VANHERLE: 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.
VANHERLE
Largest movements
- Deferred charges and accrued income +€35,851
up €35,851 (+697.5%), from €5,140 to €40,991
- Tangible fixed assets -€25,344
down €25,344 (-48.8%), from €51,896 to €26,552
of which Furniture and vehicles: -€25,189
- Cash +€11,601
up €11,601 (+13.8%), from €84,313 to €95,914
mainly Net result for the year (+€35,184) and Depreciation (+€30,276)
- Intangible fixed assets -€10,782
down €10,782 (-76.8%), from €14,031 to €3,249
- Reserves +€5,504
up €5,504 (+3.7%), from €146,975 to €152,479
- Tax, wage and social debts +€3,354
up €3,354 (+36.7%), from €9,130 to €12,484
- Gross operating margin +€7,022
up €7,022 (+9.0%), from €78,393 to €85,415
- Taxes +€2,649
up €2,649 (+18.0%), from €14,749 to €17,398
- Depreciation -€2,124
down €2,124 (-6.6%), from €32,400 to €30,276
- Other operating charges +€949
up €949 (+61.3%), from €1,549 to €2,498
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 | €177,821 | €189,341 | +€11,520 | +6.5% |
| Fixed assets | 21/28 | €66,057 | €29,931 | -€36,126 | -54.7% |
| Intangible fixed assets | 21 | €14,031 | €3,249 | -€10,782 | -76.8% |
| Tangible fixed assets | 22/27 | €51,896 | €26,552 | -€25,344 | -48.8% |
| Land and buildings | 22 | €7,608 | €8,351 | +€743 | +9.8% |
| Plant, machinery and equipment | 23 | €5,745 | €4,847 | -€898 | -15.6% |
| Furniture and vehicles | 24 | €38,543 | €13,354 | -€25,189 | -65.4% |
| Financial fixed assets | 28 | €130 | €130 | = | 0.0% |
| Current assets | 29/58 | €111,764 | €159,410 | +€47,646 | +42.6% |
| Amounts receivable within one year | 40/41 | €22,311 | €22,505 | +€194 | +0.9% |
| Trade receivables | 40 | €22,311 | €22,505 | +€194 | +0.9% |
| Cash at bank and in hand | 54/58 | €84,313 | €95,914 | +€11,601 | +13.8% |
| Deferred charges and accrued income | 490/1 | €5,140 | €40,991 | +€35,851 | +697.5% |
| Total equity and liabilities | 10/49 | €177,821 | €189,341 | +€11,520 | +6.5% |
| Equity | 10/15 | €165,575 | €171,079 | +€5,504 | +3.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €146,975 | €152,479 | +€5,504 | +3.7% |
| Distributable reserves | 133 | €146,975 | €152,479 | +€5,504 | +3.7% |
| Amounts payable | 17/49 | €12,246 | €18,262 | +€6,016 | +49.1% |
| Amounts payable within one year | 42/48 | €12,246 | €18,262 | +€6,016 | +49.1% |
| Trade debts | 44 | €1,647 | €2,691 | +€1,044 | +63.4% |
| Suppliers | 440/4 | €1,647 | €2,691 | +€1,044 | +63.4% |
| Taxes, remuneration and social security | 45 | €9,130 | €12,484 | +€3,354 | +36.7% |
| Taxes | 450/3 | €9,130 | €12,484 | +€3,354 | +36.7% |
| Other amounts payable | 47/48 | €1,469 | €3,087 | +€1,618 | +110.1% |
| Non-recurring operating income | 76A | - | €13,671 | +€13,671 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,400 | €30,276 | -€2,124 | -6.6% |
| Other operating charges | 640/8 | €1,549 | €2,498 | +€949 | +61.3% |
| Gross operating margin | 9900 | €78,393 | €85,415 | +€7,022 | +9.0% |
| Operating profit (loss) | 9901 | €44,444 | €52,641 | +€8,197 | +18.4% |
| Financial income | 75/76B | €64 | €647 | +€583 | +910.9% |
| Recurring financial income | 75 | €64 | €647 | +€583 | +910.9% |
| Financial charges | 65/66B | €803 | €706 | -€97 | -12.1% |
| Recurring financial charges | 65 | €803 | €706 | -€97 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €43,705 | €52,582 | +€8,877 | +20.3% |
| Income taxes | 67/77 | €14,749 | €17,398 | +€2,649 | +18.0% |
| Profit (loss) for the period | 9904 | €28,956 | €35,184 | +€6,228 | +21.5% |
| Profit (loss) for the period to be appropriated | 9905 | €28,956 | €35,184 | +€6,228 | +21.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.