VANHANDSAEME & C°: what changed
What changed
VANHANDSAEME & C°
NACE 43.910, Bricklaying and masonry work
filed annual accounts (NBB)
Net result for the year
€22,878
2024 · €4,987+€17,890
Equity
€159,462
2024 · €136,585+€22,878
Cash
€81,205
2024 · €53,903+€27,302
Balance sheet total
€500,271
2024 · €493,440+€6,831
Largest movements
Assets
- Tangible fixed assets -€40,141
down €40,141 (-11.7%), from €344,159 to €304,017
of which Leasing and similar rights: -€20,263
- Cash +€27,302
up €27,302 (+50.6%), from €53,903 to €81,205
mainly Depreciation (+€109,143) and Net result for the year (+€22,878)
- Receivables within one year +€12,394
up €12,394 (+14.9%), from €83,225 to €95,619
of which Trade receivables: +€14,594
- Stocks and contracts +€5,631
up €5,631 (+67.4%), from €8,356 to €13,987
Equity and liabilities
- Trade debts -€23,502
down €23,502 (-39.2%), from €59,944 to €36,442
- Reserves +€22,878
up €22,878 (+50.2%), from €45,609 to €68,486
of which Distributable reserves: +€25,128
- Current portion of long-term debt +€6,300
up €6,300 (+16.7%), from €37,732 to €44,032
Income statement
- Depreciation +€41,715
up €41,715 (+61.9%), from €67,428 to €109,143
- Gross operating margin +€38,156
up €38,156 (+36.3%), from €105,160 to €143,315
- Write-downs -€18,365
down €18,365 (-100%), from €18,365 to €0
- Other operating charges -€5,609
down €5,609 (-51.7%), from €10,857 to €5,248
- Taxes +€1,789
up €1,789 (+247%), from €724 to €2,513
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€4,987
Gross operating margin
+€38,156
Depreciation
-€41,715
Write-downs
+€18,365
Other operating charges
+€5,609
Financial income
+€42
Financial charges
-€776
Taxes
-€1,789
Result 2025
€22,878
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€90,182
Investment
-€70,022
Financing
+€7,141
Cash 2024
€53,903
From operations (derived)
+€90,182
Net result for the year
+€22,878
Depreciation
+€109,143
Stocks and contracts
-€5,631
Receivables within one year
-€12,394
Deferred charges and accrued income
-€625
Provisions
-€750
Trade debts
-€23,502
Smaller working-capital items
+€9
Advances received
-€320
Other debts
+€1,375
Investment (derived)
-€70,022
Investment in fixed assets (net)
-€70,022
Financing
+€7,141
Debts after one year
+€841
Current portion of long-term debt
+€6,300
Cash 2025
€81,205
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €493,440 | €500,271 | +€6,831 | +1.4% |
| Fixed assets | 21/28 | €344,294 | €305,172 | -€39,121 | -11.4% |
| Tangible fixed assets | 22/27 | €344,159 | €304,017 | -€40,141 | -11.7% |
| Plant, machinery and equipment | 23 | €102,367 | €100,428 | -€1,939 | -1.9% |
| Furniture and vehicles | 24 | €61,770 | €44,955 | -€16,815 | -27.2% |
| Leasing and similar rights | 25 | €172,808 | €152,545 | -€20,263 | -11.7% |
| Other tangible fixed assets | 26 | €7,213 | €6,088 | -€1,125 | -15.6% |
| Financial fixed assets | 28 | €135 | €1,155 | +€1,020 | +756% |
| Current assets | 29/58 | €149,147 | €195,099 | +€45,952 | +30.8% |
| Stocks and contracts in progress | 3 | €8,356 | €13,987 | +€5,631 | +67.4% |
| Stocks | 30/36 | €8,356 | €13,987 | +€5,631 | +67.4% |
| Amounts receivable within one year | 40/41 | €83,225 | €95,619 | +€12,394 | +14.9% |
| Trade receivables | 40 | €66,405 | €80,999 | +€14,594 | +22.0% |
| Other amounts receivable | 41 | €16,820 | €14,620 | -€2,201 | -13.1% |
| Cash at bank and in hand | 54/58 | €53,903 | €81,205 | +€27,302 | +50.6% |
| Deferred charges and accrued income | 490/1 | €3,663 | €4,288 | +€625 | +17.1% |
| Total equity and liabilities | 10/49 | €493,440 | €500,271 | +€6,831 | +1.4% |
| Equity | 10/15 | €136,585 | €159,462 | +€22,878 | +16.7% |
| Contributions | 10/11 | €90,976 | €90,976 | = | 0.0% |
| Reserves | 13 | €45,609 | €68,486 | +€22,878 | +50.2% |
| Tax-exempt reserves | 132 | €4,475 | €2,225 | -€2,250 | -50.3% |
| Distributable reserves | 133 | €41,133 | €66,261 | +€25,128 | +61.1% |
| Provisions and deferred taxes | 16 | €1,492 | €742 | -€750 | -50.3% |
| Deferred taxes | 168 | €1,492 | €742 | -€750 | -50.3% |
| Amounts payable | 17/49 | €355,364 | €340,067 | -€15,297 | -4.3% |
| Amounts payable after more than one year | 17 | €121,422 | €122,263 | +€841 | +0.7% |
| Financial debts | 170/4 | €121,422 | €122,263 | +€841 | +0.7% |
| Amounts payable within one year | 42/48 | €233,942 | €217,754 | -€16,189 | -6.9% |
| Current portion of amounts payable after more than one year | 42 | €37,732 | €44,032 | +€6,300 | +16.7% |
| Trade debts | 44 | €59,944 | €36,442 | -€23,502 | -39.2% |
| Suppliers | 440/4 | €59,944 | €36,442 | -€23,502 | -39.2% |
| Advances received on contracts in progress | 46 | €320 | €0 | -€320 | -100% |
| Taxes, remuneration and social security | 45 | €3,493 | €3,452 | -€42 | -1.2% |
| Taxes | 450/3 | €933 | €3,452 | +€2,519 | +270% |
| Remuneration and social security | 454/9 | €2,560 | €0 | -€2,560 | -100% |
| Other amounts payable | 47/48 | €132,454 | €133,829 | +€1,375 | +1.0% |
| Accrued charges and deferred income | 492/3 | - | €50 | +€50 | |
| Non-recurring operating income | 76A | €2,135 | €0 | -€2,135 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,428 | €109,143 | +€41,715 | +61.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €18,365 | €0 | -€18,365 | -100% |
| Other operating charges | 640/8 | €10,857 | €5,248 | -€5,609 | -51.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €105,160 | €143,315 | +€38,156 | +36.3% |
| Operating profit (loss) | 9901 | €8,510 | €28,924 | +€20,414 | +240% |
| Financial income | 75/76B | €78 | €120 | +€42 | +53.1% |
| Recurring financial income | 75 | €78 | €120 | +€42 | +53.1% |
| Financial charges | 65/66B | €3,627 | €4,403 | +€776 | +21.4% |
| Recurring financial charges | 65 | €3,627 | €4,403 | +€776 | +21.4% |
| Profit (loss) for the period before taxes | 9903 | €4,961 | €24,640 | +€19,679 | +397% |
| Transfer from deferred taxes | 780 | €750 | €750 | = | 0.0% |
| Income taxes | 67/77 | €724 | €2,513 | +€1,789 | +247% |
| Profit (loss) for the period | 9904 | €4,987 | €22,878 | +€17,890 | +359% |
| Transfer from tax-exempt reserves | 789 | €2,250 | €2,250 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,237 | €25,128 | +€17,890 | +247% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.