F. VAN HAESENDONCK: 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.
F. VAN HAESENDONCK
Largest movements
- Receivables within one year -€27,830
down €27,830 (-73.6%), from €37,803 to €9,973
of which Other amounts receivable: -€26,620
- Financial fixed assets +€12,861
up €12,861 (+82.9%), from €15,522 to €28,383
- Tangible fixed assets -€10,169
down €10,169 (-16.6%), from €61,352 to €51,183
of which Furniture and vehicles: -€14,336
- Cash -€7,332
down €7,332 (-10.5%), from €69,598 to €62,266
mainly Investment in fixed assets (net) (-€18,520) and Net result for the year (-€16,185)
- Profit (loss) carried forward -€16,185
down €16,185 (-14.5%), from €111,801 to €95,615
- Debts after one year -€12,229
down €12,229 (-31.9%), from €38,342 to €26,113
- Tax, wage and social debts -€4,121
down €4,121 (-34.4%), from €11,965 to €7,843
of which Taxes: -€3,911
- Financial charges +€13,335
up €13,335 (+238%), from €5,597 to €18,933
of which Financial charges: +€16,293
- Gross operating margin -€4,751
down €4,751 (-18.7%), from €25,410 to €20,659
- Financial income -€1,814
no longer reported in 2025 (was €1,814)
- Taxes -€1,625
down €1,625 (-72.8%), from €2,232 to €607
- Depreciation +€768
up €768 (+5.1%), from €15,059 to €15,827
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 | €186,392 | €153,421 | -€32,970 | -17.7% |
| Fixed assets | 21/28 | €76,874 | €79,566 | +€2,693 | +3.5% |
| Tangible fixed assets | 22/27 | €61,352 | €51,183 | -€10,169 | -16.6% |
| Plant, machinery and equipment | 23 | €958 | €5,125 | +€4,168 | +435% |
| Furniture and vehicles | 24 | €60,394 | €46,058 | -€14,336 | -23.7% |
| Financial fixed assets | 28 | €15,522 | €28,383 | +€12,861 | +82.9% |
| Current assets | 29/58 | €109,518 | €73,855 | -€35,663 | -32.6% |
| Amounts receivable within one year | 40/41 | €37,803 | €9,973 | -€27,830 | -73.6% |
| Trade receivables | 40 | €11,183 | €9,973 | -€1,210 | -10.8% |
| Other amounts receivable | 41 | €26,620 | - | -€26,620 | |
| Cash at bank and in hand | 54/58 | €69,598 | €62,266 | -€7,332 | -10.5% |
| Deferred charges and accrued income | 490/1 | €2,117 | €1,616 | -€501 | -23.7% |
| Total equity and liabilities | 10/49 | €186,392 | €153,421 | -€32,970 | -17.7% |
| Equity | 10/15 | €119,861 | €103,675 | -€16,185 | -13.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €111,801 | €95,615 | -€16,185 | -14.5% |
| Amounts payable | 17/49 | €66,531 | €49,746 | -€16,785 | -25.2% |
| Amounts payable after more than one year | 17 | €38,342 | €26,113 | -€12,229 | -31.9% |
| Financial debts | 170/4 | €38,342 | €26,113 | -€12,229 | -31.9% |
| Amounts payable within one year | 42/48 | €28,189 | €23,633 | -€4,556 | -16.2% |
| Current portion of amounts payable after more than one year | 42 | €11,708 | €12,229 | +€521 | +4.4% |
| Trade debts | 44 | €4,458 | €3,561 | -€897 | -20.1% |
| Suppliers | 440/4 | €4,458 | €3,561 | -€897 | -20.1% |
| Taxes, remuneration and social security | 45 | €11,965 | €7,843 | -€4,121 | -34.4% |
| Taxes | 450/3 | €11,754 | €7,843 | -€3,911 | -33.3% |
| Remuneration and social security | 454/9 | €210 | - | -€210 | |
| Other amounts payable | 47/48 | €59 | - | -€59 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,059 | €15,827 | +€768 | +5.1% |
| Other operating charges | 640/8 | €517 | €520 | +€2 | +0.5% |
| Non-recurring operating charges | 66A | - | €958 | +€958 | |
| Gross operating margin | 9900 | €25,410 | €20,659 | -€4,751 | -18.7% |
| Operating profit (loss) | 9901 | €9,834 | €3,355 | -€6,479 | -65.9% |
| Financial income | 75/76B | €1,814 | - | -€1,814 | |
| Recurring financial income | 75 | €1,814 | - | -€1,814 | |
| Financial charges | 65/66B | €5,597 | €18,933 | +€13,335 | +238% |
| Recurring financial charges | 65 | €2,640 | €18,933 | +€16,293 | +617% |
| Non-recurring financial charges | 66B | €2,957 | - | -€2,957 | |
| Profit (loss) for the period before taxes | 9903 | €6,050 | -€15,578 | -€21,628 | |
| Income taxes | 67/77 | €2,232 | €607 | -€1,625 | -72.8% |
| Profit (loss) for the period | 9904 | €3,817 | -€16,185 | -€20,003 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,817 | -€16,185 | -€20,003 |
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 18 October 2026 via checked.be.