VANHEUSDEN WOONPROJECTEN: 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 WOONPROJECTEN
Largest movements
- Stocks and contracts -€326,753
down €326,753 (-50.5%), from €646,482 to €319,729
of which Contracts in progress: -€225,000
- Receivables within one year -€126,700
down €126,700 (-94.1%), from €134,677 to €7,978
of which Other amounts receivable: -€126,334
- Cash +€68,103
up €68,103 (+112%), from €60,548 to €128,651
mainly Stocks and contracts (+€326,753) and Receivables within one year (+€126,700)
- Short-term financial debts -€367,866
down €367,866 (-56.1%), from €655,773 to €287,907
- Reserves -€113,211
down €113,211 (-86.4%), from €131,035 to €17,824
of which Distributable reserves: -€113,211
- Other debts +€46,876
up €46,876 (+343%), from €13,655 to €60,531
- Trade debts +€28,717
new in 2025: €28,717
- Tax, wage and social debts +€18,788
up €18,788 (+72.7%), from €25,831 to €44,619
- Gross operating margin -€23,186
down €23,186 (-26.4%), from €87,898 to €64,712
- Financial charges -€18,414
down €18,414 (-43.1%), from €42,722 to €24,308
- Other operating charges +€10,753
up €10,753 (+383%), from €2,809 to €13,562
- Financial income -€5,923
down €5,923 (-98.1%), from €6,038 to €115
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 | €844,921 | €458,197 | -€386,723 | -45.8% |
| Fixed assets | 21/28 | €765 | €156 | -€609 | -79.6% |
| Tangible fixed assets | 22/27 | €715 | €106 | -€609 | -85.1% |
| Furniture and vehicles | 24 | €715 | €106 | -€609 | -85.1% |
| Other tangible fixed assets | 26 | €0 | €0 | -€0 | -100% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €844,156 | €458,041 | -€386,115 | -45.7% |
| Stocks and contracts in progress | 3 | €646,482 | €319,729 | -€326,753 | -50.5% |
| Stocks | 30/36 | €421,482 | €319,729 | -€101,753 | -24.1% |
| Contracts in progress | 37 | €225,000 | €0 | -€225,000 | -100% |
| Amounts receivable within one year | 40/41 | €134,677 | €7,978 | -€126,700 | -94.1% |
| Trade receivables | 40 | €6,528 | €6,162 | -€366 | -5.6% |
| Other amounts receivable | 41 | €128,150 | €1,816 | -€126,334 | -98.6% |
| Cash at bank and in hand | 54/58 | €60,548 | €128,651 | +€68,103 | +112% |
| Deferred charges and accrued income | 490/1 | €2,448 | €1,684 | -€764 | -31.2% |
| Total equity and liabilities | 10/49 | €844,921 | €458,197 | -€386,723 | -45.8% |
| Equity | 10/15 | €149,635 | €36,424 | -€113,211 | -75.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €131,035 | €17,824 | -€113,211 | -86.4% |
| Non-distributable reserves | 130/1 | €1,317 | €1,317 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,317 | €1,317 | = | 0.0% |
| Distributable reserves | 133 | €129,718 | €16,507 | -€113,211 | -87.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €695,286 | €421,773 | -€273,512 | -39.3% |
| Amounts payable within one year | 42/48 | €695,259 | €421,773 | -€273,485 | -39.3% |
| Financial debts | 43 | €655,773 | €287,907 | -€367,866 | -56.1% |
| Credit institutions | 430/8 | €655,773 | €287,907 | -€367,866 | -56.1% |
| Trade debts | 44 | - | €28,717 | +€28,717 | |
| Suppliers | 440/4 | - | €28,717 | +€28,717 | |
| Taxes, remuneration and social security | 45 | €25,831 | €44,619 | +€18,788 | +72.7% |
| Taxes | 450/3 | €25,831 | €44,619 | +€18,788 | +72.7% |
| Other amounts payable | 47/48 | €13,655 | €60,531 | +€46,876 | +343% |
| Accrued charges and deferred income | 492/3 | €27 | €0 | -€27 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €679 | €609 | -€70 | -10.3% |
| Other operating charges | 640/8 | €2,809 | €13,562 | +€10,753 | +383% |
| Non-recurring operating charges | 66A | €4,229 | €0 | -€4,229 | -100% |
| Gross operating margin | 9900 | €87,898 | €64,712 | -€23,186 | -26.4% |
| Operating profit (loss) | 9901 | €80,181 | €50,542 | -€29,639 | -37.0% |
| Financial income | 75/76B | €6,038 | €115 | -€5,923 | -98.1% |
| Recurring financial income | 75 | €6,038 | €115 | -€5,923 | -98.1% |
| Financial charges | 65/66B | €42,722 | €24,308 | -€18,414 | -43.1% |
| Recurring financial charges | 65 | €42,722 | €24,308 | -€18,414 | -43.1% |
| Profit (loss) for the period before taxes | 9903 | €43,497 | €26,349 | -€17,148 | -39.4% |
| Income taxes | 67/77 | €9,825 | €9,842 | +€17 | +0.2% |
| Profit (loss) for the period | 9904 | €33,672 | €16,507 | -€17,165 | -51.0% |
| Profit (loss) for the period to be appropriated | 9905 | €33,672 | €16,507 | -€17,165 | -51.0% |
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 18 October 2026 via checked.be.