VANMARSENILLE: 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.
VANMARSENILLE
Largest movements
- Cash +€22,936
up €22,936 (+97.6%), from €23,504 to €46,440
mainly Trade debts (+€25,744) and Stocks and contracts (+€19,294)
- Stocks and contracts -€19,294
down €19,294 (-6.7%), from €289,375 to €270,080
- Tangible fixed assets +€14,459
up €14,459 (+61.3%), from €23,605 to €38,064
of which Furniture and vehicles: +€17,280
- Receivables within one year +€11,554
up €11,554 (+53.0%), from €21,809 to €33,362
of which Trade receivables: +€11,850
- Trade debts +€25,744
up €25,744 (+57.3%), from €44,957 to €70,701
- Staff costs -€31,537
down €31,537 (-18.4%), from €171,649 to €140,112
- Gross operating margin -€27,099
down €27,099 (-14.6%), from €185,467 to €158,368
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.
Derived cash bridge
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 | €366,247 | €397,728 | +€31,481 | +8.6% |
| Fixed assets | 21/28 | €23,695 | €38,154 | +€14,459 | +61.0% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €23,605 | €38,064 | +€14,459 | +61.3% |
| Land and buildings | 22 | €23,605 | €17,934 | -€5,671 | -24.0% |
| Plant, machinery and equipment | 23 | - | €2,850 | +€2,850 | |
| Furniture and vehicles | 24 | - | €17,280 | +€17,280 | |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €342,552 | €359,574 | +€17,021 | +5.0% |
| Stocks and contracts in progress | 3 | €289,375 | €270,080 | -€19,294 | -6.7% |
| Stocks | 30/36 | €289,375 | €270,080 | -€19,294 | -6.7% |
| Amounts receivable within one year | 40/41 | €21,809 | €33,362 | +€11,554 | +53.0% |
| Trade receivables | 40 | €21,005 | €32,855 | +€11,850 | +56.4% |
| Other amounts receivable | 41 | €804 | €508 | -€296 | -36.9% |
| Cash at bank and in hand | 54/58 | €23,504 | €46,440 | +€22,936 | +97.6% |
| Deferred charges and accrued income | 490/1 | €7,865 | €9,691 | +€1,826 | +23.2% |
| Total equity and liabilities | 10/49 | €366,247 | €397,728 | +€31,481 | +8.6% |
| Equity | 10/15 | €193,400 | €197,139 | +€3,739 | +1.9% |
| Contributions | 10/11 | €18,900 | €18,900 | = | 0.0% |
| Reserves | 13 | €174,500 | €178,239 | +€3,739 | +2.1% |
| Distributable reserves | 133 | €174,500 | €178,239 | +€3,739 | +2.1% |
| Amounts payable | 17/49 | €172,847 | €200,588 | +€27,741 | +16.0% |
| Amounts payable after more than one year | 17 | €75,125 | €73,375 | -€1,751 | -2.3% |
| Financial debts | 170/4 | €59,600 | €73,375 | +€13,775 | +23.1% |
| Other amounts payable | 178/9 | €15,525 | €0 | -€15,525 | -100% |
| Amounts payable within one year | 42/48 | €97,470 | €126,950 | +€29,480 | +30.2% |
| Current portion of amounts payable after more than one year | 42 | - | €3,467 | +€3,467 | |
| Trade debts | 44 | €44,957 | €70,701 | +€25,744 | +57.3% |
| Suppliers | 440/4 | €44,957 | €70,701 | +€25,744 | +57.3% |
| Taxes, remuneration and social security | 45 | €52,513 | €52,776 | +€264 | +0.5% |
| Taxes | 450/3 | €30,022 | €37,006 | +€6,984 | +23.3% |
| Remuneration and social security | 454/9 | €22,491 | €15,770 | -€6,721 | -29.9% |
| Other amounts payable | 47/48 | - | €5 | +€5 | |
| Accrued charges and deferred income | 492/3 | €252 | €263 | +€12 | +4.6% |
| Non-recurring operating income | 76A | - | €0 | +€0 | |
| Remuneration, social security and pensions | 62 | €171,649 | €140,112 | -€31,537 | -18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,763 | €7,344 | -€1,419 | -16.2% |
| Other operating charges | 640/8 | €761 | €924 | +€162 | +21.3% |
| Gross operating margin | 9900 | €185,467 | €158,368 | -€27,099 | -14.6% |
| Operating profit (loss) | 9901 | €4,294 | €9,989 | +€5,694 | +133% |
| Financial income | 75/76B | €901 | €265 | -€636 | -70.6% |
| Recurring financial income | 75 | €901 | €265 | -€636 | -70.6% |
| Financial charges | 65/66B | €6,812 | €6,098 | -€714 | -10.5% |
| Recurring financial charges | 65 | €6,812 | €6,098 | -€714 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,617 | €4,156 | +€5,773 | |
| Income taxes | 67/77 | €0 | €417 | +€417 | |
| Profit (loss) for the period | 9904 | -€1,617 | €3,739 | +€5,356 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,617 | €3,739 | +€5,356 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.