VAN HEVELE: 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 HEVELE
Largest movements
- Cash +€71,304
up €71,304 (+74.9%), from €95,169 to €166,473
mainly Net result for the year (+€46,944) and Depreciation (+€17,117)
- Tangible fixed assets -€17,117
down €17,117 (-30.1%), from €56,782 to €39,665
of which Leasing and similar rights: -€15,956
- Receivables within one year -€8,011
down €8,011 (-46.2%), from €17,356 to €9,345
of which Trade receivables: -€9,130
- Profit (loss) carried forward +€46,944
up €46,944 (+47.5%), from €98,798 to €145,742
- Debts after one year -€13,340
down €13,340 (-34.9%), from €38,192 to €24,852
- Tax, wage and social debts +€8,719
up €8,719 (+76.7%), from €11,361 to €20,080
of which Taxes: +€8,719
- Trade debts +€4,294
up €4,294 (+213%), from €2,020 to €6,313
- Gross operating margin +€9,640
up €9,640 (+13.7%), from €70,560 to €80,200
- Taxes +€2,163
up €2,163 (+20.3%), from €10,658 to €12,822
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 | €169,664 | €215,483 | +€45,819 | +27.0% |
| Fixed assets | 21/28 | €56,782 | €39,665 | -€17,117 | -30.1% |
| Tangible fixed assets | 22/27 | €56,782 | €39,665 | -€17,117 | -30.1% |
| Plant, machinery and equipment | 23 | €3,390 | €2,230 | -€1,161 | -34.2% |
| Leasing and similar rights | 25 | €53,392 | €37,435 | -€15,956 | -29.9% |
| Current assets | 29/58 | €112,882 | €175,818 | +€62,936 | +55.8% |
| Amounts receivable within one year | 40/41 | €17,356 | €9,345 | -€8,011 | -46.2% |
| Trade receivables | 40 | €11,022 | €1,891 | -€9,130 | -82.8% |
| Other amounts receivable | 41 | €6,334 | €7,454 | +€1,120 | +17.7% |
| Cash at bank and in hand | 54/58 | €95,169 | €166,473 | +€71,304 | +74.9% |
| Deferred charges and accrued income | 490/1 | €357 | - | -€357 | |
| Total equity and liabilities | 10/49 | €169,664 | €215,483 | +€45,819 | +27.0% |
| Equity | 10/15 | €102,798 | €149,742 | +€46,944 | +45.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €98,798 | €145,742 | +€46,944 | +47.5% |
| Amounts payable | 17/49 | €66,866 | €65,742 | -€1,125 | -1.7% |
| Amounts payable after more than one year | 17 | €38,192 | €24,852 | -€13,340 | -34.9% |
| Financial debts | 170/4 | €38,192 | €24,852 | -€13,340 | -34.9% |
| Amounts payable within one year | 42/48 | €28,674 | €40,889 | +€12,216 | +42.6% |
| Current portion of amounts payable after more than one year | 42 | €15,032 | €13,340 | -€1,692 | -11.3% |
| Financial debts | 43 | €207 | €125 | -€82 | -39.6% |
| Credit institutions | 430/8 | €207 | €125 | -€82 | -39.6% |
| Trade debts | 44 | €2,020 | €6,313 | +€4,294 | +213% |
| Suppliers | 440/4 | €2,020 | €6,313 | +€4,294 | +213% |
| Taxes, remuneration and social security | 45 | €11,361 | €20,080 | +€8,719 | +76.7% |
| Taxes | 450/3 | €8,811 | €17,530 | +€8,719 | +99.0% |
| Remuneration and social security | 454/9 | €2,550 | €2,550 | = | 0.0% |
| Other amounts payable | 47/48 | €54 | €1,031 | +€977 | +1,810% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,559 | €17,117 | +€558 | +3.4% |
| Other operating charges | 640/8 | €2,105 | €1,537 | -€568 | -27.0% |
| Gross operating margin | 9900 | €70,560 | €80,200 | +€9,640 | +13.7% |
| Operating profit (loss) | 9901 | €51,896 | €61,546 | +€9,650 | +18.6% |
| Financial income | 75/76B | €20 | €31 | +€11 | +55.7% |
| Recurring financial income | 75 | €20 | €31 | +€11 | +55.7% |
| Financial charges | 65/66B | €2,425 | €1,812 | -€614 | -25.3% |
| Recurring financial charges | 65 | €2,425 | €1,812 | -€614 | -25.3% |
| Profit (loss) for the period before taxes | 9903 | €49,490 | €59,765 | +€10,275 | +20.8% |
| Income taxes | 67/77 | €10,658 | €12,822 | +€2,163 | +20.3% |
| Profit (loss) for the period | 9904 | €38,832 | €46,944 | +€8,112 | +20.9% |
| Profit (loss) for the period to be appropriated | 9905 | €38,832 | €46,944 | +€8,112 | +20.9% |
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 14 October 2026 via checked.be.