Van Heester M.: 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 Heester M.
Largest movements
- Tangible fixed assets -€22,648
down €22,648 (-23.2%), from €97,684 to €75,036
of which Furniture and vehicles: -€23,660
- Cash -€12,813
down €12,813 (-19.3%), from €66,273 to €53,460
mainly Net result for the year (-€16,141) and Debts after one year (-€15,923)
- Stocks and contracts -€2,044
down €2,044 (-30.9%), from €6,621 to €4,577
- Profit (loss) carried forward -€16,141
down €16,141, from €1,555 to -€14,586
- Debts after one year -€15,923
down €15,923 (-31.1%), from €51,182 to €35,259
- Tax, wage and social debts -€2,142
down €2,142 (-24.7%), from €8,667 to €6,525
- Gross operating margin -€19,480
down €19,480 (-60.5%), from €32,179 to €12,699
- Taxes -€1,920
down €1,920 (-84.0%), from €2,285 to €365
- Financial charges -€887
down €887 (-24.7%), from €3,593 to €2,707
- Depreciation +€332
up €332 (+1.4%), from €24,316 to €24,648
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 | €173,668 | €137,453 | -€36,215 | -20.9% |
| Fixed assets | 21/28 | €97,944 | €75,297 | -€22,648 | -23.1% |
| Tangible fixed assets | 22/27 | €97,684 | €75,036 | -€22,648 | -23.2% |
| Plant, machinery and equipment | 23 | €3,670 | €4,682 | +€1,012 | +27.6% |
| Furniture and vehicles | 24 | €94,014 | €70,355 | -€23,660 | -25.2% |
| Financial fixed assets | 28 | €260 | €260 | = | 0.0% |
| Current assets | 29/58 | €75,724 | €62,156 | -€13,567 | -17.9% |
| Stocks and contracts in progress | 3 | €6,621 | €4,577 | -€2,044 | -30.9% |
| Stocks | 30/36 | €6,621 | €4,577 | -€2,044 | -30.9% |
| Amounts receivable within one year | 40/41 | €1,892 | €3,619 | +€1,727 | +91.2% |
| Trade receivables | 40 | €1,169 | €1,212 | +€43 | +3.7% |
| Other amounts receivable | 41 | €723 | €2,407 | +€1,683 | +233% |
| Cash at bank and in hand | 54/58 | €66,273 | €53,460 | -€12,813 | -19.3% |
| Deferred charges and accrued income | 490/1 | €938 | €500 | -€437 | -46.6% |
| Total equity and liabilities | 10/49 | €173,668 | €137,453 | -€36,215 | -20.9% |
| Equity | 10/15 | €86,055 | €68,248 | -€17,807 | -20.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €65,900 | €64,234 | -€1,666 | -2.5% |
| Distributable reserves | 133 | €65,900 | €64,234 | -€1,666 | -2.5% |
| Profit (loss) carried forward | 14 | €1,555 | -€14,586 | -€16,141 | |
| Amounts payable | 17/49 | €87,613 | €69,205 | -€18,408 | -21.0% |
| Amounts payable after more than one year | 17 | €51,182 | €35,259 | -€15,923 | -31.1% |
| Financial debts | 170/4 | €51,182 | €35,259 | -€15,923 | -31.1% |
| Amounts payable within one year | 42/48 | €36,431 | €33,946 | -€2,485 | -6.8% |
| Current portion of amounts payable after more than one year | 42 | €16,786 | €17,400 | +€614 | +3.7% |
| Trade debts | 44 | €3,633 | €3,025 | -€608 | -16.7% |
| Suppliers | 440/4 | €3,633 | €3,025 | -€608 | -16.7% |
| Advances received on contracts in progress | 46 | - | €170 | +€170 | |
| Taxes, remuneration and social security | 45 | €8,667 | €6,525 | -€2,142 | -24.7% |
| Taxes | 450/3 | €8,667 | €6,525 | -€2,142 | -24.7% |
| Other amounts payable | 47/48 | €7,345 | €6,826 | -€519 | -7.1% |
| Non-recurring operating income | 76A | €6,736 | - | -€6,736 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,316 | €24,648 | +€332 | +1.4% |
| Other operating charges | 640/8 | €1,226 | €1,187 | -€39 | -3.2% |
| Gross operating margin | 9900 | €32,179 | €12,699 | -€19,480 | -60.5% |
| Operating profit (loss) | 9901 | €6,638 | -€13,135 | -€19,773 | |
| Financial income | 75/76B | €46 | €66 | +€20 | +44.0% |
| Recurring financial income | 75 | €46 | €66 | +€20 | +44.0% |
| Financial charges | 65/66B | €3,593 | €2,707 | -€887 | -24.7% |
| Recurring financial charges | 65 | €3,593 | €2,707 | -€887 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | €3,090 | -€15,776 | -€18,866 | |
| Income taxes | 67/77 | €2,285 | €365 | -€1,920 | -84.0% |
| Profit (loss) for the period | 9904 | €805 | -€16,141 | -€16,946 | |
| Profit (loss) for the period to be appropriated | 9905 | €805 | -€16,141 | -€16,946 |
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 15 October 2026 via checked.be.