VAN HEE J.: 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 HEE J.
Largest movements
- Tangible fixed assets +€62,193
up €62,193 (+376%), from €16,531 to €78,724
of which Furniture and vehicles: +€63,929
- Cash -€40,254
down €40,254 (-47.5%), from €84,791 to €44,537
mainly Investment in fixed assets (net) (-€81,294) and Receivables within one year (-€7,642)
- Receivables within one year +€7,642
up €7,642 (+34.2%), from €22,346 to €29,988
of which Trade receivables: +€9,795
- Reserves +€28,629
up €28,629 (+26.6%), from €107,761 to €136,390
- Other debts +€4,849
new in 2025: €4,849
- Tax, wage and social debts -€2,555
down €2,555 (-48.3%), from €5,286 to €2,731
- Trade debts -€2,358
down €2,358 (-93.5%), from €2,521 to €163
- Depreciation +€11,482
up €11,482 (+151%), from €7,619 to €19,101
- Taxes -€2,766
down €2,766 (-17.8%), from €15,510 to €12,744
- Gross operating margin +€1,003
up €1,003 (+1.6%), from €61,157 to €62,160
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 | €127,968 | €156,533 | +€28,565 | +22.3% |
| Fixed assets | 21/28 | €17,152 | €79,345 | +€62,193 | +363% |
| Tangible fixed assets | 22/27 | €16,531 | €78,724 | +€62,193 | +376% |
| Land and buildings | 22 | €7,995 | €6,845 | -€1,150 | -14.4% |
| Plant, machinery and equipment | 23 | €4,629 | €4,043 | -€586 | -12.7% |
| Furniture and vehicles | 24 | €3,907 | €67,836 | +€63,929 | +1,636% |
| Financial fixed assets | 28 | €621 | €621 | = | 0.0% |
| Current assets | 29/58 | €110,816 | €77,188 | -€33,628 | -30.3% |
| Amounts receivable within one year | 40/41 | €22,346 | €29,988 | +€7,642 | +34.2% |
| Trade receivables | 40 | €12,937 | €22,732 | +€9,795 | +75.7% |
| Other amounts receivable | 41 | €9,409 | €7,256 | -€2,153 | -22.9% |
| Cash at bank and in hand | 54/58 | €84,791 | €44,537 | -€40,254 | -47.5% |
| Deferred charges and accrued income | 490/1 | €3,679 | €2,663 | -€1,016 | -27.6% |
| Total equity and liabilities | 10/49 | €127,968 | €156,533 | +€28,565 | +22.3% |
| Equity | 10/15 | €120,161 | €148,790 | +€28,629 | +23.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €107,761 | €136,390 | +€28,629 | +26.6% |
| Distributable reserves | 133 | €107,761 | €136,390 | +€28,629 | +26.6% |
| Amounts payable | 17/49 | €7,807 | €7,743 | -€64 | -0.8% |
| Amounts payable within one year | 42/48 | €7,807 | €7,743 | -€64 | -0.8% |
| Trade debts | 44 | €2,521 | €163 | -€2,358 | -93.5% |
| Suppliers | 440/4 | €2,521 | €163 | -€2,358 | -93.5% |
| Taxes, remuneration and social security | 45 | €5,286 | €2,731 | -€2,555 | -48.3% |
| Taxes | 450/3 | €5,286 | €2,731 | -€2,555 | -48.3% |
| Other amounts payable | 47/48 | - | €4,849 | +€4,849 | |
| Non-recurring operating income | 76A | - | €19,000 | +€19,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,619 | €19,101 | +€11,482 | +151% |
| Other operating charges | 640/8 | €1,188 | €1,564 | +€376 | +31.6% |
| Gross operating margin | 9900 | €61,157 | €62,160 | +€1,003 | +1.6% |
| Operating profit (loss) | 9901 | €52,350 | €41,495 | -€10,855 | -20.7% |
| Financial charges | 65/66B | €62 | €122 | +€60 | +96.8% |
| Recurring financial charges | 65 | €62 | €122 | +€60 | +96.8% |
| Profit (loss) for the period before taxes | 9903 | €52,288 | €41,373 | -€10,915 | -20.9% |
| Income taxes | 67/77 | €15,510 | €12,744 | -€2,766 | -17.8% |
| Profit (loss) for the period | 9904 | €36,778 | €28,629 | -€8,149 | -22.2% |
| Profit (loss) for the period to be appropriated | 9905 | €36,778 | €28,629 | -€8,149 | -22.2% |
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 20 October 2026 via checked.be.