VAN HOUTE & ZOON: 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 HOUTE & ZOON
Largest movements
- Cash +€29,824
up €29,824 (+88.9%), from €33,546 to €63,370
mainly Net result for the year (+€78,070) and Tax, wage and social debts (+€17,067)
- Tangible fixed assets +€27,174
up €27,174 (+199%), from €13,641 to €40,815
of which Plant, machinery and equipment: +€18,529
- Deferred charges and accrued income +€3,534
up €3,534 (+93.6%), from €3,777 to €7,311
- Reserves +€40,620
up €40,620 (+29.3%), from €138,589 to €179,208
of which Distributable reserves: +€40,620
- Profit (loss) carried forward +€35,657
no longer reported in 2025 (was -€35,657)
- Tax, wage and social debts +€17,067
up €17,067 (+22.9%), from €74,645 to €91,712
of which Taxes: +€22,187
- Short-term financial debts -€9,842
no longer reported in 2025 (was €9,842)
- Other debts -€6,373
down €6,373 (-66.4%), from €9,595 to €3,222
- Gross operating margin +€116,752
up €116,752 (+31.5%), from €370,863 to €487,615
- Staff costs +€50,082
up €50,082 (+17.6%), from €284,715 to €334,797
- Taxes +€19,314
up €19,314 (+382%), from €5,059 to €24,373
- Write-downs +€11,011
up €11,011 (+154%), from €7,134 to €18,145
- Other operating charges +€5,917
up €5,917 (+106%), from €5,574 to €11,490
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 | €243,800 | €306,171 | +€62,371 | +25.6% |
| Fixed assets | 21/28 | €13,766 | €40,940 | +€27,174 | +197% |
| Tangible fixed assets | 22/27 | €13,641 | €40,815 | +€27,174 | +199% |
| Plant, machinery and equipment | 23 | €13,223 | €31,751 | +€18,529 | +140% |
| Furniture and vehicles | 24 | €76 | €8,892 | +€8,817 | +11,670% |
| Other tangible fixed assets | 26 | €343 | €172 | -€171 | -50.0% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €230,034 | €265,231 | +€35,197 | +15.3% |
| Stocks and contracts in progress | 3 | €2,025 | €2,025 | = | 0.0% |
| Stocks | 30/36 | €2,025 | €2,025 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €190,687 | €192,526 | +€1,839 | +1.0% |
| Trade receivables | 40 | €167,704 | €177,196 | +€9,492 | +5.7% |
| Other amounts receivable | 41 | €22,983 | €15,330 | -€7,653 | -33.3% |
| Cash at bank and in hand | 54/58 | €33,546 | €63,370 | +€29,824 | +88.9% |
| Deferred charges and accrued income | 490/1 | €3,777 | €7,311 | +€3,534 | +93.6% |
| Total equity and liabilities | 10/49 | €243,800 | €306,171 | +€62,371 | +25.6% |
| Equity | 10/15 | €121,523 | €197,800 | +€76,277 | +62.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €138,589 | €179,208 | +€40,620 | +29.3% |
| Tax-exempt reserves | 132 | €49,238 | €49,238 | = | 0.0% |
| Distributable reserves | 133 | €89,351 | €129,971 | +€40,620 | +45.5% |
| Profit (loss) carried forward | 14 | -€35,657 | - | +€35,657 | |
| Amounts payable | 17/49 | €122,277 | €108,371 | -€13,906 | -11.4% |
| Amounts payable after more than one year | 17 | €564 | - | -€564 | |
| Financial debts | 170/4 | €564 | - | -€564 | |
| Amounts payable within one year | 42/48 | €116,763 | €108,371 | -€8,392 | -7.2% |
| Current portion of amounts payable after more than one year | 42 | €6,712 | €564 | -€6,147 | -91.6% |
| Financial debts | 43 | €9,842 | - | -€9,842 | |
| Credit institutions | 430/8 | €9,842 | - | -€9,842 | |
| Trade debts | 44 | €15,969 | €12,872 | -€3,097 | -19.4% |
| Suppliers | 440/4 | €15,969 | €12,872 | -€3,097 | -19.4% |
| Taxes, remuneration and social security | 45 | €74,645 | €91,712 | +€17,067 | +22.9% |
| Taxes | 450/3 | €19,071 | €41,258 | +€22,187 | +116% |
| Remuneration and social security | 454/9 | €55,575 | €50,455 | -€5,120 | -9.2% |
| Other amounts payable | 47/48 | €9,595 | €3,222 | -€6,373 | -66.4% |
| Accrued charges and deferred income | 492/3 | €4,950 | - | -€4,950 | |
| Remuneration, social security and pensions | 62 | €284,715 | €334,797 | +€50,082 | +17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,038 | €11,608 | -€1,430 | -11.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,134 | €18,145 | +€11,011 | +154% |
| Other operating charges | 640/8 | €5,574 | €11,490 | +€5,917 | +106% |
| Non-recurring operating charges | 66A | - | €4,622 | +€4,622 | |
| Gross operating margin | 9900 | €370,863 | €487,615 | +€116,752 | +31.5% |
| Operating profit (loss) | 9901 | €60,404 | €106,954 | +€46,550 | +77.1% |
| Financial income | 75/76B | €138 | €705 | +€567 | +411% |
| Recurring financial income | 75 | €138 | €705 | +€567 | +411% |
| Financial charges | 65/66B | €3,908 | €5,216 | +€1,308 | +33.5% |
| Recurring financial charges | 65 | €3,908 | €5,216 | +€1,308 | +33.5% |
| Profit (loss) for the period before taxes | 9903 | €56,634 | €102,443 | +€45,809 | +80.9% |
| Income taxes | 67/77 | €5,059 | €24,373 | +€19,314 | +382% |
| Profit (loss) for the period | 9904 | €51,575 | €78,070 | +€26,496 | +51.4% |
| Profit (loss) for the period to be appropriated | 9905 | €51,575 | €78,070 | +€26,496 | +51.4% |
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 24 October 2026 via checked.be.