Vanneste Pascal Industrial: 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 Pascal Industrial
Largest movements
- Cash +€5,917
up €5,917 (+3.6%), from €163,857 to €169,774
mainly Net result for the year (+€4,460) and Depreciation (+€2,124)
- Tangible fixed assets -€2,124
down €2,124 (-37.8%), from €5,622 to €3,498
- Profit (loss) carried forward +€4,460
up €4,460 (+5.2%), from €85,660 to €90,120
- Taxes +€3,299
up €3,299 (+2,291%), from €144 to €3,443
- Gross operating margin -€982
down €982 (-8.0%), from €12,225 to €11,243
- Depreciation -€703
down €703 (-24.9%), from €2,827 to €2,124
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 | €171,357 | €175,112 | +€3,755 | +2.2% |
| Fixed assets | 21/28 | €5,622 | €3,498 | -€2,124 | -37.8% |
| Tangible fixed assets | 22/27 | €5,622 | €3,498 | -€2,124 | -37.8% |
| Furniture and vehicles | 24 | €5,622 | €3,498 | -€2,124 | -37.8% |
| Current assets | 29/58 | €165,735 | €171,614 | +€5,879 | +3.5% |
| Stocks and contracts in progress | 3 | €1,878 | €1,592 | -€286 | -15.2% |
| Stocks | 30/36 | €1,878 | €1,592 | -€286 | -15.2% |
| Amounts receivable within one year | 40/41 | - | €248 | +€248 | |
| Trade receivables | 40 | - | €248 | +€248 | |
| Cash at bank and in hand | 54/58 | €163,857 | €169,774 | +€5,917 | +3.6% |
| Total equity and liabilities | 10/49 | €171,357 | €175,112 | +€3,755 | +2.2% |
| Equity | 10/15 | €168,360 | €172,820 | +€4,460 | +2.6% |
| Contributions | 10/11 | €53,600 | €53,600 | = | 0.0% |
| Reserves | 13 | €29,100 | €29,100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,360 | €5,360 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,360 | €5,360 | = | 0.0% |
| Distributable reserves | 133 | €23,740 | €23,740 | = | 0.0% |
| Profit (loss) carried forward | 14 | €85,660 | €90,120 | +€4,460 | +5.2% |
| Amounts payable | 17/49 | €2,997 | €2,292 | -€705 | -23.5% |
| Amounts payable within one year | 42/48 | €2,997 | €2,292 | -€705 | -23.5% |
| Trade debts | 44 | €373 | €269 | -€104 | -27.9% |
| Suppliers | 440/4 | €373 | €269 | -€104 | -27.9% |
| Taxes, remuneration and social security | 45 | €2,624 | €2,023 | -€601 | -22.9% |
| Taxes | 450/3 | €1,010 | €402 | -€608 | -60.2% |
| Remuneration and social security | 454/9 | €1,614 | €1,621 | +€7 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,827 | €2,124 | -€703 | -24.9% |
| Other operating charges | 640/8 | €1,030 | €1,059 | +€29 | +2.8% |
| Gross operating margin | 9900 | €12,225 | €11,243 | -€982 | -8.0% |
| Operating profit (loss) | 9901 | €8,368 | €8,060 | -€308 | -3.7% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €155 | €158 | +€3 | +1.9% |
| Recurring financial charges | 65 | €155 | €158 | +€3 | +1.9% |
| Profit (loss) for the period before taxes | 9903 | €8,213 | €7,903 | -€310 | -3.8% |
| Income taxes | 67/77 | €144 | €3,443 | +€3,299 | +2,291% |
| Profit (loss) for the period | 9904 | €8,069 | €4,460 | -€3,609 | -44.7% |
| Profit (loss) for the period to be appropriated | 9905 | €8,069 | €4,460 | -€3,609 | -44.7% |
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 21 October 2026 via checked.be.