Vanmar: 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.
Vanmar
Largest movements
- Cash -€9,076
down €9,076 (-27.1%), from €33,550 to €24,475
mainly Contributions, distributions and other (-€19,425) and Other debts (-€11,249)
- Tangible fixed assets -€3,763
down €3,763 (-41.3%), from €9,120 to €5,357
of which Other tangible fixed assets: -€2,794
- Other debts -€11,249
down €11,249 (-39.4%), from €28,559 to €17,310
- Trade debts +€1,873
up €1,873 (+166.3%), from €1,126 to €2,999
- Accrued charges and deferred income -€1,515
down €1,515 (-37.8%), from €4,003 to €2,488
- Tax, wage and social debts -€1,351
down €1,351 (-27.9%), from €4,848 to €3,497
- Gross operating margin -€8,782
down €8,782 (-22.3%), from €39,438 to €30,656
- Other operating charges -€3,746
down €3,746 (-88.2%), from €4,246 to €501
- Financial charges -€1,897
down €1,897 (-57.8%), from €3,282 to €1,386
- Taxes -€797
down €797 (-12.5%), from €6,379 to €5,582
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €57,137 | €44,894 | -€12,243 | -21.4% |
| Fixed assets | 21/28 | €9,120 | €5,357 | -€3,763 | -41.3% |
| Tangible fixed assets | 22/27 | €9,120 | €5,357 | -€3,763 | -41.3% |
| Plant, machinery and equipment | 23 | €1,583 | €844 | -€739 | -46.7% |
| Furniture and vehicles | 24 | €1,000 | €770 | -€230 | -23.0% |
| Other tangible fixed assets | 26 | €6,537 | €3,743 | -€2,794 | -42.7% |
| Current assets | 29/58 | €48,017 | €39,537 | -€8,480 | -17.7% |
| Amounts receivable within one year | 40/41 | €11,645 | €12,200 | +€555 | +4.8% |
| Trade receivables | 40 | €11,645 | €11,282 | -€364 | -3.1% |
| Other amounts receivable | 41 | - | €918 | +€918 | |
| Cash at bank and in hand | 54/58 | €33,550 | €24,475 | -€9,076 | -27.1% |
| Deferred charges and accrued income | 490/1 | €2,821 | €2,862 | +€41 | +1.5% |
| Total equity and liabilities | 10/49 | €57,137 | €44,894 | -€12,243 | -21.4% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Amounts payable | 17/49 | €38,537 | €26,294 | -€12,243 | -31.8% |
| Amounts payable within one year | 42/48 | €34,533 | €23,806 | -€10,728 | -31.1% |
| Trade debts | 44 | €1,126 | €2,999 | +€1,873 | +166.3% |
| Suppliers | 440/4 | €1,126 | €2,999 | +€1,873 | +166.3% |
| Taxes, remuneration and social security | 45 | €4,848 | €3,497 | -€1,351 | -27.9% |
| Taxes | 450/3 | €4,848 | €3,497 | -€1,351 | -27.9% |
| Other amounts payable | 47/48 | €28,559 | €17,310 | -€11,249 | -39.4% |
| Accrued charges and deferred income | 492/3 | €4,003 | €2,488 | -€1,515 | -37.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,869 | €3,763 | -€107 | -2.8% |
| Other operating charges | 640/8 | €4,246 | €501 | -€3,746 | -88.2% |
| Gross operating margin | 9900 | €39,438 | €30,656 | -€8,782 | -22.3% |
| Operating profit (loss) | 9901 | €31,322 | €26,393 | -€4,930 | -15.7% |
| Financial income | 75/76B | €4 | - | -€4 | |
| Recurring financial income | 75 | €4 | - | -€4 | |
| Financial charges | 65/66B | €3,282 | €1,386 | -€1,897 | -57.8% |
| Recurring financial charges | 65 | €3,282 | €1,386 | -€1,897 | -57.8% |
| Profit (loss) for the period before taxes | 9903 | €28,043 | €25,007 | -€3,037 | -10.8% |
| Income taxes | 67/77 | €6,379 | €5,582 | -€797 | -12.5% |
| Profit (loss) for the period | 9904 | €21,665 | €19,425 | -€2,240 | -10.3% |
| Profit (loss) for the period to be appropriated | 9905 | €21,665 | €19,425 | -€2,240 | -10.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.