Vanheule en Partners: what changed
Vanheule en Partners
Largest movements
- Tangible fixed assets -€15,408
down €15,408 (-5.1%), from €299,279 to €283,871
of which Land and buildings: -€14,451
- Intangible fixed assets -€13,000
down €13,000 (-25.0%), from €52,000 to €39,000
- Cash -€11,523
down €11,523 (-84.9%), from €13,570 to €2,047
mainly Other debts (-€12,760) and Debts after one year (-€12,350)
- Other debts -€12,760
down €12,760 (-14.3%), from €89,542 to €76,782
- Debts after one year -€12,350
no longer reported in 2025 (was €12,350)
- Profit (loss) carried forward -€10,133
down €10,133 (-38.0%), from -€26,669 to -€36,802
- Tax, wage and social debts -€6,964
down €6,964 (-47.4%), from €14,702 to €7,738
- Gross operating margin +€27,954
up €27,954, from -€255 to €27,700
- Staff costs +€6,275
no longer reported in 2025 (was -€6,275)
- Taxes +€4,534
up €4,534 (+532%), from €852 to €5,386
- Depreciation -€745
down €745 (-2.5%), from €30,370 to €29,626
- Other operating charges -€552
down €552 (-19.4%), from €2,846 to €2,293
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €377,858 | €337,822 | -€40,037 | -10.6% |
| Fixed assets | 21/28 | €351,279 | €322,871 | -€28,408 | -8.1% |
| Intangible fixed assets | 21 | €52,000 | €39,000 | -€13,000 | -25.0% |
| Tangible fixed assets | 22/27 | €299,279 | €283,871 | -€15,408 | -5.1% |
| Land and buildings | 22 | €291,149 | €276,698 | -€14,451 | -5.0% |
| Furniture and vehicles | 24 | €5,427 | €4,470 | -€957 | -17.6% |
| Other tangible fixed assets | 26 | €2,703 | €2,703 | = | 0.0% |
| Current assets | 29/58 | €26,579 | €14,950 | -€11,629 | -43.8% |
| Amounts receivable within one year | 40/41 | €10,000 | €10,000 | = | 0.0% |
| Other amounts receivable | 41 | €10,000 | €10,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €13,570 | €2,047 | -€11,523 | -84.9% |
| Deferred charges and accrued income | 490/1 | €3,010 | €2,903 | -€107 | -3.5% |
| Total equity and liabilities | 10/49 | €377,858 | €337,822 | -€40,037 | -10.6% |
| Equity | 10/15 | €261,161 | €251,028 | -€10,133 | -3.9% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €247,831 | €247,831 | = | 0.0% |
| Distributable reserves | 133 | €247,831 | €247,831 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,669 | -€36,802 | -€10,133 | -38.0% |
| Amounts payable | 17/49 | €116,697 | €86,793 | -€29,904 | -25.6% |
| Amounts payable after more than one year | 17 | €12,350 | - | -€12,350 | |
| Financial debts | 170/4 | €12,350 | - | -€12,350 | |
| Amounts payable within one year | 42/48 | €104,347 | €86,793 | -€17,554 | -16.8% |
| Trade debts | 44 | €102 | €2,273 | +€2,171 | +2,119% |
| Suppliers | 440/4 | €102 | €2,273 | +€2,171 | +2,119% |
| Taxes, remuneration and social security | 45 | €14,702 | €7,738 | -€6,964 | -47.4% |
| Taxes | 450/3 | €14,702 | €7,738 | -€6,964 | -47.4% |
| Other amounts payable | 47/48 | €89,542 | €76,782 | -€12,760 | -14.3% |
| Remuneration, social security and pensions | 62 | -€6,275 | - | +€6,275 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,370 | €29,626 | -€745 | -2.5% |
| Other operating charges | 640/8 | €2,846 | €2,293 | -€552 | -19.4% |
| Gross operating margin | 9900 | -€255 | €27,700 | +€27,954 | |
| Operating profit (loss) | 9901 | -€27,196 | -€4,219 | +€22,977 | +84.5% |
| Financial income | 75/76B | €0 | €0 | +€0 | +2,100% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +2,100% |
| Financial charges | 65/66B | €992 | €528 | -€464 | -46.8% |
| Recurring financial charges | 65 | €992 | €528 | -€464 | -46.8% |
| Profit (loss) for the period before taxes | 9903 | -€28,188 | -€4,747 | +€23,441 | +83.2% |
| Income taxes | 67/77 | €852 | €5,386 | +€4,534 | +532% |
| Profit (loss) for the period | 9904 | -€29,040 | -€10,133 | +€18,907 | +65.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,040 | -€10,133 | +€18,907 | +65.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.