VANHAESENDONCK: 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.
VANHAESENDONCK
Largest movements
- Cash +€16,406
up €16,406 (+44.2%), from €37,138 to €53,544
mainly Depreciation (+€10,070) and Tax, wage and social debts (+€3,127)
- Tangible fixed assets -€10,070
down €10,070 (-78.3%), from €12,862 to €2,792
- Tax, wage and social debts +€3,127
up €3,127 (+40.6%), from €7,693 to €10,821
- Reserves +€2,392
up €2,392 (+6.9%), from €34,834 to €37,226
of which Distributable reserves: +€2,392
- Other debts +€700
up €700 (+14.1%), from €4,972 to €5,672
- Gross operating margin +€1,175
up €1,175 (+9.3%), from €12,617 to €13,792
- Depreciation -€624
down €624 (-5.8%), from €10,694 to €10,070
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 | €53,907 | €59,928 | +€6,021 | +11.2% |
| Fixed assets | 21/28 | €12,862 | €2,792 | -€10,070 | -78.3% |
| Tangible fixed assets | 22/27 | €12,862 | €2,792 | -€10,070 | -78.3% |
| Plant, machinery and equipment | 23 | €12,862 | €2,792 | -€10,070 | -78.3% |
| Current assets | 29/58 | €41,045 | €57,136 | +€16,091 | +39.2% |
| Stocks and contracts in progress | 3 | €3,907 | €3,592 | -€315 | -8.1% |
| Stocks | 30/36 | €3,907 | €3,592 | -€315 | -8.1% |
| Cash at bank and in hand | 54/58 | €37,138 | €53,544 | +€16,406 | +44.2% |
| Total equity and liabilities | 10/49 | €53,907 | €59,928 | +€6,021 | +11.2% |
| Equity | 10/15 | €41,034 | €43,426 | +€2,392 | +5.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Share premium | 1100/10 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €34,834 | €37,226 | +€2,392 | +6.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €32,974 | €35,366 | +€2,392 | +7.3% |
| Amounts payable | 17/49 | €12,873 | €16,502 | +€3,629 | +28.2% |
| Amounts payable within one year | 42/48 | €12,873 | €16,502 | +€3,629 | +28.2% |
| Trade debts | 44 | €208 | €10 | -€198 | -95.3% |
| Suppliers | 440/4 | €208 | €10 | -€198 | -95.3% |
| Taxes, remuneration and social security | 45 | €7,693 | €10,821 | +€3,127 | +40.6% |
| Taxes | 450/3 | €7,693 | €10,821 | +€3,127 | +40.6% |
| Other amounts payable | 47/48 | €4,972 | €5,672 | +€700 | +14.1% |
| Remuneration, social security and pensions | 62 | €412 | €401 | -€10 | -2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,694 | €10,070 | -€624 | -5.8% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €12,617 | €13,792 | +€1,175 | +9.3% |
| Operating profit (loss) | 9901 | €1,124 | €2,921 | +€1,797 | +159.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €131 | €54 | -€77 | -58.8% |
| Recurring financial charges | 65 | €131 | €54 | -€77 | -58.8% |
| Profit (loss) for the period before taxes | 9903 | €993 | €2,867 | +€1,874 | +188.8% |
| Income taxes | 67/77 | €524 | €475 | -€49 | -9.4% |
| Profit (loss) for the period | 9904 | €468 | €2,392 | +€1,923 | +410.7% |
| Profit (loss) for the period to be appropriated | 9905 | €468 | €2,392 | +€1,923 | +410.7% |
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 29 September 2026 via checked.be.