VANMEENEN: 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.
VANMEENEN
Largest movements
- Current investments +€80,107
up €80,107 (+499.7%), from €16,031 to €96,138
- Cash -€56,603
down €56,603 (-35.0%), from €161,504 to €104,900
mainly Current investments (-€80,107) and Tax, wage and social debts (-€2,171)
- Tangible fixed assets -€9,000
down €9,000 (-49.9%), from €18,049 to €9,049
- Deferred charges and accrued income -€3,322
down €3,322 (-18.8%), from €17,711 to €14,388
- Reserves +€10,958
up €10,958 (+5.9%), from €185,193 to €196,151
- Other debts +€3,728
up €3,728 (+35.1%), from €10,622 to €14,350
- Gross operating margin -€15,121
down €15,121 (-36.5%), from €41,422 to €26,301
- Taxes -€4,147
down €4,147 (-45.8%), from €9,049 to €4,901
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 | €213,566 | €226,717 | +€13,152 | +6.2% |
| Fixed assets | 21/28 | €18,049 | €9,049 | -€9,000 | -49.9% |
| Tangible fixed assets | 22/27 | €18,049 | €9,049 | -€9,000 | -49.9% |
| Furniture and vehicles | 24 | €18,049 | €9,049 | -€9,000 | -49.9% |
| Current assets | 29/58 | €195,517 | €217,668 | +€22,152 | +11.3% |
| Amounts receivable within one year | 40/41 | €271 | €2,242 | +€1,971 | +727.3% |
| Other amounts receivable | 41 | €271 | €2,242 | +€1,971 | +727.3% |
| Current investments | 50/53 | €16,031 | €96,138 | +€80,107 | +499.7% |
| Cash at bank and in hand | 54/58 | €161,504 | €104,900 | -€56,603 | -35.0% |
| Deferred charges and accrued income | 490/1 | €17,711 | €14,388 | -€3,322 | -18.8% |
| Total equity and liabilities | 10/49 | €213,566 | €226,717 | +€13,152 | +6.2% |
| Equity | 10/15 | €192,693 | €203,651 | +€10,958 | +5.7% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €185,193 | €196,151 | +€10,958 | +5.9% |
| Distributable reserves | 133 | €185,193 | €196,151 | +€10,958 | +5.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €20,873 | €23,067 | +€2,194 | +10.5% |
| Amounts payable within one year | 42/48 | €16,734 | €18,199 | +€1,465 | +8.8% |
| Trade debts | 44 | €1,446 | €1,355 | -€91 | -6.3% |
| Suppliers | 440/4 | €1,446 | €1,355 | -€91 | -6.3% |
| Taxes, remuneration and social security | 45 | €4,666 | €2,495 | -€2,171 | -46.5% |
| Taxes | 450/3 | €4,666 | €2,495 | -€2,171 | -46.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €10,622 | €14,350 | +€3,728 | +35.1% |
| Accrued charges and deferred income | 492/3 | €4,139 | €4,868 | +€729 | +17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,273 | €9,000 | -€273 | -2.9% |
| Other operating charges | 640/8 | €833 | €789 | -€43 | -5.2% |
| Gross operating margin | 9900 | €41,422 | €26,301 | -€15,121 | -36.5% |
| Operating profit (loss) | 9901 | €31,316 | €16,512 | -€14,805 | -47.3% |
| Financial income | 75/76B | €473 | €476 | +€3 | +0.7% |
| Recurring financial income | 75 | €473 | €476 | +€3 | +0.7% |
| Financial charges | 65/66B | €871 | €1,129 | +€258 | +29.6% |
| Recurring financial charges | 65 | €871 | €1,129 | +€258 | +29.6% |
| Profit (loss) for the period before taxes | 9903 | €30,918 | €15,859 | -€15,059 | -48.7% |
| Income taxes | 67/77 | €9,049 | €4,901 | -€4,147 | -45.8% |
| Profit (loss) for the period | 9904 | €21,870 | €10,958 | -€10,912 | -49.9% |
| Profit (loss) for the period to be appropriated | 9905 | €21,870 | €10,958 | -€10,912 | -49.9% |
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 7 October 2026 via checked.be.