CARL VANHOUTTE: 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.
CARL VANHOUTTE
Largest movements
- Cash -€5,846
down €5,846 (-28.1%), from €20,805 to €14,959
mainly Net result for the year (-€2,950) and Other debts (-€1,700)
- Profit (loss) carried forward -€2,950
down €2,950 (-22.5%), from -€13,111 to -€16,061
- Other debts -€1,700
down €1,700 (-65.2%), from €2,607 to €907
- Trade debts -€1,293
down €1,293 (-65.1%), from €1,986 to €692
- Gross operating margin +€4,100
up €4,100 (+65.5%), from -€6,259 to -€2,159
- Depreciation -€172
down €172 (-61.1%), from €282 to €110
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 | €23,070 | €17,127 | -€5,943 | -25.8% |
| Fixed assets | 21/28 | €2,253 | €2,144 | -€110 | -4.9% |
| Tangible fixed assets | 22/27 | €2,253 | €2,144 | -€110 | -4.9% |
| Land and buildings | 22 | €2,253 | €2,144 | -€110 | -4.9% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €20,816 | €14,983 | -€5,834 | -28.0% |
| Amounts receivable within one year | 40/41 | €11 | €23 | +€12 | +105% |
| Other amounts receivable | 41 | €11 | €23 | +€12 | +105% |
| Cash at bank and in hand | 54/58 | €20,805 | €14,959 | -€5,846 | -28.1% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €23,070 | €17,127 | -€5,943 | -25.8% |
| Equity | 10/15 | €18,477 | €15,527 | -€2,950 | -16.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €27 | €27 | = | 0.0% |
| Reserves | 13 | €12,961 | €12,961 | = | 0.0% |
| 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 | €11,101 | €11,101 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,111 | -€16,061 | -€2,950 | -22.5% |
| Amounts payable | 17/49 | €4,593 | €1,600 | -€2,993 | -65.2% |
| Amounts payable within one year | 42/48 | €4,593 | €1,600 | -€2,993 | -65.2% |
| Trade debts | 44 | €1,986 | €692 | -€1,293 | -65.1% |
| Suppliers | 440/4 | €1,986 | €692 | -€1,293 | -65.1% |
| Other amounts payable | 47/48 | €2,607 | €907 | -€1,700 | -65.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €282 | €110 | -€172 | -61.1% |
| Other operating charges | 640/8 | €532 | €543 | +€10 | +1.9% |
| Gross operating margin | 9900 | -€6,259 | -€2,159 | +€4,100 | +65.5% |
| Operating profit (loss) | 9901 | -€7,073 | -€2,811 | +€4,262 | +60.3% |
| Financial income | 75/76B | €38 | €40 | +€2 | +4.6% |
| Recurring financial income | 75 | €38 | €40 | +€2 | +4.6% |
| Financial charges | 65/66B | €189 | €179 | -€10 | -5.3% |
| Recurring financial charges | 65 | €189 | €179 | -€10 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | -€7,224 | -€2,950 | +€4,274 | +59.2% |
| Profit (loss) for the period | 9904 | -€7,224 | -€2,950 | +€4,274 | +59.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,224 | -€2,950 | +€4,274 | +59.2% |
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.