VAN HEULE Jean-Marc: 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 HEULE Jean-Marc
Largest movements
- Cash +€49,976
up €49,976 (+494%), from €10,121 to €60,097
mainly Receivables within one year (+€29,893) and Net result for the year (+€10,456)
- Receivables within one year -€29,893
down €29,893 (-38.7%), from €77,145 to €47,251
of which Trade receivables: -€35,255
- Stocks and contracts -€3,436
down €3,436 (-30.0%), from €11,445 to €8,009
- Tangible fixed assets -€2,429
down €2,429 (-43.5%), from €5,582 to €3,153
- Reserves +€10,456
up €10,456 (+22.5%), from €46,482 to €56,938
of which Distributable reserves: +€10,456
- Gross operating margin +€6,238
up €6,238 (+50.7%), from €12,307 to €18,545
- Taxes +€1,663
up €1,663 (+61.4%), from €2,707 to €4,370
- Other operating charges +€357
up €357 (+92.9%), from €385 to €742
- Depreciation +€266
up €266 (+10.2%), from €2,620 to €2,886
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 | €107,593 | €121,187 | +€13,594 | +12.6% |
| Fixed assets | 21/28 | €5,582 | €3,153 | -€2,429 | -43.5% |
| Tangible fixed assets | 22/27 | €5,582 | €3,153 | -€2,429 | -43.5% |
| Plant, machinery and equipment | 23 | €1,484 | €765 | -€719 | -48.4% |
| Furniture and vehicles | 24 | €2,233 | €1,575 | -€657 | -29.4% |
| Other tangible fixed assets | 26 | €1,866 | €813 | -€1,053 | -56.4% |
| Current assets | 29/58 | €102,011 | €118,035 | +€16,024 | +15.7% |
| Stocks and contracts in progress | 3 | €11,445 | €8,009 | -€3,436 | -30.0% |
| Stocks | 30/36 | €11,445 | €8,009 | -€3,436 | -30.0% |
| Amounts receivable within one year | 40/41 | €77,145 | €47,251 | -€29,893 | -38.7% |
| Trade receivables | 40 | €69,727 | €34,472 | -€35,255 | -50.6% |
| Other amounts receivable | 41 | €7,418 | €12,780 | +€5,361 | +72.3% |
| Cash at bank and in hand | 54/58 | €10,121 | €60,097 | +€49,976 | +494% |
| Deferred charges and accrued income | 490/1 | €3,300 | €2,676 | -€623 | -18.9% |
| Total equity and liabilities | 10/49 | €107,593 | €121,187 | +€13,594 | +12.6% |
| Equity | 10/15 | €65,082 | €75,538 | +€10,456 | +16.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €46,482 | €56,938 | +€10,456 | +22.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €44,622 | €55,078 | +€10,456 | +23.4% |
| Amounts payable | 17/49 | €42,511 | €45,649 | +€3,139 | +7.4% |
| Amounts payable within one year | 42/48 | €42,511 | €45,649 | +€3,139 | +7.4% |
| Trade debts | 44 | €8,117 | €9,293 | +€1,175 | +14.5% |
| Suppliers | 440/4 | €8,117 | €9,293 | +€1,175 | +14.5% |
| Taxes, remuneration and social security | 45 | €8,152 | €9,337 | +€1,185 | +14.5% |
| Taxes | 450/3 | €8,152 | €9,337 | +€1,185 | +14.5% |
| Other amounts payable | 47/48 | €26,242 | €27,020 | +€778 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,620 | €2,886 | +€266 | +10.2% |
| Other operating charges | 640/8 | €385 | €742 | +€357 | +92.9% |
| Non-recurring operating charges | 66A | €45 | - | -€45 | |
| Gross operating margin | 9900 | €12,307 | €18,545 | +€6,238 | +50.7% |
| Operating profit (loss) | 9901 | €9,258 | €14,917 | +€5,660 | +61.1% |
| Financial income | 75/76B | €10 | €113 | +€103 | +1,037% |
| Recurring financial income | 75 | €10 | €113 | +€103 | +1,037% |
| Non-recurring financial income | 76B | €10 | €113 | +€103 | +1,037% |
| Financial charges | 65/66B | €309 | €205 | -€105 | -33.8% |
| Recurring financial charges | 65 | €309 | €205 | -€105 | -33.8% |
| Profit (loss) for the period before taxes | 9903 | €8,958 | €14,826 | +€5,867 | +65.5% |
| Income taxes | 67/77 | €2,707 | €4,370 | +€1,663 | +61.4% |
| Profit (loss) for the period | 9904 | €6,251 | €10,456 | +€4,204 | +67.3% |
| Profit (loss) for the period to be appropriated | 9905 | €6,251 | €10,456 | +€4,204 | +67.3% |
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 18 October 2026 via checked.be.