VANMOL JOSEPH: 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.
VANMOL JOSEPH
Largest movements
- Cash -€61,048
down €61,048 (-40.8%), from €149,754 to €88,706
mainly Net result for the year (-€32,479) and Receivables within one year (-€31,865)
- Receivables within one year +€31,865
up €31,865 (+120%), from €26,505 to €58,370
of which Trade receivables: +€27,715
- Stocks and contracts -€30,112
down €30,112 (-84.8%), from €35,512 to €5,400
- Tangible fixed assets -€3,435
down €3,435 (-39.4%), from €8,709 to €5,273
of which Furniture and vehicles: -€7,340
- Profit (loss) carried forward -€32,479
down €32,479 (-62.1%), from €52,336 to €19,857
- Tax, wage and social debts -€18,725
down €18,725 (-67.3%), from €27,826 to €9,101
of which Remuneration and social security: -€15,590
- Trade debts -€12,246
down €12,246 (-100%), from €12,246 to €0
- Staff costs -€142,175
down €142,175 (-68.8%), from €206,752 to €64,577
- Gross operating margin -€125,555
down €125,555 (-64.6%), from €194,455 to €68,900
- Write-downs +€30,112
new in 2025: €30,112
- Depreciation -€4,230
down €4,230 (-50.8%), from €8,332 to €4,102
- Other operating charges +€2,623
up €2,623 (+2,474%), from €106 to €2,729
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 | €221,315 | €157,866 | -€63,449 | -28.7% |
| Fixed assets | 21/28 | €9,492 | €5,390 | -€4,102 | -43.2% |
| Intangible fixed assets | 21 | €783 | €117 | -€666 | -85.1% |
| Tangible fixed assets | 22/27 | €8,709 | €5,273 | -€3,435 | -39.4% |
| Furniture and vehicles | 24 | €8,709 | €1,369 | -€7,340 | -84.3% |
| Leasing and similar rights | 25 | - | €3,904 | +€3,904 | |
| Current assets | 29/58 | €211,823 | €152,476 | -€59,348 | -28.0% |
| Stocks and contracts in progress | 3 | €35,512 | €5,400 | -€30,112 | -84.8% |
| Stocks | 30/36 | €35,512 | €5,400 | -€30,112 | -84.8% |
| Amounts receivable within one year | 40/41 | €26,505 | €58,370 | +€31,865 | +120% |
| Trade receivables | 40 | €25,161 | €52,875 | +€27,715 | +110% |
| Other amounts receivable | 41 | €1,344 | €5,494 | +€4,150 | +309% |
| Cash at bank and in hand | 54/58 | €149,754 | €88,706 | -€61,048 | -40.8% |
| Deferred charges and accrued income | 490/1 | €53 | - | -€53 | |
| Total equity and liabilities | 10/49 | €221,315 | €157,866 | -€63,449 | -28.7% |
| Equity | 10/15 | €181,244 | €148,765 | -€32,479 | -17.9% |
| Contributions | 10/11 | €86,763 | €86,763 | = | 0.0% |
| Reserves | 13 | €42,145 | €42,145 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,676 | - | -€8,676 | |
| Reserves not available under the articles | 1311 | €8,676 | - | -€8,676 | |
| Distributable reserves | 133 | €33,469 | €42,145 | +€8,676 | +25.9% |
| Profit (loss) carried forward | 14 | €52,336 | €19,857 | -€32,479 | -62.1% |
| Amounts payable | 17/49 | €40,071 | €9,101 | -€30,970 | -77.3% |
| Amounts payable within one year | 42/48 | €40,071 | €9,101 | -€30,970 | -77.3% |
| Trade debts | 44 | €12,246 | €0 | -€12,246 | -100% |
| Suppliers | 440/4 | €12,246 | €0 | -€12,246 | -100% |
| Taxes, remuneration and social security | 45 | €27,826 | €9,101 | -€18,725 | -67.3% |
| Taxes | 450/3 | €3,134 | - | -€3,134 | |
| Remuneration and social security | 454/9 | €24,691 | €9,101 | -€15,590 | -63.1% |
| Remuneration, social security and pensions | 62 | €206,752 | €64,577 | -€142,175 | -68.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,332 | €4,102 | -€4,230 | -50.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €30,112 | +€30,112 | |
| Other operating charges | 640/8 | €106 | €2,729 | +€2,623 | +2,474% |
| Gross operating margin | 9900 | €194,455 | €68,900 | -€125,555 | -64.6% |
| Operating profit (loss) | 9901 | -€20,735 | -€32,620 | -€11,885 | -57.3% |
| Financial income | 75/76B | €39 | €825 | +€786 | +2,016% |
| Recurring financial income | 75 | €39 | €825 | +€786 | +2,016% |
| Financial charges | 65/66B | €361 | €560 | +€199 | +55.1% |
| Recurring financial charges | 65 | €361 | €560 | +€199 | +55.1% |
| Profit (loss) for the period before taxes | 9903 | -€21,057 | -€32,354 | -€11,298 | -53.7% |
| Income taxes | 67/77 | - | €125 | +€125 | |
| Profit (loss) for the period | 9904 | -€21,057 | -€32,479 | -€11,422 | -54.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,057 | -€32,479 | -€11,422 | -54.2% |
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 17 October 2026 via checked.be.