VANNESTE TRADING: 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 TRADING
Largest movements
- Cash -€101,982
down €101,982 (-43.2%), from €235,881 to €133,899
mainly Investment in fixed assets (net) (-€64,292) and Receivables within one year (-€50,549)
- Receivables within one year +€50,549
up €50,549 (+707%), from €7,146 to €57,695
of which Other amounts receivable: +€27,559
- Tangible fixed assets +€18,663
up €18,663 (+2.7%), from €692,378 to €711,041
of which Land and buildings: +€27,672
- Debts after one year -€34,280
down €34,280 (-13.3%), from €257,730 to €223,450
of which Financial debts: -€34,280
- Other debts +€23,573
up €23,573 (+53.9%), from €43,762 to €67,335
- Reserves -€13,141
down €13,141 (-3.2%), from €416,259 to €403,119
- Gross operating margin -€64,181
down €64,181 (-39.0%), from €164,552 to €100,371
- Taxes -€20,413
down €20,413 (-62.1%), from €32,854 to €12,441
- Depreciation +€5,554
up €5,554 (+13.9%), from €40,074 to €45,629
- Financial income +€1,841
up €1,841 (+27.7%), from €6,656 to €8,497
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 | €935,405 | €902,635 | -€32,770 | -3.5% |
| Fixed assets | 21/28 | €692,378 | €711,041 | +€18,663 | +2.7% |
| Tangible fixed assets | 22/27 | €692,378 | €711,041 | +€18,663 | +2.7% |
| Land and buildings | 22 | €679,162 | €706,835 | +€27,672 | +4.1% |
| Furniture and vehicles | 24 | €13,216 | €4,206 | -€9,009 | -68.2% |
| Current assets | 29/58 | €243,027 | €191,594 | -€51,433 | -21.2% |
| Amounts receivable within one year | 40/41 | €7,146 | €57,695 | +€50,549 | +707% |
| Trade receivables | 40 | - | €22,990 | +€22,990 | |
| Other amounts receivable | 41 | €7,146 | €34,705 | +€27,559 | +386% |
| Cash at bank and in hand | 54/58 | €235,881 | €133,899 | -€101,982 | -43.2% |
| Total equity and liabilities | 10/49 | €935,405 | €902,635 | -€32,770 | -3.5% |
| Equity | 10/15 | €564,259 | €551,119 | -€13,141 | -2.3% |
| Contributions | 10/11 | €148,000 | €148,000 | = | 0.0% |
| Reserves | 13 | €416,259 | €403,119 | -€13,141 | -3.2% |
| Distributable reserves | 133 | €416,259 | €403,119 | -€13,141 | -3.2% |
| Amounts payable | 17/49 | €371,146 | €351,516 | -€19,630 | -5.3% |
| Amounts payable after more than one year | 17 | €257,730 | €223,450 | -€34,280 | -13.3% |
| Financial debts | 170/4 | €255,930 | €221,650 | -€34,280 | -13.4% |
| Other amounts payable | 178/9 | €1,800 | €1,800 | = | 0.0% |
| Amounts payable within one year | 42/48 | €110,429 | €124,310 | +€13,881 | +12.6% |
| Current portion of amounts payable after more than one year | 42 | €34,107 | €34,280 | +€173 | +0.5% |
| Trade debts | 44 | €11,552 | €8,164 | -€3,387 | -29.3% |
| Suppliers | 440/4 | €11,552 | €8,164 | -€3,387 | -29.3% |
| Taxes, remuneration and social security | 45 | €21,009 | €14,531 | -€6,479 | -30.8% |
| Taxes | 450/3 | €21,009 | €14,531 | -€6,479 | -30.8% |
| Other amounts payable | 47/48 | €43,762 | €67,335 | +€23,573 | +53.9% |
| Accrued charges and deferred income | 492/3 | €2,986 | €3,756 | +€770 | +25.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,074 | €45,629 | +€5,554 | +13.9% |
| Other operating charges | 640/8 | €3,354 | €4,678 | +€1,325 | +39.5% |
| Gross operating margin | 9900 | €164,552 | €100,371 | -€64,181 | -39.0% |
| Operating profit (loss) | 9901 | €121,124 | €50,064 | -€71,060 | -58.7% |
| Financial income | 75/76B | €6,656 | €8,497 | +€1,841 | +27.7% |
| Recurring financial income | 75 | €6,656 | €8,497 | +€1,841 | +27.7% |
| Financial charges | 65/66B | €10,725 | €10,632 | -€93 | -0.9% |
| Recurring financial charges | 65 | €10,725 | €10,632 | -€93 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | €117,055 | €47,929 | -€69,126 | -59.1% |
| Income taxes | 67/77 | €32,854 | €12,441 | -€20,413 | -62.1% |
| Profit (loss) for the period | 9904 | €84,201 | €35,488 | -€48,713 | -57.9% |
| Profit (loss) for the period to be appropriated | 9905 | €84,201 | €35,488 | -€48,713 | -57.9% |
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 20 October 2026 via checked.be.