Vannelle: 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.
Vannelle
Largest movements
- Tangible fixed assets -€38,844
down €38,844 (-24.4%), from €159,014 to €120,171
of which Land and buildings: -€23,100
- Receivables within one year -€4,147
down €4,147 (-14.1%), from €29,495 to €25,348
of which Other amounts receivable: -€2,428
- Other debts -€24,676
down €24,676 (-36.8%), from €67,108 to €42,432
- Current portion of long-term debt -€16,822
down €16,822 (-83.0%), from €20,272 to €3,450
- Profit (loss) carried forward +€5,843
up €5,843 (+29.3%), from €19,929 to €25,772
- Trade debts -€3,755
down €3,755 (-58.4%), from €6,428 to €2,673
- Debts after one year -€3,450
down €3,450 (-10.3%), from €33,450 to €30,000
of which Financial debts: -€3,450
- Other operating charges -€13,147
down €13,147 (-68.4%), from €19,230 to €6,084
- Gross operating margin +€9,534
up €9,534 (+21.8%), from €43,677 to €53,212
- Financial charges -€781
down €781 (-54.2%), from €1,441 to €660
- Depreciation +€695
up €695 (+1.8%), from €39,074 to €39,769
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 | €276,740 | €233,820 | -€42,920 | -15.5% |
| Fixed assets | 21/28 | €159,014 | €120,171 | -€38,844 | -24.4% |
| Tangible fixed assets | 22/27 | €159,014 | €120,171 | -€38,844 | -24.4% |
| Land and buildings | 22 | €107,100 | €84,000 | -€23,100 | -21.6% |
| Furniture and vehicles | 24 | €28,239 | €20,397 | -€7,842 | -27.8% |
| Other tangible fixed assets | 26 | €23,675 | €15,773 | -€7,902 | -33.4% |
| Current assets | 29/58 | €117,726 | €113,649 | -€4,077 | -3.5% |
| Amounts receivable within one year | 40/41 | €29,495 | €25,348 | -€4,147 | -14.1% |
| Trade receivables | 40 | €11,012 | €9,294 | -€1,718 | -15.6% |
| Other amounts receivable | 41 | €18,483 | €16,055 | -€2,428 | -13.1% |
| Cash at bank and in hand | 54/58 | €86,807 | €85,665 | -€1,142 | -1.3% |
| Deferred charges and accrued income | 490/1 | €1,424 | €2,636 | +€1,212 | +85.1% |
| Total equity and liabilities | 10/49 | €276,740 | €233,820 | -€42,920 | -15.5% |
| Equity | 10/15 | €147,679 | €153,522 | +€5,843 | +4.0% |
| Contributions | 10/11 | €87,500 | €87,500 | = | 0.0% |
| Outside capital | 11 | €87,500 | - | -€87,500 | |
| Other | 1109/19 | €87,500 | - | -€87,500 | |
| Reserves | 13 | €40,250 | €40,250 | = | 0.0% |
| Distributable reserves | 133 | €40,250 | €40,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,929 | €25,772 | +€5,843 | +29.3% |
| Amounts payable | 17/49 | €129,061 | €80,297 | -€48,763 | -37.8% |
| Amounts payable after more than one year | 17 | €33,450 | €30,000 | -€3,450 | -10.3% |
| Financial debts | 170/4 | €3,450 | - | -€3,450 | |
| Other amounts payable | 178/9 | €30,000 | €30,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €95,610 | €50,297 | -€45,313 | -47.4% |
| Current portion of amounts payable after more than one year | 42 | €20,272 | €3,450 | -€16,822 | -83.0% |
| Trade debts | 44 | €6,428 | €2,673 | -€3,755 | -58.4% |
| Suppliers | 440/4 | €6,428 | €2,673 | -€3,755 | -58.4% |
| Taxes, remuneration and social security | 45 | €1,802 | €1,742 | -€60 | -3.3% |
| Taxes | 450/3 | €1,802 | €1,742 | -€60 | -3.3% |
| Other amounts payable | 47/48 | €67,108 | €42,432 | -€24,676 | -36.8% |
| Remuneration, social security and pensions | 62 | €409 | €299 | -€109 | -26.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,074 | €39,769 | +€695 | +1.8% |
| Other operating charges | 640/8 | €19,230 | €6,084 | -€13,147 | -68.4% |
| Gross operating margin | 9900 | €43,677 | €53,212 | +€9,534 | +21.8% |
| Operating profit (loss) | 9901 | -€15,035 | €7,059 | +€22,095 | |
| Financial income | 75/76B | €401 | €320 | -€80 | -20.1% |
| Recurring financial income | 75 | €401 | €320 | -€80 | -20.1% |
| Financial charges | 65/66B | €1,441 | €660 | -€781 | -54.2% |
| Recurring financial charges | 65 | €1,441 | €660 | -€781 | -54.2% |
| Profit (loss) for the period before taxes | 9903 | -€16,076 | €6,720 | +€22,795 | |
| Income taxes | 67/77 | €1,030 | €877 | -€153 | -14.9% |
| Profit (loss) for the period | 9904 | -€17,105 | €5,843 | +€22,948 | |
| Transfer from tax-exempt reserves | 789 | €39,000 | - | -€39,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,895 | €5,843 | -€16,052 | -73.3% |
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 30 September 2026 via checked.be.