VAN HIND: 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 HIND
Largest movements
- Receivables within one year +€23,991
up €23,991 (+785%), from €3,055 to €27,046
of which Other amounts receivable: +€23,462
- Tangible fixed assets +€14,022
up €14,022 (+17.0%), from €82,374 to €96,395
of which Plant, machinery and equipment: +€14,282
- Financial fixed assets -€10,947
no longer reported in 2025 (was €10,947)
- Reserves +€37,510
up €37,510 (+78.7%), from €47,645 to €85,156
- Other debts -€29,229
no longer reported in 2025 (was €29,229)
- Tax, wage and social debts +€15,803
up €15,803 (+148%), from €10,655 to €26,458
- Trade debts +€1,779
up €1,779 (+179%), from €994 to €2,774
- Financial income +€41,480
up €41,480 (+390%), from €10,645 to €52,125
of which Non-recurring financial income: +€38,664
- Taxes +€17,376
up €17,376 (+446%), from €3,894 to €21,270
- Gross operating margin +€11,898
up €11,898 (+88.4%), from €13,462 to €25,360
- Depreciation +€2,956
up €2,956 (+27.5%), from €10,734 to €13,689
- Other operating charges -€1,958
down €1,958 (-47.5%), from €4,126 to €2,168
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 | €98,728 | €126,299 | +€27,571 | +27.9% |
| Fixed assets | 21/28 | €93,321 | €96,395 | +€3,074 | +3.3% |
| Tangible fixed assets | 22/27 | €82,374 | €96,395 | +€14,022 | +17.0% |
| Land and buildings | 22 | €62,895 | €64,587 | +€1,693 | +2.7% |
| Plant, machinery and equipment | 23 | €7,848 | €22,130 | +€14,282 | +182% |
| Furniture and vehicles | 24 | €1,186 | €891 | -€295 | -24.9% |
| Other tangible fixed assets | 26 | €10,445 | €8,787 | -€1,658 | -15.9% |
| Financial fixed assets | 28 | €10,947 | - | -€10,947 | |
| Current assets | 29/58 | €5,407 | €29,904 | +€24,497 | +453% |
| Amounts receivable within one year | 40/41 | €3,055 | €27,046 | +€23,991 | +785% |
| Trade receivables | 40 | €3,055 | €3,585 | +€529 | +17.3% |
| Other amounts receivable | 41 | - | €23,462 | +€23,462 | |
| Current investments | 50/53 | - | €90 | +€90 | |
| Cash at bank and in hand | 54/58 | €769 | €1,115 | +€345 | +44.9% |
| Deferred charges and accrued income | 490/1 | €1,582 | €1,653 | +€71 | +4.5% |
| Total equity and liabilities | 10/49 | €98,728 | €126,299 | +€27,571 | +27.9% |
| Equity | 10/15 | €57,645 | €95,156 | +€37,510 | +65.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €47,645 | €85,156 | +€37,510 | +78.7% |
| Distributable reserves | 133 | €47,645 | €85,156 | +€37,510 | +78.7% |
| Amounts payable | 17/49 | €41,083 | €31,144 | -€9,939 | -24.2% |
| Amounts payable within one year | 42/48 | €40,878 | €29,961 | -€10,918 | -26.7% |
| Trade debts | 44 | €994 | €2,774 | +€1,779 | +179% |
| Suppliers | 440/4 | €994 | €2,774 | +€1,779 | +179% |
| Advances received on contracts in progress | 46 | - | €729 | +€729 | |
| Taxes, remuneration and social security | 45 | €10,655 | €26,458 | +€15,803 | +148% |
| Taxes | 450/3 | €10,655 | €26,458 | +€15,803 | +148% |
| Other amounts payable | 47/48 | €29,229 | - | -€29,229 | |
| Accrued charges and deferred income | 492/3 | €204 | €1,183 | +€979 | +480% |
| Non-recurring operating income | 76A | €2,076 | - | -€2,076 | |
| Remuneration, social security and pensions | 62 | - | €1,119 | +€1,119 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,734 | €13,689 | +€2,956 | +27.5% |
| Other operating charges | 640/8 | €4,126 | €2,168 | -€1,958 | -47.5% |
| Gross operating margin | 9900 | €13,462 | €25,360 | +€11,898 | +88.4% |
| Operating profit (loss) | 9901 | -€1,398 | €8,384 | +€9,782 | |
| Financial income | 75/76B | €10,645 | €52,125 | +€41,480 | +390% |
| Recurring financial income | 75 | €3,856 | €6,672 | +€2,817 | +73.0% |
| Non-recurring financial income | 76B | €6,789 | €45,453 | +€38,664 | +570% |
| Financial charges | 65/66B | €1,832 | €1,728 | -€103 | -5.6% |
| Recurring financial charges | 65 | €1,832 | €1,728 | -€103 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €7,415 | €58,780 | +€51,365 | +693% |
| Income taxes | 67/77 | €3,894 | €21,270 | +€17,376 | +446% |
| Profit (loss) for the period | 9904 | €3,521 | €37,510 | +€33,989 | +965% |
| Profit (loss) for the period to be appropriated | 9905 | €3,521 | €37,510 | +€33,989 | +965% |
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 15 October 2026 via checked.be.