VANHEULE SPORT: 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.
VANHEULE SPORT
Largest movements
- Cash -€64,430
down €64,430 (-82.7%), from €77,935 to €13,505
mainly Current portion of long-term debt (-€73,432) and Tax, wage and social debts (-€15,799)
- Receivables within one year -€15,507
down €15,507 (-38.7%), from €40,045 to €24,538
- Stocks and contracts -€10,000
down €10,000 (-33.3%), from €30,000 to €20,000
- Tangible fixed assets -€6,741
down €6,741 (-32.2%), from €20,938 to €14,197
of which Plant, machinery and equipment: -€6,067
- Current portion of long-term debt -€73,432
no longer reported in 2025 (was €73,432)
- Tax, wage and social debts -€15,799
down €15,799 (-88.8%), from €17,799 to €2,000
- Profit (loss) carried forward -€11,882
down €11,882 (-4.6%), from -€256,878 to -€268,760
- Debts after one year +€6,444
up €6,444 (+3.2%), from €201,225 to €207,669
- Trade debts -€2,009
down €2,009 (-93.7%), from €2,144 to €134
- Gross operating margin +€160,241
up €160,241 (+98.3%), from -€163,090 to -€2,849
- Financial income -€15,000
down €15,000 (-100.0%), from €15,002 to €2
of which Non-recurring financial income: -€15,000
- Financial charges -€5,628
down €5,628 (-76.9%), from €7,320 to €1,692
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 | €169,033 | €72,355 | -€96,678 | -57.2% |
| Fixed assets | 21/28 | €20,953 | €14,212 | -€6,741 | -32.2% |
| Tangible fixed assets | 22/27 | €20,938 | €14,197 | -€6,741 | -32.2% |
| Plant, machinery and equipment | 23 | €18,734 | €12,667 | -€6,067 | -32.4% |
| Furniture and vehicles | 24 | €2,203 | €1,530 | -€674 | -30.6% |
| Financial fixed assets | 28 | €15 | €15 | = | 0.0% |
| Current assets | 29/58 | €148,080 | €58,143 | -€89,938 | -60.7% |
| Stocks and contracts in progress | 3 | €30,000 | €20,000 | -€10,000 | -33.3% |
| Stocks | 30/36 | €30,000 | €20,000 | -€10,000 | -33.3% |
| Amounts receivable within one year | 40/41 | €40,045 | €24,538 | -€15,507 | -38.7% |
| Trade receivables | 40 | €40,045 | €24,538 | -€15,507 | -38.7% |
| Current investments | 50/53 | €100 | €100 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €77,935 | €13,505 | -€64,430 | -82.7% |
| Total equity and liabilities | 10/49 | €169,033 | €72,355 | -€96,678 | -57.2% |
| Equity | 10/15 | -€125,567 | -€137,449 | -€11,882 | -9.5% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Reserves | 13 | €96,311 | €96,311 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,244 | €4,244 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,244 | €4,244 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €87,067 | €87,067 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€256,878 | -€268,760 | -€11,882 | -4.6% |
| Amounts payable | 17/49 | €294,600 | €209,804 | -€84,796 | -28.8% |
| Amounts payable after more than one year | 17 | €201,225 | €207,669 | +€6,444 | +3.2% |
| Other amounts payable | 178/9 | €201,225 | €207,669 | +€6,444 | +3.2% |
| Amounts payable within one year | 42/48 | €93,375 | €2,135 | -€91,240 | -97.7% |
| Current portion of amounts payable after more than one year | 42 | €73,432 | - | -€73,432 | |
| Trade debts | 44 | €2,144 | €134 | -€2,009 | -93.7% |
| Suppliers | 440/4 | €2,144 | €134 | -€2,009 | -93.7% |
| Taxes, remuneration and social security | 45 | €17,799 | €2,000 | -€15,799 | -88.8% |
| Taxes | 450/3 | €17,799 | €2,000 | -€15,799 | -88.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,741 | €6,741 | -€0 | 0.0% |
| Other operating charges | 640/8 | €394 | €401 | +€7 | +1.8% |
| Gross operating margin | 9900 | -€163,090 | -€2,849 | +€160,241 | +98.3% |
| Operating profit (loss) | 9901 | -€170,225 | -€9,991 | +€160,234 | +94.1% |
| Financial income | 75/76B | €15,002 | €2 | -€15,000 | -100.0% |
| Recurring financial income | 75 | €2 | €2 | -€0 | -11.1% |
| Non-recurring financial income | 76B | €15,000 | - | -€15,000 | |
| Financial charges | 65/66B | €7,320 | €1,692 | -€5,628 | -76.9% |
| Recurring financial charges | 65 | €7,320 | €1,692 | -€5,628 | -76.9% |
| Profit (loss) for the period before taxes | 9903 | -€162,542 | -€11,680 | +€150,862 | +92.8% |
| Income taxes | 67/77 | €255 | €202 | -€53 | -20.8% |
| Profit (loss) for the period | 9904 | -€162,797 | -€11,882 | +€150,915 | +92.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€162,797 | -€11,882 | +€150,915 | +92.7% |
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 19 October 2026 via checked.be.