VANVLAM: 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.
VANVLAM
Largest movements
- Cash +€75,836
up €75,836 (+442%), from €17,157 to €92,993
mainly Receivables within one year (+€69,556) and Net result for the year (+€15,630)
- Receivables within one year -€69,556
down €69,556 (-54.6%), from €127,295 to €57,739
of which Trade receivables: -€65,124
- Profit (loss) carried forward +€15,630
up €15,630 (+18.8%), from €83,148 to €98,778
- Trade debts -€9,601
down €9,601 (-71.9%), from €13,358 to €3,757
- Tax, wage and social debts +€3,426
up €3,426 (+10.2%), from €33,488 to €36,913
of which Remuneration and social security: +€1,770
- Accrued charges and deferred income -€3,000
down €3,000 (-100%), from €3,000 to €0
- Gross operating margin +€35,792
up €35,792 (+16.7%), from €213,966 to €249,758
- Staff costs +€28,594
up €28,594 (+16.3%), from €175,324 to €203,917
- Depreciation -€5,773
down €5,773 (-100%), from €5,773 to €0
- Taxes +€3,282
up €3,282 (+107%), from €3,074 to €6,356
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.
Derived cash bridge
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 | €156,047 | €162,502 | +€6,455 | +4.1% |
| Fixed assets | 21/28 | €11,595 | €11,595 | = | 0.0% |
| Tangible fixed assets | 22/27 | €11,595 | €11,595 | = | 0.0% |
| Land and buildings | 22 | €11,595 | €11,595 | = | 0.0% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Current assets | 29/58 | €144,452 | €150,907 | +€6,455 | +4.5% |
| Amounts receivable within one year | 40/41 | €127,295 | €57,739 | -€69,556 | -54.6% |
| Trade receivables | 40 | €112,874 | €47,750 | -€65,124 | -57.7% |
| Other amounts receivable | 41 | €14,421 | €9,989 | -€4,432 | -30.7% |
| Cash at bank and in hand | 54/58 | €17,157 | €92,993 | +€75,836 | +442% |
| Deferred charges and accrued income | 490/1 | €0 | €175 | +€175 | |
| Total equity and liabilities | 10/49 | €156,047 | €162,502 | +€6,455 | +4.1% |
| Equity | 10/15 | €106,201 | €121,831 | +€15,630 | +14.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,454 | €4,454 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,432 | €2,432 | = | 0.0% |
| Distributable reserves | 133 | €2,021 | €2,021 | = | 0.0% |
| Profit (loss) carried forward | 14 | €83,148 | €98,778 | +€15,630 | +18.8% |
| Amounts payable | 17/49 | €49,846 | €40,670 | -€9,175 | -18.4% |
| Amounts payable within one year | 42/48 | €46,846 | €40,670 | -€6,175 | -13.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €13,358 | €3,757 | -€9,601 | -71.9% |
| Suppliers | 440/4 | €13,358 | €3,757 | -€9,601 | -71.9% |
| Taxes, remuneration and social security | 45 | €33,488 | €36,913 | +€3,426 | +10.2% |
| Taxes | 450/3 | €12,279 | €13,934 | +€1,656 | +13.5% |
| Remuneration and social security | 454/9 | €21,209 | €22,979 | +€1,770 | +8.3% |
| Accrued charges and deferred income | 492/3 | €3,000 | €0 | -€3,000 | -100% |
| Remuneration, social security and pensions | 62 | €175,324 | €203,917 | +€28,594 | +16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,773 | €0 | -€5,773 | -100% |
| Other operating charges | 640/8 | €22,204 | €22,998 | +€793 | +3.6% |
| Gross operating margin | 9900 | €213,966 | €249,758 | +€35,792 | +16.7% |
| Operating profit (loss) | 9901 | €10,666 | €22,843 | +€12,177 | +114% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €931 | €857 | -€74 | -8.0% |
| Recurring financial charges | 65 | €931 | €857 | -€74 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | €9,735 | €21,986 | +€12,251 | +126% |
| Income taxes | 67/77 | €3,074 | €6,356 | +€3,282 | +107% |
| Profit (loss) for the period | 9904 | €6,661 | €15,630 | +€8,969 | +135% |
| Profit (loss) for the period to be appropriated | 9905 | €6,661 | €15,630 | +€8,969 | +135% |
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 24 October 2026 via checked.be.