VANLEM: 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.
VANLEM
Largest movements
- Deferred charges and accrued income -€65,400
no longer reported in 2023 (was €65,400)
- Other debts +€199,311
up €199,311 (+1126.5%), from €17,694 to €217,005
- Debts after one year -€182,502
no longer reported in 2023 (was €182,502)
- Profit (loss) carried forward -€30,316
down €30,316 (-13.8%), from -€219,380 to -€249,696
- Current portion of long-term debt -€28,118
no longer reported in 2023 (was €28,118)
- Trade debts -€14,598
down €14,598 (-38.7%), from €37,683 to €23,085
- Financial charges +€18,559
up €18,559 (+202.2%), from €9,178 to €27,737
- Gross operating margin -€3,529
down €3,529, from €2,291 to -€1,237
- Depreciation -€1,203
no longer reported in 2023 (was €1,203)
- Other operating charges -€131
down €131 (-13.1%), from €1,004 to €873
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €83,615 | €17,294 | -€66,322 | -79.3% |
| Fixed assets | 21/28 | €977 | €508 | -€469 | -48.0% |
| Tangible fixed assets | 22/27 | €469 | - | -€469 | |
| Land and buildings | 22 | €469 | - | -€469 | |
| Financial fixed assets | 28 | €508 | €508 | = | 0.0% |
| Current assets | 29/58 | €82,639 | €16,786 | -€65,853 | -79.7% |
| Stocks and contracts in progress | 3 | €10,433 | €10,433 | = | 0.0% |
| Stocks | 30/36 | €10,433 | €10,433 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €6,806 | €6,336 | -€470 | -6.9% |
| Trade receivables | 40 | €6,336 | €6,336 | = | 0.0% |
| Other amounts receivable | 41 | €470 | - | -€470 | |
| Cash at bank and in hand | 54/58 | - | €17 | +€17 | |
| Deferred charges and accrued income | 490/1 | €65,400 | - | -€65,400 | |
| Total equity and liabilities | 10/49 | €83,615 | €17,294 | -€66,322 | -79.3% |
| Equity | 10/15 | -€194,641 | -€224,957 | -€30,316 | -15.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €6,189 | €6,189 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,334 | €4,334 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€219,380 | -€249,696 | -€30,316 | -13.8% |
| Amounts payable | 17/49 | €278,256 | €242,250 | -€36,006 | -12.9% |
| Amounts payable after more than one year | 17 | €182,502 | - | -€182,502 | |
| Financial debts | 170/4 | €182,502 | - | -€182,502 | |
| Amounts payable within one year | 42/48 | €95,754 | €242,250 | +€146,497 | +153.0% |
| Current portion of amounts payable after more than one year | 42 | €28,118 | - | -€28,118 | |
| Financial debts | 43 | €10,258 | - | -€10,258 | |
| Credit institutions | 430/8 | €10,258 | - | -€10,258 | |
| Trade debts | 44 | €37,683 | €23,085 | -€14,598 | -38.7% |
| Suppliers | 440/4 | €37,683 | €23,085 | -€14,598 | -38.7% |
| Advances received on contracts in progress | 46 | €2,000 | €2,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | - | €160 | +€160 | |
| Taxes | 450/3 | - | €160 | +€160 | |
| Other amounts payable | 47/48 | €17,694 | €217,005 | +€199,311 | +1126.5% |
| Non-recurring operating income | 76A | - | €3,000 | +€3,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,203 | - | -€1,203 | |
| Other operating charges | 640/8 | €1,004 | €873 | -€131 | -13.1% |
| Non-recurring operating charges | 66A | €204 | €469 | +€265 | +129.4% |
| Gross operating margin | 9900 | €2,291 | -€1,237 | -€3,529 | |
| Operating profit (loss) | 9901 | -€120 | -€2,579 | -€2,459 | -2047.9% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €9,178 | €27,737 | +€18,559 | +202.2% |
| Recurring financial charges | 65 | €9,178 | €27,737 | +€18,559 | +202.2% |
| Profit (loss) for the period before taxes | 9903 | -€9,298 | -€30,316 | -€21,018 | -226.0% |
| Profit (loss) for the period | 9904 | -€9,298 | -€30,316 | -€21,018 | -226.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,298 | -€30,316 | -€21,018 | -226.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.