VANNESTE - ROELENS: 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 - ROELENS
Largest movements
- Current investments -€69,981
no longer reported in 2025 (was €69,981)
- Cash +€59,293
up €59,293 (+149%), from €39,673 to €98,967
mainly Current investments (+€69,981) and Depreciation (+€9,429)
- Tangible fixed assets -€9,429
down €9,429 (-75.6%), from €12,475 to €3,046
- Receivables within one year -€6,935
down €6,935 (-65.1%), from €10,653 to €3,718
of which Trade receivables: -€10,653
- Deferred charges and accrued income +€1,382
new in 2025: €1,382
- Other debts -€20,307
no longer reported in 2025 (was €20,307)
- Tax, wage and social debts -€1,794
down €1,794 (-25.1%), from €7,142 to €5,348
- Accrued charges and deferred income -€1,409
down €1,409 (-70.1%), from €2,009 to €600
- Gross operating margin -€42,232
down €42,232 (-82.2%), from €51,358 to €9,126
- Taxes -€11,537
down €11,537 (-85.0%), from €13,575 to €2,038
- Financial charges -€1,869
down €1,869 (-93.6%), from €1,997 to €128
- Depreciation -€1,364
down €1,364 (-12.6%), from €10,793 to €9,429
- Financial income +€1,192
up €1,192 (+155%), from €768 to €1,960
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 | €132,783 | €107,113 | -€25,670 | -19.3% |
| Fixed assets | 21/28 | €12,475 | €3,046 | -€9,429 | -75.6% |
| Tangible fixed assets | 22/27 | €12,475 | €3,046 | -€9,429 | -75.6% |
| Furniture and vehicles | 24 | €12,475 | €3,046 | -€9,429 | -75.6% |
| Current assets | 29/58 | €120,307 | €104,067 | -€16,240 | -13.5% |
| Amounts receivable within one year | 40/41 | €10,653 | €3,718 | -€6,935 | -65.1% |
| Trade receivables | 40 | €10,653 | - | -€10,653 | |
| Other amounts receivable | 41 | - | €3,718 | +€3,718 | |
| Current investments | 50/53 | €69,981 | - | -€69,981 | |
| Cash at bank and in hand | 54/58 | €39,673 | €98,967 | +€59,293 | +149% |
| Deferred charges and accrued income | 490/1 | - | €1,382 | +€1,382 | |
| Total equity and liabilities | 10/49 | €132,783 | €107,113 | -€25,670 | -19.3% |
| Equity | 10/15 | €99,825 | €98,990 | -€835 | -0.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €94,825 | €94,825 | = | 0.0% |
| Distributable reserves | 133 | €94,825 | €94,825 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€835 | -€835 | |
| Amounts payable | 17/49 | €32,957 | €8,123 | -€24,835 | -75.4% |
| Amounts payable within one year | 42/48 | €30,948 | €7,523 | -€23,426 | -75.7% |
| Trade debts | 44 | €3,500 | €2,175 | -€1,325 | -37.9% |
| Suppliers | 440/4 | €3,500 | €2,175 | -€1,325 | -37.9% |
| Taxes, remuneration and social security | 45 | €7,142 | €5,348 | -€1,794 | -25.1% |
| Taxes | 450/3 | €7,142 | €5,348 | -€1,794 | -25.1% |
| Other amounts payable | 47/48 | €20,307 | - | -€20,307 | |
| Accrued charges and deferred income | 492/3 | €2,009 | €600 | -€1,409 | -70.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,793 | €9,429 | -€1,364 | -12.6% |
| Other operating charges | 640/8 | €528 | €325 | -€202 | -38.4% |
| Gross operating margin | 9900 | €51,358 | €9,126 | -€42,232 | -82.2% |
| Operating profit (loss) | 9901 | €40,038 | -€629 | -€40,666 | |
| Financial income | 75/76B | €768 | €1,960 | +€1,192 | +155% |
| Recurring financial income | 75 | €768 | €1,960 | +€1,192 | +155% |
| Financial charges | 65/66B | €1,997 | €128 | -€1,869 | -93.6% |
| Recurring financial charges | 65 | €1,997 | €128 | -€1,869 | -93.6% |
| Profit (loss) for the period before taxes | 9903 | €38,809 | €1,203 | -€37,606 | -96.9% |
| Income taxes | 67/77 | €13,575 | €2,038 | -€11,537 | -85.0% |
| Profit (loss) for the period | 9904 | €25,234 | -€835 | -€26,069 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,234 | -€835 | -€26,069 |
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 23 October 2026 via checked.be.