VANHAEREN CONCEPTS: 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.
VANHAEREN CONCEPTS
Largest movements
- Receivables within one year +€50,643
up €50,643 (+208%), from €24,299 to €74,942
of which Trade receivables: +€26,238
- Stocks and contracts -€16,761
down €16,761 (-100%), from €16,761 to €0
- Tangible fixed assets -€12,975
down €12,975 (-25.4%), from €51,144 to €38,170
of which Furniture and vehicles: -€9,886
- Cash +€2,991
up €2,991 (+56,335%), from €5 to €2,997
mainly Net result for the year (+€30,639) and Trade debts (+€16,766)
- Reserves +€30,639
up €30,639 (+174%), from €17,596 to €48,236
- Debts after one year -€27,750
down €27,750 (-66.3%), from €41,850 to €14,100
- Trade debts +€16,766
up €16,766 (+109%), from €15,444 to €32,210
- Tax, wage and social debts +€9,269
up €9,269 (+139%), from €6,648 to €15,917
- Other debts -€7,671
down €7,671 (-100%), from €7,671 to €0
- Gross operating margin +€33,685
up €33,685 (+197%), from €17,137 to €50,822
- Taxes +€7,171
up €7,171 (+812%), from €883 to €8,055
- Financial income +€1,683
up €1,683, from €0 to €1,683
- Depreciation +€533
up €533 (+4.3%), from €12,442 to €12,975
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 | €92,209 | €116,124 | +€23,915 | +25.9% |
| Fixed assets | 21/28 | €51,144 | €38,170 | -€12,975 | -25.4% |
| Tangible fixed assets | 22/27 | €51,144 | €38,170 | -€12,975 | -25.4% |
| Plant, machinery and equipment | 23 | €9,005 | €5,916 | -€3,089 | -34.3% |
| Furniture and vehicles | 24 | €42,139 | €32,254 | -€9,886 | -23.5% |
| Current assets | 29/58 | €41,065 | €77,954 | +€36,890 | +89.8% |
| Stocks and contracts in progress | 3 | €16,761 | €0 | -€16,761 | -100% |
| Contracts in progress | 37 | €16,761 | €0 | -€16,761 | -100% |
| Amounts receivable within one year | 40/41 | €24,299 | €74,942 | +€50,643 | +208% |
| Trade receivables | 40 | €22,781 | €49,019 | +€26,238 | +115% |
| Other amounts receivable | 41 | €1,518 | €25,923 | +€24,405 | +1,608% |
| Cash at bank and in hand | 54/58 | €5 | €2,997 | +€2,991 | +56,335% |
| Deferred charges and accrued income | 490/1 | - | €16 | +€16 | |
| Total equity and liabilities | 10/49 | €92,209 | €116,124 | +€23,915 | +25.9% |
| Equity | 10/15 | €20,596 | €51,236 | +€30,639 | +149% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €17,596 | €48,236 | +€30,639 | +174% |
| Distributable reserves | 133 | €17,596 | €48,236 | +€30,639 | +174% |
| Amounts payable | 17/49 | €71,613 | €64,888 | -€6,724 | -9.4% |
| Amounts payable after more than one year | 17 | €41,850 | €14,100 | -€27,750 | -66.3% |
| Financial debts | 170/4 | €41,850 | €14,100 | -€27,750 | -66.3% |
| Amounts payable within one year | 42/48 | €29,763 | €50,788 | +€21,026 | +70.6% |
| Current portion of amounts payable after more than one year | 42 | - | €2,661 | +€2,661 | |
| Trade debts | 44 | €15,444 | €32,210 | +€16,766 | +109% |
| Suppliers | 440/4 | €15,444 | €32,210 | +€16,766 | +109% |
| Taxes, remuneration and social security | 45 | €6,648 | €15,917 | +€9,269 | +139% |
| Taxes | 450/3 | €6,648 | €15,917 | +€9,269 | +139% |
| Other amounts payable | 47/48 | €7,671 | €0 | -€7,671 | -100% |
| Non-recurring operating income | 76A | €9,750 | €0 | -€9,750 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,442 | €12,975 | +€533 | +4.3% |
| Other operating charges | 640/8 | €543 | €204 | -€339 | -62.4% |
| Gross operating margin | 9900 | €17,137 | €50,822 | +€33,685 | +197% |
| Operating profit (loss) | 9901 | €4,152 | €37,643 | +€33,491 | +807% |
| Financial income | 75/76B | €0 | €1,683 | +€1,683 | |
| Recurring financial income | 75 | €0 | €1,683 | +€1,683 | |
| Financial charges | 65/66B | €697 | €632 | -€65 | -9.3% |
| Recurring financial charges | 65 | €697 | €632 | -€65 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | €3,455 | €38,694 | +€35,239 | +1,020% |
| Income taxes | 67/77 | €883 | €8,055 | +€7,171 | +812% |
| Profit (loss) for the period | 9904 | €2,571 | €30,639 | +€28,068 | +1,092% |
| Profit (loss) for the period to be appropriated | 9905 | €2,571 | €30,639 | +€28,068 | +1,092% |
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 28 October 2026 via checked.be.