Vanelem: 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.
Vanelem
Largest movements
- Cash +€46,763
up €46,763 (+388%), from €12,049 to €58,812
mainly Net result for the year (+€39,821) and Current investments (+€20,000)
- Current investments -€20,000
down €20,000 (-50.0%), from €40,000 to €20,000
- Tangible fixed assets -€6,442
down €6,442 (-12.7%), from €50,790 to €44,348
of which Furniture and vehicles: -€9,978
- Reserves +€40,000
up €40,000 (+66.7%), from €60,000 to €100,000
- Debts after one year -€11,253
down €11,253 (-43.7%), from €25,721 to €14,468
- Tax, wage and social debts -€10,065
down €10,065 (-59.9%), from €16,801 to €6,737
- Financial income +€1,320
new in 2025: €1,320
- Gross operating margin -€1,289
down €1,289 (-1.9%), from €66,333 to €65,044
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 | €117,897 | €137,378 | +€19,481 | +16.5% |
| Fixed assets | 21/28 | €50,790 | €44,348 | -€6,442 | -12.7% |
| Tangible fixed assets | 22/27 | €50,790 | €44,348 | -€6,442 | -12.7% |
| Furniture and vehicles | 24 | €38,863 | €28,885 | -€9,978 | -25.7% |
| Other tangible fixed assets | 26 | €11,927 | €15,463 | +€3,537 | +29.7% |
| Current assets | 29/58 | €67,107 | €93,030 | +€25,922 | +38.6% |
| Amounts receivable within one year | 40/41 | €15,058 | €14,218 | -€841 | -5.6% |
| Trade receivables | 40 | €15,058 | €14,218 | -€841 | -5.6% |
| Current investments | 50/53 | €40,000 | €20,000 | -€20,000 | -50.0% |
| Cash at bank and in hand | 54/58 | €12,049 | €58,812 | +€46,763 | +388% |
| Total equity and liabilities | 10/49 | €117,897 | €137,378 | +€19,481 | +16.5% |
| Equity | 10/15 | €63,042 | €102,862 | +€39,821 | +63.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €60,000 | €100,000 | +€40,000 | +66.7% |
| Distributable reserves | 133 | €60,000 | €100,000 | +€40,000 | +66.7% |
| Profit (loss) carried forward | 14 | €2,042 | €1,862 | -€179 | -8.8% |
| Amounts payable | 17/49 | €54,855 | €34,515 | -€20,340 | -37.1% |
| Amounts payable after more than one year | 17 | €25,721 | €14,468 | -€11,253 | -43.7% |
| Financial debts | 170/4 | €25,721 | €14,468 | -€11,253 | -43.7% |
| Amounts payable within one year | 42/48 | €29,134 | €20,047 | -€9,087 | -31.2% |
| Current portion of amounts payable after more than one year | 42 | €10,974 | €11,253 | +€279 | +2.5% |
| Trade debts | 44 | €218 | €441 | +€223 | +102% |
| Suppliers | 440/4 | €218 | €441 | +€223 | +102% |
| Taxes, remuneration and social security | 45 | €16,801 | €6,737 | -€10,065 | -59.9% |
| Taxes | 450/3 | €16,801 | €6,737 | -€10,065 | -59.9% |
| Other amounts payable | 47/48 | €1,141 | €1,616 | +€476 | +41.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,396 | €14,051 | +€656 | +4.9% |
| Other operating charges | 640/8 | €453 | €862 | +€409 | +90.2% |
| Gross operating margin | 9900 | €66,333 | €65,044 | -€1,289 | -1.9% |
| Operating profit (loss) | 9901 | €52,484 | €50,131 | -€2,353 | -4.5% |
| Financial income | 75/76B | - | €1,320 | +€1,320 | |
| Recurring financial income | 75 | - | €1,320 | +€1,320 | |
| Financial charges | 65/66B | €1,231 | €902 | -€329 | -26.7% |
| Recurring financial charges | 65 | €1,231 | €902 | -€329 | -26.7% |
| Profit (loss) for the period before taxes | 9903 | €51,253 | €50,549 | -€704 | -1.4% |
| Income taxes | 67/77 | €10,794 | €10,728 | -€65 | -0.6% |
| Profit (loss) for the period | 9904 | €40,459 | €39,821 | -€639 | -1.6% |
| Profit (loss) for the period to be appropriated | 9905 | €40,459 | €39,821 | -€639 | -1.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.