VANHEULE & Co: 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.
VANHEULE & Co
Largest movements
- Cash +€4,422
up €4,422 (+15.3%), from €28,987 to €33,409
mainly Net result for the year (+€3,428) and Trade debts (+€697)
- Tangible fixed assets -€527
no longer reported in 2025 (was €527)
- Profit (loss) carried forward +€3,428
up €3,428 (+13.6%), from -€25,276 to -€21,848
- Trade debts +€697
up €697 (+553.0%), from €126 to €822
- Gross operating margin -€1,191
down €1,191 (-22.0%), from €5,421 to €4,230
- Depreciation -€392
down €392 (-42.7%), from €918 to €527
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 | €31,643 | €35,829 | +€4,186 | +13.2% |
| Fixed assets | 21/28 | €527 | - | -€527 | |
| Tangible fixed assets | 22/27 | €527 | - | -€527 | |
| Furniture and vehicles | 24 | €527 | - | -€527 | |
| Current assets | 29/58 | €31,116 | €35,829 | +€4,712 | +15.1% |
| Amounts receivable within one year | 40/41 | €2,130 | €2,420 | +€290 | +13.6% |
| Trade receivables | 40 | €2,130 | €2,420 | +€290 | +13.6% |
| Cash at bank and in hand | 54/58 | €28,987 | €33,409 | +€4,422 | +15.3% |
| Total equity and liabilities | 10/49 | €31,643 | €35,829 | +€4,186 | +13.2% |
| Equity | 10/15 | €29,261 | €32,689 | +€3,428 | +11.7% |
| Contributions | 10/11 | €54,537 | €54,537 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,276 | -€21,848 | +€3,428 | +13.6% |
| Amounts payable | 17/49 | €2,382 | €3,140 | +€758 | +31.8% |
| Amounts payable within one year | 42/48 | €2,382 | €3,140 | +€758 | +31.8% |
| Trade debts | 44 | €126 | €822 | +€697 | +553.0% |
| Suppliers | 440/4 | €126 | €822 | +€697 | +553.0% |
| Taxes, remuneration and social security | 45 | €2,107 | €1,948 | -€159 | -7.5% |
| Taxes | 450/3 | €2,107 | €1,948 | -€159 | -7.5% |
| Other amounts payable | 47/48 | €149 | €369 | +€220 | +147.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €918 | €527 | -€392 | -42.7% |
| Other operating charges | 640/8 | €218 | €232 | +€14 | +6.5% |
| Gross operating margin | 9900 | €5,421 | €4,230 | -€1,191 | -22.0% |
| Operating profit (loss) | 9901 | €4,285 | €3,472 | -€814 | -19.0% |
| Financial charges | 65/66B | €39 | €44 | +€5 | +11.5% |
| Recurring financial charges | 65 | €39 | €44 | +€5 | +11.5% |
| Profit (loss) for the period before taxes | 9903 | €4,246 | €3,428 | -€818 | -19.3% |
| Profit (loss) for the period | 9904 | €4,246 | €3,428 | -€818 | -19.3% |
| Profit (loss) for the period to be appropriated | 9905 | €4,246 | €3,428 | -€818 | -19.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.