VANLIROM: 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
VANLIROM
NACE 01.410, Raising of dairy cattle
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€111,322
2024 · €114,879-€3,557
Equity
€772,081
2024 · €660,758+€111,322
Cash
€67,702
2024 · €81,698-€13,997
Balance sheet total
€3.2m
2024 · €3.2m+€2,403
Largest movements
Assets
- Receivables within one year -€34,352
down €34,352 (-21.2%), from €162,190 to €127,838
of which Trade receivables: -€34,221
Equity and liabilities
- Debts after one year -€131,036
down €131,036 (-8.9%), from €1.5m to €1.3m
- Reserves +€111,322
up €111,322 (+17.3%), from €642,158 to €753,481
- Trade debts +€44,969
up €44,969 (+120.9%), from €37,186 to €82,155
Income statement
- Gross operating margin -€42,366
down €42,366 (-11.6%), from €365,597 to €323,232
- Depreciation -€28,416
down €28,416 (-20.7%), from €137,311 to €108,895
- Financial charges -€6,957
down €6,957 (-12.0%), from €57,996 to €51,038
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
€114,879
Gross operating margin
-€42,366
Depreciation
+€28,416
Other operating charges
+€365
Financial income
-€128
Financial charges
+€6,957
Taxes
+€3,199
Result 2025
€111,322
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
+€279,701
Investment
-€164,648
Financing
-€129,049
Cash 2024
€81,698
From operations (derived)
+€279,701
Net result for the year
+€111,322
Depreciation
+€108,895
Receivables within one year
+€34,352
Deferred charges and accrued income
+€5,002
Trade debts
+€44,969
Tax, wage and social debts
+€9,474
Other debts
-€31,221
Accrued charges and deferred income
-€3,092
Investment (derived)
-€164,648
Investment in fixed assets (net)
-€164,648
Financing
-€129,049
Debts after one year
-€131,036
Current portion of long-term debt
+€1,987
Cash 2025
€67,702
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,176,456 | €3,178,859 | +€2,403 | +0.1% |
| Fixed assets | 21/28 | €2,925,287 | €2,981,040 | +€55,754 | +1.9% |
| Tangible fixed assets | 22/27 | €2,925,087 | €2,955,840 | +€30,754 | +1.1% |
| Land and buildings | 22 | €2,820,642 | €2,817,285 | -€3,358 | -0.1% |
| Plant, machinery and equipment | 23 | €100,822 | €73,754 | -€27,068 | -26.8% |
| Furniture and vehicles | 24 | €3,622 | €64,802 | +€61,180 | +1689.1% |
| Financial fixed assets | 28 | €200 | €25,200 | +€25,000 | +12500.0% |
| Current assets | 29/58 | €251,169 | €197,818 | -€53,351 | -21.2% |
| Amounts receivable within one year | 40/41 | €162,190 | €127,838 | -€34,352 | -21.2% |
| Trade receivables | 40 | €162,060 | €127,838 | -€34,221 | -21.1% |
| Other amounts receivable | 41 | €130 | €0 | -€130 | -100.0% |
| Cash at bank and in hand | 54/58 | €81,698 | €67,702 | -€13,997 | -17.1% |
| Deferred charges and accrued income | 490/1 | €7,281 | €2,278 | -€5,002 | -68.7% |
| Total equity and liabilities | 10/49 | €3,176,456 | €3,178,859 | +€2,403 | +0.1% |
| Equity | 10/15 | €660,758 | €772,081 | +€111,322 | +16.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €642,158 | €753,481 | +€111,322 | +17.3% |
| Distributable reserves | 133 | €642,158 | €753,481 | +€111,322 | +17.3% |
| Amounts payable | 17/49 | €2,515,697 | €2,406,778 | -€108,919 | -4.3% |
| Amounts payable after more than one year | 17 | €1,470,800 | €1,339,764 | -€131,036 | -8.9% |
| Financial debts | 170/4 | €1,470,800 | €1,339,764 | -€131,036 | -8.9% |
| Amounts payable within one year | 42/48 | €1,037,345 | €1,062,553 | +€25,209 | +2.4% |
| Current portion of amounts payable after more than one year | 42 | €131,017 | €133,004 | +€1,987 | +1.5% |
| Trade debts | 44 | €37,186 | €82,155 | +€44,969 | +120.9% |
| Suppliers | 440/4 | €37,186 | €82,155 | +€44,969 | +120.9% |
| Taxes, remuneration and social security | 45 | €63,861 | €73,335 | +€9,474 | +14.8% |
| Taxes | 450/3 | €63,861 | €40,349 | -€23,512 | -36.8% |
| Remuneration and social security | 454/9 | - | €32,986 | +€32,986 | |
| Other amounts payable | 47/48 | €805,280 | €774,059 | -€31,221 | -3.9% |
| Accrued charges and deferred income | 492/3 | €7,552 | €4,460 | -€3,092 | -40.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €137,311 | €108,895 | -€28,416 | -20.7% |
| Other operating charges | 640/8 | €7,199 | €6,835 | -€365 | -5.1% |
| Gross operating margin | 9900 | €365,597 | €323,232 | -€42,366 | -11.6% |
| Operating profit (loss) | 9901 | €221,087 | €207,502 | -€13,585 | -6.1% |
| Financial income | 75/76B | €530 | €403 | -€128 | -24.1% |
| Recurring financial income | 75 | €530 | €403 | -€128 | -24.1% |
| Financial charges | 65/66B | €57,996 | €51,038 | -€6,957 | -12.0% |
| Recurring financial charges | 65 | €57,996 | €51,038 | -€6,957 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €163,622 | €156,867 | -€6,755 | -4.1% |
| Income taxes | 67/77 | €48,743 | €45,544 | -€3,199 | -6.6% |
| Profit (loss) for the period | 9904 | €114,879 | €111,322 | -€3,557 | -3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €114,879 | €111,322 | -€3,557 | -3.1% |
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 5 October 2026 via checked.be.