Van Herzeele: 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 Herzeele
Largest movements
- Cash +€144,129
up €144,129 (+103.9%), from €138,782 to €282,911
mainly Net result for the year (+€142,235) and Tax, wage and social debts (+€42,725)
- Profit (loss) carried forward +€142,235
up €142,235 (+338010.1%), from €42 to €142,277
- Tax, wage and social debts +€42,725
up €42,725 (+113.7%), from €37,575 to €80,300
- Other debts -€41,521
down €41,521 (-53.2%), from €78,001 to €36,481
- Trade debts +€4,132
up €4,132 (+197.2%), from €2,096 to €6,227
- Gross operating margin +€85,858
up €85,858 (+67.3%), from €127,617 to €213,475
- Taxes +€14,426
up €14,426 (+52.6%), from €27,449 to €41,875
- Depreciation -€4,619
down €4,619 (-24.3%), from €19,029 to €14,410
- Financial charges +€2,207
up €2,207 (+550.3%), from €401 to €2,608
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 | €193,614 | €341,184 | +€147,570 | +76.2% |
| Fixed assets | 21/28 | €34,078 | €35,368 | +€1,290 | +3.8% |
| Tangible fixed assets | 22/27 | €34,078 | €35,368 | +€1,290 | +3.8% |
| Plant, machinery and equipment | 23 | - | €1,089 | +€1,089 | |
| Furniture and vehicles | 24 | €34,078 | €34,279 | +€201 | +0.6% |
| Current assets | 29/58 | €159,536 | €305,816 | +€146,281 | +91.7% |
| Amounts receivable within one year | 40/41 | €19,683 | €22,372 | +€2,690 | +13.7% |
| Trade receivables | 40 | €19,683 | €22,372 | +€2,690 | +13.7% |
| Cash at bank and in hand | 54/58 | €138,782 | €282,911 | +€144,129 | +103.9% |
| Deferred charges and accrued income | 490/1 | €1,071 | €533 | -€539 | -50.3% |
| Total equity and liabilities | 10/49 | €193,614 | €341,184 | +€147,570 | +76.2% |
| Equity | 10/15 | €75,942 | €218,177 | +€142,235 | +187.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €70,900 | €70,900 | = | 0.0% |
| Distributable reserves | 133 | €70,900 | €70,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42 | €142,277 | +€142,235 | +338010.1% |
| Amounts payable | 17/49 | €117,672 | €123,007 | +€5,336 | +4.5% |
| Amounts payable within one year | 42/48 | €117,672 | €123,007 | +€5,336 | +4.5% |
| Trade debts | 44 | €2,096 | €6,227 | +€4,132 | +197.2% |
| Suppliers | 440/4 | €2,096 | €6,227 | +€4,132 | +197.2% |
| Taxes, remuneration and social security | 45 | €37,575 | €80,300 | +€42,725 | +113.7% |
| Taxes | 450/3 | €37,575 | €80,300 | +€42,725 | +113.7% |
| Other amounts payable | 47/48 | €78,001 | €36,481 | -€41,521 | -53.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,029 | €14,410 | -€4,619 | -24.3% |
| Other operating charges | 640/8 | €9,796 | €10,239 | +€443 | +4.5% |
| Non-recurring operating charges | 66A | - | €2,404 | +€2,404 | |
| Gross operating margin | 9900 | €127,617 | €213,475 | +€85,858 | +67.3% |
| Operating profit (loss) | 9901 | €98,792 | €186,422 | +€87,629 | +88.7% |
| Financial income | 75/76B | €0 | €295 | +€295 | +2952700.0% |
| Recurring financial income | 75 | €0 | €295 | +€295 | +2952700.0% |
| Financial charges | 65/66B | €401 | €2,608 | +€2,207 | +550.3% |
| Recurring financial charges | 65 | €401 | €2,608 | +€2,207 | +550.3% |
| Profit (loss) for the period before taxes | 9903 | €98,391 | €184,109 | +€85,718 | +87.1% |
| Income taxes | 67/77 | €27,449 | €41,875 | +€14,426 | +52.6% |
| Profit (loss) for the period | 9904 | €70,942 | €142,235 | +€71,293 | +100.5% |
| Profit (loss) for the period to be appropriated | 9905 | €70,942 | €142,235 | +€71,293 | +100.5% |
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 7 October 2026 via checked.be.