VAN HOYDONCK: 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 HOYDONCK
Largest movements
- Tangible fixed assets -€13,988
down €13,988 (-58.5%), from €23,906 to €9,918
of which Furniture and vehicles: -€14,464
- Cash +€11,236
up €11,236 (+9.4%), from €119,687 to €130,922
mainly Depreciation (+€16,705) and Net result for the year (+€6,037)
- Reserves +€5,500
up €5,500 (+5.8%), from €94,760 to €100,260
- Debts after one year -€5,112
down €5,112 (-100%), from €5,112 to €0
- Current portion of long-term debt -€5,036
down €5,036 (-49.6%), from €10,148 to €5,112
- Other debts +€1,797
up €1,797 (+10.5%), from €17,148 to €18,944
- Gross operating margin -€8,781
down €8,781 (-22.3%), from €39,361 to €30,580
- Other operating charges +€3,050
up €3,050 (+670%), from €455 to €3,505
- Taxes -€3,041
down €3,041 (-42.7%), from €7,119 to €4,078
- Depreciation +€450
up €450 (+2.8%), from €16,254 to €16,705
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 | €160,748 | €157,700 | -€3,048 | -1.9% |
| Fixed assets | 21/28 | €23,906 | €9,918 | -€13,988 | -58.5% |
| Tangible fixed assets | 22/27 | €23,906 | €9,918 | -€13,988 | -58.5% |
| Plant, machinery and equipment | 23 | €3,286 | €3,762 | +€477 | +14.5% |
| Furniture and vehicles | 24 | €20,620 | €6,156 | -€14,464 | -70.1% |
| Current assets | 29/58 | €136,842 | €147,782 | +€10,940 | +8.0% |
| Amounts receivable within one year | 40/41 | €16,574 | €16,230 | -€345 | -2.1% |
| Trade receivables | 40 | €11,503 | €13,447 | +€1,944 | +16.9% |
| Other amounts receivable | 41 | €5,071 | €2,782 | -€2,289 | -45.1% |
| Cash at bank and in hand | 54/58 | €119,687 | €130,922 | +€11,236 | +9.4% |
| Deferred charges and accrued income | 490/1 | €582 | €630 | +€49 | +8.3% |
| Total equity and liabilities | 10/49 | €160,748 | €157,700 | -€3,048 | -1.9% |
| Equity | 10/15 | €121,084 | €127,121 | +€6,037 | +5.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €94,760 | €100,260 | +€5,500 | +5.8% |
| Distributable reserves | 133 | €94,760 | €100,260 | +€5,500 | +5.8% |
| Profit (loss) carried forward | 14 | €7,724 | €8,261 | +€537 | +7.0% |
| Amounts payable | 17/49 | €39,664 | €30,579 | -€9,085 | -22.9% |
| Amounts payable after more than one year | 17 | €5,112 | €0 | -€5,112 | -100% |
| Financial debts | 170/4 | €5,112 | €0 | -€5,112 | -100% |
| Amounts payable within one year | 42/48 | €34,552 | €30,579 | -€3,974 | -11.5% |
| Current portion of amounts payable after more than one year | 42 | €10,148 | €5,112 | -€5,036 | -49.6% |
| Trade debts | 44 | €67 | €273 | +€206 | +307% |
| Suppliers | 440/4 | €67 | €273 | +€206 | +307% |
| Taxes, remuneration and social security | 45 | €7,190 | €6,250 | -€940 | -13.1% |
| Taxes | 450/3 | €7,190 | €6,250 | -€940 | -13.1% |
| Other amounts payable | 47/48 | €17,148 | €18,944 | +€1,797 | +10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,254 | €16,705 | +€450 | +2.8% |
| Other operating charges | 640/8 | €455 | €3,505 | +€3,050 | +670% |
| Gross operating margin | 9900 | €39,361 | €30,580 | -€8,781 | -22.3% |
| Operating profit (loss) | 9901 | €22,651 | €10,370 | -€12,281 | -54.2% |
| Financial income | 75/76B | €0 | €172 | +€171 | +214,338% |
| Recurring financial income | 75 | €0 | €172 | +€171 | +214,338% |
| Financial charges | 65/66B | €537 | €427 | -€111 | -20.6% |
| Recurring financial charges | 65 | €537 | €427 | -€111 | -20.6% |
| Profit (loss) for the period before taxes | 9903 | €22,114 | €10,115 | -€11,999 | -54.3% |
| Income taxes | 67/77 | €7,119 | €4,078 | -€3,041 | -42.7% |
| Profit (loss) for the period | 9904 | €14,995 | €6,037 | -€8,958 | -59.7% |
| Profit (loss) for the period to be appropriated | 9905 | €14,995 | €6,037 | -€8,958 | -59.7% |
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 16 October 2026 via checked.be.