VAN HAME: what changed
Two fiscal 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 HAME
Largest movements
- Tangible fixed assets +€83,937
up €83,937 (+302.8%), from €27,718 to €111,655
of which Leasing and similar rights: +€65,570
- Cash +€47,161
up €47,161 (+83.0%), from €56,829 to €103,990
mainly Net result for the year (+€64,537) and Debts after one year (+€63,503)
- Receivables within one year +€32,904
up €32,904 (+13.0%), from €252,395 to €285,299
of which Trade receivables: +€21,833
- Deferred charges and accrued income -€10,312
down €10,312 (-52.4%), from €19,685 to €9,374
- Debts after one year +€63,503
new in 2025: €63,503
- Tax, wage and social debts +€49,884
up €49,884 (+90.0%), from €55,435 to €105,319
of which Taxes: +€32,996
- Profit (loss) carried forward +€44,537
up €44,537 (+28.4%), from €156,609 to €201,146
- Trade debts -€26,298
down €26,298 (-27.9%), from €94,350 to €68,052
- Reserves +€20,000
up €20,000 (+133.3%), from €15,000 to €35,000
- Gross operating margin +€232,027
up €232,027 (+36.3%), from €639,516 to €871,543
- Staff costs +€140,384
up €140,384 (+31.4%), from €446,596 to €586,980
- Other operating charges +€32,902
up €32,902 (+27.4%), from €120,189 to €153,091
- Taxes +€17,840
up €17,840 (+333.5%), from €5,349 to €23,189
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 | €367,012 | €521,201 | +€154,189 | +42.0% |
| Fixed assets | 21/28 | €38,103 | €122,538 | +€84,435 | +221.6% |
| Tangible fixed assets | 22/27 | €27,718 | €111,655 | +€83,937 | +302.8% |
| Plant, machinery and equipment | 23 | €151 | €12 | -€138 | -91.7% |
| Furniture and vehicles | 24 | €3,335 | €22,139 | +€18,804 | +563.8% |
| Leasing and similar rights | 25 | €23,575 | €89,145 | +€65,570 | +278.1% |
| Other tangible fixed assets | 26 | €657 | €358 | -€299 | -45.5% |
| Financial fixed assets | 28 | €10,385 | €10,883 | +€498 | +4.8% |
| Current assets | 29/58 | €328,909 | €398,663 | +€69,754 | +21.2% |
| Amounts receivable within one year | 40/41 | €252,395 | €285,299 | +€32,904 | +13.0% |
| Trade receivables | 40 | €122,999 | €144,833 | +€21,833 | +17.8% |
| Other amounts receivable | 41 | €129,396 | €140,467 | +€11,071 | +8.6% |
| Cash at bank and in hand | 54/58 | €56,829 | €103,990 | +€47,161 | +83.0% |
| Deferred charges and accrued income | 490/1 | €19,685 | €9,374 | -€10,312 | -52.4% |
| Total equity and liabilities | 10/49 | €367,012 | €521,201 | +€154,189 | +42.0% |
| Equity | 10/15 | €185,869 | €250,406 | +€64,537 | +34.7% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €15,000 | €35,000 | +€20,000 | +133.3% |
| Distributable reserves | 133 | €15,000 | €35,000 | +€20,000 | +133.3% |
| Profit (loss) carried forward | 14 | €156,609 | €201,146 | +€44,537 | +28.4% |
| Amounts payable | 17/49 | €181,143 | €270,794 | +€89,652 | +49.5% |
| Amounts payable after more than one year | 17 | - | €63,503 | +€63,503 | |
| Financial debts | 170/4 | - | €63,503 | +€63,503 | |
| Amounts payable within one year | 42/48 | €175,383 | €204,291 | +€28,909 | +16.5% |
| Current portion of amounts payable after more than one year | 42 | €25,598 | €30,921 | +€5,323 | +20.8% |
| Trade debts | 44 | €94,350 | €68,052 | -€26,298 | -27.9% |
| Suppliers | 440/4 | €94,350 | €68,052 | -€26,298 | -27.9% |
| Taxes, remuneration and social security | 45 | €55,435 | €105,319 | +€49,884 | +90.0% |
| Taxes | 450/3 | €22,728 | €55,724 | +€32,996 | +145.2% |
| Remuneration and social security | 454/9 | €32,707 | €49,595 | +€16,888 | +51.6% |
| Accrued charges and deferred income | 492/3 | €5,760 | €3,000 | -€2,760 | -47.9% |
| Remuneration, social security and pensions | 62 | €446,596 | €586,980 | +€140,384 | +31.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,843 | €41,860 | -€983 | -2.3% |
| Other operating charges | 640/8 | €120,189 | €153,091 | +€32,902 | +27.4% |
| Gross operating margin | 9900 | €639,516 | €871,543 | +€232,027 | +36.3% |
| Operating profit (loss) | 9901 | €29,888 | €89,613 | +€59,725 | +199.8% |
| Financial income | 75/76B | €5,025 | €8,346 | +€3,321 | +66.1% |
| Recurring financial income | 75 | €5,025 | €8,346 | +€3,321 | +66.1% |
| Financial charges | 65/66B | €10,058 | €10,232 | +€174 | +1.7% |
| Recurring financial charges | 65 | €10,058 | €10,232 | +€174 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | €24,855 | €87,727 | +€62,872 | +253.0% |
| Income taxes | 67/77 | €5,349 | €23,189 | +€17,840 | +333.5% |
| Profit (loss) for the period | 9904 | €19,505 | €64,537 | +€45,032 | +230.9% |
| Profit (loss) for the period to be appropriated | 9905 | €19,505 | €64,537 | +€45,032 | +230.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.