VANMAR: 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.
VANMAR
Largest movements
- Tangible fixed assets +€74,389
new in 2025: €74,389
of which Furniture and vehicles: +€72,764
- Receivables within one year +€33,384
new in 2025: €33,384
- Cash +€25,559
new in 2025: €25,559
- Profit (loss) carried forward +€81,180
up €81,180, from -€13,759 to €67,421
- Debts after one year +€26,030
new in 2025: €26,030
- Current portion of long-term debt +€12,914
new in 2025: €12,914
- Tax, wage and social debts +€8,240
up €8,240, from €0 to €8,240
of which Remuneration and social security: +€8,240
- Reserves +€3,866
up €3,866 (+2097.4%), from €184 to €4,050
- Turnover +€232,917
new in 2025: €232,917
- Gross operating margin +€123,994
new in 2025: €123,994
- Purchases and services +€108,923
new in 2025: €108,923
- Taxes +€31,818
new in 2025: €31,818
- Depreciation +€12,944
new in 2025: €12,944
From the 2022 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2022 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | - | €133,759 | +€133,759 | |
| Formation expenses | 20 | - | €426 | +€426 | |
| Fixed assets | 21/28 | - | €74,389 | +€74,389 | |
| Tangible fixed assets | 22/27 | - | €74,389 | +€74,389 | |
| Plant, machinery and equipment | 23 | - | €1,625 | +€1,625 | |
| Furniture and vehicles | 24 | - | €72,764 | +€72,764 | |
| Current assets | 29/58 | - | €58,944 | +€58,944 | |
| Amounts receivable within one year | 40/41 | - | €33,384 | +€33,384 | |
| Trade receivables | 40 | - | €33,384 | +€33,384 | |
| Cash at bank and in hand | 54/58 | - | €25,559 | +€25,559 | |
| Total equity and liabilities | 10/49 | €0 | €133,759 | +€133,759 | |
| Equity | 10/15 | -€8,617 | €76,613 | +€85,230 | |
| Contributions | 10/11 | €4,958 | €5,142 | +€184 | +3.7% |
| Capital | 10 | €4,958 | - | -€4,958 | |
| Issued capital | 100 | €4,958 | - | -€4,958 | |
| Reserves | 13 | €184 | €4,050 | +€3,866 | +2097.4% |
| Non-distributable reserves | 130/1 | €184 | €4,050 | +€3,866 | +2097.4% |
| Legal reserve | 130 | €184 | - | -€184 | |
| Reserves not available under the articles | 1311 | - | €4,050 | +€4,050 | |
| Profit (loss) carried forward | 14 | -€13,759 | €67,421 | +€81,180 | |
| Amounts payable | 17/49 | €8,617 | €57,146 | +€48,529 | +563.2% |
| Amounts payable after more than one year | 17 | - | €26,030 | +€26,030 | |
| Financial debts | 170/4 | - | €26,030 | +€26,030 | |
| Amounts payable within one year | 42/48 | €8,617 | €31,116 | +€22,499 | +261.1% |
| Current portion of amounts payable after more than one year | 42 | - | €12,914 | +€12,914 | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €0 | €8,240 | +€8,240 | |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | - | €8,240 | +€8,240 | |
| Other amounts payable | 47/48 | €8,617 | €9,962 | +€1,345 | +15.6% |
| Turnover | 70 | - | €232,917 | +€232,917 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €108,923 | +€108,923 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €12,944 | +€12,944 | |
| Other operating charges | 640/8 | €957 | €220 | -€737 | -77.0% |
| Gross operating margin | 9900 | - | €123,994 | +€123,994 | |
| Operating profit (loss) | 9901 | -€957 | €110,830 | +€111,787 | |
| Financial charges | 65/66B | €300 | €137 | -€163 | -54.4% |
| Recurring financial charges | 65 | €300 | €137 | -€163 | -54.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,257 | €110,694 | +€111,951 | |
| Income taxes | 67/77 | - | €31,818 | +€31,818 | |
| Profit (loss) for the period | 9904 | -€1,257 | €78,876 | +€80,133 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,257 | €78,876 | +€80,133 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 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.