VANHASSEL BRIAN: 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.
VANHASSEL BRIAN
Largest movements
- Tangible fixed assets +€53,206
up €53,206 (+52.0%), from €102,355 to €155,561
of which Furniture and vehicles: +€66,525
- Cash -€14,215
down €14,215 (-53.0%), from €26,834 to €12,619
mainly Investment in fixed assets (net) (-€81,981) and Advances received (-€25,000)
- Receivables within one year +€11,161
up €11,161 (+14.7%), from €76,165 to €87,326
of which Other amounts receivable: +€9,523
- Debts after one year +€40,792
up €40,792 (+71.0%), from €57,491 to €98,283
- Reserves +€25,710
up €25,710 (+52.7%), from €48,808 to €74,518
- Advances received -€25,000
down €25,000 (-71.9%), from €34,753 to €9,753
- Tax, wage and social debts +€5,783
up €5,783 (+81.2%), from €7,122 to €12,905
- Depreciation -€18,081
down €18,081 (-38.6%), from €46,857 to €28,775
- Taxes +€5,472
up €5,472 (+58.5%), from €9,354 to €14,825
- Gross operating margin +€4,464
up €4,464 (+5.0%), from €89,148 to €93,611
- Financial charges +€1,145
up €1,145 (+24.3%), from €4,705 to €5,849
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 | €206,702 | €256,746 | +€50,044 | +24.2% |
| Fixed assets | 21/28 | €102,355 | €155,561 | +€53,206 | +52.0% |
| Tangible fixed assets | 22/27 | €102,355 | €155,561 | +€53,206 | +52.0% |
| Plant, machinery and equipment | 23 | €19,484 | €13,624 | -€5,860 | -30.1% |
| Furniture and vehicles | 24 | €37,156 | €103,681 | +€66,525 | +179% |
| Leasing and similar rights | 25 | €43,924 | €36,917 | -€7,007 | -16.0% |
| Other tangible fixed assets | 26 | €1,791 | €1,339 | -€452 | -25.2% |
| Current assets | 29/58 | €104,348 | €101,186 | -€3,162 | -3.0% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €76,165 | €87,326 | +€11,161 | +14.7% |
| Trade receivables | 40 | €29,185 | €30,823 | +€1,638 | +5.6% |
| Other amounts receivable | 41 | €46,980 | €56,503 | +€9,523 | +20.3% |
| Cash at bank and in hand | 54/58 | €26,834 | €12,619 | -€14,215 | -53.0% |
| Deferred charges and accrued income | 490/1 | €1,349 | €1,241 | -€108 | -8.0% |
| Total equity and liabilities | 10/49 | €206,702 | €256,746 | +€50,044 | +24.2% |
| Equity | 10/15 | €51,808 | €77,518 | +€25,710 | +49.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €48,808 | €74,518 | +€25,710 | +52.7% |
| Distributable reserves | 133 | €48,808 | €74,518 | +€25,710 | +52.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €154,895 | €179,229 | +€24,334 | +15.7% |
| Amounts payable after more than one year | 17 | €57,491 | €98,283 | +€40,792 | +71.0% |
| Financial debts | 170/4 | €57,491 | €98,283 | +€40,792 | +71.0% |
| Amounts payable within one year | 42/48 | €97,404 | €80,946 | -€16,458 | -16.9% |
| Current portion of amounts payable after more than one year | 42 | €38,570 | €39,648 | +€1,079 | +2.8% |
| Financial debts | 43 | €6,000 | €6,000 | = | 0.0% |
| Credit institutions | 430/8 | €6,000 | €6,000 | = | 0.0% |
| Trade debts | 44 | €10,959 | €12,640 | +€1,680 | +15.3% |
| Suppliers | 440/4 | €10,959 | €12,640 | +€1,680 | +15.3% |
| Advances received on contracts in progress | 46 | €34,753 | €9,753 | -€25,000 | -71.9% |
| Taxes, remuneration and social security | 45 | €7,122 | €12,905 | +€5,783 | +81.2% |
| Taxes | 450/3 | €7,122 | €12,905 | +€5,783 | +81.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €6,012 | €18,346 | +€12,334 | +205% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,857 | €28,775 | -€18,081 | -38.6% |
| Other operating charges | 640/8 | €3,029 | €3,535 | +€506 | +16.7% |
| Non-recurring operating charges | 66A | - | €15,010 | +€15,010 | |
| Gross operating margin | 9900 | €89,148 | €93,611 | +€4,464 | +5.0% |
| Operating profit (loss) | 9901 | €39,262 | €46,291 | +€7,029 | +17.9% |
| Financial income | 75/76B | €0 | €93 | +€93 | +186,660% |
| Recurring financial income | 75 | €0 | €93 | +€93 | +186,660% |
| Financial charges | 65/66B | €4,705 | €5,849 | +€1,145 | +24.3% |
| Recurring financial charges | 65 | €4,705 | €5,849 | +€1,145 | +24.3% |
| Profit (loss) for the period before taxes | 9903 | €34,558 | €40,535 | +€5,977 | +17.3% |
| Income taxes | 67/77 | €9,354 | €14,825 | +€5,472 | +58.5% |
| Profit (loss) for the period | 9904 | €25,204 | €25,710 | +€506 | +2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €25,204 | €25,710 | +€506 | +2.0% |
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 16 October 2026 via checked.be.