VANWARBIS: 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.
VANWARBIS
Largest movements
- Tangible fixed assets +€398,195
up €398,195 (+88.1%), from €451,994 to €850,188
of which Land and buildings: +€398,982
- Cash -€74,226
down €74,226 (-64.0%), from €116,012 to €41,786
mainly Investment in fixed assets (net) (-€447,872) and Net result for the year (-€22,587)
- Other debts +€347,226
up €347,226 (+72.2%), from €481,255 to €828,481
- Profit (loss) carried forward -€22,587
down €22,587 (-55.7%), from -€40,567 to -€63,154
- Depreciation +€31,711
up €31,711 (+177%), from €17,966 to €49,677
- Gross operating margin +€3,459
up €3,459 (+7.8%), from €44,596 to €48,055
- Financial charges -€3,049
down €3,049 (-14.8%), from €20,536 to €17,487
- Other operating charges +€1,035
up €1,035 (+42.4%), from €2,443 to €3,478
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 | €570,177 | €894,096 | +€323,919 | +56.8% |
| Fixed assets | 21/28 | €451,994 | €850,188 | +€398,195 | +88.1% |
| Tangible fixed assets | 22/27 | €451,994 | €850,188 | +€398,195 | +88.1% |
| Land and buildings | 22 | €445,241 | €844,223 | +€398,982 | +89.6% |
| Plant, machinery and equipment | 23 | €6,752 | €5,965 | -€787 | -11.7% |
| Current assets | 29/58 | €118,184 | €43,908 | -€74,276 | -62.8% |
| Amounts receivable within one year | 40/41 | €683 | €1,680 | +€997 | +146% |
| Trade receivables | 40 | €483 | €690 | +€207 | +42.8% |
| Other amounts receivable | 41 | €200 | €990 | +€790 | +395% |
| Cash at bank and in hand | 54/58 | €116,012 | €41,786 | -€74,226 | -64.0% |
| Deferred charges and accrued income | 490/1 | €1,488 | €441 | -€1,047 | -70.4% |
| Total equity and liabilities | 10/49 | €570,177 | €894,096 | +€323,919 | +56.8% |
| Equity | 10/15 | €84,433 | €61,846 | -€22,587 | -26.8% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,567 | -€63,154 | -€22,587 | -55.7% |
| Amounts payable | 17/49 | €485,744 | €832,249 | +€346,505 | +71.3% |
| Amounts payable within one year | 42/48 | €485,744 | €831,564 | +€345,820 | +71.2% |
| Trade debts | 44 | €3,099 | €1,892 | -€1,207 | -39.0% |
| Suppliers | 440/4 | €3,099 | €1,892 | -€1,207 | -39.0% |
| Taxes, remuneration and social security | 45 | €1,391 | €1,191 | -€199 | -14.3% |
| Taxes | 450/3 | €1,391 | €1,191 | -€199 | -14.3% |
| Other amounts payable | 47/48 | €481,255 | €828,481 | +€347,226 | +72.2% |
| Accrued charges and deferred income | 492/3 | - | €685 | +€685 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,966 | €49,677 | +€31,711 | +177% |
| Other operating charges | 640/8 | €2,443 | €3,478 | +€1,035 | +42.4% |
| Gross operating margin | 9900 | €44,596 | €48,055 | +€3,459 | +7.8% |
| Operating profit (loss) | 9901 | €24,188 | -€5,100 | -€29,288 | |
| Financial charges | 65/66B | €20,536 | €17,487 | -€3,049 | -14.8% |
| Recurring financial charges | 65 | €20,536 | €17,487 | -€3,049 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | €3,652 | -€22,587 | -€26,238 | |
| Profit (loss) for the period | 9904 | €3,652 | -€22,587 | -€26,238 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,652 | -€22,587 | -€26,238 |
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 13 October 2026 via checked.be.