VAN HAEKEN: 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 HAEKEN
Largest movements
- Tangible fixed assets -€15,424
down €15,424 (-4.5%), from €339,111 to €323,687
- Cash -€10,474
down €10,474 (-85.8%), from €12,209 to €1,735
mainly Debts after one year (-€10,714) and Tax, wage and social debts (-€5,233)
- Debts after one year -€10,714
down €10,714 (-6.6%), from €162,621 to €151,907
- Reserves -€5,243
down €5,243 (-10.7%), from €48,939 to €43,696
of which Tax-exempt reserves: -€5,243
- Tax, wage and social debts -€5,233
down €5,233 (-70.8%), from €7,391 to €2,157
- Gross operating margin -€6,268
down €6,268 (-28.2%), from €22,190 to €15,921
- Taxes -€1,716
down €1,716 (-44.3%), from €3,874 to €2,157
- Financial charges -€284
down €284 (-16.8%), from €1,691 to €1,407
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.
Cash bridge derived
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 | €351,320 | €326,887 | -€24,433 | -7.0% |
| Fixed assets | 21/28 | €339,111 | €323,687 | -€15,424 | -4.5% |
| Tangible fixed assets | 22/27 | €339,111 | €323,687 | -€15,424 | -4.5% |
| Land and buildings | 22 | €339,111 | €323,687 | -€15,424 | -4.5% |
| Current assets | 29/58 | €12,209 | €3,200 | -€9,009 | -73.8% |
| Amounts receivable within one year | 40/41 | - | €207 | +€207 | |
| Trade receivables | 40 | - | €207 | +€207 | |
| Cash at bank and in hand | 54/58 | €12,209 | €1,735 | -€10,474 | -85.8% |
| Deferred charges and accrued income | 490/1 | - | €1,257 | +€1,257 | |
| Total equity and liabilities | 10/49 | €351,320 | €326,887 | -€24,433 | -7.0% |
| Equity | 10/15 | €124,479 | €119,851 | -€4,628 | -3.7% |
| Contributions | 10/11 | €115,300 | €115,300 | = | 0.0% |
| Capital | 10 | €115,300 | €115,300 | = | 0.0% |
| Issued capital | 100 | €115,300 | €115,300 | = | 0.0% |
| Revaluation surpluses | 12 | €30,091 | €30,091 | = | 0.0% |
| Reserves | 13 | €48,939 | €43,696 | -€5,243 | -10.7% |
| Non-distributable reserves | 130/1 | €496 | €496 | = | 0.0% |
| Legal reserve | 130 | €496 | €496 | = | 0.0% |
| Tax-exempt reserves | 132 | €48,443 | €43,200 | -€5,243 | -10.8% |
| Profit (loss) carried forward | 14 | -€69,850 | -€69,236 | +€615 | +0.9% |
| Provisions and deferred taxes | 16 | €24,939 | €22,238 | -€2,701 | -10.8% |
| Deferred taxes | 168 | €24,939 | €22,238 | -€2,701 | -10.8% |
| Amounts payable | 17/49 | €201,901 | €184,797 | -€17,104 | -8.5% |
| Amounts payable after more than one year | 17 | €162,621 | €151,907 | -€10,714 | -6.6% |
| Financial debts | 170/4 | €162,621 | €151,907 | -€10,714 | -6.6% |
| Amounts payable within one year | 42/48 | €35,433 | €29,048 | -€6,385 | -18.0% |
| Current portion of amounts payable after more than one year | 42 | €10,714 | €10,714 | = | 0.0% |
| Trade debts | 44 | €1,151 | - | -€1,151 | |
| Suppliers | 440/4 | €1,151 | - | -€1,151 | |
| Taxes, remuneration and social security | 45 | €7,391 | €2,157 | -€5,233 | -70.8% |
| Taxes | 450/3 | €7,391 | €2,157 | -€5,233 | -70.8% |
| Other amounts payable | 47/48 | €16,177 | €16,177 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,847 | €3,842 | -€5 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,424 | €15,424 | = | 0.0% |
| Other operating charges | 640/8 | €4,118 | €4,263 | +€145 | +3.5% |
| Gross operating margin | 9900 | €22,190 | €15,921 | -€6,268 | -28.2% |
| Operating profit (loss) | 9901 | €2,648 | -€3,765 | -€6,413 | |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €1,691 | €1,407 | -€284 | -16.8% |
| Recurring financial charges | 65 | €1,691 | €1,407 | -€284 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | €960 | -€5,172 | -€6,132 | |
| Transfer from deferred taxes | 780 | €2,701 | €2,701 | = | 0.0% |
| Income taxes | 67/77 | €3,874 | €2,157 | -€1,716 | -44.3% |
| Profit (loss) for the period | 9904 | -€213 | -€4,628 | -€4,415 | -2073.7% |
| Transfer from tax-exempt reserves | 789 | €5,243 | €5,243 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,030 | €615 | -€4,415 | -87.8% |
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 12 October 2026 via checked.be.