VANESSIMO: 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.
VANESSIMO
Largest movements
- Tangible fixed assets -€14,550
down €14,550 (-6.8%), from €213,002 to €198,452
- Receivables within one year -€3,214
no longer reported in 2025 (was €3,214)
- Reserves -€12,000
down €12,000 (-24.7%), from €48,560 to €36,560
- Other debts +€11,470
up €11,470 (+16.7%), from €68,645 to €80,115
- Debts after one year -€10,121
down €10,121 (-31.0%), from €32,658 to €22,537
- Profit (loss) carried forward -€7,110
down €7,110 (-23.0%), from €30,898 to €23,788
- Gross operating margin -€18,503
down €18,503 (-50.1%), from €36,955 to €18,452
- Taxes -€5,295
no longer reported in 2025 (was €5,295)
- Financial charges +€3,787
up €3,787 (+155%), from €2,449 to €6,236
- Depreciation +€533
up €533 (+3.1%), from €17,230 to €17,763
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 | €216,228 | €198,930 | -€17,298 | -8.0% |
| Fixed assets | 21/28 | €213,002 | €198,452 | -€14,550 | -6.8% |
| Tangible fixed assets | 22/27 | €213,002 | €198,452 | -€14,550 | -6.8% |
| Land and buildings | 22 | €213,002 | €198,452 | -€14,550 | -6.8% |
| Current assets | 29/58 | €3,226 | €478 | -€2,748 | -85.2% |
| Amounts receivable within one year | 40/41 | €3,214 | - | -€3,214 | |
| Other amounts receivable | 41 | €3,214 | - | -€3,214 | |
| Cash at bank and in hand | 54/58 | €12 | €478 | +€466 | +3,883% |
| Total equity and liabilities | 10/49 | €216,228 | €198,930 | -€17,298 | -8.0% |
| Equity | 10/15 | €98,058 | €78,948 | -€19,110 | -19.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €48,560 | €36,560 | -€12,000 | -24.7% |
| Distributable reserves | 133 | €48,560 | €36,560 | -€12,000 | -24.7% |
| Profit (loss) carried forward | 14 | €30,898 | €23,788 | -€7,110 | -23.0% |
| Amounts payable | 17/49 | €118,170 | €119,982 | +€1,812 | +1.5% |
| Amounts payable after more than one year | 17 | €32,658 | €22,537 | -€10,121 | -31.0% |
| Financial debts | 170/4 | €32,658 | €22,537 | -€10,121 | -31.0% |
| Amounts payable within one year | 42/48 | €85,512 | €97,445 | +€11,933 | +14.0% |
| Current portion of amounts payable after more than one year | 42 | €9,696 | €10,121 | +€425 | +4.4% |
| Taxes, remuneration and social security | 45 | €7,171 | €7,209 | +€38 | +0.5% |
| Taxes | 450/3 | €7,171 | €7,209 | +€38 | +0.5% |
| Other amounts payable | 47/48 | €68,645 | €80,115 | +€11,470 | +16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,230 | €17,763 | +€533 | +3.1% |
| Other operating charges | 640/8 | €1,515 | €1,563 | +€48 | +3.2% |
| Gross operating margin | 9900 | €36,955 | €18,452 | -€18,503 | -50.1% |
| Operating profit (loss) | 9901 | €18,210 | -€874 | -€19,084 | |
| Financial charges | 65/66B | €2,449 | €6,236 | +€3,787 | +155% |
| Recurring financial charges | 65 | €2,449 | €6,236 | +€3,787 | +155% |
| Profit (loss) for the period before taxes | 9903 | €15,761 | -€7,110 | -€22,871 | |
| Income taxes | 67/77 | €5,295 | - | -€5,295 | |
| Profit (loss) for the period | 9904 | €10,466 | -€7,110 | -€17,576 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,466 | -€7,110 | -€17,576 |
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 17 October 2026 via checked.be.