H. Van Cleef Projects: 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.
H. Van Cleef Projects
Largest movements
- Cash -€47,712
down €47,712 (-32.3%), from €147,876 to €100,163
mainly Contributions, distributions and other (-€103,052) and Other debts (-€15,792)
- Receivables within one year +€4,897
up €4,897 (+29.9%), from €16,389 to €21,286
of which Trade receivables: +€3,735
- Deferred charges and accrued income -€2,850
no longer reported in 2025 (was €2,850)
- Reserves -€30,700
down €30,700 (-94.3%), from €32,560 to €1,860
- Other debts -€15,792
down €15,792 (-17.3%), from €91,143 to €75,352
- Gross operating margin +€5,616
up €5,616 (+6.4%), from €87,195 to €92,811
- Financial income -€4,166
down €4,166 (-98.1%), from €4,247 to €80
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 | €169,158 | €122,640 | -€46,518 | -27.5% |
| Fixed assets | 21/28 | €2,042 | €1,190 | -€853 | -41.7% |
| Tangible fixed assets | 22/27 | €2,042 | €1,190 | -€853 | -41.7% |
| Furniture and vehicles | 24 | €2,042 | €1,190 | -€853 | -41.7% |
| Current assets | 29/58 | €167,116 | €121,450 | -€45,666 | -27.3% |
| Amounts receivable within one year | 40/41 | €16,389 | €21,286 | +€4,897 | +29.9% |
| Trade receivables | 40 | €16,389 | €20,125 | +€3,735 | +22.8% |
| Other amounts receivable | 41 | - | €1,162 | +€1,162 | |
| Cash at bank and in hand | 54/58 | €147,876 | €100,163 | -€47,712 | -32.3% |
| Deferred charges and accrued income | 490/1 | €2,850 | - | -€2,850 | |
| Total equity and liabilities | 10/49 | €169,158 | €122,640 | -€46,518 | -27.5% |
| Equity | 10/15 | €51,160 | €20,460 | -€30,700 | -60.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €32,560 | €1,860 | -€30,700 | -94.3% |
| Distributable reserves | 133 | €32,560 | €1,860 | -€30,700 | -94.3% |
| Amounts payable | 17/49 | €117,998 | €102,180 | -€15,818 | -13.4% |
| Amounts payable within one year | 42/48 | €117,998 | €102,180 | -€15,818 | -13.4% |
| Trade debts | 44 | €1,689 | €1,801 | +€112 | +6.7% |
| Suppliers | 440/4 | €1,689 | €1,801 | +€112 | +6.7% |
| Taxes, remuneration and social security | 45 | €25,166 | €25,026 | -€139 | -0.6% |
| Taxes | 450/3 | €25,166 | €25,026 | -€139 | -0.6% |
| Other amounts payable | 47/48 | €91,143 | €75,352 | -€15,792 | -17.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €875 | €853 | -€23 | -2.6% |
| Other operating charges | 640/8 | €505 | €636 | +€130 | +25.8% |
| Gross operating margin | 9900 | €87,195 | €92,811 | +€5,616 | +6.4% |
| Operating profit (loss) | 9901 | €85,814 | €91,323 | +€5,509 | +6.4% |
| Financial income | 75/76B | €4,247 | €80 | -€4,166 | -98.1% |
| Recurring financial income | 75 | €4,247 | €80 | -€4,166 | -98.1% |
| Financial charges | 65/66B | €103 | €190 | +€87 | +84.5% |
| Recurring financial charges | 65 | €103 | €190 | +€87 | +84.5% |
| Profit (loss) for the period before taxes | 9903 | €89,958 | €91,213 | +€1,255 | +1.4% |
| Income taxes | 67/77 | €18,446 | €18,861 | +€415 | +2.3% |
| Profit (loss) for the period | 9904 | €71,512 | €72,352 | +€840 | +1.2% |
| Profit (loss) for the period to be appropriated | 9905 | €71,512 | €72,352 | +€840 | +1.2% |
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 29 October 2026 via checked.be.