FSK Vanhoutteghem: 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.
FSK Vanhoutteghem
Largest movements
- Receivables within one year -€38,130
down €38,130 (-34.6%), from €110,050 to €71,920
of which Other amounts receivable: -€43,923
- Tangible fixed assets -€25,283
down €25,283 (-21.5%), from €117,377 to €92,094
of which Furniture and vehicles: -€24,911
- Cash +€9,611
up €9,611 (+5.5%), from €175,158 to €184,770
mainly Receivables within one year (+€38,130) and Depreciation (+€25,283)
- Other debts -€63,700
down €63,700 (-57.0%), from €111,834 to €48,134
- Profit (loss) carried forward +€17,539
up €17,539 (+17,429%), from €101 to €17,640
- Tax, wage and social debts -€8,490
no longer reported in 2025 (was €8,490)
- Gross operating margin -€28,055
down €28,055 (-35.5%), from €78,920 to €50,865
- Taxes -€9,313
down €9,313 (-69.0%), from €13,490 to €4,176
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 | €402,586 | €348,784 | -€53,802 | -13.4% |
| Fixed assets | 21/28 | €117,377 | €92,094 | -€25,283 | -21.5% |
| Tangible fixed assets | 22/27 | €117,377 | €92,094 | -€25,283 | -21.5% |
| Land and buildings | 22 | €56,524 | €56,524 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,191 | €820 | -€372 | -31.2% |
| Furniture and vehicles | 24 | €59,662 | €34,751 | -€24,911 | -41.8% |
| Current assets | 29/58 | €285,208 | €256,690 | -€28,519 | -10.0% |
| Amounts receivable within one year | 40/41 | €110,050 | €71,920 | -€38,130 | -34.6% |
| Trade receivables | 40 | €56,206 | €62,000 | +€5,794 | +10.3% |
| Other amounts receivable | 41 | €53,844 | €9,921 | -€43,923 | -81.6% |
| Cash at bank and in hand | 54/58 | €175,158 | €184,770 | +€9,611 | +5.5% |
| Total equity and liabilities | 10/49 | €402,586 | €348,784 | -€53,802 | -13.4% |
| Equity | 10/15 | €282,262 | €299,801 | +€17,539 | +6.2% |
| Contributions | 10/11 | €43,783 | €43,783 | = | 0.0% |
| Reserves | 13 | €238,378 | €238,378 | = | 0.0% |
| Distributable reserves | 133 | €238,378 | €238,378 | = | 0.0% |
| Profit (loss) carried forward | 14 | €101 | €17,640 | +€17,539 | +17,429% |
| Amounts payable | 17/49 | €120,324 | €48,983 | -€71,340 | -59.3% |
| Amounts payable within one year | 42/48 | €120,324 | €48,983 | -€71,340 | -59.3% |
| Trade debts | 44 | - | €849 | +€849 | |
| Suppliers | 440/4 | - | €849 | +€849 | |
| Taxes, remuneration and social security | 45 | €8,490 | - | -€8,490 | |
| Taxes | 450/3 | €8,490 | - | -€8,490 | |
| Other amounts payable | 47/48 | €111,834 | €48,134 | -€63,700 | -57.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,704 | €25,283 | -€421 | -1.6% |
| Other operating charges | 640/8 | €3,343 | €3,394 | +€51 | +1.5% |
| Gross operating margin | 9900 | €78,920 | €50,865 | -€28,055 | -35.5% |
| Operating profit (loss) | 9901 | €49,874 | €22,188 | -€27,685 | -55.5% |
| Financial income | 75/76B | - | €48 | +€48 | |
| Recurring financial income | 75 | - | €48 | +€48 | |
| Financial charges | 65/66B | €208 | €521 | +€314 | +151% |
| Recurring financial charges | 65 | €208 | €521 | +€314 | +151% |
| Profit (loss) for the period before taxes | 9903 | €49,666 | €21,715 | -€27,951 | -56.3% |
| Income taxes | 67/77 | €13,490 | €4,176 | -€9,313 | -69.0% |
| Profit (loss) for the period | 9904 | €36,176 | €17,539 | -€18,637 | -51.5% |
| Profit (loss) for the period to be appropriated | 9905 | €36,176 | €17,539 | -€18,637 | -51.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.