VANILIN: 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.
What changed
VANILIN
NACE 13.100, Manufacture of textiles
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.1m
2024 · €696,329+€367,204
Equity
€5.0m
2024 · €3.9m+€1.1m
Cash
€2.6m
2024 · €519,269+€2.1m
Balance sheet total
€6.6m
2024 · €4.9m+€1.8m
Largest movements
Assets
- Cash +€2.1m
up €2.1m (+404.8%), from €519,269 to €2.6m
mainly Net result for the year (+€1.1m) and Current investments (+€762,922)
- Current investments -€762,922
down €762,922 (-32.0%), from €2.4m to €1.6m
- Receivables within one year +€282,144
up €282,144 (+115.6%), from €243,994 to €526,138
of which Trade receivables: +€272,494
- Tangible fixed assets +€184,165
up €184,165 (+31.8%), from €579,436 to €763,601
of which Plant, machinery and equipment: +€120,138
Equity and liabilities
- Reserves +€1.1m
up €1.1m (+27.8%), from €3.8m to €4.9m
of which Distributable reserves: +€1.1m
- Trade debts +€618,922
up €618,922 (+444.8%), from €139,133 to €758,055
Income statement
- Gross operating margin +€417,072
up €417,072 (+36.6%), from €1.1m to €1.6m
- Taxes +€23,151
up €23,151 (+7.3%), from €317,108 to €340,259
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.
Result 2024
€696,329
Gross operating margin
+€417,072
Staff costs
+€1,078
Depreciation
-€13,786
Other operating charges
-€1,654
Other operating items
+€18
Financial income
-€15,123
Financial charges
+€2,751
Taxes
-€23,151
Result 2025
€1.1m
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.
From operations
+€1.6m
Investment
+€439,225
Financing
+€60,469
Cash 2024
€519,269
From operations (derived)
+€1.6m
Net result for the year
+€1.1m
Depreciation
+€139,532
Stocks and contracts
+€17,320
Receivables within one year
-€282,144
Deferred charges and accrued income
+€16,037
Trade debts
+€618,922
Tax, wage and social debts
-€3,057
Other debts
+€31,332
Accrued charges and deferred income
+€855
Investment (derived)
+€439,225
Investment in fixed assets (net)
-€323,697
Current investments
+€762,922
Financing
+€60,469
Debts after one year
+€28,030
Current portion of long-term debt
+€32,439
Cash 2025
€2.6m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,856,540 | €6,628,595 | +€1.8m | +36.5% |
| Fixed assets | 21/28 | €979,811 | €1,163,976 | +€184,165 | +18.8% |
| Tangible fixed assets | 22/27 | €579,436 | €763,601 | +€184,165 | +31.8% |
| Land and buildings | 22 | €262,788 | €262,788 | = | 0.0% |
| Plant, machinery and equipment | 23 | €165,574 | €285,711 | +€120,138 | +72.6% |
| Furniture and vehicles | 24 | €120,414 | €194,815 | +€74,402 | +61.8% |
| Other tangible fixed assets | 26 | €30,660 | €20,287 | -€10,374 | -33.8% |
| Financial fixed assets | 28 | €400,375 | €400,375 | = | 0.0% |
| Current assets | 29/58 | €3,876,729 | €5,464,619 | +€1.6m | +41.0% |
| Stocks and contracts in progress | 3 | €705,699 | €688,378 | -€17,320 | -2.5% |
| Stocks | 30/36 | €474,147 | €445,006 | -€29,141 | -6.1% |
| Contracts in progress | 37 | €231,552 | €243,372 | +€11,820 | +5.1% |
| Amounts receivable within one year | 40/41 | €243,994 | €526,138 | +€282,144 | +115.6% |
| Trade receivables | 40 | €180,619 | €453,113 | +€272,494 | +150.9% |
