VAVIN: 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.
VAVIN
Largest movements
- Cash +€4,276
up €4,276 (+266.0%), from €1,607 to €5,883
mainly Net result for the year (+€6,487) and Receivables within one year (+€4,010)
- Receivables within one year -€4,010
down €4,010 (-34.8%), from €11,524 to €7,514
of which Trade receivables: -€4,540
- Stocks and contracts -€1,840
down €1,840 (-36.5%), from €5,040 to €3,199
- Other debts +€3,590
up €3,590 (+92.5%), from €3,882 to €7,472
- Reserves -€3,313
down €3,313 (-82.1%), from €4,037 to €724
- Trade debts +€1,714
up €1,714 (+153.3%), from €1,118 to €2,832
- Tax, wage and social debts -€1,534
down €1,534 (-33.4%), from €4,595 to €3,061
- Short-term financial debts -€1,481
down €1,481 (-99.5%), from €1,488 to €7
- Gross operating margin +€3,459
up €3,459 (+44.9%), from €7,699 to €11,158
- Taxes +€452
up €452 (+21.9%), from €2,064 to €2,515
- Other operating charges +€116
up €116 (+11.4%), from €1,020 to €1,137
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 | €18,171 | €16,596 | -€1,575 | -8.7% |
| Current assets | 29/58 | €18,171 | €16,596 | -€1,575 | -8.7% |
| Stocks and contracts in progress | 3 | €5,040 | €3,199 | -€1,840 | -36.5% |
| Stocks | 30/36 | €5,040 | €3,199 | -€1,840 | -36.5% |
| Amounts receivable within one year | 40/41 | €11,524 | €7,514 | -€4,010 | -34.8% |
| Trade receivables | 40 | €11,524 | €6,985 | -€4,540 | -39.4% |
| Other amounts receivable | 41 | €0 | €530 | +€530 | |
| Cash at bank and in hand | 54/58 | €1,607 | €5,883 | +€4,276 | +266.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €18,171 | €16,596 | -€1,575 | -8.7% |
| Equity | 10/15 | €6,537 | €3,224 | -€3,313 | -50.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €4,037 | €724 | -€3,313 | -82.1% |
| Distributable reserves | 133 | €4,037 | €724 | -€3,313 | -82.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €11,634 | €13,372 | +€1,738 | +14.9% |
| Amounts payable within one year | 42/48 | €11,084 | €13,372 | +€2,288 | +20.6% |
| Financial debts | 43 | €1,488 | €7 | -€1,481 | -99.5% |
| Credit institutions | 430/8 | €1,488 | €7 | -€1,481 | -99.5% |
| Trade debts | 44 | €1,118 | €2,832 | +€1,714 | +153.3% |
| Suppliers | 440/4 | €1,118 | €2,832 | +€1,714 | +153.3% |
| Taxes, remuneration and social security | 45 | €4,595 | €3,061 | -€1,534 | -33.4% |
| Taxes | 450/3 | €4,595 | €3,061 | -€1,534 | -33.4% |
| Other amounts payable | 47/48 | €3,882 | €7,472 | +€3,590 | +92.5% |
| Accrued charges and deferred income | 492/3 | €550 | €0 | -€550 | -100.0% |
| Other operating charges | 640/8 | €1,020 | €1,137 | +€116 | +11.4% |
| Gross operating margin | 9900 | €7,699 | €11,158 | +€3,459 | +44.9% |
| Operating profit (loss) | 9901 | €6,679 | €10,022 | +€3,342 | +50.0% |
| Financial income | 75/76B | €61 | €28 | -€33 | -54.0% |
| Recurring financial income | 75 | €61 | €28 | -€33 | -54.0% |
| Financial charges | 65/66B | €1,150 | €1,048 | -€102 | -8.9% |
| Recurring financial charges | 65 | €1,150 | €1,048 | -€102 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | €5,591 | €9,002 | +€3,411 | +61.0% |
| Income taxes | 67/77 | €2,064 | €2,515 | +€452 | +21.9% |
| Profit (loss) for the period | 9904 | €3,527 | €6,487 | +€2,960 | +83.9% |
| Profit (loss) for the period to be appropriated | 9905 | €3,527 | €6,487 | +€2,960 | +83.9% |
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 10 October 2026 via checked.be.