Sanne Vanhees: 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.
Sanne Vanhees
Largest movements
- Current investments +€72,000
up €72,000 (+360%), from €20,000 to €92,000
- Cash -€47,114
down €47,114 (-89.9%), from €52,409 to €5,295
mainly Contributions, distributions and other (-€80,000) and Current investments (-€72,000)
- Reserves +€16,477
up €16,477 (+20.3%), from €81,028 to €97,505
- Other debts +€7,881
up €7,881 (+1,183%), from €666 to €8,547
- Tax, wage and social debts +€1,492
new in 2025: €1,492
- Gross operating margin +€25,746
up €25,746 (+25.5%), from €100,904 to €126,650
- Taxes +€6,559
up €6,559 (+32.9%), from €19,962 to €26,522
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 | €86,112 | €112,144 | +€26,033 | +30.2% |
| Fixed assets | 21/28 | €7,217 | €8,317 | +€1,101 | +15.3% |
| Tangible fixed assets | 22/27 | €7,217 | €8,317 | +€1,101 | +15.3% |
| Land and buildings | 22 | €7,217 | €5,543 | -€1,674 | -23.2% |
| Furniture and vehicles | 24 | - | €2,775 | +€2,775 | |
| Current assets | 29/58 | €78,895 | €103,827 | +€24,932 | +31.6% |
| Amounts receivable within one year | 40/41 | €5,038 | €5,038 | = | 0.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €5,038 | €5,038 | = | 0.0% |
| Current investments | 50/53 | €20,000 | €92,000 | +€72,000 | +360% |
| Cash at bank and in hand | 54/58 | €52,409 | €5,295 | -€47,114 | -89.9% |
| Deferred charges and accrued income | 490/1 | €1,448 | €1,494 | +€46 | +3.2% |
| Total equity and liabilities | 10/49 | €86,112 | €112,144 | +€26,033 | +30.2% |
| Equity | 10/15 | €85,028 | €101,505 | +€16,477 | +19.4% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €81,028 | €97,505 | +€16,477 | +20.3% |
| Distributable reserves | 133 | €81,028 | €97,505 | +€16,477 | +20.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,084 | €10,639 | +€9,556 | +882% |
| Amounts payable within one year | 42/48 | €1,084 | €10,639 | +€9,556 | +882% |
| Trade debts | 44 | €417 | €600 | +€183 | +43.8% |
| Suppliers | 440/4 | €417 | €600 | +€183 | +43.8% |
| Taxes, remuneration and social security | 45 | - | €1,492 | +€1,492 | |
| Taxes | 450/3 | - | €1,492 | +€1,492 | |
| Other amounts payable | 47/48 | €666 | €8,547 | +€7,881 | +1,183% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,153 | €2,408 | +€1,254 | +109% |
| Other operating charges | 640/8 | €203 | €520 | +€317 | +156% |
| Gross operating margin | 9900 | €100,904 | €126,650 | +€25,746 | +25.5% |
| Operating profit (loss) | 9901 | €99,548 | €123,723 | +€24,175 | +24.3% |
| Financial income | 75/76B | €0 | €401 | +€401 | |
| Recurring financial income | 75 | €0 | €401 | +€401 | |
| Financial charges | 65/66B | €1,308 | €1,125 | -€183 | -14.0% |
| Recurring financial charges | 65 | €1,308 | €1,125 | -€183 | -14.0% |
| Profit (loss) for the period before taxes | 9903 | €98,240 | €122,999 | +€24,759 | +25.2% |
| Income taxes | 67/77 | €19,962 | €26,522 | +€6,559 | +32.9% |
| Profit (loss) for the period | 9904 | €78,277 | €96,477 | +€18,200 | +23.3% |
| Profit (loss) for the period to be appropriated | 9905 | €78,277 | €96,477 | +€18,200 | +23.3% |
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 22 October 2026 via checked.be.