VANMEER RJ: 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.
VANMEER RJ
Largest movements
- Cash -€45,367
down €45,367 (-100%), from €45,367 to €0
mainly Investment in fixed assets (net) (-€66,951) and Stocks and contracts (-€27,500)
- Stocks and contracts +€27,500
up €27,500 (+40.7%), from €67,500 to €95,000
- Tangible fixed assets +€26,107
up €26,107 (+9.6%), from €271,853 to €297,960
of which Plant, machinery and equipment: +€43,067
- Receivables within one year +€25,969
up €25,969 (+96.6%), from €26,879 to €52,847
of which Trade receivables: +€33,480
- Deferred charges and accrued income -€24,234
down €24,234 (-91.8%), from €26,398 to €2,164
- Short-term financial debts +€31,036
new in 2025: €31,036
- Current portion of long-term debt -€13,492
down €13,492 (-37.4%), from €36,066 to €22,575
- Profit (loss) carried forward -€9,495
new in 2025: -€9,495
- Debts after one year -€8,575
down €8,575 (-3.9%), from €217,854 to €209,280
- Trade debts +€5,432
up €5,432 (+10.2%), from €53,190 to €58,622
- Gross operating margin -€61,814
down €61,814 (-27.7%), from €222,771 to €160,956
- Staff costs +€25,636
up €25,636 (+28.6%), from €89,703 to €115,339
- Taxes -€21,286
down €21,286 (-100%), from €21,286 to €0
- Financial charges -€2,289
down €2,289 (-17.3%), from €13,247 to €10,958
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 | €438,158 | €448,137 | +€9,979 | +2.3% |
| Fixed assets | 21/28 | €272,014 | €298,125 | +€26,111 | +9.6% |
| Tangible fixed assets | 22/27 | €271,853 | €297,960 | +€26,107 | +9.6% |
| Land and buildings | 22 | €225,374 | €213,812 | -€11,562 | -5.1% |
| Plant, machinery and equipment | 23 | €35,984 | €79,051 | +€43,067 | +120% |
| Furniture and vehicles | 24 | €10,495 | €5,096 | -€5,399 | -51.4% |
| Financial fixed assets | 28 | €161 | €165 | +€5 | +2.8% |
| Current assets | 29/58 | €166,143 | €150,011 | -€16,132 | -9.7% |
| Stocks and contracts in progress | 3 | €67,500 | €95,000 | +€27,500 | +40.7% |
| Stocks | 30/36 | €67,500 | €95,000 | +€27,500 | +40.7% |
| Amounts receivable within one year | 40/41 | €26,879 | €52,847 | +€25,969 | +96.6% |
| Trade receivables | 40 | €5,907 | €39,387 | +€33,480 | +567% |
| Other amounts receivable | 41 | €20,972 | €13,460 | -€7,512 | -35.8% |
| Cash at bank and in hand | 54/58 | €45,367 | €0 | -€45,367 | -100% |
| Deferred charges and accrued income | 490/1 | €26,398 | €2,164 | -€24,234 | -91.8% |
| Total equity and liabilities | 10/49 | €438,158 | €448,137 | +€9,979 | +2.3% |
| Equity | 10/15 | €129,997 | €120,503 | -€9,495 | -7.3% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €114,997 | €114,997 | = | 0.0% |
| Distributable reserves | 133 | €114,997 | €114,997 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€9,495 | -€9,495 | |
| Amounts payable | 17/49 | €308,161 | €327,634 | +€19,474 | +6.3% |
| Amounts payable after more than one year | 17 | €217,854 | €209,280 | -€8,575 | -3.9% |
| Financial debts | 170/4 | €217,854 | €209,280 | -€8,575 | -3.9% |
| Amounts payable within one year | 42/48 | €89,681 | €117,492 | +€27,811 | +31.0% |
| Current portion of amounts payable after more than one year | 42 | €36,066 | €22,575 | -€13,492 | -37.4% |
| Financial debts | 43 | - | €31,036 | +€31,036 | |
| Credit institutions | 430/8 | - | €31,036 | +€31,036 | |
| Trade debts | 44 | €53,190 | €58,622 | +€5,432 | +10.2% |
| Suppliers | 440/4 | €53,190 | €58,622 | +€5,432 | +10.2% |
| Taxes, remuneration and social security | 45 | €81 | €4,868 | +€4,787 | +5,891% |
| Taxes | 450/3 | €81 | €3,485 | +€3,404 | +4,189% |
| Remuneration and social security | 454/9 | €0 | €1,383 | +€1,383 | |
| Other amounts payable | 47/48 | €344 | €392 | +€48 | +14.0% |
| Accrued charges and deferred income | 492/3 | €625 | €863 | +€237 | +37.9% |
| Non-recurring operating income | 76A | - | €1,631 | +€1,631 | |
| Remuneration, social security and pensions | 62 | €89,703 | €115,339 | +€25,636 | +28.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,680 | €40,840 | +€1,160 | +2.9% |
| Other operating charges | 640/8 | €3,021 | €4,270 | +€1,250 | +41.4% |
| Non-recurring operating charges | 66A | €3,592 | €0 | -€3,592 | -100% |
| Gross operating margin | 9900 | €222,771 | €160,956 | -€61,814 | -27.7% |
| Operating profit (loss) | 9901 | €86,775 | €506 | -€86,269 | -99.4% |
| Financial income | 75/76B | €1,459 | €957 | -€502 | -34.4% |
| Recurring financial income | 75 | €1,459 | €957 | -€502 | -34.4% |
| Financial charges | 65/66B | €13,247 | €10,958 | -€2,289 | -17.3% |
| Recurring financial charges | 65 | €13,247 | €10,958 | -€2,289 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | €74,987 | -€9,495 | -€84,482 | |
| Income taxes | 67/77 | €21,286 | €0 | -€21,286 | -100% |
| Profit (loss) for the period | 9904 | €53,702 | -€9,495 | -€63,196 | |
| Profit (loss) for the period to be appropriated | 9905 | €53,702 | -€9,495 | -€63,196 |
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 21 October 2026 via checked.be.