VANNEROM: 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.
VANNEROM
Largest movements
- Cash -€48,054
down €48,054 (-19.0%), from €252,944 to €204,890
mainly Net result for the year (-€27,069) and Investment in fixed assets (net) (-€16,713)
- Stocks and contracts +€11,765
up €11,765 (+78.0%), from €15,075 to €26,840
- Tangible fixed assets -€4,400
down €4,400 (-4.6%), from €95,165 to €90,764
of which Furniture and vehicles: -€5,919
- Reserves -€27,069
down €27,069 (-11.0%), from €245,437 to €218,368
of which Distributable reserves: -€27,069
- Current portion of long-term debt -€7,093
no longer reported in 2024 (was €7,093)
- Debts after one year -€6,901
down €6,901 (-7.0%), from €98,924 to €92,023
- Gross operating margin +€11,859
up €11,859, from -€6,703 to €5,156
- Financial charges -€5,767
down €5,767 (-93.1%), from €6,196 to €429
- Depreciation +€5,320
up €5,320 (+33.7%), from €15,793 to €21,113
- Financial income -€390
down €390 (-98.3%), from €397 to €7
- Staff costs -€337
down €337 (-3.8%), from €8,816 to €8,479
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €380,124 | €337,946 | -€42,178 | -11.1% |
| Fixed assets | 21/28 | €95,165 | €90,764 | -€4,400 | -4.6% |
| Tangible fixed assets | 22/27 | €95,165 | €90,764 | -€4,400 | -4.6% |
| Land and buildings | 22 | €34,234 | €37,029 | +€2,796 | +8.2% |
| Plant, machinery and equipment | 23 | €9,923 | €10,701 | +€778 | +7.8% |
| Furniture and vehicles | 24 | €16,376 | €10,457 | -€5,919 | -36.1% |
| Other tangible fixed assets | 26 | €34,632 | €32,577 | -€2,055 | -5.9% |
| Current assets | 29/58 | €284,959 | €247,181 | -€37,778 | -13.3% |
| Stocks and contracts in progress | 3 | €15,075 | €26,840 | +€11,765 | +78.0% |
| Stocks | 30/36 | €15,075 | €26,840 | +€11,765 | +78.0% |
| Amounts receivable within one year | 40/41 | €12,415 | €9,597 | -€2,818 | -22.7% |
| Trade receivables | 40 | €11,907 | €7,798 | -€4,109 | -34.5% |
| Other amounts receivable | 41 | €508 | €1,798 | +€1,290 | +254.0% |
| Cash at bank and in hand | 54/58 | €252,944 | €204,890 | -€48,054 | -19.0% |
| Deferred charges and accrued income | 490/1 | €4,524 | €5,854 | +€1,330 | +29.4% |
| Total equity and liabilities | 10/49 | €380,124 | €337,946 | -€42,178 | -11.1% |
| Equity | 10/15 | €264,037 | €236,968 | -€27,069 | -10.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €245,437 | €218,368 | -€27,069 | -11.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €243,577 | €216,508 | -€27,069 | -11.1% |
| Amounts payable | 17/49 | €116,087 | €100,978 | -€15,109 | -13.0% |
| Amounts payable after more than one year | 17 | €98,924 | €92,023 | -€6,901 | -7.0% |
| Other amounts payable | 178/9 | €98,924 | €92,023 | -€6,901 | -7.0% |
| Amounts payable within one year | 42/48 | €17,163 | €8,955 | -€8,208 | -47.8% |
| Current portion of amounts payable after more than one year | 42 | €7,093 | - | -€7,093 | |
| Trade debts | 44 | €4,871 | €2,696 | -€2,174 | -44.6% |
| Suppliers | 440/4 | €4,871 | €2,696 | -€2,174 | -44.6% |
| Taxes, remuneration and social security | 45 | €4,403 | €4,699 | +€296 | +6.7% |
| Taxes | 450/3 | €2,435 | €2,451 | +€15 | +0.6% |
| Remuneration and social security | 454/9 | €1,968 | €2,248 | +€281 | +14.3% |
| Other amounts payable | 47/48 | €796 | €1,559 | +€763 | +95.9% |
| Remuneration, social security and pensions | 62 | €8,816 | €8,479 | -€337 | -3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,793 | €21,113 | +€5,320 | +33.7% |
| Other operating charges | 640/8 | €1,251 | €1,520 | +€269 | +21.5% |
| Gross operating margin | 9900 | -€6,703 | €5,156 | +€11,859 | |
| Operating profit (loss) | 9901 | -€32,563 | -€25,956 | +€6,607 | +20.3% |
| Financial income | 75/76B | €397 | €7 | -€390 | -98.3% |
| Recurring financial income | 75 | €397 | €7 | -€390 | -98.3% |
| Financial charges | 65/66B | €6,196 | €429 | -€5,767 | -93.1% |
| Recurring financial charges | 65 | €6,196 | €429 | -€5,767 | -93.1% |
| Profit (loss) for the period before taxes | 9903 | -€38,363 | -€26,379 | +€11,984 | +31.2% |
| Income taxes | 67/77 | €694 | €690 | -€4 | -0.6% |
| Profit (loss) for the period | 9904 | -€39,057 | -€27,069 | +€11,988 | +30.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€39,057 | -€27,069 | +€11,988 | +30.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.