VANMAARTEN: 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.
VANMAARTEN
Largest movements
- Cash +€24,455
up €24,455 (+74.1%), from €33,022 to €57,476
mainly Net result for the year (+€45,341) and Tax, wage and social debts (+€1,511)
- Tangible fixed assets +€13,616
up €13,616 (+1002.0%), from €1,359 to €14,974
of which Other tangible fixed assets: +€14,282
- Receivables within one year +€9,422
up €9,422 (+50.1%), from €18,824 to €28,246
of which Other amounts receivable: +€6,665
- Reserves +€45,341
up €45,341 (+96.7%), from €46,909 to €92,250
- Tax, wage and social debts +€1,511
new in 2025: €1,511
- Gross operating margin -€14,911
down €14,911 (-20.5%), from €72,759 to €57,848
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 | €53,764 | €101,264 | +€47,500 | +88.3% |
| Fixed assets | 21/28 | €1,359 | €14,974 | +€13,616 | +1002.0% |
| Tangible fixed assets | 22/27 | €1,359 | €14,974 | +€13,616 | +1002.0% |
| Furniture and vehicles | 24 | €1,359 | €692 | -€667 | -49.1% |
| Other tangible fixed assets | 26 | - | €14,282 | +€14,282 | |
| Current assets | 29/58 | €52,405 | €86,289 | +€33,884 | +64.7% |
| Amounts receivable within one year | 40/41 | €18,824 | €28,246 | +€9,422 | +50.1% |
| Trade receivables | 40 | €7,800 | €10,557 | +€2,757 | +35.3% |
| Other amounts receivable | 41 | €11,024 | €17,689 | +€6,665 | +60.5% |
| Cash at bank and in hand | 54/58 | €33,022 | €57,476 | +€24,455 | +74.1% |
| Deferred charges and accrued income | 490/1 | €560 | €567 | +€7 | +1.3% |
| Total equity and liabilities | 10/49 | €53,764 | €101,264 | +€47,500 | +88.3% |
| Equity | 10/15 | €51,909 | €97,250 | +€45,341 | +87.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Outside capital | 11 | €5,000 | €5,000 | = | 0.0% |
| Other | 1109/19 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €46,909 | €92,250 | +€45,341 | +96.7% |
| Distributable reserves | 133 | €46,909 | €92,250 | +€45,341 | +96.7% |
| Amounts payable | 17/49 | €1,855 | €4,014 | +€2,159 | +116.4% |
| Amounts payable within one year | 42/48 | €1,855 | €4,014 | +€2,159 | +116.4% |
| Trade debts | 44 | €1,855 | €2,503 | +€648 | +34.9% |
| Suppliers | 440/4 | €1,855 | €2,503 | +€648 | +34.9% |
| Taxes, remuneration and social security | 45 | - | €1,511 | +€1,511 | |
| Taxes | 450/3 | - | €1,511 | +€1,511 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €641 | €977 | +€336 | +52.4% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €72,759 | €57,848 | -€14,911 | -20.5% |
| Operating profit (loss) | 9901 | €72,000 | €56,751 | -€15,248 | -21.2% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €59 | €51 | -€8 | -12.9% |
| Recurring financial charges | 65 | €59 | €51 | -€8 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | €71,941 | €56,700 | -€15,241 | -21.2% |
| Income taxes | 67/77 | €12,077 | €11,360 | -€718 | -5.9% |
| Profit (loss) for the period | 9904 | €59,864 | €45,341 | -€14,523 | -24.3% |
| Profit (loss) for the period to be appropriated | 9905 | €59,864 | €45,341 | -€14,523 | -24.3% |
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.