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
- Receivables within one year +€9,737
up €9,737 (+57.3%), from €16,978 to €26,714
of which Trade receivables: +€10,006
- Tangible fixed assets +€6,191
up €6,191 (+48.2%), from €12,849 to €19,040
of which Plant, machinery and equipment: +€10,699
- Cash -€2,239
down €2,239 (-11.7%), from €19,212 to €16,973
mainly Investment in fixed assets (net) (-€15,769) and Receivables within one year (-€9,737)
- Deferred charges and accrued income -€2,137
no longer reported in 2025 (was €2,137)
- Trade debts +€11,057
up €11,057 (+82.7%), from €13,377 to €24,434
- Debts after one year +€5,964
new in 2025: €5,964
- Other debts -€5,198
down €5,198 (-32.7%), from €15,902 to €10,704
- Profit (loss) carried forward -€5,096
new in 2025: -€5,096
- Current portion of long-term debt +€4,015
new in 2025: €4,015
- Gross operating margin +€5,909
up €5,909 (+385%), from €1,535 to €7,444
- Depreciation +€1,985
up €1,985 (+26.1%), from €7,593 to €9,578
- Financial charges +€633
up €633 (+56.9%), from €1,114 to €1,748
- Financial income -€480
down €480 (-100.0%), from €480 to €0
- Taxes -€118
no longer reported in 2025 (was €118)
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 | €56,464 | €68,016 | +€11,551 | +20.5% |
| Fixed assets | 21/28 | €12,849 | €19,040 | +€6,191 | +48.2% |
| Tangible fixed assets | 22/27 | €12,849 | €19,040 | +€6,191 | +48.2% |
| Plant, machinery and equipment | 23 | €2,049 | €12,748 | +€10,699 | +522% |
| Furniture and vehicles | 24 | €10,799 | €6,292 | -€4,508 | -41.7% |
| Current assets | 29/58 | €43,616 | €48,976 | +€5,360 | +12.3% |
| Stocks and contracts in progress | 3 | €5,289 | €5,289 | = | 0.0% |
| Stocks | 30/36 | €5,289 | €5,289 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €16,978 | €26,714 | +€9,737 | +57.3% |
| Trade receivables | 40 | €15,256 | €25,262 | +€10,006 | +65.6% |
| Other amounts receivable | 41 | €1,722 | €1,452 | -€269 | -15.6% |
| Cash at bank and in hand | 54/58 | €19,212 | €16,973 | -€2,239 | -11.7% |
| Deferred charges and accrued income | 490/1 | €2,137 | - | -€2,137 | |
| Total equity and liabilities | 10/49 | €56,464 | €68,016 | +€11,551 | +20.5% |
| Equity | 10/15 | €16,821 | €11,726 | -€5,096 | -30.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €13,821 | €13,821 | = | 0.0% |
| Distributable reserves | 133 | €13,821 | €13,821 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€5,096 | -€5,096 | |
| Amounts payable | 17/49 | €39,643 | €56,290 | +€16,647 | +42.0% |
| Amounts payable after more than one year | 17 | - | €5,964 | +€5,964 | |
| Financial debts | 170/4 | - | €5,964 | +€5,964 | |
| Amounts payable within one year | 42/48 | €39,643 | €50,326 | +€10,683 | +26.9% |
| Current portion of amounts payable after more than one year | 42 | - | €4,015 | +€4,015 | |
| Trade debts | 44 | €13,377 | €24,434 | +€11,057 | +82.7% |
| Suppliers | 440/4 | €13,377 | €24,434 | +€11,057 | +82.7% |
| Advances received on contracts in progress | 46 | €2,869 | - | -€2,869 | |
| Taxes, remuneration and social security | 45 | €7,495 | €11,173 | +€3,678 | +49.1% |
| Taxes | 450/3 | €1,292 | €578 | -€714 | -55.3% |
| Remuneration and social security | 454/9 | €6,203 | €10,595 | +€4,392 | +70.8% |
| Other amounts payable | 47/48 | €15,902 | €10,704 | -€5,198 | -32.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,593 | €9,578 | +€1,985 | +26.1% |
| Other operating charges | 640/8 | €1,255 | €1,214 | -€40 | -3.2% |
| Gross operating margin | 9900 | €1,535 | €7,444 | +€5,909 | +385% |
| Operating profit (loss) | 9901 | -€7,313 | -€3,348 | +€3,965 | +54.2% |
| Financial income | 75/76B | €480 | €0 | -€480 | -100.0% |
| Recurring financial income | 75 | €480 | €0 | -€480 | -100.0% |
| Financial charges | 65/66B | €1,114 | €1,748 | +€633 | +56.9% |
| Recurring financial charges | 65 | €1,114 | €1,748 | +€633 | +56.9% |
| Profit (loss) for the period before taxes | 9903 | -€7,947 | -€5,096 | +€2,851 | +35.9% |
| Income taxes | 67/77 | €118 | - | -€118 | |
| Profit (loss) for the period | 9904 | -€8,065 | -€5,096 | +€2,969 | +36.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,065 | -€5,096 | +€2,969 | +36.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.