VAN HENDE: 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.
What changed
VAN HENDE
NACE 46.341, Wholesale of wines and spirits
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.8m
2024 · €2.1m-€299,336
Equity
€8.2m
2024 · €6.5m+€1.8m
Cash
€152,778
2024 · €636,829-€484,051
Balance sheet total
€11.4m
2024 · €10.4m+€1.1m
Largest movements
Assets
- Stocks and contracts +€706,199
up €706,199 (+10.5%), from €6.7m to €7.4m
- Receivables within one year +€543,619
up €543,619 (+29.6%), from €1.8m to €2.4m
of which Other amounts receivable: +€504,864
- Cash -€484,051
down €484,051 (-76.0%), from €636,829 to €152,778
mainly Other debts (-€901,248) and Stocks and contracts (-€706,199)
- Tangible fixed assets +€326,015
up €326,015 (+106.4%), from €306,504 to €632,518
of which Other tangible fixed assets: +€233,660
Equity and liabilities
- Reserves +€1.8m
up €1.8m (+27.5%), from €6.4m to €8.1m
of which Distributable reserves: +€1.5m
- Other debts -€901,248
down €901,248 (-41.9%), from €2.2m to €1.3m
- Trade debts +€281,071
up €281,071 (+29.5%), from €954,134 to €1.2m
- Debts after one year -€131,582
down €131,582 (-100.0%), from €131,582 to €0
Income statement
- Goods and materials +€347,102
up €347,102 (+3.7%), from €9.4m to €9.7m
of which Change in stocks: decrease (increase): +€224,970
- Turnover +€150,426
up €150,426 (+1.1%), from €14.2m to €14.3m
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.
Result 2024
€2.1m
Turnover
+€150,426
Other operating income
+€8,071
Goods and materials
-€347,102
Services and other goods
-€55,995
Staff costs
+€36,292
Depreciation
-€15,637
Write-downs
+€35,167
Other operating charges
-€10,164
Financial income
+€12,546
Financial charges
-€44,827
Taxes
-€68,112
Result 2025
€1.8m
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.
From operations
+€123,519
Investment
-€439,283
Financing
-€168,287
Cash 2024
€636,829
From operations (derived)
+€123,519
Net result for the year
+€1.8m
Depreciation
+€113,268
Receivables after one year
+€50,000
Stocks and contracts
-€706,199
Receivables within one year
-€543,619
Deferred charges and accrued income
-€28,547
Trade debts
+€281,071
Tax, wage and social debts
-€33,024
Advances received
+€91,448
Other debts
-€901,248
Accrued charges and deferred income
+€40,275
Investment (derived)
-€439,283
Investment in fixed assets (net)
-€439,283
Financing
-€168,287
Debts after one year
-€131,582
Current portion of long-term debt
-€36,705
Cash 2025
€152,778
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,378,953 | €11,449,281 | +€1.1m | +10.3% |
| Fixed assets | 21/28 | €315,590 | €641,604 | +€326,015 | +103.3% |
| Tangible fixed assets | 22/27 | €306,504 | €632,518 | +€326,015 | +106.4% |
| Plant, machinery and equipment | 23 | €66,925 | €126,842 | +€59,917 | +89.5% |
| Furniture and vehicles | 24 | €199,219 | €231,656 | +€32,437 | +16.3% |
| Other tangible fixed assets | 26 | €40,359 | €274,020 | +€233,660 | +579.0% |
| Financial fixed assets | 28 | €9,086 | €9,086 | = | 0.0% |
| Affiliated companies | 280/1 | €62 | €62 | = | 0.0% |
| Participating interests | 280 | €62 | €62 | = | 0.0% |
| Other financial fixed assets | 284/8 | €9,024 | €9,024 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €9,024 | €9,024 | = | 0.0% |
| Current assets | 29/58 | €10,063,363 | €10,807,677 | +€744,314 | +7.4% |
| Amounts receivable after more than one year | 29 | €600,000 | €550,000 | -€50,000 | -8.3% |
| Other amounts receivable | 291 | €600,000 | €550,000 | -€50,000 | -8.3% |
| Stocks and contracts in progress | 3 | €6,730,343 | €7,436,542 | +€706,199 | +10.5% |
| Stocks | 30/36 | €6,730,343 | €7,436,542 | +€706,199 | +10.5% |
| Raw materials and consumables | 30/31 | €112,876 | €151,715 | +€38,839 | +34.4% |
| Goods purchased for resale | 34 | €6,617,466 | €7,284,826 | +€667,360 | +10.1% |
| Amounts receivable within one year | 40/41 | €1,839,113 | €2,382,731 | +€543,619 | +29.6% |
| Trade receivables | 40 | €1,584,747 | €1,623,501 | +€38,754 | +2.4% |
| Other amounts receivable | 41 | €254,366 | €759,230 | +€504,864 | +198.5% |
| Current investments | 50/53 | €250,000 | €250,000 | = | 0.0% |
| Other investments | 51/53 | €250,000 | €250,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €636,829 | €152,778 | -€484,051 | -76.0% |
