VANEXEM Luc: what changed
Two fiscal 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.
VANEXEM Luc
Largest movements
- Receivables within one year +€183,641
up €183,641 (+32.1%), from €571,531 to €755,172
of which Other amounts receivable: +€180,563
- Tangible fixed assets +€18,634
up €18,634 (+59.7%), from €31,217 to €49,850
of which Plant, machinery and equipment: +€18,910
- Reserves +€187,185
up €187,185 (+23.3%), from €802,383 to €989,568
- Trade debts +€20,492
up €20,492 (+163.3%), from €12,549 to €33,042
- Other debts +€15,459
up €15,459 (+17.8%), from €86,811 to €102,270
- Gross operating margin -€67,752
down €67,752 (-10.7%), from €635,262 to €567,510
- Taxes -€25,767
down €25,767 (-22.0%), from €117,386 to €91,619
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.
Cash bridge derived
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 | €1,053,600 | €1,265,892 | +€212,292 | +20.1% |
| Fixed assets | 21/28 | €32,217 | €50,850 | +€18,634 | +57.8% |
| Tangible fixed assets | 22/27 | €31,217 | €49,850 | +€18,634 | +59.7% |
| Plant, machinery and equipment | 23 | €30,637 | €49,547 | +€18,910 | +61.7% |
| Furniture and vehicles | 24 | €580 | €303 | -€277 | -47.7% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €1,021,383 | €1,215,041 | +€193,658 | +19.0% |
| Amounts receivable within one year | 40/41 | €571,531 | €755,172 | +€183,641 | +32.1% |
| Trade receivables | 40 | €22,435 | €25,513 | +€3,078 | +13.7% |
| Other amounts receivable | 41 | €549,096 | €729,659 | +€180,563 | +32.9% |
| Current investments | 50/53 | €10,238 | €10,238 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €435,400 | €445,161 | +€9,762 | +2.2% |
| Deferred charges and accrued income | 490/1 | €4,215 | €4,470 | +€255 | +6.0% |
| Total equity and liabilities | 10/49 | €1,053,600 | €1,265,892 | +€212,292 | +20.1% |
| Equity | 10/15 | €904,883 | €1,092,068 | +€187,185 | +20.7% |
| Contributions | 10/11 | €102,500 | €102,500 | = | 0.0% |
| Reserves | 13 | €802,383 | €989,568 | +€187,185 | +23.3% |
| Distributable reserves | 133 | €802,383 | €989,568 | +€187,185 | +23.3% |
| Amounts payable | 17/49 | €148,717 | €173,824 | +€25,107 | +16.9% |
| Amounts payable within one year | 42/48 | €137,184 | €162,729 | +€25,545 | +18.6% |
| Trade debts | 44 | €12,549 | €33,042 | +€20,492 | +163.3% |
| Suppliers | 440/4 | €12,549 | €33,042 | +€20,492 | +163.3% |
| Taxes, remuneration and social security | 45 | €37,824 | €27,418 | -€10,406 | -27.5% |
| Taxes | 450/3 | €22,386 | €11,619 | -€10,767 | -48.1% |
| Remuneration and social security | 454/9 | €15,438 | €15,799 | +€361 | +2.3% |
| Other amounts payable | 47/48 | €86,811 | €102,270 | +€15,459 | +17.8% |
| Accrued charges and deferred income | 492/3 | €11,534 | €11,095 | -€438 | -3.8% |
| Remuneration, social security and pensions | 62 | €192,325 | €198,325 | +€6,000 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,100 | €8,206 | +€1,107 | +15.6% |
| Other operating charges | 640/8 | €232 | €6,268 | +€6,036 | +2601.6% |
| Gross operating margin | 9900 | €635,262 | €567,510 | -€67,752 | -10.7% |
| Operating profit (loss) | 9901 | €435,605 | €354,711 | -€80,894 | -18.6% |
| Financial income | 75/76B | €1 | €0 | -€1 | -82.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -82.0% |
| Financial charges | 65/66B | €240 | €75 | -€165 | -68.9% |
| Recurring financial charges | 65 | €240 | €75 | -€165 | -68.9% |
| Profit (loss) for the period before taxes | 9903 | €435,366 | €354,637 | -€80,729 | -18.5% |
| Income taxes | 67/77 | €117,386 | €91,619 | -€25,767 | -22.0% |
| Profit (loss) for the period | 9904 | €317,980 | €263,018 | -€54,962 | -17.3% |
| Profit (loss) for the period to be appropriated | 9905 | €317,980 | €263,018 | -€54,962 | -17.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.