VAN HUELE: what changed
What changed
VAN HUELE
NACE 41.001, General construction of residential buildings
filed annual accounts (NBB)
Net result for the year
€670,506
2024 · €910,516-€240,010
Equity
€5.1m
2024 · €4.4m+€670,505
Cash
€548,915
2024 · €319,395+€229,520
Balance sheet total
€14.0m
2024 · €14.3m-€279,141
Largest movements
Assets
- Receivables within one year -€1.8m
down €1.8m (-28.4%), from €6.3m to €4.5m
of which Trade receivables: -€1.5m
- Stocks and contracts +€1.3m
up €1.3m (+20.2%), from €6.4m to €7.7m
of which Stocks: +€1.4m
- Cash +€229,520
up €229,520 (+71.9%), from €319,395 to €548,915
mainly Receivables within one year (+€1.8m) and Net result for the year (+€670,506)
- Tangible fixed assets -€160,646
down €160,646 (-24.4%), from €657,977 to €497,331
of which Plant, machinery and equipment: -€85,867
Equity and liabilities
- Advances received -€1.0m
no longer reported in 2025 (was €1.0m)
- Reserves +€631,500
up €631,500 (+30.9%), from €2.0m to €2.7m
of which Tax-exempt reserves: +€631,500
- Short-term financial debts +€287,591
up €287,591 (+6.0%), from €4.8m to €5.1m
- Debts after one year -€229,400
down €229,400 (-56.0%), from €409,369 to €179,969
Income statement
- Turnover -€2.6m
down €2.6m (-9.4%), from €27.5m to €24.9m
- Goods and materials -€619,839
down €619,839 (-4.1%), from €15.3m to €14.7m
of which Purchases: -€694,057
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€910,516
Turnover
-€2.6m
Other operating income
-€90,285
Goods and materials
+€619,839
Services and other goods
+€137,520
Staff costs
+€249,345
Depreciation
+€11,711
Write-downs
-€101,583
Provisions
-€39,913
Other operating charges
+€168,403
Other operating items
+€1.6m
Financial income
-€38,186
Financial charges
+€39,189
Taxes
-€181,735
Result 2025
€670,506
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€349,218
Investment
-€187,378
Financing
+€67,680
Cash 2024
€319,395
From operations (derived)
+€349,218
Net result for the year
+€670,506
Depreciation
+€258,503
Stocks and contracts
-€1.3m
Receivables within one year
+€1.8m
Deferred charges and accrued income
-€71,015
Trade debts
+€12,811
Tax, wage and social debts
-€20,736
Advances received
-€1.0m
Other debts
+€7,353
Investment (derived)
-€187,378
Investment in fixed assets (net)
-€187,378
Financing
+€67,680
Debts after one year
-€229,400
Current portion of long-term debt
+€9,490
Short-term financial debts
+€287,591
Contributions, distributions and other
-€1
Cash 2025
€548,915
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,280,603 | €14,001,462 | -€279,141 | -2.0% |
| Fixed assets | 21/28 | €1,231,395 | €1,160,270 | -€71,125 | -5.8% |
| Tangible fixed assets | 22/27 | €657,977 | €497,331 | -€160,646 | -24.4% |
| Plant, machinery and equipment | 23 | €434,876 | €349,009 | -€85,867 | -19.7% |
| Furniture and vehicles | 24 | €223,101 | €148,322 | -€74,779 | -33.5% |
| Financial fixed assets | 28 | €573,418 | €662,939 | +€89,521 | +15.6% |
| Other financial fixed assets | 284/8 | €573,418 | €662,939 | +€89,521 | +15.6% |
| Amounts receivable and cash guarantees | 285/8 | €573,418 | €662,939 | +€89,521 | +15.6% |
| Current assets | 29/58 | €13,049,208 | €12,841,192 | -€208,016 | -1.6% |
| Stocks and contracts in progress | 3 | €6,393,176 | €7,682,200 | +€1.3m | +20.2% |
| Stocks | 30/36 | €3,884,202 | €5,328,858 | +€1.4m | +37.2% |
| Raw materials and consumables | 30/31 | €603,841 | €540,002 | -€63,839 | -10.6% |
| Property held for sale | 35 | €3,280,361 | €4,788,856 | +€1.5m | +46.0% |
| Contracts in progress | 37 | €2,508,974 | €2,353,342 | -€155,632 | -6.2% |
| Amounts receivable within one year | 40/41 | €6,336,637 | €4,539,062 | -€1.8m | -28.4% |
| Trade receivables | 40 | €3,814,963 | €2,317,673 | -€1.5m | -39.2% |
| Other amounts receivable | 41 | €2,521,674 | €2,221,389 | -€300,285 | -11.9% |
| Cash at bank and in hand | 54/58 | €319,395 | €548,915 | +€229,520 | +71.9% |
| Deferred charges and accrued income | 490/1 | - | €71,015 | +€71,015 | |
| Total equity and liabilities | 10/49 | €14,280,603 | €14,001,462 | -€279,141 | -2.0% |
| Equity | 10/15 | €4,444,996 | €5,115,501 | +€670,505 | +15.1% |
| Contributions | 10/11 | €348,601 | €348,601 | = | 0.0% |
| Capital | 10 | €348,601 | €348,601 | = | 0.0% |
| Issued capital | 100 | €348,601 | €348,601 | = | 0.0% |
