VANWASS: 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.
VANWASS
Largest movements
- Current investments -€45,000
down €45,000 (-10.6%), from €425,000 to €380,000
- Cash +€34,378
up €34,378 (+205.4%), from €16,736 to €51,115
mainly Current investments (+€45,000) and Receivables within one year (+€25,101)
- Receivables within one year -€25,101
down €25,101 (-80.7%), from €31,096 to €5,995
of which Trade receivables: -€17,484
- Reserves -€26,794
down €26,794 (-37.6%), from €71,206 to €44,412
- Profit (loss) carried forward -€8,907
down €8,907 (-1.4%), from €636,245 to €627,338
- Gross operating margin -€12,897
down €12,897 (-370.2%), from -€3,484 to -€16,382
- Taxes -€1,325
down €1,325 (-88.0%), from €1,506 to €182
- Financial income -€737
down €737 (-6.5%), from €11,326 to €10,589
- Other operating charges -€677
down €677 (-45.2%), from €1,499 to €821
- Depreciation -€359
down €359 (-15.3%), from €2,346 to €1,988
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 | €834,681 | €799,581 | -€35,100 | -4.2% |
| Fixed assets | 21/28 | €356,660 | €356,072 | -€587 | -0.2% |
| Tangible fixed assets | 22/27 | €3,535 | €2,951 | -€584 | -16.5% |
| Furniture and vehicles | 24 | €3,535 | €2,951 | -€584 | -16.5% |
| Financial fixed assets | 28 | €353,125 | €353,121 | -€4 | 0.0% |
| Current assets | 29/58 | €478,022 | €443,509 | -€34,513 | -7.2% |
| Amounts receivable within one year | 40/41 | €31,096 | €5,995 | -€25,101 | -80.7% |
| Trade receivables | 40 | €18,150 | €666 | -€17,484 | -96.3% |
| Other amounts receivable | 41 | €12,946 | €5,329 | -€7,616 | -58.8% |
| Current investments | 50/53 | €425,000 | €380,000 | -€45,000 | -10.6% |
| Cash at bank and in hand | 54/58 | €16,736 | €51,115 | +€34,378 | +205.4% |
| Deferred charges and accrued income | 490/1 | €5,190 | €6,399 | +€1,209 | +23.3% |
| Total equity and liabilities | 10/49 | €834,681 | €799,581 | -€35,100 | -4.2% |
| Equity | 10/15 | €807,451 | €771,750 | -€35,701 | -4.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €71,206 | €44,412 | -€26,794 | -37.6% |
| Distributable reserves | 133 | €71,206 | €44,412 | -€26,794 | -37.6% |
| Profit (loss) carried forward | 14 | €636,245 | €627,338 | -€8,907 | -1.4% |
| Amounts payable | 17/49 | €27,230 | €27,831 | +€601 | +2.2% |
| Amounts payable within one year | 42/48 | €27,230 | €27,831 | +€601 | +2.2% |
| Trade debts | 44 | €1,682 | €601 | -€1,081 | -64.2% |
| Suppliers | 440/4 | €1,682 | €601 | -€1,081 | -64.2% |
| Taxes, remuneration and social security | 45 | €488 | €364 | -€124 | -25.5% |
| Taxes | 450/3 | €488 | €364 | -€124 | -25.5% |
| Other amounts payable | 47/48 | €25,060 | €26,866 | +€1,806 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,346 | €1,988 | -€359 | -15.3% |
| Other operating charges | 640/8 | €1,499 | €821 | -€677 | -45.2% |
| Gross operating margin | 9900 | -€3,484 | -€16,382 | -€12,897 | -370.2% |
| Operating profit (loss) | 9901 | -€7,329 | -€19,191 | -€11,861 | -161.8% |
| Financial income | 75/76B | €11,326 | €10,589 | -€737 | -6.5% |
| Recurring financial income | 75 | €11,326 | €10,589 | -€737 | -6.5% |
| Financial charges | 65/66B | €80 | €124 | +€44 | +54.5% |
| Recurring financial charges | 65 | €80 | €124 | +€44 | +54.5% |
| Profit (loss) for the period before taxes | 9903 | €3,917 | -€8,726 | -€12,642 | |
| Income taxes | 67/77 | €1,506 | €182 | -€1,325 | -88.0% |
| Profit (loss) for the period | 9904 | €2,410 | -€8,907 | -€11,317 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,410 | -€8,907 | -€11,317 |
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 5 October 2026 via checked.be.