HOLDING 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.
HOLDING VANNESTE
Largest movements
- Cash +€39,993
up €39,993 (+27.4%), from €145,769 to €185,762
mainly Net result for the year (+€323,084) and Tax, wage and social debts (+€22,692)
- Reserves +€323,084
up €323,084 (+112%), from €287,325 to €610,408
- Debts after one year -€305,712
down €305,712 (-10.9%), from €2.8m to €2.5m
- Financial income +€150,000
new in 2025: €150,000
- Gross operating margin +€25,240
up €25,240 (+9.2%), from €273,889 to €299,129
- Taxes +€22,835
up €22,835 (+31.7%), from €71,988 to €94,823
- Financial charges -€3,997
down €3,997 (-11.9%), from €33,724 to €29,726
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 | €3,405,128 | €3,445,684 | +€40,556 | +1.2% |
| Fixed assets | 21/28 | €3,210,956 | €3,211,522 | +€566 | 0.0% |
| Tangible fixed assets | 22/27 | €956 | €1,522 | +€566 | +59.3% |
| Furniture and vehicles | 24 | €956 | €1,522 | +€566 | +59.3% |
| Financial fixed assets | 28 | €3,210,000 | €3,210,000 | = | 0.0% |
| Current assets | 29/58 | €194,172 | €234,162 | +€39,989 | +20.6% |
| Amounts receivable within one year | 40/41 | €48,404 | €48,400 | -€4 | 0.0% |
| Trade receivables | 40 | €48,404 | €48,400 | -€4 | 0.0% |
| Cash at bank and in hand | 54/58 | €145,769 | €185,762 | +€39,993 | +27.4% |
| Total equity and liabilities | 10/49 | €3,405,128 | €3,445,684 | +€40,556 | +1.2% |
| Equity | 10/15 | €317,325 | €640,408 | +€323,084 | +102% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €287,325 | €610,408 | +€323,084 | +112% |
| Distributable reserves | 133 | €287,325 | €610,408 | +€323,084 | +112% |
| Amounts payable | 17/49 | €3,087,803 | €2,805,275 | -€282,528 | -9.1% |
| Amounts payable after more than one year | 17 | €2,798,340 | €2,492,628 | -€305,712 | -10.9% |
| Financial debts | 170/4 | €2,798,340 | €2,492,628 | -€305,712 | -10.9% |
| Amounts payable within one year | 42/48 | €279,663 | €302,847 | +€23,184 | +8.3% |
| Current portion of amounts payable after more than one year | 42 | €185,712 | €185,712 | = | 0.0% |
| Trade debts | 44 | - | €605 | +€605 | |
| Suppliers | 440/4 | - | €605 | +€605 | |
| Taxes, remuneration and social security | 45 | €93,235 | €115,927 | +€22,692 | +24.3% |
| Taxes | 450/3 | €93,235 | €115,927 | +€22,692 | +24.3% |
| Other amounts payable | 47/48 | €716 | €604 | -€112 | -15.7% |
| Accrued charges and deferred income | 492/3 | €9,800 | €9,800 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €326 | €833 | +€508 | +156% |
| Other operating charges | 640/8 | €649 | €663 | +€14 | +2.1% |
| Gross operating margin | 9900 | €273,889 | €299,129 | +€25,240 | +9.2% |
| Operating profit (loss) | 9901 | €272,914 | €297,633 | +€24,718 | +9.1% |
| Financial income | 75/76B | - | €150,000 | +€150,000 | |
| Recurring financial income | 75 | - | €150,000 | +€150,000 | |
| Financial charges | 65/66B | €33,724 | €29,726 | -€3,997 | -11.9% |
| Recurring financial charges | 65 | €33,724 | €29,726 | -€3,997 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | €239,191 | €417,906 | +€178,715 | +74.7% |
| Income taxes | 67/77 | €71,988 | €94,823 | +€22,835 | +31.7% |
| Profit (loss) for the period | 9904 | €167,203 | €323,084 | +€155,880 | +93.2% |
| Profit (loss) for the period to be appropriated | 9905 | €167,203 | €323,084 | +€155,880 | +93.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.