VAN HOECK: what changed
Two fiscal 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 HOECK
Largest movements
- Receivables within one year +€29,105
up €29,105 (+8436.3%), from €345 to €29,450
of which Trade receivables: +€26,091
- Tangible fixed assets -€22,267
down €22,267 (-97.6%), from €22,809 to €542
of which Furniture and vehicles: -€22,139
- Cash -€15,454
no longer reported in 2025 (was €15,454)
mainly Receivables within one year (-€29,105) and Net result for the year (-€14,759)
- Profit (loss) carried forward -€14,759
down €14,759, from €96 to -€14,663
- Other debts +€12,512
up €12,512 (+457.1%), from €2,738 to €15,250
- Debts after one year -€7,677
down €7,677 (-53.4%), from €14,373 to €6,696
- Short-term financial debts +€3,553
new in 2025: €3,553
- Tax, wage and social debts -€2,107
down €2,107 (-88.2%), from €2,389 to €281
- Gross operating margin -€38,920
down €38,920, from €34,515 to -€4,405
- Financial charges -€2,559
down €2,559 (-48.6%), from €5,262 to €2,703
- Depreciation -€992
down €992 (-16.3%), from €6,078 to €5,087
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.
Cash bridge derived
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 | €38,608 | €29,992 | -€8,616 | -22.3% |
| Fixed assets | 21/28 | €22,809 | €542 | -€22,267 | -97.6% |
| Tangible fixed assets | 22/27 | €22,809 | €542 | -€22,267 | -97.6% |
| Furniture and vehicles | 24 | €22,139 | - | -€22,139 | |
| Other tangible fixed assets | 26 | €670 | €542 | -€128 | -19.1% |
| Current assets | 29/58 | €15,799 | €29,450 | +€13,651 | +86.4% |
| Amounts receivable within one year | 40/41 | €345 | €29,450 | +€29,105 | +8436.3% |
| Trade receivables | 40 | €345 | €26,436 | +€26,091 | +7562.6% |
| Other amounts receivable | 41 | - | €3,014 | +€3,014 | |
| Cash at bank and in hand | 54/58 | €15,454 | - | -€15,454 | |
| Total equity and liabilities | 10/49 | €38,608 | €29,992 | -€8,616 | -22.3% |
| Equity | 10/15 | €6,596 | -€8,163 | -€14,759 | |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €96 | -€14,663 | -€14,759 | |
| Amounts payable | 17/49 | €32,013 | €38,155 | +€6,143 | +19.2% |
| Amounts payable after more than one year | 17 | €14,373 | €6,696 | -€7,677 | -53.4% |
| Financial debts | 170/4 | €14,373 | €6,696 | -€7,677 | -53.4% |
| Amounts payable within one year | 42/48 | €17,639 | €31,459 | +€13,820 | +78.3% |
| Current portion of amounts payable after more than one year | 42 | €7,304 | €7,677 | +€373 | +5.1% |
| Financial debts | 43 | - | €3,553 | +€3,553 | |
| Credit institutions | 430/8 | - | €3,553 | +€3,553 | |
| Trade debts | 44 | €5,209 | €4,697 | -€511 | -9.8% |
| Suppliers | 440/4 | €5,209 | €4,697 | -€511 | -9.8% |
| Taxes, remuneration and social security | 45 | €2,389 | €281 | -€2,107 | -88.2% |
| Taxes | 450/3 | €2,389 | €281 | -€2,107 | -88.2% |
| Other amounts payable | 47/48 | €2,738 | €15,250 | +€12,512 | +457.1% |
| Non-recurring operating income | 76A | €32,231 | - | -€32,231 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,078 | €5,087 | -€992 | -16.3% |
| Other operating charges | 640/8 | €871 | €758 | -€113 | -13.0% |
| Non-recurring operating charges | 66A | - | €1,680 | +€1,680 | |
| Gross operating margin | 9900 | €34,515 | -€4,405 | -€38,920 | |
| Operating profit (loss) | 9901 | €27,566 | -€11,930 | -€39,496 | |
| Financial income | 75/76B | - | €11 | +€11 | |
| Recurring financial income | 75 | - | €11 | +€11 | |
| Financial charges | 65/66B | €5,262 | €2,703 | -€2,559 | -48.6% |
| Recurring financial charges | 65 | €5,262 | €2,703 | -€2,559 | -48.6% |
| Profit (loss) for the period before taxes | 9903 | €22,304 | -€14,622 | -€36,926 | |
| Income taxes | 67/77 | €145 | €137 | -€8 | -5.7% |
| Profit (loss) for the period | 9904 | €22,159 | -€14,759 | -€36,918 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,159 | -€14,759 | -€36,918 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.