VANAKEN MARIELLE: 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.
VANAKEN MARIELLE
Largest movements
- Current investments +€150,000
new in 2025: €150,000
- Cash -€97,424
down €97,424 (-58.7%), from €165,919 to €68,495
mainly Current investments (-€150,000) and Contributions, distributions and other (-€20,104)
- Tangible fixed assets +€6,697
up €6,697 (+14.1%), from €47,653 to €54,351
of which Land and buildings: +€3,786
- Reserves +€25,998
up €25,998 (+12.5%), from €207,770 to €233,768
of which Distributable reserves: +€25,998
- Other debts +€15,131
up €15,131 (+520%), from €2,908 to €18,039
- Tax, wage and social debts +€12,642
new in 2025: €12,642
- Gross operating margin +€8,450
up €8,450 (+11.7%), from €71,954 to €80,404
- Taxes +€4,900
up €4,900 (+26.7%), from €18,353 to €23,253
- Depreciation +€3,916
up €3,916 (+47.6%), from €8,224 to €12,140
- Other operating charges -€1,463
down €1,463 (-60.8%), from €2,406 to €944
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 | €238,920 | €293,746 | +€54,826 | +22.9% |
| Fixed assets | 21/28 | €70,876 | €75,251 | +€4,375 | +6.2% |
| Tangible fixed assets | 22/27 | €47,653 | €54,351 | +€6,697 | +14.1% |
| Land and buildings | 22 | €35,011 | €38,798 | +€3,786 | +10.8% |
| Plant, machinery and equipment | 23 | €9,851 | €9,184 | -€667 | -6.8% |
| Furniture and vehicles | 24 | €2,791 | €6,369 | +€3,578 | +128% |
| Financial fixed assets | 28 | €23,223 | €20,900 | -€2,322 | -10.0% |
| Current assets | 29/58 | €168,044 | €218,495 | +€50,451 | +30.0% |
| Amounts receivable within one year | 40/41 | €2,125 | - | -€2,125 | |
| Other amounts receivable | 41 | €2,125 | - | -€2,125 | |
| Current investments | 50/53 | - | €150,000 | +€150,000 | |
| Cash at bank and in hand | 54/58 | €165,919 | €68,495 | -€97,424 | -58.7% |
| Total equity and liabilities | 10/49 | €238,920 | €293,746 | +€54,826 | +22.9% |
| Equity | 10/15 | €215,830 | €241,828 | +€25,998 | +12.0% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €207,770 | €233,768 | +€25,998 | +12.5% |
| Non-distributable reserves | 130/1 | €13,440 | €13,440 | = | 0.0% |
| Other | 1319 | €13,440 | €13,440 | = | 0.0% |
| Distributable reserves | 133 | €194,330 | €220,328 | +€25,998 | +13.4% |
| Provisions and deferred taxes | 16 | €14,680 | €14,680 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €14,680 | €14,680 | = | 0.0% |
| Pensions and similar obligations | 160 | €14,680 | €14,680 | = | 0.0% |
| Amounts payable | 17/49 | €8,410 | €37,238 | +€28,828 | +343% |
| Amounts payable within one year | 42/48 | €3,550 | €32,103 | +€28,553 | +804% |
| Trade debts | 44 | €642 | €1,423 | +€781 | +122% |
| Suppliers | 440/4 | €642 | €1,423 | +€781 | +122% |
| Taxes, remuneration and social security | 45 | - | €12,642 | +€12,642 | |
| Taxes | 450/3 | - | €12,642 | +€12,642 | |
| Other amounts payable | 47/48 | €2,908 | €18,039 | +€15,131 | +520% |
| Accrued charges and deferred income | 492/3 | €4,860 | €5,135 | +€275 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,224 | €12,140 | +€3,916 | +47.6% |
| Other operating charges | 640/8 | €2,406 | €944 | -€1,463 | -60.8% |
| Gross operating margin | 9900 | €71,954 | €80,404 | +€8,450 | +11.7% |
| Operating profit (loss) | 9901 | €61,324 | €67,321 | +€5,997 | +9.8% |
| Financial income | 75/76B | €2,484 | €2,705 | +€222 | +8.9% |
| Recurring financial income | 75 | €2,484 | €2,705 | +€222 | +8.9% |
| Financial charges | 65/66B | €971 | €672 | -€299 | -30.8% |
| Recurring financial charges | 65 | €971 | €672 | -€299 | -30.8% |
| Profit (loss) for the period before taxes | 9903 | €62,837 | €69,354 | +€6,518 | +10.4% |
| Income taxes | 67/77 | €18,353 | €23,253 | +€4,900 | +26.7% |
| Profit (loss) for the period | 9904 | €44,484 | €46,102 | +€1,618 | +3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €44,484 | €46,102 | +€1,618 | +3.6% |
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 30 October 2026 via checked.be.