VAN HERREWEGHE: 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 HERREWEGHE
Largest movements
- Receivables within one year +€173,485
up €173,485 (+141%), from €122,746 to €296,231
of which Trade receivables: +€151,016
- Cash -€111,211
down €111,211 (-22.2%), from €501,945 to €390,734
mainly Receivables within one year (-€173,485) and Investment in fixed assets (net) (-€85,326)
- Tangible fixed assets +€75,305
up €75,305 (+132%), from €57,000 to €132,305
of which Furniture and vehicles: +€79,160
- Other debts +€124,512
up €124,512 (+224%), from €55,612 to €180,123
- Trade debts +€26,109
up €26,109 (+252%), from €10,341 to €36,450
- Reserves -€10,811
down €10,811 (-4.0%), from €268,544 to €257,733
of which Distributable reserves: -€10,811
- Gross operating margin -€37,612
down €37,612 (-31.8%), from €118,319 to €80,707
- Taxes -€14,579
down €14,579 (-47.1%), from €30,945 to €16,366
- Financial income +€11,607
up €11,607 (+4,023%), from €289 to €11,895
- Financial charges -€9,399
down €9,399 (-69.2%), from €13,578 to €4,179
- Other operating charges -€1,726
down €1,726 (-34.6%), from €4,989 to €3,263
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 | €687,298 | €823,556 | +€136,258 | +19.8% |
| Fixed assets | 21/28 | €57,000 | €132,305 | +€75,305 | +132% |
| Tangible fixed assets | 22/27 | €57,000 | €132,305 | +€75,305 | +132% |
| Land and buildings | 22 | €47,495 | €41,728 | -€5,766 | -12.1% |
| Plant, machinery and equipment | 23 | €5,664 | €7,575 | +€1,911 | +33.7% |
| Furniture and vehicles | 24 | €3,842 | €83,002 | +€79,160 | +2,060% |
| Current assets | 29/58 | €630,298 | €691,251 | +€60,953 | +9.7% |
| Amounts receivable within one year | 40/41 | €122,746 | €296,231 | +€173,485 | +141% |
| Trade receivables | 40 | €86,730 | €237,746 | +€151,016 | +174% |
| Other amounts receivable | 41 | €36,016 | €58,485 | +€22,469 | +62.4% |
| Cash at bank and in hand | 54/58 | €501,945 | €390,734 | -€111,211 | -22.2% |
| Deferred charges and accrued income | 490/1 | €5,607 | €4,286 | -€1,321 | -23.6% |
| Total equity and liabilities | 10/49 | €687,298 | €823,556 | +€136,258 | +19.8% |
| Equity | 10/15 | €615,974 | €605,163 | -€10,811 | -1.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €268,544 | €257,733 | -€10,811 | -4.0% |
| Tax-exempt reserves | 132 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €263,544 | €252,733 | -€10,811 | -4.1% |
| Profit (loss) carried forward | 14 | €328,830 | €328,830 | = | 0.0% |
| Amounts payable | 17/49 | €71,324 | €218,393 | +€147,069 | +206% |
| Amounts payable within one year | 42/48 | €71,324 | €218,393 | +€147,069 | +206% |
| Current portion of amounts payable after more than one year | 42 | €4,344 | - | -€4,344 | |
| Trade debts | 44 | €10,341 | €36,450 | +€26,109 | +252% |
| Suppliers | 440/4 | €10,341 | €36,450 | +€26,109 | +252% |
| Taxes, remuneration and social security | 45 | €1,028 | €1,819 | +€791 | +77.0% |
| Taxes | 450/3 | €1,028 | €1,000 | -€28 | -2.7% |
| Remuneration and social security | 454/9 | - | €819 | +€819 | |
| Other amounts payable | 47/48 | €55,612 | €180,123 | +€124,512 | +224% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,075 | €10,022 | +€947 | +10.4% |
| Other operating charges | 640/8 | €4,989 | €3,263 | -€1,726 | -34.6% |
| Gross operating margin | 9900 | €118,319 | €80,707 | -€37,612 | -31.8% |
| Operating profit (loss) | 9901 | €104,255 | €67,423 | -€36,832 | -35.3% |
| Financial income | 75/76B | €289 | €11,895 | +€11,607 | +4,023% |
| Recurring financial income | 75 | €289 | €11,895 | +€11,607 | +4,023% |
| Financial charges | 65/66B | €13,578 | €4,179 | -€9,399 | -69.2% |
| Recurring financial charges | 65 | €13,578 | €4,179 | -€9,399 | -69.2% |
| Profit (loss) for the period before taxes | 9903 | €90,965 | €75,139 | -€15,826 | -17.4% |
| Income taxes | 67/77 | €30,945 | €16,366 | -€14,579 | -47.1% |
| Profit (loss) for the period | 9904 | €60,021 | €58,773 | -€1,247 | -2.1% |
| Profit (loss) for the period to be appropriated | 9905 | €60,021 | €58,773 | -€1,247 | -2.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.