Van Heuverbeke: 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.
What changed
Van Heuverbeke
NACE 13.910, Manufacture of textiles
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€8,121
2024 · €274-€8,394
Equity
-€145,508
2024 · -€137,387-€8,121
Cash
€20,294
2024 · €19,454+€840
Balance sheet total
€1.1m
2024 · €1.1m-€30,671
Largest movements
Assets
- Stocks and contracts -€24,072
down €24,072 (-4.3%), from €562,254 to €538,183
Equity and liabilities
- Trade debts -€37,653
down €37,653 (-41.7%), from €90,257 to €52,604
- Other debts +€14,256
up €14,256 (+1.3%), from €1.1m to €1.1m
Income statement
- Gross operating margin -€36,476
down €36,476 (-10.0%), from €366,324 to €329,848
- Staff costs -€16,978
down €16,978 (-4.8%), from €350,810 to €333,831
- Financial charges -€10,504
down €10,504 (-62.1%), from €16,910 to €6,406
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.
Result 2024
€274
Gross operating margin
-€36,476
Staff costs
+€16,978
Depreciation
+€435
Other operating charges
+€1,597
Financial income
-€1,443
Financial charges
+€10,504
Taxes
+€10
Result 2025
-€8,121
raises the resultlowers the result
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.
From operations
+€840
Investment
€0
Financing
€0
Cash 2024
€19,454
From operations (derived)
+€840
Net result for the year
-€8,121
Depreciation
+€227
Stocks and contracts
+€24,072
Receivables within one year
+€4,442
Deferred charges and accrued income
+€2,771
Trade debts
-€37,653
Tax, wage and social debts
+€1,815
Other debts
+€14,256
Accrued charges and deferred income
-€968
Cash 2025
€20,294
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,085,013 | €1,054,342 | -€30,671 | -2.8% |
| Fixed assets | 21/28 | €969 | €742 | -€227 | -23.4% |
| Tangible fixed assets | 22/27 | €969 | €742 | -€227 | -23.4% |
| Plant, machinery and equipment | 23 | €938 | €742 | -€196 | -20.9% |
| Furniture and vehicles | 24 | €31 | - | -€31 | |
| Current assets | 29/58 | €1,084,045 | €1,053,600 | -€30,444 | -2.8% |
| Stocks and contracts in progress | 3 | €562,254 | €538,183 | -€24,072 | -4.3% |
| Stocks | 30/36 | €562,254 | €538,183 | -€24,072 | -4.3% |
| Amounts receivable within one year | 40/41 | €450,539 | €446,097 | -€4,442 | -1.0% |
| Trade receivables | 40 | €399,905 | €394,481 | -€5,424 | -1.4% |
| Other amounts receivable | 41 | €50,634 | €51,616 | +€982 | +1.9% |
| Cash at bank and in hand | 54/58 | €19,454 | €20,294 | +€840 | +4.3% |
| Deferred charges and accrued income | 490/1 | €51,798 | €49,026 | -€2,771 | -5.4% |
| Total equity and liabilities | 10/49 | €1,085,013 | €1,054,342 | -€30,671 | -2.8% |
| Equity | 10/15 | -€137,387 | -€145,508 | -€8,121 | -5.9% |
| Contributions | 10/11 | €174,765 | €174,765 | = | 0.0% |
| Capital | 10 | €174,765 | €174,765 | = | 0.0% |
| Issued capital | 100 | €174,765 | €174,765 | = | 0.0% |
| Reserves | 13 | €91,074 | €91,074 | = | 0.0% |
| Non-distributable reserves | 130/1 | €19,302 | €19,302 | = | 0.0% |
| Legal reserve | 130 | €17,476 | €17,476 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,826 | €1,826 | = | 0.0% |
| Tax-exempt reserves | 132 | €71,771 | €71,771 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€403,226 | -€411,347 | -€8,121 | -2.0% |
| Amounts payable | 17/49 | €1,222,401 | €1,199,851 | -€22,550 | -1.8% |
| Amounts payable within one year | 42/48 | €1,221,433 | €1,199,851 | -€21,583 | -1.8% |
| Trade debts | 44 | €90,257 | €52,604 | -€37,653 | -41.7% |
| Suppliers | 440/4 | €90,257 | €52,604 | -€37,653 | -41.7% |
| Taxes, remuneration and social security | 45 | €57,231 | €59,046 | +€1,815 | +3.2% |
| Taxes | 450/3 | €25,889 | €18,988 | -€6,901 | -26.7% |
| Remuneration and social security | 454/9 | €31,343 | €40,059 | +€8,716 | +27.8% |
| Other amounts payable | 47/48 | €1,073,945 | €1,088,200 | +€14,256 | +1.3% |
| Accrued charges and deferred income | 492/3 | €968 | - | -€968 | |
| Remuneration, social security and pensions | 62 | €350,810 | €333,831 | -€16,978 | -4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €662 | €227 | -€435 | -65.8% |
| Other operating charges | 640/8 | €3,230 | €1,633 | -€1,597 | -49.4% |
| Gross operating margin | 9900 | €366,324 | €329,848 | -€36,476 | -10.0% |
| Operating profit (loss) | 9901 | €11,622 | -€5,843 | -€17,465 | |
| Financial income | 75/76B | €6,103 | €4,659 | -€1,443 | -23.7% |
| Recurring financial income | 75 | €6,103 | €4,659 | -€1,443 | -23.7% |
| Financial charges | 65/66B | €16,910 | €6,406 | -€10,504 | -62.1% |
| Recurring financial charges | 65 | €16,910 | €6,406 | -€10,504 | -62.1% |
| Profit (loss) for the period before taxes | 9903 | €815 | -€7,590 | -€8,405 | |
| Income taxes | 67/77 | €541 | €531 | -€10 | -1.9% |
| Profit (loss) for the period | 9904 | €274 | -€8,121 | -€8,394 | |
| Profit (loss) for the period to be appropriated | 9905 | €274 | -€8,121 | -€8,394 |
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 27 October 2026 via checked.be.