VAN HESE: 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 HESE
Largest movements
- Cash -€165,256
down €165,256 (-43.3%), from €381,382 to €216,126
mainly Current investments (-€150,000) and Other debts (-€130,650)
- Current investments +€150,000
new in 2025: €150,000
- Tangible fixed assets -€47,395
down €47,395 (-4.8%), from €988,704 to €941,309
of which Land and buildings: -€41,071
- Other debts -€130,650
down €130,650 (-25.4%), from €513,666 to €383,016
- Reserves +€68,281
up €68,281 (+8.0%), from €853,211 to €921,492
of which Distributable reserves: +€68,281
- Gross operating margin -€23,165
down €23,165 (-14.3%), from €161,971 to €138,806
- Taxes -€5,790
down €5,790 (-25.1%), from €23,106 to €17,316
- Depreciation +€1,733
up €1,733 (+3.7%), from €46,892 to €48,625
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 | €1,399,605 | €1,336,842 | -€62,763 | -4.5% |
| Fixed assets | 21/28 | €988,704 | €941,309 | -€47,395 | -4.8% |
| Tangible fixed assets | 22/27 | €988,704 | €941,309 | -€47,395 | -4.8% |
| Land and buildings | 22 | €956,970 | €915,899 | -€41,071 | -4.3% |
| Plant, machinery and equipment | 23 | €3,338 | €3,818 | +€480 | +14.4% |
| Furniture and vehicles | 24 | €28,396 | €21,592 | -€6,804 | -24.0% |
| Current assets | 29/58 | €410,901 | €395,533 | -€15,368 | -3.7% |
| Amounts receivable within one year | 40/41 | €26,578 | €25,446 | -€1,132 | -4.3% |
| Trade receivables | 40 | €26,578 | €25,446 | -€1,132 | -4.3% |
| Current investments | 50/53 | - | €150,000 | +€150,000 | |
| Cash at bank and in hand | 54/58 | €381,382 | €216,126 | -€165,256 | -43.3% |
| Deferred charges and accrued income | 490/1 | €2,941 | €3,961 | +€1,020 | +34.7% |
| Total equity and liabilities | 10/49 | €1,399,605 | €1,336,842 | -€62,763 | -4.5% |
| Equity | 10/15 | €871,811 | €940,092 | +€68,281 | +7.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €853,211 | €921,492 | +€68,281 | +8.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €815,711 | €883,992 | +€68,281 | +8.4% |
| Amounts payable | 17/49 | €527,794 | €396,750 | -€131,044 | -24.8% |
| Amounts payable within one year | 42/48 | €526,274 | €395,170 | -€131,104 | -24.9% |
| Trade debts | 44 | €1,863 | €1,626 | -€237 | -12.7% |
| Suppliers | 440/4 | €1,863 | €1,626 | -€237 | -12.7% |
| Taxes, remuneration and social security | 45 | €10,745 | €10,528 | -€217 | -2.0% |
| Taxes | 450/3 | €10,745 | €10,528 | -€217 | -2.0% |
| Other amounts payable | 47/48 | €513,666 | €383,016 | -€130,650 | -25.4% |
| Accrued charges and deferred income | 492/3 | €1,520 | €1,580 | +€60 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,892 | €48,625 | +€1,733 | +3.7% |
| Other operating charges | 640/8 | €6,954 | €6,001 | -€953 | -13.7% |
| Gross operating margin | 9900 | €161,971 | €138,806 | -€23,165 | -14.3% |
| Operating profit (loss) | 9901 | €108,125 | €84,180 | -€23,945 | -22.1% |
| Financial income | 75/76B | €2,026 | €1,672 | -€354 | -17.5% |
| Recurring financial income | 75 | €2,026 | €1,672 | -€354 | -17.5% |
| Financial charges | 65/66B | €235 | €255 | +€20 | +8.5% |
| Recurring financial charges | 65 | €235 | €255 | +€20 | +8.5% |
| Profit (loss) for the period before taxes | 9903 | €109,916 | €85,597 | -€24,319 | -22.1% |
| Income taxes | 67/77 | €23,106 | €17,316 | -€5,790 | -25.1% |
| Profit (loss) for the period | 9904 | €86,810 | €68,281 | -€18,529 | -21.3% |
| Profit (loss) for the period to be appropriated | 9905 | €86,810 | €68,281 | -€18,529 | -21.3% |
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 11 October 2026 via checked.be.