VANNESTE MATTHIEU: 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 MATTHIEU
Largest movements
- Tangible fixed assets -€7,570
down €7,570 (-9.6%), from €78,532 to €70,962
of which Land and buildings: -€4,675
- Receivables within one year -€4,064
down €4,064 (-38.2%), from €10,652 to €6,587
of which Trade receivables: -€4,108
- Cash +€2,361
up €2,361 (+11,336%), from €21 to €2,382
mainly Depreciation (+€7,570) and Receivables within one year (+€4,064)
- Profit (loss) carried forward -€14,097
down €14,097 (-37.5%), from €37,554 to €23,457
- Trade debts +€3,631
up €3,631 (+318%), from €1,142 to €4,774
- Advances received +€1,000
new in 2025: €1,000
- Other operating charges -€1,200
down €1,200 (-39.2%), from €3,063 to €1,862
- Gross operating margin +€636
up €636 (+11.6%), from -€5,476 to -€4,841
- Financial income +€357
up €357 (+13,519%), from €3 to €360
- Depreciation -€269
down €269 (-3.4%), from €7,840 to €7,570
- Staff costs -€155
no longer reported in 2025 (was €155)
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 | €91,255 | €81,917 | -€9,338 | -10.2% |
| Fixed assets | 21/28 | €78,532 | €70,962 | -€7,570 | -9.6% |
| Tangible fixed assets | 22/27 | €78,532 | €70,962 | -€7,570 | -9.6% |
| Land and buildings | 22 | €72,600 | €67,925 | -€4,675 | -6.4% |
| Plant, machinery and equipment | 23 | €5,932 | €3,037 | -€2,895 | -48.8% |
| Current assets | 29/58 | €12,723 | €10,954 | -€1,768 | -13.9% |
| Stocks and contracts in progress | 3 | €2,050 | €1,985 | -€65 | -3.2% |
| Stocks | 30/36 | €2,050 | €1,985 | -€65 | -3.2% |
| Amounts receivable within one year | 40/41 | €10,652 | €6,587 | -€4,064 | -38.2% |
| Trade receivables | 40 | €6,508 | €2,400 | -€4,108 | -63.1% |
| Other amounts receivable | 41 | €4,144 | €4,187 | +€44 | +1.1% |
| Cash at bank and in hand | 54/58 | €21 | €2,382 | +€2,361 | +11,336% |
| Total equity and liabilities | 10/49 | €91,255 | €81,917 | -€9,338 | -10.2% |
| Equity | 10/15 | €90,014 | €75,917 | -€14,097 | -15.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €33,860 | €33,860 | = | 0.0% |
| 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 | €32,000 | €32,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,554 | €23,457 | -€14,097 | -37.5% |
| Amounts payable | 17/49 | €1,241 | €6,000 | +€4,759 | +384% |
| Amounts payable within one year | 42/48 | €1,241 | €6,000 | +€4,759 | +384% |
| Trade debts | 44 | €1,142 | €4,774 | +€3,631 | +318% |
| Suppliers | 440/4 | €1,142 | €4,774 | +€3,631 | +318% |
| Advances received on contracts in progress | 46 | - | €1,000 | +€1,000 | |
| Taxes, remuneration and social security | 45 | €98 | €226 | +€128 | +130% |
| Taxes | 450/3 | €98 | €226 | +€128 | +130% |
| Remuneration, social security and pensions | 62 | €155 | - | -€155 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,840 | €7,570 | -€269 | -3.4% |
| Other operating charges | 640/8 | €3,063 | €1,862 | -€1,200 | -39.2% |
| Gross operating margin | 9900 | -€5,476 | -€4,841 | +€636 | +11.6% |
| Operating profit (loss) | 9901 | -€16,534 | -€14,273 | +€2,261 | +13.7% |
| Financial income | 75/76B | €3 | €360 | +€357 | +13,519% |
| Recurring financial income | 75 | €3 | €360 | +€357 | +13,519% |
| Financial charges | 65/66B | €43 | €184 | +€141 | +325% |
| Recurring financial charges | 65 | €43 | €184 | +€141 | +325% |
| Profit (loss) for the period before taxes | 9903 | -€16,574 | -€14,097 | +€2,477 | +14.9% |
| Profit (loss) for the period | 9904 | -€16,574 | -€14,097 | +€2,477 | +14.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,574 | -€14,097 | +€2,477 | +14.9% |
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 25 October 2026 via checked.be.