Group Vanhie: 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.
Group Vanhie
Largest movements
- Cash +€287,451
up €287,451 (+11,318%), from €2,540 to €289,990
mainly Receivables within one year (+€182,453) and Other debts (+€82,597)
- Receivables within one year -€182,453
down €182,453 (-91.8%), from €198,742 to €16,288
of which Other amounts receivable: -€110,355
- Tangible fixed assets -€31,193
down €31,193 (-9.2%), from €338,449 to €307,256
of which Furniture and vehicles: -€29,783
- Other debts +€82,597
new in 2025: €82,597
- Reserves +€31,831
up €31,831 (+6.4%), from €493,532 to €525,363
- Trade debts -€25,721
down €25,721 (-98.4%), from €26,143 to €422
- Current portion of long-term debt -€11,511
no longer reported in 2025 (was €11,511)
- Gross operating margin +€52,932
up €52,932 (+383%), from €13,825 to €66,757
- Other operating charges +€25,405
up €25,405 (+1,847%), from €1,375 to €26,780
- Depreciation -€12,064
down €12,064 (-89.1%), from €13,546 to €1,482
- Taxes +€3,138
up €3,138 (+7,027%), from €45 to €3,183
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 | €570,630 | €644,434 | +€73,804 | +12.9% |
| Fixed assets | 21/28 | €369,349 | €338,156 | -€31,193 | -8.4% |
| Tangible fixed assets | 22/27 | €338,449 | €307,256 | -€31,193 | -9.2% |
| Land and buildings | 22 | €308,666 | €307,256 | -€1,410 | -0.5% |
| Furniture and vehicles | 24 | €29,783 | - | -€29,783 | |
| Financial fixed assets | 28 | €30,900 | €30,900 | = | 0.0% |
| Current assets | 29/58 | €201,281 | €306,278 | +€104,997 | +52.2% |
| Amounts receivable within one year | 40/41 | €198,742 | €16,288 | -€182,453 | -91.8% |
| Trade receivables | 40 | €77,545 | €5,446 | -€72,099 | -93.0% |
| Other amounts receivable | 41 | €121,197 | €10,842 | -€110,355 | -91.1% |
| Cash at bank and in hand | 54/58 | €2,540 | €289,990 | +€287,451 | +11,318% |
| Total equity and liabilities | 10/49 | €570,630 | €644,434 | +€73,804 | +12.9% |
| Equity | 10/15 | €527,119 | €561,363 | +€34,244 | +6.5% |
| Contributions | 10/11 | €36,000 | €36,000 | = | 0.0% |
| Reserves | 13 | €493,532 | €525,363 | +€31,831 | +6.4% |
| Distributable reserves | 133 | €493,532 | €525,363 | +€31,831 | +6.4% |
| Profit (loss) carried forward | 14 | -€2,413 | - | +€2,413 | |
| Amounts payable | 17/49 | €43,511 | €83,071 | +€39,560 | +90.9% |
| Amounts payable after more than one year | 17 | €5,857 | - | -€5,857 | |
| Financial debts | 170/4 | €5,857 | - | -€5,857 | |
| Amounts payable within one year | 42/48 | €37,654 | €83,071 | +€45,417 | +121% |
| Current portion of amounts payable after more than one year | 42 | €11,511 | - | -€11,511 | |
| Trade debts | 44 | €26,143 | €422 | -€25,721 | -98.4% |
| Suppliers | 440/4 | €26,143 | €422 | -€25,721 | -98.4% |
| Taxes, remuneration and social security | 45 | - | €53 | +€53 | |
| Taxes | 450/3 | - | €53 | +€53 | |
| Other amounts payable | 47/48 | - | €82,597 | +€82,597 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,546 | €1,482 | -€12,064 | -89.1% |
| Other operating charges | 640/8 | €1,375 | €26,780 | +€25,405 | +1,847% |
| Gross operating margin | 9900 | €13,825 | €66,757 | +€52,932 | +383% |
| Operating profit (loss) | 9901 | -€1,096 | €38,496 | +€39,592 | |
| Financial income | 75/76B | €149 | €84 | -€65 | -43.4% |
| Recurring financial income | 75 | €149 | €84 | -€65 | -43.4% |
| Financial charges | 65/66B | €1,421 | €1,153 | -€268 | -18.9% |
| Recurring financial charges | 65 | €1,421 | €1,153 | -€268 | -18.9% |
| Profit (loss) for the period before taxes | 9903 | -€2,368 | €37,427 | +€39,795 | |
| Income taxes | 67/77 | €45 | €3,183 | +€3,138 | +7,027% |
| Profit (loss) for the period | 9904 | -€2,413 | €34,244 | +€36,657 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,413 | €34,244 | +€36,657 |
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 24 October 2026 via checked.be.