VANWETS: 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.
VANWETS
Largest movements
- Receivables within one year +€23,259
up €23,259 (+131.4%), from €17,705 to €40,964
- Deferred charges and accrued income -€14,751
down €14,751 (-98.4%), from €14,995 to €244
- Cash -€7,078
down €7,078 (-90.1%), from €7,852 to €773
mainly Contributions, distributions and other (-€32,000) and Receivables within one year (-€23,259)
- Tangible fixed assets -€3,102
down €3,102 (-4.4%), from €69,999 to €66,898
- Other debts +€15,354
up €15,354 (+91.7%), from €16,739 to €32,093
- Profit (loss) carried forward -€7,146
down €7,146 (-21.8%), from €32,724 to €25,578
- Debts after one year -€6,936
down €6,936 (-85.6%), from €8,105 to €1,169
- Tax, wage and social debts -€3,074
down €3,074 (-25.4%), from €12,092 to €9,018
- Gross operating margin +€10,786
up €10,786 (+34.7%), from €31,056 to €41,842
- Taxes +€2,478
up €2,478 (+39.5%), from €6,270 to €8,748
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 | €110,551 | €108,879 | -€1,672 | -1.5% |
| Fixed assets | 21/28 | €69,999 | €66,898 | -€3,102 | -4.4% |
| Tangible fixed assets | 22/27 | €69,999 | €66,898 | -€3,102 | -4.4% |
| Land and buildings | 22 | €69,999 | €66,898 | -€3,102 | -4.4% |
| Current assets | 29/58 | €40,551 | €41,982 | +€1,430 | +3.5% |
| Amounts receivable within one year | 40/41 | €17,705 | €40,964 | +€23,259 | +131.4% |
| Other amounts receivable | 41 | €17,705 | €40,964 | +€23,259 | +131.4% |
| Cash at bank and in hand | 54/58 | €7,852 | €773 | -€7,078 | -90.1% |
| Deferred charges and accrued income | 490/1 | €14,995 | €244 | -€14,751 | -98.4% |
| Total equity and liabilities | 10/49 | €110,551 | €108,879 | -€1,672 | -1.5% |
| Equity | 10/15 | €66,809 | €59,663 | -€7,146 | -10.7% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €3,099 | €3,099 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Other | 1319 | €0 | - | = | |
| Distributable reserves | 133 | €3,099 | €3,099 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,724 | €25,578 | -€7,146 | -21.8% |
| Amounts payable | 17/49 | €43,741 | €49,216 | +€5,475 | +12.5% |
| Amounts payable after more than one year | 17 | €8,105 | €1,169 | -€6,936 | -85.6% |
| Financial debts | 170/4 | €8,105 | €1,169 | -€6,936 | -85.6% |
| Amounts payable within one year | 42/48 | €35,636 | €48,047 | +€12,411 | +34.8% |
| Current portion of amounts payable after more than one year | 42 | €6,805 | €6,936 | +€131 | +1.9% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €12,092 | €9,018 | -€3,074 | -25.4% |
| Taxes | 450/3 | €12,092 | €9,018 | -€3,074 | -25.4% |
| Other amounts payable | 47/48 | €16,739 | €32,093 | +€15,354 | +91.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,102 | €3,102 | = | 0.0% |
| Other operating charges | 640/8 | €4,488 | €4,618 | +€131 | +2.9% |
| Non-recurring operating charges | 66A | - | €191 | +€191 | |
| Gross operating margin | 9900 | €31,056 | €41,842 | +€10,786 | +34.7% |
| Operating profit (loss) | 9901 | €23,467 | €33,932 | +€10,464 | +44.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €458 | €330 | -€129 | -28.1% |
| Recurring financial charges | 65 | €458 | €330 | -€129 | -28.1% |
| Profit (loss) for the period before taxes | 9903 | €23,009 | €33,602 | +€10,593 | +46.0% |
| Income taxes | 67/77 | €6,270 | €8,748 | +€2,478 | +39.5% |
| Profit (loss) for the period | 9904 | €16,739 | €24,854 | +€8,115 | +48.5% |
| Profit (loss) for the period to be appropriated | 9905 | €16,739 | €24,854 | +€8,115 | +48.5% |
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 4 October 2026 via checked.be.