Vatana: 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.
What changed
Vatana
NACE 47.716, Retail sale of clothing and accessories for women, men, children and babies (general range)
fiscal year 2025 against 2026filed annual accounts (NBB)
Net result for the year
€470,289
2025 · €365,198+€105,091
Equity
€17.1m
2025 · €16.7m+€370,289
Cash
€935,475
2025 · €1.1m-€208,109
Balance sheet total
€20.9m
2025 · €20.3m+€655,613
Largest movements
Assets
- Current investments +€612,538
up €612,538 (+7.1%), from €8.7m to €9.3m
Equity and liabilities
- Trade debts +€505,600
up €505,600 (+91.1%), from €555,017 to €1.1m
- Profit (loss) carried forward +€350,289
up €350,289 (+35.9%), from €976,207 to €1.3m
- Debts after one year -€312,592
down €312,592 (-14.6%), from €2.1m to €1.8m
Income statement
- Turnover -€1.0m
down €1.0m (-8.8%), from €11.4m to €10.4m
- Financial income +€761,144
up €761,144 (+185.6%), from €410,015 to €1.2m
- Goods and materials -€605,876
down €605,876 (-9.2%), from €6.6m to €6.0m
of which Change in stocks: decrease (increase): -€319,592
- Staff costs +€160,247
up €160,247 (+13.8%), from €1.2m to €1.3m
From the 2025 result to the 2026 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.
Result 2025
€365,198
Turnover
-€1.0m
Other operating income
-€10,271
Goods and materials
+€605,876
Services and other goods
-€101,231
Staff costs
-€160,247
Depreciation
-€29,839
Other operating charges
-€3,010
Other operating items
-€21,987
Financial income
+€761,144
Financial charges
-€37,014
Taxes
+€107,646
Result 2026
€470,289
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€1.3m
Investment
-€1.1m
Financing
-€407,941
Cash 2025
€1.1m
From operations (derived)
+€1.3m
Net result for the year
+€470,289
Depreciation
+€516,662
Stocks and contracts
-€195,586
Receivables within one year
-€88,993
Deferred charges and accrued income
+€52,332
Trade debts
+€505,600
Tax, wage and social debts
+€3,806
Other debts
+€83,860
Investment (derived)
-€1.1m
Investment in fixed assets (net)
-€535,599
Current investments
-€612,538
Financing
-€407,941
Debts after one year
-€312,592
Current portion of long-term debt
+€4,651
Contributions, distributions and other
-€100,000
Cash 2026
€935,475
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,263,024 | €20,918,637 | +€655,613 | +3.2% |
| Fixed assets | 21/28 | €3,029,061 | €3,047,998 | +€18,937 | +0.6% |
| Intangible fixed assets | 21 | €193,204 | €129,623 | -€63,581 | -32.9% |
| Tangible fixed assets | 22/27 | €2,828,453 | €2,910,972 | +€82,518 | +2.9% |
| Plant, machinery and equipment | 23 | €144,743 | €121,780 | -€22,963 | -15.9% |
| Furniture and vehicles | 24 | €118,094 | €84,873 | -€33,221 | -28.1% |
| Leasing and similar rights | 25 | €2,324,780 | €2,018,114 | -€306,666 | -13.2% |
| Other tangible fixed assets | 26 | €240,837 | €606,205 | +€365,368 | +151.7% |
| Assets under construction and advance payments | 27 | - | €80,000 | +€80,000 | |
| Financial fixed assets | 28 | €7,403 | €7,403 | = | 0.0% |
| Other financial fixed assets | 284/8 | €7,403 | €7,403 | = | 0.0% |
| Shares | 284 | €7,403 | €7,403 | = | 0.0% |
| Current assets | 29/58 | €17,233,963 | €17,870,639 | +€636,676 | +3.7% |
| Amounts receivable after more than one year | 29 | €4,156,720 | €4,156,720 | = | 0.0% |
| Other amounts receivable | 291 | €4,156,720 | €4,156,720 | = | 0.0% |
| Stocks and contracts in progress | 3 | €2,973,716 | €3,169,302 | +€195,586 | +6.6% |
| Stocks | 30/36 | €2,973,716 | €3,169,302 | +€195,586 | +6.6% |
| Goods purchased for resale | 34 | €2,973,716 | €3,169,302 | +€195,586 | +6.6% |
| Amounts receivable within one year | 40/41 | €138,105 | €227,098 | +€88,993 | +64.4% |
| Trade receivables | 40 | €30,391 | €57,450 | +€27,059 | +89.0% |
| Other amounts receivable | 41 | €107,714 | €169,647 | +€61,934 | +57.5% |
| Current investments | 50/53 | €8,685,979 | €9,298,516 | +€612,538 | +7.1% |
| Other investments | 51/53 | €8,685,979 | €9,298,516 | +€612,538 | +7.1% |
| Cash at bank and in hand | 54/58 | €1,143,584 | €935,475 | -€208,109 | -18.2% |
