VANMULLEMART: 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.
VANMULLEMART
Largest movements
- Cash -€83,451
down €83,451 (-95.9%), from €87,040 to €3,589
mainly Trade debts (-€43,431) and Net result for the year (-€29,395)
- Deferred charges and accrued income -€3,007
down €3,007 (-88.6%), from €3,393 to €386
- Receivables within one year +€1,406
up €1,406 (+17.1%), from €8,245 to €9,651
of which Other amounts receivable: +€1,438
- Trade debts -€43,431
down €43,431 (-80.9%), from €53,702 to €10,271
- Profit (loss) carried forward -€29,395
down €29,395, from €4,270 to -€25,125
- Tax, wage and social debts -€11,322
down €11,322 (-76.4%), from €14,817 to €3,495
- Gross operating margin -€30,673
down €30,673, from €4,432 to -€26,241
- Taxes +€3,636
up €3,636, from -€3,335 to €301
- Depreciation -€2,100
no longer reported in 2025 (was €2,100)
- Financial charges +€466
up €466 (+199.1%), from €234 to €700
of which Non-recurring financial charges: +€529
- Other operating charges -€375
down €375 (-32.6%), from €1,150 to €775
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 | €107,395 | €22,343 | -€85,052 | -79.2% |
| Current assets | 29/58 | €107,395 | €22,343 | -€85,052 | -79.2% |
| Stocks and contracts in progress | 3 | €8,718 | €8,718 | = | 0.0% |
| Stocks | 30/36 | €8,718 | €8,718 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €8,245 | €9,651 | +€1,406 | +17.1% |
| Trade receivables | 40 | €8,245 | €8,213 | -€32 | -0.4% |
| Other amounts receivable | 41 | - | €1,438 | +€1,438 | |
| Cash at bank and in hand | 54/58 | €87,040 | €3,589 | -€83,451 | -95.9% |
| Deferred charges and accrued income | 490/1 | €3,393 | €386 | -€3,007 | -88.6% |
| Total equity and liabilities | 10/49 | €107,395 | €22,343 | -€85,052 | -79.2% |
| Equity | 10/15 | €18,430 | -€10,965 | -€29,395 | |
| Contributions | 10/11 | €14,160 | €14,160 | = | 0.0% |
| Capital | 10 | €14,160 | €14,160 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €4,440 | €4,440 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,270 | -€25,125 | -€29,395 | |
| Amounts payable | 17/49 | €88,965 | €33,309 | -€55,657 | -62.6% |
| Amounts payable within one year | 42/48 | €88,965 | €33,309 | -€55,657 | -62.6% |
| Trade debts | 44 | €53,702 | €10,271 | -€43,431 | -80.9% |
| Suppliers | 440/4 | €53,702 | €10,271 | -€43,431 | -80.9% |
| Taxes, remuneration and social security | 45 | €14,817 | €3,495 | -€11,322 | -76.4% |
| Taxes | 450/3 | €14,817 | €3,495 | -€11,322 | -76.4% |
| Other amounts payable | 47/48 | €20,446 | €19,543 | -€903 | -4.4% |
| Non-recurring operating income | 76A | €188 | - | -€188 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,100 | - | -€2,100 | |
| Other operating charges | 640/8 | €1,150 | €775 | -€375 | -32.6% |
| Non-recurring operating charges | 66A | €34,983 | €1,379 | -€33,604 | -96.1% |
| Gross operating margin | 9900 | €4,432 | -€26,241 | -€30,673 | |
| Operating profit (loss) | 9901 | -€33,802 | -€28,395 | +€5,407 | +16.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €234 | €700 | +€466 | +199.1% |
| Recurring financial charges | 65 | €234 | €171 | -€63 | -26.9% |
| Non-recurring financial charges | 66B | - | €529 | +€529 | |
| Profit (loss) for the period before taxes | 9903 | -€34,036 | -€29,095 | +€4,941 | +14.5% |
| Income taxes | 67/77 | -€3,335 | €301 | +€3,636 | |
| Profit (loss) for the period | 9904 | -€30,701 | -€29,395 | +€1,305 | +4.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,701 | -€29,395 | +€1,305 | +4.3% |
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 3 October 2026 via checked.be.