HERMAN VAN DE VELDE: what changed
HERMAN VAN DE VELDE
Largest movements
- Receivables within one year +€23,788
up €23,788 (+6.3%), from €377,632 to €401,419
of which Other amounts receivable: +€24,720
- Reserves +€36,000
up €36,000 (+16.6%), from €217,100 to €253,100
of which Distributable reserves: +€36,000
- Tax, wage and social debts -€8,983
down €8,983 (-64.7%), from €13,890 to €4,906
- Other operating charges -€19,221
down €19,221 (-93.7%), from €20,517 to €1,296
- Taxes +€2,975
up €2,975 (+19.2%), from €15,532 to €18,507
- Financial income +€2,055
up €2,055 (+11.4%), from €17,992 to €20,047
- Gross operating margin +€835
up €835 (+2.3%), from €36,312 to €37,147
- Depreciation +€567
new in 2025: €567
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 | €561,093 | €588,986 | +€27,893 | +5.0% |
| Fixed assets | 21/28 | - | €1,332 | +€1,332 | |
| Tangible fixed assets | 22/27 | - | €1,332 | +€1,332 | |
| Plant, machinery and equipment | 23 | - | €1,332 | +€1,332 | |
| Current assets | 29/58 | €561,093 | €587,654 | +€26,561 | +4.7% |
| Amounts receivable within one year | 40/41 | €377,632 | €401,419 | +€23,788 | +6.3% |
| Trade receivables | 40 | €6,655 | €5,723 | -€932 | -14.0% |
| Other amounts receivable | 41 | €370,977 | €395,696 | +€24,720 | +6.7% |
| Current investments | 50/53 | €168,750 | €168,750 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €12,385 | €15,671 | +€3,287 | +26.5% |
| Deferred charges and accrued income | 490/1 | €2,327 | €1,813 | -€514 | -22.1% |
| Total equity and liabilities | 10/49 | €561,093 | €588,986 | +€27,893 | +5.0% |
| Equity | 10/15 | €546,827 | €583,478 | +€36,650 | +6.7% |
| Contributions | 10/11 | €341,000 | €341,000 | = | 0.0% |
| Capital | 10 | €341,000 | €341,000 | = | 0.0% |
| Issued capital | 100 | €341,000 | €341,000 | = | 0.0% |
| Reserves | 13 | €217,100 | €253,100 | +€36,000 | +16.6% |
| Non-distributable reserves | 130/1 | €34,100 | €34,100 | = | 0.0% |
| Legal reserve | 130 | €34,100 | €34,100 | = | 0.0% |
| Distributable reserves | 133 | €183,000 | €219,000 | +€36,000 | +19.7% |
| Profit (loss) carried forward | 14 | -€11,273 | -€10,622 | +€650 | +5.8% |
| Amounts payable | 17/49 | €14,266 | €5,509 | -€8,758 | -61.4% |
| Amounts payable within one year | 42/48 | €14,266 | €5,509 | -€8,758 | -61.4% |
| Financial debts | 43 | €157 | €602 | +€446 | +285% |
| Credit institutions | 430/8 | €157 | €602 | +€446 | +285% |
| Trade debts | 44 | €220 | €0 | -€220 | -100% |
| Suppliers | 440/4 | €220 | €0 | -€220 | -100% |
| Taxes, remuneration and social security | 45 | €13,890 | €4,906 | -€8,983 | -64.7% |
| Taxes | 450/3 | €13,890 | €4,906 | -€8,983 | -64.7% |
| Non-recurring operating income | 76A | €5,992 | €0 | -€5,992 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €567 | +€567 | |
| Other operating charges | 640/8 | €20,517 | €1,296 | -€19,221 | -93.7% |
| Gross operating margin | 9900 | €36,312 | €37,147 | +€835 | +2.3% |
| Operating profit (loss) | 9901 | €15,795 | €35,284 | +€19,489 | +123% |
| Financial income | 75/76B | €17,992 | €20,047 | +€2,055 | +11.4% |
| Recurring financial income | 75 | €17,992 | €20,047 | +€2,055 | +11.4% |
| Financial charges | 65/66B | €155 | €174 | +€19 | +12.1% |
| Recurring financial charges | 65 | €155 | €174 | +€19 | +12.1% |
| Profit (loss) for the period before taxes | 9903 | €33,632 | €55,157 | +€21,525 | +64.0% |
| Income taxes | 67/77 | €15,532 | €18,507 | +€2,975 | +19.2% |
| Profit (loss) for the period | 9904 | €18,100 | €36,650 | +€18,550 | +102% |
| Profit (loss) for the period to be appropriated | 9905 | €18,100 | €36,650 | +€18,550 | +102% |
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 6 November 2026 via checked.be.