HANS VANDENBERGHE: 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.
HANS VANDENBERGHE
Largest movements
- Cash +€73,150
up €73,150 (+38.2%), from €191,277 to €264,427
mainly Net result for the year (+€98,137) and Receivables within one year (+€29,090)
- Receivables within one year -€29,090
down €29,090 (-12.3%), from €237,285 to €208,195
of which Trade receivables: -€65,562
- Reserves +€98,137
up €98,137 (+19.5%), from €503,671 to €601,808
- Tax, wage and social debts -€22,838
down €22,838 (-67.6%), from €33,771 to €10,933
of which Taxes: -€21,945
- Current portion of long-term debt -€21,687
down €21,687 (-34.6%), from €62,687 to €41,000
- Trade debts -€16,389
down €16,389 (-39.0%), from €42,065 to €25,676
- Gross operating margin -€205,249
down €205,249 (-45.4%), from €451,948 to €246,699
- Taxes -€67,665
down €67,665 (-59.4%), from €113,995 to €46,330
- Staff costs +€13,326
up €13,326 (+17.8%), from €74,915 to €88,240
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 | €650,803 | €692,480 | +€41,677 | +6.4% |
| Fixed assets | 21/28 | €19,914 | €15,121 | -€4,792 | -24.1% |
| Tangible fixed assets | 22/27 | €19,806 | €15,014 | -€4,792 | -24.2% |
| Plant, machinery and equipment | 23 | €8,719 | €7,169 | -€1,550 | -17.8% |
| Furniture and vehicles | 24 | €1,851 | €1,401 | -€451 | -24.4% |
| Other tangible fixed assets | 26 | €9,236 | €6,444 | -€2,791 | -30.2% |
| Financial fixed assets | 28 | €108 | €108 | = | 0.0% |
| Current assets | 29/58 | €630,889 | €677,358 | +€46,470 | +7.4% |
| Amounts receivable after more than one year | 29 | €175,000 | €175,000 | = | 0.0% |
| Other amounts receivable | 291 | €175,000 | €175,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €7,491 | €5,036 | -€2,455 | -32.8% |
| Stocks | 30/36 | €7,491 | €5,036 | -€2,455 | -32.8% |
| Amounts receivable within one year | 40/41 | €237,285 | €208,195 | -€29,090 | -12.3% |
| Trade receivables | 40 | €168,998 | €103,435 | -€65,562 | -38.8% |
| Other amounts receivable | 41 | €68,287 | €104,759 | +€36,472 | +53.4% |
| Cash at bank and in hand | 54/58 | €191,277 | €264,427 | +€73,150 | +38.2% |
| Deferred charges and accrued income | 490/1 | €19,836 | €24,701 | +€4,865 | +24.5% |
| Total equity and liabilities | 10/49 | €650,803 | €692,480 | +€41,677 | +6.4% |
| Equity | 10/15 | €509,995 | €608,132 | +€98,137 | +19.2% |
| Contributions | 10/11 | €6,324 | €6,324 | = | 0.0% |
| Reserves | 13 | €503,671 | €601,808 | +€98,137 | +19.5% |
| Distributable reserves | 133 | €503,671 | €601,808 | +€98,137 | +19.5% |
| Amounts payable | 17/49 | €140,808 | €84,348 | -€56,460 | -40.1% |
| Amounts payable within one year | 42/48 | €138,523 | €77,609 | -€60,914 | -44.0% |
| Current portion of amounts payable after more than one year | 42 | €62,687 | €41,000 | -€21,687 | -34.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €42,065 | €25,676 | -€16,389 | -39.0% |
| Suppliers | 440/4 | €42,065 | €25,676 | -€16,389 | -39.0% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €33,771 | €10,933 | -€22,838 | -67.6% |
| Taxes | 450/3 | €27,083 | €5,137 | -€21,945 | -81.0% |
| Remuneration and social security | 454/9 | €6,688 | €5,795 | -€893 | -13.3% |
| Accrued charges and deferred income | 492/3 | €2,285 | €6,739 | +€4,454 | +195% |
| Remuneration, social security and pensions | 62 | €74,915 | €88,240 | +€13,326 | +17.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,982 | €7,288 | +€1,306 | +21.8% |
| Other operating charges | 640/8 | €6,112 | €5,482 | -€629 | -10.3% |
| Non-recurring operating charges | 66A | €6,187 | €0 | -€6,187 | -100% |
| Gross operating margin | 9900 | €451,948 | €246,699 | -€205,249 | -45.4% |
| Operating profit (loss) | 9901 | €358,754 | €145,689 | -€213,064 | -59.4% |
| Financial income | 75/76B | €5,021 | €5,120 | +€99 | +2.0% |
| Recurring financial income | 75 | €5,021 | €5,120 | +€99 | +2.0% |
| Financial charges | 65/66B | €6,792 | €6,342 | -€450 | -6.6% |
| Recurring financial charges | 65 | €6,792 | €6,342 | -€450 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | €356,983 | €144,467 | -€212,516 | -59.5% |
| Income taxes | 67/77 | €113,995 | €46,330 | -€67,665 | -59.4% |
| Profit (loss) for the period | 9904 | €242,988 | €98,137 | -€144,851 | -59.6% |
| Profit (loss) for the period to be appropriated | 9905 | €242,988 | €98,137 | -€144,851 | -59.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.