Van Hove: 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 Hove
Largest movements
- Current investments -€499,976
down €499,976 (-65.8%), from €760,062 to €260,087
- Cash +€462,201
up €462,201 (+2,694%), from €17,154 to €479,355
mainly Current investments (+€499,976) and Depreciation (+€76,933)
- Tangible fixed assets -€76,933
down €76,933 (-6.1%), from €1.3m to €1.2m
of which Plant, machinery and equipment: -€50,753
- Receivables within one year +€65,701
up €65,701 (+70.2%), from €93,557 to €159,259
- Tax, wage and social debts -€55,893
down €55,893 (-100%), from €55,893 to €0
of which Taxes: -€55,893
- Gross operating margin -€745,776
down €745,776 (-91.5%), from €814,954 to €69,178
- Taxes -€189,479
down €189,479 (-98.5%), from €192,320 to €2,841
- Depreciation -€126,471
down €126,471 (-62.2%), from €203,404 to €76,933
- Staff costs -€28,147
down €28,147 (-100%), from €28,147 to €0
- Financial income -€14,922
down €14,922 (-37.8%), from €39,440 to €24,519
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 | €2,133,185 | €2,078,902 | -€54,283 | -2.5% |
| Fixed assets | 21/28 | €1,255,743 | €1,178,809 | -€76,933 | -6.1% |
| Tangible fixed assets | 22/27 | €1,255,663 | €1,178,729 | -€76,933 | -6.1% |
| Land and buildings | 22 | €1,014,090 | €996,440 | -€17,650 | -1.7% |
| Plant, machinery and equipment | 23 | €220,688 | €169,934 | -€50,753 | -23.0% |
| Furniture and vehicles | 24 | €20,885 | €12,355 | -€8,530 | -40.8% |
| Financial fixed assets | 28 | €80 | €80 | = | 0.0% |
| Current assets | 29/58 | €877,443 | €900,093 | +€22,650 | +2.6% |
| Amounts receivable within one year | 40/41 | €93,557 | €159,259 | +€65,701 | +70.2% |
| Other amounts receivable | 41 | €93,557 | €159,259 | +€65,701 | +70.2% |
| Current investments | 50/53 | €760,062 | €260,087 | -€499,976 | -65.8% |
| Cash at bank and in hand | 54/58 | €17,154 | €479,355 | +€462,201 | +2,694% |
| Deferred charges and accrued income | 490/1 | €6,669 | €1,392 | -€5,276 | -79.1% |
| Total equity and liabilities | 10/49 | €2,133,185 | €2,078,902 | -€54,283 | -2.5% |
| Equity | 10/15 | €2,068,666 | €2,069,941 | +€1,275 | +0.1% |
| Contributions | 10/11 | €15,134 | €15,134 | = | 0.0% |
| Reserves | 13 | €2,053,532 | €2,054,807 | +€1,275 | +0.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €2,053,532 | €2,054,807 | +€1,275 | +0.1% |
| Amounts payable | 17/49 | €64,519 | €8,961 | -€55,558 | -86.1% |
| Amounts payable after more than one year | 17 | €2,610 | €2,610 | = | 0.0% |
| Other amounts payable | 178/9 | €2,610 | €2,610 | = | 0.0% |
| Amounts payable within one year | 42/48 | €57,604 | €2,046 | -€55,558 | -96.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €1,711 | €2,046 | +€336 | +19.6% |
| Suppliers | 440/4 | €1,711 | €2,046 | +€336 | +19.6% |
| Taxes, remuneration and social security | 45 | €55,893 | €0 | -€55,893 | -100% |
| Taxes | 450/3 | €55,893 | €0 | -€55,893 | -100% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €4,305 | €4,305 | = | 0.0% |
| Non-recurring operating income | 76A | €621,236 | €0 | -€621,236 | -100% |
| Remuneration, social security and pensions | 62 | €28,147 | €0 | -€28,147 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €203,404 | €76,933 | -€126,471 | -62.2% |
| Other operating charges | 640/8 | €17,252 | €10,309 | -€6,943 | -40.2% |
| Gross operating margin | 9900 | €814,954 | €69,178 | -€745,776 | -91.5% |
| Operating profit (loss) | 9901 | €566,151 | -€18,064 | -€584,215 | |
| Financial income | 75/76B | €39,440 | €24,519 | -€14,922 | -37.8% |
| Recurring financial income | 75 | €39,440 | €24,519 | -€14,922 | -37.8% |
| Financial charges | 65/66B | €5,363 | €2,338 | -€3,025 | -56.4% |
| Recurring financial charges | 65 | €5,363 | €2,338 | -€3,025 | -56.4% |
| Profit (loss) for the period before taxes | 9903 | €600,228 | €4,116 | -€596,112 | -99.3% |
| Income taxes | 67/77 | €192,320 | €2,841 | -€189,479 | -98.5% |
| Profit (loss) for the period | 9904 | €407,907 | €1,275 | -€406,632 | -99.7% |
| Profit (loss) for the period to be appropriated | 9905 | €407,907 | €1,275 | -€406,632 | -99.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.