VANture: 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.
VANture
Largest movements
- Tangible fixed assets +€202,913
up €202,913 (+33.5%), from €605,805 to €808,718
of which Furniture and vehicles: +€219,963
- Cash +€40,034
up €40,034 (+112.0%), from €35,743 to €75,778
mainly Trade debts (+€224,560) and Depreciation (+€92,863)
- Deferred charges and accrued income -€10,759
down €10,759 (-18.9%), from €56,959 to €46,200
- Trade debts +€224,560
up €224,560 (+238.5%), from €94,151 to €318,711
- Profit (loss) carried forward +€12,194
no longer reported in 2025 (was -€12,194)
- Other debts -€11,983
down €11,983 (-4.9%), from €242,289 to €230,306
- Gross operating margin +€33,135
up €33,135 (+36.3%), from €91,338 to €124,473
- Depreciation +€25,334
up €25,334 (+37.5%), from €67,530 to €92,863
- Other operating charges +€3,984
up €3,984 (+96.3%), from €4,138 to €8,121
- Taxes +€2,808
up €2,808 (+1816.6%), from €155 to €2,962
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 | €753,755 | €981,522 | +€227,767 | +30.2% |
| Fixed assets | 21/28 | €605,805 | €808,718 | +€202,913 | +33.5% |
| Tangible fixed assets | 22/27 | €605,805 | €808,718 | +€202,913 | +33.5% |
| Land and buildings | 22 | €504,781 | €483,906 | -€20,876 | -4.1% |
| Plant, machinery and equipment | 23 | €16,165 | €19,990 | +€3,826 | +23.7% |
| Furniture and vehicles | 24 | €84,859 | €304,822 | +€219,963 | +259.2% |
| Current assets | 29/58 | €147,950 | €172,804 | +€24,854 | +16.8% |
| Amounts receivable within one year | 40/41 | €55,248 | €50,826 | -€4,422 | -8.0% |
| Trade receivables | 40 | €49,729 | €21,953 | -€27,776 | -55.9% |
| Other amounts receivable | 41 | €5,519 | €28,873 | +€23,355 | +423.2% |
| Cash at bank and in hand | 54/58 | €35,743 | €75,778 | +€40,034 | +112.0% |
| Deferred charges and accrued income | 490/1 | €56,959 | €46,200 | -€10,759 | -18.9% |
| Total equity and liabilities | 10/49 | €753,755 | €981,522 | +€227,767 | +30.2% |
| Equity | 10/15 | €187,806 | €204,031 | +€16,225 | +8.6% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | - | €4,031 | +€4,031 | |
| Distributable reserves | 133 | - | €4,031 | +€4,031 | |
| Profit (loss) carried forward | 14 | -€12,194 | - | +€12,194 | |
| Amounts payable | 17/49 | €565,949 | €777,491 | +€211,542 | +37.4% |
| Amounts payable after more than one year | 17 | €198,420 | €199,170 | +€750 | +0.4% |
| Financial debts | 170/4 | €198,420 | €199,170 | +€750 | +0.4% |
| Amounts payable within one year | 42/48 | €367,530 | €578,322 | +€210,792 | +57.4% |
| Current portion of amounts payable after more than one year | 42 | €24,167 | €26,896 | +€2,729 | +11.3% |
| Trade debts | 44 | €94,151 | €318,711 | +€224,560 | +238.5% |
| Suppliers | 440/4 | €94,151 | €318,711 | +€224,560 | +238.5% |
| Taxes, remuneration and social security | 45 | €6,922 | €2,409 | -€4,514 | -65.2% |
| Taxes | 450/3 | €6,922 | €2,409 | -€4,514 | -65.2% |
| Other amounts payable | 47/48 | €242,289 | €230,306 | -€11,983 | -4.9% |
| Non-recurring operating income | 76A | - | €876 | +€876 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,530 | €92,863 | +€25,334 | +37.5% |
| Other operating charges | 640/8 | €4,138 | €8,121 | +€3,984 | +96.3% |
| Gross operating margin | 9900 | €91,338 | €124,473 | +€33,135 | +36.3% |
| Operating profit (loss) | 9901 | €19,671 | €23,489 | +€3,817 | +19.4% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €4,054 | €4,302 | +€247 | +6.1% |
| Recurring financial charges | 65 | €4,054 | €4,302 | +€247 | +6.1% |
| Profit (loss) for the period before taxes | 9903 | €15,618 | €19,187 | +€3,569 | +22.9% |
| Income taxes | 67/77 | €155 | €2,962 | +€2,808 | +1816.6% |
| Profit (loss) for the period | 9904 | €15,463 | €16,225 | +€762 | +4.9% |
| Profit (loss) for the period to be appropriated | 9905 | €15,463 | €16,225 | +€762 | +4.9% |
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 1 October 2026 via checked.be.