VANHAUWERE LUC: 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.
VANHAUWERE LUC
Largest movements
- Cash -€24,187
down €24,187 (-10.7%), from €225,202 to €201,015
mainly Net result for the year (-€15,363) and Other debts (-€4,563)
- Receivables within one year +€2,793
up €2,793 (+12.2%), from €22,898 to €25,692
- Profit (loss) carried forward -€15,363
down €15,363 (-85.5%), from -€17,978 to -€33,341
- Other debts -€4,563
down €4,563 (-8.5%), from €53,977 to €49,414
- Gross operating margin +€1,824
up €1,824 (+11.8%), from -€15,445 to -€13,621
- Financial charges -€515
down €515 (-72.3%), from €712 to €197
- Depreciation -€313
down €313 (-19.6%), from €1,595 to €1,283
- Financial income -€260
down €260 (-17.0%), from €1,531 to €1,271
- Other operating charges -€221
down €221 (-12.5%), from €1,764 to €1,543
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 | €251,440 | €230,055 | -€21,385 | -8.5% |
| Fixed assets | 21/28 | €2,360 | €1,077 | -€1,283 | -54.3% |
| Tangible fixed assets | 22/27 | €2,360 | €1,077 | -€1,283 | -54.3% |
| Plant, machinery and equipment | 23 | €2,262 | €1,077 | -€1,185 | -52.4% |
| Furniture and vehicles | 24 | €98 | - | -€98 | |
| Current assets | 29/58 | €249,080 | €228,977 | -€20,103 | -8.1% |
| Stocks and contracts in progress | 3 | - | €628 | +€628 | |
| Stocks | 30/36 | - | €628 | +€628 | |
| Amounts receivable within one year | 40/41 | €22,898 | €25,692 | +€2,793 | +12.2% |
| Other amounts receivable | 41 | €22,898 | €25,692 | +€2,793 | +12.2% |
| Cash at bank and in hand | 54/58 | €225,202 | €201,015 | -€24,187 | -10.7% |
| Deferred charges and accrued income | 490/1 | €980 | €1,642 | +€662 | +67.6% |
| Total equity and liabilities | 10/49 | €251,440 | €230,055 | -€21,385 | -8.5% |
| Equity | 10/15 | €191,835 | €176,472 | -€15,363 | -8.0% |
| Contributions | 10/11 | €5,408 | €5,408 | = | 0.0% |
| Reserves | 13 | €204,405 | €204,405 | = | 0.0% |
| Distributable reserves | 133 | €204,405 | €204,405 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,978 | -€33,341 | -€15,363 | -85.5% |
| Amounts payable | 17/49 | €59,605 | €53,582 | -€6,022 | -10.1% |
| Amounts payable within one year | 42/48 | €59,605 | €53,582 | -€6,022 | -10.1% |
| Trade debts | 44 | €5,628 | €4,168 | -€1,459 | -25.9% |
| Suppliers | 440/4 | €5,628 | €4,168 | -€1,459 | -25.9% |
| Other amounts payable | 47/48 | €53,977 | €49,414 | -€4,563 | -8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,595 | €1,283 | -€313 | -19.6% |
| Other operating charges | 640/8 | €1,764 | €1,543 | -€221 | -12.5% |
| Gross operating margin | 9900 | -€15,445 | -€13,621 | +€1,824 | +11.8% |
| Operating profit (loss) | 9901 | -€18,804 | -€16,447 | +€2,357 | +12.5% |
| Financial income | 75/76B | €1,531 | €1,271 | -€260 | -17.0% |
| Recurring financial income | 75 | €1,531 | €1,271 | -€260 | -17.0% |
| Financial charges | 65/66B | €712 | €197 | -€515 | -72.3% |
| Recurring financial charges | 65 | €712 | €197 | -€515 | -72.3% |
| Profit (loss) for the period before taxes | 9903 | -€17,985 | -€15,373 | +€2,611 | +14.5% |
| Income taxes | 67/77 | -€7 | -€10 | -€4 | -53.0% |
| Profit (loss) for the period | 9904 | -€17,978 | -€15,363 | +€2,615 | +14.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,978 | -€15,363 | +€2,615 | +14.5% |
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 30 October 2026 via checked.be.