VANHECKE BRAM: 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.
VANHECKE BRAM
Largest movements
- Receivables after one year -€180,000
down €180,000 (-100%), from €180,000 to €0
- Cash +€82,146
up €82,146 (+97.4%), from €84,358 to €166,504
mainly Net result for the year (+€194,035) and Receivables after one year (+€180,000)
- Receivables within one year +€34,313
new in 2025: €34,313
of which Other amounts receivable: +€18,595
- Reserves -€210,965
down €210,965 (-98.1%), from €215,157 to €4,192
- Other debts +€156,033
up €156,033 (+2,854%), from €5,467 to €161,500
- Tax, wage and social debts -€6,105
down €6,105 (-12.7%), from €47,980 to €41,875
- Gross operating margin +€90,711
up €90,711 (+54.8%), from €165,467 to €256,178
- Taxes +€20,688
up €20,688 (+52.6%), from €39,359 to €60,046
- Financial income -€5,807
down €5,807 (-86.8%), from €6,694 to €887
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 | €273,969 | €213,574 | -€60,395 | -22.0% |
| Fixed assets | 21/28 | €3,010 | €3,010 | = | 0.0% |
| Tangible fixed assets | 22/27 | €3,010 | €3,010 | = | 0.0% |
| Furniture and vehicles | 24 | €3,010 | €3,010 | = | 0.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €270,960 | €210,564 | -€60,395 | -22.3% |
| Amounts receivable after more than one year | 29 | €180,000 | €0 | -€180,000 | -100% |
| Other amounts receivable | 291 | €180,000 | €0 | -€180,000 | -100% |
| Amounts receivable within one year | 40/41 | - | €34,313 | +€34,313 | |
| Trade receivables | 40 | - | €15,718 | +€15,718 | |
| Other amounts receivable | 41 | - | €18,595 | +€18,595 | |
| Current investments | 50/53 | - | €2,500 | +€2,500 | |
| Cash at bank and in hand | 54/58 | €84,358 | €166,504 | +€82,146 | +97.4% |
| Deferred charges and accrued income | 490/1 | €6,602 | €7,248 | +€646 | +9.8% |
| Total equity and liabilities | 10/49 | €273,969 | €213,574 | -€60,395 | -22.0% |
| Equity | 10/15 | €220,157 | €9,192 | -€210,965 | -95.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €215,157 | €4,192 | -€210,965 | -98.1% |
| Distributable reserves | 133 | €215,157 | €4,192 | -€210,965 | -98.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €53,812 | €204,382 | +€150,570 | +280% |
| Amounts payable within one year | 42/48 | €53,812 | €204,382 | +€150,570 | +280% |
| Trade debts | 44 | €365 | €1,007 | +€642 | +176% |
| Suppliers | 440/4 | €365 | €1,007 | +€642 | +176% |
| Taxes, remuneration and social security | 45 | €47,980 | €41,875 | -€6,105 | -12.7% |
| Taxes | 450/3 | €47,980 | €41,875 | -€6,105 | -12.7% |
| Other amounts payable | 47/48 | €5,467 | €161,500 | +€156,033 | +2,854% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €658 | €334 | -€324 | -49.2% |
| Gross operating margin | 9900 | €165,467 | €256,178 | +€90,711 | +54.8% |
| Operating profit (loss) | 9901 | €164,809 | €255,844 | +€91,035 | +55.2% |
| Financial income | 75/76B | €6,694 | €887 | -€5,807 | -86.8% |
| Recurring financial income | 75 | €6,694 | €887 | -€5,807 | -86.8% |
| Financial charges | 65/66B | €2,234 | €2,650 | +€416 | +18.6% |
| Recurring financial charges | 65 | €2,234 | €2,650 | +€416 | +18.6% |
| Profit (loss) for the period before taxes | 9903 | €169,270 | €254,081 | +€84,811 | +50.1% |
| Income taxes | 67/77 | €39,359 | €60,046 | +€20,688 | +52.6% |
| Profit (loss) for the period | 9904 | €129,911 | €194,035 | +€64,124 | +49.4% |
| Profit (loss) for the period to be appropriated | 9905 | €129,911 | €194,035 | +€64,124 | +49.4% |
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 25 October 2026 via checked.be.