VANEENOOGHE: 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.
VANEENOOGHE
Largest movements
- Stocks and contracts -€36,767
down €36,767 (-77.9%), from €47,170 to €10,404
of which Stocks: -€28,967
- Tangible fixed assets -€13,436
down €13,436 (-56.9%), from €23,625 to €10,188
of which Leasing and similar rights: -€12,248
- Receivables within one year +€9,049
up €9,049 (+20.9%), from €43,367 to €52,416
of which Other amounts receivable: +€7,072
- Cash -€7,395
down €7,395 (-98.5%), from €7,508 to €113
mainly Other debts (-€42,974) and Trade debts (-€33,641)
- Deferred charges and accrued income -€2,058
down €2,058 (-90.6%), from €2,271 to €213
- Other debts -€42,974
down €42,974 (-87.9%), from €48,912 to €5,938
- Trade debts -€33,641
down €33,641 (-48.8%), from €68,954 to €35,313
- Debts after one year +€26,771
up €26,771 (+430%), from €6,229 to €33,000
- Profit (loss) carried forward +€10,931
up €10,931 (+16.5%), from -€66,207 to -€55,277
- Current portion of long-term debt -€6,919
no longer reported in 2025 (was €6,919)
- Gross operating margin +€35,006
up €35,006 (+66.1%), from €52,942 to €87,948
- Write-downs +€2,298
new in 2025: €2,298
- Staff costs +€2,203
up €2,203 (+3.8%), from €57,237 to €59,441
- Financial income +€1,596
up €1,596 (+261,574%), from €1 to €1,596
- Other operating charges +€1,322
up €1,322 (+274%), from €483 to €1,805
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 | €123,941 | €73,334 | -€50,607 | -40.8% |
| Fixed assets | 21/28 | €23,625 | €10,188 | -€13,436 | -56.9% |
| Tangible fixed assets | 22/27 | €23,625 | €10,188 | -€13,436 | -56.9% |
| Plant, machinery and equipment | 23 | €8,630 | €6,027 | -€2,603 | -30.2% |
| Furniture and vehicles | 24 | - | €1,415 | +€1,415 | |
| Leasing and similar rights | 25 | €14,995 | €2,747 | -€12,248 | -81.7% |
| Current assets | 29/58 | €100,317 | €63,146 | -€37,171 | -37.1% |
| Stocks and contracts in progress | 3 | €47,170 | €10,404 | -€36,767 | -77.9% |
| Stocks | 30/36 | €39,370 | €10,404 | -€28,967 | -73.6% |
| Contracts in progress | 37 | €7,800 | - | -€7,800 | |
| Amounts receivable within one year | 40/41 | €43,367 | €52,416 | +€9,049 | +20.9% |
| Trade receivables | 40 | €39,984 | €41,961 | +€1,977 | +4.9% |
| Other amounts receivable | 41 | €3,383 | €10,455 | +€7,072 | +209% |
| Cash at bank and in hand | 54/58 | €7,508 | €113 | -€7,395 | -98.5% |
| Deferred charges and accrued income | 490/1 | €2,271 | €213 | -€2,058 | -90.6% |
| Total equity and liabilities | 10/49 | €123,941 | €73,334 | -€50,607 | -40.8% |
| Equity | 10/15 | -€18,080 | -€7,149 | +€10,931 | +60.5% |
| Contributions | 10/11 | €34,000 | €34,000 | = | 0.0% |
| Reserves | 13 | €14,128 | €14,128 | = | 0.0% |
| Distributable reserves | 133 | €14,128 | €14,128 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€66,207 | -€55,277 | +€10,931 | +16.5% |
| Amounts payable | 17/49 | €142,021 | €80,483 | -€61,538 | -43.3% |
| Amounts payable after more than one year | 17 | €6,229 | €33,000 | +€26,771 | +430% |
| Financial debts | 170/4 | €6,229 | €33,000 | +€26,771 | +430% |
| Amounts payable within one year | 42/48 | €135,792 | €47,483 | -€88,309 | -65.0% |
| Current portion of amounts payable after more than one year | 42 | €6,919 | - | -€6,919 | |
| Trade debts | 44 | €68,954 | €35,313 | -€33,641 | -48.8% |
| Suppliers | 440/4 | €68,954 | €35,313 | -€33,641 | -48.8% |
| Taxes, remuneration and social security | 45 | €11,007 | €6,232 | -€4,775 | -43.4% |
| Taxes | 450/3 | €5,516 | €1,697 | -€3,819 | -69.2% |
| Remuneration and social security | 454/9 | €5,491 | €4,536 | -€956 | -17.4% |
| Other amounts payable | 47/48 | €48,912 | €5,938 | -€42,974 | -87.9% |
| Remuneration, social security and pensions | 62 | €57,237 | €59,441 | +€2,203 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,670 | €15,004 | +€335 | +2.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,298 | +€2,298 | |
| Other operating charges | 640/8 | €483 | €1,805 | +€1,322 | +274% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €52,942 | €87,948 | +€35,006 | +66.1% |
| Operating profit (loss) | 9901 | -€19,448 | €9,400 | +€28,848 | |
| Financial income | 75/76B | €1 | €1,596 | +€1,596 | +261,574% |
| Recurring financial income | 75 | €1 | €1,596 | +€1,596 | +261,574% |
| Financial charges | 65/66B | €1,031 | €66 | -€965 | -93.6% |
| Recurring financial charges | 65 | €1,031 | €66 | -€965 | -93.6% |
| Profit (loss) for the period before taxes | 9903 | -€20,478 | €10,931 | +€31,409 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€20,478 | €10,931 | +€31,409 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,478 | €10,931 | +€31,409 |
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 29 October 2026 via checked.be.