VANNERUM K.: 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.
VANNERUM K.
Largest movements
- Tangible fixed assets +€12,368
up €12,368 (+31.5%), from €39,264 to €51,632
of which Leasing and similar rights: +€49,629
- Cash -€8,707
down €8,707 (-73.5%), from €11,853 to €3,146
mainly Investment in fixed assets (net) (-€22,582) and Net result for the year (-€13,228)
- Receivables within one year +€5,896
up €5,896 (+27.3%), from €21,583 to €27,479
of which Other amounts receivable: +€11,793
- Deferred charges and accrued income +€1,525
new in 2025: €1,525
- Debts after one year +€26,859
up €26,859 (+407.3%), from €6,595 to €33,454
- Profit (loss) carried forward -€13,228
down €13,228, from €1,248 to -€11,980
- Trade debts -€9,103
down €9,103 (-90.1%), from €10,100 to €997
- Current portion of long-term debt +€6,001
up €6,001 (+107.5%), from €5,582 to €11,583
- Financial charges +€7,517
up €7,517 (+316.1%), from €2,379 to €9,896
- Gross operating margin +€4,960
up €4,960 (+19.0%), from €26,100 to €31,060
- Depreciation -€4,206
down €4,206 (-29.2%), from €14,419 to €10,213
- Taxes -€2,945
down €2,945 (-87.3%), from €3,375 to €430
- Financial income +€689
up €689 (+212.9%), from €324 to €1,013
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 | €72,700 | €83,783 | +€11,083 | +15.2% |
| Fixed assets | 21/28 | €39,264 | €51,632 | +€12,368 | +31.5% |
| Tangible fixed assets | 22/27 | €39,264 | €51,632 | +€12,368 | +31.5% |
| Furniture and vehicles | 24 | €39,264 | €2,003 | -€37,261 | -94.9% |
| Leasing and similar rights | 25 | - | €49,629 | +€49,629 | |
| Current assets | 29/58 | €33,436 | €32,151 | -€1,285 | -3.8% |
| Amounts receivable within one year | 40/41 | €21,583 | €27,479 | +€5,896 | +27.3% |
| Trade receivables | 40 | €16,287 | €10,391 | -€5,897 | -36.2% |
| Other amounts receivable | 41 | €5,296 | €17,089 | +€11,793 | +222.7% |
| Cash at bank and in hand | 54/58 | €11,853 | €3,146 | -€8,707 | -73.5% |
| Deferred charges and accrued income | 490/1 | - | €1,525 | +€1,525 | |
| Total equity and liabilities | 10/49 | €72,700 | €83,783 | +€11,083 | +15.2% |
| Equity | 10/15 | €46,248 | €33,020 | -€13,228 | -28.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €43,000 | €43,000 | = | 0.0% |
| Distributable reserves | 133 | €43,000 | €43,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,248 | -€11,980 | -€13,228 | |
| Amounts payable | 17/49 | €26,452 | €50,763 | +€24,311 | +91.9% |
| Amounts payable after more than one year | 17 | €6,595 | €33,454 | +€26,859 | +407.3% |
| Financial debts | 170/4 | €6,595 | €33,454 | +€26,859 | +407.3% |
| Amounts payable within one year | 42/48 | €19,857 | €17,310 | -€2,547 | -12.8% |
| Current portion of amounts payable after more than one year | 42 | €5,582 | €11,583 | +€6,001 | +107.5% |
| Trade debts | 44 | €10,100 | €997 | -€9,103 | -90.1% |
| Suppliers | 440/4 | €10,100 | €997 | -€9,103 | -90.1% |
| Taxes, remuneration and social security | 45 | €4,175 | €4,729 | +€554 | +13.3% |
| Taxes | 450/3 | €4,175 | €4,729 | +€554 | +13.3% |
| Non-recurring operating income | 76A | - | €13,021 | +€13,021 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,419 | €10,213 | -€4,206 | -29.2% |
| Other operating charges | 640/8 | €792 | €844 | +€53 | +6.6% |
| Non-recurring operating charges | 66A | - | €23,918 | +€23,918 | |
| Gross operating margin | 9900 | €26,100 | €31,060 | +€4,960 | +19.0% |
| Operating profit (loss) | 9901 | €10,889 | -€3,916 | -€14,805 | |
| Financial income | 75/76B | €324 | €1,013 | +€689 | +212.9% |
| Recurring financial income | 75 | €324 | €1,013 | +€689 | +212.9% |
| Financial charges | 65/66B | €2,379 | €9,896 | +€7,517 | +316.1% |
| Recurring financial charges | 65 | €2,379 | €9,896 | +€7,517 | +316.1% |
| Profit (loss) for the period before taxes | 9903 | €8,834 | -€12,798 | -€21,633 | |
| Income taxes | 67/77 | €3,375 | €430 | -€2,945 | -87.3% |
| Profit (loss) for the period | 9904 | €5,459 | -€13,228 | -€18,687 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,459 | -€13,228 | -€18,687 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.