VANHAMME GAETAN: 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.
VANHAMME GAETAN
Largest movements
- Cash -€4,580
down €4,580 (-19.0%), from €24,050 to €19,469
mainly Trade debts (-€7,031) and Current portion of long-term debt (-€4,124)
- Receivables within one year -€3,742
down €3,742 (-23.8%), from €15,734 to €11,993
of which Other amounts receivable: -€5,659
- Tangible fixed assets -€1,592
down €1,592 (-35.8%), from €4,449 to €2,858
of which Furniture and vehicles: -€1,308
- Trade debts -€7,031
down €7,031 (-74.4%), from €9,454 to €2,423
- Current portion of long-term debt -€4,124
down €4,124 (-66.1%), from €6,235 to €2,111
- Reserves +€2,632
up €2,632 (+20.7%), from €12,710 to €15,342
- Debts after one year -€2,111
no longer reported in 2025 (was €2,111)
- Tax, wage and social debts +€799
up €799 (+20.7%), from €3,851 to €4,650
- Gross operating margin -€6,622
down €6,622 (-36.9%), from €17,949 to €11,327
- Depreciation +€398
up €398 (+33.3%), from €1,194 to €1,592
- Financial charges -€355
down €355 (-18.2%), from €1,954 to €1,599
- Other operating charges -€298
down €298 (-25.4%), from €1,171 to €873
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 | €74,681 | €64,866 | -€9,815 | -13.1% |
| Fixed assets | 21/28 | €34,450 | €32,859 | -€1,592 | -4.6% |
| Intangible fixed assets | 21 | €1 | €1 | = | 0.0% |
| Tangible fixed assets | 22/27 | €4,449 | €2,858 | -€1,592 | -35.8% |
| Plant, machinery and equipment | 23 | €820 | €536 | -€283 | -34.6% |
| Furniture and vehicles | 24 | €3,630 | €2,321 | -€1,308 | -36.0% |
| Financial fixed assets | 28 | €30,000 | €30,000 | = | 0.0% |
| Current assets | 29/58 | €40,230 | €32,008 | -€8,223 | -20.4% |
| Amounts receivable within one year | 40/41 | €15,734 | €11,993 | -€3,742 | -23.8% |
| Trade receivables | 40 | €7,865 | €9,782 | +€1,917 | +24.4% |
| Other amounts receivable | 41 | €7,869 | €2,211 | -€5,659 | -71.9% |
| Cash at bank and in hand | 54/58 | €24,050 | €19,469 | -€4,580 | -19.0% |
| Deferred charges and accrued income | 490/1 | €446 | €545 | +€99 | +22.2% |
| Total equity and liabilities | 10/49 | €74,681 | €64,866 | -€9,815 | -13.1% |
| Equity | 10/15 | €53,030 | €55,662 | +€2,632 | +5.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €12,710 | €15,342 | +€2,632 | +20.7% |
| Distributable reserves | 133 | €12,710 | €15,342 | +€2,632 | +20.7% |
| Profit (loss) carried forward | 14 | €36,319 | €36,319 | = | 0.0% |
| Amounts payable | 17/49 | €21,651 | €9,204 | -€12,447 | -57.5% |
| Amounts payable after more than one year | 17 | €2,111 | - | -€2,111 | |
| Financial debts | 170/4 | €2,111 | - | -€2,111 | |
| Amounts payable within one year | 42/48 | €19,540 | €9,204 | -€10,336 | -52.9% |
| Current portion of amounts payable after more than one year | 42 | €6,235 | €2,111 | -€4,124 | -66.1% |
| Trade debts | 44 | €9,454 | €2,423 | -€7,031 | -74.4% |
| Suppliers | 440/4 | €9,454 | €2,423 | -€7,031 | -74.4% |
| Taxes, remuneration and social security | 45 | €3,851 | €4,650 | +€799 | +20.7% |
| Taxes | 450/3 | €3,851 | €4,650 | +€799 | +20.7% |
| Other amounts payable | 47/48 | - | €20 | +€20 | |
| Non-recurring operating income | 76A | €4,550 | - | -€4,550 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,194 | €1,592 | +€398 | +33.3% |
| Other operating charges | 640/8 | €1,171 | €873 | -€298 | -25.4% |
| Gross operating margin | 9900 | €17,949 | €11,327 | -€6,622 | -36.9% |
| Operating profit (loss) | 9901 | €15,584 | €8,863 | -€6,722 | -43.1% |
| Financial income | 75/76B | €43 | €71 | +€28 | +66.2% |
| Recurring financial income | 75 | €43 | €71 | +€28 | +66.2% |
| Financial charges | 65/66B | €1,954 | €1,599 | -€355 | -18.2% |
| Recurring financial charges | 65 | €1,954 | €1,599 | -€355 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | €13,673 | €7,334 | -€6,339 | -46.4% |
| Income taxes | 67/77 | €3,764 | €3,840 | +€76 | +2.0% |
| Profit (loss) for the period | 9904 | €9,909 | €3,495 | -€6,414 | -64.7% |
| Profit (loss) for the period to be appropriated | 9905 | €9,909 | €3,495 | -€6,414 | -64.7% |
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 25 October 2026 via checked.be.