F.VANDERHEYDEN: 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.
F.VANDERHEYDEN
Largest movements
- Receivables within one year +€274,433
up €274,433 (+628.4%), from €43,674 to €318,107
of which Other amounts receivable: +€280,129
- Cash -€30,702
down €30,702 (-69.3%), from €44,329 to €13,627
mainly Contributions, distributions and other (-€339,468) and Receivables within one year (-€274,433)
- Deferred charges and accrued income +€13,474
up €13,474 (+2702.2%), from €499 to €13,973
- Tangible fixed assets -€3,825
down €3,825 (-29.5%), from €12,952 to €9,127
of which Furniture and vehicles: -€2,518
- Other debts +€257,635
up €257,635 (+305.3%), from €84,399 to €342,034
- Trade debts -€4,417
down €4,417 (-81.6%), from €5,411 to €994
- Gross operating margin +€395,999
up €395,999 (+892.0%), from €44,395 to €440,394
- Taxes +€98,248
up €98,248 (+986.0%), from €9,964 to €108,213
- Financial income +€11,409
up €11,409 (+552.6%), from €2,065 to €13,474
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 | €101,454 | €354,834 | +€253,380 | +249.7% |
| Fixed assets | 21/28 | €12,952 | €9,127 | -€3,825 | -29.5% |
| Tangible fixed assets | 22/27 | €12,952 | €9,127 | -€3,825 | -29.5% |
| Plant, machinery and equipment | 23 | €4,534 | €3,227 | -€1,307 | -28.8% |
| Furniture and vehicles | 24 | €8,418 | €5,900 | -€2,518 | -29.9% |
| Current assets | 29/58 | €88,502 | €345,707 | +€257,205 | +290.6% |
| Amounts receivable within one year | 40/41 | €43,674 | €318,107 | +€274,433 | +628.4% |
| Trade receivables | 40 | €6,516 | €820 | -€5,696 | -87.4% |
| Other amounts receivable | 41 | €37,159 | €317,287 | +€280,129 | +753.9% |
| Cash at bank and in hand | 54/58 | €44,329 | €13,627 | -€30,702 | -69.3% |
| Deferred charges and accrued income | 490/1 | €499 | €13,973 | +€13,474 | +2702.2% |
| Total equity and liabilities | 10/49 | €101,454 | €354,834 | +€253,380 | +249.7% |
| Equity | 10/15 | €6,544 | €6,544 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €1,544 | €1,544 | = | 0.0% |
| Distributable reserves | 133 | €1,544 | €1,544 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €94,910 | €348,290 | +€253,380 | +267.0% |
| Amounts payable within one year | 42/48 | €94,910 | €348,290 | +€253,380 | +267.0% |
| Trade debts | 44 | €5,411 | €994 | -€4,417 | -81.6% |
| Suppliers | 440/4 | €5,411 | €994 | -€4,417 | -81.6% |
| Taxes, remuneration and social security | 45 | €5,100 | €5,262 | +€162 | +3.2% |
| Taxes | 450/3 | €5,100 | €5,262 | +€162 | +3.2% |
| Other amounts payable | 47/48 | €84,399 | €342,034 | +€257,635 | +305.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,294 | €3,825 | +€532 | +16.1% |
| Other operating charges | 640/8 | €845 | €2,160 | +€1,315 | +155.5% |
| Gross operating margin | 9900 | €44,395 | €440,394 | +€395,999 | +892.0% |
| Operating profit (loss) | 9901 | €40,256 | €434,409 | +€394,152 | +979.1% |
| Financial income | 75/76B | €2,065 | €13,474 | +€11,409 | +552.6% |
| Recurring financial income | 75 | €2,065 | €13,474 | +€11,409 | +552.6% |
| Financial charges | 65/66B | €204 | €202 | -€2 | -0.8% |
| Recurring financial charges | 65 | €204 | €202 | -€2 | -0.8% |
| Profit (loss) for the period before taxes | 9903 | €42,117 | €447,681 | +€405,563 | +962.9% |
| Income taxes | 67/77 | €9,964 | €108,213 | +€98,248 | +986.0% |
| Profit (loss) for the period | 9904 | €32,153 | €339,468 | +€307,315 | +955.8% |
| Profit (loss) for the period to be appropriated | 9905 | €32,153 | €339,468 | +€307,315 | +955.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.