| Deferred charges and accrued income | 490/1 | €7,079 | €35,626 | +€28,547 | +403.3% |
| Total equity and liabilities | 10/49 | €10,378,953 | €11,449,281 | +€1.1m | +10.3% |
| Equity | 10/15 | €6,464,171 | €8,224,265 | +€1.8m | +27.2% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | €74,368 | = | 0.0% |
| Issued capital | 100 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €6,389,803 | €8,149,897 | +€1.8m | +27.5% |
| Non-distributable reserves | 130/1 | €657,437 | €607,437 | -€50,000 | -7.6% |
| Legal reserve | 130 | €7,437 | €7,437 | = | 0.0% |
| Financial assistance | 1313 | €650,000 | €600,000 | -€50,000 | -7.7% |
| Tax-exempt reserves | 132 | €150,512 | €445,212 | +€294,700 | +195.8% |
| Distributable reserves | 133 | €5,581,854 | €7,097,248 | +€1.5m | +27.1% |
| Amounts payable | 17/49 | €3,914,782 | €3,225,016 | -€689,766 | -17.6% |
| Amounts payable after more than one year | 17 | €131,582 | €0 | -€131,582 | -100.0% |
| Financial debts | 170/4 | €131,582 | €0 | -€131,582 | -100.0% |
| Credit institutions | 173 | €131,582 | €0 | -€131,582 | -100.0% |
| Amounts payable within one year | 42/48 | €3,765,043 | €3,166,585 | -€598,458 | -15.9% |
| Current portion of amounts payable after more than one year | 42 | €168,281 | €131,576 | -€36,705 | -21.8% |
| Trade debts | 44 | €954,134 | €1,235,205 | +€281,071 | +29.5% |
| Suppliers | 440/4 | €954,134 | €1,235,205 | +€281,071 | +29.5% |
| Advances received on contracts in progress | 46 | €153,877 | €245,324 | +€91,448 | +59.4% |
| Taxes, remuneration and social security | 45 | €336,848 | €303,824 | -€33,024 | -9.8% |
| Taxes | 450/3 | €233,429 | €201,384 | -€32,045 | -13.7% |
| Remuneration and social security | 454/9 | €103,419 | €102,440 | -€980 | -0.9% |
| Other amounts payable | 47/48 | €2,151,902 | €1,250,655 | -€901,248 | -41.9% |
| Accrued charges and deferred income | 492/3 | €18,157 | €58,431 | +€40,275 | +221.8% |
| Operating income | 70/76A | €14,277,520 | €14,436,017 | +€158,497 | +1.1% |
| Turnover | 70 | €14,159,749 | €14,310,175 | +€150,426 | +1.1% |
| Other operating income | 74 | €117,771 | €125,841 | +€8,071 | +6.9% |
| Operating charges | 60/66A | €11,682,004 | €12,039,443 | +€357,439 | +3.1% |
| Goods for resale, raw materials and consumables | 60 | €9,402,400 | €9,749,502 | +€347,102 | +3.7% |
| Purchases | 600/8 | €10,362,045 | €10,484,177 | +€122,132 | +1.2% |
| Change in stocks: decrease (increase) | 609 | -€959,645 | -€734,675 | +€224,970 | +23.4% |
| Services and other goods | 61 | €1,307,018 | €1,363,013 | +€55,995 | +4.3% |
| Remuneration, social security and pensions | 62 | €809,802 | €773,510 | -€36,292 | -4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97,631 | €113,268 | +€15,637 | +16.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €56,042 | €20,875 | -€35,167 | -62.8% |
| Other operating charges | 640/8 | €9,111 | €19,275 | +€10,164 | +111.6% |
| Operating profit (loss) | 9901 | €2,595,516 | €2,396,574 | -€198,942 | -7.7% |
| Financial income | 75/76B | €33,241 | €45,787 | +€12,546 | +37.7% |
| Recurring financial income | 75 | €33,241 | €45,787 | +€12,546 | +37.7% |
| Income from financial fixed assets | 750 | €640 | €0 | -€640 | -100.0% |
| Income from current assets | 751 | €26,572 | €45,204 | +€18,632 | +70.1% |
| Other financial income | 752/9 | €6,029 | €583 | -€5,446 | -90.3% |
| Financial charges | 65/66B | €45,898 | €90,726 | +€44,827 | +97.7% |
| Recurring financial charges | 65 | €45,898 | €90,726 | +€44,827 | +97.7% |
| Debt charges | 650 | €35,098 | €74,209 | +€39,112 | +111.4% |
| Other financial charges | 652/9 | €10,801 | €16,517 | +€5,716 | +52.9% |
| Profit (loss) for the period before taxes | 9903 | €2,582,859 | €2,351,635 | -€231,224 | -9.0% |
| Income taxes | 67/77 | €523,429 | €591,541 | +€68,112 | +13.0% |
| Taxes | 670/3 | €523,429 | €591,541 | +€68,112 | +13.0% |
| Profit (loss) for the period | 9904 | €2,059,430 | €1,760,094 | -€299,336 | -14.5% |
| Transfer to tax-exempt reserves | 689 | €126,300 | €294,700 | +€168,400 | +133.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,933,130 | €1,465,394 | -€467,736 | -24.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.