VnA: 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.
VnA
Largest movements
- Receivables within one year +€22,340
new in 2025: €22,340
- Cash +€19,373
up €19,373 (+39.2%), from €49,395 to €68,768
mainly Net result for the year (+€38,496) and Tax, wage and social debts (+€2,787)
- Tangible fixed assets +€1,797
new in 2025: €1,797
- Reserves +€38,496
up €38,496 (+163%), from €23,566 to €62,062
- Tax, wage and social debts +€2,787
up €2,787 (+13.6%), from €20,441 to €23,228
- Trade debts +€2,227
up €2,227 (+574%), from €388 to €2,615
- Gross operating margin -€12,623
down €12,623 (-20.0%), from €63,167 to €50,544
- Taxes -€2,282
down €2,282 (-17.8%), from €12,804 to €10,522
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 | €49,395 | €92,905 | +€43,510 | +88.1% |
| Fixed assets | 21/28 | - | €1,797 | +€1,797 | |
| Tangible fixed assets | 22/27 | - | €1,797 | +€1,797 | |
| Furniture and vehicles | 24 | - | €1,797 | +€1,797 | |
| Current assets | 29/58 | €49,395 | €91,108 | +€41,713 | +84.4% |
| Amounts receivable within one year | 40/41 | - | €22,340 | +€22,340 | |
| Other amounts receivable | 41 | - | €22,340 | +€22,340 | |
| Cash at bank and in hand | 54/58 | €49,395 | €68,768 | +€19,373 | +39.2% |
| Total equity and liabilities | 10/49 | €49,395 | €92,905 | +€43,510 | +88.1% |
| Equity | 10/15 | €28,566 | €67,062 | +€38,496 | +135% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €23,566 | €62,062 | +€38,496 | +163% |
| Distributable reserves | 133 | €23,566 | €62,062 | +€38,496 | +163% |
| Amounts payable | 17/49 | €20,829 | €25,843 | +€5,014 | +24.1% |
| Amounts payable within one year | 42/48 | €20,829 | €25,843 | +€5,014 | +24.1% |
| Trade debts | 44 | €388 | €2,615 | +€2,227 | +574% |
| Suppliers | 440/4 | €388 | €2,615 | +€2,227 | +574% |
| Taxes, remuneration and social security | 45 | €20,441 | €23,228 | +€2,787 | +13.6% |
| Taxes | 450/3 | €20,441 | €23,228 | +€2,787 | +13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €325 | +€325 | |
| Other operating charges | 640/8 | €1,287 | €1,409 | +€122 | +9.5% |
| Gross operating margin | 9900 | €63,167 | €50,544 | -€12,623 | -20.0% |
| Operating profit (loss) | 9901 | €61,880 | €48,810 | -€13,070 | -21.1% |
| Financial income | 75/76B | €44 | €285 | +€241 | +548% |
| Recurring financial income | 75 | €44 | €285 | +€241 | +548% |
| Financial charges | 65/66B | €54 | €77 | +€23 | +42.6% |
| Recurring financial charges | 65 | €54 | €77 | +€23 | +42.6% |
| Profit (loss) for the period before taxes | 9903 | €61,870 | €49,018 | -€12,852 | -20.8% |
| Income taxes | 67/77 | €12,804 | €10,522 | -€2,282 | -17.8% |
| Profit (loss) for the period | 9904 | €49,066 | €38,496 | -€10,570 | -21.5% |
| Profit (loss) for the period to be appropriated | 9905 | €49,066 | €38,496 | -€10,570 | -21.5% |
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 18 October 2026 via checked.be.