VANNESTE CHRISTOPHE: 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 CHRISTOPHE
Largest movements
- Tangible fixed assets +€113,516
up €113,516 (+17.4%), from €653,305 to €766,820
of which Furniture and vehicles: +€146,128
- Receivables within one year +€30,216
up €30,216 (+22.1%), from €137,031 to €167,247
of which Other amounts receivable: +€51,977
- Debts after one year +€133,054
up €133,054 (+26.9%), from €493,768 to €626,822
- Reserves +€26,621
up €26,621 (+18.8%), from €141,722 to €168,343
- Other debts +€18,141
up €18,141 (+2,112%), from €859 to €19,000
- Short-term financial debts -€17,431
down €17,431 (-100%), from €17,431 to €0
- Trade debts -€13,597
down €13,597 (-31.8%), from €42,738 to €29,141
- Depreciation -€26,260
down €26,260 (-24.6%), from €106,774 to €80,514
- Gross operating margin +€14,849
up €14,849 (+10.3%), from €143,763 to €158,612
- Write-downs +€6,384
new in 2025: €6,384
- Staff costs -€3,152
down €3,152 (-99.3%), from €3,175 to €24
- Taxes +€2,558
new in 2025: €2,558
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 | €809,165 | €961,942 | +€152,777 | +18.9% |
| Fixed assets | 21/28 | €653,305 | €766,821 | +€113,516 | +17.4% |
| Intangible fixed assets | 21 | €0 | €0 | -€0 | -33.3% |
| Tangible fixed assets | 22/27 | €653,305 | €766,820 | +€113,516 | +17.4% |
| Land and buildings | 22 | €466,817 | €459,106 | -€7,711 | -1.7% |
| Plant, machinery and equipment | 23 | €24,305 | €41,832 | +€17,527 | +72.1% |
| Furniture and vehicles | 24 | €8,277 | €154,406 | +€146,128 | +1,765% |
| Leasing and similar rights | 25 | €153,905 | €111,477 | -€42,429 | -27.6% |
| Current assets | 29/58 | €155,860 | €195,121 | +€39,261 | +25.2% |
| Amounts receivable within one year | 40/41 | €137,031 | €167,247 | +€30,216 | +22.1% |
| Trade receivables | 40 | €112,373 | €90,612 | -€21,761 | -19.4% |
| Other amounts receivable | 41 | €24,658 | €76,635 | +€51,977 | +211% |
| Cash at bank and in hand | 54/58 | €11,234 | €19,264 | +€8,030 | +71.5% |
| Deferred charges and accrued income | 490/1 | €7,595 | €8,611 | +€1,015 | +13.4% |
| Total equity and liabilities | 10/49 | €809,165 | €961,942 | +€152,777 | +18.9% |
| Equity | 10/15 | €162,397 | €188,143 | +€25,746 | +15.9% |
| Contributions | 10/11 | €19,800 | €19,800 | = | 0.0% |
| Reserves | 13 | €141,722 | €168,343 | +€26,621 | +18.8% |
| Distributable reserves | 133 | €141,722 | €168,343 | +€26,621 | +18.8% |
| Profit (loss) carried forward | 14 | €874 | €0 | -€874 | -100% |
| Amounts payable | 17/49 | €646,768 | €773,799 | +€127,031 | +19.6% |
| Amounts payable after more than one year | 17 | €493,768 | €626,822 | +€133,054 | +26.9% |
| Financial debts | 170/4 | €493,768 | €626,822 | +€133,054 | +26.9% |
| Amounts payable within one year | 42/48 | €150,381 | €141,821 | -€8,560 | -5.7% |
| Current portion of amounts payable after more than one year | 42 | €81,905 | €91,019 | +€9,114 | +11.1% |
| Financial debts | 43 | €17,431 | €0 | -€17,431 | -100% |
| Credit institutions | 430/8 | €17,431 | €0 | -€17,431 | -100% |
| Trade debts | 44 | €42,738 | €29,141 | -€13,597 | -31.8% |
| Suppliers | 440/4 | €42,738 | €29,141 | -€13,597 | -31.8% |
| Taxes, remuneration and social security | 45 | €7,448 | €2,661 | -€4,787 | -64.3% |
| Taxes | 450/3 | €7,032 | €2,661 | -€4,370 | -62.1% |
| Remuneration and social security | 454/9 | €417 | €0 | -€417 | -100% |
| Other amounts payable | 47/48 | €859 | €19,000 | +€18,141 | +2,112% |
| Accrued charges and deferred income | 492/3 | €2,619 | €5,156 | +€2,537 | +96.8% |
| Non-recurring operating income | 76A | - | €9,368 | +€9,368 | |
| Remuneration, social security and pensions | 62 | €3,175 | €24 | -€3,152 | -99.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €106,774 | €80,514 | -€26,260 | -24.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €6,384 | +€6,384 | |
| Other operating charges | 640/8 | €3,668 | €3,293 | -€375 | -10.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €143,763 | €158,612 | +€14,849 | +10.3% |
| Operating profit (loss) | 9901 | €30,146 | €68,398 | +€38,252 | +127% |
| Financial income | 75/76B | €1,521 | €2,139 | +€619 | +40.7% |
| Recurring financial income | 75 | €1,521 | €2,139 | +€619 | +40.7% |
| Financial charges | 65/66B | €24,052 | €23,233 | -€819 | -3.4% |
| Recurring financial charges | 65 | €24,052 | €23,233 | -€819 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | €7,614 | €47,304 | +€39,690 | +521% |
| Income taxes | 67/77 | - | €2,558 | +€2,558 | |
| Profit (loss) for the period | 9904 | €7,614 | €44,746 | +€37,132 | +488% |
| Profit (loss) for the period to be appropriated | 9905 | €7,614 | €44,746 | +€37,132 | +488% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.