VAN HAUTEGEM: 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 HAUTEGEM
Largest movements
- Current investments +€649,631
up €649,631 (+325%), from €200,000 to €849,631
- Stocks and contracts -€199,848
down €199,848 (-100%), from €199,848 to €0
- Tangible fixed assets -€105,366
down €105,366 (-64.0%), from €164,652 to €59,286
- Cash -€103,389
down €103,389 (-33.6%), from €307,514 to €204,125
mainly Current investments (-€649,631) and Contributions, distributions and other (-€186,990)
- Intangible fixed assets -€70,000
down €70,000 (-100%), from €70,000 to €0
- Reserves +€258,445
up €258,445 (+33.9%), from €762,889 to €1.0m
of which Distributable reserves: +€351,065
- Trade debts -€65,710
down €65,710 (-95.9%), from €68,494 to €2,784
- Current portion of long-term debt -€30,886
down €30,886 (-100%), from €30,886 to €0
- Debts after one year -€15,580
down €15,580 (-38.4%), from €40,580 to €25,000
of which Financial debts: -€15,580
- Tax, wage and social debts -€12,649
down €12,649 (-13.9%), from €90,915 to €78,266
of which Remuneration and social security: -€41,911
- Gross operating margin +€285,828
up €285,828 (+53.8%), from €531,236 to €817,065
- Taxes +€177,317
up €177,317 (+436%), from €40,645 to €217,963
- Staff costs -€170,423
down €170,423 (-56.4%), from €302,361 to €131,938
- Depreciation -€33,414
down €33,414 (-57.2%), from €58,434 to €25,020
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,036,943 | €1,168,422 | +€131,479 | +12.7% |
| Fixed assets | 21/28 | €234,777 | €59,286 | -€175,491 | -74.7% |
| Intangible fixed assets | 21 | €70,000 | €0 | -€70,000 | -100% |
| Tangible fixed assets | 22/27 | €164,652 | €59,286 | -€105,366 | -64.0% |
| Plant, machinery and equipment | 23 | €20,636 | €149 | -€20,486 | -99.3% |
| Furniture and vehicles | 24 | €93,072 | €59,137 | -€33,935 | -36.5% |
| Other tangible fixed assets | 26 | €50,944 | €0 | -€50,944 | -100% |
| Financial fixed assets | 28 | €125 | €0 | -€125 | -100% |
| Current assets | 29/58 | €802,166 | €1,109,136 | +€306,969 | +38.3% |
| Stocks and contracts in progress | 3 | €199,848 | €0 | -€199,848 | -100% |
| Stocks | 30/36 | €199,848 | €0 | -€199,848 | -100% |
| Amounts receivable within one year | 40/41 | €84,041 | €44,425 | -€39,616 | -47.1% |
| Trade receivables | 40 | €77,187 | €2,008 | -€75,179 | -97.4% |
| Other amounts receivable | 41 | €6,854 | €42,417 | +€35,563 | +519% |
| Current investments | 50/53 | €200,000 | €849,631 | +€649,631 | +325% |
| Cash at bank and in hand | 54/58 | €307,514 | €204,125 | -€103,389 | -33.6% |
| Deferred charges and accrued income | 490/1 | €10,764 | €10,955 | +€191 | +1.8% |
| Total equity and liabilities | 10/49 | €1,036,943 | €1,168,422 | +€131,479 | +12.7% |
| Equity | 10/15 | €781,439 | €1,039,884 | +€258,445 | +33.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €762,889 | €1,021,334 | +€258,445 | +33.9% |
| Tax-exempt reserves | 132 | €92,620 | €0 | -€92,620 | -100% |
| Distributable reserves | 133 | €670,269 | €1,021,334 | +€351,065 | +52.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €255,504 | €128,538 | -€126,966 | -49.7% |
| Amounts payable after more than one year | 17 | €40,580 | €25,000 | -€15,580 | -38.4% |
| Financial debts | 170/4 | €15,580 | €0 | -€15,580 | -100% |
| Other amounts payable | 178/9 | €25,000 | €25,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €214,924 | €103,538 | -€111,386 | -51.8% |
| Current portion of amounts payable after more than one year | 42 | €30,886 | €0 | -€30,886 | -100% |
| Trade debts | 44 | €68,494 | €2,784 | -€65,710 | -95.9% |
| Suppliers | 440/4 | €68,494 | €2,784 | -€65,710 | -95.9% |
| Taxes, remuneration and social security | 45 | €90,915 | €78,266 | -€12,649 | -13.9% |
| Taxes | 450/3 | €49,004 | €78,266 | +€29,261 | +59.7% |
| Remuneration and social security | 454/9 | €41,911 | €0 | -€41,911 | -100% |
| Other amounts payable | 47/48 | €24,629 | €22,488 | -€2,141 | -8.7% |
| Non-recurring operating income | 76A | €2,149 | €619,575 | +€617,426 | +28,734% |
| Remuneration, social security and pensions | 62 | €302,361 | €131,938 | -€170,423 | -56.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,434 | €25,020 | -€33,414 | -57.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,297 | €3,081 | +€784 | +34.1% |
| Other operating charges | 640/8 | €8,838 | €6,838 | -€2,000 | -22.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €531,236 | €817,065 | +€285,828 | +53.8% |
| Operating profit (loss) | 9901 | €159,306 | €650,188 | +€490,882 | +308% |
| Financial income | 75/76B | €17,193 | €19,580 | +€2,388 | +13.9% |
| Recurring financial income | 75 | €17,193 | €19,580 | +€2,388 | +13.9% |
| Financial charges | 65/66B | €5,572 | €6,372 | +€799 | +14.3% |
| Recurring financial charges | 65 | €5,572 | €6,372 | +€799 | +14.3% |
| Profit (loss) for the period before taxes | 9903 | €170,927 | €663,397 | +€492,470 | +288% |
| Income taxes | 67/77 | €40,645 | €217,963 | +€177,317 | +436% |
| Profit (loss) for the period | 9904 | €130,281 | €445,434 | +€315,153 | +242% |
| Transfer from tax-exempt reserves | 789 | €84,200 | €92,620 | +€8,420 | +10.0% |
| Profit (loss) for the period to be appropriated | 9905 | €214,481 | €538,054 | +€323,573 | +151% |
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 14 October 2026 via checked.be.