VAN HOYE FRERES: 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 HOYE FRERES
Largest movements
- Receivables within one year -€216,662
down €216,662 (-99.9%), from €216,809 to €147
- Cash -€9,837
down €9,837 (-8.6%), from €114,939 to €105,102
mainly Contributions, distributions and other (-€273,000)
- Reserves -€273,000
down €273,000 (-100%), from €273,000 to €0
- Other debts +€29,654
new in 2025: €29,654
- Tax, wage and social debts +€13,770
new in 2025: €13,770
- Gross operating margin +€1,625
up €1,625, from -€716 to €909
- Other operating charges -€785
down €785 (-94.8%), from €828 to €43
- Purchases and services -€701
down €701 (-5.9%), from €11,879 to €11,178
- Financial income -€534
down €534 (-52.2%), from €1,024 to €490
- Financial charges +€15
up €15 (+9.5%), from €155 to €169
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 | €337,946 | €111,446 | -€226,499 | -67.0% |
| Fixed assets | 21/28 | €6,197 | €6,197 | = | 0.0% |
| Tangible fixed assets | 22/27 | €6,197 | €6,197 | = | 0.0% |
| Land and buildings | 22 | €6,197 | €6,197 | = | 0.0% |
| Current assets | 29/58 | €331,748 | €105,249 | -€226,499 | -68.3% |
| Amounts receivable within one year | 40/41 | €216,809 | €147 | -€216,662 | -99.9% |
| Other amounts receivable | 41 | €216,809 | €147 | -€216,662 | -99.9% |
| Cash at bank and in hand | 54/58 | €114,939 | €105,102 | -€9,837 | -8.6% |
| Total equity and liabilities | 10/49 | €337,946 | €111,446 | -€226,499 | -67.0% |
| Equity | 10/15 | €336,761 | €64,948 | -€271,813 | -80.7% |
| Contributions | 10/11 | €61,942 | €61,942 | = | 0.0% |
| Capital | 10 | €61,940 | €61,940 | = | 0.0% |
| Issued capital | 100 | €61,940 | €61,940 | = | 0.0% |
| Contributions outside capital | 11 | €2 | €2 | = | 0.0% |
| Share premium | 1100/10 | €2 | €2 | = | 0.0% |
| Reserves | 13 | €273,000 | €0 | -€273,000 | -100% |
| Distributable reserves | 133 | €273,000 | €0 | -€273,000 | -100% |
| Profit (loss) carried forward | 14 | €1,819 | €3,006 | +€1,187 | +65.2% |
| Amounts payable | 17/49 | €1,184 | €46,499 | +€45,314 | +3,826% |
| Amounts payable within one year | 42/48 | €1,184 | €46,499 | +€45,314 | +3,826% |
| Trade debts | 44 | €1,184 | €3,075 | +€1,890 | +160% |
| Suppliers | 440/4 | €1,184 | €3,075 | +€1,890 | +160% |
| Taxes, remuneration and social security | 45 | - | €13,770 | +€13,770 | |
| Taxes | 450/3 | - | €13,770 | +€13,770 | |
| Other amounts payable | 47/48 | - | €29,654 | +€29,654 | |
| Goods, raw materials, services and sundry goods | 60/61 | €11,879 | €11,178 | -€701 | -5.9% |
| Other operating charges | 640/8 | €828 | €43 | -€785 | -94.8% |
| Gross operating margin | 9900 | -€716 | €909 | +€1,625 | |
| Operating profit (loss) | 9901 | -€1,544 | €866 | +€2,410 | |
| Financial income | 75/76B | €1,024 | €490 | -€534 | -52.2% |
| Recurring financial income | 75 | €1,024 | €490 | -€534 | -52.2% |
| Financial charges | 65/66B | €155 | €169 | +€15 | +9.5% |
| Recurring financial charges | 65 | €155 | €169 | +€15 | +9.5% |
| Profit (loss) for the period before taxes | 9903 | -€675 | €1,187 | +€1,861 | |
| Income taxes | 67/77 | -€9 | €0 | +€9 | |
| Profit (loss) for the period | 9904 | -€665 | €1,187 | +€1,852 | |
| Profit (loss) for the period to be appropriated | 9905 | -€665 | €1,187 | +€1,852 |
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 15 October 2026 via checked.be.