Vanhee Painting: what changed
What changed
Vanhee Painting
NACE 43.310, Plastering work
filed annual accounts (NBB)
Net result for the year
€10,500
2024 · €12,693-€2,193
Equity
€88,599
2024 · €78,099+€10,500
Cash
€11,362
2024 · €13,976-€2,614
Balance sheet total
€377,669
2024 · €406,876-€29,206
Largest movements
Assets
- Tangible fixed assets -€23,828
down €23,828 (-6.3%), from €377,654 to €353,827
of which Other tangible fixed assets: -€21,627
Equity and liabilities
- Debts after one year -€29,167
down €29,167 (-11.4%), from €256,956 to €227,790
- Tax, wage and social debts -€11,040
down €11,040 (-45.7%), from €24,158 to €13,118
of which Taxes: -€9,490
- Reserves +€10,500
up €10,500 (+16.0%), from €65,699 to €76,199
of which Distributable reserves: +€10,500
Income statement
- Gross operating margin -€3,027
down €3,027 (-6.2%), from €49,114 to €46,087
- Taxes -€1,204
down €1,204 (-19.9%), from €6,051 to €4,847
- Financial charges +€610
up €610 (+16.5%), from €3,701 to €4,312
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€12,693
Gross operating margin
-€3,027
Depreciation
+€157
Other operating charges
-€17
Other operating items
+€36
Financial income
+€64
Financial charges
-€610
Taxes
+€1,204
Result 2025
€10,500
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€26,929
Investment
-€748
Financing
-€28,795
Cash 2024
€13,976
From operations (derived)
+€26,929
Net result for the year
+€10,500
Depreciation
+€24,575
Stocks and contracts
+€485
Receivables within one year
+€2,309
Deferred charges and accrued income
-€30
Trade debts
-€848
Tax, wage and social debts
-€11,040
Accrued charges and deferred income
+€977
Investment (derived)
-€748
Investment in fixed assets (net)
-€748
Financing
-€28,795
Debts after one year
-€29,167
Current portion of long-term debt
+€371
Cash 2025
€11,362
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €406,876 | €377,669 | -€29,206 | -7.2% |
| Fixed assets | 21/28 | €378,507 | €354,680 | -€23,828 | -6.3% |
| Tangible fixed assets | 22/27 | €377,654 | €353,827 | -€23,828 | -6.3% |
| Plant, machinery and equipment | 23 | €1,920 | €1,219 | -€701 | -36.5% |
| Furniture and vehicles | 24 | €2,721 | €1,221 | -€1,500 | -55.1% |
| Other tangible fixed assets | 26 | €373,014 | €351,387 | -€21,627 | -5.8% |
| Financial fixed assets | 28 | €853 | €853 | = | 0.0% |
| Current assets | 29/58 | €28,368 | €22,990 | -€5,378 | -19.0% |
| Stocks and contracts in progress | 3 | €952 | €467 | -€485 | -50.9% |
| Stocks | 30/36 | €952 | €467 | -€485 | -50.9% |
| Amounts receivable within one year | 40/41 | €12,871 | €10,562 | -€2,309 | -17.9% |
| Trade receivables | 40 | €12,303 | €10,562 | -€1,741 | -14.2% |
| Other amounts receivable | 41 | €569 | €0 | -€569 | -100% |
| Cash at bank and in hand | 54/58 | €13,976 | €11,362 | -€2,614 | -18.7% |
| Deferred charges and accrued income | 490/1 | €569 | €598 | +€30 | +5.2% |
| Total equity and liabilities | 10/49 | €406,876 | €377,669 | -€29,206 | -7.2% |
| Equity | 10/15 | €78,099 | €88,599 | +€10,500 | +13.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €65,699 | €76,199 | +€10,500 | +16.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €65,699 | €76,199 | +€10,500 | +16.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €328,777 | €289,071 | -€39,706 | -12.1% |
| Amounts payable after more than one year | 17 | €256,956 | €227,790 | -€29,167 | -11.4% |
| Financial debts | 170/4 | €256,956 | €227,790 | -€29,167 | -11.4% |
| Amounts payable within one year | 42/48 | €71,821 | €60,304 | -€11,517 | -16.0% |
| Current portion of amounts payable after more than one year | 42 | €28,795 | €29,167 | +€371 | +1.3% |
| Trade debts | 44 | €5,067 | €4,218 | -€848 | -16.7% |
| Suppliers | 440/4 | €5,067 | €4,218 | -€848 | -16.7% |
| Taxes, remuneration and social security | 45 | €24,158 | €13,118 | -€11,040 | -45.7% |
| Taxes | 450/3 | €21,058 | €11,568 | -€9,490 | -45.1% |
| Remuneration and social security | 454/9 | €3,100 | €1,550 | -€1,550 | -50.0% |
| Other amounts payable | 47/48 | €13,801 | €13,801 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €977 | +€977 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,733 | €24,575 | -€157 | -0.6% |
| Other operating charges | 640/8 | €1,649 | €1,666 | +€17 | +1.0% |
| Non-recurring operating charges | 66A | €288 | €252 | -€36 | -12.3% |
| Gross operating margin | 9900 | €49,114 | €46,087 | -€3,027 | -6.2% |
| Operating profit (loss) | 9901 | €22,444 | €19,594 | -€2,851 | -12.7% |
| Financial income | 75/76B | €1 | €65 | +€64 | +5,312% |
| Recurring financial income | 75 | €1 | €65 | +€64 | +5,312% |
| Financial charges | 65/66B | €3,701 | €4,312 | +€610 | +16.5% |
| Recurring financial charges | 65 | €3,701 | €4,312 | +€610 | +16.5% |
| Profit (loss) for the period before taxes | 9903 | €18,744 | €15,347 | -€3,397 | -18.1% |
| Income taxes | 67/77 | €6,051 | €4,847 | -€1,204 | -19.9% |
| Profit (loss) for the period | 9904 | €12,693 | €10,500 | -€2,193 | -17.3% |
| Profit (loss) for the period to be appropriated | 9905 | €12,693 | €10,500 | -€2,193 | -17.3% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.