VANHAMEL PETER: 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.
VANHAMEL PETER
Largest movements
- Cash -€63,060
down €63,060 (-82.1%), from €76,854 to €13,794
mainly Investment in fixed assets (net) (-€78,789) and Trade debts (-€30,983)
- Receivables within one year -€62,971
down €62,971 (-45.0%), from €139,786 to €76,815
of which Trade receivables: -€56,103
- Tangible fixed assets +€61,979
up €61,979 (+71.0%), from €87,322 to €149,302
of which Furniture and vehicles: +€70,867
- Trade debts -€30,983
down €30,983 (-83.6%), from €37,058 to €6,076
- Reserves -€17,278
down €17,278 (-8.6%), from €200,552 to €183,274
- Debts after one year -€13,958
down €13,958 (-27.0%), from €51,696 to €37,738
- Gross operating margin +€32,132
up €32,132, from -€15,267 to €16,864
- Taxes +€9,833
up €9,833 (+5878.0%), from €167 to €10,000
- Depreciation +€8,932
up €8,932 (+113.4%), from €7,877 to €16,809
- Staff costs +€632
no longer reported in 2024 (was -€632)
- Financial income -€205
down €205 (-95.3%), from €216 to €10
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €355,508 | €291,252 | -€64,256 | -18.1% |
| Fixed assets | 21/28 | €87,372 | €149,352 | +€61,979 | +70.9% |
| Tangible fixed assets | 22/27 | €87,322 | €149,302 | +€61,979 | +71.0% |
| Land and buildings | 22 | €85,767 | €77,215 | -€8,552 | -10.0% |
| Plant, machinery and equipment | 23 | €1,555 | €1,220 | -€335 | -21.5% |
| Furniture and vehicles | 24 | - | €70,867 | +€70,867 | |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €268,136 | €141,900 | -€126,236 | -47.1% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €139,786 | €76,815 | -€62,971 | -45.0% |
| Trade receivables | 40 | €122,414 | €66,311 | -€56,103 | -45.8% |
| Other amounts receivable | 41 | €17,372 | €10,505 | -€6,868 | -39.5% |
| Cash at bank and in hand | 54/58 | €76,854 | €13,794 | -€63,060 | -82.1% |
| Deferred charges and accrued income | 490/1 | €1,496 | €1,291 | -€205 | -13.7% |
| Total equity and liabilities | 10/49 | €355,508 | €291,252 | -€64,256 | -18.1% |
| Equity | 10/15 | €206,752 | €189,474 | -€17,278 | -8.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €200,552 | €183,274 | -€17,278 | -8.6% |
| Distributable reserves | 133 | €200,552 | €183,274 | -€17,278 | -8.6% |
| Amounts payable | 17/49 | €148,757 | €101,778 | -€46,978 | -31.6% |
| Amounts payable after more than one year | 17 | €51,696 | €37,738 | -€13,958 | -27.0% |
| Financial debts | 170/4 | €51,696 | €37,738 | -€13,958 | -27.0% |
| Amounts payable within one year | 42/48 | €96,460 | €64,040 | -€32,420 | -33.6% |
| Current portion of amounts payable after more than one year | 42 | €13,350 | €13,958 | +€608 | +4.6% |
| Financial debts | 43 | €3,433 | €3,434 | +€2 | 0.0% |
| Credit institutions | 430/8 | €3,433 | €3,434 | +€2 | 0.0% |
| Trade debts | 44 | €37,058 | €6,076 | -€30,983 | -83.6% |
| Suppliers | 440/4 | €37,058 | €6,076 | -€30,983 | -83.6% |
| Taxes, remuneration and social security | 45 | €6,889 | €4,842 | -€2,047 | -29.7% |
| Taxes | 450/3 | €4,656 | €4,842 | +€186 | +4.0% |
| Remuneration and social security | 454/9 | €2,233 | - | -€2,233 | |
| Other amounts payable | 47/48 | €35,730 | €35,730 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €600 | - | -€600 | |
| Remuneration, social security and pensions | 62 | -€632 | - | +€632 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,877 | €16,809 | +€8,932 | +113.4% |
| Other operating charges | 640/8 | €4,067 | €4,103 | +€37 | +0.9% |
| Gross operating margin | 9900 | -€15,267 | €16,864 | +€32,132 | |
| Operating profit (loss) | 9901 | -€26,579 | -€4,048 | +€22,530 | +84.8% |
| Financial income | 75/76B | €216 | €10 | -€205 | -95.3% |
| Recurring financial income | 75 | €216 | €10 | -€205 | -95.3% |
| Financial charges | 65/66B | €3,121 | €3,240 | +€118 | +3.8% |
| Recurring financial charges | 65 | €3,121 | €3,240 | +€118 | +3.8% |
| Profit (loss) for the period before taxes | 9903 | -€29,484 | -€7,278 | +€22,206 | +75.3% |
| Income taxes | 67/77 | €167 | €10,000 | +€9,833 | +5878.0% |
| Profit (loss) for the period | 9904 | -€29,652 | -€17,278 | +€12,374 | +41.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,652 | -€17,278 | +€12,374 | +41.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.