Van Huffel: what changed
Two fiscal 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 Huffel
Largest movements
- Cash -€10,337
down €10,337 (-48.8%), from €21,179 to €10,842
mainly Tax, wage and social debts (-€19,328) and Current portion of long-term debt (-€12,705)
- Stocks and contracts -€7,226
down €7,226 (-26.3%), from €27,449 to €20,224
- Deferred charges and accrued income +€985
up €985 (+14.1%), from €7,009 to €7,994
- Profit (loss) carried forward +€30,534
up €30,534 (+51.3%), from -€59,529 to -€28,995
- Tax, wage and social debts -€19,328
down €19,328 (-72.3%), from €26,746 to €7,418
of which Remuneration and social security: -€20,381
- Current portion of long-term debt -€12,705
down €12,705 (-83.1%), from €15,290 to €2,585
- Other debts -€11,856
down €11,856 (-26.8%), from €44,282 to €32,426
- Trade debts -€4,622
down €4,622 (-17.2%), from €26,911 to €22,289
- Gross operating margin +€11,856
up €11,856 (+6.8%), from €173,223 to €185,079
- Staff costs -€3,698
down €3,698 (-2.6%), from €143,062 to €139,364
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.
Cash bridge derived
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 | €94,285 | €76,101 | -€18,184 | -19.3% |
| Fixed assets | 21/28 | €36,083 | €35,402 | -€681 | -1.9% |
| Intangible fixed assets | 21 | €1,456 | €1,038 | -€418 | -28.7% |
| Tangible fixed assets | 22/27 | €29,494 | €29,230 | -€263 | -0.9% |
| Land and buildings | 22 | €19,964 | €16,352 | -€3,611 | -18.1% |
| Plant, machinery and equipment | 23 | €8,797 | €12,553 | +€3,757 | +42.7% |
| Furniture and vehicles | 24 | €733 | €325 | -€409 | -55.7% |
| Financial fixed assets | 28 | €5,134 | €5,134 | = | 0.0% |
| Current assets | 29/58 | €58,202 | €40,699 | -€17,503 | -30.1% |
| Stocks and contracts in progress | 3 | €27,449 | €20,224 | -€7,226 | -26.3% |
| Stocks | 30/36 | €27,449 | €20,224 | -€7,226 | -26.3% |
| Amounts receivable within one year | 40/41 | €2,565 | €1,639 | -€926 | -36.1% |
| Trade receivables | 40 | €2,559 | €1,592 | -€966 | -37.8% |
| Other amounts receivable | 41 | €7 | €47 | +€40 | +579.7% |
| Cash at bank and in hand | 54/58 | €21,179 | €10,842 | -€10,337 | -48.8% |
| Deferred charges and accrued income | 490/1 | €7,009 | €7,994 | +€985 | +14.1% |
| Total equity and liabilities | 10/49 | €94,285 | €76,101 | -€18,184 | -19.3% |
| Equity | 10/15 | -€39,529 | -€8,995 | +€30,534 | +77.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€59,529 | -€28,995 | +€30,534 | +51.3% |
| Amounts payable | 17/49 | €133,814 | €85,096 | -€48,718 | -36.4% |
| Amounts payable after more than one year | 17 | €2,585 | €0 | -€2,585 | -100.0% |
| Financial debts | 170/4 | €2,585 | €0 | -€2,585 | -100.0% |
| Amounts payable within one year | 42/48 | €131,229 | €84,718 | -€46,511 | -35.4% |
| Current portion of amounts payable after more than one year | 42 | €15,290 | €2,585 | -€12,705 | -83.1% |
| Financial debts | 43 | €18,000 | €20,000 | +€2,000 | +11.1% |
| Credit institutions | 430/8 | €18,000 | €20,000 | +€2,000 | +11.1% |
| Trade debts | 44 | €26,911 | €22,289 | -€4,622 | -17.2% |
| Suppliers | 440/4 | €26,911 | €22,289 | -€4,622 | -17.2% |
| Taxes, remuneration and social security | 45 | €26,746 | €7,418 | -€19,328 | -72.3% |
| Taxes | 450/3 | €1,397 | €2,450 | +€1,053 | +75.4% |
| Remuneration and social security | 454/9 | €25,349 | €4,968 | -€20,381 | -80.4% |
| Other amounts payable | 47/48 | €44,282 | €32,426 | -€11,856 | -26.8% |
| Accrued charges and deferred income | 492/3 | - | €378 | +€378 | |
| Remuneration, social security and pensions | 62 | €143,062 | €139,364 | -€3,698 | -2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,342 | €11,180 | +€837 | +8.1% |
| Other operating charges | 640/8 | €1,410 | €1,231 | -€179 | -12.7% |
| Gross operating margin | 9900 | €173,223 | €185,079 | +€11,856 | +6.8% |
| Operating profit (loss) | 9901 | €18,409 | €33,305 | +€14,896 | +80.9% |
| Financial income | 75/76B | €15 | €0 | -€15 | -100.0% |
| Recurring financial income | 75 | €15 | €0 | -€15 | -100.0% |
| Financial charges | 65/66B | €2,543 | €2,771 | +€228 | +9.0% |
| Recurring financial charges | 65 | €2,543 | €2,771 | +€228 | +9.0% |
| Profit (loss) for the period before taxes | 9903 | €15,881 | €30,534 | +€14,653 | +92.3% |
| Profit (loss) for the period | 9904 | €15,881 | €30,534 | +€14,653 | +92.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,881 | €30,534 | +€14,653 | +92.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.