VAN HECKE: 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 HECKE
Largest movements
- Tangible fixed assets -€39,233
down €39,233 (-5.9%), from €669,720 to €630,487
- Cash +€31,220
up €31,220 (+617%), from €5,064 to €36,284
mainly Depreciation (+€42,317) and Other debts (+€4,809)
- Reserves -€13,097
down €13,097 (-5.3%), from €246,301 to €233,204
of which Tax-exempt reserves: -€13,097
- Profit (loss) carried forward +€12,347
up €12,347 (+4.5%), from €273,608 to €285,954
- Other operating charges -€50,498
down €50,498 (-91.9%), from €54,963 to €4,465
- Write-downs +€27,938
new in 2025: €27,938
- Gross operating margin +€25,910
up €25,910 (+58.5%), from €44,326 to €70,237
- Depreciation +€10,994
up €10,994 (+35.1%), from €31,323 to €42,317
- Financial income -€1,536
down €1,536 (-98.5%), from €1,559 to €23
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 | €680,232 | €677,169 | -€3,063 | -0.5% |
| Fixed assets | 21/28 | €669,720 | €630,487 | -€39,233 | -5.9% |
| Tangible fixed assets | 22/27 | €669,720 | €630,487 | -€39,233 | -5.9% |
| Land and buildings | 22 | €669,720 | €630,487 | -€39,233 | -5.9% |
| Current assets | 29/58 | €10,512 | €46,682 | +€36,170 | +344% |
| Amounts receivable within one year | 40/41 | €4,384 | €9,313 | +€4,929 | +112% |
| Trade receivables | 40 | €4,384 | €9,313 | +€4,929 | +112% |
| Cash at bank and in hand | 54/58 | €5,064 | €36,284 | +€31,220 | +617% |
| Deferred charges and accrued income | 490/1 | €1,064 | €1,086 | +€21 | +2.0% |
| Total equity and liabilities | 10/49 | €680,232 | €677,169 | -€3,063 | -0.5% |
| Equity | 10/15 | €527,346 | €526,595 | -€750 | -0.1% |
| Contributions | 10/11 | €7,437 | €7,437 | = | 0.0% |
| Reserves | 13 | €246,301 | €233,204 | -€13,097 | -5.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €241,547 | €228,450 | -€13,097 | -5.4% |
| Distributable reserves | 133 | €2,894 | €2,894 | = | 0.0% |
| Profit (loss) carried forward | 14 | €273,608 | €285,954 | +€12,347 | +4.5% |
| Provisions and deferred taxes | 16 | €80,516 | €76,150 | -€4,366 | -5.4% |
| Deferred taxes | 168 | €80,516 | €76,150 | -€4,366 | -5.4% |
| Amounts payable | 17/49 | €72,371 | €74,424 | +€2,053 | +2.8% |
| Amounts payable within one year | 42/48 | €72,371 | €74,424 | +€2,053 | +2.8% |
| Trade debts | 44 | €2,756 | €0 | -€2,756 | -100% |
| Suppliers | 440/4 | €2,756 | €0 | -€2,756 | -100% |
| Other amounts payable | 47/48 | €69,615 | €74,424 | +€4,809 | +6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,323 | €42,317 | +€10,994 | +35.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €27,938 | +€27,938 | |
| Other operating charges | 640/8 | €54,963 | €4,465 | -€50,498 | -91.9% |
| Gross operating margin | 9900 | €44,326 | €70,237 | +€25,910 | +58.5% |
| Operating profit (loss) | 9901 | -€41,959 | -€4,483 | +€37,476 | +89.3% |
| Financial income | 75/76B | €1,559 | €23 | -€1,536 | -98.5% |
| Recurring financial income | 75 | €1,559 | €23 | -€1,536 | -98.5% |
| Financial charges | 65/66B | €555 | €656 | +€100 | +18.0% |
| Recurring financial charges | 65 | €555 | €656 | +€100 | +18.0% |
| Profit (loss) for the period before taxes | 9903 | -€40,955 | -€5,116 | +€35,839 | +87.5% |
| Transfer from deferred taxes | 780 | €4,366 | €4,366 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€36,590 | -€750 | +€35,839 | +97.9% |
| Transfer from tax-exempt reserves | 789 | €13,097 | €13,097 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,493 | €12,347 | +€35,839 |
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 13 October 2026 via checked.be.