Vanves: 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.
Vanves
Largest movements
- Cash +€116,288
up €116,288 (+93.6%), from €124,261 to €240,549
mainly Net result for the year (+€164,820) and Other debts (+€109,568)
- Current investments +€60,000
new in 2025: €60,000
- Tangible fixed assets +€23,299
up €23,299 (+104.7%), from €22,255 to €45,553
of which Other tangible fixed assets: +€27,223
- Receivables within one year -€12,662
down €12,662 (-22.5%), from €56,176 to €43,515
of which Other amounts receivable: -€47,376
- Financial fixed assets +€12,132
up €12,132 (+6.9%), from €175,000 to €187,132
- Other debts +€109,568
up €109,568 (+130.9%), from €83,735 to €193,302
- Profit (loss) carried forward +€39,820
up €39,820 (+24.8%), from €160,592 to €200,412
- Current portion of long-term debt +€26,883
up €26,883 (+121.2%), from €22,180 to €49,063
- Tax, wage and social debts +€25,548
up €25,548 (+179.5%), from €14,233 to €39,781
- Debts after one year -€18,129
down €18,129 (-16.6%), from €109,408 to €91,279
of which Other amounts payable: -€46,789
- Gross operating margin +€93,686
up €93,686 (+52.0%), from €180,066 to €273,752
- Taxes +€13,307
up €13,307 (+35.7%), from €37,301 to €50,608
- Depreciation +€3,231
up €3,231 (+38.1%), from €8,472 to €11,704
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 | €394,323 | €581,422 | +€187,099 | +47.4% |
| Fixed assets | 21/28 | €204,396 | €235,976 | +€31,581 | +15.5% |
| Intangible fixed assets | 21 | €7,141 | €3,291 | -€3,850 | -53.9% |
| Tangible fixed assets | 22/27 | €22,255 | €45,553 | +€23,299 | +104.7% |
| Plant, machinery and equipment | 23 | €2,473 | €1,876 | -€597 | -24.1% |
| Furniture and vehicles | 24 | €12,386 | €9,059 | -€3,327 | -26.9% |
| Other tangible fixed assets | 26 | €7,395 | €34,618 | +€27,223 | +368.1% |
| Financial fixed assets | 28 | €175,000 | €187,132 | +€12,132 | +6.9% |
| Current assets | 29/58 | €189,927 | €345,446 | +€155,518 | +81.9% |
| Amounts receivable within one year | 40/41 | €56,176 | €43,515 | -€12,662 | -22.5% |
| Trade receivables | 40 | €8,801 | €43,515 | +€34,714 | +394.4% |
| Other amounts receivable | 41 | €47,376 | €0 | -€47,376 | -100.0% |
| Current investments | 50/53 | - | €60,000 | +€60,000 | |
| Cash at bank and in hand | 54/58 | €124,261 | €240,549 | +€116,288 | +93.6% |
| Deferred charges and accrued income | 490/1 | €9,490 | €1,382 | -€8,108 | -85.4% |
| Total equity and liabilities | 10/49 | €394,323 | €581,422 | +€187,099 | +47.4% |
| Equity | 10/15 | €162,092 | €201,912 | +€39,820 | +24.6% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €160,592 | €200,412 | +€39,820 | +24.8% |
| Amounts payable | 17/49 | €232,231 | €379,509 | +€147,279 | +63.4% |
| Amounts payable after more than one year | 17 | €109,408 | €91,279 | -€18,129 | -16.6% |
| Financial debts | 170/4 | €62,619 | €91,279 | +€28,660 | +45.8% |
| Other amounts payable | 178/9 | €46,789 | €0 | -€46,789 | -100.0% |
| Amounts payable within one year | 42/48 | €122,822 | €288,230 | +€165,408 | +134.7% |
| Current portion of amounts payable after more than one year | 42 | €22,180 | €49,063 | +€26,883 | +121.2% |
| Trade debts | 44 | €2,674 | €6,084 | +€3,409 | +127.5% |
| Suppliers | 440/4 | €2,674 | €6,084 | +€3,409 | +127.5% |
| Taxes, remuneration and social security | 45 | €14,233 | €39,781 | +€25,548 | +179.5% |
| Taxes | 450/3 | €14,233 | €39,781 | +€25,548 | +179.5% |
| Other amounts payable | 47/48 | €83,735 | €193,302 | +€109,568 | +130.9% |
| Non-recurring operating income | 76A | - | €46,789 | +€46,789 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,472 | €11,704 | +€3,231 | +38.1% |
| Other operating charges | 640/8 | €1,230 | €1,278 | +€48 | +3.9% |
| Non-recurring operating charges | 66A | - | €35,288 | +€35,288 | |
| Gross operating margin | 9900 | €180,066 | €273,752 | +€93,686 | +52.0% |
| Operating profit (loss) | 9901 | €170,364 | €225,483 | +€55,119 | +32.4% |
| Financial income | 75/76B | €0 | €3 | +€2 | +1915.4% |
| Recurring financial income | 75 | €0 | €3 | +€2 | +1915.4% |
| Financial charges | 65/66B | €8,072 | €10,057 | +€1,985 | +24.6% |
| Recurring financial charges | 65 | €8,072 | €10,057 | +€1,985 | +24.6% |
| Profit (loss) for the period before taxes | 9903 | €162,292 | €215,428 | +€53,136 | +32.7% |
| Income taxes | 67/77 | €37,301 | €50,608 | +€13,307 | +35.7% |
| Profit (loss) for the period | 9904 | €124,991 | €164,820 | +€39,829 | +31.9% |
| Profit (loss) for the period to be appropriated | 9905 | €124,991 | €164,820 | +€39,829 | +31.9% |
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 6 October 2026 via checked.be.