VanHills Projects: 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.
VanHills Projects
Largest movements
- Stocks and contracts -€110,592
down €110,592 (-100%), from €110,592 to €0
- Deferred charges and accrued income -€10,834
down €10,834 (-90.9%), from €11,920 to €1,085
- Tangible fixed assets -€1,970
down €1,970 (-29.8%), from €6,610 to €4,640
of which Other tangible fixed assets: -€1,336
- Profit (loss) carried forward -€73,171
down €73,171, from €0 to -€73,171
- Trade debts -€39,897
down €39,897 (-82.6%), from €48,331 to €8,433
- Debts after one year -€7,057
down €7,057 (-100%), from €7,057 to €0
- Current portion of long-term debt -€6,659
down €6,659 (-100%), from €6,659 to €0
- Tax, wage and social debts +€5,787
up €5,787 (+47.4%), from €12,199 to €17,986
- Gross operating margin -€81,421
down €81,421, from €14,187 to -€67,234
- Write-downs -€6,687
down €6,687 (-100%), from €6,687 to €0
- Other operating charges +€1,066
up €1,066 (+99.2%), from €1,075 to €2,141
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 | €133,503 | €11,335 | -€122,167 | -91.5% |
| Fixed assets | 21/28 | €6,610 | €4,640 | -€1,970 | -29.8% |
| Tangible fixed assets | 22/27 | €6,610 | €4,640 | -€1,970 | -29.8% |
| Furniture and vehicles | 24 | €1,471 | €837 | -€634 | -43.1% |
| Other tangible fixed assets | 26 | €5,139 | €3,803 | -€1,336 | -26.0% |
| Current assets | 29/58 | €126,893 | €6,695 | -€120,198 | -94.7% |
| Stocks and contracts in progress | 3 | €110,592 | €0 | -€110,592 | -100% |
| Stocks | 30/36 | €110,592 | €0 | -€110,592 | -100% |
| Amounts receivable within one year | 40/41 | €1,309 | €2,148 | +€839 | +64.1% |
| Trade receivables | 40 | €1,096 | €2,140 | +€1,044 | +95.3% |
| Other amounts receivable | 41 | €213 | €8 | -€205 | -96.1% |
| Cash at bank and in hand | 54/58 | €3,072 | €3,462 | +€390 | +12.7% |
| Deferred charges and accrued income | 490/1 | €11,920 | €1,085 | -€10,834 | -90.9% |
| Total equity and liabilities | 10/49 | €133,503 | €11,335 | -€122,167 | -91.5% |
| Equity | 10/15 | €1,000 | -€72,171 | -€73,171 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€73,171 | -€73,171 | |
| Amounts payable | 17/49 | €132,503 | €83,507 | -€48,996 | -37.0% |
| Amounts payable after more than one year | 17 | €7,057 | €0 | -€7,057 | -100% |
| Financial debts | 170/4 | €7,057 | €0 | -€7,057 | -100% |
| Amounts payable within one year | 42/48 | €125,446 | €83,507 | -€41,940 | -33.4% |
| Current portion of amounts payable after more than one year | 42 | €6,659 | €0 | -€6,659 | -100% |
| Trade debts | 44 | €48,331 | €8,433 | -€39,897 | -82.6% |
| Suppliers | 440/4 | €48,331 | €8,433 | -€39,897 | -82.6% |
| Taxes, remuneration and social security | 45 | €12,199 | €17,986 | +€5,787 | +47.4% |
| Taxes | 450/3 | €12,199 | €17,986 | +€5,787 | +47.4% |
| Other amounts payable | 47/48 | €58,258 | €57,087 | -€1,170 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,236 | €1,970 | -€266 | -11.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,687 | €0 | -€6,687 | -100% |
| Other operating charges | 640/8 | €1,075 | €2,141 | +€1,066 | +99.2% |
| Gross operating margin | 9900 | €14,187 | -€67,234 | -€81,421 | |
| Operating profit (loss) | 9901 | €4,190 | -€71,344 | -€75,535 | |
| Financial income | 75/76B | €98 | €33 | -€65 | -66.1% |
| Recurring financial income | 75 | €98 | €33 | -€65 | -66.1% |
| Financial charges | 65/66B | €2,417 | €1,860 | -€557 | -23.0% |
| Recurring financial charges | 65 | €2,417 | €1,860 | -€557 | -23.0% |
| Profit (loss) for the period before taxes | 9903 | €1,871 | -€73,171 | -€75,043 | |
| Income taxes | 67/77 | €270 | €0 | -€270 | -100% |
| Profit (loss) for the period | 9904 | €1,601 | -€73,171 | -€74,773 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,601 | -€73,171 | -€74,773 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.