VANHERP: 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.
VANHERP
Largest movements
- Cash +€233,987
up €233,987 (+1,084%), from €21,587 to €255,573
mainly Net result for the year (+€209,602) and Tax, wage and social debts (+€17,500)
- Tangible fixed assets -€7,913
down €7,913 (-5.6%), from €140,092 to €132,179
of which Land and buildings: -€9,422
- Reserves +€209,602
up €209,602 (+146%), from €143,167 to €352,768
- Tax, wage and social debts +€17,500
up €17,500 (+573%), from €3,054 to €20,554
of which Taxes: +€17,500
- Gross operating margin +€273,168
up €273,168 (+542%), from €50,431 to €323,599
- Taxes +€88,771
up €88,771 (+850%), from €10,441 to €99,212
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 | €169,403 | €393,772 | +€224,369 | +132% |
| Fixed assets | 21/28 | €140,155 | €132,242 | -€7,913 | -5.6% |
| Tangible fixed assets | 22/27 | €140,092 | €132,179 | -€7,913 | -5.6% |
| Land and buildings | 22 | €138,607 | €129,185 | -€9,422 | -6.8% |
| Plant, machinery and equipment | 23 | €1,484 | €1,028 | -€456 | -30.8% |
| Furniture and vehicles | 24 | €0 | €1,966 | +€1,966 | |
| Financial fixed assets | 28 | €63 | €63 | = | 0.0% |
| Current assets | 29/58 | €29,249 | €261,530 | +€232,282 | +794% |
| Amounts receivable within one year | 40/41 | €6,470 | €5,166 | -€1,304 | -20.2% |
| Trade receivables | 40 | €4,210 | €5,166 | +€956 | +22.7% |
| Other amounts receivable | 41 | €2,261 | €0 | -€2,261 | -100% |
| Cash at bank and in hand | 54/58 | €21,587 | €255,573 | +€233,987 | +1,084% |
| Deferred charges and accrued income | 490/1 | €1,191 | €791 | -€401 | -33.6% |
| Total equity and liabilities | 10/49 | €169,403 | €393,772 | +€224,369 | +132% |
| Equity | 10/15 | €160,026 | €369,628 | +€209,602 | +131% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €143,167 | €352,768 | +€209,602 | +146% |
| Distributable reserves | 133 | €143,167 | €352,768 | +€209,602 | +146% |
| Profit (loss) carried forward | 14 | €4,459 | €4,459 | = | 0.0% |
| Amounts payable | 17/49 | €9,377 | €24,145 | +€14,767 | +157% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €9,114 | €24,145 | +€15,031 | +165% |
| Current portion of amounts payable after more than one year | 42 | €620 | €0 | -€620 | -100% |
| Trade debts | 44 | €3,471 | €2,322 | -€1,149 | -33.1% |
| Suppliers | 440/4 | €3,471 | €2,322 | -€1,149 | -33.1% |
| Taxes, remuneration and social security | 45 | €3,054 | €20,554 | +€17,500 | +573% |
| Taxes | 450/3 | €3,054 | €20,554 | +€17,500 | +573% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,970 | €1,269 | -€701 | -35.6% |
| Accrued charges and deferred income | 492/3 | €264 | €0 | -€264 | -100% |
| Non-recurring operating income | 76A | €0 | €289,014 | +€289,014 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,895 | €10,018 | +€123 | +1.2% |
| Other operating charges | 640/8 | €2,142 | €2,996 | +€854 | +39.9% |
| Gross operating margin | 9900 | €50,431 | €323,599 | +€273,168 | +542% |
| Operating profit (loss) | 9901 | €38,394 | €310,584 | +€272,190 | +709% |
| Financial income | 75/76B | €0 | €339 | +€339 | |
| Recurring financial income | 75 | €0 | €339 | +€339 | |
| Financial charges | 65/66B | €2,685 | €2,110 | -€575 | -21.4% |
| Recurring financial charges | 65 | €2,685 | €2,110 | -€575 | -21.4% |
| Profit (loss) for the period before taxes | 9903 | €35,709 | €308,813 | +€273,104 | +765% |
| Income taxes | 67/77 | €10,441 | €99,212 | +€88,771 | +850% |
| Profit (loss) for the period | 9904 | €25,268 | €209,602 | +€184,333 | +730% |
| Profit (loss) for the period to be appropriated | 9905 | €25,268 | €209,602 | +€184,333 | +730% |
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 17 October 2026 via checked.be.