VANHAUWAERT CONSULTANCY: 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.
VANHAUWAERT CONSULTANCY
Largest movements
- Tangible fixed assets +€97,669
up €97,669 (+565%), from €17,277 to €114,946
of which Furniture and vehicles: +€99,925
- Cash -€67,139
down €67,139 (-83.7%), from €80,255 to €13,116
mainly Investment in fixed assets (net) (-€106,930) and Current investments (-€50,000)
- Current investments +€50,000
new in 2025: €50,000
- Receivables within one year -€7,872
down €7,872 (-1.6%), from €498,246 to €490,373
of which Trade receivables: -€16,898
- Reserves +€85,652
up €85,652 (+17.4%), from €492,379 to €578,031
of which Distributable reserves: +€85,652
- Tax, wage and social debts -€31,479
down €31,479 (-41.1%), from €76,607 to €45,128
of which Taxes: -€28,544
- Debts after one year +€17,815
new in 2025: €17,815
- Accrued charges and deferred income -€11,448
down €11,448 (-94.3%), from €12,136 to €688
- Current portion of long-term debt +€9,783
new in 2025: €9,783
- Gross operating margin +€9,486
up €9,486 (+4.2%), from €223,265 to €232,751
- Depreciation +€5,070
up €5,070 (+121%), from €4,190 to €9,260
- Staff costs +€3,207
up €3,207 (+3.5%), from €90,365 to €93,571
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 | €600,225 | €674,515 | +€74,290 | +12.4% |
| Fixed assets | 21/28 | €17,277 | €114,946 | +€97,669 | +565% |
| Tangible fixed assets | 22/27 | €17,277 | €114,946 | +€97,669 | +565% |
| Plant, machinery and equipment | 23 | €5,496 | €3,944 | -€1,552 | -28.2% |
| Furniture and vehicles | 24 | €8,651 | €108,576 | +€99,925 | +1,155% |
| Other tangible fixed assets | 26 | €3,129 | €2,426 | -€703 | -22.5% |
| Current assets | 29/58 | €582,948 | €559,569 | -€23,379 | -4.0% |
| Amounts receivable within one year | 40/41 | €498,246 | €490,373 | -€7,872 | -1.6% |
| Trade receivables | 40 | €64,295 | €47,397 | -€16,898 | -26.3% |
| Other amounts receivable | 41 | €433,951 | €442,976 | +€9,025 | +2.1% |
| Current investments | 50/53 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €80,255 | €13,116 | -€67,139 | -83.7% |
| Deferred charges and accrued income | 490/1 | €4,447 | €6,079 | +€1,632 | +36.7% |
| Total equity and liabilities | 10/49 | €600,225 | €674,515 | +€74,290 | +12.4% |
| Equity | 10/15 | €510,979 | €596,631 | +€85,652 | +16.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €492,379 | €578,031 | +€85,652 | +17.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €490,519 | €576,171 | +€85,652 | +17.5% |
| Amounts payable | 17/49 | €89,246 | €77,884 | -€11,362 | -12.7% |
| Amounts payable after more than one year | 17 | - | €17,815 | +€17,815 | |
| Financial debts | 170/4 | - | €17,815 | +€17,815 | |
| Amounts payable within one year | 42/48 | €77,109 | €59,381 | -€17,728 | -23.0% |
| Current portion of amounts payable after more than one year | 42 | - | €9,783 | +€9,783 | |
| Financial debts | 43 | €0 | €1,676 | +€1,676 | |
| Credit institutions | 430/8 | €0 | €1,676 | +€1,676 | |
| Trade debts | 44 | €502 | €2,794 | +€2,292 | +456% |
| Suppliers | 440/4 | €502 | €2,794 | +€2,292 | +456% |
| Taxes, remuneration and social security | 45 | €76,607 | €45,128 | -€31,479 | -41.1% |
| Taxes | 450/3 | €53,319 | €24,775 | -€28,544 | -53.5% |
| Remuneration and social security | 454/9 | €23,288 | €20,353 | -€2,935 | -12.6% |
| Accrued charges and deferred income | 492/3 | €12,136 | €688 | -€11,448 | -94.3% |
| Non-recurring operating income | 76A | €0 | €1,827 | +€1,827 | |
| Remuneration, social security and pensions | 62 | €90,365 | €93,571 | +€3,207 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,190 | €9,260 | +€5,070 | +121% |
| Other operating charges | 640/8 | €2,273 | €1,822 | -€451 | -19.8% |
| Non-recurring operating charges | 66A | €300 | €0 | -€300 | -100% |
| Gross operating margin | 9900 | €223,265 | €232,751 | +€9,486 | +4.2% |
| Operating profit (loss) | 9901 | €126,137 | €128,097 | +€1,960 | +1.6% |
| Financial income | 75/76B | €0 | €0 | +€0 | +30.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +30.0% |
| Financial charges | 65/66B | €4,032 | €4,016 | -€16 | -0.4% |
| Recurring financial charges | 65 | €4,032 | €4,016 | -€16 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | €122,106 | €124,082 | +€1,976 | +1.6% |
| Income taxes | 67/77 | €38,623 | €38,430 | -€193 | -0.5% |
| Profit (loss) for the period | 9904 | €83,483 | €85,652 | +€2,169 | +2.6% |
| Profit (loss) for the period to be appropriated | 9905 | €83,483 | €85,652 | +€2,169 | +2.6% |
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 23 October 2026 via checked.be.