VANHASTE: 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.
VANHASTE
Largest movements
- Cash -€160,181
down €160,181 (-45.1%), from €355,519 to €195,338
mainly Contributions, distributions and other (-€216,511) and Investment in fixed assets (net) (-€69,830)
- Current investments +€49,022
up €49,022 (+10.0%), from €489,283 to €538,305
- Tangible fixed assets +€33,885
up €33,885 (+31.4%), from €108,034 to €141,919
of which Furniture and vehicles: +€41,539
- Other debts -€46,393
down €46,393 (-95.0%), from €48,817 to €2,424
- Trade debts -€41,302
down €41,302 (-35.2%), from €117,250 to €75,948
- Reserves +€41,042
up €41,042 (+2.9%), from €1.4m to €1.4m
- Tax, wage and social debts -€27,561
down €27,561 (-35.5%), from €77,528 to €49,967
of which Taxes: -€23,524
- Gross operating margin -€69,933
down €69,933 (-7.6%), from €914,510 to €844,577
- Staff costs -€36,628
down €36,628 (-7.5%), from €486,507 to €449,879
- Taxes -€10,628
down €10,628 (-8.5%), from €125,551 to €114,923
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.
Cash bridge derived
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 | €1,659,972 | €1,585,708 | -€74,264 | -4.5% |
| Fixed assets | 21/28 | €108,034 | €141,919 | +€33,885 | +31.4% |
| Tangible fixed assets | 22/27 | €108,034 | €141,919 | +€33,885 | +31.4% |
| Land and buildings | 22 | €42,163 | €32,851 | -€9,312 | -22.1% |
| Plant, machinery and equipment | 23 | - | €1,658 | +€1,658 | |
| Furniture and vehicles | 24 | €65,871 | €107,410 | +€41,539 | +63.1% |
| Current assets | 29/58 | €1,551,938 | €1,443,789 | -€108,149 | -7.0% |
| Stocks and contracts in progress | 3 | €67,784 | €77,457 | +€9,673 | +14.3% |
| Stocks | 30/36 | €67,784 | €77,457 | +€9,673 | +14.3% |
| Amounts receivable within one year | 40/41 | €632,860 | €625,886 | -€6,974 | -1.1% |
| Trade receivables | 40 | €579,704 | €528,234 | -€51,470 | -8.9% |
| Other amounts receivable | 41 | €53,156 | €97,652 | +€44,496 | +83.7% |
| Current investments | 50/53 | €489,283 | €538,305 | +€49,022 | +10.0% |
| Cash at bank and in hand | 54/58 | €355,519 | €195,338 | -€160,181 | -45.1% |
| Deferred charges and accrued income | 490/1 | €6,492 | €6,803 | +€311 | +4.8% |
| Total equity and liabilities | 10/49 | €1,659,972 | €1,585,708 | -€74,264 | -4.5% |
| Equity | 10/15 | €1,413,327 | €1,454,369 | +€41,042 | +2.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,394,727 | €1,435,769 | +€41,042 | +2.9% |
| Distributable reserves | 133 | €1,394,727 | €1,435,769 | +€41,042 | +2.9% |
| Amounts payable | 17/49 | €246,645 | €131,339 | -€115,306 | -46.7% |
| Amounts payable within one year | 42/48 | €243,595 | €128,339 | -€115,256 | -47.3% |
| Trade debts | 44 | €117,250 | €75,948 | -€41,302 | -35.2% |
| Suppliers | 440/4 | €117,250 | €75,948 | -€41,302 | -35.2% |
| Taxes, remuneration and social security | 45 | €77,528 | €49,967 | -€27,561 | -35.5% |
| Taxes | 450/3 | €56,133 | €32,609 | -€23,524 | -41.9% |
| Remuneration and social security | 454/9 | €21,395 | €17,358 | -€4,037 | -18.9% |
| Other amounts payable | 47/48 | €48,817 | €2,424 | -€46,393 | -95.0% |
| Accrued charges and deferred income | 492/3 | €3,050 | €3,000 | -€50 | -1.6% |
| Remuneration, social security and pensions | 62 | €486,507 | €449,879 | -€36,628 | -7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,015 | €35,945 | +€6,930 | +23.9% |
| Gross operating margin | 9900 | €914,510 | €844,577 | -€69,933 | -7.6% |
| Operating profit (loss) | 9901 | €398,988 | €358,753 | -€40,235 | -10.1% |
| Financial income | 75/76B | €11,235 | €14,521 | +€3,286 | +29.2% |
| Recurring financial income | 75 | €11,235 | €14,521 | +€3,286 | +29.2% |
| Financial charges | 65/66B | €3,435 | €798 | -€2,637 | -76.8% |
| Recurring financial charges | 65 | €3,435 | €798 | -€2,637 | -76.8% |
| Profit (loss) for the period before taxes | 9903 | €406,788 | €372,476 | -€34,312 | -8.4% |
| Income taxes | 67/77 | €125,551 | €114,923 | -€10,628 | -8.5% |
| Profit (loss) for the period | 9904 | €281,237 | €257,553 | -€23,684 | -8.4% |
| Profit (loss) for the period to be appropriated | 9905 | €281,237 | €257,553 | -€23,684 | -8.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.