Van Den Heuvel Engineering: 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 Heuvel Engineering
Largest movements
- Cash +€25,740
up €25,740 (+91.2%), from €28,220 to €53,960
mainly Net result for the year (+€75,848) and Depreciation (+€24,740)
- Tangible fixed assets -€20,940
down €20,940 (-8.4%), from €250,384 to €229,444
of which Furniture and vehicles: -€11,790
- Receivables within one year +€15,741
up €15,741 (+27.1%), from €58,139 to €73,880
of which Trade receivables: +€16,822
- Profit (loss) carried forward +€75,848
up €75,848 (+60.3%), from €125,834 to €201,682
- Other debts -€38,127
down €38,127 (-95.5%), from €39,920 to €1,793
- Debts after one year -€16,167
down €16,167 (-12.2%), from €132,119 to €115,952
- Gross operating margin +€50,603
up €50,603 (+64.1%), from €78,911 to €129,515
- Taxes +€10,143
up €10,143 (+86.3%), from €11,748 to €21,891
- Depreciation +€5,457
up €5,457 (+28.3%), from €19,283 to €24,740
- Financial charges +€1,509
up €1,509 (+35.7%), from €4,231 to €5,740
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 | €338,092 | €360,506 | +€22,414 | +6.6% |
| Fixed assets | 21/28 | €250,384 | €229,444 | -€20,940 | -8.4% |
| Tangible fixed assets | 22/27 | €250,384 | €229,444 | -€20,940 | -8.4% |
| Land and buildings | 22 | €212,002 | €200,558 | -€11,444 | -5.4% |
| Plant, machinery and equipment | 23 | €2,022 | €4,317 | +€2,295 | +113% |
| Furniture and vehicles | 24 | €36,359 | €24,569 | -€11,790 | -32.4% |
| Current assets | 29/58 | €87,708 | €131,062 | +€43,354 | +49.4% |
| Stocks and contracts in progress | 3 | €766 | €608 | -€159 | -20.7% |
| Stocks | 30/36 | €766 | €608 | -€159 | -20.7% |
| Amounts receivable within one year | 40/41 | €58,139 | €73,880 | +€15,741 | +27.1% |
| Trade receivables | 40 | €53,812 | €70,634 | +€16,822 | +31.3% |
| Other amounts receivable | 41 | €4,327 | €3,247 | -€1,080 | -25.0% |
| Cash at bank and in hand | 54/58 | €28,220 | €53,960 | +€25,740 | +91.2% |
| Deferred charges and accrued income | 490/1 | €583 | €2,615 | +€2,032 | +348% |
| Total equity and liabilities | 10/49 | €338,092 | €360,506 | +€22,414 | +6.6% |
| Equity | 10/15 | €146,294 | €222,142 | +€75,848 | +51.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €125,834 | €201,682 | +€75,848 | +60.3% |
| Amounts payable | 17/49 | €191,798 | €138,364 | -€53,434 | -27.9% |
| Amounts payable after more than one year | 17 | €132,119 | €115,952 | -€16,167 | -12.2% |
| Financial debts | 170/4 | €132,119 | €115,952 | -€16,167 | -12.2% |
| Amounts payable within one year | 42/48 | €58,429 | €22,381 | -€36,048 | -61.7% |
| Current portion of amounts payable after more than one year | 42 | €15,456 | €16,167 | +€711 | +4.6% |
| Trade debts | 44 | €1,534 | €980 | -€554 | -36.1% |
| Suppliers | 440/4 | €1,534 | €980 | -€554 | -36.1% |
| Taxes, remuneration and social security | 45 | €1,519 | €3,440 | +€1,922 | +127% |
| Taxes | 450/3 | €1,519 | €3,440 | +€1,922 | +127% |
| Other amounts payable | 47/48 | €39,920 | €1,793 | -€38,127 | -95.5% |
| Accrued charges and deferred income | 492/3 | €1,250 | €32 | -€1,218 | -97.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,283 | €24,740 | +€5,457 | +28.3% |
| Other operating charges | 640/8 | €1,022 | €1,296 | +€274 | +26.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €78,911 | €129,515 | +€50,603 | +64.1% |
| Operating profit (loss) | 9901 | €58,606 | €103,479 | +€44,872 | +76.6% |
| Financial income | 75/76B | €45 | €0 | -€45 | -100% |
| Recurring financial income | 75 | €45 | €0 | -€45 | -100% |
| Financial charges | 65/66B | €4,231 | €5,740 | +€1,509 | +35.7% |
| Recurring financial charges | 65 | €4,231 | €5,740 | +€1,509 | +35.7% |
| Profit (loss) for the period before taxes | 9903 | €54,421 | €97,739 | +€43,319 | +79.6% |
| Income taxes | 67/77 | €11,748 | €21,891 | +€10,143 | +86.3% |
| Profit (loss) for the period | 9904 | €42,672 | €75,848 | +€33,176 | +77.7% |
| Profit (loss) for the period to be appropriated | 9905 | €42,672 | €75,848 | +€33,176 | +77.7% |
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 1 November 2026 via checked.be.