VAN HOYWEGHEN: 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 HOYWEGHEN
Largest movements
- Intangible fixed assets -€11,238
down €11,238 (-20.0%), from €56,189 to €44,951
- Cash +€9,451
up €9,451 (+42.0%), from €22,508 to €31,959
mainly Depreciation (+€23,968) and Debts within one year (+€13,891)
- Tangible fixed assets +€4,770
up €4,770 (+10.3%), from €46,357 to €51,127
- Debts within one year +€13,891
up €13,891 (+63.7%), from €21,821 to €35,711
- Debts after one year -€13,599
down €13,599 (-20.8%), from €65,489 to €51,890
- Taxes +€3,447
up €3,447, from -€447 to €3,000
- Gross operating margin +€2,943
up €2,943 (+9.4%), from €31,281 to €34,225
- Depreciation +€2,843
up €2,843 (+13.5%), from €21,125 to €23,968
From the 2010 result to the 2011 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 2010 and 2011 balance sheets and the 2011 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2010 | 2011 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €141,195 | €142,777 | +€1,581 | +1.1% |
| Fixed assets | 21/28 | €102,546 | €96,078 | -€6,468 | -6.3% |
| Intangible fixed assets | 21 | €56,189 | €44,951 | -€11,238 | -20.0% |
| Tangible fixed assets | 22/27 | €46,357 | €51,127 | +€4,770 | +10.3% |
| Current assets | 29/58 | €38,650 | €46,698 | +€8,049 | +20.8% |
| Amounts receivable within one year | 40/41 | €16,141 | €14,739 | -€1,402 | -8.7% |
| Cash at bank and in hand | 54/58 | €22,508 | €31,959 | +€9,451 | +42.0% |
| Total equity and liabilities | 10/49 | €141,195 | €142,777 | +€1,581 | +1.1% |
| Equity | 10/15 | €53,885 | €55,175 | +€1,290 | +2.4% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €50 | €50 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,335 | €54,625 | +€1,290 | +2.4% |
| Amounts payable | 17/49 | €87,310 | €87,602 | +€292 | +0.3% |
| Amounts payable after more than one year | 17 | €65,489 | €51,890 | -€13,599 | -20.8% |
| Amounts payable within one year | 42/48 | €21,821 | €35,711 | +€13,891 | +63.7% |
| Trade debts | 44 | €2,589 | €3,485 | +€896 | +34.6% |
| Turnover | 70 | €144,035 | €143,182 | -€853 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,125 | €23,968 | +€2,843 | +13.5% |
| Gross operating margin | 9900 | €31,281 | €34,225 | +€2,943 | +9.4% |
| Operating profit (loss) | 9901 | €9,035 | €9,116 | +€81 | +0.9% |
| Recurring financial income | 75 | €15 | €10 | -€5 | -34.8% |
| Recurring financial charges | 65 | €6,144 | €4,836 | -€1,308 | -21.3% |
| Profit (loss) for the period before taxes | 9903 | €2,905 | €4,290 | +€1,384 | +47.6% |
| Income taxes | 67/77 | -€447 | €3,000 | +€3,447 | |
| Profit (loss) for the period | 9904 | €3,352 | €1,290 | -€2,063 | -61.5% |
| Profit (loss) for the period to be appropriated | 9905 | €3,352 | €1,290 | -€2,063 | -61.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2010 and 31 December 2011. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.