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
- Tangible fixed assets -€13,645
down €13,645 (-8.9%), from €153,867 to €140,222
of which Land and buildings: -€13,181
- Receivables within one year -€13,245
down €13,245 (-5.0%), from €263,957 to €250,712
of which Other amounts receivable: -€13,349
- Cash +€4,409
up €4,409 (+630%), from €699 to €5,109
mainly Depreciation (+€13,645) and Receivables within one year (+€13,245)
- Current portion of long-term debt -€14,624
down €14,624 (-58.6%), from €24,969 to €10,345
- Debts after one year -€10,345
down €10,345 (-14.5%), from €71,121 to €60,777
- Gross operating margin -€6,135
down €6,135 (-51.9%), from €11,818 to €5,683
- Financial income +€5,804
up €5,804 (+62.2%), from €9,337 to €15,141
- Financial charges -€554
down €554 (-20.8%), from €2,658 to €2,104
- Taxes -€314
no longer reported in 2025 (was €314)
- Depreciation -€192
down €192 (-1.4%), from €13,837 to €13,645
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 | €419,901 | €396,713 | -€23,188 | -5.5% |
| Fixed assets | 21/28 | €154,867 | €140,892 | -€13,975 | -9.0% |
| Tangible fixed assets | 22/27 | €153,867 | €140,222 | -€13,645 | -8.9% |
| Land and buildings | 22 | €153,157 | €139,976 | -€13,181 | -8.6% |
| Plant, machinery and equipment | 23 | €710 | €247 | -€464 | -65.3% |
| Financial fixed assets | 28 | €1,000 | €670 | -€330 | -33.0% |
| Current assets | 29/58 | €265,034 | €255,821 | -€9,213 | -3.5% |
| Amounts receivable within one year | 40/41 | €263,957 | €250,712 | -€13,245 | -5.0% |
| Trade receivables | 40 | €531 | €636 | +€105 | +19.7% |
| Other amounts receivable | 41 | €263,425 | €250,076 | -€13,349 | -5.1% |
| Cash at bank and in hand | 54/58 | €699 | €5,109 | +€4,409 | +630% |
| Deferred charges and accrued income | 490/1 | €377 | - | -€377 | |
| Total equity and liabilities | 10/49 | €419,901 | €396,713 | -€23,188 | -5.5% |
| Equity | 10/15 | €282,698 | €284,556 | +€1,858 | +0.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €123,059 | €123,059 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €116,859 | €116,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €97,639 | €99,496 | +€1,858 | +1.9% |
| Amounts payable | 17/49 | €137,203 | €112,157 | -€25,046 | -18.3% |
| Amounts payable after more than one year | 17 | €71,121 | €60,777 | -€10,345 | -14.5% |
| Financial debts | 170/4 | €71,121 | €60,777 | -€10,345 | -14.5% |
| Amounts payable within one year | 42/48 | €66,082 | €50,881 | -€15,201 | -23.0% |
| Current portion of amounts payable after more than one year | 42 | €24,969 | €10,345 | -€14,624 | -58.6% |
| Financial debts | 43 | - | €833 | +€833 | |
| Credit institutions | 430/8 | - | €833 | +€833 | |
| Trade debts | 44 | €938 | €3,189 | +€2,251 | +240% |
| Suppliers | 440/4 | €938 | €3,189 | +€2,251 | +240% |
| Taxes, remuneration and social security | 45 | €385 | €71 | -€314 | -81.5% |
| Taxes | 450/3 | €385 | €71 | -€314 | -81.5% |
| Other amounts payable | 47/48 | €39,790 | €36,442 | -€3,348 | -8.4% |
| Accrued charges and deferred income | 492/3 | - | €500 | +€500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,837 | €13,645 | -€192 | -1.4% |
| Other operating charges | 640/8 | €3,120 | €3,217 | +€97 | +3.1% |
| Gross operating margin | 9900 | €11,818 | €5,683 | -€6,135 | -51.9% |
| Operating profit (loss) | 9901 | -€5,138 | -€11,178 | -€6,040 | -118% |
| Financial income | 75/76B | €9,337 | €15,141 | +€5,804 | +62.2% |
| Recurring financial income | 75 | €9,337 | €15,141 | +€5,804 | +62.2% |
| Financial charges | 65/66B | €2,658 | €2,104 | -€554 | -20.8% |
| Recurring financial charges | 65 | €2,658 | €2,104 | -€554 | -20.8% |
| Profit (loss) for the period before taxes | 9903 | €1,540 | €1,858 | +€318 | +20.6% |
| Income taxes | 67/77 | €314 | - | -€314 | |
| Profit (loss) for the period | 9904 | €1,226 | €1,858 | +€631 | +51.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,226 | €1,858 | +€631 | +51.5% |
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 21 October 2026 via checked.be.