VANELLUS BVBA: 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.
VANELLUS BVBA
Largest movements
- Stocks and contracts +€58,522
up €58,522 (+3.9%), from €1.5m to €1.5m
- Cash +€38,911
up €38,911 (+44.2%), from €88,033 to €126,944
mainly Net result for the year (+€63,408) and Depreciation (+€38,274)
- Tangible fixed assets -€38,274
down €38,274 (-40.6%), from €94,157 to €55,883
- Receivables within one year -€19,355
down €19,355 (-100.0%), from €19,360 to €5
of which Trade receivables: -€19,360
- Reserves +€63,408
up €63,408 (+17.9%), from €353,895 to €417,303
of which Distributable reserves: +€65,268
- Gross operating margin -€8,899
down €8,899 (-6.5%), from €136,569 to €127,671
- Taxes -€2,915
down €2,915 (-11.4%), from €25,556 to €22,641
- Other operating charges +€1,874
up €1,874 (+135%), from €1,388 to €3,262
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 | €1,770,964 | €1,810,768 | +€39,804 | +2.2% |
| Fixed assets | 21/28 | €94,157 | €55,883 | -€38,274 | -40.6% |
| Tangible fixed assets | 22/27 | €94,157 | €55,883 | -€38,274 | -40.6% |
| Furniture and vehicles | 24 | €94,157 | €55,883 | -€38,274 | -40.6% |
| Current assets | 29/58 | €1,676,808 | €1,754,886 | +€78,078 | +4.7% |
| Stocks and contracts in progress | 3 | €1,487,657 | €1,546,179 | +€58,522 | +3.9% |
| Stocks | 30/36 | €1,487,657 | €1,546,179 | +€58,522 | +3.9% |
| Amounts receivable within one year | 40/41 | €19,360 | €5 | -€19,355 | -100.0% |
| Trade receivables | 40 | €19,360 | - | -€19,360 | |
| Other amounts receivable | 41 | - | €5 | +€5 | |
| Current investments | 50/53 | €81,758 | €81,758 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €88,033 | €126,944 | +€38,911 | +44.2% |
| Total equity and liabilities | 10/49 | €1,770,964 | €1,810,768 | +€39,804 | +2.2% |
| Equity | 10/15 | €372,495 | €435,903 | +€63,408 | +17.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €353,895 | €417,303 | +€63,408 | +17.9% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €352,035 | €417,303 | +€65,268 | +18.5% |
| Amounts payable | 17/49 | €1,398,470 | €1,374,866 | -€23,604 | -1.7% |
| Amounts payable after more than one year | 17 | €1,323,968 | €1,316,708 | -€7,260 | -0.5% |
| Other amounts payable | 178/9 | €1,323,968 | €1,316,708 | -€7,260 | -0.5% |
| Amounts payable within one year | 42/48 | €74,502 | €58,158 | -€16,344 | -21.9% |
| Trade debts | 44 | €3,931 | €254 | -€3,677 | -93.5% |
| Suppliers | 440/4 | €3,931 | €254 | -€3,677 | -93.5% |
| Taxes, remuneration and social security | 45 | €11,424 | €3,991 | -€7,434 | -65.1% |
| Taxes | 450/3 | €11,424 | €3,991 | -€7,434 | -65.1% |
| Other amounts payable | 47/48 | €59,146 | €53,913 | -€5,234 | -8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,274 | €38,274 | = | 0.0% |
| Other operating charges | 640/8 | €1,388 | €3,262 | +€1,874 | +135% |
| Gross operating margin | 9900 | €136,569 | €127,671 | -€8,899 | -6.5% |
| Operating profit (loss) | 9901 | €96,907 | €86,135 | -€10,773 | -11.1% |
| Financial income | 75/76B | €971 | €394 | -€577 | -59.4% |
| Recurring financial income | 75 | €971 | €394 | -€577 | -59.4% |
| Financial charges | 65/66B | €411 | €480 | +€69 | +16.7% |
| Recurring financial charges | 65 | €411 | €480 | +€69 | +16.7% |
| Profit (loss) for the period before taxes | 9903 | €97,467 | €86,049 | -€11,418 | -11.7% |
| Income taxes | 67/77 | €25,556 | €22,641 | -€2,915 | -11.4% |
| Profit (loss) for the period | 9904 | €71,911 | €63,408 | -€8,503 | -11.8% |
| Profit (loss) for the period to be appropriated | 9905 | €71,911 | €63,408 | -€8,503 | -11.8% |
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 24 October 2026 via checked.be.