Vanhee Rik: what changed
Two fiscal 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.
Vanhee Rik
Largest movements
- Cash -€43,254
down €43,254 (-79.4%), from €54,506 to €11,252
mainly Debts after one year (-€74,708) and Investment in fixed assets (net) (-€28,715)
- Tangible fixed assets +€21,114
up €21,114 (+76.3%), from €27,687 to €48,801
of which Other tangible fixed assets: +€28,337
- Receivables within one year -€17,241
down €17,241 (-19.4%), from €88,675 to €71,434
of which Trade receivables: -€24,782
- Stocks and contracts +€5,000
up €5,000 (+33.3%), from €15,000 to €20,000
- Debts after one year -€74,708
down €74,708 (-89.6%), from €83,417 to €8,709
of which Other amounts payable: -€62,875
- Trade debts +€47,845
up €47,845 (+76.3%), from €62,732 to €110,577
- Current portion of long-term debt -€9,273
no longer reported in 2024 (was €9,273)
- Purchases and services +€71,379
up €71,379 (+16.3%), from €437,733 to €509,112
- Turnover +€60,929
up €60,929 (+13.2%), from €461,812 to €522,741
- Gross operating margin -€11,000
down €11,000 (-44.7%), from €24,629 to €13,629
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €187,370 | €153,002 | -€34,368 | -18.3% |
| Fixed assets | 21/28 | €27,687 | €48,801 | +€21,114 | +76.3% |
| Tangible fixed assets | 22/27 | €27,687 | €48,801 | +€21,114 | +76.3% |
| Furniture and vehicles | 24 | €27,687 | €20,464 | -€7,223 | -26.1% |
| Other tangible fixed assets | 26 | - | €28,337 | +€28,337 | |
| Current assets | 29/58 | €159,683 | €104,201 | -€55,482 | -34.7% |
| Amounts receivable after more than one year | 29 | €209 | €209 | = | 0.0% |
| Other amounts receivable | 291 | €209 | €209 | = | 0.0% |
| Stocks and contracts in progress | 3 | €15,000 | €20,000 | +€5,000 | +33.3% |
| Contracts in progress | 37 | €15,000 | €20,000 | +€5,000 | +33.3% |
| Amounts receivable within one year | 40/41 | €88,675 | €71,434 | -€17,241 | -19.4% |
| Trade receivables | 40 | €72,600 | €47,818 | -€24,782 | -34.1% |
| Other amounts receivable | 41 | €16,075 | €23,616 | +€7,541 | +46.9% |
| Cash at bank and in hand | 54/58 | €54,506 | €11,252 | -€43,254 | -79.4% |
| Deferred charges and accrued income | 490/1 | €1,293 | €1,306 | +€13 | +1.0% |
| Total equity and liabilities | 10/49 | €187,370 | €153,002 | -€34,368 | -18.3% |
| Equity | 10/15 | €20,954 | €22,564 | +€1,610 | +7.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €12,000 | €12,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,646 | -€8,036 | +€1,610 | +16.7% |
| Provisions and deferred taxes | 16 | €3,000 | €3,000 | = | 0.0% |
| Deferred taxes | 168 | €3,000 | €3,000 | = | 0.0% |
| Amounts payable | 17/49 | €163,416 | €127,438 | -€35,978 | -22.0% |
| Amounts payable after more than one year | 17 | €83,417 | €8,709 | -€74,708 | -89.6% |
| Financial debts | 170/4 | €11,833 | €0 | -€11,833 | -100.0% |
| Other amounts payable | 178/9 | €71,584 | €8,709 | -€62,875 | -87.8% |
| Amounts payable within one year | 42/48 | €79,999 | €118,729 | +€38,730 | +48.4% |
| Current portion of amounts payable after more than one year | 42 | €9,273 | - | -€9,273 | |
| Trade debts | 44 | €62,732 | €110,577 | +€47,845 | +76.3% |
| Suppliers | 440/4 | €62,732 | €110,577 | +€47,845 | +76.3% |
| Taxes, remuneration and social security | 45 | €7,994 | €8,152 | +€158 | +2.0% |
| Taxes | 450/3 | €7,994 | €5,152 | -€2,842 | -35.6% |
| Remuneration and social security | 454/9 | - | €3,000 | +€3,000 | |
| Turnover | 70 | €461,812 | €522,741 | +€60,929 | +13.2% |
| Non-recurring operating income | 76A | €550 | - | -€550 | |
| Goods, raw materials, services and sundry goods | 60/61 | €437,733 | €509,112 | +€71,379 | +16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,222 | €7,601 | +€379 | +5.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,865 | - | -€3,865 | |
| Other operating charges | 640/8 | €552 | €417 | -€135 | -24.5% |
| Gross operating margin | 9900 | €24,629 | €13,629 | -€11,000 | -44.7% |
| Operating profit (loss) | 9901 | €12,990 | €5,611 | -€7,379 | -56.8% |
| Financial charges | 65/66B | €1,096 | €69 | -€1,027 | -93.7% |
| Recurring financial charges | 65 | €1,096 | €69 | -€1,027 | -93.7% |
| Profit (loss) for the period before taxes | 9903 | €11,894 | €5,542 | -€6,352 | -53.4% |
| Income taxes | 67/77 | €3,556 | €3,932 | +€376 | +10.6% |
| Profit (loss) for the period | 9904 | €8,338 | €1,610 | -€6,728 | -80.7% |
| Profit (loss) for the period to be appropriated | 9905 | €8,338 | €1,610 | -€6,728 | -80.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.