VAN HAM: 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.
What changed
VAN HAM
NACE 23.700, Cutting, shaping and finishing of stone
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€55,131
2024 · -€156,767+€101,636
Equity
€412,925
2024 · €468,056-€55,131
Cash
€15,915
2024 · €11,123+€4,792
Balance sheet total
€832,210
2024 · €901,123-€68,913
Largest movements
Assets
- Tangible fixed assets -€45,593
down €45,593 (-18.6%), from €245,290 to €199,697
of which Leasing and similar rights: -€24,300
- Stocks and contracts -€34,712
down €34,712 (-6.8%), from €511,155 to €476,443
Equity and liabilities
- Profit (loss) carried forward -€55,131
down €55,131 (-16.7%), from -€329,840 to -€384,971
- Trade debts +€29,892
up €29,892 (+38.5%), from €77,597 to €107,488
- Debts after one year -€22,660
down €22,660 (-66.1%), from €34,277 to €11,616
- Current portion of long-term debt -€12,472
down €12,472 (-35.5%), from €35,132 to €22,660
- Advances received -€11,731
down €11,731 (-94.4%), from €12,433 to €702
Income statement
- Gross operating margin +€82,378
up €82,378 (+33.7%), from €244,594 to €326,972
- Staff costs -€13,651
down €13,651 (-4.3%), from €319,604 to €305,953
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.
Result 2024
-€156,767
Gross operating margin
+€82,378
Staff costs
+€13,651
Depreciation
+€3,199
Other operating charges
-€349
Financial income
+€252
Financial charges
+€2,505
Result 2025
-€55,131
raises the resultlowers the result
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.
From operations
+€39,924
Investment
€0
Financing
-€35,132
Cash 2024
€11,123
From operations (derived)
+€39,924
Net result for the year
-€55,131
Depreciation
+€45,593
Stocks and contracts
+€34,712
Receivables within one year
-€3,277
Deferred charges and accrued income
-€3,323
Trade debts
+€29,892
Tax, wage and social debts
+€3,189
Advances received
-€11,731
Financing
-€35,132
Debts after one year
-€22,660
Current portion of long-term debt
-€12,472
Cash 2025
€15,915
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €901,123 | €832,210 | -€68,913 | -7.6% |
| Fixed assets | 21/28 | €255,339 | €209,746 | -€45,593 | -17.9% |
| Tangible fixed assets | 22/27 | €245,290 | €199,697 | -€45,593 | -18.6% |
| Land and buildings | 22 | €159,085 | €147,720 | -€11,365 | -7.1% |
| Plant, machinery and equipment | 23 | €23,845 | €16,721 | -€7,123 | -29.9% |
| Furniture and vehicles | 24 | €4,639 | €1,834 | -€2,805 | -60.5% |
| Leasing and similar rights | 25 | €57,721 | €33,421 | -€24,300 | -42.1% |
| Financial fixed assets | 28 | €10,049 | €10,049 | = | 0.0% |
| Current assets | 29/58 | €645,784 | €622,464 | -€23,320 | -3.6% |
| Stocks and contracts in progress | 3 | €511,155 | €476,443 | -€34,712 | -6.8% |
| Stocks | 30/36 | €511,155 | €476,443 | -€34,712 | -6.8% |
| Amounts receivable within one year | 40/41 | €119,336 | €122,612 | +€3,277 | +2.7% |
| Trade receivables | 40 | €119,336 | €122,612 | +€3,277 | +2.7% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €11,123 | €15,915 | +€4,792 | +43.1% |
| Deferred charges and accrued income | 490/1 | €4,170 | €7,493 | +€3,323 | +79.7% |
| Total equity and liabilities | 10/49 | €901,123 | €832,210 | -€68,913 | -7.6% |
| Equity | 10/15 | €468,056 | €412,925 | -€55,131 | -11.8% |
| Contributions | 10/11 | €718,891 | €718,891 | = | 0.0% |
| Capital | 10 | €710,004 | €710,004 | = | 0.0% |
| Issued capital | 100 | €710,004 | €710,004 | = | 0.0% |
| Contributions outside capital | 11 | €8,887 | €8,887 | = | 0.0% |
| Share premium | 1100/10 | €8,887 | €8,887 | = | 0.0% |
| Reserves | 13 | €79,004 | €79,004 | = | 0.0% |
| Non-distributable reserves | 130/1 | €23,500 | €23,500 | = | 0.0% |
| Legal reserve | 130 | €23,500 | €23,500 | = | 0.0% |
| Distributable reserves | 133 | €55,504 | €55,504 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€329,840 | -€384,971 | -€55,131 | -16.7% |
| Amounts payable | 17/49 | €433,067 | €419,286 | -€13,782 | -3.2% |
| Amounts payable after more than one year | 17 | €34,277 | €11,616 | -€22,660 | -66.1% |
| Financial debts | 170/4 | €34,277 | €11,616 | -€22,660 | -66.1% |
| Amounts payable within one year | 42/48 | €398,791 | €407,669 | +€8,878 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | €35,132 | €22,660 | -€12,472 | -35.5% |
| Financial debts | 43 | €250,000 | €250,000 | = | 0.0% |
| Credit institutions | 430/8 | €250,000 | €250,000 | = | 0.0% |
| Trade debts | 44 | €77,597 | €107,488 | +€29,892 | +38.5% |
| Suppliers | 440/4 | €77,597 | €107,488 | +€29,892 | +38.5% |
| Advances received on contracts in progress | 46 | €12,433 | €702 | -€11,731 | -94.4% |
| Taxes, remuneration and social security | 45 | €21,533 | €24,722 | +€3,189 | +14.8% |
| Taxes | 450/3 | €5,821 | €9,332 | +€3,511 | +60.3% |
| Remuneration and social security | 454/9 | €15,712 | €15,390 | -€322 | -2.0% |
| Other amounts payable | 47/48 | €2,097 | €2,097 | = | 0.0% |
| Non-recurring operating income | 76A | - | €12,433 | +€12,433 | |
| Remuneration, social security and pensions | 62 | €319,604 | €305,953 | -€13,651 | -4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,792 | €45,593 | -€3,199 | -6.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €13,851 | €14,200 | +€349 | +2.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €244,594 | €326,972 | +€82,378 | +33.7% |
| Operating profit (loss) | 9901 | -€137,653 | -€38,774 | +€98,879 | +71.8% |
| Financial income | 75/76B | €33 | €286 | +€252 | +759% |
| Recurring financial income | 75 | €33 | €286 | +€252 | +759% |
| Financial charges | 65/66B | €19,147 | €16,642 | -€2,505 | -13.1% |
| Recurring financial charges | 65 | €19,147 | €16,642 | -€2,505 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | -€156,767 | -€55,131 | +€101,636 | +64.8% |
| Profit (loss) for the period | 9904 | -€156,767 | -€55,131 | +€101,636 | +64.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€156,767 | -€55,131 | +€101,636 | +64.8% |
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 13 October 2026 via checked.be.