GIOVANNI 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.
GIOVANNI VANNESTE
Largest movements
- Tangible fixed assets -€12,360
down €12,360 (-12.2%), from €101,604 to €89,244
- Receivables within one year +€7,402
up €7,402 (+38.7%), from €19,106 to €26,508
of which Other amounts receivable: +€7,402
- Reserves -€4,416
down €4,416 (-3.9%), from €112,152 to €107,736
of which Distributable reserves: -€3,914
- Gross operating margin +€346
up €346 (+5.0%), from €6,859 to €7,205
- Financial income +€307
up €307 (+43.7%), from €702 to €1,008
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 | €121,453 | €116,801 | -€4,651 | -3.8% |
| Fixed assets | 21/28 | €101,604 | €89,244 | -€12,360 | -12.2% |
| Tangible fixed assets | 22/27 | €101,604 | €89,244 | -€12,360 | -12.2% |
| Land and buildings | 22 | €101,604 | €89,244 | -€12,360 | -12.2% |
| Current assets | 29/58 | €19,849 | €27,557 | +€7,708 | +38.8% |
| Amounts receivable within one year | 40/41 | €19,106 | €26,508 | +€7,402 | +38.7% |
| Trade receivables | 40 | €1,000 | €1,000 | = | 0.0% |
| Other amounts receivable | 41 | €18,106 | €25,508 | +€7,402 | +40.9% |
| Cash at bank and in hand | 54/58 | €41 | €41 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €702 | €1,008 | +€307 | +43.7% |
| Total equity and liabilities | 10/49 | €121,453 | €116,801 | -€4,651 | -3.8% |
| Equity | 10/15 | €118,352 | €113,936 | -€4,416 | -3.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €112,152 | €107,736 | -€4,416 | -3.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €20,425 | €19,924 | -€502 | -2.5% |
| Distributable reserves | 133 | €89,867 | €85,953 | -€3,914 | -4.4% |
| Provisions and deferred taxes | 16 | €3,101 | €2,842 | -€258 | -8.3% |
| Deferred taxes | 168 | €3,101 | €2,842 | -€258 | -8.3% |
| Amounts payable | 17/49 | - | €23 | +€23 | |
| Amounts payable within one year | 42/48 | - | €23 | +€23 | |
| Trade debts | 44 | - | €23 | +€23 | |
| Suppliers | 440/4 | - | €23 | +€23 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,360 | €12,360 | = | 0.0% |
| Other operating charges | 640/8 | €503 | €528 | +€24 | +4.8% |
| Gross operating margin | 9900 | €6,859 | €7,205 | +€346 | +5.0% |
| Operating profit (loss) | 9901 | -€6,004 | -€5,682 | +€322 | +5.4% |
| Financial income | 75/76B | €702 | €1,008 | +€307 | +43.7% |
| Recurring financial income | 75 | €702 | €1,008 | +€307 | +43.7% |
| Financial charges | 65/66B | €55 | - | -€55 | |
| Recurring financial charges | 65 | €55 | - | -€55 | |
| Profit (loss) for the period before taxes | 9903 | -€5,357 | -€4,674 | +€683 | +12.8% |
| Transfer from deferred taxes | 780 | €258 | €258 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€5,099 | -€4,416 | +€683 | +13.4% |
| Transfer from tax-exempt reserves | 789 | €502 | €502 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,597 | -€3,914 | +€683 | +14.9% |
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 14 October 2026 via checked.be.