| Other amounts receivable | 41 | €63,375 | €73,025 | +€9,650 | +15.2% |
| Current investments | 50/53 | €2,381,473 | €1,618,551 | -€762,922 | -32.0% |
| Cash at bank and in hand | 54/58 | €519,269 | €2,621,294 | +€2.1m | +404.8% |
| Deferred charges and accrued income | 490/1 | €26,295 | €10,258 | -€16,037 | -61.0% |
| Total equity and liabilities | 10/49 | €4,856,540 | €6,628,595 | +€1.8m | +36.5% |
| Equity | 10/15 | €3,892,474 | €4,956,008 | +€1.1m | +27.3% |
| Contributions | 10/11 | €61,624 | €61,624 | = | 0.0% |
| Capital | 10 | €61,624 | €61,624 | = | 0.0% |
| Issued capital | 100 | €61,624 | €61,624 | = | 0.0% |
| Reserves | 13 | €3,830,851 | €4,894,384 | +€1.1m | +27.8% |
| Non-distributable reserves | 130/1 | €6,162 | €6,162 | = | 0.0% |
| Legal reserve | 130 | €6,162 | €6,162 | = | 0.0% |
| Distributable reserves | 133 | €3,824,688 | €4,888,222 | +€1.1m | +27.8% |
| Amounts payable | 17/49 | €964,065 | €1,672,587 | +€708,522 | +73.5% |
| Amounts payable after more than one year | 17 | €231,998 | €260,028 | +€28,030 | +12.1% |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | €231,998 | €260,028 | +€28,030 | +12.1% |
| Amounts payable within one year | 42/48 | €732,068 | €1,411,704 | +€679,637 | +92.8% |
| Current portion of amounts payable after more than one year | 42 | €23,669 | €56,108 | +€32,439 | +137.1% |
| Trade debts | 44 | €139,133 | €758,055 | +€618,922 | +444.8% |
| Suppliers | 440/4 | €139,133 | €758,055 | +€618,922 | +444.8% |
| Taxes, remuneration and social security | 45 | €21,559 | €18,502 | -€3,057 | -14.2% |
| Taxes | 450/3 | €13,390 | €11,820 | -€1,571 | -11.7% |
| Remuneration and social security | 454/9 | €8,169 | €6,683 | -€1,486 | -18.2% |
| Other amounts payable | 47/48 | €547,706 | €579,039 | +€31,332 | +5.7% |
| Accrued charges and deferred income | 492/3 | €0 | €855 | +€855 | |
| Non-recurring operating income | 76A | €30,000 | €17,240 | -€12,760 | -42.5% |
| Remuneration, social security and pensions | 62 | €24,027 | €22,949 | -€1,078 | -4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €125,746 | €139,532 | +€13,786 | +11.0% |
| Other operating charges | 640/8 | €4,426 | €6,080 | +€1,654 | +37.4% |
| Non-recurring operating charges | 66A | €18 | €0 | -€18 | -100.0% |
| Gross operating margin | 9900 | €1,140,082 | €1,557,154 | +€417,072 | +36.6% |
| Operating profit (loss) | 9901 | €985,865 | €1,388,594 | +€402,728 | +40.9% |
| Financial income | 75/76B | €66,620 | €51,497 | -€15,123 | -22.7% |
| Recurring financial income | 75 | €66,620 | €51,497 | -€15,123 | -22.7% |
| Financial charges | 65/66B | €39,049 | €36,298 | -€2,751 | -7.0% |
| Recurring financial charges | 65 | €39,049 | €36,298 | -€2,751 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €1,013,437 | €1,403,792 | +€390,356 | +38.5% |
| Income taxes | 67/77 | €317,108 | €340,259 | +€23,151 | +7.3% |
| Profit (loss) for the period | 9904 | €696,329 | €1,063,533 | +€367,204 | +52.7% |
| Profit (loss) for the period to be appropriated | 9905 | €696,329 | €1,063,533 | +€367,204 | +52.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.