MANAGEMENT VANHOEYVELD: 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.
MANAGEMENT VANHOEYVELD
Largest movements
- Cash +€40,258
up €40,258 (+38.3%), from €105,143 to €145,401
mainly Net result for the year (+€20,791) and Tax, wage and social debts (+€19,757)
- Reserves +€20,791
up €20,791 (+33.9%), from €61,307 to €82,098
- Tax, wage and social debts +€19,757
up €19,757 (+741%), from €2,665 to €22,422
- Taxes +€5,297
up €5,297, from -€73 to €5,224
- Gross operating margin -€4,272
down €4,272 (-12.1%), from €35,364 to €31,092
- Other operating charges -€2,160
down €2,160 (-31.5%), from €6,847 to €4,687
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 | €120,143 | €160,401 | +€40,258 | +33.5% |
| Fixed assets | 21/28 | €10,000 | €10,000 | = | 0.0% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €110,143 | €150,401 | +€40,258 | +36.6% |
| Amounts receivable within one year | 40/41 | €5,000 | €5,000 | = | 0.0% |
| Other amounts receivable | 41 | €5,000 | €5,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €105,143 | €145,401 | +€40,258 | +38.3% |
| Total equity and liabilities | 10/49 | €120,143 | €160,401 | +€40,258 | +33.5% |
| Equity | 10/15 | €81,307 | €102,098 | +€20,791 | +25.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €61,307 | €82,098 | +€20,791 | +33.9% |
| Distributable reserves | 133 | €61,307 | €82,098 | +€20,791 | +33.9% |
| Amounts payable | 17/49 | €38,836 | €58,303 | +€19,467 | +50.1% |
| Amounts payable within one year | 42/48 | €14,288 | €33,621 | +€19,333 | +135% |
| Trade debts | 44 | €11,623 | €11,199 | -€424 | -3.6% |
| Suppliers | 440/4 | €11,623 | €11,199 | -€424 | -3.6% |
| Taxes, remuneration and social security | 45 | €2,665 | €22,422 | +€19,757 | +741% |
| Taxes | 450/3 | €2,665 | €22,422 | +€19,757 | +741% |
| Accrued charges and deferred income | 492/3 | €24,548 | €24,682 | +€134 | +0.5% |
| Other operating charges | 640/8 | €6,847 | €4,687 | -€2,160 | -31.5% |
| Gross operating margin | 9900 | €35,364 | €31,092 | -€4,272 | -12.1% |
| Operating profit (loss) | 9901 | €28,517 | €26,405 | -€2,112 | -7.4% |
| Financial income | 75/76B | - | €81 | +€81 | |
| Recurring financial income | 75 | - | €81 | +€81 | |
| Financial charges | 65/66B | €461 | €471 | +€10 | +2.2% |
| Recurring financial charges | 65 | €461 | €471 | +€10 | +2.2% |
| Profit (loss) for the period before taxes | 9903 | €28,056 | €26,015 | -€2,041 | -7.3% |
| Income taxes | 67/77 | -€73 | €5,224 | +€5,297 | |
| Profit (loss) for the period | 9904 | €28,129 | €20,791 | -€7,338 | -26.1% |
| Profit (loss) for the period to be appropriated | 9905 | €28,129 | €20,791 | -€7,338 | -26.1% |
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 30 October 2026 via checked.be.