Van Hemelen Immo: 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 Hemelen Immo
Largest movements
- Stocks and contracts +€212,270
up €212,270 (+78.6%), from €270,125 to €482,395
of which Stocks: +€212,270
- Cash -€157,877
down €157,877 (-70.9%), from €222,563 to €64,686
mainly Stocks and contracts (-€212,270) and Accrued charges and deferred income (-€75,855)
- Tangible fixed assets -€48,389
down €48,389 (-3.8%), from €1.3m to €1.2m
- Other debts +€97,947
up €97,947 (+15.2%), from €642,523 to €740,470
- Accrued charges and deferred income -€75,855
down €75,855 (-91.8%), from €82,597 to €6,742
- Debts after one year -€35,502
down €35,502 (-7.4%), from €477,595 to €442,093
- Gross operating margin +€22,944
up €22,944 (+38.9%), from €58,931 to €81,875
- Financial charges -€17,687
down €17,687 (-34.9%), from €50,608 to €32,921
- Financial income -€7,257
down €7,257 (-93.9%), from €7,732 to €475
- Depreciation +€1,460
up €1,460 (+3.1%), from €46,930 to €48,389
- Other operating charges +€1,409
up €1,409 (+20.7%), from €6,798 to €8,208
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 | €1,781,861 | €1,768,014 | -€13,847 | -0.8% |
| Fixed assets | 21/28 | €1,257,053 | €1,208,663 | -€48,389 | -3.8% |
| Tangible fixed assets | 22/27 | €1,257,053 | €1,208,663 | -€48,389 | -3.8% |
| Land and buildings | 22 | €1,257,053 | €1,208,663 | -€48,389 | -3.8% |
| Current assets | 29/58 | €524,808 | €559,350 | +€34,542 | +6.6% |
| Stocks and contracts in progress | 3 | €270,125 | €482,395 | +€212,270 | +78.6% |
| Stocks | 30/36 | €270,125 | €482,395 | +€212,270 | +78.6% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €26,792 | €12,269 | -€14,523 | -54.2% |
| Trade receivables | 40 | €2,828 | €2,828 | = | 0.0% |
| Other amounts receivable | 41 | €23,964 | €9,441 | -€14,523 | -60.6% |
| Cash at bank and in hand | 54/58 | €222,563 | €64,686 | -€157,877 | -70.9% |
| Deferred charges and accrued income | 490/1 | €5,328 | €0 | -€5,328 | -100% |
| Total equity and liabilities | 10/49 | €1,781,861 | €1,768,014 | -€13,847 | -0.8% |
| Equity | 10/15 | €133,270 | €126,101 | -€7,169 | -5.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €85,108 | €85,108 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €83,248 | €83,248 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,962 | €34,793 | -€7,169 | -17.1% |
| Amounts payable | 17/49 | €1,648,591 | €1,641,913 | -€6,679 | -0.4% |
| Amounts payable after more than one year | 17 | €477,595 | €442,093 | -€35,502 | -7.4% |
| Financial debts | 170/4 | €477,595 | €442,093 | -€35,502 | -7.4% |
| Amounts payable within one year | 42/48 | €1,088,400 | €1,193,078 | +€104,678 | +9.6% |
| Current portion of amounts payable after more than one year | 42 | €34,756 | €35,502 | +€746 | +2.1% |
| Financial debts | 43 | €403,037 | €408,000 | +€4,963 | +1.2% |
| Credit institutions | 430/8 | €403,037 | €408,000 | +€4,963 | +1.2% |
| Trade debts | 44 | €8,084 | €9,106 | +€1,022 | +12.6% |
| Suppliers | 440/4 | €8,084 | €9,106 | +€1,022 | +12.6% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €642,523 | €740,470 | +€97,947 | +15.2% |
| Accrued charges and deferred income | 492/3 | €82,597 | €6,742 | -€75,855 | -91.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,930 | €48,389 | +€1,460 | +3.1% |
| Other operating charges | 640/8 | €6,798 | €8,208 | +€1,409 | +20.7% |
| Gross operating margin | 9900 | €58,931 | €81,875 | +€22,944 | +38.9% |
| Operating profit (loss) | 9901 | €5,202 | €25,277 | +€20,075 | +386% |
| Financial income | 75/76B | €7,732 | €475 | -€7,257 | -93.9% |
| Recurring financial income | 75 | €7,732 | €475 | -€7,257 | -93.9% |
| Financial charges | 65/66B | €50,608 | €32,921 | -€17,687 | -34.9% |
| Recurring financial charges | 65 | €50,608 | €32,921 | -€17,687 | -34.9% |
| Profit (loss) for the period before taxes | 9903 | -€37,674 | -€7,169 | +€30,505 | +81.0% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€37,674 | -€7,169 | +€30,505 | +81.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,674 | -€7,169 | +€30,505 | +81.0% |
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 24 October 2026 via checked.be.