VANTUBO: 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.
VANTUBO
Largest movements
- Cash -€17,425
down €17,425 (-49.2%), from €35,427 to €18,002
mainly Tax, wage and social debts (-€6,310) and Trade debts (-€6,067)
- Receivables within one year +€783
up €783 (+10.9%), from €7,153 to €7,936
- Tax, wage and social debts -€6,310
down €6,310 (-34.3%), from €18,390 to €12,080
- Trade debts -€6,067
down €6,067 (-56.9%), from €10,655 to €4,588
- Profit (loss) carried forward -€4,125
down €4,125 (-49.5%), from €8,325 to €4,200
- Gross operating margin +€9,321
up €9,321, from -€3,103 to €6,218
- Financial charges +€8,097
up €8,097 (+299.0%), from €2,708 to €10,805
- Financial income -€3,099
down €3,099 (-87.0%), from €3,561 to €462
- Taxes +€149
no longer reported in 2025 (was -€149)
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 | €42,870 | €26,368 | -€16,502 | -38.5% |
| Fixed assets | 21/28 | €250 | €250 | = | 0.0% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €42,620 | €26,118 | -€16,502 | -38.7% |
| Stocks and contracts in progress | 3 | €40 | €180 | +€140 | +350.0% |
| Stocks | 30/36 | €40 | €180 | +€140 | +350.0% |
| Amounts receivable within one year | 40/41 | €7,153 | €7,936 | +€783 | +10.9% |
| Trade receivables | 40 | €7,153 | €7,936 | +€783 | +10.9% |
| Cash at bank and in hand | 54/58 | €35,427 | €18,002 | -€17,425 | -49.2% |
| Total equity and liabilities | 10/49 | €42,870 | €26,368 | -€16,502 | -38.5% |
| Equity | 10/15 | €13,825 | €9,700 | -€4,125 | -29.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €500 | €500 | = | 0.0% |
| Distributable reserves | 133 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,325 | €4,200 | -€4,125 | -49.5% |
| Amounts payable | 17/49 | €29,045 | €16,668 | -€12,377 | -42.6% |
| Amounts payable within one year | 42/48 | €29,045 | €16,668 | -€12,377 | -42.6% |
| Trade debts | 44 | €10,655 | €4,588 | -€6,067 | -56.9% |
| Suppliers | 440/4 | €10,655 | €4,588 | -€6,067 | -56.9% |
| Taxes, remuneration and social security | 45 | €18,390 | €12,080 | -€6,310 | -34.3% |
| Taxes | 450/3 | €18,390 | €12,080 | -€6,310 | -34.3% |
| Gross operating margin | 9900 | -€3,103 | €6,218 | +€9,321 | |
| Operating profit (loss) | 9901 | -€3,103 | €6,218 | +€9,321 | |
| Financial income | 75/76B | €3,561 | €462 | -€3,099 | -87.0% |
| Recurring financial income | 75 | €3,561 | €462 | -€3,099 | -87.0% |
| Financial charges | 65/66B | €2,708 | €10,805 | +€8,097 | +299.0% |
| Recurring financial charges | 65 | €2,708 | €10,805 | +€8,097 | +299.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,250 | -€4,125 | -€1,875 | -83.3% |
| Income taxes | 67/77 | -€149 | - | +€149 | |
| Profit (loss) for the period | 9904 | -€2,101 | -€4,125 | -€2,024 | -96.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,101 | -€4,125 | -€2,024 | -96.3% |
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 7 October 2026 via checked.be.