Van Hemelen Projects: 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 Hemelen Projects
Largest movements
- Cash +€439,552
up €439,552 (+533.0%), from €82,468 to €522,020
mainly Other debts (+€174,831) and Short-term financial debts (+€88,386)
- Stocks and contracts -€40,321
down €40,321 (-9.4%), from €428,629 to €388,308
- Receivables within one year -€39,087
down €39,087 (-91.0%), from €42,959 to €3,872
of which Other amounts receivable: -€21,684
- Other debts +€174,831
up €174,831 (+2261.3%), from €7,732 to €182,563
- Short-term financial debts +€88,386
up €88,386 (+20.2%), from €438,600 to €526,986
- Trade debts +€79,068
up €79,068 (+931.9%), from €8,485 to €87,552
- Reserves +€54,230
up €54,230 (+324.5%), from €16,714 to €70,944
- Tax, wage and social debts -€35,995
down €35,995 (-51.0%), from €70,526 to €34,531
- Gross operating margin +€69,540
up €69,540 (+147.6%), from €47,103 to €116,643
- Financial charges +€20,899
up €20,899 (+84.5%), from €24,731 to €45,631
- Taxes +€12,505
up €12,505 (+224.5%), from €5,571 to €18,077
- Financial income +€1,383
up €1,383 (+4287.0%), from €32 to €1,415
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 | €554,055 | €914,200 | +€360,144 | +65.0% |
| Current assets | 29/58 | €554,055 | €914,200 | +€360,144 | +65.0% |
| Stocks and contracts in progress | 3 | €428,629 | €388,308 | -€40,321 | -9.4% |
| Stocks | 30/36 | €428,629 | €388,308 | -€40,321 | -9.4% |
| Amounts receivable within one year | 40/41 | €42,959 | €3,872 | -€39,087 | -91.0% |
| Trade receivables | 40 | €21,274 | €3,872 | -€17,403 | -81.8% |
| Other amounts receivable | 41 | €21,684 | €0 | -€21,684 | -100.0% |
| Cash at bank and in hand | 54/58 | €82,468 | €522,020 | +€439,552 | +533.0% |
| Total equity and liabilities | 10/49 | €554,055 | €914,200 | +€360,144 | +65.0% |
| Equity | 10/15 | €26,714 | €80,944 | +€54,230 | +203.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €16,714 | €70,944 | +€54,230 | +324.5% |
| Distributable reserves | 133 | €16,714 | €70,944 | +€54,230 | +324.5% |
| Amounts payable | 17/49 | €527,341 | €833,255 | +€305,914 | +58.0% |
| Amounts payable within one year | 42/48 | €525,342 | €831,632 | +€306,290 | +58.3% |
| Financial debts | 43 | €438,600 | €526,986 | +€88,386 | +20.2% |
| Credit institutions | 430/8 | €438,600 | €526,986 | +€88,386 | +20.2% |
| Trade debts | 44 | €8,485 | €87,552 | +€79,068 | +931.9% |
| Suppliers | 440/4 | €8,485 | €87,552 | +€79,068 | +931.9% |
| Taxes, remuneration and social security | 45 | €70,526 | €34,531 | -€35,995 | -51.0% |
| Taxes | 450/3 | €70,526 | €34,531 | -€35,995 | -51.0% |
| Other amounts payable | 47/48 | €7,732 | €182,563 | +€174,831 | +2261.3% |
| Accrued charges and deferred income | 492/3 | €1,999 | €1,623 | -€376 | -18.8% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €47,103 | €116,643 | +€69,540 | +147.6% |
| Operating profit (loss) | 9901 | €46,985 | €116,523 | +€69,538 | +148.0% |
| Financial income | 75/76B | €32 | €1,415 | +€1,383 | +4287.0% |
| Recurring financial income | 75 | €32 | €1,415 | +€1,383 | +4287.0% |
| Financial charges | 65/66B | €24,731 | €45,631 | +€20,899 | +84.5% |
| Recurring financial charges | 65 | €24,731 | €45,631 | +€20,899 | +84.5% |
| Profit (loss) for the period before taxes | 9903 | €22,286 | €72,307 | +€50,022 | +224.5% |
| Income taxes | 67/77 | €5,571 | €18,077 | +€12,505 | +224.5% |
| Profit (loss) for the period | 9904 | €16,714 | €54,230 | +€37,516 | +224.5% |
| Profit (loss) for the period to be appropriated | 9905 | €16,714 | €54,230 | +€37,516 | +224.5% |
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 8 October 2026 via checked.be.