VANALLIS: 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.
VANALLIS
Largest movements
- Tangible fixed assets -€27,998
down €27,998 (-22.5%), from €124,631 to €96,633
of which Plant, machinery and equipment: -€15,932
- Receivables within one year +€27,077
up €27,077 (+1862.7%), from €1,454 to €28,530
of which Other amounts receivable: +€27,922
- Intangible fixed assets -€4,375
down €4,375 (-100.0%), from €4,375 to €0
- Cash -€1,844
down €1,844 (-43.5%), from €4,239 to €2,396
mainly Receivables within one year (-€27,077) and Debts after one year (-€26,458)
- Debts after one year -€26,458
down €26,458 (-39.8%), from €66,430 to €39,972
- Other debts +€21,148
up €21,148 (+28.9%), from €73,169 to €94,317
- Current portion of long-term debt -€4,256
down €4,256 (-22.4%), from €18,957 to €14,702
- Trade debts +€1,543
up €1,543 (+37.5%), from €4,112 to €5,654
- Gross operating margin +€14,887
up €14,887 (+62.4%), from €23,850 to €38,737
- Financial charges -€7,459
down €7,459 (-67.6%), from €11,026 to €3,567
of which Non-recurring financial charges: -€6,013
- Depreciation -€6,393
down €6,393 (-18.8%), from €34,010 to €27,617
- Other operating charges +€2,866
up €2,866 (+68.5%), from €4,184 to €7,050
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 | €139,008 | €130,546 | -€8,462 | -6.1% |
| Fixed assets | 21/28 | €129,211 | €96,838 | -€32,373 | -25.1% |
| Intangible fixed assets | 21 | €4,375 | €0 | -€4,375 | -100.0% |
| Tangible fixed assets | 22/27 | €124,631 | €96,633 | -€27,998 | -22.5% |
| Plant, machinery and equipment | 23 | €51,587 | €35,655 | -€15,932 | -30.9% |
| Furniture and vehicles | 24 | €573 | €150 | -€423 | -73.8% |
| Leasing and similar rights | 25 | €26,125 | €10,678 | -€15,446 | -59.1% |
| Other tangible fixed assets | 26 | €46,346 | €50,149 | +€3,804 | +8.2% |
| Financial fixed assets | 28 | €206 | €206 | = | 0.0% |
| Current assets | 29/58 | €9,797 | €33,708 | +€23,911 | +244.1% |
| Stocks and contracts in progress | 3 | €951 | €831 | -€121 | -12.7% |
| Stocks | 30/36 | €951 | €831 | -€121 | -12.7% |
| Amounts receivable within one year | 40/41 | €1,454 | €28,530 | +€27,077 | +1862.7% |
| Trade receivables | 40 | €846 | €0 | -€846 | -100.0% |
| Other amounts receivable | 41 | €608 | €28,530 | +€27,922 | +4592.4% |
| Cash at bank and in hand | 54/58 | €4,239 | €2,396 | -€1,844 | -43.5% |
| Deferred charges and accrued income | 490/1 | €3,153 | €1,951 | -€1,202 | -38.1% |
| Total equity and liabilities | 10/49 | €139,008 | €130,546 | -€8,462 | -6.1% |
| Equity | 10/15 | -€24,603 | -€24,343 | +€260 | +1.1% |
| Contributions | 10/11 | €68,600 | €68,600 | = | 0.0% |
| Reserves | 13 | €19,360 | €19,360 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,860 | €6,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,860 | €6,860 | = | 0.0% |
| Distributable reserves | 133 | €12,500 | €12,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€112,563 | -€112,303 | +€260 | +0.2% |
| Amounts payable | 17/49 | €163,611 | €154,889 | -€8,723 | -5.3% |
| Amounts payable after more than one year | 17 | €66,430 | €39,972 | -€26,458 | -39.8% |
| Financial debts | 170/4 | €66,430 | €39,972 | -€26,458 | -39.8% |
| Amounts payable within one year | 42/48 | €96,238 | €114,916 | +€18,679 | +19.4% |
| Current portion of amounts payable after more than one year | 42 | €18,957 | €14,702 | -€4,256 | -22.4% |
| Trade debts | 44 | €4,112 | €5,654 | +€1,543 | +37.5% |
| Suppliers | 440/4 | €4,112 | €5,654 | +€1,543 | +37.5% |
| Taxes, remuneration and social security | 45 | - | €244 | +€244 | |
| Taxes | 450/3 | - | €244 | +€244 | |
| Other amounts payable | 47/48 | €73,169 | €94,317 | +€21,148 | +28.9% |
| Accrued charges and deferred income | 492/3 | €944 | €0 | -€944 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,010 | €27,617 | -€6,393 | -18.8% |
| Other operating charges | 640/8 | €4,184 | €7,050 | +€2,866 | +68.5% |
| Gross operating margin | 9900 | €23,850 | €38,737 | +€14,887 | +62.4% |
| Operating profit (loss) | 9901 | -€14,343 | €4,071 | +€18,414 | |
| Financial charges | 65/66B | €11,026 | €3,567 | -€7,459 | -67.6% |
| Recurring financial charges | 65 | €5,013 | €3,567 | -€1,446 | -28.8% |
| Non-recurring financial charges | 66B | €6,013 | - | -€6,013 | |
| Profit (loss) for the period before taxes | 9903 | -€25,369 | €504 | +€25,873 | |
| Income taxes | 67/77 | €245 | €244 | -€2 | -0.8% |
| Profit (loss) for the period | 9904 | -€25,615 | €260 | +€25,875 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,615 | €260 | +€25,875 |
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 29 September 2026 via checked.be.