VANHALST: 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.
VANHALST
Largest movements
- Cash +€12,429
up €12,429 (+34.5%), from €36,038 to €48,467
mainly Other debts (+€30,891) and Net result for the year (+€11,931)
- Receivables within one year +€1,294
up €1,294 (+162%), from €801 to €2,095
of which Other amounts receivable: +€1,041
- Other debts +€30,891
up €30,891 (+2,208%), from €1,399 to €32,290
- Reserves -€25,741
down €25,741 (-100%), from €25,741 to €0
of which Distributable reserves: -€19,755
- Tax, wage and social debts +€8,647
up €8,647 (+13,507%), from €64 to €8,711
- Gross operating margin -€4,787
down €4,787 (-18.1%), from €26,515 to €21,727
- Depreciation -€934
down €934 (-100%), from €934 to €0
- Taxes -€849
down €849 (-12.0%), from €7,064 to €6,215
- Financial charges +€502
up €502 (+1,265%), from €40 to €542
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 | €67,825 | €81,565 | +€13,740 | +20.3% |
| Fixed assets | 21/28 | €30,987 | €30,987 | = | 0.0% |
| Tangible fixed assets | 22/27 | €30,987 | €30,987 | = | 0.0% |
| Land and buildings | 22 | €17,972 | €17,972 | = | 0.0% |
| Other tangible fixed assets | 26 | €13,014 | €13,014 | = | 0.0% |
| Current assets | 29/58 | €36,839 | €50,578 | +€13,740 | +37.3% |
| Amounts receivable within one year | 40/41 | €801 | €2,095 | +€1,294 | +162% |
| Trade receivables | 40 | €14 | €267 | +€253 | +1,835% |
| Other amounts receivable | 41 | €787 | €1,829 | +€1,041 | +132% |
| Cash at bank and in hand | 54/58 | €36,038 | €48,467 | +€12,429 | +34.5% |
| Deferred charges and accrued income | 490/1 | - | €16 | +€16 | |
| Total equity and liabilities | 10/49 | €67,825 | €81,565 | +€13,740 | +20.3% |
| Equity | 10/15 | €50,741 | €25,000 | -€25,741 | -50.7% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €25,741 | €0 | -€25,741 | -100% |
| Tax-exempt reserves | 132 | €5,986 | €0 | -€5,986 | -100% |
| Distributable reserves | 133 | €19,755 | €0 | -€19,755 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €11,225 | €11,225 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €11,225 | €11,225 | = | 0.0% |
| Major repairs and maintenance | 162 | €11,225 | €11,225 | = | 0.0% |
| Amounts payable | 17/49 | €5,859 | €45,340 | +€39,481 | +674% |
| Amounts payable within one year | 42/48 | €3,343 | €42,744 | +€39,401 | +1,179% |
| Trade debts | 44 | €1,880 | €1,743 | -€137 | -7.3% |
| Suppliers | 440/4 | €1,880 | €1,743 | -€137 | -7.3% |
| Taxes, remuneration and social security | 45 | €64 | €8,711 | +€8,647 | +13,507% |
| Taxes | 450/3 | €64 | €8,711 | +€8,647 | +13,507% |
| Other amounts payable | 47/48 | €1,399 | €32,290 | +€30,891 | +2,208% |
| Accrued charges and deferred income | 492/3 | €2,516 | €2,596 | +€79 | +3.2% |
| Non-recurring operating income | 76A | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €934 | €0 | -€934 | -100% |
| Other operating charges | 640/8 | €2,869 | €3,038 | +€169 | +5.9% |
| Gross operating margin | 9900 | €26,515 | €21,727 | -€4,787 | -18.1% |
| Operating profit (loss) | 9901 | €22,711 | €18,689 | -€4,022 | -17.7% |
| Financial charges | 65/66B | €40 | €542 | +€502 | +1,265% |
| Recurring financial charges | 65 | €40 | €542 | +€502 | +1,265% |
| Profit (loss) for the period before taxes | 9903 | €22,672 | €18,147 | -€4,525 | -20.0% |
| Income taxes | 67/77 | €7,064 | €6,215 | -€849 | -12.0% |
| Profit (loss) for the period | 9904 | €15,608 | €11,931 | -€3,676 | -23.6% |
| Transfer from tax-exempt reserves | 789 | - | €5,986 | +€5,986 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,608 | €17,917 | +€2,310 | +14.8% |
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 13 October 2026 via checked.be.