VAN HAVER: 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 HAVER
Largest movements
- Current investments +€205,077
new in 2025: €205,077
- Cash -€198,344
down €198,344 (-61.5%), from €322,695 to €124,351
mainly Current investments (-€205,077) and Trade debts (-€20,932)
- Tangible fixed assets -€33,853
down €33,853 (-32.5%), from €104,086 to €70,233
of which Furniture and vehicles: -€25,778
- Receivables within one year +€12,818
up €12,818 (+13.3%), from €96,385 to €109,203
of which Other amounts receivable: +€17,260
- Trade debts -€20,932
down €20,932 (-95.1%), from €22,005 to €1,074
- Reserves +€8,493
up €8,493 (+1.7%), from €508,246 to €516,739
- Depreciation +€4,856
up €4,856 (+16.5%), from €29,485 to €34,340
- Other operating charges +€4,752
up €4,752 (+137.1%), from €3,467 to €8,219
- Gross operating margin +€4,134
up €4,134 (+8.0%), from €51,605 to €55,739
- Taxes +€1,951
up €1,951 (+55.7%), from €3,504 to €5,455
- Financial income +€1,845
up €1,845 (+352.8%), from €523 to €2,368
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 | €556,633 | €543,937 | -€12,695 | -2.3% |
| Fixed assets | 21/28 | €104,086 | €70,233 | -€33,853 | -32.5% |
| Tangible fixed assets | 22/27 | €104,086 | €70,233 | -€33,853 | -32.5% |
| Plant, machinery and equipment | 23 | €9,682 | €1,607 | -€8,075 | -83.4% |
| Furniture and vehicles | 24 | €94,404 | €68,626 | -€25,778 | -27.3% |
| Current assets | 29/58 | €452,546 | €473,704 | +€21,158 | +4.7% |
| Stocks and contracts in progress | 3 | €33,467 | €33,467 | = | 0.0% |
| Stocks | 30/36 | €33,467 | €33,467 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €96,385 | €109,203 | +€12,818 | +13.3% |
| Trade receivables | 40 | €82,971 | €78,529 | -€4,442 | -5.4% |
| Other amounts receivable | 41 | €13,413 | €30,674 | +€17,260 | +128.7% |
| Current investments | 50/53 | - | €205,077 | +€205,077 | |
| Cash at bank and in hand | 54/58 | €322,695 | €124,351 | -€198,344 | -61.5% |
| Deferred charges and accrued income | 490/1 | - | €1,606 | +€1,606 | |
| Total equity and liabilities | 10/49 | €556,633 | €543,937 | -€12,695 | -2.3% |
| Equity | 10/15 | €526,838 | €535,331 | +€8,493 | +1.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €508,246 | €516,739 | +€8,493 | +1.7% |
| Distributable reserves | 133 | €508,246 | €516,739 | +€8,493 | +1.7% |
| Amounts payable | 17/49 | €29,794 | €8,606 | -€21,188 | -71.1% |
| Amounts payable within one year | 42/48 | €29,794 | €8,606 | -€21,188 | -71.1% |
| Financial debts | 43 | - | €1,771 | +€1,771 | |
| Credit institutions | 430/8 | - | €1,771 | +€1,771 | |
| Trade debts | 44 | €22,005 | €1,074 | -€20,932 | -95.1% |
| Suppliers | 440/4 | €22,005 | €1,074 | -€20,932 | -95.1% |
| Taxes, remuneration and social security | 45 | €6,189 | €4,162 | -€2,027 | -32.8% |
| Taxes | 450/3 | €6,189 | €4,162 | -€2,027 | -32.8% |
| Other amounts payable | 47/48 | €1,600 | €1,600 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,485 | €34,340 | +€4,856 | +16.5% |
| Other operating charges | 640/8 | €3,467 | €8,219 | +€4,752 | +137.1% |
| Non-recurring operating charges | 66A | €5,951 | - | -€5,951 | |
| Gross operating margin | 9900 | €51,605 | €55,739 | +€4,134 | +8.0% |
| Operating profit (loss) | 9901 | €12,703 | €13,180 | +€477 | +3.8% |
| Financial income | 75/76B | €523 | €2,368 | +€1,845 | +352.8% |
| Recurring financial income | 75 | €523 | €2,368 | +€1,845 | +352.8% |
| Financial charges | 65/66B | €320 | €1,601 | +€1,281 | +400.5% |
| Recurring financial charges | 65 | €320 | €1,601 | +€1,281 | +400.5% |
| Profit (loss) for the period before taxes | 9903 | €12,906 | €13,947 | +€1,041 | +8.1% |
| Income taxes | 67/77 | €3,504 | €5,455 | +€1,951 | +55.7% |
| Profit (loss) for the period | 9904 | €9,402 | €8,493 | -€910 | -9.7% |
| Profit (loss) for the period to be appropriated | 9905 | €9,402 | €8,493 | -€910 | -9.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.