VAN HEES: 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 HEES
Largest movements
- Stocks and contracts -€2,368
no longer reported in 2025 (was €2,368)
- Tangible fixed assets -€766
no longer reported in 2025 (was €766)
- Receivables within one year +€578
up €578 (+18.2%), from €3,186 to €3,765
of which Trade receivables: +€427
- Cash +€535
up €535 (+26.1%), from €2,048 to €2,582
mainly Other debts (+€5,882) and Stocks and contracts (+€2,368)
- Profit (loss) carried forward -€6,150
down €6,150 (-21.7%), from -€28,348 to -€34,498
- Other debts +€5,882
up €5,882 (+36.2%), from €16,233 to €22,114
- Current portion of long-term debt -€939
no longer reported in 2025 (was €939)
- Trade debts -€814
down €814 (-53.7%), from €1,516 to €702
- Depreciation -€4,242
down €4,242 (-84.7%), from €5,008 to €766
- Gross operating margin -€2,061
down €2,061 (-147.8%), from -€1,394 to -€3,455
- Other operating charges -€363
down €363 (-34.0%), from €1,069 to €705
- Financial charges +€86
up €86 (+154.4%), from €56 to €142
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 | €11,089 | €9,067 | -€2,021 | -18.2% |
| Fixed assets | 21/28 | €3,487 | €2,720 | -€766 | -22.0% |
| Tangible fixed assets | 22/27 | €766 | - | -€766 | |
| Furniture and vehicles | 24 | €766 | - | -€766 | |
| Financial fixed assets | 28 | €2,720 | €2,720 | = | 0.0% |
| Current assets | 29/58 | €7,602 | €6,347 | -€1,255 | -16.5% |
| Stocks and contracts in progress | 3 | €2,368 | - | -€2,368 | |
| Stocks | 30/36 | €2,368 | - | -€2,368 | |
| Amounts receivable within one year | 40/41 | €3,186 | €3,765 | +€578 | +18.2% |
| Trade receivables | 40 | - | €427 | +€427 | |
| Other amounts receivable | 41 | €3,186 | €3,338 | +€152 | +4.8% |
| Cash at bank and in hand | 54/58 | €2,048 | €2,582 | +€535 | +26.1% |
| Total equity and liabilities | 10/49 | €11,089 | €9,067 | -€2,021 | -18.2% |
| Equity | 10/15 | -€7,897 | -€14,047 | -€6,150 | -77.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Outside capital | 11 | €18,592 | €18,592 | = | 0.0% |
| Other | 1109/19 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,348 | -€34,498 | -€6,150 | -21.7% |
| Amounts payable | 17/49 | €18,985 | €23,114 | +€4,129 | +21.7% |
| Amounts payable within one year | 42/48 | €18,985 | €23,114 | +€4,129 | +21.7% |
| Current portion of amounts payable after more than one year | 42 | €939 | - | -€939 | |
| Trade debts | 44 | €1,516 | €702 | -€814 | -53.7% |
| Suppliers | 440/4 | €1,516 | €702 | -€814 | -53.7% |
| Taxes, remuneration and social security | 45 | €298 | €297 | -€0 | 0.0% |
| Taxes | 450/3 | €298 | €297 | -€0 | 0.0% |
| Other amounts payable | 47/48 | €16,233 | €22,114 | +€5,882 | +36.2% |
| Remuneration, social security and pensions | 62 | €776 | €784 | +€8 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,008 | €766 | -€4,242 | -84.7% |
| Other operating charges | 640/8 | €1,069 | €705 | -€363 | -34.0% |
| Gross operating margin | 9900 | -€1,394 | -€3,455 | -€2,061 | -147.8% |
| Operating profit (loss) | 9901 | -€8,247 | -€5,711 | +€2,536 | +30.8% |
| Financial income | 75/76B | €1 | €0 | -€1 | -82.6% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -82.6% |
| Financial charges | 65/66B | €56 | €142 | +€86 | +154.4% |
| Recurring financial charges | 65 | €56 | €142 | +€86 | +154.4% |
| Profit (loss) for the period before taxes | 9903 | -€8,302 | -€5,853 | +€2,449 | +29.5% |
| Income taxes | 67/77 | €279 | €298 | +€19 | +6.7% |
| Profit (loss) for the period | 9904 | -€8,580 | -€6,150 | +€2,430 | +28.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,580 | -€6,150 | +€2,430 | +28.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.