VANTU: 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.
VANTU
Largest movements
- Cash +€65,876
up €65,876 (+182%), from €36,248 to €102,124
mainly Net result for the year (+€57,966) and Depreciation (+€46,071)
- Tangible fixed assets -€42,225
down €42,225 (-11.3%), from €374,272 to €332,047
of which Land and buildings: -€41,705
- Receivables within one year +€22,767
up €22,767, from €0 to €22,767
of which Other amounts receivable: +€22,767
- Reserves +€57,966
up €57,966 (+20.9%), from €277,599 to €335,565
of which Distributable reserves: +€57,966
- Other debts -€20,032
down €20,032 (-100%), from €20,032 to €0
- Tax, wage and social debts +€6,880
up €6,880 (+296%), from €2,320 to €9,200
- Gross operating margin +€19,347
up €19,347 (+14.3%), from €135,184 to €154,531
- Taxes +€6,880
up €6,880 (+30.8%), from €22,320 to €29,200
- Financial charges -€3,843
down €3,843 (-90.9%), from €4,228 to €385
- Depreciation +€3,062
up €3,062 (+7.1%), from €43,009 to €46,071
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 | €413,319 | €459,910 | +€46,591 | +11.3% |
| Fixed assets | 21/28 | €374,272 | €332,047 | -€42,225 | -11.3% |
| Tangible fixed assets | 22/27 | €374,272 | €332,047 | -€42,225 | -11.3% |
| Land and buildings | 22 | €355,083 | €313,378 | -€41,705 | -11.7% |
| Plant, machinery and equipment | 23 | €6,667 | €8,113 | +€1,446 | +21.7% |
| Other tangible fixed assets | 26 | €12,522 | €10,556 | -€1,965 | -15.7% |
| Current assets | 29/58 | €39,047 | €127,863 | +€88,816 | +227% |
| Amounts receivable within one year | 40/41 | €0 | €22,767 | +€22,767 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | - | €22,767 | +€22,767 | |
| Cash at bank and in hand | 54/58 | €36,248 | €102,124 | +€65,876 | +182% |
| Deferred charges and accrued income | 490/1 | €2,800 | €2,972 | +€173 | +6.2% |
| Total equity and liabilities | 10/49 | €413,319 | €459,910 | +€46,591 | +11.3% |
| Equity | 10/15 | €389,151 | €447,117 | +€57,966 | +14.9% |
| Contributions | 10/11 | €111,552 | €111,552 | = | 0.0% |
| Capital | 10 | €111,552 | €111,552 | = | 0.0% |
| Issued capital | 100 | €111,552 | €111,552 | = | 0.0% |
| Reserves | 13 | €277,599 | €335,565 | +€57,966 | +20.9% |
| Non-distributable reserves | 130/1 | €11,155 | €11,155 | = | 0.0% |
| Legal reserve | 130 | €11,155 | €11,155 | = | 0.0% |
| Distributable reserves | 133 | €266,444 | €324,410 | +€57,966 | +21.8% |
| Amounts payable | 17/49 | €24,168 | €12,793 | -€11,375 | -47.1% |
| Amounts payable within one year | 42/48 | €24,168 | €12,793 | -€11,375 | -47.1% |
| Trade debts | 44 | €1,816 | €3,593 | +€1,777 | +97.9% |
| Suppliers | 440/4 | €1,816 | €3,593 | +€1,777 | +97.9% |
| Taxes, remuneration and social security | 45 | €2,320 | €9,200 | +€6,880 | +296% |
| Taxes | 450/3 | €2,320 | €9,200 | +€6,880 | +296% |
| Other amounts payable | 47/48 | €20,032 | €0 | -€20,032 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,009 | €46,071 | +€3,062 | +7.1% |
| Other operating charges | 640/8 | €22,029 | €21,145 | -€884 | -4.0% |
| Gross operating margin | 9900 | €135,184 | €154,531 | +€19,347 | +14.3% |
| Operating profit (loss) | 9901 | €70,146 | €87,315 | +€17,169 | +24.5% |
| Financial income | 75/76B | €0 | €236 | +€236 | |
| Recurring financial income | 75 | €0 | €236 | +€236 | |
| Financial charges | 65/66B | €4,228 | €385 | -€3,843 | -90.9% |
| Recurring financial charges | 65 | €4,228 | €385 | -€3,843 | -90.9% |
| Profit (loss) for the period before taxes | 9903 | €65,918 | €87,166 | +€21,247 | +32.2% |
| Income taxes | 67/77 | €22,320 | €29,200 | +€6,880 | +30.8% |
| Profit (loss) for the period | 9904 | €43,598 | €57,966 | +€14,368 | +33.0% |
| Profit (loss) for the period to be appropriated | 9905 | €43,598 | €57,966 | +€14,368 | +33.0% |
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 16 October 2026 via checked.be.