Blanchart & Vanermen: 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.
Blanchart & Vanermen
Largest movements
- Cash -€289,307
down €289,307 (-92.5%), from €312,843 to €23,536
mainly Contributions, distributions and other (-€304,372) and Investment in fixed assets (net) (-€136,138)
- Tangible fixed assets +€128,219
up €128,219 (+17,116%), from €749 to €128,968
of which Land and buildings: +€126,857
- Current investments -€35,000
no longer reported in 2024 (was €35,000)
- Receivables within one year -€13,157
down €13,157 (-24.9%), from €52,759 to €39,602
of which Other amounts receivable: -€14,063
- Reserves -€248,713
down €248,713 (-95.3%), from €260,922 to €12,209
of which Distributable reserves: -€248,713
- Trade debts -€107,321
down €107,321 (-96.5%), from €111,223 to €3,902
- Debts after one year +€96,654
new in 2024: €96,654
- Profit (loss) carried forward +€26,464
up €26,464 (+539%), from €4,911 to €31,375
- Tax, wage and social debts +€18,711
up €18,711 (+90.4%), from €20,692 to €39,402
- Gross operating margin +€44,909
up €44,909 (+55.4%), from €81,125 to €126,034
- Taxes +€13,320
up €13,320 (+62.5%), from €21,306 to €34,626
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €410,022 | €200,255 | -€209,768 | -51.2% |
| Fixed assets | 21/28 | €8,305 | €135,941 | +€127,637 | +1,537% |
| Intangible fixed assets | 21 | €5,375 | €4,793 | -€582 | -10.8% |
| Tangible fixed assets | 22/27 | €749 | €128,968 | +€128,219 | +17,116% |
| Land and buildings | 22 | - | €126,857 | +€126,857 | |
| Furniture and vehicles | 24 | - | €2,111 | +€2,111 | |
| Other tangible fixed assets | 26 | €749 | - | -€749 | |
| Financial fixed assets | 28 | €2,181 | €2,181 | = | 0.0% |
| Current assets | 29/58 | €401,718 | €64,313 | -€337,404 | -84.0% |
| Amounts receivable within one year | 40/41 | €52,759 | €39,602 | -€13,157 | -24.9% |
| Trade receivables | 40 | €38,696 | €39,602 | +€906 | +2.3% |
| Other amounts receivable | 41 | €14,063 | - | -€14,063 | |
| Current investments | 50/53 | €35,000 | - | -€35,000 | |
| Cash at bank and in hand | 54/58 | €312,843 | €23,536 | -€289,307 | -92.5% |
| Deferred charges and accrued income | 490/1 | €1,115 | €1,175 | +€60 | +5.4% |
| Total equity and liabilities | 10/49 | €410,022 | €200,255 | -€209,768 | -51.2% |
| Equity | 10/15 | €272,530 | €50,282 | -€222,249 | -81.6% |
| Contributions | 10/11 | €6,697 | €6,697 | = | 0.0% |
| Reserves | 13 | €260,922 | €12,209 | -€248,713 | -95.3% |
| Non-distributable reserves | 130/1 | €12,209 | €12,209 | = | 0.0% |
| Reserves not available under the articles | 1311 | €12,209 | €12,209 | = | 0.0% |
| Distributable reserves | 133 | €248,713 | - | -€248,713 | |
| Profit (loss) carried forward | 14 | €4,911 | €31,375 | +€26,464 | +539% |
| Amounts payable | 17/49 | €137,492 | €149,973 | +€12,481 | +9.1% |
| Amounts payable after more than one year | 17 | - | €96,654 | +€96,654 | |
| Financial debts | 170/4 | - | €96,654 | +€96,654 | |
| Amounts payable within one year | 42/48 | €137,107 | €52,932 | -€84,175 | -61.4% |
| Current portion of amounts payable after more than one year | 42 | €1,113 | €9,496 | +€8,383 | +753% |
| Trade debts | 44 | €111,223 | €3,902 | -€107,321 | -96.5% |
| Suppliers | 440/4 | €111,223 | €3,902 | -€107,321 | -96.5% |
| Taxes, remuneration and social security | 45 | €20,692 | €39,402 | +€18,711 | +90.4% |
| Taxes | 450/3 | €20,692 | €39,402 | +€18,711 | +90.4% |
| Other amounts payable | 47/48 | €4,079 | €131 | -€3,948 | -96.8% |
| Accrued charges and deferred income | 492/3 | €384 | €387 | +€3 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,510 | €8,501 | +€991 | +13.2% |
| Other operating charges | 640/8 | €505 | €628 | +€123 | +24.3% |
| Gross operating margin | 9900 | €81,125 | €126,034 | +€44,909 | +55.4% |
| Operating profit (loss) | 9901 | €73,110 | €116,905 | +€43,795 | +59.9% |
| Financial income | 75/76B | €650 | €1,493 | +€843 | +130% |
| Recurring financial income | 75 | €650 | €1,493 | +€843 | +130% |
| Financial charges | 65/66B | €742 | €1,649 | +€907 | +122% |
| Recurring financial charges | 65 | €742 | €1,649 | +€907 | +122% |
| Profit (loss) for the period before taxes | 9903 | €73,018 | €116,749 | +€43,731 | +59.9% |
| Income taxes | 67/77 | €21,306 | €34,626 | +€13,320 | +62.5% |
| Profit (loss) for the period | 9904 | €51,712 | €82,123 | +€30,411 | +58.8% |
| Profit (loss) for the period to be appropriated | 9905 | €51,712 | €82,123 | +€30,411 | +58.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.