VANHEMELRYCK: 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.
VANHEMELRYCK
Largest movements
- Cash +€26,339
up €26,339 (+201%), from €13,113 to €39,452
mainly Net result for the year (+€33,294) and Tax, wage and social debts (+€8,741)
- Tangible fixed assets -€5,541
down €5,541 (-9.0%), from €61,235 to €55,695
of which Plant, machinery and equipment: -€5,425
- Profit (loss) carried forward +€33,294
up €33,294 (+56.3%), from €59,145 to €92,439
- Debts after one year -€18,088
no longer reported in 2025 (was €18,088)
- Tax, wage and social debts +€8,741
up €8,741 (+265%), from €3,296 to €12,037
- Current portion of long-term debt -€2,717
down €2,717 (-13.1%), from €20,806 to €18,088
- Depreciation -€22,228
down €22,228 (-80.0%), from €27,768 to €5,541
- Gross operating margin +€22,020
up €22,020 (+70.1%), from €31,423 to €53,444
- Taxes +€8,764
up €8,764 (+6,238%), from €140 to €8,904
- Financial charges -€1,982
down €1,982 (-50.0%), from €3,967 to €1,985
- Financial income -€613
down €613 (-85.0%), from €722 to €109
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 | €127,403 | €148,938 | +€21,535 | +16.9% |
| Fixed assets | 21/28 | €61,235 | €55,695 | -€5,541 | -9.0% |
| Tangible fixed assets | 22/27 | €61,235 | €55,695 | -€5,541 | -9.0% |
| Plant, machinery and equipment | 23 | €52,521 | €47,096 | -€5,425 | -10.3% |
| Furniture and vehicles | 24 | €664 | €548 | -€116 | -17.4% |
| Leasing and similar rights | 25 | €8,050 | €8,050 | = | 0.0% |
| Current assets | 29/58 | €66,167 | €93,243 | +€27,076 | +40.9% |
| Amounts receivable within one year | 40/41 | €1,413 | €1,370 | -€43 | -3.0% |
| Trade receivables | 40 | €739 | - | -€739 | |
| Other amounts receivable | 41 | €673 | €1,370 | +€696 | +103% |
| Current investments | 50/53 | €49,250 | €49,250 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €13,113 | €39,452 | +€26,339 | +201% |
| Deferred charges and accrued income | 490/1 | €2,392 | €3,172 | +€780 | +32.6% |
| Total equity and liabilities | 10/49 | €127,403 | €148,938 | +€21,535 | +16.9% |
| Equity | 10/15 | €84,522 | €117,816 | +€33,294 | +39.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €5,902 | €5,902 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,042 | €4,042 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,145 | €92,439 | +€33,294 | +56.3% |
| Investment grants | 15 | €875 | €875 | = | 0.0% |
| Amounts payable | 17/49 | €42,881 | €31,122 | -€11,759 | -27.4% |
| Amounts payable after more than one year | 17 | €18,088 | - | -€18,088 | |
| Financial debts | 170/4 | €18,088 | - | -€18,088 | |
| Amounts payable within one year | 42/48 | €24,793 | €31,122 | +€6,330 | +25.5% |
| Current portion of amounts payable after more than one year | 42 | €20,806 | €18,088 | -€2,717 | -13.1% |
| Trade debts | 44 | €692 | €997 | +€306 | +44.2% |
| Suppliers | 440/4 | €692 | €997 | +€306 | +44.2% |
| Taxes, remuneration and social security | 45 | €3,296 | €12,037 | +€8,741 | +265% |
| Taxes | 450/3 | €3,296 | €12,037 | +€8,741 | +265% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,768 | €5,541 | -€22,228 | -80.0% |
| Other operating charges | 640/8 | €3,833 | €3,829 | -€4 | -0.1% |
| Gross operating margin | 9900 | €31,423 | €53,444 | +€22,020 | +70.1% |
| Operating profit (loss) | 9901 | -€178 | €44,074 | +€44,252 | |
| Financial income | 75/76B | €722 | €109 | -€613 | -85.0% |
| Recurring financial income | 75 | €722 | €109 | -€613 | -85.0% |
| Financial charges | 65/66B | €3,967 | €1,985 | -€1,982 | -50.0% |
| Recurring financial charges | 65 | €3,967 | €1,985 | -€1,982 | -50.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,423 | €42,198 | +€45,621 | |
| Income taxes | 67/77 | €140 | €8,904 | +€8,764 | +6,238% |
| Profit (loss) for the period | 9904 | -€3,563 | €33,294 | +€36,857 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,563 | €33,294 | +€36,857 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.