VANNESTE LOGISTICS: 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 LOGISTICS
Largest movements
- Tangible fixed assets -€177,591
down €177,591 (-15.8%), from €1.1m to €944,537
of which Leasing and similar rights: -€164,136
- Debts after one year -€275,275
down €275,275 (-9.0%), from €3.1m to €2.8m
of which Financial debts: -€249,737
- Reserves +€61,589
up €61,589 (+13.3%), from €462,864 to €524,453
- Financial charges -€47,196
down €47,196 (-45.2%), from €104,384 to €57,189
- Taxes +€13,030
up €13,030 (+130%), from €10,037 to €23,067
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 | €4,670,597 | €4,491,813 | -€178,784 | -3.8% |
| Fixed assets | 21/28 | €4,579,711 | €4,402,120 | -€177,591 | -3.9% |
| Tangible fixed assets | 22/27 | €1,122,128 | €944,537 | -€177,591 | -15.8% |
| Land and buildings | 22 | €556,201 | €542,746 | -€13,455 | -2.4% |
| Leasing and similar rights | 25 | €565,927 | €401,791 | -€164,136 | -29.0% |
| Financial fixed assets | 28 | €3,457,583 | €3,457,583 | = | 0.0% |
| Current assets | 29/58 | €90,886 | €89,693 | -€1,193 | -1.3% |
| Amounts receivable within one year | 40/41 | €56,943 | €78,893 | +€21,950 | +38.5% |
| Trade receivables | 40 | €45,980 | €76,960 | +€30,980 | +67.4% |
| Other amounts receivable | 41 | €10,963 | €1,933 | -€9,030 | -82.4% |
| Cash at bank and in hand | 54/58 | €32,340 | €9,382 | -€22,958 | -71.0% |
| Deferred charges and accrued income | 490/1 | €1,603 | €1,418 | -€186 | -11.6% |
| Total equity and liabilities | 10/49 | €4,670,597 | €4,491,813 | -€178,784 | -3.8% |
| Equity | 10/15 | €470,864 | €532,453 | +€61,589 | +13.1% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €462,864 | €524,453 | +€61,589 | +13.3% |
| Distributable reserves | 133 | €462,864 | €524,453 | +€61,589 | +13.3% |
| Amounts payable | 17/49 | €4,199,733 | €3,959,360 | -€240,373 | -5.7% |
| Amounts payable after more than one year | 17 | €3,074,577 | €2,799,301 | -€275,275 | -9.0% |
| Financial debts | 170/4 | €1,007,939 | €758,201 | -€249,737 | -24.8% |
| Other amounts payable | 178/9 | €2,066,638 | €2,041,100 | -€25,538 | -1.2% |
| Amounts payable within one year | 42/48 | €1,125,156 | €1,160,058 | +€34,902 | +3.1% |
| Current portion of amounts payable after more than one year | 42 | €243,770 | €249,737 | +€5,968 | +2.4% |
| Trade debts | 44 | €27,548 | €7,763 | -€19,785 | -71.8% |
| Suppliers | 440/4 | €27,548 | €7,763 | -€19,785 | -71.8% |
| Taxes, remuneration and social security | 45 | €20,915 | €27,910 | +€6,995 | +33.4% |
| Taxes | 450/3 | €17,845 | €27,910 | +€10,065 | +56.4% |
| Remuneration and social security | 454/9 | €3,070 | - | -€3,070 | |
| Other amounts payable | 47/48 | €832,924 | €874,648 | +€41,724 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €177,591 | €177,591 | = | 0.0% |
| Other operating charges | 640/8 | €4,381 | €6,302 | +€1,921 | +43.8% |
| Gross operating margin | 9900 | €323,269 | €325,738 | +€2,468 | +0.8% |
| Operating profit (loss) | 9901 | €141,297 | €141,844 | +€547 | +0.4% |
| Financial charges | 65/66B | €104,384 | €57,189 | -€47,196 | -45.2% |
| Recurring financial charges | 65 | €104,384 | €57,189 | -€47,196 | -45.2% |
| Profit (loss) for the period before taxes | 9903 | €36,913 | €84,656 | +€47,743 | +129% |
| Income taxes | 67/77 | €10,037 | €23,067 | +€13,030 | +130% |
| Profit (loss) for the period | 9904 | €26,875 | €61,589 | +€34,714 | +129% |
| Profit (loss) for the period to be appropriated | 9905 | €26,875 | €61,589 | +€34,714 | +129% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.