Van den Hooff-Verheyen: 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 Hooff-Verheyen
Largest movements
- Receivables after one year +€45,000
new in 2025: €45,000
- Cash -€22,966
down €22,966 (-48.5%), from €47,305 to €24,338
mainly Receivables after one year (-€45,000) and Investment in fixed assets (net) (-€14,804)
- Tangible fixed assets +€5,341
up €5,341 (+15.9%), from €33,635 to €38,976
of which Plant, machinery and equipment: +€5,988
- Reserves +€39,715
up €39,715 (+95.8%), from €41,443 to €81,158
- Debts after one year -€10,077
no longer reported in 2025 (was €10,077)
- Current portion of long-term debt -€1,492
down €1,492 (-12.9%), from €11,569 to €10,077
- Gross operating margin -€5,379
down €5,379 (-7.7%), from €69,975 to €64,596
- Financial charges -€1,065
down €1,065 (-28.9%), from €3,682 to €2,617
- Taxes -€997
down €997 (-7.6%), from €13,099 to €12,102
- Depreciation -€847
down €847 (-8.2%), from €10,310 to €9,463
- Other operating charges -€739
down €739 (-51.2%), from €1,441 to €703
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 | €80,939 | €108,314 | +€27,375 | +33.8% |
| Fixed assets | 21/28 | €33,635 | €38,976 | +€5,341 | +15.9% |
| Tangible fixed assets | 22/27 | €33,635 | €38,976 | +€5,341 | +15.9% |
| Plant, machinery and equipment | 23 | €3,129 | €9,117 | +€5,988 | +191% |
| Furniture and vehicles | 24 | €30,506 | €29,859 | -€646 | -2.1% |
| Current assets | 29/58 | €47,305 | €69,338 | +€22,034 | +46.6% |
| Amounts receivable after more than one year | 29 | - | €45,000 | +€45,000 | |
| Other amounts receivable | 291 | - | €45,000 | +€45,000 | |
| Cash at bank and in hand | 54/58 | €47,305 | €24,338 | -€22,966 | -48.5% |
| Total equity and liabilities | 10/49 | €80,939 | €108,314 | +€27,375 | +33.8% |
| Equity | 10/15 | €44,443 | €84,158 | +€39,715 | +89.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €41,443 | €81,158 | +€39,715 | +95.8% |
| Distributable reserves | 133 | €41,443 | €81,158 | +€39,715 | +95.8% |
| Amounts payable | 17/49 | €36,496 | €24,156 | -€12,340 | -33.8% |
| Amounts payable after more than one year | 17 | €10,077 | - | -€10,077 | |
| Financial debts | 170/4 | €10,077 | - | -€10,077 | |
| Amounts payable within one year | 42/48 | €26,420 | €24,156 | -€2,264 | -8.6% |
| Current portion of amounts payable after more than one year | 42 | €11,569 | €10,077 | -€1,492 | -12.9% |
| Trade debts | 44 | €522 | €279 | -€243 | -46.6% |
| Suppliers | 440/4 | €522 | €279 | -€243 | -46.6% |
| Taxes, remuneration and social security | 45 | €13,099 | €12,102 | -€997 | -7.6% |
| Taxes | 450/3 | €13,099 | €12,102 | -€997 | -7.6% |
| Other amounts payable | 47/48 | €1,230 | €1,699 | +€468 | +38.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,310 | €9,463 | -€847 | -8.2% |
| Other operating charges | 640/8 | €1,441 | €703 | -€739 | -51.2% |
| Gross operating margin | 9900 | €69,975 | €64,596 | -€5,379 | -7.7% |
| Operating profit (loss) | 9901 | €58,224 | €54,431 | -€3,793 | -6.5% |
| Financial income | 75/76B | €0 | €3 | +€3 | +2,900% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +2,900% |
| Financial charges | 65/66B | €3,682 | €2,617 | -€1,065 | -28.9% |
| Recurring financial charges | 65 | €3,682 | €2,617 | -€1,065 | -28.9% |
| Profit (loss) for the period before taxes | 9903 | €54,542 | €51,817 | -€2,725 | -5.0% |
| Income taxes | 67/77 | €13,099 | €12,102 | -€997 | -7.6% |
| Profit (loss) for the period | 9904 | €41,443 | €39,715 | -€1,728 | -4.2% |
| Profit (loss) for the period to be appropriated | 9905 | €41,443 | €39,715 | -€1,728 | -4.2% |
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 31 October 2026 via checked.be.