VAN HECKE RINUS: 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 RINUS
Largest movements
- Cash -€86,473
down €86,473 (-61.2%), from €141,216 to €54,743
mainly Investment in fixed assets (net) (-€61,039) and Receivables within one year (-€44,316)
- Tangible fixed assets +€46,779
up €46,779 (+164%), from €28,506 to €75,286
of which Furniture and vehicles: +€44,417
- Receivables within one year +€44,316
up €44,316 (+164%), from €27,088 to €71,405
of which Trade receivables: +€27,845
- Stocks and contracts +€8,272
up €8,272 (+1,896%), from €436 to €8,709
- Other debts +€5,428
up €5,428 (+363%), from €1,495 to €6,923
- Trade debts +€3,109
up €3,109 (+30.5%), from €10,190 to €13,300
- Depreciation +€4,047
up €4,047 (+39.6%), from €10,213 to €14,260
- Taxes -€1,217
down €1,217 (-67.1%), from €1,813 to €596
- Other operating charges +€983
up €983 (+63.0%), from €1,559 to €2,542
- Gross operating margin -€670
down €670 (-2.6%), from €25,852 to €25,182
- Financial charges +€434
up €434 (+7.1%), from €6,080 to €6,514
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 | €204,922 | €216,725 | +€11,802 | +5.8% |
| Fixed assets | 21/28 | €28,506 | €75,286 | +€46,779 | +164% |
| Tangible fixed assets | 22/27 | €28,506 | €75,286 | +€46,779 | +164% |
| Plant, machinery and equipment | 23 | €1,087 | €3,243 | +€2,156 | +198% |
| Furniture and vehicles | 24 | €24,193 | €68,610 | +€44,417 | +184% |
| Other tangible fixed assets | 26 | €3,226 | €3,433 | +€207 | +6.4% |
| Current assets | 29/58 | €176,416 | €141,439 | -€34,977 | -19.8% |
| Stocks and contracts in progress | 3 | €436 | €8,709 | +€8,272 | +1,896% |
| Stocks | 30/36 | €436 | €8,709 | +€8,272 | +1,896% |
| Amounts receivable within one year | 40/41 | €27,088 | €71,405 | +€44,316 | +164% |
| Trade receivables | 40 | €5,312 | €33,157 | +€27,845 | +524% |
| Other amounts receivable | 41 | €21,776 | €38,247 | +€16,471 | +75.6% |
| Cash at bank and in hand | 54/58 | €141,216 | €54,743 | -€86,473 | -61.2% |
| Deferred charges and accrued income | 490/1 | €7,675 | €6,582 | -€1,093 | -14.2% |
| Total equity and liabilities | 10/49 | €204,922 | €216,725 | +€11,802 | +5.8% |
| Equity | 10/15 | €184,170 | €185,455 | +€1,285 | +0.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €165,570 | €166,855 | +€1,285 | +0.8% |
| Distributable reserves | 133 | €165,570 | €166,855 | +€1,285 | +0.8% |
| Amounts payable | 17/49 | €20,753 | €31,270 | +€10,518 | +50.7% |
| Amounts payable within one year | 42/48 | €20,706 | €31,223 | +€10,517 | +50.8% |
| Trade debts | 44 | €10,190 | €13,300 | +€3,109 | +30.5% |
| Suppliers | 440/4 | €10,190 | €13,300 | +€3,109 | +30.5% |
| Taxes, remuneration and social security | 45 | €9,021 | €11,000 | +€1,979 | +21.9% |
| Taxes | 450/3 | €7,021 | €9,000 | +€1,979 | +28.2% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €1,495 | €6,923 | +€5,428 | +363% |
| Accrued charges and deferred income | 492/3 | €46 | €47 | +€1 | +2.0% |
| Non-recurring operating income | 76A | - | €5,000 | +€5,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,213 | €14,260 | +€4,047 | +39.6% |
| Other operating charges | 640/8 | €1,559 | €2,542 | +€983 | +63.0% |
| Non-recurring operating charges | 66A | €3,998 | €0 | -€3,998 | -100% |
| Gross operating margin | 9900 | €25,852 | €25,182 | -€670 | -2.6% |
| Operating profit (loss) | 9901 | €10,081 | €8,380 | -€1,701 | -16.9% |
| Financial income | 75/76B | €44 | €14 | -€29 | -67.1% |
| Recurring financial income | 75 | €44 | €14 | -€29 | -67.1% |
| Financial charges | 65/66B | €6,080 | €6,514 | +€434 | +7.1% |
| Recurring financial charges | 65 | €6,080 | €6,514 | +€434 | +7.1% |
| Profit (loss) for the period before taxes | 9903 | €4,045 | €1,880 | -€2,165 | -53.5% |
| Income taxes | 67/77 | €1,813 | €596 | -€1,217 | -67.1% |
| Profit (loss) for the period | 9904 | €2,233 | €1,285 | -€948 | -42.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,233 | €1,285 | -€948 | -42.5% |
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 25 October 2026 via checked.be.