JOHAN VANNEROM: what changed
Two fiscal 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.
JOHAN VANNEROM
Largest movements
- Tangible fixed assets +€64,009
up €64,009 (+91.8%), from €69,756 to €133,765
of which Furniture and vehicles: +€66,847
- Cash -€14,561
down €14,561 (-71.1%), from €20,472 to €5,911
mainly Investment in fixed assets (net) (-€88,908) and Net result for the year (-€52,561)
- Receivables within one year -€1,673
no longer reported in 2025 (was €1,673)
of which Trade receivables: -€1,554
- Debts after one year +€54,176
up €54,176 (+1323.7%), from €4,093 to €58,269
- Profit (loss) carried forward -€52,561
down €52,561, from €741 to -€51,820
- Other debts +€37,464
up €37,464 (+78.6%), from €47,635 to €85,099
- Current portion of long-term debt +€14,464
up €14,464 (+595.3%), from €2,430 to €16,893
- Tax, wage and social debts -€6,359
down €6,359 (-59.4%), from €10,706 to €4,347
of which Remuneration and social security: -€3,537
- Gross operating margin -€36,461
down €36,461, from €31,567 to -€4,894
- Staff costs -€22,379
down €22,379 (-52.9%), from €42,338 to €19,959
- Depreciation +€6,070
up €6,070 (+32.2%), from €18,829 to €24,899
- Financial charges +€1,350
up €1,350 (+247.9%), from €545 to €1,894
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.
Cash bridge derived
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 | €92,868 | €141,703 | +€48,836 | +52.6% |
| Fixed assets | 21/28 | €69,756 | €133,765 | +€64,009 | +91.8% |
| Tangible fixed assets | 22/27 | €69,756 | €133,765 | +€64,009 | +91.8% |
| Plant, machinery and equipment | 23 | €13,376 | €12,304 | -€1,071 | -8.0% |
| Furniture and vehicles | 24 | €45,137 | €111,984 | +€66,847 | +148.1% |
| Other tangible fixed assets | 26 | €11,244 | €9,477 | -€1,767 | -15.7% |
| Current assets | 29/58 | €23,112 | €7,938 | -€15,173 | -65.7% |
| Amounts receivable within one year | 40/41 | €1,673 | - | -€1,673 | |
| Trade receivables | 40 | €1,554 | - | -€1,554 | |
| Other amounts receivable | 41 | €119 | - | -€119 | |
| Cash at bank and in hand | 54/58 | €20,472 | €5,911 | -€14,561 | -71.1% |
| Deferred charges and accrued income | 490/1 | €967 | €2,027 | +€1,060 | +109.7% |
| Total equity and liabilities | 10/49 | €92,868 | €141,703 | +€48,836 | +52.6% |
| Equity | 10/15 | €25,915 | -€26,645 | -€52,561 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €6,574 | €6,574 | = | 0.0% |
| Distributable reserves | 133 | €6,574 | €6,574 | = | 0.0% |
| Profit (loss) carried forward | 14 | €741 | -€51,820 | -€52,561 | |
| Amounts payable | 17/49 | €66,953 | €168,349 | +€101,396 | +151.4% |
| Amounts payable after more than one year | 17 | €4,093 | €58,269 | +€54,176 | +1323.7% |
| Financial debts | 170/4 | €4,093 | €58,269 | +€54,176 | +1323.7% |
| Amounts payable within one year | 42/48 | €62,860 | €110,080 | +€47,220 | +75.1% |
| Current portion of amounts payable after more than one year | 42 | €2,430 | €16,893 | +€14,464 | +595.3% |
| Financial debts | 43 | €130 | €2,987 | +€2,857 | +2193.5% |
| Credit institutions | 430/8 | €130 | €2,987 | +€2,857 | +2193.5% |
| Trade debts | 44 | €1,959 | €754 | -€1,205 | -61.5% |
| Suppliers | 440/4 | €1,959 | €754 | -€1,205 | -61.5% |
| Taxes, remuneration and social security | 45 | €10,706 | €4,347 | -€6,359 | -59.4% |
| Taxes | 450/3 | €4,070 | €1,247 | -€2,823 | -69.4% |
| Remuneration and social security | 454/9 | €6,636 | €3,099 | -€3,537 | -53.3% |
| Other amounts payable | 47/48 | €47,635 | €85,099 | +€37,464 | +78.6% |
| Remuneration, social security and pensions | 62 | €42,338 | €19,959 | -€22,379 | -52.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,829 | €24,899 | +€6,070 | +32.2% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €31,567 | -€4,894 | -€36,461 | |
| Operating profit (loss) | 9901 | -€29,988 | -€50,152 | -€20,164 | -67.2% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €545 | €1,894 | +€1,350 | +247.9% |
| Recurring financial charges | 65 | €545 | €1,894 | +€1,350 | +247.9% |
| Profit (loss) for the period before taxes | 9903 | -€30,532 | -€52,046 | -€21,514 | -70.5% |
| Income taxes | 67/77 | €226 | €515 | +€289 | +127.8% |
| Profit (loss) for the period | 9904 | -€30,758 | -€52,561 | -€21,803 | -70.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,758 | -€52,561 | -€21,803 | -70.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.