Val-U by Vanhoutte: 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.
Val-U by Vanhoutte
Largest movements
- Cash -€134,783
down €134,783 (-59.6%), from €225,967 to €91,184
mainly Contributions, distributions and other (-€120,000) and Tax, wage and social debts (-€53,002)
- Receivables within one year +€30,227
up €30,227 (+146%), from €20,724 to €50,951
of which Trade receivables: +€29,153
- Tangible fixed assets +€18,961
up €18,961 (+40.3%), from €47,024 to €65,985
of which Other tangible fixed assets: +€22,946
- Tax, wage and social debts -€53,002
down €53,002 (-79.9%), from €66,366 to €13,364
of which Taxes: -€50,802
- Debts after one year -€17,466
down €17,466 (-92.2%), from €18,950 to €1,485
- Reserves -€14,585
down €14,585 (-9.9%), from €147,855 to €133,270
- Other debts -€8,541
down €8,541 (-43.6%), from €19,601 to €11,060
- Trade debts +€5,801
up €5,801 (+180%), from €3,218 to €9,019
- Gross operating margin -€15,506
down €15,506 (-8.9%), from €174,099 to €158,593
- Depreciation +€3,426
up €3,426 (+22.3%), from €15,368 to €18,795
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 | €295,025 | €209,668 | -€85,357 | -28.9% |
| Fixed assets | 21/28 | €47,024 | €65,985 | +€18,961 | +40.3% |
| Tangible fixed assets | 22/27 | €47,024 | €65,985 | +€18,961 | +40.3% |
| Furniture and vehicles | 24 | €5,742 | €15,033 | +€9,291 | +162% |
| Leasing and similar rights | 25 | €41,282 | €28,006 | -€13,276 | -32.2% |
| Other tangible fixed assets | 26 | €0 | €22,946 | +€22,946 | |
| Current assets | 29/58 | €248,001 | €143,683 | -€104,318 | -42.1% |
| Amounts receivable within one year | 40/41 | €20,724 | €50,951 | +€30,227 | +146% |
| Trade receivables | 40 | €20,724 | €49,877 | +€29,153 | +141% |
| Other amounts receivable | 41 | - | €1,074 | +€1,074 | |
| Cash at bank and in hand | 54/58 | €225,967 | €91,184 | -€134,783 | -59.6% |
| Deferred charges and accrued income | 490/1 | €1,311 | €1,548 | +€237 | +18.1% |
| Total equity and liabilities | 10/49 | €295,025 | €209,668 | -€85,357 | -28.9% |
| Equity | 10/15 | €166,907 | €151,820 | -€15,087 | -9.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €147,855 | €133,270 | -€14,585 | -9.9% |
| Distributable reserves | 133 | €147,855 | €133,270 | -€14,585 | -9.9% |
| Profit (loss) carried forward | 14 | €502 | €0 | -€502 | -99.9% |
| Amounts payable | 17/49 | €128,118 | €57,848 | -€70,270 | -54.8% |
| Amounts payable after more than one year | 17 | €18,950 | €1,485 | -€17,466 | -92.2% |
| Financial debts | 170/4 | €18,950 | €1,485 | -€17,466 | -92.2% |
| Amounts payable within one year | 42/48 | €106,021 | €50,909 | -€55,113 | -52.0% |
| Current portion of amounts payable after more than one year | 42 | €16,836 | €17,466 | +€630 | +3.7% |
| Trade debts | 44 | €3,218 | €9,019 | +€5,801 | +180% |
| Suppliers | 440/4 | €3,218 | €9,019 | +€5,801 | +180% |
| Taxes, remuneration and social security | 45 | €66,366 | €13,364 | -€53,002 | -79.9% |
| Taxes | 450/3 | €64,166 | €13,364 | -€50,802 | -79.2% |
| Remuneration and social security | 454/9 | €2,200 | - | -€2,200 | |
| Other amounts payable | 47/48 | €19,601 | €11,060 | -€8,541 | -43.6% |
| Accrued charges and deferred income | 492/3 | €3,146 | €5,454 | +€2,308 | +73.4% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,368 | €18,795 | +€3,426 | +22.3% |
| Other operating charges | 640/8 | €2,490 | €2,615 | +€125 | +5.0% |
| Non-recurring operating charges | 66A | €26,055 | - | -€26,055 | |
| Gross operating margin | 9900 | €174,099 | €158,593 | -€15,506 | -8.9% |
| Operating profit (loss) | 9901 | €130,186 | €137,184 | +€6,998 | +5.4% |
| Financial income | 75/76B | €0 | €0 | -€0 | -71.4% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -71.4% |
| Financial charges | 65/66B | €4,188 | €3,344 | -€844 | -20.1% |
| Recurring financial charges | 65 | €4,188 | €3,344 | -€844 | -20.1% |
| Profit (loss) for the period before taxes | 9903 | €125,998 | €133,839 | +€7,841 | +6.2% |
| Income taxes | 67/77 | €29,754 | €28,926 | -€828 | -2.8% |
| Profit (loss) for the period | 9904 | €96,245 | €104,913 | +€8,669 | +9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €96,245 | €104,913 | +€8,669 | +9.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.