VAN HOVE LBM: 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 LBM
Largest movements
- Tangible fixed assets +€511,285
up €511,285 (+13.9%), from €3.7m to €4.2m
of which Land and buildings: +€517,023
- Cash +€72,709
up €72,709 (+137%), from €52,968 to €125,677
mainly Other debts (+€714,358) and Depreciation (+€152,558)
- Other debts +€714,358
up €714,358 (+1,367%), from €52,250 to €766,607
- Profit (loss) carried forward -€93,355
new in 2025: -€93,355
- Gross operating margin -€47,612
down €47,612 (-28.2%), from €168,982 to €121,370
- Depreciation +€47,369
up €47,369 (+45.0%), from €105,189 to €152,558
- Other operating charges +€27,806
up €27,806 (+83.9%), from €33,138 to €60,944
- Financial income +€3,369
up €3,369 (+1,054%), from €320 to €3,689
of which Non-recurring financial income: +€3,413
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 | €3,763,287 | €4,372,947 | +€609,660 | +16.2% |
| Fixed assets | 21/28 | €3,689,106 | €4,200,390 | +€511,285 | +13.9% |
| Tangible fixed assets | 22/27 | €3,689,106 | €4,200,390 | +€511,285 | +13.9% |
| Land and buildings | 22 | €3,642,590 | €4,159,613 | +€517,023 | +14.2% |
| Plant, machinery and equipment | 23 | €29,254 | €26,035 | -€3,219 | -11.0% |
| Furniture and vehicles | 24 | €17,262 | €14,742 | -€2,520 | -14.6% |
| Current assets | 29/58 | €74,182 | €172,557 | +€98,376 | +133% |
| Amounts receivable within one year | 40/41 | €4,349 | €8,348 | +€3,999 | +92.0% |
| Trade receivables | 40 | €1,855 | €4,756 | +€2,901 | +156% |
| Other amounts receivable | 41 | €2,494 | €3,592 | +€1,098 | +44.0% |
| Current investments | 50/53 | €2,250 | €2,250 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €52,968 | €125,677 | +€72,709 | +137% |
| Deferred charges and accrued income | 490/1 | €14,615 | €36,283 | +€21,668 | +148% |
| Total equity and liabilities | 10/49 | €3,763,287 | €4,372,947 | +€609,660 | +16.2% |
| Equity | 10/15 | €1,446,028 | €1,352,673 | -€93,355 | -6.5% |
| Contributions | 10/11 | €1,435,000 | €1,435,000 | = | 0.0% |
| Capital | 10 | €1,435,000 | €1,435,000 | = | 0.0% |
| Issued capital | 100 | €1,435,000 | €1,435,000 | = | 0.0% |
| Reserves | 13 | €11,028 | €11,028 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,219 | €2,219 | = | 0.0% |
| Legal reserve | 130 | €2,219 | €2,219 | = | 0.0% |
| Distributable reserves | 133 | €8,809 | €8,809 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€93,355 | -€93,355 | |
| Amounts payable | 17/49 | €2,317,259 | €3,020,274 | +€703,015 | +30.3% |
| Amounts payable after more than one year | 17 | €2,219,624 | €2,183,284 | -€36,340 | -1.6% |
| Financial debts | 170/4 | €103,246 | €66,906 | -€36,340 | -35.2% |
| Other amounts payable | 178/9 | €2,116,378 | €2,116,378 | = | 0.0% |
| Amounts payable within one year | 42/48 | €97,635 | €831,465 | +€733,830 | +752% |
| Current portion of amounts payable after more than one year | 42 | €35,027 | €36,340 | +€1,314 | +3.8% |
| Trade debts | 44 | €4,826 | €23,495 | +€18,669 | +387% |
| Suppliers | 440/4 | €4,826 | €23,495 | +€18,669 | +387% |
| Taxes, remuneration and social security | 45 | €5,533 | €5,022 | -€510 | -9.2% |
| Taxes | 450/3 | €5,533 | €5,022 | -€510 | -9.2% |
| Other amounts payable | 47/48 | €52,250 | €766,607 | +€714,358 | +1,367% |
| Accrued charges and deferred income | 492/3 | - | €5,525 | +€5,525 | |
| Non-recurring operating income | 76A | €1,539 | - | -€1,539 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €105,189 | €152,558 | +€47,369 | +45.0% |
| Other operating charges | 640/8 | €33,138 | €60,944 | +€27,806 | +83.9% |
| Gross operating margin | 9900 | €168,982 | €121,370 | -€47,612 | -28.2% |
| Operating profit (loss) | 9901 | €30,655 | -€92,132 | -€122,787 | |
| Financial income | 75/76B | €320 | €3,689 | +€3,369 | +1,054% |
| Recurring financial income | 75 | €65 | €21 | -€44 | -67.4% |
| Non-recurring financial income | 76B | €255 | €3,668 | +€3,413 | +1,338% |
| Financial charges | 65/66B | €5,917 | €4,694 | -€1,223 | -20.7% |
| Recurring financial charges | 65 | €5,917 | €4,694 | -€1,223 | -20.7% |
| Profit (loss) for the period before taxes | 9903 | €25,058 | -€93,137 | -€118,195 | |
| Income taxes | 67/77 | €219 | €219 | -€1 | -0.3% |
| Profit (loss) for the period | 9904 | €24,839 | -€93,355 | -€118,194 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,839 | -€93,355 | -€118,194 |
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 24 October 2026 via checked.be.