A E & S VAN HOECK: what changed
Two fiscal 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.
A E & S VAN HOECK
Largest movements
- Tangible fixed assets -€25,050
down €25,050 (-20.5%), from €122,257 to €97,207
of which Furniture and vehicles: -€20,031
- Stocks and contracts +€20,117
up €20,117 (+24.4%), from €82,322 to €102,439
- Cash +€12,937
up €12,937 (+29.6%), from €43,745 to €56,681
mainly Depreciation (+€32,447) and Net result for the year (+€27,365)
- Receivables within one year +€11,213
up €11,213 (+5.9%), from €189,965 to €201,178
of which Trade receivables: +€22,225
- Reserves +€27,365
up €27,365 (+8.3%), from €329,412 to €356,776
of which Distributable reserves: +€27,365
- Debts after one year -€19,739
down €19,739 (-29.2%), from €67,508 to €47,769
- Trade debts +€5,648
up €5,648 (+48.5%), from €11,656 to €17,305
- Gross operating margin -€17,990
down €17,990 (-19.1%), from €94,436 to €76,446
- Taxes -€5,086
down €5,086 (-30.4%), from €16,741 to €11,654
- Depreciation +€4,674
up €4,674 (+16.8%), from €27,773 to €32,447
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 | €440,904 | €459,899 | +€18,995 | +4.3% |
| Fixed assets | 21/28 | €122,532 | €97,482 | -€25,050 | -20.4% |
| Tangible fixed assets | 22/27 | €122,257 | €97,207 | -€25,050 | -20.5% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €16,798 | €11,779 | -€5,019 | -29.9% |
| Furniture and vehicles | 24 | €105,459 | €85,428 | -€20,031 | -19.0% |
| Financial fixed assets | 28 | €275 | €275 | = | 0.0% |
| Current assets | 29/58 | €318,372 | €362,417 | +€44,045 | +13.8% |
| Stocks and contracts in progress | 3 | €82,322 | €102,439 | +€20,117 | +24.4% |
| Stocks | 30/36 | €82,322 | €102,439 | +€20,117 | +24.4% |
| Amounts receivable within one year | 40/41 | €189,965 | €201,178 | +€11,213 | +5.9% |
| Trade receivables | 40 | €170,948 | €193,173 | +€22,225 | +13.0% |
| Other amounts receivable | 41 | €19,016 | €8,004 | -€11,012 | -57.9% |
| Cash at bank and in hand | 54/58 | €43,745 | €56,681 | +€12,937 | +29.6% |
| Deferred charges and accrued income | 490/1 | €2,340 | €2,119 | -€221 | -9.4% |
| Total equity and liabilities | 10/49 | €440,904 | €459,899 | +€18,995 | +4.3% |
| Equity | 10/15 | €338,088 | €365,453 | +€27,365 | +8.1% |
| Contributions | 10/11 | €8,676 | €8,676 | = | 0.0% |
| Reserves | 13 | €329,412 | €356,776 | +€27,365 | +8.3% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €327,552 | €354,917 | +€27,365 | +8.4% |
| Amounts payable | 17/49 | €102,816 | €94,446 | -€8,370 | -8.1% |
| Amounts payable after more than one year | 17 | €67,508 | €47,769 | -€19,739 | -29.2% |
| Financial debts | 170/4 | €67,508 | €47,769 | -€19,739 | -29.2% |
| Amounts payable within one year | 42/48 | €35,308 | €44,577 | +€9,269 | +26.3% |
| Current portion of amounts payable after more than one year | 42 | €18,877 | €19,739 | +€862 | +4.6% |
| Financial debts | 43 | €4,519 | €4,505 | -€14 | -0.3% |
| Credit institutions | 430/8 | €4,519 | €4,505 | -€14 | -0.3% |
| Trade debts | 44 | €11,656 | €17,305 | +€5,648 | +48.5% |
| Suppliers | 440/4 | €11,656 | €17,305 | +€5,648 | +48.5% |
| Taxes, remuneration and social security | 45 | €256 | €0 | -€256 | -100.0% |
| Taxes | 450/3 | €256 | €0 | -€256 | -100.0% |
| Other amounts payable | 47/48 | €0 | €3,029 | +€3,029 | |
| Accrued charges and deferred income | 492/3 | - | €2,100 | +€2,100 | |
| Non-recurring operating income | 76A | €4,667 | €0 | -€4,667 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,773 | €32,447 | +€4,674 | +16.8% |
| Other operating charges | 640/8 | €950 | €750 | -€199 | -21.0% |
| Gross operating margin | 9900 | €94,436 | €76,446 | -€17,990 | -19.1% |
| Operating profit (loss) | 9901 | €65,713 | €43,249 | -€22,465 | -34.2% |
| Financial income | 75/76B | €2 | €0 | -€1 | -78.4% |
| Recurring financial income | 75 | €2 | €0 | -€1 | -78.4% |
| Financial charges | 65/66B | €4,230 | €4,230 | -€1 | 0.0% |
| Recurring financial charges | 65 | €4,230 | €4,230 | -€1 | 0.0% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €61,484 | €39,019 | -€22,465 | -36.5% |
| Income taxes | 67/77 | €16,741 | €11,654 | -€5,086 | -30.4% |
| Profit (loss) for the period | 9904 | €44,744 | €27,365 | -€17,379 | -38.8% |
| Profit (loss) for the period to be appropriated | 9905 | €44,744 | €27,365 | -€17,379 | -38.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.