| Reserves | 13 | €2,043,849 | €2,675,349 | +€631,500 | +30.9% |
| Non-distributable reserves | 130/1 | €34,860 | €34,860 | = | 0.0% |
| Legal reserve | 130 | €34,860 | €34,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €210,500 | €842,000 | +€631,500 | +300% |
| Distributable reserves | 133 | €1,798,489 | €1,798,489 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,052,546 | €2,091,551 | +€39,005 | +1.9% |
| Provisions and deferred taxes | 16 | €96,916 | €96,916 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €96,916 | €96,916 | = | 0.0% |
| Other liabilities and charges | 164/5 | €96,916 | €96,916 | = | 0.0% |
| Amounts payable | 17/49 | €9,738,691 | €8,789,045 | -€949,646 | -9.8% |
| Amounts payable after more than one year | 17 | €409,369 | €179,969 | -€229,400 | -56.0% |
| Financial debts | 170/4 | €409,369 | €179,969 | -€229,400 | -56.0% |
| Credit institutions | 173 | €409,369 | €179,969 | -€229,400 | -56.0% |
| Amounts payable within one year | 42/48 | €9,329,322 | €8,609,076 | -€720,246 | -7.7% |
| Current portion of amounts payable after more than one year | 42 | €219,910 | €229,400 | +€9,490 | +4.3% |
| Financial debts | 43 | €4,762,963 | €5,050,554 | +€287,591 | +6.0% |
| Credit institutions | 430/8 | €4,762,963 | €5,050,554 | +€287,591 | +6.0% |
| Trade debts | 44 | €2,461,302 | €2,474,113 | +€12,811 | +0.5% |
| Suppliers | 440/4 | €2,461,302 | €2,474,113 | +€12,811 | +0.5% |
| Advances received on contracts in progress | 46 | €1,016,755 | - | -€1.0m | |
| Taxes, remuneration and social security | 45 | €535,815 | €515,079 | -€20,736 | -3.9% |
| Taxes | 450/3 | €121,918 | €83,452 | -€38,466 | -31.6% |
| Remuneration and social security | 454/9 | €413,897 | €431,627 | +€17,730 | +4.3% |
| Other amounts payable | 47/48 | €332,577 | €339,930 | +€7,353 | +2.2% |
| Operating income | 70/76A | €27,817,516 | €26,712,916 | -€1.1m | -4.0% |
| Turnover | 70 | €27,455,633 | €24,864,916 | -€2.6m | -9.4% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€250,807 | €1,377,863 | +€1.6m | |
| Other operating income | 74 | €548,145 | €457,860 | -€90,285 | -16.5% |
| Non-recurring operating income | 76A | €64,545 | €12,277 | -€52,268 | -81.0% |
| Operating charges | 60/66A | €26,556,303 | €25,510,981 | -€1.0m | -3.9% |
| Goods for resale, raw materials and consumables | 60 | €15,273,192 | €14,653,353 | -€619,839 | -4.1% |
| Purchases | 600/8 | €15,283,571 | €14,589,514 | -€694,057 | -4.5% |
| Change in stocks: decrease (increase) | 609 | -€10,379 | €63,839 | +€74,218 | |
| Services and other goods | 61 | €4,188,585 | €4,051,065 | -€137,520 | -3.3% |
| Remuneration, social security and pensions | 62 | €6,514,606 | €6,265,261 | -€249,345 | -3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €270,214 | €258,503 | -€11,711 | -4.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€76,583 | €25,000 | +€101,583 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€39,913 | - | +€39,913 | |
| Other operating charges | 640/8 | €426,202 | €257,799 | -€168,403 | -39.5% |
| Operating profit (loss) | 9901 | €1,261,213 | €1,201,935 | -€59,278 | -4.7% |
| Financial income | 75/76B | €66,939 | €28,753 | -€38,186 | -57.0% |
| Recurring financial income | 75 | €66,939 | €28,753 | -€38,186 | -57.0% |
| Income from financial fixed assets | 750 | €9,351 | €28,753 | +€19,402 | +207% |
| Income from current assets | 751 | €11,074 | - | -€11,074 | |
| Other financial income | 752/9 | €46,514 | - | -€46,514 | |
| Financial charges | 65/66B | €350,674 | €311,485 | -€39,189 | -11.2% |
| Recurring financial charges | 65 | €350,674 | €311,485 | -€39,189 | -11.2% |
| Debt charges | 650 | €290,442 | €253,409 | -€37,033 | -12.8% |
| Other financial charges | 652/9 | €60,232 | €58,076 | -€2,156 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | €977,478 | €919,203 | -€58,275 | -6.0% |
| Income taxes | 67/77 | €66,962 | €248,697 | +€181,735 | +271% |
| Taxes | 670/3 | €66,962 | €248,697 | +€181,735 | +271% |
| Profit (loss) for the period | 9904 | €910,516 | €670,506 | -€240,010 | -26.4% |
| Transfer from tax-exempt reserves | 789 | €105,250 | - | -€105,250 | |
| Transfer to tax-exempt reserves | 689 | - | €631,500 | +€631,500 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,015,766 | €39,006 | -€976,760 | -96.2% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.