VAN HOOSTE: 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 HOOSTE
Largest movements
- Current investments +€1.0m
new in 2025: €1.0m
- Receivables within one year -€598,827
down €598,827 (-41.1%), from €1.5m to €859,508
of which Other amounts receivable: -€560,477
- Tangible fixed assets -€301,180
down €301,180 (-20.5%), from €1.5m to €1.2m
- Cash -€80,534
down €80,534 (-3.7%), from €2.2m to €2.1m
mainly Contributions, distributions and other (-€1.4m) and Current investments (-€1.0m)
- Other debts +€551,800
up €551,800 (+158%), from €350,000 to €901,800
- Reserves -€490,326
down €490,326 (-15.4%), from €3.2m to €2.7m
of which Distributable reserves: -€487,847
- Debts after one year -€231,502
down €231,502 (-28.0%), from €826,240 to €594,738
of which Financial debts: -€231,502
- Trade debts +€177,559
up €177,559 (+55.2%), from €321,943 to €499,502
- Gross operating margin -€358,421
down €358,421 (-11.2%), from €3.2m to €2.8m
- Staff costs +€189,315
up €189,315 (+16.2%), from €1.2m to €1.4m
- Financial income +€81,613
up €81,613 (+2,809%), from €2,905 to €84,519
- Taxes -€80,918
down €80,918 (-25.5%), from €317,424 to €236,507
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 | €5,158,368 | €5,201,042 | +€42,674 | +0.8% |
| Fixed assets | 21/28 | €1,468,334 | €1,178,559 | -€289,776 | -19.7% |
| Intangible fixed assets | 21 | - | €11,357 | +€11,357 | |
| Tangible fixed assets | 22/27 | €1,467,436 | €1,166,256 | -€301,180 | -20.5% |
| Land and buildings | 22 | €741,008 | €666,378 | -€74,630 | -10.1% |
| Plant, machinery and equipment | 23 | €59,525 | €3,787 | -€55,737 | -93.6% |
| Furniture and vehicles | 24 | €226,270 | €185,537 | -€40,733 | -18.0% |
| Leasing and similar rights | 25 | €440,634 | €310,554 | -€130,080 | -29.5% |
| Financial fixed assets | 28 | €898 | €946 | +€48 | +5.3% |
| Current assets | 29/58 | €3,690,034 | €4,022,484 | +€332,449 | +9.0% |
| Stocks and contracts in progress | 3 | €45,601 | €43,197 | -€2,404 | -5.3% |
| Stocks | 30/36 | €45,601 | €43,197 | -€2,404 | -5.3% |
| Amounts receivable within one year | 40/41 | €1,458,336 | €859,508 | -€598,827 | -41.1% |
| Trade receivables | 40 | €883,192 | €844,842 | -€38,350 | -4.3% |
| Other amounts receivable | 41 | €575,143 | €14,666 | -€560,477 | -97.4% |
| Current investments | 50/53 | - | €1,000,000 | +€1.0m | |
| Cash at bank and in hand | 54/58 | €2,162,255 | €2,081,721 | -€80,534 | -3.7% |
| Deferred charges and accrued income | 490/1 | €23,842 | €38,057 | +€14,215 | +59.6% |
| Total equity and liabilities | 10/49 | €5,158,368 | €5,201,042 | +€42,674 | +0.8% |
| Equity | 10/15 | €3,218,481 | €2,728,156 | -€490,326 | -15.2% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €3,193,692 | €2,703,366 | -€490,326 | -15.4% |
| Non-distributable reserves | 130/1 | €2,479 | €0 | -€2,479 | -100% |
| Reserves not available under the articles | 1311 | €2,479 | €0 | -€2,479 | -100% |
| Tax-exempt reserves | 132 | €421,000 | €421,000 | = | 0.0% |
| Distributable reserves | 133 | €2,770,213 | €2,282,366 | -€487,847 | -17.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,939,887 | €2,472,886 | +€532,999 | +27.5% |
| Amounts payable after more than one year | 17 | €826,240 | €594,738 | -€231,502 | -28.0% |
| Financial debts | 170/4 | €826,240 | €594,738 | -€231,502 | -28.0% |
| Trade debts | 175 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €1,113,647 | €1,877,958 | +€764,311 | +68.6% |
| Current portion of amounts payable after more than one year | 42 | €225,815 | €231,502 | +€5,687 | +2.5% |
| Trade debts | 44 | €321,943 | €499,502 | +€177,559 | +55.2% |
| Suppliers | 440/4 | €321,943 | €499,502 | +€177,559 | +55.2% |
| Taxes, remuneration and social security | 45 | €215,889 | €245,154 | +€29,265 | +13.6% |
| Taxes | 450/3 | €71,011 | €102,545 | +€31,534 | +44.4% |
| Remuneration and social security | 454/9 | €144,878 | €142,609 | -€2,269 | -1.6% |
| Other amounts payable | 47/48 | €350,000 | €901,800 | +€551,800 | +158% |
| Accrued charges and deferred income | 492/3 | €0 | €190 | +€190 | |
| Non-recurring operating income | 76A | €1,400 | €14,426 | +€13,026 | +930% |
| Remuneration, social security and pensions | 62 | €1,167,939 | €1,357,254 | +€189,315 | +16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €317,197 | €333,585 | +€16,387 | +5.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €106 | +€106 | |
| Other operating charges | 640/8 | €27,089 | €31,663 | +€4,575 | +16.9% |
| Non-recurring operating charges | 66A | €864 | €8,811 | +€7,947 | +920% |
| Gross operating margin | 9900 | €3,188,693 | €2,830,273 | -€358,421 | -11.2% |
| Operating profit (loss) | 9901 | €1,675,604 | €1,098,854 | -€576,750 | -34.4% |
| Financial income | 75/76B | €2,905 | €84,519 | +€81,613 | +2,809% |
| Recurring financial income | 75 | €2,905 | €84,519 | +€81,613 | +2,809% |
| Financial charges | 65/66B | €36,476 | €37,191 | +€715 | +2.0% |
| Recurring financial charges | 65 | €36,476 | €37,191 | +€715 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | €1,642,033 | €1,146,181 | -€495,852 | -30.2% |
| Income taxes | 67/77 | €317,424 | €236,507 | -€80,918 | -25.5% |
| Profit (loss) for the period | 9904 | €1,324,609 | €909,674 | -€414,934 | -31.3% |
| Transfer to tax-exempt reserves | 689 | €421,000 | €0 | -€421,000 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €903,609 | €909,674 | +€6,066 | +0.7% |
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 13 October 2026 via checked.be.