VAN HOEYWEGHEN: 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 HOEYWEGHEN
Largest movements
- Cash +€27,325
up €27,325 (+62.5%), from €43,706 to €71,031
mainly Tax, wage and social debts (+€42,953) and Net result for the year (+€29,471)
- Receivables within one year +€4,550
up €4,550 (+4.7%), from €95,913 to €100,463
of which Trade receivables: +€5,054
- Tax, wage and social debts +€42,953
up €42,953 (+92.5%), from €46,433 to €89,386
of which Taxes: +€46,530
- Current portion of long-term debt -€39,845
down €39,845 (-63.0%), from €63,250 to €23,405
- Reserves +€29,471
up €29,471 (+17.9%), from €164,977 to €194,448
- Debts after one year -€23,405
down €23,405 (-32.4%), from €72,247 to €48,842
- Other debts +€10,941
up €10,941 (+152%), from €7,187 to €18,128
- Gross operating margin +€36,995
up €36,995 (+10.6%), from €348,647 to €385,642
- Financial charges +€33,662
up €33,662 (+1,862%), from €1,808 to €35,470
of which Non-recurring financial charges: +€32,155
- Taxes +€23,796
up €23,796 (+485%), from €4,902 to €28,698
- Depreciation +€16,369
up €16,369 (+157%), from €10,427 to €26,796
- Financial income +€13,460
up €13,460 (+5,930%), from €227 to €13,687
of which Non-recurring financial income: +€13,223
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 | €376,400 | €404,918 | +€28,518 | +7.6% |
| Fixed assets | 21/28 | €236,694 | €233,344 | -€3,350 | -1.4% |
| Tangible fixed assets | 22/27 | €236,694 | €233,344 | -€3,350 | -1.4% |
| Land and buildings | 22 | €31,833 | €27,467 | -€4,366 | -13.7% |
| Plant, machinery and equipment | 23 | €1,604 | €2,784 | +€1,180 | +73.6% |
| Furniture and vehicles | 24 | €109,607 | €109,443 | -€164 | -0.1% |
| Other tangible fixed assets | 26 | €93,650 | €93,650 | = | 0.0% |
| Current assets | 29/58 | €139,706 | €171,574 | +€31,868 | +22.8% |
| Amounts receivable within one year | 40/41 | €95,913 | €100,463 | +€4,550 | +4.7% |
| Trade receivables | 40 | €91,449 | €96,503 | +€5,054 | +5.5% |
| Other amounts receivable | 41 | €4,464 | €3,960 | -€504 | -11.3% |
| Current investments | 50/53 | €87 | €80 | -€7 | -8.0% |
| Cash at bank and in hand | 54/58 | €43,706 | €71,031 | +€27,325 | +62.5% |
| Total equity and liabilities | 10/49 | €376,400 | €404,918 | +€28,518 | +7.6% |
| Equity | 10/15 | €183,577 | €213,048 | +€29,471 | +16.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €164,977 | €194,448 | +€29,471 | +17.9% |
| Distributable reserves | 133 | €164,977 | €194,448 | +€29,471 | +17.9% |
| Amounts payable | 17/49 | €192,823 | €191,870 | -€953 | -0.5% |
| Amounts payable after more than one year | 17 | €72,247 | €48,842 | -€23,405 | -32.4% |
| Financial debts | 170/4 | €72,247 | €48,842 | -€23,405 | -32.4% |
| Amounts payable within one year | 42/48 | €120,576 | €143,028 | +€22,452 | +18.6% |
| Current portion of amounts payable after more than one year | 42 | €63,250 | €23,405 | -€39,845 | -63.0% |
| Trade debts | 44 | €3,706 | €12,109 | +€8,403 | +227% |
| Suppliers | 440/4 | €3,706 | €12,109 | +€8,403 | +227% |
| Taxes, remuneration and social security | 45 | €46,433 | €89,386 | +€42,953 | +92.5% |
| Taxes | 450/3 | €14,848 | €61,378 | +€46,530 | +313% |
| Remuneration and social security | 454/9 | €31,585 | €28,008 | -€3,577 | -11.3% |
| Other amounts payable | 47/48 | €7,187 | €18,128 | +€10,941 | +152% |
| Remuneration, social security and pensions | 62 | €271,883 | €276,073 | +€4,190 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,427 | €26,796 | +€16,369 | +157% |
| Other operating charges | 640/8 | €4,444 | €2,821 | -€1,623 | -36.5% |
| Gross operating margin | 9900 | €348,647 | €385,642 | +€36,995 | +10.6% |
| Operating profit (loss) | 9901 | €61,893 | €79,952 | +€18,059 | +29.2% |
| Financial income | 75/76B | €227 | €13,687 | +€13,460 | +5,930% |
| Recurring financial income | 75 | €227 | €464 | +€237 | +104% |
| Non-recurring financial income | 76B | - | €13,223 | +€13,223 | |
| Financial charges | 65/66B | €1,808 | €35,470 | +€33,662 | +1,862% |
| Recurring financial charges | 65 | €1,808 | €3,315 | +€1,507 | +83.4% |
| Non-recurring financial charges | 66B | - | €32,155 | +€32,155 | |
| Profit (loss) for the period before taxes | 9903 | €60,312 | €58,169 | -€2,143 | -3.6% |
| Income taxes | 67/77 | €4,902 | €28,698 | +€23,796 | +485% |
| Profit (loss) for the period | 9904 | €55,410 | €29,471 | -€25,939 | -46.8% |
| Profit (loss) for the period to be appropriated | 9905 | €55,410 | €29,471 | -€25,939 | -46.8% |
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.