VANILLIER: 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.
VANILLIER
Largest movements
- Financial fixed assets +€1.5m
up €1.5m (+81.3%), from €1.9m to €3.4m
- Receivables after one year -€762,640
down €762,640 (-62.5%), from €1.2m to €458,150
- Tangible fixed assets -€258,027
down €258,027 (-6.1%), from €4.2m to €3.9m
of which Land and buildings: -€132,159
- Receivables within one year -€214,318
down €214,318 (-62.8%), from €341,046 to €126,729
of which Other amounts receivable: -€274,437
- Deferred charges and accrued income -€148,372
down €148,372 (-93.7%), from €158,352 to €9,981
- Trade debts +€79,686
up €79,686 (+48.9%), from €162,943 to €242,629
of which Suppliers: +€80,713
- Gross operating margin +€175,312
up €175,312 (+33.8%), from €519,097 to €694,409
- Staff costs +€49,646
up €49,646 (+47.7%), from €104,077 to €153,724
- Other operating charges +€14,380
up €14,380 (+25.4%), from €56,604 to €70,984
- Financial income -€7,146
down €7,146 (-15.2%), from €46,987 to €39,841
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 | €7,807,460 | €7,930,605 | +€123,145 | +1.6% |
| Fixed assets | 21/28 | €6,074,657 | €7,335,530 | +€1.3m | +20.8% |
| Tangible fixed assets | 22/27 | €4,205,817 | €3,947,790 | -€258,027 | -6.1% |
| Land and buildings | 22 | €3,167,534 | €3,035,375 | -€132,159 | -4.2% |
| Plant, machinery and equipment | 23 | €874,531 | €756,478 | -€118,053 | -13.5% |
| Furniture and vehicles | 24 | €607 | €304 | -€303 | -49.9% |
| Leasing and similar rights | 25 | €154,645 | €133,717 | -€20,928 | -13.5% |
| Other tangible fixed assets | 26 | €8,500 | - | -€8,500 | |
| Assets under construction and advance payments | 27 | - | €21,916 | +€21,916 | |
| Financial fixed assets | 28 | €1,868,841 | €3,387,740 | +€1.5m | +81.3% |
| Current assets | 29/58 | €1,732,803 | €595,075 | -€1.1m | -65.7% |
| Amounts receivable after more than one year | 29 | €1,220,790 | €458,150 | -€762,640 | -62.5% |
| Other amounts receivable | 291 | €1,220,790 | €458,150 | -€762,640 | -62.5% |
| Amounts receivable within one year | 40/41 | €341,046 | €126,729 | -€214,318 | -62.8% |
| Trade receivables | 40 | €47,880 | €107,998 | +€60,119 | +126% |
| Other amounts receivable | 41 | €293,167 | €18,730 | -€274,437 | -93.6% |
| Cash at bank and in hand | 54/58 | €12,614 | €215 | -€12,399 | -98.3% |
| Deferred charges and accrued income | 490/1 | €158,352 | €9,981 | -€148,372 | -93.7% |
| Total equity and liabilities | 10/49 | €7,807,460 | €7,930,605 | +€123,145 | +1.6% |
| Equity | 10/15 | €1,570,698 | €1,583,664 | +€12,965 | +0.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,550,238 | €1,563,204 | +€12,965 | +0.8% |
| Amounts payable | 17/49 | €6,236,761 | €6,346,941 | +€110,180 | +1.8% |
| Amounts payable after more than one year | 17 | €5,640,839 | €5,657,050 | +€16,210 | +0.3% |
| Financial debts | 170/4 | €2,401,939 | €2,046,950 | -€354,990 | -14.8% |
| Other amounts payable | 178/9 | €3,238,900 | €3,610,100 | +€371,200 | +11.5% |
| Amounts payable within one year | 42/48 | €595,922 | €689,892 | +€93,970 | +15.8% |
| Current portion of amounts payable after more than one year | 42 | €398,828 | €366,240 | -€32,588 | -8.2% |
| Trade debts | 44 | €162,943 | €242,629 | +€79,686 | +48.9% |
| Suppliers | 440/4 | €161,916 | €242,629 | +€80,713 | +49.8% |
| Bills of exchange payable | 441 | €1,027 | - | -€1,027 | |
| Taxes, remuneration and social security | 45 | €33,429 | €77,217 | +€43,788 | +131% |
| Taxes | 450/3 | €13,419 | €29,625 | +€16,207 | +121% |
| Remuneration and social security | 454/9 | €20,011 | €47,591 | +€27,581 | +138% |
| Other amounts payable | 47/48 | €721 | €3,806 | +€3,085 | +428% |
| Remuneration, social security and pensions | 62 | €104,077 | €153,724 | +€49,646 | +47.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €342,513 | €346,853 | +€4,340 | +1.3% |
| Other operating charges | 640/8 | €56,604 | €70,984 | +€14,380 | +25.4% |
| Gross operating margin | 9900 | €519,097 | €694,409 | +€175,312 | +33.8% |
| Operating profit (loss) | 9901 | €15,903 | €122,849 | +€106,946 | +673% |
| Financial income | 75/76B | €46,987 | €39,841 | -€7,146 | -15.2% |
| Recurring financial income | 75 | €46,987 | €39,841 | -€7,146 | -15.2% |
| Financial charges | 65/66B | €145,082 | €149,940 | +€4,858 | +3.3% |
| Recurring financial charges | 65 | €145,082 | €149,940 | +€4,858 | +3.3% |
| Profit (loss) for the period before taxes | 9903 | -€82,193 | €12,749 | +€94,942 | |
| Income taxes | 67/77 | €216 | -€216 | -€432 | |
| Profit (loss) for the period | 9904 | -€82,409 | €12,965 | +€95,374 | |
| Profit (loss) for the period to be appropriated | 9905 | -€82,409 | €12,965 | +€95,374 |
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.