VANNEROM: what changed
VANNEROM
Largest movements
- Cash -€23,185
down €23,185 (-11.3%), from €204,890 to €181,706
mainly Net result for the year (-€38,558) and Debts after one year (-€20,324)
- Tangible fixed assets -€18,362
down €18,362 (-20.2%), from €90,764 to €72,402
- Receivables within one year -€7,990
down €7,990 (-83.3%), from €9,597 to €1,607
of which Trade receivables: -€7,627
- Stocks and contracts -€6,037
down €6,037 (-22.5%), from €26,840 to €20,803
- Reserves -€38,558
down €38,558 (-17.7%), from €218,368 to €179,810
of which Distributable reserves: -€38,558
- Debts after one year -€20,324
down €20,324 (-22.1%), from €92,023 to €71,699
- Gross operating margin -€19,881
down €19,881, from €5,156 to -€14,725
- Staff costs -€4,617
down €4,617 (-54.5%), from €8,479 to €3,862
- Depreciation -€2,751
down €2,751 (-13.0%), from €21,113 to €18,362
- Financial income +€1,097
up €1,097 (+16,304%), from €7 to €1,104
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €337,946 | €281,563 | -€56,383 | -16.7% |
| Fixed assets | 21/28 | €90,764 | €72,402 | -€18,362 | -20.2% |
| Tangible fixed assets | 22/27 | €90,764 | €72,402 | -€18,362 | -20.2% |
| Land and buildings | 22 | €37,029 | €32,821 | -€4,208 | -11.4% |
| Plant, machinery and equipment | 23 | €10,701 | €9,276 | -€1,425 | -13.3% |
| Furniture and vehicles | 24 | €10,457 | €3,421 | -€7,036 | -67.3% |
| Other tangible fixed assets | 26 | €32,577 | €26,883 | -€5,694 | -17.5% |
| Current assets | 29/58 | €247,181 | €209,161 | -€38,020 | -15.4% |
| Stocks and contracts in progress | 3 | €26,840 | €20,803 | -€6,037 | -22.5% |
| Stocks | 30/36 | €26,840 | €20,803 | -€6,037 | -22.5% |
| Amounts receivable within one year | 40/41 | €9,597 | €1,607 | -€7,990 | -83.3% |
| Trade receivables | 40 | €7,798 | €171 | -€7,627 | -97.8% |
| Other amounts receivable | 41 | €1,798 | €1,435 | -€363 | -20.2% |
| Cash at bank and in hand | 54/58 | €204,890 | €181,706 | -€23,185 | -11.3% |
| Deferred charges and accrued income | 490/1 | €5,854 | €5,046 | -€808 | -13.8% |
| Total equity and liabilities | 10/49 | €337,946 | €281,563 | -€56,383 | -16.7% |
| Equity | 10/15 | €236,968 | €198,410 | -€38,558 | -16.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €218,368 | €179,810 | -€38,558 | -17.7% |
| 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 | €216,508 | €177,950 | -€38,558 | -17.8% |
| Amounts payable | 17/49 | €100,978 | €83,153 | -€17,825 | -17.7% |
| Amounts payable after more than one year | 17 | €92,023 | €71,699 | -€20,324 | -22.1% |
| Other amounts payable | 178/9 | €92,023 | €71,699 | -€20,324 | -22.1% |
| Amounts payable within one year | 42/48 | €8,955 | €11,454 | +€2,500 | +27.9% |
| Trade debts | 44 | €2,696 | €2,422 | -€275 | -10.2% |
| Suppliers | 440/4 | €2,696 | €2,422 | -€275 | -10.2% |
| Taxes, remuneration and social security | 45 | €4,699 | €6,985 | +€2,286 | +48.7% |
| Taxes | 450/3 | €2,451 | €4,834 | +€2,383 | +97.2% |
| Remuneration and social security | 454/9 | €2,248 | €2,151 | -€97 | -4.3% |
| Other amounts payable | 47/48 | €1,559 | €2,047 | +€488 | +31.3% |
| Remuneration, social security and pensions | 62 | €8,479 | €3,862 | -€4,617 | -54.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,113 | €18,362 | -€2,751 | -13.0% |
| Other operating charges | 640/8 | €1,520 | €1,538 | +€19 | +1.2% |
| Gross operating margin | 9900 | €5,156 | -€14,725 | -€19,881 | |
| Operating profit (loss) | 9901 | -€25,956 | -€38,487 | -€12,531 | -48.3% |
| Financial income | 75/76B | €7 | €1,104 | +€1,097 | +16,304% |
| Recurring financial income | 75 | €7 | €1,104 | +€1,097 | +16,304% |
| Financial charges | 65/66B | €429 | €498 | +€69 | +16.0% |
| Recurring financial charges | 65 | €429 | €498 | +€69 | +16.0% |
| Profit (loss) for the period before taxes | 9903 | -€26,379 | -€37,881 | -€11,503 | -43.6% |
| Income taxes | 67/77 | €690 | €677 | -€13 | -1.9% |
| Profit (loss) for the period | 9904 | -€27,069 | -€38,558 | -€11,489 | -42.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,069 | -€38,558 | -€11,489 | -42.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.