MB VANHIE: 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.
MB VANHIE
Largest movements
- Stocks and contracts -€121,382
down €121,382 (-70.4%), from €172,500 to €51,118
- Cash -€7,347
down €7,347 (-68.6%), from €10,709 to €3,362
- Trade debts -€64,835
down €64,835 (-99.6%), from €65,084 to €248
- Other debts -€39,000
down €39,000 (-48.8%), from €80,000 to €41,000
- Profit (loss) carried forward -€23,397
down €23,397, from €19,517 to -€3,880
- Gross operating margin -€28,196
down €28,196, from €5,963 to -€22,234
- Financial charges -€2,056
down €2,056 (-75.0%), from €2,742 to €685
- Taxes -€882
no longer reported in 2025 (was €882)
- Other operating charges +€410
up €410 (+366%), from €112 to €522
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €184,351 | €56,236 | -€128,114 | -69.5% |
| Current assets | 29/58 | €184,351 | €56,236 | -€128,114 | -69.5% |
| Stocks and contracts in progress | 3 | €172,500 | €51,118 | -€121,382 | -70.4% |
| Stocks | 30/36 | €172,500 | €51,118 | -€121,382 | -70.4% |
| Amounts receivable within one year | 40/41 | €1,142 | €1,756 | +€615 | +53.8% |
| Trade receivables | 40 | - | €787 | +€787 | |
| Other amounts receivable | 41 | €1,142 | €970 | -€172 | -15.1% |
| Cash at bank and in hand | 54/58 | €10,709 | €3,362 | -€7,347 | -68.6% |
| Total equity and liabilities | 10/49 | €184,351 | €56,236 | -€128,114 | -69.5% |
| Equity | 10/15 | €38,385 | €14,988 | -€23,397 | -61.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €268 | €268 | = | 0.0% |
| Non-distributable reserves | 130/1 | €268 | - | -€268 | |
| Reserves not available under the articles | 1311 | €268 | - | -€268 | |
| Distributable reserves | 133 | - | €268 | +€268 | |
| Profit (loss) carried forward | 14 | €19,517 | -€3,880 | -€23,397 | |
| Amounts payable | 17/49 | €145,966 | €41,248 | -€104,717 | -71.7% |
| Amounts payable within one year | 42/48 | €145,966 | €41,248 | -€104,717 | -71.7% |
| Trade debts | 44 | €65,084 | €248 | -€64,835 | -99.6% |
| Suppliers | 440/4 | €65,084 | €248 | -€64,835 | -99.6% |
| Taxes, remuneration and social security | 45 | €882 | - | -€882 | |
| Taxes | 450/3 | €882 | - | -€882 | |
| Other amounts payable | 47/48 | €80,000 | €41,000 | -€39,000 | -48.8% |
| Other operating charges | 640/8 | €112 | €522 | +€410 | +366% |
| Gross operating margin | 9900 | €5,963 | -€22,234 | -€28,196 | |
| Operating profit (loss) | 9901 | €5,851 | -€22,756 | -€28,606 | |
| Financial income | 75/76B | €23 | €44 | +€21 | +92.4% |
| Recurring financial income | 75 | €23 | €44 | +€21 | +92.4% |
| Financial charges | 65/66B | €2,742 | €685 | -€2,056 | -75.0% |
| Recurring financial charges | 65 | €2,742 | €685 | -€2,056 | -75.0% |
| Profit (loss) for the period before taxes | 9903 | €3,132 | -€23,397 | -€26,529 | |
| Income taxes | 67/77 | €882 | - | -€882 | |
| Profit (loss) for the period | 9904 | €2,250 | -€23,397 | -€25,647 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,250 | -€23,397 | -€25,647 |
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.