VANHEEDE PROPRETE: 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.
VANHEEDE PROPRETE
Largest movements
- Receivables within one year +€475,975
up €475,975 (+20.6%), from €2.3m to €2.8m
- Tangible fixed assets +€112,204
up €112,204 (+20.5%), from €546,701 to €658,905
of which Furniture and vehicles: +€209,994
- Cash -€79,924
down €79,924 (-25.0%), from €320,273 to €240,349
mainly Net result for the year (-€1.1m) and Trade debts (-€598,709)
- Stocks and contracts -€53,818
down €53,818 (-56.6%), from €95,019 to €41,201
- Debts after one year +€2.1m
up €2.1m (+66.1%), from €3.1m to €5.2m
of which Other amounts payable: +€2.1m
- Profit (loss) carried forward -€1.1m
down €1.1m (-33.9%), from -€3.1m to -€4.2m
- Trade debts -€598,709
down €598,709 (-34.8%), from €1.7m to €1.1m
- Tax, wage and social debts +€163,245
up €163,245 (+28.4%), from €574,368 to €737,613
of which Remuneration and social security: +€154,347
- Current portion of long-term debt -€144,681
down €144,681 (-65.0%), from €222,656 to €77,975
- Staff costs +€2.5m
up €2.5m (+91.7%), from €2.7m to €5.2m
- Gross operating margin +€1.9m
up €1.9m (+72.6%), from €2.7m to €4.6m
- Depreciation -€163,236
down €163,236 (-42.7%), from €382,733 to €219,497
- Financial charges +€52,886
up €52,886 (+51.2%), from €103,383 to €156,270
- Other operating charges +€52,008
up €52,008 (+87.2%), from €59,635 to €111,643
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 | €3,277,942 | €3,731,570 | +€453,628 | +13.8% |
| Fixed assets | 21/28 | €552,426 | €663,819 | +€111,394 | +20.2% |
| Tangible fixed assets | 22/27 | €546,701 | €658,905 | +€112,204 | +20.5% |
| Land and buildings | 22 | €928 | €560 | -€368 | -39.6% |
| Furniture and vehicles | 24 | €189,633 | €399,627 | +€209,994 | +110.7% |
| Leasing and similar rights | 25 | €356,140 | €258,718 | -€97,423 | -27.4% |
| Financial fixed assets | 28 | €5,725 | €4,915 | -€810 | -14.1% |
| Current assets | 29/58 | €2,725,517 | €3,067,751 | +€342,234 | +12.6% |
| Stocks and contracts in progress | 3 | €95,019 | €41,201 | -€53,818 | -56.6% |
| Stocks | 30/36 | €95,019 | €41,201 | -€53,818 | -56.6% |
| Amounts receivable within one year | 40/41 | €2,310,225 | €2,786,200 | +€475,975 | +20.6% |
| Trade receivables | 40 | €2,310,225 | €2,786,200 | +€475,975 | +20.6% |
| Cash at bank and in hand | 54/58 | €320,273 | €240,349 | -€79,924 | -25.0% |
| Total equity and liabilities | 10/49 | €3,277,942 | €3,731,570 | +€453,628 | +13.8% |
| Equity | 10/15 | -€2,783,393 | -€3,846,392 | -€1.1m | -38.2% |
| Contributions | 10/11 | €347,732 | €347,732 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,131,125 | -€4,194,124 | -€1.1m | -33.9% |
| Provisions and deferred taxes | 16 | €350,000 | €350,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €350,000 | €350,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €350,000 | €350,000 | = | 0.0% |
| Amounts payable | 17/49 | €5,711,336 | €7,227,962 | +€1.5m | +26.6% |
| Amounts payable after more than one year | 17 | €3,111,996 | €5,170,021 | +€2.1m | +66.1% |
| Financial debts | 170/4 | €283,525 | €205,550 | -€77,975 | -27.5% |
| Other amounts payable | 178/9 | €2,828,471 | €4,964,471 | +€2.1m | +75.5% |
| Amounts payable within one year | 42/48 | €2,519,861 | €1,939,717 | -€580,144 | -23.0% |
| Current portion of amounts payable after more than one year | 42 | €222,656 | €77,975 | -€144,681 | -65.0% |
| Trade debts | 44 | €1,722,837 | €1,124,129 | -€598,709 | -34.8% |
| Suppliers | 440/4 | €1,722,837 | €1,124,129 | -€598,709 | -34.8% |
| Taxes, remuneration and social security | 45 | €574,368 | €737,613 | +€163,245 | +28.4% |
| Taxes | 450/3 | €30,252 | €39,150 | +€8,898 | +29.4% |
| Remuneration and social security | 454/9 | €544,116 | €698,463 | +€154,347 | +28.4% |
| Accrued charges and deferred income | 492/3 | €79,479 | €118,224 | +€38,745 | +48.7% |
| Non-recurring operating income | 76A | - | €143,900 | +€143,900 | |
| Remuneration, social security and pensions | 62 | €2,707,363 | €5,190,589 | +€2.5m | +91.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €382,733 | €219,497 | -€163,236 | -42.7% |
| Other operating charges | 640/8 | €59,635 | €111,643 | +€52,008 | +87.2% |
| Gross operating margin | 9900 | €2,673,968 | €4,615,021 | +€1.9m | +72.6% |
| Operating profit (loss) | 9901 | -€475,762 | -€906,708 | -€430,946 | -90.6% |
| Financial income | 75/76B | €727 | €148 | -€578 | -79.6% |
| Recurring financial income | 75 | €727 | €148 | -€578 | -79.6% |
| Financial charges | 65/66B | €103,383 | €156,270 | +€52,886 | +51.2% |
| Recurring financial charges | 65 | €103,383 | €156,270 | +€52,886 | +51.2% |
| Profit (loss) for the period before taxes | 9903 | -€578,419 | -€1,062,830 | -€484,411 | -83.7% |
| Income taxes | 67/77 | €171 | €169 | -€2 | -1.0% |
| Profit (loss) for the period | 9904 | -€578,590 | -€1,062,999 | -€484,409 | -83.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€578,590 | -€1,062,999 | -€484,409 | -83.7% |
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.