Atelier Vanneste: 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.
Atelier Vanneste
Largest movements
- Stocks and contracts -€107,516
down €107,516 (-72.6%), from €148,194 to €40,678
of which Contracts in progress: -€116,776
- Cash +€97,488
up €97,488 (+241%), from €40,378 to €137,866
mainly Stocks and contracts (+€107,516) and Other debts (+€103,984)
- Other debts +€103,984
up €103,984 (+347%), from €30,000 to €133,984
- Reserves -€58,251
down €58,251 (-49.0%), from €118,985 to €60,735
- Debts after one year -€25,621
down €25,621 (-13.9%), from €183,731 to €158,110
- Advances received -€16,484
down €16,484 (-13.6%), from €121,594 to €105,110
- Trade debts -€16,364
down €16,364 (-30.1%), from €54,383 to €38,019
- Depreciation -€24,031
down €24,031 (-49.9%), from €48,111 to €24,080
- Financial charges +€9,423
up €9,423 (+336%), from €2,808 to €12,231
- Other operating charges -€6,207
down €6,207 (-46.1%), from €13,452 to €7,245
- Financial income -€5,847
down €5,847 (-64.4%), from €9,075 to €3,228
- Gross operating margin -€4,316
down €4,316 (-2.8%), from €155,996 to €151,680
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 | €584,962 | €567,296 | -€17,666 | -3.0% |
| Fixed assets | 21/28 | €358,685 | €351,417 | -€7,268 | -2.0% |
| Tangible fixed assets | 22/27 | €356,450 | €351,282 | -€5,168 | -1.4% |
| Land and buildings | 22 | €338,762 | €331,095 | -€7,667 | -2.3% |
| Plant, machinery and equipment | 23 | €4,134 | €3,777 | -€357 | -8.6% |
| Furniture and vehicles | 24 | €10,774 | €16,410 | +€5,637 | +52.3% |
| Leasing and similar rights | 25 | €2,780 | €0 | -€2,780 | -100% |
| Financial fixed assets | 28 | €2,235 | €135 | -€2,100 | -94.0% |
| Current assets | 29/58 | €226,277 | €215,880 | -€10,398 | -4.6% |
| Stocks and contracts in progress | 3 | €148,194 | €40,678 | -€107,516 | -72.6% |
| Stocks | 30/36 | €31,418 | €40,678 | +€9,260 | +29.5% |
| Contracts in progress | 37 | €116,776 | €0 | -€116,776 | -100% |
| Amounts receivable within one year | 40/41 | €36,433 | €34,792 | -€1,641 | -4.5% |
| Trade receivables | 40 | €2,504 | €3,874 | +€1,370 | +54.7% |
| Other amounts receivable | 41 | €33,929 | €30,918 | -€3,011 | -8.9% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €40,378 | €137,866 | +€97,488 | +241% |
| Deferred charges and accrued income | 490/1 | €1,272 | €2,544 | +€1,271 | +99.9% |
| Total equity and liabilities | 10/49 | €584,962 | €567,296 | -€17,666 | -3.0% |
| Equity | 10/15 | €163,985 | €105,735 | -€58,251 | -35.5% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Reserves | 13 | €118,985 | €60,735 | -€58,251 | -49.0% |
| Distributable reserves | 133 | €118,985 | €60,735 | -€58,251 | -49.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €420,977 | €461,562 | +€40,585 | +9.6% |
| Amounts payable after more than one year | 17 | €183,731 | €158,110 | -€25,621 | -13.9% |
| Financial debts | 170/4 | €183,731 | €158,110 | -€25,621 | -13.9% |
| Amounts payable within one year | 42/48 | €237,246 | €303,018 | +€65,772 | +27.7% |
| Current portion of amounts payable after more than one year | 42 | €31,269 | €25,621 | -€5,648 | -18.1% |
| Trade debts | 44 | €54,383 | €38,019 | -€16,364 | -30.1% |
| Suppliers | 440/4 | €54,383 | €38,019 | -€16,364 | -30.1% |
| Advances received on contracts in progress | 46 | €121,594 | €105,110 | -€16,484 | -13.6% |
| Taxes, remuneration and social security | 45 | €0 | €284 | +€284 | |
| Taxes | 450/3 | €0 | €284 | +€284 | |
| Other amounts payable | 47/48 | €30,000 | €133,984 | +€103,984 | +347% |
| Accrued charges and deferred income | 492/3 | - | €434 | +€434 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,111 | €24,080 | -€24,031 | -49.9% |
| Other operating charges | 640/8 | €13,452 | €7,245 | -€6,207 | -46.1% |
| Gross operating margin | 9900 | €155,996 | €151,680 | -€4,316 | -2.8% |
| Operating profit (loss) | 9901 | €94,434 | €120,355 | +€25,922 | +27.4% |
| Financial income | 75/76B | €9,075 | €3,228 | -€5,847 | -64.4% |
| Recurring financial income | 75 | €9,075 | €3,228 | -€5,847 | -64.4% |
| Financial charges | 65/66B | €2,808 | €12,231 | +€9,423 | +336% |
| Recurring financial charges | 65 | €2,808 | €12,231 | +€9,423 | +336% |
| Profit (loss) for the period before taxes | 9903 | €100,701 | €111,353 | +€10,652 | +10.6% |
| Income taxes | 67/77 | €17,963 | €20,618 | +€2,655 | +14.8% |
| Profit (loss) for the period | 9904 | €82,738 | €90,735 | +€7,997 | +9.7% |
| Profit (loss) for the period to be appropriated | 9905 | €82,738 | €90,735 | +€7,997 | +9.7% |
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 30 October 2026 via checked.be.