 | +0.4% |
| Accrued charges and deferred income | 492/3 | - | €13,800 | +€13,800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €707 | €746 | +€39 | +5.5% |
| Other operating charges | 640/8 | €508 | €943 | +€435 | +85.7% |
| Non-recurring operating charges | 66A | €958 | €0 | -€958 | -100.0% |
| Gross operating margin | 9900 | €30,236 | €32,136 | +€1,900 | +6.3% |
| Operating profit (loss) | 9901 | €28,063 | €30,447 | +€2,384 | +8.5% |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €176 | €153 | -€23 | -13.0% |
| Recurring financial charges | 65 | €176 | €153 | -€23 | -13.0% |
| Profit (loss) for the period before taxes | 9903 | €27,887 | €30,294 | +€2,407 | +8.6% |
| Income taxes | 67/77 | €2,910 | €10,206 | +€7,296 | +250.8% |
| Profit (loss) for the period | 9904 | €24,977 | €20,088 | -€4,889 | -19.6% |
| Profit (loss) for the period to be appropriated | 9905 | €24,977 | €20,088 | -€4,889 | -19.6% |
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 3 October 2026 via checked.be.