VanHecke@Work: 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@Work
Largest movements
- Tangible fixed assets +€39,392
up €39,392 (+33.0%), from €119,406 to €158,797
of which Furniture and vehicles: +€33,121
- Receivables within one year -€15,624
down €15,624 (-49.7%), from €31,406 to €15,782
of which Trade receivables: -€18,125
- Cash +€6,828
up €6,828 (+91.9%), from €7,428 to €14,256
mainly Depreciation (+€47,701) and Debts after one year (+€33,414)
- Debts after one year +€33,414
up €33,414 (+76.9%), from €43,435 to €76,849
- Trade debts -€25,560
down €25,560 (-66.9%), from €38,234 to €12,674
- Current portion of long-term debt +€13,905
up €13,905 (+57.2%), from €24,295 to €38,199
- Reserves +€7,672
up €7,672 (+14.6%), from €52,449 to €60,121
- Gross operating margin -€7,237
down €7,237 (-9.1%), from €79,307 to €72,071
- Taxes -€2,907
down €2,907 (-44.7%), from €6,507 to €3,600
- Depreciation +€2,454
up €2,454 (+5.4%), from €45,248 to €47,701
- Other operating charges +€1,052
up €1,052 (+13.4%), from €7,880 to €8,933
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 | €162,626 | €194,203 | +€31,578 | +19.4% |
| Fixed assets | 21/28 | €119,406 | €158,797 | +€39,392 | +33.0% |
| Tangible fixed assets | 22/27 | €119,406 | €158,797 | +€39,392 | +33.0% |
| Plant, machinery and equipment | 23 | €3,200 | €9,470 | +€6,271 | +196% |
| Furniture and vehicles | 24 | €116,206 | €149,327 | +€33,121 | +28.5% |
| Current assets | 29/58 | €43,220 | €35,406 | -€7,814 | -18.1% |
| Amounts receivable within one year | 40/41 | €31,406 | €15,782 | -€15,624 | -49.7% |
| Trade receivables | 40 | €26,498 | €8,373 | -€18,125 | -68.4% |
| Other amounts receivable | 41 | €4,909 | €7,409 | +€2,500 | +50.9% |
| Cash at bank and in hand | 54/58 | €7,428 | €14,256 | +€6,828 | +91.9% |
| Deferred charges and accrued income | 490/1 | €4,385 | €5,368 | +€983 | +22.4% |
| Total equity and liabilities | 10/49 | €162,626 | €194,203 | +€31,578 | +19.4% |
| Equity | 10/15 | €56,449 | €64,121 | +€7,672 | +13.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €52,449 | €60,121 | +€7,672 | +14.6% |
| Distributable reserves | 133 | €52,449 | €60,121 | +€7,672 | +14.6% |
| Amounts payable | 17/49 | €106,176 | €130,082 | +€23,906 | +22.5% |
| Amounts payable after more than one year | 17 | €43,435 | €76,849 | +€33,414 | +76.9% |
| Financial debts | 170/4 | €43,435 | €76,849 | +€33,414 | +76.9% |
| Amounts payable within one year | 42/48 | €62,741 | €53,234 | -€9,508 | -15.2% |
| Current portion of amounts payable after more than one year | 42 | €24,295 | €38,199 | +€13,905 | +57.2% |
| Trade debts | 44 | €38,234 | €12,674 | -€25,560 | -66.9% |
| Suppliers | 440/4 | €38,234 | €12,674 | -€25,560 | -66.9% |
| Taxes, remuneration and social security | 45 | - | €1,200 | +€1,200 | |
| Remuneration and social security | 454/9 | - | €1,200 | +€1,200 | |
| Other amounts payable | 47/48 | €213 | €1,161 | +€948 | +446% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,248 | €47,701 | +€2,454 | +5.4% |
| Other operating charges | 640/8 | €7,880 | €8,933 | +€1,052 | +13.4% |
| Gross operating margin | 9900 | €79,307 | €72,071 | -€7,237 | -9.1% |
| Operating profit (loss) | 9901 | €26,179 | €15,437 | -€10,742 | -41.0% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €3,869 | €4,166 | +€297 | +7.7% |
| Recurring financial charges | 65 | €3,869 | €4,166 | +€297 | +7.7% |
| Profit (loss) for the period before taxes | 9903 | €22,310 | €11,272 | -€11,038 | -49.5% |
| Income taxes | 67/77 | €6,507 | €3,600 | -€2,907 | -44.7% |
| Profit (loss) for the period | 9904 | €15,803 | €7,672 | -€8,131 | -51.5% |
| Profit (loss) for the period to be appropriated | 9905 | €15,803 | €7,672 | -€8,131 | -51.5% |
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 24 October 2026 via checked.be.