| Deferred charges and accrued income | 490/1 | €135,859 | €83,528 | -€52,332 | -38.5% |
| Total equity and liabilities | 10/49 | €20,263,024 | €20,918,637 | +€655,613 | +3.2% |
| Equity | 10/15 | €16,720,673 | €17,090,963 | +€370,289 | +2.2% |
| Contributions | 10/11 | €11,940,000 | €11,940,000 | = | 0.0% |
| Capital | 10 | €11,940,000 | €11,940,000 | = | 0.0% |
| Issued capital | 100 | €11,940,000 | €11,940,000 | = | 0.0% |
| Reserves | 13 | €3,804,467 | €3,824,467 | +€20,000 | +0.5% |
| Non-distributable reserves | 130/1 | €800,000 | €820,000 | +€20,000 | +2.5% |
| Legal reserve | 130 | €800,000 | €820,000 | +€20,000 | +2.5% |
| Tax-exempt reserves | 132 | €4,467 | €4,467 | = | 0.0% |
| Distributable reserves | 133 | €3,000,000 | €3,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €976,207 | €1,326,496 | +€350,289 | +35.9% |
| Amounts payable | 17/49 | €3,542,350 | €3,827,675 | +€285,324 | +8.1% |
| Amounts payable after more than one year | 17 | €2,146,698 | €1,834,106 | -€312,592 | -14.6% |
| Financial debts | 170/4 | €2,146,698 | €1,834,106 | -€312,592 | -14.6% |
| Leasing and similar obligations | 172 | €2,146,698 | €1,834,106 | -€312,592 | -14.6% |
| Amounts payable within one year | 42/48 | €1,395,653 | €1,993,569 | +€597,916 | +42.8% |
| Current portion of amounts payable after more than one year | 42 | €307,941 | €312,592 | +€4,651 | +1.5% |
| Trade debts | 44 | €555,017 | €1,060,617 | +€505,600 | +91.1% |
| Suppliers | 440/4 | €555,017 | €1,060,617 | +€505,600 | +91.1% |
| Taxes, remuneration and social security | 45 | €222,367 | €226,173 | +€3,806 | +1.7% |
| Taxes | 450/3 | €47,540 | €39,969 | -€7,571 | -15.9% |
| Remuneration and social security | 454/9 | €174,828 | €186,204 | +€11,377 | +6.5% |
| Other amounts payable | 47/48 | €310,327 | €394,187 | +€83,860 | +27.0% |
| Operating income | 70/76A | €11,482,404 | €10,444,429 | -€1.0m | -9.0% |
| Turnover | 70 | €11,409,902 | €10,403,925 | -€1.0m | -8.8% |
| Other operating income | 74 | €50,774 | €40,503 | -€10,271 | -20.2% |
| Non-recurring operating income | 76A | €21,728 | - | -€21,728 | |
| Operating charges | 60/66A | €11,332,550 | €11,021,260 | -€311,290 | -2.7% |
| Goods for resale, raw materials and consumables | 60 | €6,621,300 | €6,015,424 | -€605,876 | -9.2% |
| Purchases | 600/8 | €6,497,294 | €6,211,010 | -€286,284 | -4.4% |
| Change in stocks: decrease (increase) | 609 | €124,006 | -€195,586 | -€319,592 | |
| Services and other goods | 61 | €2,944,004 | €3,045,235 | +€101,231 | +3.4% |
| Remuneration, social security and pensions | 62 | €1,157,300 | €1,317,548 | +€160,247 | +13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €486,824 | €516,662 | +€29,839 | +6.1% |
| Other operating charges | 640/8 | €121,678 | €124,688 | +€3,010 | +2.5% |
| Non-recurring operating charges | 66A | €1,444 | €1,703 | +€259 | +17.9% |
| Operating profit (loss) | 9901 | €149,854 | -€576,831 | -€726,686 | |
| Financial income | 75/76B | €410,015 | €1,171,159 | +€761,144 | +185.6% |
| Recurring financial income | 75 | €410,015 | €1,171,159 | +€761,144 | +185.6% |
| Income from current assets | 751 | €301,851 | €1,073,918 | +€772,067 | +255.8% |
| Other financial income | 752/9 | €108,164 | €97,241 | -€10,923 | -10.1% |
| Financial charges | 65/66B | €86,036 | €123,050 | +€37,014 | +43.0% |
| Recurring financial charges | 65 | €86,036 | €123,050 | +€37,014 | +43.0% |
| Debt charges | 650 | €39,337 | €58,066 | +€18,729 | +47.6% |
| Other financial charges | 652/9 | €46,699 | €64,984 | +€18,285 | +39.2% |
| Profit (loss) for the period before taxes | 9903 | €473,833 | €471,278 | -€2,556 | -0.5% |
| Income taxes | 67/77 | €108,635 | €988 | -€107,646 | -99.1% |
| Taxes | 670/3 | €108,635 | €988 | -€107,646 | -99.1% |
| Profit (loss) for the period | 9904 | €365,198 | €470,289 | +€105,091 | +28.8% |
| Profit (loss) for the period to be appropriated | 9905 | €365,198 | €470,289 | +€105,091 | +28.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.