VAVANTAS: 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.
VAVANTAS
Largest movements
- Tangible fixed assets -€109,817
down €109,817 (-72.3%), from €151,825 to €42,007
of which Furniture and vehicles: -€85,736
- Receivables within one year -€9,973
down €9,973 (-86.0%), from €11,596 to €1,623
of which Trade receivables: -€7,747
- Deferred charges and accrued income -€3,335
no longer reported in 2025 (was €3,335)
- Debts after one year -€57,923
down €57,923 (-13.5%), from €427,731 to €369,807
- Reserves -€39,943
down €39,943 (-9.3%), from €429,099 to €389,155
of which Distributable reserves: -€39,943
- Current portion of long-term debt -€9,881
no longer reported in 2025 (was €9,881)
- Trade debts -€9,849
down €9,849 (-51.6%), from €19,101 to €9,252
- Tax, wage and social debts -€7,093
down €7,093 (-78.6%), from €9,026 to €1,933
of which Remuneration and social security: -€7,869
- Gross operating margin +€336,738
up €336,738, from -€335,126 to €1,612
- Staff costs -€115,108
down €115,108 (-87.9%), from €130,964 to €15,856
- Depreciation -€49,422
down €49,422 (-68.0%), from €72,672 to €23,250
- Financial charges -€7,846
down €7,846 (-94.4%), from €8,309 to €463
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 | €173,420 | €48,719 | -€124,701 | -71.9% |
| Fixed assets | 21/28 | €155,929 | €46,112 | -€109,817 | -70.4% |
| Tangible fixed assets | 22/27 | €151,825 | €42,007 | -€109,817 | -72.3% |
| Plant, machinery and equipment | 23 | €28,866 | €15,939 | -€12,927 | -44.8% |
| Furniture and vehicles | 24 | €86,108 | €371 | -€85,736 | -99.6% |
| Other tangible fixed assets | 26 | €36,852 | €25,697 | -€11,155 | -30.3% |
| Financial fixed assets | 28 | €4,105 | €4,105 | = | 0.0% |
| Current assets | 29/58 | €17,491 | €2,608 | -€14,883 | -85.1% |
| Amounts receivable within one year | 40/41 | €11,596 | €1,623 | -€9,973 | -86.0% |
| Trade receivables | 40 | €9,370 | €1,623 | -€7,747 | -82.7% |
| Other amounts receivable | 41 | €2,225 | - | -€2,225 | |
| Cash at bank and in hand | 54/58 | €2,560 | €985 | -€1,575 | -61.5% |
| Deferred charges and accrued income | 490/1 | €3,335 | - | -€3,335 | |
| Total equity and liabilities | 10/49 | €173,420 | €48,719 | -€124,701 | -71.9% |
| Equity | 10/15 | -€292,319 | -€332,273 | -€39,955 | -13.7% |
| Contributions | 10/11 | €1,600,000 | €1,600,000 | = | 0.0% |
| Capital | 10 | €1,600,000 | €1,600,000 | = | 0.0% |
| Issued capital | 100 | €1,600,000 | €1,600,000 | = | 0.0% |
| Reserves | 13 | €429,099 | €389,155 | -€39,943 | -9.3% |
| Non-distributable reserves | 130/1 | €22,110 | €22,110 | = | 0.0% |
| Legal reserve | 130 | €22,110 | €22,110 | = | 0.0% |
| Distributable reserves | 133 | €406,989 | €367,046 | -€39,943 | -9.8% |
| Profit (loss) carried forward | 14 | -€2,321,417 | -€2,321,429 | -€11 | 0.0% |
| Amounts payable | 17/49 | €465,739 | €380,993 | -€84,746 | -18.2% |
| Amounts payable after more than one year | 17 | €427,731 | €369,807 | -€57,923 | -13.5% |
| Other amounts payable | 178/9 | €427,731 | €369,807 | -€57,923 | -13.5% |
| Amounts payable within one year | 42/48 | €38,008 | €11,186 | -€26,823 | -70.6% |
| Current portion of amounts payable after more than one year | 42 | €9,881 | - | -€9,881 | |
| Trade debts | 44 | €19,101 | €9,252 | -€9,849 | -51.6% |
| Suppliers | 440/4 | €19,101 | €9,252 | -€9,849 | -51.6% |
| Taxes, remuneration and social security | 45 | €9,026 | €1,933 | -€7,093 | -78.6% |
| Taxes | 450/3 | €1,157 | €1,933 | +€777 | +67.1% |
| Remuneration and social security | 454/9 | €7,869 | - | -€7,869 | |
| Remuneration, social security and pensions | 62 | €130,964 | €15,856 | -€115,108 | -87.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,672 | €23,250 | -€49,422 | -68.0% |
| Other operating charges | 640/8 | €3,767 | €1,659 | -€2,108 | -56.0% |
| Gross operating margin | 9900 | -€335,126 | €1,612 | +€336,738 | |
| Operating profit (loss) | 9901 | -€542,528 | -€39,153 | +€503,375 | +92.8% |
| Financial income | 75/76B | €240 | €229 | -€11 | -4.7% |
| Recurring financial income | 75 | €240 | €229 | -€11 | -4.7% |
| Financial charges | 65/66B | €8,309 | €463 | -€7,846 | -94.4% |
| Recurring financial charges | 65 | €8,309 | €463 | -€7,846 | -94.4% |
| Profit (loss) for the period before taxes | 9903 | -€550,597 | -€39,388 | +€511,210 | +92.8% |
| Income taxes | 67/77 | €1,157 | €556 | -€601 | -51.9% |
| Profit (loss) for the period | 9904 | -€551,754 | -€39,943 | +€511,811 | +92.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€551,754 | -€39,943 | +€511,811 | +92.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.