VAN HUFFEL D/N: 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 HUFFEL D/N
Largest movements
- Receivables within one year +€45,129
up €45,129 (+368%), from €12,271 to €57,399
of which Trade receivables: +€50,234
- Cash -€29,652
down €29,652 (-39.1%), from €75,804 to €46,152
mainly Receivables within one year (-€45,129) and Investment in fixed assets (net) (-€25,279)
- Current investments +€25,000
up €25,000 (+33.3%), from €75,000 to €100,000
- Tangible fixed assets -€15,638
down €15,638 (-9.5%), from €164,721 to €149,084
of which Plant, machinery and equipment: -€17,397
- Deferred charges and accrued income +€4,346
up €4,346 (+135%), from €3,214 to €7,560
- Reserves +€26,470
up €26,470 (+8.7%), from €303,305 to €329,776
- Debts after one year -€15,738
down €15,738 (-78.7%), from €20,000 to €4,262
- Trade debts +€10,859
up €10,859 (+178%), from €6,085 to €16,944
- Tax, wage and social debts +€4,037
up €4,037 (+67.2%), from €6,009 to €10,046
of which Taxes: +€2,081
- Gross operating margin +€45,268
up €45,268 (+110%), from €41,247 to €86,515
- Depreciation +€9,871
up €9,871 (+31.8%), from €31,046 to €40,917
- Taxes +€2,622
up €2,622 (+25.5%), from €10,267 to €12,889
- Financial income -€1,539
down €1,539 (-67.2%), from €2,288 to €750
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 | €357,352 | €383,832 | +€26,480 | +7.4% |
| Fixed assets | 21/28 | €164,856 | €149,219 | -€15,638 | -9.5% |
| Tangible fixed assets | 22/27 | €164,721 | €149,084 | -€15,638 | -9.5% |
| Land and buildings | 22 | €57,843 | €59,777 | +€1,934 | +3.3% |
| Plant, machinery and equipment | 23 | €92,979 | €75,582 | -€17,397 | -18.7% |
| Furniture and vehicles | 24 | €13,899 | €13,724 | -€175 | -1.3% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €192,496 | €234,613 | +€42,117 | +21.9% |
| Stocks and contracts in progress | 3 | €26,207 | €23,502 | -€2,705 | -10.3% |
| Contracts in progress | 37 | €26,207 | €23,502 | -€2,705 | -10.3% |
| Amounts receivable within one year | 40/41 | €12,271 | €57,399 | +€45,129 | +368% |
| Trade receivables | 40 | €4,841 | €55,074 | +€50,234 | +1,038% |
| Other amounts receivable | 41 | €7,430 | €2,325 | -€5,105 | -68.7% |
| Current investments | 50/53 | €75,000 | €100,000 | +€25,000 | +33.3% |
| Cash at bank and in hand | 54/58 | €75,804 | €46,152 | -€29,652 | -39.1% |
| Deferred charges and accrued income | 490/1 | €3,214 | €7,560 | +€4,346 | +135% |
| Total equity and liabilities | 10/49 | €357,352 | €383,832 | +€26,480 | +7.4% |
| Equity | 10/15 | €323,305 | €349,776 | +€26,470 | +8.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €303,305 | €329,776 | +€26,470 | +8.7% |
| Distributable reserves | 133 | €303,305 | €329,776 | +€26,470 | +8.7% |
| Amounts payable | 17/49 | €34,047 | €34,056 | +€9 | 0.0% |
| Amounts payable after more than one year | 17 | €20,000 | €4,262 | -€15,738 | -78.7% |
| Financial debts | 170/4 | €20,000 | €4,262 | -€15,738 | -78.7% |
| Amounts payable within one year | 42/48 | €14,047 | €29,794 | +€15,747 | +112% |
| Trade debts | 44 | €6,085 | €16,944 | +€10,859 | +178% |
| Suppliers | 440/4 | €6,085 | €16,944 | +€10,859 | +178% |
| Taxes, remuneration and social security | 45 | €6,009 | €10,046 | +€4,037 | +67.2% |
| Taxes | 450/3 | €6,002 | €8,083 | +€2,081 | +34.7% |
| Remuneration and social security | 454/9 | €7 | €1,963 | +€1,957 | +28,152% |
| Other amounts payable | 47/48 | €1,952 | €2,803 | +€851 | +43.6% |
| Non-recurring operating income | 76A | €3,345 | €38,000 | +€34,655 | +1,036% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,046 | €40,917 | +€9,871 | +31.8% |
| Other operating charges | 640/8 | €3,433 | €4,100 | +€667 | +19.4% |
| Gross operating margin | 9900 | €41,247 | €86,515 | +€45,268 | +110% |
| Operating profit (loss) | 9901 | €6,768 | €41,497 | +€34,730 | +513% |
| Financial income | 75/76B | €2,288 | €750 | -€1,539 | -67.2% |
| Recurring financial income | 75 | €2,288 | €750 | -€1,539 | -67.2% |
| Financial charges | 65/66B | €1,615 | €995 | -€621 | -38.4% |
| Recurring financial charges | 65 | €1,615 | €995 | -€621 | -38.4% |
| Profit (loss) for the period before taxes | 9903 | €7,441 | €41,252 | +€33,811 | +454% |
| Income taxes | 67/77 | €10,267 | €12,889 | +€2,622 | +25.5% |
| Profit (loss) for the period | 9904 | -€2,826 | €28,363 | +€31,189 | |
| Transfer from tax-exempt reserves | 789 | €30,000 | - | -€30,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,174 | €28,363 | +€1,189 | +4.4% |
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 25 October 2026 via checked.be.