VAN HASSELS: 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 HASSELS
Largest movements
- Tangible fixed assets -€17,545
down €17,545 (-8.0%), from €218,007 to €200,462
of which Land and buildings: -€15,975
- Receivables within one year +€8,650
up €8,650 (+41.1%), from €21,059 to €29,708
of which Trade receivables: +€8,999
- Cash -€4,369
down €4,369 (-79.5%), from €5,499 to €1,130
mainly Debts after one year (-€15,498) and Short-term financial debts (-€10,426)
- Debts after one year -€15,498
down €15,498 (-16.8%), from €92,249 to €76,751
- Other debts +€14,369
up €14,369 (+42.2%), from €34,027 to €48,396
- Short-term financial debts -€10,426
down €10,426 (-86.4%), from €12,063 to €1,637
- Trade debts -€5,698
down €5,698 (-91.2%), from €6,250 to €552
- Current portion of long-term debt +€4,472
up €4,472 (+30.3%), from €14,751 to €19,223
- Financial charges -€3,281
down €3,281 (-32.5%), from €10,087 to €6,806
of which Non-recurring financial charges: -€2,456
- Gross operating margin +€1,980
up €1,980 (+8.7%), from €22,735 to €24,715
- Other operating charges +€780
up €780 (+59.1%), from €1,320 to €2,101
- Depreciation -€292
down €292 (-1.5%), from €19,279 to €18,987
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 | €254,108 | €238,109 | -€16,000 | -6.3% |
| Fixed assets | 21/28 | €218,007 | €200,462 | -€17,545 | -8.0% |
| Tangible fixed assets | 22/27 | €218,007 | €200,462 | -€17,545 | -8.0% |
| Land and buildings | 22 | €211,543 | €195,568 | -€15,975 | -7.6% |
| Plant, machinery and equipment | 23 | €3,255 | €3,066 | -€189 | -5.8% |
| Furniture and vehicles | 24 | €3,210 | €1,828 | -€1,381 | -43.0% |
| Current assets | 29/58 | €36,101 | €37,647 | +€1,546 | +4.3% |
| Stocks and contracts in progress | 3 | €6,774 | €4,585 | -€2,189 | -32.3% |
| Stocks | 30/36 | €6,774 | €4,585 | -€2,189 | -32.3% |
| Amounts receivable within one year | 40/41 | €21,059 | €29,708 | +€8,650 | +41.1% |
| Trade receivables | 40 | €20,424 | €29,422 | +€8,999 | +44.1% |
| Other amounts receivable | 41 | €635 | €286 | -€349 | -54.9% |
| Cash at bank and in hand | 54/58 | €5,499 | €1,130 | -€4,369 | -79.5% |
| Deferred charges and accrued income | 490/1 | €2,769 | €2,224 | -€545 | -19.7% |
| Total equity and liabilities | 10/49 | €254,108 | €238,109 | -€16,000 | -6.3% |
| Equity | 10/15 | €86,470 | €83,125 | -€3,345 | -3.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €70,328 | €70,328 | = | 0.0% |
| Distributable reserves | 133 | €70,328 | €70,328 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,701 | -€13,457 | -€2,756 | -25.8% |
| Investment grants | 15 | €8,242 | €7,654 | -€589 | -7.1% |
| Amounts payable | 17/49 | €167,639 | €154,984 | -€12,655 | -7.5% |
| Amounts payable after more than one year | 17 | €92,249 | €76,751 | -€15,498 | -16.8% |
| Financial debts | 170/4 | €92,249 | €76,751 | -€15,498 | -16.8% |
| Amounts payable within one year | 42/48 | €72,069 | €74,912 | +€2,843 | +3.9% |
| Current portion of amounts payable after more than one year | 42 | €14,751 | €19,223 | +€4,472 | +30.3% |
| Financial debts | 43 | €12,063 | €1,637 | -€10,426 | -86.4% |
| Credit institutions | 430/8 | €12,063 | €1,637 | -€10,426 | -86.4% |
| Trade debts | 44 | €6,250 | €552 | -€5,698 | -91.2% |
| Suppliers | 440/4 | €6,250 | €552 | -€5,698 | -91.2% |
| Taxes, remuneration and social security | 45 | €4,977 | €5,103 | +€126 | +2.5% |
| Taxes | 450/3 | €4,977 | €5,103 | +€126 | +2.5% |
| Other amounts payable | 47/48 | €34,027 | €48,396 | +€14,369 | +42.2% |
| Accrued charges and deferred income | 492/3 | €3,321 | €3,321 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,279 | €18,987 | -€292 | -1.5% |
| Other operating charges | 640/8 | €1,320 | €2,101 | +€780 | +59.1% |
| Gross operating margin | 9900 | €22,735 | €24,715 | +€1,980 | +8.7% |
| Operating profit (loss) | 9901 | €2,136 | €3,627 | +€1,491 | +69.8% |
| Financial income | 75/76B | €612 | €662 | +€50 | +8.1% |
| Recurring financial income | 75 | €612 | €662 | +€50 | +8.1% |
| Financial charges | 65/66B | €10,087 | €6,806 | -€3,281 | -32.5% |
| Recurring financial charges | 65 | €7,632 | €6,806 | -€825 | -10.8% |
| Non-recurring financial charges | 66B | €2,456 | €0 | -€2,456 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | -€7,340 | -€2,518 | +€4,822 | +65.7% |
| Income taxes | 67/77 | €261 | €239 | -€22 | -8.5% |
| Profit (loss) for the period | 9904 | -€7,600 | -€2,756 | +€4,844 | +63.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,600 | -€2,756 | +€4,844 | +63.7% |
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 4 October 2026 via checked.be.