H & V VAN MELE: what changed
H & V VAN MELE
Largest movements
- Cash +€250,010
up €250,010 (+72.9%), from €343,053 to €593,063
mainly Current investments (+€228,826) and Net result for the year (+€128,131)
- Current investments -€228,826
down €228,826 (-39.6%), from €578,402 to €349,576
- Tangible fixed assets -€50,677
down €50,677 (-24.3%), from €208,781 to €158,104
of which Furniture and vehicles: -€42,810
- Receivables within one year +€42,830
up €42,830 (+59.4%), from €72,111 to €114,940
of which Trade receivables: +€41,518
- Stocks and contracts +€24,720
up €24,720 (+4.3%), from €571,050 to €595,770
- Reserves +€128,131
up €128,131 (+14.1%), from €908,149 to €1.0m
of which Distributable reserves: +€128,131
- Other debts -€86,554
down €86,554 (-25.1%), from €344,668 to €258,114
- Trade debts +€20,790
up €20,790 (+113%), from €18,324 to €39,114
- Tax, wage and social debts -€19,523
down €19,523 (-81.2%), from €24,058 to €4,534
- Gross operating margin +€86,080
up €86,080 (+62.7%), from €137,221 to €223,301
- Taxes +€23,066
up €23,066 (+89.4%), from €25,798 to €48,864
- Depreciation +€11,044
up €11,044 (+23.4%), from €47,115 to €58,158
- Financial charges -€9,421
down €9,421 (-30.3%), from €31,072 to €21,651
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,779,875 | €1,817,272 | +€37,397 | +2.1% |
| Fixed assets | 21/28 | €208,799 | €158,123 | -€50,677 | -24.3% |
| Tangible fixed assets | 22/27 | €208,781 | €158,104 | -€50,677 | -24.3% |
| Furniture and vehicles | 24 | €133,843 | €91,033 | -€42,810 | -32.0% |
| Other tangible fixed assets | 26 | €74,938 | €67,071 | -€7,866 | -10.5% |
| Financial fixed assets | 28 | €19 | €19 | = | 0.0% |
| Current assets | 29/58 | €1,571,075 | €1,659,149 | +€88,074 | +5.6% |
| Stocks and contracts in progress | 3 | €571,050 | €595,770 | +€24,720 | +4.3% |
| Stocks | 30/36 | €571,050 | €595,770 | +€24,720 | +4.3% |
| Amounts receivable within one year | 40/41 | €72,111 | €114,940 | +€42,830 | +59.4% |
| Trade receivables | 40 | €49,167 | €90,685 | +€41,518 | +84.4% |
| Other amounts receivable | 41 | €22,943 | €24,255 | +€1,312 | +5.7% |
| Current investments | 50/53 | €578,402 | €349,576 | -€228,826 | -39.6% |
| Cash at bank and in hand | 54/58 | €343,053 | €593,063 | +€250,010 | +72.9% |
| Deferred charges and accrued income | 490/1 | €6,459 | €5,800 | -€659 | -10.2% |
| Total equity and liabilities | 10/49 | €1,779,875 | €1,817,272 | +€37,397 | +2.1% |
| Equity | 10/15 | €1,370,149 | €1,498,280 | +€128,131 | +9.4% |
| Contributions | 10/11 | €462,000 | €462,000 | = | 0.0% |
| Reserves | 13 | €908,149 | €1,036,280 | +€128,131 | +14.1% |
| Tax-exempt reserves | 132 | €6,831 | €6,831 | = | 0.0% |
| Distributable reserves | 133 | €901,318 | €1,029,449 | +€128,131 | +14.2% |
| Amounts payable | 17/49 | €409,725 | €318,992 | -€90,734 | -22.1% |
| Amounts payable within one year | 42/48 | €387,060 | €301,762 | -€85,298 | -22.0% |
| Financial debts | 43 | €10 | €0 | -€10 | -100% |
| Credit institutions | 430/8 | €10 | €0 | -€10 | -100% |
| Trade debts | 44 | €18,324 | €39,114 | +€20,790 | +113% |
| Suppliers | 440/4 | €18,324 | €39,114 | +€20,790 | +113% |
| Taxes, remuneration and social security | 45 | €24,058 | €4,534 | -€19,523 | -81.2% |
| Taxes | 450/3 | €24,058 | €4,534 | -€19,523 | -81.2% |
| Other amounts payable | 47/48 | €344,668 | €258,114 | -€86,554 | -25.1% |
| Accrued charges and deferred income | 492/3 | €22,665 | €17,229 | -€5,436 | -24.0% |
| Non-recurring operating income | 76A | €11,750 | €0 | -€11,750 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,115 | €58,158 | +€11,044 | +23.4% |
| Other operating charges | 640/8 | €9,336 | €8,358 | -€979 | -10.5% |
| Gross operating margin | 9900 | €137,221 | €223,301 | +€86,080 | +62.7% |
| Operating profit (loss) | 9901 | €80,770 | €156,785 | +€76,015 | +94.1% |
| Financial income | 75/76B | €43,908 | €41,861 | -€2,047 | -4.7% |
| Recurring financial income | 75 | €43,908 | €41,861 | -€2,047 | -4.7% |
| Financial charges | 65/66B | €31,072 | €21,651 | -€9,421 | -30.3% |
| Recurring financial charges | 65 | €31,072 | €21,651 | -€9,421 | -30.3% |
| Profit (loss) for the period before taxes | 9903 | €93,607 | €176,995 | +€83,388 | +89.1% |
| Income taxes | 67/77 | €25,798 | €48,864 | +€23,066 | +89.4% |
| Profit (loss) for the period | 9904 | €67,809 | €128,131 | +€60,322 | +89.0% |
| Profit (loss) for the period to be appropriated | 9905 | €67,809 | €128,131 | +€60,322 | +89.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.