VANZEER: 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.
VANZEER
Largest movements
- Receivables within one year -€94,478
down €94,478 (-46.2%), from €204,284 to €109,806
of which Other amounts receivable: -€72,506
- Tangible fixed assets -€16,871
down €16,871 (-35.3%), from €47,734 to €30,863
of which Furniture and vehicles: -€14,626
- Stocks and contracts -€8,719
down €8,719 (-33.0%), from €26,409 to €17,690
- Cash +€8,538
up €8,538 (+2.2%), from €382,773 to €391,311
mainly Receivables within one year (+€94,478) and Net result for the year (+€51,697)
- Trade debts -€125,137
down €125,137 (-53.7%), from €232,924 to €107,787
- Tax, wage and social debts +€6,952
up €6,952 (+113.6%), from €6,122 to €13,073
of which Taxes: +€5,456
- Staff costs -€171,076
down €171,076 (-29.8%), from €574,873 to €403,797
- Gross operating margin -€160,775
down €160,775 (-24.6%), from €653,857 to €493,081
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 | €672,614 | €559,868 | -€112,746 | -16.8% |
| Fixed assets | 21/28 | €47,734 | €30,863 | -€16,871 | -35.3% |
| Tangible fixed assets | 22/27 | €47,734 | €30,863 | -€16,871 | -35.3% |
| Plant, machinery and equipment | 23 | €3,983 | €1,738 | -€2,244 | -56.4% |
| Furniture and vehicles | 24 | €43,751 | €29,125 | -€14,626 | -33.4% |
| Current assets | 29/58 | €624,879 | €529,004 | -€95,875 | -15.3% |
| Stocks and contracts in progress | 3 | €26,409 | €17,690 | -€8,719 | -33.0% |
| Stocks | 30/36 | €26,409 | €17,690 | -€8,719 | -33.0% |
| Amounts receivable within one year | 40/41 | €204,284 | €109,806 | -€94,478 | -46.2% |
| Trade receivables | 40 | €127,792 | €105,819 | -€21,973 | -17.2% |
| Other amounts receivable | 41 | €76,492 | €3,986 | -€72,506 | -94.8% |
| Cash at bank and in hand | 54/58 | €382,773 | €391,311 | +€8,538 | +2.2% |
| Deferred charges and accrued income | 490/1 | €11,413 | €10,198 | -€1,216 | -10.7% |
| Total equity and liabilities | 10/49 | €672,614 | €559,868 | -€112,746 | -16.8% |
| Equity | 10/15 | €381,280 | €382,977 | +€1,697 | +0.4% |
| Contributions | 10/11 | €80,565 | €80,565 | = | 0.0% |
| Capital | 10 | €80,565 | €80,565 | = | 0.0% |
| Issued capital | 100 | €80,565 | €80,565 | = | 0.0% |
| Reserves | 13 | €300,715 | €302,412 | +€1,697 | +0.6% |
| Non-distributable reserves | 130/1 | €8,057 | €8,057 | = | 0.0% |
| Legal reserve | 130 | €8,057 | €8,057 | = | 0.0% |
| Distributable reserves | 133 | €292,658 | €294,355 | +€1,697 | +0.6% |
| Amounts payable | 17/49 | €291,333 | €176,890 | -€114,443 | -39.3% |
| Amounts payable within one year | 42/48 | €289,046 | €170,861 | -€118,186 | -40.9% |
| Trade debts | 44 | €232,924 | €107,787 | -€125,137 | -53.7% |
| Suppliers | 440/4 | €232,924 | €107,787 | -€125,137 | -53.7% |
| Taxes, remuneration and social security | 45 | €6,122 | €13,073 | +€6,952 | +113.6% |
| Taxes | 450/3 | €595 | €6,051 | +€5,456 | +916.8% |
| Remuneration and social security | 454/9 | €5,527 | €7,022 | +€1,496 | +27.1% |
| Other amounts payable | 47/48 | €50,000 | €50,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,287 | €6,030 | +€3,743 | +163.7% |
| Remuneration, social security and pensions | 62 | €574,873 | €403,797 | -€171,076 | -29.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,794 | €14,084 | -€3,710 | -20.8% |
| Other operating charges | 640/8 | €2,788 | €2,393 | -€395 | -14.2% |
| Gross operating margin | 9900 | €653,857 | €493,081 | -€160,775 | -24.6% |
| Operating profit (loss) | 9901 | €58,402 | €72,808 | +€14,406 | +24.7% |
| Financial income | 75/76B | €165 | €2,281 | +€2,117 | +1286.1% |
| Recurring financial income | 75 | €165 | €2,281 | +€2,117 | +1286.1% |
| Financial charges | 65/66B | €1,346 | €2,341 | +€995 | +73.9% |
| Recurring financial charges | 65 | €1,346 | €2,341 | +€995 | +73.9% |
| Profit (loss) for the period before taxes | 9903 | €57,221 | €72,748 | +€15,527 | +27.1% |
| Income taxes | 67/77 | €15,595 | €21,051 | +€5,456 | +35.0% |
| Profit (loss) for the period | 9904 | €41,626 | €51,697 | +€10,071 | +24.2% |
| Profit (loss) for the period to be appropriated | 9905 | €41,626 | €51,697 | +€10,071 | +24.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.