Simon Van Hoecke: 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.
Simon Van Hoecke
Largest movements
- Cash +€6,466
up €6,466 (+1,159%), from €558 to €7,025
mainly Depreciation (+€15,930) and Other debts (+€8,918)
- Tangible fixed assets -€3,718
down €3,718 (-4.1%), from €91,684 to €87,966
of which Furniture and vehicles: -€11,806
- Other debts +€8,918
up €8,918 (+4,437%), from €201 to €9,119
- Debts after one year -€8,673
down €8,673 (-25.0%), from €34,709 to €26,036
- Reserves +€8,203
up €8,203 (+15.3%), from €53,607 to €61,810
- Tax, wage and social debts -€6,491
down €6,491 (-57.9%), from €11,205 to €4,714
- Gross operating margin +€10,348
up €10,348 (+44.5%), from €23,279 to €33,626
- Depreciation +€5,661
up €5,661 (+55.1%), from €10,269 to €15,930
- Other operating charges -€2,088
down €2,088 (-64.6%), from €3,233 to €1,145
- Financial charges -€1,555
down €1,555 (-54.0%), from €2,880 to €1,325
- Taxes +€800
up €800 (+20.4%), from €3,914 to €4,714
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 | €114,395 | €116,065 | +€1,670 | +1.5% |
| Fixed assets | 21/28 | €91,684 | €87,966 | -€3,718 | -4.1% |
| Tangible fixed assets | 22/27 | €91,684 | €87,966 | -€3,718 | -4.1% |
| Land and buildings | 22 | - | €2,330 | +€2,330 | |
| Plant, machinery and equipment | 23 | €26,623 | €32,381 | +€5,758 | +21.6% |
| Furniture and vehicles | 24 | €65,062 | €53,256 | -€11,806 | -18.1% |
| Current assets | 29/58 | €22,710 | €28,099 | +€5,389 | +23.7% |
| Stocks and contracts in progress | 3 | €14,317 | €14,317 | = | 0.0% |
| Stocks | 30/36 | €14,317 | €14,317 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €7,131 | €6,047 | -€1,085 | -15.2% |
| Trade receivables | 40 | €6,215 | €3,762 | -€2,453 | -39.5% |
| Other amounts receivable | 41 | €917 | €2,285 | +€1,368 | +149% |
| Cash at bank and in hand | 54/58 | €558 | €7,025 | +€6,466 | +1,159% |
| Deferred charges and accrued income | 490/1 | €704 | €711 | +€7 | +1.0% |
| Total equity and liabilities | 10/49 | €114,395 | €116,065 | +€1,670 | +1.5% |
| Equity | 10/15 | €58,607 | €66,810 | +€8,203 | +14.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €53,607 | €61,810 | +€8,203 | +15.3% |
| Distributable reserves | 133 | €53,607 | €61,810 | +€8,203 | +15.3% |
| Amounts payable | 17/49 | €55,788 | €49,256 | -€6,532 | -11.7% |
| Amounts payable after more than one year | 17 | €34,709 | €26,036 | -€8,673 | -25.0% |
| Financial debts | 170/4 | €34,709 | €26,036 | -€8,673 | -25.0% |
| Amounts payable within one year | 42/48 | €21,079 | €23,220 | +€2,141 | +10.2% |
| Current portion of amounts payable after more than one year | 42 | €8,953 | €8,673 | -€280 | -3.1% |
| Trade debts | 44 | €720 | €714 | -€7 | -0.9% |
| Suppliers | 440/4 | €720 | €714 | -€7 | -0.9% |
| Taxes, remuneration and social security | 45 | €11,205 | €4,714 | -€6,491 | -57.9% |
| Taxes | 450/3 | €11,205 | €4,714 | -€6,491 | -57.9% |
| Other amounts payable | 47/48 | €201 | €9,119 | +€8,918 | +4,437% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,269 | €15,930 | +€5,661 | +55.1% |
| Other operating charges | 640/8 | €3,233 | €1,145 | -€2,088 | -64.6% |
| Non-recurring operating charges | 66A | - | €2,309 | +€2,309 | |
| Gross operating margin | 9900 | €23,279 | €33,626 | +€10,348 | +44.5% |
| Operating profit (loss) | 9901 | €9,777 | €14,242 | +€4,465 | +45.7% |
| Financial charges | 65/66B | €2,880 | €1,325 | -€1,555 | -54.0% |
| Recurring financial charges | 65 | €2,880 | €1,325 | -€1,555 | -54.0% |
| Profit (loss) for the period before taxes | 9903 | €6,897 | €12,917 | +€6,020 | +87.3% |
| Income taxes | 67/77 | €3,914 | €4,714 | +€800 | +20.4% |
| Profit (loss) for the period | 9904 | €2,983 | €8,203 | +€5,220 | +175% |
| Profit (loss) for the period to be appropriated | 9905 | €2,983 | €8,203 | +€5,220 | +175% |
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 17 October 2026 via checked.be.