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
- Tangible fixed assets +€28,322
up €28,322 (+40.3%), from €70,360 to €98,682
of which Furniture and vehicles: +€27,027
- Cash +€18,993
up €18,993 (+173%), from €10,949 to €29,942
mainly Net result for the year (+€33,716) and Tax, wage and social debts (+€16,947)
- Receivables within one year -€7,314
down €7,314 (-13.5%), from €53,992 to €46,679
of which Trade receivables: -€3,982
- Reserves +€33,716
up €33,716 (+102%), from €33,015 to €66,730
- Tax, wage and social debts +€16,947
up €16,947 (+1,793%), from €945 to €17,892
- Trade debts -€11,638
down €11,638 (-47.0%), from €24,754 to €13,116
- Gross operating margin +€63,537
up €63,537 (+689%), from €9,222 to €72,758
- Other operating charges +€13,347
up €13,347 (+1,157%), from €1,153 to €14,501
- Taxes +€12,817
up €12,817 (+310%), from €4,130 to €16,947
- Depreciation -€1,462
down €1,462 (-16.6%), from €8,817 to €7,356
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €136,279 | €175,303 | +€39,024 | +28.6% |
| Fixed assets | 21/28 | €70,360 | €98,682 | +€28,322 | +40.3% |
| Tangible fixed assets | 22/27 | €70,360 | €98,682 | +€28,322 | +40.3% |
| Plant, machinery and equipment | 23 | €7,733 | €9,028 | +€1,295 | +16.8% |
| Furniture and vehicles | 24 | €62,627 | €89,654 | +€27,027 | +43.2% |
| Current assets | 29/58 | €65,919 | €76,621 | +€10,702 | +16.2% |
| Amounts receivable within one year | 40/41 | €53,992 | €46,679 | -€7,314 | -13.5% |
| Trade receivables | 40 | €19,422 | €15,440 | -€3,982 | -20.5% |
| Other amounts receivable | 41 | €34,571 | €31,239 | -€3,331 | -9.6% |
| Cash at bank and in hand | 54/58 | €10,949 | €29,942 | +€18,993 | +173% |
| Deferred charges and accrued income | 490/1 | €977 | - | -€977 | |
| Total equity and liabilities | 10/49 | €136,279 | €175,303 | +€39,024 | +28.6% |
| Equity | 10/15 | €110,580 | €144,296 | +€33,716 | +30.5% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €33,015 | €66,730 | +€33,716 | +102% |
| Distributable reserves | 133 | €33,015 | €66,730 | +€33,716 | +102% |
| Profit (loss) carried forward | 14 | €77,065 | €77,065 | = | 0.0% |
| Amounts payable | 17/49 | €25,699 | €31,007 | +€5,308 | +20.7% |
| Amounts payable within one year | 42/48 | €25,699 | €31,007 | +€5,308 | +20.7% |
| Trade debts | 44 | €24,754 | €13,116 | -€11,638 | -47.0% |
| Suppliers | 440/4 | €24,754 | €13,116 | -€11,638 | -47.0% |
| Taxes, remuneration and social security | 45 | €945 | €17,892 | +€16,947 | +1,793% |
| Taxes | 450/3 | €945 | €17,892 | +€16,947 | +1,793% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,817 | €7,356 | -€1,462 | -16.6% |
| Other operating charges | 640/8 | €1,153 | €14,501 | +€13,347 | +1,157% |
| Gross operating margin | 9900 | €9,222 | €72,758 | +€63,537 | +689% |
| Operating profit (loss) | 9901 | -€749 | €50,902 | +€51,651 | |
| Financial charges | 65/66B | €178 | €240 | +€62 | +34.9% |
| Recurring financial charges | 65 | €178 | €240 | +€62 | +34.9% |
| Profit (loss) for the period before taxes | 9903 | -€927 | €50,662 | +€51,589 | |
| Income taxes | 67/77 | €4,130 | €16,947 | +€12,817 | +310% |
| Profit (loss) for the period | 9904 | -€5,057 | €33,716 | +€38,772 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,057 | €33,716 | +€38,772 |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.