VAN HYFTE: 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 HYFTE
Largest movements
- Cash -€116,680
down €116,680 (-57.1%), from €204,430 to €87,750
mainly Investment in fixed assets (net) (-€96,800) and Debts after one year (-€42,711)
- Stocks and contracts -€29,771
down €29,771 (-27.2%), from €109,604 to €79,833
of which Contracts in progress: -€32,398
- Debts after one year -€42,711
down €42,711 (-6.9%), from €622,046 to €579,335
- Trade debts -€38,990
down €38,990 (-33.0%), from €118,209 to €79,219
- Other debts -€33,551
down €33,551 (-80.0%), from €41,934 to €8,382
- Reserves -€24,179
down €24,179 (-4.2%), from €575,884 to €551,705
of which Tax-exempt reserves: -€15,898
- Taxes -€48,627
down €48,627 (-90.2%), from €53,925 to €5,298
- Depreciation +€48,599
up €48,599 (+112.5%), from €43,203 to €91,802
- Gross operating margin -€38,065
down €38,065 (-14.2%), from €268,198 to €230,133
- Staff costs +€7,983
up €7,983 (+6.3%), from €125,952 to €133,935
- Financial charges +€3,287
up €3,287 (+12.2%), from €26,919 to €30,206
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 | €1,680,486 | €1,528,798 | -€151,688 | -9.0% |
| Fixed assets | 21/28 | €1,177,589 | €1,182,586 | +€4,998 | +0.4% |
| Tangible fixed assets | 22/27 | €1,177,539 | €1,182,536 | +€4,998 | +0.4% |
| Land and buildings | 22 | €949,995 | €946,251 | -€3,744 | -0.4% |
| Plant, machinery and equipment | 23 | €13,895 | €8,109 | -€5,786 | -41.6% |
| Furniture and vehicles | 24 | €27,323 | €69,205 | +€41,882 | +153.3% |
| Leasing and similar rights | 25 | €186,326 | €158,972 | -€27,355 | -14.7% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €502,898 | €346,212 | -€156,686 | -31.2% |
| Stocks and contracts in progress | 3 | €109,604 | €79,833 | -€29,771 | -27.2% |
| Stocks | 30/36 | €53,104 | €55,731 | +€2,627 | +4.9% |
| Contracts in progress | 37 | €56,500 | €24,102 | -€32,398 | -57.3% |
| Amounts receivable within one year | 40/41 | €188,863 | €175,536 | -€13,328 | -7.1% |
| Trade receivables | 40 | €159,388 | €132,514 | -€26,874 | -16.9% |
| Other amounts receivable | 41 | €29,475 | €43,022 | +€13,547 | +46.0% |
| Cash at bank and in hand | 54/58 | €204,430 | €87,750 | -€116,680 | -57.1% |
| Deferred charges and accrued income | 490/1 | - | €3,093 | +€3,093 | |
| Total equity and liabilities | 10/49 | €1,680,486 | €1,528,798 | -€151,688 | -9.0% |
| Equity | 10/15 | €650,884 | €613,744 | -€37,141 | -5.7% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €575,884 | €551,705 | -€24,179 | -4.2% |
| Tax-exempt reserves | 132 | €302,341 | €286,444 | -€15,898 | -5.3% |
| Distributable reserves | 133 | €273,543 | €265,262 | -€8,281 | -3.0% |
| Profit (loss) carried forward | 14 | - | -€12,962 | -€12,962 | |
| Provisions and deferred taxes | 16 | €122,673 | €116,180 | -€6,493 | -5.3% |
| Deferred taxes | 168 | €122,673 | €116,180 | -€6,493 | -5.3% |
| Amounts payable | 17/49 | €906,929 | €798,875 | -€108,054 | -11.9% |
| Amounts payable after more than one year | 17 | €622,046 | €579,335 | -€42,711 | -6.9% |
| Financial debts | 170/4 | €622,046 | €579,335 | -€42,711 | -6.9% |
| Amounts payable within one year | 42/48 | €284,883 | €215,202 | -€69,681 | -24.5% |
| Current portion of amounts payable after more than one year | 42 | €40,980 | €42,711 | +€1,732 | +4.2% |
| Trade debts | 44 | €118,209 | €79,219 | -€38,990 | -33.0% |
| Suppliers | 440/4 | €118,209 | €79,219 | -€38,990 | -33.0% |
| Taxes, remuneration and social security | 45 | €83,761 | €84,889 | +€1,128 | +1.3% |
| Taxes | 450/3 | €59,994 | €62,136 | +€2,143 | +3.6% |
| Remuneration and social security | 454/9 | €23,767 | €22,753 | -€1,014 | -4.3% |
| Other amounts payable | 47/48 | €41,934 | €8,382 | -€33,551 | -80.0% |
| Accrued charges and deferred income | 492/3 | - | €4,338 | +€4,338 | |
| Non-recurring operating income | 76A | - | €100 | +€100 | |
| Remuneration, social security and pensions | 62 | €125,952 | €133,935 | +€7,983 | +6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,203 | €91,802 | +€48,599 | +112.5% |
| Other operating charges | 640/8 | €5,713 | €4,805 | -€908 | -15.9% |
| Gross operating margin | 9900 | €268,198 | €230,133 | -€38,065 | -14.2% |
| Operating profit (loss) | 9901 | €93,330 | -€410 | -€93,740 | |
| Financial income | 75/76B | €567 | €561 | -€5 | -0.9% |
| Recurring financial income | 75 | €567 | €561 | -€5 | -0.9% |
| Financial charges | 65/66B | €26,919 | €30,206 | +€3,287 | +12.2% |
| Recurring financial charges | 65 | €26,919 | €30,206 | +€3,287 | +12.2% |
| Profit (loss) for the period before taxes | 9903 | €66,978 | -€30,054 | -€97,032 | |
| Transfer from deferred taxes | 780 | €57,407 | €6,493 | -€50,914 | -88.7% |
| Income taxes | 67/77 | €53,925 | €5,298 | -€48,627 | -90.2% |
| Profit (loss) for the period | 9904 | €70,459 | -€28,859 | -€99,318 | |
| Transfer from tax-exempt reserves | 789 | €113,130 | €15,898 | -€97,233 | -85.9% |
| Profit (loss) for the period to be appropriated | 9905 | €183,589 | -€12,962 | -€196,551 |
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 3 October 2026 via checked.be.