GROUP VANHOUTTE: 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 VANHOUTTE
Largest movements
- Tangible fixed assets +€20,921
up €20,921 (+2.1%), from €983,264 to €1.0m
of which Land and buildings: +€20,921
- Debts after one year -€141,381
down €141,381 (-13.7%), from €1.0m to €890,270
- Reserves +€133,575
up €133,575 (+21.6%), from €619,531 to €753,106
- Revaluation surpluses +€41,420
new in 2025: €41,420
- Financial income -€218,648
down €218,648 (-65.4%), from €334,522 to €115,874
- Gross operating margin +€57,940
up €57,940 (+241%), from €24,020 to €81,960
- Depreciation -€32,378
down €32,378 (-52.9%), from €61,194 to €28,816
- Financial charges +€2,913
up €2,913 (+11.5%), from €25,325 to €28,238
- Other operating charges +€2,620
up €2,620 (+89.8%), from €2,919 to €5,539
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 | €1,829,806 | €1,868,549 | +€38,742 | +2.1% |
| Fixed assets | 21/28 | €1,801,264 | €1,822,185 | +€20,921 | +1.2% |
| Tangible fixed assets | 22/27 | €983,264 | €1,004,185 | +€20,921 | +2.1% |
| Land and buildings | 22 | €983,264 | €1,004,185 | +€20,921 | +2.1% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €818,000 | €818,000 | = | 0.0% |
| Current assets | 29/58 | €28,543 | €46,364 | +€17,821 | +62.4% |
| Amounts receivable within one year | 40/41 | €17,826 | €22,322 | +€4,496 | +25.2% |
| Trade receivables | 40 | €14,626 | €19,822 | +€5,196 | +35.5% |
| Other amounts receivable | 41 | €3,200 | €2,500 | -€700 | -21.9% |
| Cash at bank and in hand | 54/58 | €10,717 | €24,042 | +€13,325 | +124% |
| Total equity and liabilities | 10/49 | €1,829,806 | €1,868,549 | +€38,742 | +2.1% |
| Equity | 10/15 | €639,531 | €814,526 | +€174,994 | +27.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Revaluation surpluses | 12 | - | €41,420 | +€41,420 | |
| Reserves | 13 | €619,531 | €753,106 | +€133,575 | +21.6% |
| Distributable reserves | 133 | €619,531 | €753,106 | +€133,575 | +21.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,190,275 | €1,054,023 | -€136,252 | -11.4% |
| Amounts payable after more than one year | 17 | €1,031,651 | €890,270 | -€141,381 | -13.7% |
| Financial debts | 170/4 | €1,031,651 | €890,270 | -€141,381 | -13.7% |
| Amounts payable within one year | 42/48 | €158,625 | €163,753 | +€5,129 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €141,381 | €141,381 | = | 0.0% |
| Trade debts | 44 | €144 | €140 | -€4 | -2.5% |
| Suppliers | 440/4 | €144 | €140 | -€4 | -2.5% |
| Taxes, remuneration and social security | 45 | €11,700 | €14,566 | +€2,866 | +24.5% |
| Taxes | 450/3 | €11,700 | €14,566 | +€2,866 | +24.5% |
| Other amounts payable | 47/48 | €5,400 | €7,666 | +€2,266 | +42.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,194 | €28,816 | -€32,378 | -52.9% |
| Other operating charges | 640/8 | €2,919 | €5,539 | +€2,620 | +89.8% |
| Gross operating margin | 9900 | €24,020 | €81,960 | +€57,940 | +241% |
| Operating profit (loss) | 9901 | -€40,093 | €47,605 | +€87,698 | |
| Financial income | 75/76B | €334,522 | €115,874 | -€218,648 | -65.4% |
| Recurring financial income | 75 | €334,522 | €115,874 | -€218,648 | -65.4% |
| Financial charges | 65/66B | €25,325 | €28,238 | +€2,913 | +11.5% |
| Recurring financial charges | 65 | €25,325 | €28,238 | +€2,913 | +11.5% |
| Profit (loss) for the period before taxes | 9903 | €269,104 | €135,241 | -€133,863 | -49.7% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €269,104 | €135,241 | -€133,863 | -49.7% |
| Profit (loss) for the period to be appropriated | 9905 | €269,104 | €135,241 | -€133,863 | -49.7% |
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 30 October 2026 via checked.be.