VANZO: 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.
VANZO
Largest movements
- Receivables within one year -€49,146
down €49,146 (-47.1%), from €104,357 to €55,211
of which Trade receivables: -€43,726
- Stocks and contracts +€38,835
up €38,835 (+38.9%), from €99,737 to €138,572
- Cash -€5,623
down €5,623 (-41.1%), from €13,697 to €8,075
mainly Stocks and contracts (-€38,835) and Trade debts (-€28,802)
- Deferred charges and accrued income -€2,601
down €2,601 (-57.2%), from €4,551 to €1,950
- Trade debts -€28,802
down €28,802 (-69.4%), from €41,531 to €12,729
- Other debts +€19,200
up €19,200 (+101%), from €19,000 to €38,200
- Tax, wage and social debts -€9,678
down €9,678 (-22.9%), from €42,281 to €32,603
of which Taxes: -€8,059
- Staff costs +€4,942
up €4,942 (+3.4%), from €144,442 to €149,384
- Gross operating margin +€2,352
up €2,352 (+1.5%), from €158,405 to €160,757
- Other operating charges -€1,930
no longer reported in 2025 (was €1,930)
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 | €225,681 | €208,264 | -€17,417 | -7.7% |
| Fixed assets | 21/28 | €3,338 | €4,456 | +€1,118 | +33.5% |
| Tangible fixed assets | 22/27 | €3,338 | €4,456 | +€1,118 | +33.5% |
| Plant, machinery and equipment | 23 | €284 | - | -€284 | |
| Furniture and vehicles | 24 | €3,054 | €4,456 | +€1,402 | +45.9% |
| Current assets | 29/58 | €222,343 | €203,807 | -€18,535 | -8.3% |
| Stocks and contracts in progress | 3 | €99,737 | €138,572 | +€38,835 | +38.9% |
| Stocks | 30/36 | €99,737 | €138,572 | +€38,835 | +38.9% |
| Amounts receivable within one year | 40/41 | €104,357 | €55,211 | -€49,146 | -47.1% |
| Trade receivables | 40 | €92,431 | €48,705 | -€43,726 | -47.3% |
| Other amounts receivable | 41 | €11,926 | €6,506 | -€5,420 | -45.4% |
| Cash at bank and in hand | 54/58 | €13,697 | €8,075 | -€5,623 | -41.1% |
| Deferred charges and accrued income | 490/1 | €4,551 | €1,950 | -€2,601 | -57.2% |
| Total equity and liabilities | 10/49 | €225,681 | €208,264 | -€17,417 | -7.7% |
| Equity | 10/15 | €122,869 | €124,732 | +€1,863 | +1.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €102,409 | €104,272 | +€1,863 | +1.8% |
| Amounts payable | 17/49 | €102,812 | €83,532 | -€19,280 | -18.8% |
| Amounts payable within one year | 42/48 | €102,812 | €83,532 | -€19,280 | -18.8% |
| Trade debts | 44 | €41,531 | €12,729 | -€28,802 | -69.4% |
| Suppliers | 440/4 | €41,531 | €12,729 | -€28,802 | -69.4% |
| Taxes, remuneration and social security | 45 | €42,281 | €32,603 | -€9,678 | -22.9% |
| Taxes | 450/3 | €27,742 | €19,682 | -€8,059 | -29.1% |
| Remuneration and social security | 454/9 | €14,539 | €12,920 | -€1,619 | -11.1% |
| Other amounts payable | 47/48 | €19,000 | €38,200 | +€19,200 | +101% |
| Remuneration, social security and pensions | 62 | €144,442 | €149,384 | +€4,942 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,410 | €2,900 | -€510 | -15.0% |
| Other operating charges | 640/8 | €1,930 | - | -€1,930 | |
| Gross operating margin | 9900 | €158,405 | €160,757 | +€2,352 | +1.5% |
| Operating profit (loss) | 9901 | €8,623 | €8,473 | -€150 | -1.7% |
| Financial income | 75/76B | €47 | €272 | +€226 | +483% |
| Recurring financial income | 75 | €47 | €272 | +€226 | +483% |
| Financial charges | 65/66B | €2,253 | €1,888 | -€365 | -16.2% |
| Recurring financial charges | 65 | €2,253 | €1,888 | -€365 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | €6,417 | €6,858 | +€441 | +6.9% |
| Income taxes | 67/77 | €4,444 | €4,995 | +€552 | +12.4% |
| Profit (loss) for the period | 9904 | €1,973 | €1,863 | -€111 | -5.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,973 | €1,863 | -€111 | -5.6% |
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 14 October 2026 via checked.be.