VANEGHEM JOACHIM: 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.
VANEGHEM JOACHIM
Largest movements
- Cash +€97,706
up €97,706 (+87.5%), from €111,624 to €209,330
mainly Net result for the year (+€68,960) and Receivables within one year (+€24,975)
- Receivables within one year -€24,975
no longer reported in 2025 (was €24,975)
- Reserves +€68,960
up €68,960 (+75.6%), from €91,173 to €160,133
- Tax, wage and social debts +€7,985
up €7,985, from €0 to €7,985
- Other debts -€6,401
down €6,401 (-18.8%), from €34,101 to €27,699
- Gross operating margin +€64,334
up €64,334 (+144%), from €44,612 to €108,946
- Taxes +€22,074
up €22,074 (+139%), from €15,911 to €37,985
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 | €144,363 | €214,886 | +€70,522 | +48.9% |
| Fixed assets | 21/28 | €6,915 | €5,556 | -€1,359 | -19.7% |
| Tangible fixed assets | 22/27 | €6,915 | €5,556 | -€1,359 | -19.7% |
| Furniture and vehicles | 24 | €6,915 | €5,556 | -€1,359 | -19.7% |
| Current assets | 29/58 | €137,449 | €209,330 | +€71,882 | +52.3% |
| Amounts receivable within one year | 40/41 | €24,975 | - | -€24,975 | |
| Other amounts receivable | 41 | €24,975 | - | -€24,975 | |
| Cash at bank and in hand | 54/58 | €111,624 | €209,330 | +€97,706 | +87.5% |
| Deferred charges and accrued income | 490/1 | €849 | - | -€849 | |
| Total equity and liabilities | 10/49 | €144,363 | €214,886 | +€70,522 | +48.9% |
| Equity | 10/15 | €110,070 | €179,031 | +€68,960 | +62.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €91,173 | €160,133 | +€68,960 | +75.6% |
| Distributable reserves | 133 | €91,173 | €160,133 | +€68,960 | +75.6% |
| Profit (loss) carried forward | 14 | €17,898 | €17,898 | = | 0.0% |
| Amounts payable | 17/49 | €34,293 | €35,855 | +€1,562 | +4.6% |
| Amounts payable within one year | 42/48 | €34,293 | €35,855 | +€1,562 | +4.6% |
| Trade debts | 44 | €192 | €171 | -€22 | -11.2% |
| Suppliers | 440/4 | €192 | €171 | -€22 | -11.2% |
| Taxes, remuneration and social security | 45 | €0 | €7,985 | +€7,985 | |
| Taxes | 450/3 | €0 | €7,985 | +€7,985 | |
| Other amounts payable | 47/48 | €34,101 | €27,699 | -€6,401 | -18.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,702 | €1,359 | -€343 | -20.2% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €44,612 | €108,946 | +€64,334 | +144% |
| Operating profit (loss) | 9901 | €42,522 | €107,187 | +€64,665 | +152% |
| Financial income | 75/76B | €8 | €6 | -€2 | -25.6% |
| Recurring financial income | 75 | €8 | €6 | -€2 | -25.6% |
| Financial charges | 65/66B | €81 | €247 | +€166 | +204% |
| Recurring financial charges | 65 | €81 | €247 | +€166 | +204% |
| Profit (loss) for the period before taxes | 9903 | €42,448 | €106,945 | +€64,497 | +152% |
| Income taxes | 67/77 | €15,911 | €37,985 | +€22,074 | +139% |
| Profit (loss) for the period | 9904 | €26,537 | €68,960 | +€42,423 | +160% |
| Profit (loss) for the period to be appropriated | 9905 | €26,537 | €68,960 | +€42,423 | +160% |
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 26 October 2026 via checked.be.