VAN HECKE SVEN: 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 SVEN
Largest movements
- Cash -€361,355
down €361,355 (-73.4%), from €492,126 to €130,771
mainly Current investments (-€358,156) and Contributions, distributions and other (-€74,700)
- Current investments +€358,156
new in 2025: €358,156
- Receivables within one year +€11,599
up €11,599 (+95.5%), from €12,149 to €23,748
- Intangible fixed assets -€8,566
down €8,566 (-47.2%), from €18,166 to €9,600
No liability line moved by more than 1% of the balance sheet total.
- Staff costs +€27,710
up €27,710 (+36.5%), from €75,849 to €103,559
- Taxes -€12,017
down €12,017 (-27.2%), from €44,134 to €32,117
- Financial charges +€7,954
up €7,954 (+685%), from €1,162 to €9,116
- Gross operating margin -€6,255
down €6,255 (-2.7%), from €230,865 to €224,610
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 | €526,342 | €524,747 | -€1,595 | -0.3% |
| Fixed assets | 21/28 | €22,067 | €12,072 | -€9,995 | -45.3% |
| Intangible fixed assets | 21 | €18,166 | €9,600 | -€8,566 | -47.2% |
| Tangible fixed assets | 22/27 | €3,901 | €2,472 | -€1,429 | -36.6% |
| Plant, machinery and equipment | 23 | €3,901 | €2,472 | -€1,429 | -36.6% |
| Current assets | 29/58 | €504,275 | €512,675 | +€8,400 | +1.7% |
| Amounts receivable within one year | 40/41 | €12,149 | €23,748 | +€11,599 | +95.5% |
| Other amounts receivable | 41 | €12,149 | €23,748 | +€11,599 | +95.5% |
| Current investments | 50/53 | - | €358,156 | +€358,156 | |
| Cash at bank and in hand | 54/58 | €492,126 | €130,771 | -€361,355 | -73.4% |
| Total equity and liabilities | 10/49 | €526,342 | €524,747 | -€1,595 | -0.3% |
| Equity | 10/15 | €499,988 | €501,642 | +€1,653 | +0.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €481,388 | €483,042 | +€1,653 | +0.3% |
| Non-distributable reserves | 130/1 | €6,360 | €0 | -€6,360 | -100% |
| Reserves not available under the articles | 1311 | €6,360 | €0 | -€6,360 | -100% |
| Distributable reserves | 133 | €475,028 | €483,042 | +€8,013 | +1.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €26,354 | €23,105 | -€3,249 | -12.3% |
| Amounts payable within one year | 42/48 | €26,354 | €23,105 | -€3,249 | -12.3% |
| Trade debts | 44 | €247 | €846 | +€599 | +243% |
| Suppliers | 440/4 | €247 | €846 | +€599 | +243% |
| Taxes, remuneration and social security | 45 | €22,371 | €18,523 | -€3,848 | -17.2% |
| Taxes | 450/3 | €10,739 | €7,635 | -€3,104 | -28.9% |
| Remuneration and social security | 454/9 | €11,632 | €10,888 | -€744 | -6.4% |
| Other amounts payable | 47/48 | €3,736 | €3,736 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €75,849 | €103,559 | +€27,710 | +36.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,069 | €9,995 | -€2,074 | -17.2% |
| Other operating charges | 640/8 | €1,145 | €1,043 | -€101 | -8.9% |
| Gross operating margin | 9900 | €230,865 | €224,610 | -€6,255 | -2.7% |
| Operating profit (loss) | 9901 | €141,801 | €110,012 | -€31,789 | -22.4% |
| Financial income | 75/76B | €6,263 | €7,574 | +€1,311 | +20.9% |
| Recurring financial income | 75 | €6,263 | €7,574 | +€1,311 | +20.9% |
| Financial charges | 65/66B | €1,162 | €9,116 | +€7,954 | +685% |
| Recurring financial charges | 65 | €1,162 | €9,116 | +€7,954 | +685% |
| Profit (loss) for the period before taxes | 9903 | €146,902 | €108,470 | -€38,432 | -26.2% |
| Income taxes | 67/77 | €44,134 | €32,117 | -€12,017 | -27.2% |
| Profit (loss) for the period | 9904 | €102,768 | €76,353 | -€26,415 | -25.7% |
| Profit (loss) for the period to be appropriated | 9905 | €102,768 | €76,353 | -€26,415 | -25.7% |
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 31 October 2026 via checked.be.