VANHECKE Electricité: 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 Electricité
Largest movements
- Receivables within one year -€61,002
down €61,002 (-25.0%), from €243,924 to €182,922
of which Trade receivables: -€64,534
- Cash +€60,856
up €60,856 (+84.8%), from €71,770 to €132,626
mainly Receivables within one year (+€61,002) and Net result for the year (+€37,019)
- Tangible fixed assets -€16,209
down €16,209 (-5.0%), from €321,676 to €305,467
of which Land and buildings: -€10,657
- Other debts +€30,729
up €30,729 (+146.9%), from €20,925 to €51,654
- Debts after one year -€23,534
down €23,534 (-8.3%), from €283,430 to €259,897
- Reserves -€17,354
down €17,354 (-8.4%), from €207,619 to €190,265
of which Distributable reserves: -€17,354
- Trade debts -€9,245
down €9,245 (-49.7%), from €18,592 to €9,346
- Gross operating margin +€66,817
up €66,817 (+57.9%), from €115,456 to €182,273
- Taxes +€10,759
up €10,759 (+2238.2%), from €481 to €11,240
- Staff costs +€6,654
up €6,654 (+7.4%), from €90,046 to €96,700
- Depreciation -€6,021
down €6,021 (-16.8%), from €35,785 to €29,764
- Financial charges -€2,493
down €2,493 (-16.8%), from €14,845 to €12,352
of which Financial charges: -€1,422
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 | €638,132 | €621,064 | -€17,067 | -2.7% |
| Fixed assets | 21/28 | €321,966 | €305,517 | -€16,449 | -5.1% |
| Intangible fixed assets | 21 | €239 | - | -€239 | |
| Tangible fixed assets | 22/27 | €321,676 | €305,467 | -€16,209 | -5.0% |
| Land and buildings | 22 | €269,301 | €258,645 | -€10,657 | -4.0% |
| Plant, machinery and equipment | 23 | €1,286 | €6,670 | +€5,384 | +418.7% |
| Furniture and vehicles | 24 | €50,755 | €40,153 | -€10,602 | -20.9% |
| Leasing and similar rights | 25 | €334 | - | -€334 | |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €316,166 | €315,548 | -€619 | -0.2% |
| Amounts receivable within one year | 40/41 | €243,924 | €182,922 | -€61,002 | -25.0% |
| Trade receivables | 40 | €113,795 | €49,261 | -€64,534 | -56.7% |
| Other amounts receivable | 41 | €130,129 | €133,661 | +€3,532 | +2.7% |
| Cash at bank and in hand | 54/58 | €71,770 | €132,626 | +€60,856 | +84.8% |
| Deferred charges and accrued income | 490/1 | €472 | - | -€472 | |
| Total equity and liabilities | 10/49 | €638,132 | €621,064 | -€17,067 | -2.7% |
| Equity | 10/15 | €277,188 | €259,834 | -€17,354 | -6.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €207,619 | €190,265 | -€17,354 | -8.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,269 | €12,269 | = | 0.0% |
| Distributable reserves | 133 | €193,489 | €176,136 | -€17,354 | -9.0% |
| Profit (loss) carried forward | 14 | €50,969 | €50,969 | = | 0.0% |
| Amounts payable | 17/49 | €360,944 | €361,230 | +€286 | +0.1% |
| Amounts payable after more than one year | 17 | €283,430 | €259,897 | -€23,534 | -8.3% |
| Financial debts | 170/4 | €283,430 | €259,897 | -€23,534 | -8.3% |
| Amounts payable within one year | 42/48 | €77,514 | €101,333 | +€23,820 | +30.7% |
| Current portion of amounts payable after more than one year | 42 | €27,907 | €27,284 | -€623 | -2.2% |
| Trade debts | 44 | €18,592 | €9,346 | -€9,245 | -49.7% |
| Suppliers | 440/4 | €18,592 | €9,346 | -€9,245 | -49.7% |
| Taxes, remuneration and social security | 45 | €10,090 | €13,049 | +€2,960 | +29.3% |
| Taxes | 450/3 | €4,370 | €6,362 | +€1,992 | +45.6% |
| Remuneration and social security | 454/9 | €5,720 | €6,687 | +€968 | +16.9% |
| Other amounts payable | 47/48 | €20,925 | €51,654 | +€30,729 | +146.9% |
| Remuneration, social security and pensions | 62 | €90,046 | €96,700 | +€6,654 | +7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,785 | €29,764 | -€6,021 | -16.8% |
| Other operating charges | 640/8 | €3,235 | €1,464 | -€1,771 | -54.8% |
| Gross operating margin | 9900 | €115,456 | €182,273 | +€66,817 | +57.9% |
| Operating profit (loss) | 9901 | -€13,611 | €54,345 | +€67,955 | |
| Financial income | 75/76B | €7,321 | €6,267 | -€1,055 | -14.4% |
| Recurring financial income | 75 | €7,321 | €6,267 | -€1,055 | -14.4% |
| Financial charges | 65/66B | €14,845 | €12,352 | -€2,493 | -16.8% |
| Recurring financial charges | 65 | €13,724 | €12,302 | -€1,422 | -10.4% |
| Non-recurring financial charges | 66B | €1,121 | €50 | -€1,071 | -95.5% |
| Profit (loss) for the period before taxes | 9903 | -€21,135 | €48,259 | +€69,394 | |
| Income taxes | 67/77 | €481 | €11,240 | +€10,759 | +2238.2% |
| Profit (loss) for the period | 9904 | -€21,615 | €37,019 | +€58,635 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,615 | €37,019 | +€58,635 |
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 9 October 2026 via checked.be.