VAN HASSELT BEN: 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 HASSELT BEN
Largest movements
- Tangible fixed assets +€83,943
up €83,943 (+12.5%), from €673,067 to €757,010
of which Plant, machinery and equipment: +€103,582
- Receivables within one year -€16,823
down €16,823 (-18.8%), from €89,390 to €72,567
of which Other amounts receivable: -€8,855
- Cash -€11,363
down €11,363 (-14.2%), from €80,113 to €68,750
mainly Investment in fixed assets (net) (-€232,584) and Debts after one year (-€12,487)
- Current portion of long-term debt +€39,351
up €39,351 (+46.1%), from €85,358 to €124,709
- Reserves +€23,158
up €23,158 (+29.7%), from €78,099 to €101,257
- Trade debts +€16,840
up €16,840 (+66.8%), from €25,223 to €42,062
- Debts after one year -€12,487
down €12,487 (-5.6%), from €224,522 to €212,035
- Other debts -€11,868
down €11,868 (-2.7%), from €431,618 to €419,750
- Depreciation +€28,946
up €28,946 (+24.2%), from €119,696 to €148,642
- Other operating charges -€9,278
down €9,278 (-83.7%), from €11,089 to €1,811
- Gross operating margin +€7,734
up €7,734 (+3.5%), from €219,071 to €226,805
- Staff costs +€2,841
up €2,841 (+7.2%), from €39,186 to €42,026
- Taxes +€2,376
new in 2025: €2,376
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 | €870,724 | €928,235 | +€57,511 | +6.6% |
| Fixed assets | 21/28 | €673,542 | €757,485 | +€83,943 | +12.5% |
| Tangible fixed assets | 22/27 | €673,067 | €757,010 | +€83,943 | +12.5% |
| Land and buildings | 22 | €235,534 | €223,490 | -€12,044 | -5.1% |
| Plant, machinery and equipment | 23 | €309,104 | €412,687 | +€103,582 | +33.5% |
| Furniture and vehicles | 24 | - | €13,654 | +€13,654 | |
| Leasing and similar rights | 25 | €128,429 | €107,179 | -€21,250 | -16.5% |
| Financial fixed assets | 28 | €475 | €475 | = | 0.0% |
| Current assets | 29/58 | €197,182 | €170,750 | -€26,432 | -13.4% |
| Stocks and contracts in progress | 3 | €20,859 | €22,597 | +€1,738 | +8.3% |
| Stocks | 30/36 | €20,859 | €22,597 | +€1,738 | +8.3% |
| Amounts receivable within one year | 40/41 | €89,390 | €72,567 | -€16,823 | -18.8% |
| Trade receivables | 40 | €77,911 | €69,943 | -€7,968 | -10.2% |
| Other amounts receivable | 41 | €11,479 | €2,624 | -€8,855 | -77.1% |
| Cash at bank and in hand | 54/58 | €80,113 | €68,750 | -€11,363 | -14.2% |
| Deferred charges and accrued income | 490/1 | €6,820 | €6,836 | +€16 | +0.2% |
| Total equity and liabilities | 10/49 | €870,724 | €928,235 | +€57,511 | +6.6% |
| Equity | 10/15 | €98,099 | €121,257 | +€23,158 | +23.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €78,099 | €101,257 | +€23,158 | +29.7% |
| Distributable reserves | 133 | €78,099 | €101,257 | +€23,158 | +29.7% |
| Amounts payable | 17/49 | €772,625 | €806,978 | +€34,353 | +4.4% |
| Amounts payable after more than one year | 17 | €224,522 | €212,035 | -€12,487 | -5.6% |
| Financial debts | 170/4 | €224,522 | €212,035 | -€12,487 | -5.6% |
| Amounts payable within one year | 42/48 | €548,084 | €594,943 | +€46,860 | +8.5% |
| Current portion of amounts payable after more than one year | 42 | €85,358 | €124,709 | +€39,351 | +46.1% |
| Trade debts | 44 | €25,223 | €42,062 | +€16,840 | +66.8% |
| Suppliers | 440/4 | €25,223 | €42,062 | +€16,840 | +66.8% |
| Taxes, remuneration and social security | 45 | €5,886 | €8,422 | +€2,536 | +43.1% |
| Taxes | 450/3 | €180 | €3,109 | +€2,929 | +1627.7% |
| Remuneration and social security | 454/9 | €5,706 | €5,313 | -€393 | -6.9% |
| Other amounts payable | 47/48 | €431,618 | €419,750 | -€11,868 | -2.7% |
| Accrued charges and deferred income | 492/3 | €20 | €0 | -€20 | -100.0% |
| Remuneration, social security and pensions | 62 | €39,186 | €42,026 | +€2,841 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €119,696 | €148,642 | +€28,946 | +24.2% |
| Other operating charges | 640/8 | €11,089 | €1,811 | -€9,278 | -83.7% |
| Gross operating margin | 9900 | €219,071 | €226,805 | +€7,734 | +3.5% |
| Operating profit (loss) | 9901 | €49,100 | €34,326 | -€14,774 | -30.1% |
| Financial income | 75/76B | €0 | €0 | -€0 | -50.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -50.0% |
| Financial charges | 65/66B | €8,269 | €8,792 | +€523 | +6.3% |
| Recurring financial charges | 65 | €8,269 | €8,792 | +€523 | +6.3% |
| Profit (loss) for the period before taxes | 9903 | €40,832 | €25,534 | -€15,298 | -37.5% |
| Income taxes | 67/77 | - | €2,376 | +€2,376 | |
| Profit (loss) for the period | 9904 | €40,832 | €23,158 | -€17,674 | -43.3% |
| Profit (loss) for the period to be appropriated | 9905 | €40,832 | €23,158 | -€17,674 | -43.3% |
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 29 September 2026 via checked.be.