Vanheusden Hans: 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.
Vanheusden Hans
Largest movements
- Tangible fixed assets +€47,504
up €47,504 (+574%), from €8,274 to €55,778
of which Furniture and vehicles: +€44,780
- Cash -€29,302
down €29,302 (-57.2%), from €51,194 to €21,892
mainly Investment in fixed assets (net) (-€55,578) and Trade debts (-€4,017)
- Debts after one year +€13,249
new in 2025: €13,249
- Reserves +€9,090
up €9,090 (+26.0%), from €35,000 to €44,090
- Current portion of long-term debt +€4,802
new in 2025: €4,802
- Trade debts -€4,017
down €4,017 (-25.8%), from €15,595 to €11,578
- Tax, wage and social debts -€3,484
down €3,484 (-53.2%), from €6,544 to €3,060
of which Taxes: -€3,484
- Gross operating margin -€36,169
down €36,169 (-49.7%), from €72,709 to €36,540
- Taxes -€10,774
down €10,774 (-61.5%), from €17,518 to €6,744
- Depreciation +€4,231
up €4,231 (+110%), from €3,844 to €8,075
- Other operating charges +€1,388
up €1,388 (+55.9%), from €2,482 to €3,870
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 | €65,642 | €84,345 | +€18,704 | +28.5% |
| Fixed assets | 21/28 | €8,274 | €55,778 | +€47,504 | +574% |
| Tangible fixed assets | 22/27 | €8,274 | €55,778 | +€47,504 | +574% |
| Plant, machinery and equipment | 23 | €1,454 | €4,177 | +€2,723 | +187% |
| Furniture and vehicles | 24 | €6,820 | €51,601 | +€44,780 | +657% |
| Current assets | 29/58 | €57,367 | €28,568 | -€28,800 | -50.2% |
| Amounts receivable within one year | 40/41 | €6,173 | €6,676 | +€502 | +8.1% |
| Trade receivables | 40 | €1,995 | €874 | -€1,121 | -56.2% |
| Other amounts receivable | 41 | €4,178 | €5,802 | +€1,624 | +38.9% |
| Cash at bank and in hand | 54/58 | €51,194 | €21,892 | -€29,302 | -57.2% |
| Total equity and liabilities | 10/49 | €65,642 | €84,345 | +€18,704 | +28.5% |
| Equity | 10/15 | €41,170 | €50,259 | +€9,090 | +22.1% |
| Reserves | 13 | €35,000 | €44,090 | +€9,090 | +26.0% |
| Distributable reserves | 133 | €35,000 | €44,090 | +€9,090 | +26.0% |
| Profit (loss) carried forward | 14 | €6,170 | €6,170 | = | 0.0% |
| Amounts payable | 17/49 | €24,472 | €34,086 | +€9,614 | +39.3% |
| Amounts payable after more than one year | 17 | - | €13,249 | +€13,249 | |
| Financial debts | 170/4 | - | €13,249 | +€13,249 | |
| Amounts payable within one year | 42/48 | €24,472 | €20,838 | -€3,634 | -14.9% |
| Current portion of amounts payable after more than one year | 42 | - | €4,802 | +€4,802 | |
| Trade debts | 44 | €15,595 | €11,578 | -€4,017 | -25.8% |
| Suppliers | 440/4 | €15,595 | €11,578 | -€4,017 | -25.8% |
| Taxes, remuneration and social security | 45 | €6,544 | €3,060 | -€3,484 | -53.2% |
| Taxes | 450/3 | €6,544 | €3,060 | -€3,484 | -53.2% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | €2,333 | €1,398 | -€935 | -40.1% |
| Non-recurring operating income | 76A | - | €8,500 | +€8,500 | |
| Remuneration, social security and pensions | 62 | €7,763 | €8,335 | +€572 | +7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,844 | €8,075 | +€4,231 | +110% |
| Other operating charges | 640/8 | €2,482 | €3,870 | +€1,388 | +55.9% |
| Gross operating margin | 9900 | €72,709 | €36,540 | -€36,169 | -49.7% |
| Operating profit (loss) | 9901 | €58,620 | €16,260 | -€42,360 | -72.3% |
| Financial income | 75/76B | €575 | €161 | -€414 | -72.0% |
| Recurring financial income | 75 | €575 | €161 | -€414 | -72.0% |
| Financial charges | 65/66B | €507 | €587 | +€80 | +15.8% |
| Recurring financial charges | 65 | €507 | €587 | +€80 | +15.8% |
| Profit (loss) for the period before taxes | 9903 | €58,688 | €15,834 | -€42,854 | -73.0% |
| Income taxes | 67/77 | €17,518 | €6,744 | -€10,774 | -61.5% |
| Profit (loss) for the period | 9904 | €41,170 | €9,090 | -€32,080 | -77.9% |
| Profit (loss) for the period to be appropriated | 9905 | €41,170 | €9,090 | -€32,080 | -77.9% |
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 13 October 2026 via checked.be.