VAN HOOREBEKE: 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 HOOREBEKE
Largest movements
- Cash +€457,383
up €457,383 (+1843.7%), from €24,808 to €482,191
mainly Advances received (+€454,347) and Receivables within one year (+€11,337)
- Receivables within one year -€11,337
down €11,337 (-17.3%), from €65,496 to €54,159
of which Other amounts receivable: -€7,062
- Advances received +€454,347
up €454,347 (+1944.4%), from €23,367 to €477,714
- Profit (loss) carried forward -€9,426
down €9,426 (-92.3%), from €10,212 to €785
- Other debts +€6,869
up €6,869 (+37.3%), from €18,429 to €25,299
- Financial income -€12,438
down €12,438 (-100.0%), from €12,438 to €0
- Financial charges -€2,598
down €2,598 (-68.5%), from €3,791 to €1,192
- Other operating charges -€2,506
down €2,506 (-64.3%), from €3,900 to €1,394
- Depreciation +€2,154
up €2,154 (+903.1%), from €239 to €2,393
- Taxes +€658
up €658 (+32.4%), from €2,029 to €2,688
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 | €227,153 | €683,430 | +€456,277 | +200.9% |
| Formation expenses | 20 | €954 | €716 | -€239 | -25.0% |
| Fixed assets | 21/28 | €21,000 | €25,225 | +€4,225 | +20.1% |
| Tangible fixed assets | 22/27 | - | €4,225 | +€4,225 | |
| Furniture and vehicles | 24 | - | €4,225 | +€4,225 | |
| Financial fixed assets | 28 | €21,000 | €21,000 | = | 0.0% |
| Current assets | 29/58 | €205,199 | €657,489 | +€452,291 | +220.4% |
| Amounts receivable within one year | 40/41 | €65,496 | €54,159 | -€11,337 | -17.3% |
| Trade receivables | 40 | €58,434 | €54,159 | -€4,276 | -7.3% |
| Other amounts receivable | 41 | €7,062 | - | -€7,062 | |
| Cash at bank and in hand | 54/58 | €24,808 | €482,191 | +€457,383 | +1843.7% |
| Deferred charges and accrued income | 490/1 | €114,895 | €121,140 | +€6,245 | +5.4% |
| Total equity and liabilities | 10/49 | €227,153 | €683,430 | +€456,277 | +200.9% |
| Equity | 10/15 | €123,096 | €113,670 | -€9,426 | -7.7% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €32,885 | €32,885 | = | 0.0% |
| Tax-exempt reserves | 132 | €24,885 | €24,885 | = | 0.0% |
| Distributable reserves | 133 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,212 | €785 | -€9,426 | -92.3% |
| Amounts payable | 17/49 | €104,056 | €569,760 | +€465,704 | +447.5% |
| Amounts payable within one year | 42/48 | €104,056 | €569,760 | +€465,704 | +447.5% |
| Trade debts | 44 | €26,862 | €30,991 | +€4,129 | +15.4% |
| Suppliers | 440/4 | €26,862 | €30,991 | +€4,129 | +15.4% |
| Advances received on contracts in progress | 46 | €23,367 | €477,714 | +€454,347 | +1944.4% |
| Taxes, remuneration and social security | 45 | €35,398 | €35,756 | +€358 | +1.0% |
| Taxes | 450/3 | €34,830 | €35,756 | +€926 | +2.7% |
| Remuneration and social security | 454/9 | €568 | - | -€568 | |
| Other amounts payable | 47/48 | €18,429 | €25,299 | +€6,869 | +37.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €239 | €2,393 | +€2,154 | +903.1% |
| Other operating charges | 640/8 | €3,900 | €1,394 | -€2,506 | -64.3% |
| Gross operating margin | 9900 | -€1,964 | -€1,760 | +€204 | +10.4% |
| Operating profit (loss) | 9901 | -€6,103 | -€5,547 | +€556 | +9.1% |
| Financial income | 75/76B | €12,438 | €0 | -€12,438 | -100.0% |
| Recurring financial income | 75 | €12,438 | €0 | -€12,438 | -100.0% |
| Financial charges | 65/66B | €3,791 | €1,192 | -€2,598 | -68.5% |
| Recurring financial charges | 65 | €3,791 | €1,192 | -€2,598 | -68.5% |
| Profit (loss) for the period before taxes | 9903 | €2,545 | -€6,739 | -€9,284 | |
| Income taxes | 67/77 | €2,029 | €2,688 | +€658 | +32.4% |
| Profit (loss) for the period | 9904 | €516 | -€9,426 | -€9,943 | |
| Profit (loss) for the period to be appropriated | 9905 | €516 | -€9,426 | -€9,943 |
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 9 October 2026 via checked.be.