VANHEES BOUWPROJECTEN: 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.
VANHEES BOUWPROJECTEN
Largest movements
- Stocks and contracts +€804,362
up €804,362 (+90.3%), from €890,888 to €1.7m
- Cash -€35,651
down €35,651 (-72.3%), from €49,332 to €13,681
mainly Stocks and contracts (-€804,362) and Smaller working-capital items (-€2,637)
- Other debts +€452,383
up €452,383 (+74.8%), from €604,580 to €1.1m
- Trade debts +€157,570
up €157,570 (+635%), from €24,799 to €182,369
- Tax, wage and social debts +€153,767
new in 2025: €153,767
- Gross operating margin +€27,055
up €27,055, from -€10,821 to €16,234
- Financial charges +€26,818
up €26,818 (+418%), from €6,415 to €33,233
- Financial income +€10,868
up €10,868 (+95.8%), from €11,350 to €22,218
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 | €1,002,541 | €1,769,124 | +€766,583 | +76.5% |
| Fixed assets | 21/28 | €261 | €250 | -€11 | -4.3% |
| Financial fixed assets | 28 | €261 | €250 | -€11 | -4.3% |
| Current assets | 29/58 | €1,002,280 | €1,768,874 | +€766,594 | +76.5% |
| Stocks and contracts in progress | 3 | €890,888 | €1,695,250 | +€804,362 | +90.3% |
| Stocks | 30/36 | €890,888 | €1,695,250 | +€804,362 | +90.3% |
| Amounts receivable within one year | 40/41 | €61,750 | €58,802 | -€2,948 | -4.8% |
| Trade receivables | 40 | €58,802 | €58,802 | = | 0.0% |
| Other amounts receivable | 41 | €2,948 | - | -€2,948 | |
| Cash at bank and in hand | 54/58 | €49,332 | €13,681 | -€35,651 | -72.3% |
| Deferred charges and accrued income | 490/1 | €310 | €1,141 | +€831 | +268% |
| Total equity and liabilities | 10/49 | €1,002,541 | €1,769,124 | +€766,583 | +76.5% |
| Equity | 10/15 | €371,357 | €376,026 | +€4,669 | +1.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €352,757 | €357,426 | +€4,669 | +1.3% |
| Distributable reserves | 133 | €352,757 | €357,426 | +€4,669 | +1.3% |
| Amounts payable | 17/49 | €631,185 | €1,393,099 | +€761,914 | +121% |
| Amounts payable within one year | 42/48 | €629,378 | €1,393,099 | +€763,720 | +121% |
| Trade debts | 44 | €24,799 | €182,369 | +€157,570 | +635% |
| Suppliers | 440/4 | €24,799 | €182,369 | +€157,570 | +635% |
| Taxes, remuneration and social security | 45 | - | €153,767 | +€153,767 | |
| Taxes | 450/3 | - | €153,767 | +€153,767 | |
| Other amounts payable | 47/48 | €604,580 | €1,056,963 | +€452,383 | +74.8% |
| Accrued charges and deferred income | 492/3 | €1,806 | - | -€1,806 | |
| Other operating charges | 640/8 | €534 | €549 | +€15 | +2.8% |
| Gross operating margin | 9900 | -€10,821 | €16,234 | +€27,055 | |
| Operating profit (loss) | 9901 | -€11,355 | €15,684 | +€27,040 | |
| Financial income | 75/76B | €11,350 | €22,218 | +€10,868 | +95.8% |
| Recurring financial income | 75 | €11,350 | €22,218 | +€10,868 | +95.8% |
| Financial charges | 65/66B | €6,415 | €33,233 | +€26,818 | +418% |
| Recurring financial charges | 65 | €6,415 | €33,233 | +€26,818 | +418% |
| Profit (loss) for the period before taxes | 9903 | -€6,421 | €4,669 | +€11,089 | |
| Profit (loss) for the period | 9904 | -€6,421 | €4,669 | +€11,089 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,421 | €4,669 | +€11,089 |
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 26 October 2026 via checked.be.