VANWEZEMAEL: 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.
VANWEZEMAEL
Largest movements
- Current investments +€70,000
up €70,000 (+15.1%), from €465,000 to €535,000
- Cash +€52,938
up €52,938 (+11.6%), from €456,335 to €509,273
mainly Net result for the year (+€114,064) and Other debts (+€55,331)
- Tangible fixed assets -€29,199
down €29,199 (-27.4%), from €106,506 to €77,307
of which Furniture and vehicles: -€16,562
- Other debts +€55,331
up €55,331 (+3575.5%), from €1,548 to €56,879
- Reserves +€40,064
up €40,064 (+3.7%), from €1.1m to €1.1m
of which Distributable reserves: +€40,064
- Tax, wage and social debts +€21,928
up €21,928 (+152.2%), from €14,407 to €36,335
of which Taxes: +€13,714
- Trade debts -€21,087
down €21,087 (-53.3%), from €39,581 to €18,494
- Gross operating margin +€126,939
up €126,939 (+46.0%), from €275,817 to €402,756
- Taxes +€45,776
up €45,776 (+516.4%), from €8,865 to €54,640
- Financial income +€21,464
up €21,464 (+465.9%), from €4,607 to €26,071
- Staff costs +€6,764
up €6,764 (+3.1%), from €215,824 to €222,587
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.
Cash bridge derived
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 | €1,225,196 | €1,320,146 | +€94,950 | +7.7% |
| Fixed assets | 21/28 | €106,506 | €77,307 | -€29,199 | -27.4% |
| Tangible fixed assets | 22/27 | €106,506 | €77,307 | -€29,199 | -27.4% |
| Land and buildings | 22 | €33,114 | €25,782 | -€7,332 | -22.1% |
| Plant, machinery and equipment | 23 | €15,348 | €10,043 | -€5,305 | -34.6% |
| Furniture and vehicles | 24 | €58,044 | €41,482 | -€16,562 | -28.5% |
| Current assets | 29/58 | €1,118,690 | €1,242,839 | +€124,149 | +11.1% |
| Stocks and contracts in progress | 3 | €22,395 | €15,483 | -€6,912 | -30.9% |
| Stocks | 30/36 | €22,395 | €15,483 | -€6,912 | -30.9% |
| Amounts receivable within one year | 40/41 | €148,849 | €156,476 | +€7,627 | +5.1% |
| Trade receivables | 40 | €126,792 | €147,697 | +€20,905 | +16.5% |
| Other amounts receivable | 41 | €22,057 | €8,779 | -€13,278 | -60.2% |
| Current investments | 50/53 | €465,000 | €535,000 | +€70,000 | +15.1% |
| Cash at bank and in hand | 54/58 | €456,335 | €509,273 | +€52,938 | +11.6% |
| Deferred charges and accrued income | 490/1 | €26,111 | €26,607 | +€496 | +1.9% |
| Total equity and liabilities | 10/49 | €1,225,196 | €1,320,146 | +€94,950 | +7.7% |
| Equity | 10/15 | €1,143,374 | €1,183,438 | +€40,064 | +3.5% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Revaluation surpluses | 12 | €1,289 | €1,289 | = | 0.0% |
| Reserves | 13 | €1,069,388 | €1,109,451 | +€40,064 | +3.7% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €202,529 | €202,529 | = | 0.0% |
| Distributable reserves | 133 | €860,662 | €900,725 | +€40,064 | +4.7% |
| Profit (loss) carried forward | 14 | €10,724 | €10,724 | = | 0.0% |
| Provisions and deferred taxes | 16 | €25,000 | €25,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €25,000 | €25,000 | = | 0.0% |
| Environmental obligations | 163 | €25,000 | €25,000 | = | 0.0% |
| Amounts payable | 17/49 | €56,822 | €111,708 | +€54,886 | +96.6% |
| Amounts payable within one year | 42/48 | €55,536 | €111,708 | +€56,172 | +101.1% |
| Trade debts | 44 | €39,581 | €18,494 | -€21,087 | -53.3% |
| Suppliers | 440/4 | €39,581 | €18,494 | -€21,087 | -53.3% |
| Taxes, remuneration and social security | 45 | €14,407 | €36,335 | +€21,928 | +152.2% |
| Taxes | 450/3 | €4,164 | €17,878 | +€13,714 | +329.3% |
| Remuneration and social security | 454/9 | €10,242 | €18,457 | +€8,214 | +80.2% |
| Other amounts payable | 47/48 | €1,548 | €56,879 | +€55,331 | +3575.5% |
| Accrued charges and deferred income | 492/3 | €1,286 | - | -€1,286 | |
| Remuneration, social security and pensions | 62 | €215,824 | €222,587 | +€6,764 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,169 | €32,257 | +€1,088 | +3.5% |
| Other operating charges | 640/8 | €3,649 | €4,098 | +€449 | +12.3% |
| Gross operating margin | 9900 | €275,817 | €402,756 | +€126,939 | +46.0% |
| Operating profit (loss) | 9901 | €25,176 | €143,814 | +€118,638 | +471.2% |
| Financial income | 75/76B | €4,607 | €26,071 | +€21,464 | +465.9% |
| Recurring financial income | 75 | €4,607 | €26,071 | +€21,464 | +465.9% |
| Financial charges | 65/66B | €1,515 | €1,180 | -€334 | -22.1% |
| Recurring financial charges | 65 | €1,515 | €1,180 | -€334 | -22.1% |
| Profit (loss) for the period before taxes | 9903 | €28,267 | €168,704 | +€140,437 | +496.8% |
| Income taxes | 67/77 | €8,865 | €54,640 | +€45,776 | +516.4% |
| Profit (loss) for the period | 9904 | €19,403 | €114,064 | +€94,661 | +487.9% |
| Profit (loss) for the period to be appropriated | 9905 | €19,403 | €114,064 | +€94,661 | +487.9% |
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 12 October 2026 via checked.be.