VANELLO: 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.
VANELLO
Largest movements
- Tangible fixed assets -€13,615
down €13,615 (-4.7%), from €291,259 to €277,644
- Debts after one year -€21,116
down €21,116 (-10.8%), from €196,420 to €175,304
- Profit (loss) carried forward +€8,012
up €8,012 (+21.1%), from €38,021 to €46,033
- Gross operating margin -€1,342
down €1,342 (-4.2%), from €32,028 to €30,687
- Taxes -€339
down €339 (-11.3%), from €3,009 to €2,671
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 | €293,535 | €280,378 | -€13,156 | -4.5% |
| Fixed assets | 21/28 | €291,259 | €277,644 | -€13,615 | -4.7% |
| Tangible fixed assets | 22/27 | €291,259 | €277,644 | -€13,615 | -4.7% |
| Land and buildings | 22 | €291,259 | €277,644 | -€13,615 | -4.7% |
| Current assets | 29/58 | €2,276 | €2,735 | +€459 | +20.2% |
| Cash at bank and in hand | 54/58 | €2,276 | €2,735 | +€459 | +20.2% |
| Total equity and liabilities | 10/49 | €293,535 | €280,378 | -€13,156 | -4.5% |
| Equity | 10/15 | €56,621 | €64,633 | +€8,012 | +14.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,021 | €46,033 | +€8,012 | +21.1% |
| Amounts payable | 17/49 | €236,914 | €215,746 | -€21,169 | -8.9% |
| Amounts payable after more than one year | 17 | €196,420 | €175,304 | -€21,116 | -10.8% |
| Financial debts | 170/4 | €196,420 | €175,304 | -€21,116 | -10.8% |
| Amounts payable within one year | 42/48 | €40,494 | €40,441 | -€53 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €20,675 | €21,116 | +€441 | +2.1% |
| Trade debts | 44 | €1,768 | €1,613 | -€155 | -8.8% |
| Suppliers | 440/4 | €1,768 | €1,613 | -€155 | -8.8% |
| Taxes, remuneration and social security | 45 | €509 | €171 | -€339 | -66.5% |
| Taxes | 450/3 | €509 | €171 | -€339 | -66.5% |
| Other amounts payable | 47/48 | €17,542 | €17,542 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,607 | €13,615 | +€8 | +0.1% |
| Other operating charges | 640/8 | €1,666 | €1,718 | +€53 | +3.2% |
| Gross operating margin | 9900 | €32,028 | €30,687 | -€1,342 | -4.2% |
| Operating profit (loss) | 9901 | €16,755 | €15,353 | -€1,402 | -8.4% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €4,717 | €4,670 | -€47 | -1.0% |
| Recurring financial charges | 65 | €4,717 | €4,670 | -€47 | -1.0% |
| Profit (loss) for the period before taxes | 9903 | €12,038 | €10,683 | -€1,355 | -11.3% |
| Income taxes | 67/77 | €3,009 | €2,671 | -€339 | -11.3% |
| Profit (loss) for the period | 9904 | €9,028 | €8,012 | -€1,016 | -11.3% |
| Profit (loss) for the period to be appropriated | 9905 | €9,028 | €8,012 | -€1,016 | -11.3% |
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 15 October 2026 via checked.be.