VANNESTE ALEXANDER: 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.
VANNESTE ALEXANDER
Largest movements
- Stocks and contracts +€58,754
new in 2025: €58,754
- Tangible fixed assets +€43,101
up €43,101 (+1,450%), from €2,973 to €46,074
of which Plant, machinery and equipment: +€26,205
- Receivables within one year +€34,817
up €34,817 (+10.9%), from €319,928 to €354,745
of which Other amounts receivable: +€35,054
- Contributions +€175,000
up €175,000 (+184%), from €95,000 to €270,000
- Profit (loss) carried forward -€44,588
down €44,588 (-18.9%), from -€235,717 to -€280,305
- Trade debts +€33,960
up €33,960 (+376%), from €9,032 to €42,992
- Other debts -€29,663
down €29,663 (-7.9%), from €373,342 to €343,679
- Debts after one year +€8,979
up €8,979 (+62.9%), from €14,263 to €23,242
- Gross operating margin -€138,604
down €138,604, from €102,489 to -€36,115
- Depreciation +€2,992
up €2,992 (+347%), from €861 to €3,854
- Other operating charges +€1,150
up €1,150 (+91.3%), from €1,259 to €2,409
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 | €327,737 | €467,236 | +€139,500 | +42.6% |
| Fixed assets | 21/28 | €2,973 | €46,074 | +€43,101 | +1,450% |
| Tangible fixed assets | 22/27 | €2,973 | €46,074 | +€43,101 | +1,450% |
| Plant, machinery and equipment | 23 | - | €26,205 | +€26,205 | |
| Furniture and vehicles | 24 | €2,973 | €19,870 | +€16,897 | +568% |
| Current assets | 29/58 | €324,763 | €421,162 | +€96,399 | +29.7% |
| Stocks and contracts in progress | 3 | - | €58,754 | +€58,754 | |
| Stocks | 30/36 | - | €58,754 | +€58,754 | |
| Amounts receivable within one year | 40/41 | €319,928 | €354,745 | +€34,817 | +10.9% |
| Trade receivables | 40 | €19,245 | €19,008 | -€237 | -1.2% |
| Other amounts receivable | 41 | €300,683 | €335,737 | +€35,054 | +11.7% |
| Cash at bank and in hand | 54/58 | €4,835 | €5,219 | +€384 | +7.9% |
| Deferred charges and accrued income | 490/1 | - | €2,444 | +€2,444 | |
| Total equity and liabilities | 10/49 | €327,737 | €467,236 | +€139,500 | +42.6% |
| Equity | 10/15 | -€82,401 | €48,011 | +€130,412 | |
| Contributions | 10/11 | €95,000 | €270,000 | +€175,000 | +184% |
| Reserves | 13 | €58,316 | €58,316 | = | 0.0% |
| Tax-exempt reserves | 132 | €48,816 | €48,816 | = | 0.0% |
| Distributable reserves | 133 | €9,500 | €9,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€235,717 | -€280,305 | -€44,588 | -18.9% |
| Amounts payable | 17/49 | €410,137 | €419,225 | +€9,088 | +2.2% |
| Amounts payable after more than one year | 17 | €14,263 | €23,242 | +€8,979 | +62.9% |
| Financial debts | 170/4 | €14,263 | €23,242 | +€8,979 | +62.9% |
| Amounts payable within one year | 42/48 | €395,874 | €395,983 | +€109 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €6,000 | €9,240 | +€3,240 | +54.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €9,032 | €42,992 | +€33,960 | +376% |
| Suppliers | 440/4 | €9,032 | €42,992 | +€33,960 | +376% |
| Taxes, remuneration and social security | 45 | €7,500 | €72 | -€7,428 | -99.0% |
| Taxes | 450/3 | €4,553 | €72 | -€4,481 | -98.4% |
| Remuneration and social security | 454/9 | €2,947 | €0 | -€2,947 | -100% |
| Other amounts payable | 47/48 | €373,342 | €343,679 | -€29,663 | -7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €861 | €3,854 | +€2,992 | +347% |
| Other operating charges | 640/8 | €1,259 | €2,409 | +€1,150 | +91.3% |
| Gross operating margin | 9900 | €102,489 | -€36,115 | -€138,604 | |
| Operating profit (loss) | 9901 | €100,368 | -€42,378 | -€142,746 | |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €1,552 | €2,139 | +€588 | +37.9% |
| Recurring financial charges | 65 | €1,552 | €2,139 | +€588 | +37.9% |
| Profit (loss) for the period before taxes | 9903 | €98,817 | -€44,516 | -€143,333 | |
| Income taxes | 67/77 | - | €72 | +€72 | |
| Profit (loss) for the period | 9904 | €98,817 | -€44,588 | -€143,405 | |
| Profit (loss) for the period to be appropriated | 9905 | €98,817 | -€44,588 | -€143,405 |
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 16 October 2026 via checked.be.