DR. VAN HAUTHEM: 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.
DR. VAN HAUTHEM
Largest movements
- Receivables after one year +€50,000
up €50,000 (+13.8%), from €363,000 to €413,000
- Cash +€19,879
up €19,879 (+112%), from €17,767 to €37,646
mainly Net result for the year (+€52,781) and Depreciation (+€25,403)
- Tangible fixed assets -€18,103
down €18,103 (-20.3%), from €89,085 to €70,982
of which Furniture and vehicles: -€22,091
- Receivables within one year -€11,723
down €11,723 (-71.7%), from €16,344 to €4,622
- Reserves +€52,781
up €52,781 (+12.9%), from €408,440 to €461,221
- Debts after one year -€10,808
down €10,808 (-44.2%), from €24,433 to €13,625
- Gross operating margin -€44,014
down €44,014 (-32.3%), from €136,252 to €92,238
- Taxes -€6,170
down €6,170 (-23.3%), from €26,456 to €20,286
- Depreciation +€2,814
up €2,814 (+12.5%), from €22,590 to €25,403
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 | €487,226 | €527,279 | +€40,053 | +8.2% |
| Fixed assets | 21/28 | €89,335 | €71,232 | -€18,103 | -20.3% |
| Tangible fixed assets | 22/27 | €89,085 | €70,982 | -€18,103 | -20.3% |
| Plant, machinery and equipment | 23 | €8,064 | €12,052 | +€3,988 | +49.5% |
| Furniture and vehicles | 24 | €81,021 | €58,930 | -€22,091 | -27.3% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €397,892 | €456,048 | +€58,156 | +14.6% |
| Amounts receivable after more than one year | 29 | €363,000 | €413,000 | +€50,000 | +13.8% |
| Other amounts receivable | 291 | €363,000 | €413,000 | +€50,000 | +13.8% |
| Amounts receivable within one year | 40/41 | €16,344 | €4,622 | -€11,723 | -71.7% |
| Other amounts receivable | 41 | €16,344 | €4,622 | -€11,723 | -71.7% |
| Cash at bank and in hand | 54/58 | €17,767 | €37,646 | +€19,879 | +112% |
| Deferred charges and accrued income | 490/1 | €780 | €780 | = | 0.0% |
| Total equity and liabilities | 10/49 | €487,226 | €527,279 | +€40,053 | +8.2% |
| Equity | 10/15 | €439,427 | €492,208 | +€52,781 | +12.0% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €408,440 | €461,221 | +€52,781 | +12.9% |
| Distributable reserves | 133 | €408,440 | €461,221 | +€52,781 | +12.9% |
| Amounts payable | 17/49 | €47,799 | €35,071 | -€12,728 | -26.6% |
| Amounts payable after more than one year | 17 | €24,433 | €13,625 | -€10,808 | -44.2% |
| Financial debts | 170/4 | €24,433 | €13,625 | -€10,808 | -44.2% |
| Amounts payable within one year | 42/48 | €18,443 | €20,228 | +€1,785 | +9.7% |
| Current portion of amounts payable after more than one year | 42 | €10,728 | €10,808 | +€80 | +0.7% |
| Trade debts | 44 | €4,515 | €1,664 | -€2,850 | -63.1% |
| Suppliers | 440/4 | €4,515 | €1,664 | -€2,850 | -63.1% |
| Other amounts payable | 47/48 | €3,200 | €7,755 | +€4,555 | +142% |
| Accrued charges and deferred income | 492/3 | €4,924 | €1,219 | -€3,705 | -75.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,590 | €25,403 | +€2,814 | +12.5% |
| Other operating charges | 640/8 | €797 | €766 | -€31 | -3.9% |
| Non-recurring operating charges | 66A | €22,952 | - | -€22,952 | |
| Gross operating margin | 9900 | €136,252 | €92,238 | -€44,014 | -32.3% |
| Operating profit (loss) | 9901 | €89,913 | €66,069 | -€23,844 | -26.5% |
| Financial income | 75/76B | €6,800 | €7,760 | +€960 | +14.1% |
| Recurring financial income | 75 | €6,800 | €7,760 | +€960 | +14.1% |
| Financial charges | 65/66B | €562 | €762 | +€200 | +35.6% |
| Recurring financial charges | 65 | €562 | €762 | +€200 | +35.6% |
| Profit (loss) for the period before taxes | 9903 | €96,151 | €73,067 | -€23,084 | -24.0% |
| Income taxes | 67/77 | €26,456 | €20,286 | -€6,170 | -23.3% |
| Profit (loss) for the period | 9904 | €69,695 | €52,781 | -€16,914 | -24.3% |
| Profit (loss) for the period to be appropriated | 9905 | €69,695 | €52,781 | -€16,914 | -24.3% |
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 1 November 2026 via checked.be.