Het Vroonhof: 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.
Het Vroonhof
Largest movements
- Financial fixed assets +€7.4m
up €7.4m (+122%), from €6.0m to €13.4m
- Receivables within one year +€1.4m
up €1.4m (+164%), from €835,937 to €2.2m
of which Other amounts receivable: +€1.5m
- Receivables after one year -€845,028
down €845,028 (-39.7%), from €2.1m to €1.3m
- Cash +€244,126
up €244,126 (+5,708%), from €4,277 to €248,402
mainly Other debts (+€4.9m) and Net result for the year (+€2.9m)
- Other debts +€4.9m
up €4.9m (+231%), from €2.1m to €7.1m
- Reserves +€2.9m
up €2.9m (+165%), from €1.8m to €4.7m
of which Distributable reserves: +€2.9m
- Debts after one year +€250,000
up €250,000 (+8.2%), from €3.1m to €3.3m
- Financial income +€3.5m
up €3.5m (+1,724%), from €205,841 to €3.8m
of which Non-recurring financial income: +€2.8m
- Gross operating margin -€40,250
down €40,250 (-25.4%), from €158,701 to €118,451
- Financial charges -€27,517
down €27,517 (-3.6%), from €764,428 to €736,911
of which Non-recurring financial charges: -€31,435
- Staff costs -€8,510
down €8,510 (-3.7%), from €228,744 to €220,234
- Write-downs -€8,000
no longer reported in 2024 (was €8,000)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,237,372 | €17,309,963 | +€8.1m | +87.4% |
| Fixed assets | 21/28 | €6,061,622 | €13,413,160 | +€7.4m | +121% |
| Tangible fixed assets | 22/27 | €39,079 | €31,675 | -€7,404 | -18.9% |
| Furniture and vehicles | 24 | €30,824 | €30,675 | -€149 | -0.5% |
| Other tangible fixed assets | 26 | €8,255 | €1,000 | -€7,255 | -87.9% |
| Financial fixed assets | 28 | €6,022,543 | €13,381,485 | +€7.4m | +122% |
| Current assets | 29/58 | €3,175,751 | €3,896,803 | +€721,053 | +22.7% |
| Amounts receivable after more than one year | 29 | €2,129,767 | €1,284,739 | -€845,028 | -39.7% |
| Other amounts receivable | 291 | €2,129,767 | €1,284,739 | -€845,028 | -39.7% |
| Amounts receivable within one year | 40/41 | €835,937 | €2,210,923 | +€1.4m | +164% |
| Trade receivables | 40 | €236,193 | €113,136 | -€123,056 | -52.1% |
| Other amounts receivable | 41 | €599,744 | €2,097,786 | +€1.5m | +250% |
| Cash at bank and in hand | 54/58 | €4,277 | €248,402 | +€244,126 | +5,708% |
| Deferred charges and accrued income | 490/1 | €205,770 | €152,739 | -€53,030 | -25.8% |
| Total equity and liabilities | 10/49 | €9,237,372 | €17,309,963 | +€8.1m | +87.4% |
| Equity | 10/15 | €3,860,770 | €6,761,528 | +€2.9m | +75.1% |
| Contributions | 10/11 | €2,100,000 | €2,100,000 | = | 0.0% |
| Reserves | 13 | €1,760,770 | €4,661,000 | +€2.9m | +165% |
| Tax-exempt reserves | 132 | €5,128 | €5,128 | = | 0.0% |
| Distributable reserves | 133 | €1,755,642 | €4,655,872 | +€2.9m | +165% |
| Profit (loss) carried forward | 14 | - | €528 | +€528 | |
| Amounts payable | 17/49 | €5,376,602 | €10,548,435 | +€5.2m | +96.2% |
| Amounts payable after more than one year | 17 | €3,050,000 | €3,300,000 | +€250,000 | +8.2% |
| Financial debts | 170/4 | €3,050,000 | €3,300,000 | +€250,000 | +8.2% |
| Amounts payable within one year | 42/48 | €2,281,362 | €7,183,293 | +€4.9m | +215% |
| Current portion of amounts payable after more than one year | 42 | - | €50,000 | +€50,000 | |
| Trade debts | 44 | €99,548 | €30,691 | -€68,857 | -69.2% |
| Suppliers | 440/4 | €99,548 | €30,691 | -€68,857 | -69.2% |
| Taxes, remuneration and social security | 45 | €50,665 | €44,671 | -€5,994 | -11.8% |
| Taxes | 450/3 | €19,480 | €16,972 | -€2,508 | -12.9% |
| Remuneration and social security | 454/9 | €31,185 | €27,699 | -€3,486 | -11.2% |
| Other amounts payable | 47/48 | €2,131,149 | €7,057,931 | +€4.9m | +231% |
| Accrued charges and deferred income | 492/3 | €45,241 | €65,142 | +€19,901 | +44.0% |
| Remuneration, social security and pensions | 62 | €228,744 | €220,234 | -€8,510 | -3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,522 | €11,776 | -€747 | -6.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,000 | - | -€8,000 | |
| Other operating charges | 640/8 | €1,092 | €1,298 | +€206 | +18.9% |
| Non-recurring operating charges | 66A | €2,208 | €940 | -€1,268 | -57.4% |
| Gross operating margin | 9900 | €158,701 | €118,451 | -€40,250 | -25.4% |
| Operating profit (loss) | 9901 | -€93,865 | -€115,797 | -€21,932 | -23.4% |
| Financial income | 75/76B | €205,841 | €3,753,641 | +€3.5m | +1,724% |
| Recurring financial income | 75 | €205,841 | €951,077 | +€745,236 | +362% |
| Non-recurring financial income | 76B | - | €2,802,564 | +€2.8m | |
| Financial charges | 65/66B | €764,428 | €736,911 | -€27,517 | -3.6% |
| Recurring financial charges | 65 | €64,351 | €68,270 | +€3,918 | +6.1% |
| Non-recurring financial charges | 66B | €700,077 | €668,641 | -€31,435 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | -€652,451 | €2,900,933 | +€3.6m | |
| Income taxes | 67/77 | €132 | €174 | +€43 | +32.6% |
| Profit (loss) for the period | 9904 | -€652,583 | €2,900,758 | +€3.6m | |
| Profit (loss) for the period to be appropriated | 9905 | -€652,583 | €2,900,758 | +€3.6m |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.