VAN DEN HAUWE: 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.
VAN DEN HAUWE
Largest movements
- Cash -€219,223
down €219,223 (-93.0%), from €235,812 to €16,590
mainly Provisions (-€170,434) and Receivables within one year (-€101,745)
- Receivables within one year +€101,745
up €101,745 (+85.9%), from €118,479 to €220,224
of which Other amounts receivable: +€96,097
- Profit (loss) carried forward +€547,045
up €547,045 (+336%), from €163,026 to €710,071
- Reserves -€511,301
down €511,301 (-23.0%), from €2.2m to €1.7m
of which Tax-exempt reserves: -€511,301
- Provisions -€170,434
down €170,434 (-33.6%), from €507,273 to €336,839
- Depreciation +€71,652
up €71,652 (+122%), from €58,812 to €130,464
- Gross operating margin +€39,881
up €39,881, from -€37,201 to €2,681
- Financial income -€19,807
down €19,807 (-76.0%), from €26,046 to €6,239
- Other operating charges -€7,699
down €7,699 (-68.3%), from €11,273 to €3,574
- Taxes -€3,248
down €3,248, from €1,625 to -€1,623
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 | €3,259,811 | €3,113,285 | -€146,526 | -4.5% |
| Fixed assets | 21/28 | €2,775,519 | €2,745,287 | -€30,233 | -1.1% |
| Tangible fixed assets | 22/27 | €2,769,911 | €2,739,678 | -€30,233 | -1.1% |
| Land and buildings | 22 | €2,765,236 | €2,736,586 | -€28,650 | -1.0% |
| Plant, machinery and equipment | 23 | €4,675 | €3,092 | -€1,583 | -33.9% |
| Financial fixed assets | 28 | €5,609 | €5,609 | = | 0.0% |
| Current assets | 29/58 | €484,291 | €367,999 | -€116,293 | -24.0% |
| Amounts receivable after more than one year | 29 | €125,000 | €125,000 | = | 0.0% |
| Other amounts receivable | 291 | €125,000 | €125,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €118,479 | €220,224 | +€101,745 | +85.9% |
| Trade receivables | 40 | €1,949 | €7,596 | +€5,647 | +290% |
| Other amounts receivable | 41 | €116,530 | €212,628 | +€96,097 | +82.5% |
| Cash at bank and in hand | 54/58 | €235,812 | €16,590 | -€219,223 | -93.0% |
| Deferred charges and accrued income | 490/1 | €5,000 | €6,185 | +€1,185 | +23.7% |
| Total equity and liabilities | 10/49 | €3,259,811 | €3,113,285 | -€146,526 | -4.5% |
| Equity | 10/15 | €2,390,108 | €2,425,852 | +€35,744 | +1.5% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Contributions outside capital | 11 | €6,205 | - | -€6,205 | |
| Other | 1109/19 | €6,205 | - | -€6,205 | |
| Reserves | 13 | €2,220,877 | €1,709,576 | -€511,301 | -23.0% |
| Tax-exempt reserves | 132 | €1,539,517 | €1,028,216 | -€511,301 | -33.2% |
| Distributable reserves | 133 | €681,360 | €681,360 | = | 0.0% |
| Profit (loss) carried forward | 14 | €163,026 | €710,071 | +€547,045 | +336% |
| Provisions and deferred taxes | 16 | €507,273 | €336,839 | -€170,434 | -33.6% |
| Deferred taxes | 168 | €507,273 | €336,839 | -€170,434 | -33.6% |
| Amounts payable | 17/49 | €362,430 | €350,594 | -€11,836 | -3.3% |
| Amounts payable after more than one year | 17 | €240,885 | €232,121 | -€8,764 | -3.6% |
| Financial debts | 170/4 | €240,885 | €232,121 | -€8,764 | -3.6% |
| Amounts payable within one year | 42/48 | €121,545 | €118,473 | -€3,072 | -2.5% |
| Financial debts | 43 | €8,427 | €8,764 | +€337 | +4.0% |
| Other loans | 439 | €8,427 | €8,764 | +€337 | +4.0% |
| Trade debts | 44 | €1,098 | €1,479 | +€382 | +34.8% |
| Suppliers | 440/4 | €1,098 | €1,479 | +€382 | +34.8% |
| Taxes, remuneration and social security | 45 | €465 | €0 | -€465 | -100% |
| Taxes | 450/3 | €465 | €0 | -€465 | -100% |
| Other amounts payable | 47/48 | €111,555 | €108,230 | -€3,326 | -3.0% |
| Remuneration, social security and pensions | 62 | -€340 | €0 | +€340 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,812 | €130,464 | +€71,652 | +122% |
| Other operating charges | 640/8 | €11,273 | €3,574 | -€7,699 | -68.3% |
| Gross operating margin | 9900 | -€37,201 | €2,681 | +€39,881 | |
| Operating profit (loss) | 9901 | -€106,946 | -€131,358 | -€24,412 | -22.8% |
| Financial income | 75/76B | €26,046 | €6,239 | -€19,807 | -76.0% |
| Recurring financial income | 75 | €26,046 | €6,239 | -€19,807 | -76.0% |
| Financial charges | 65/66B | €11,072 | €11,193 | +€121 | +1.1% |
| Recurring financial charges | 65 | €11,072 | €11,193 | +€121 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | -€91,972 | -€136,312 | -€44,340 | -48.2% |
| Transfer from deferred taxes | 780 | €45,035 | €170,434 | +€125,398 | +278% |
| Income taxes | 67/77 | €1,625 | -€1,623 | -€3,248 | |
| Profit (loss) for the period | 9904 | -€48,562 | €35,744 | +€84,306 | |
| Transfer from tax-exempt reserves | 789 | - | €511,301 | +€511,301 | |
| Profit (loss) for the period to be appropriated | 9905 | -€48,562 | €547,045 | +€595,607 |
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 14 October 2026 via checked.be.