GROEP VANHEE: 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.
GROEP VANHEE
Largest movements
- Receivables within one year +€129,472
up €129,472 (+2.0%), from €6.4m to €6.6m
- Reserves +€89,368
up €89,368 (+1.7%), from €5.2m to €5.3m
- Gross operating margin +€70,375
up €70,375 (+68.4%), from -€102,888 to -€32,512
- Financial income -€23,218
down €23,218 (-10.8%), from €214,522 to €191,303
- Taxes +€12,797
up €12,797 (+71.9%), from €17,805 to €30,601
- Financial charges -€2,289
down €2,289 (-8.6%), from €26,495 to €24,206
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,574,965 | €7,681,468 | +€106,503 | +1.4% |
| Fixed assets | 21/28 | €954,239 | €941,088 | -€13,150 | -1.4% |
| Tangible fixed assets | 22/27 | €28,760 | €15,609 | -€13,150 | -45.7% |
| Furniture and vehicles | 24 | €28,760 | €15,609 | -€13,150 | -45.7% |
| Financial fixed assets | 28 | €925,479 | €925,479 | = | 0.0% |
| Current assets | 29/58 | €6,620,727 | €6,740,380 | +€119,653 | +1.8% |
| Stocks and contracts in progress | 3 | €1,265 | €843 | -€422 | -33.3% |
| Stocks | 30/36 | €1,265 | €843 | -€422 | -33.3% |
| Amounts receivable within one year | 40/41 | €6,445,135 | €6,574,607 | +€129,472 | +2.0% |
| Other amounts receivable | 41 | €6,445,135 | €6,574,607 | +€129,472 | +2.0% |
| Cash at bank and in hand | 54/58 | €174,327 | €164,561 | -€9,767 | -5.6% |
| Deferred charges and accrued income | 490/1 | - | €369 | +€369 | |
| Total equity and liabilities | 10/49 | €7,574,965 | €7,681,468 | +€106,503 | +1.4% |
| Equity | 10/15 | €6,500,559 | €6,589,927 | +€89,368 | +1.4% |
| Contributions | 10/11 | €1,319,447 | €1,319,447 | = | 0.0% |
| Reserves | 13 | €5,181,112 | €5,270,481 | +€89,368 | +1.7% |
| Distributable reserves | 133 | €5,181,112 | €5,270,481 | +€89,368 | +1.7% |
| Amounts payable | 17/49 | €1,074,406 | €1,091,541 | +€17,135 | +1.6% |
| Amounts payable within one year | 42/48 | €1,074,406 | €1,091,541 | +€17,135 | +1.6% |
| Trade debts | 44 | €2,767 | €809 | -€1,957 | -70.7% |
| Suppliers | 440/4 | €2,767 | €809 | -€1,957 | -70.7% |
| Taxes, remuneration and social security | 45 | - | €500 | +€500 | |
| Taxes | 450/3 | - | €500 | +€500 | |
| Other amounts payable | 47/48 | €1,071,640 | €1,090,232 | +€18,592 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,150 | €13,150 | = | 0.0% |
| Other operating charges | 640/8 | €1,404 | €1,466 | +€61 | +4.3% |
| Gross operating margin | 9900 | -€102,888 | -€32,512 | +€70,375 | +68.4% |
| Operating profit (loss) | 9901 | -€117,443 | -€47,128 | +€70,314 | +59.9% |
| Financial income | 75/76B | €214,522 | €191,303 | -€23,218 | -10.8% |
| Recurring financial income | 75 | €214,522 | €191,303 | -€23,218 | -10.8% |
| Financial charges | 65/66B | €26,495 | €24,206 | -€2,289 | -8.6% |
| Recurring financial charges | 65 | €26,495 | €24,206 | -€2,289 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €70,584 | €119,970 | +€49,385 | +70.0% |
| Income taxes | 67/77 | €17,805 | €30,601 | +€12,797 | +71.9% |
| Profit (loss) for the period | 9904 | €52,780 | €89,368 | +€36,589 | +69.3% |
| Profit (loss) for the period to be appropriated | 9905 | €52,780 | €89,368 | +€36,589 | +69.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.