VAN HYFTE PROJECTS: 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 PROJECTS
Largest movements
- Stocks and contracts +€632,870
up €632,870 (+35.1%), from €1.8m to €2.4m
- Receivables within one year -€351,621
down €351,621 (-49.2%), from €714,282 to €362,660
of which Other amounts receivable: -€349,012
- Cash +€163,567
up €163,567 (+1968.2%), from €8,311 to €171,878
mainly Short-term financial debts (+€510,000) and Receivables within one year (+€351,621)
- Tangible fixed assets -€109,781
down €109,781 (-93.7%), from €117,220 to €7,439
of which Furniture and vehicles: -€108,655
- Short-term financial debts +€510,000
up €510,000 (+46.3%), from €1.1m to €1.6m
- Profit (loss) carried forward +€428,891
up €428,891, from -€428,312 to €579
- Debts after one year -€395,000
down €395,000 (-100.0%), from €395,000 to €0
- Reserves -€314,500
down €314,500 (-22.5%), from €1.4m to €1.1m
of which Distributable reserves: -€314,500
- Other debts +€101,373
up €101,373 (+197.1%), from €51,426 to €152,799
- Gross operating margin +€432,570
up €432,570, from -€237,818 to €194,752
- Depreciation -€53,117
down €53,117 (-85.6%), from €62,027 to €8,910
- Financial charges -€37,512
down €37,512 (-33.8%), from €110,891 to €73,379
- Other operating charges -€19,612
down €19,612 (-59.4%), from €33,022 to €13,410
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 | €2,718,961 | €3,026,690 | +€307,729 | +11.3% |
| Fixed assets | 21/28 | €117,220 | €7,439 | -€109,781 | -93.7% |
| Tangible fixed assets | 22/27 | €117,220 | €7,439 | -€109,781 | -93.7% |
| Plant, machinery and equipment | 23 | €1,166 | €40 | -€1,126 | -96.6% |
| Furniture and vehicles | 24 | €116,054 | €7,399 | -€108,655 | -93.6% |
| Current assets | 29/58 | €2,601,741 | €3,019,251 | +€417,510 | +16.0% |
| Stocks and contracts in progress | 3 | €1,800,517 | €2,433,387 | +€632,870 | +35.1% |
| Stocks | 30/36 | €1,800,517 | €2,433,387 | +€632,870 | +35.1% |
| Amounts receivable within one year | 40/41 | €714,282 | €362,660 | -€351,621 | -49.2% |
| Trade receivables | 40 | €38,267 | €35,658 | -€2,609 | -6.8% |
| Other amounts receivable | 41 | €676,014 | €327,002 | -€349,012 | -51.6% |
| Cash at bank and in hand | 54/58 | €8,311 | €171,878 | +€163,567 | +1968.2% |
| Deferred charges and accrued income | 490/1 | €78,631 | €51,325 | -€27,306 | -34.7% |
| Total equity and liabilities | 10/49 | €2,718,961 | €3,026,690 | +€307,729 | +11.3% |
| Equity | 10/15 | €997,845 | €1,112,236 | +€114,391 | +11.5% |
| Contributions | 10/11 | €31,200 | €31,200 | = | 0.0% |
| Reserves | 13 | €1,394,957 | €1,080,457 | -€314,500 | -22.5% |
| Tax-exempt reserves | 132 | €3,837 | €3,837 | = | 0.0% |
| Distributable reserves | 133 | €1,391,120 | €1,076,620 | -€314,500 | -22.6% |
| Profit (loss) carried forward | 14 | -€428,312 | €579 | +€428,891 | |
| Amounts payable | 17/49 | €1,721,116 | €1,914,453 | +€193,338 | +11.2% |
| Amounts payable after more than one year | 17 | €395,000 | €0 | -€395,000 | -100.0% |
| Financial debts | 170/4 | €395,000 | €0 | -€395,000 | -100.0% |
| Amounts payable within one year | 42/48 | €1,326,116 | €1,908,935 | +€582,820 | +43.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €1,102,000 | €1,612,000 | +€510,000 | +46.3% |
| Credit institutions | 430/8 | €1,102,000 | €1,612,000 | +€510,000 | +46.3% |
| Trade debts | 44 | €150,879 | €81,739 | -€69,140 | -45.8% |
| Suppliers | 440/4 | €150,879 | €81,739 | -€69,140 | -45.8% |
| Taxes, remuneration and social security | 45 | €21,810 | €62,397 | +€40,587 | +186.1% |
| Taxes | 450/3 | €21,810 | €62,397 | +€40,587 | +186.1% |
| Other amounts payable | 47/48 | €51,426 | €152,799 | +€101,373 | +197.1% |
| Accrued charges and deferred income | 492/3 | €0 | €5,518 | +€5,518 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,027 | €8,910 | -€53,117 | -85.6% |
| Other operating charges | 640/8 | €33,022 | €13,410 | -€19,612 | -59.4% |
| Gross operating margin | 9900 | -€237,818 | €194,752 | +€432,570 | |
| Operating profit (loss) | 9901 | -€332,867 | €172,432 | +€505,299 | |
| Financial income | 75/76B | €16,917 | €17,877 | +€959 | +5.7% |
| Recurring financial income | 75 | €16,917 | €17,877 | +€959 | +5.7% |
| Financial charges | 65/66B | €110,891 | €73,379 | -€37,512 | -33.8% |
| Recurring financial charges | 65 | €110,891 | €73,379 | -€37,512 | -33.8% |
| Profit (loss) for the period before taxes | 9903 | -€426,841 | €116,930 | +€543,771 | |
| Income taxes | 67/77 | €2,932 | €2,539 | -€393 | -13.4% |
| Profit (loss) for the period | 9904 | -€429,773 | €114,391 | +€544,164 | |
| Profit (loss) for the period to be appropriated | 9905 | -€429,773 | €114,391 | +€544,164 |
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 4 October 2026 via checked.be.