VANHIXE: 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.
VANHIXE
Largest movements
- Current investments -€119,081
down €119,081 (-89.4%), from €133,156 to €14,075
- Cash +€41,358
up €41,358 (+88.5%), from €46,750 to €88,109
mainly Current investments (+€119,081) and Stocks and contracts (+€15,776)
- Receivables within one year +€16,433
up €16,433 (+2.4%), from €674,799 to €691,232
of which Other amounts receivable: +€8,920
- Stocks and contracts -€15,776
down €15,776 (-52.7%), from €29,949 to €14,173
of which Stocks: -€11,876
- Reserves -€95,674
down €95,674 (-14.2%), from €671,506 to €575,832
- Trade debts +€13,956
up €13,956 (+171.3%), from €8,145 to €22,100
- Gross operating margin -€643,968
down €643,968 (-93.4%), from €689,806 to €45,838
- Taxes -€186,951
down €186,951 (-99.9%), from €187,112 to €161
- Staff costs -€12,110
down €12,110 (-10.0%), from €120,867 to €108,757
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.
Cash bridge derived
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 | €911,102 | €824,054 | -€87,047 | -9.6% |
| Fixed assets | 21/28 | €25,232 | €16,465 | -€8,767 | -34.7% |
| Tangible fixed assets | 22/27 | €25,043 | €16,276 | -€8,767 | -35.0% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €1,656 | €1,208 | -€448 | -27.1% |
| Furniture and vehicles | 24 | €23,387 | €15,068 | -€8,319 | -35.6% |
| Financial fixed assets | 28 | €189 | €189 | = | 0.0% |
| Current assets | 29/58 | €885,869 | €807,590 | -€78,280 | -8.8% |
| Stocks and contracts in progress | 3 | €29,949 | €14,173 | -€15,776 | -52.7% |
| Stocks | 30/36 | €26,049 | €14,173 | -€11,876 | -45.6% |
| Contracts in progress | 37 | €3,900 | €0 | -€3,900 | -100.0% |
| Amounts receivable within one year | 40/41 | €674,799 | €691,232 | +€16,433 | +2.4% |
| Trade receivables | 40 | €670,437 | €677,950 | +€7,513 | +1.1% |
| Other amounts receivable | 41 | €4,363 | €13,282 | +€8,920 | +204.5% |
| Current investments | 50/53 | €133,156 | €14,075 | -€119,081 | -89.4% |
| Cash at bank and in hand | 54/58 | €46,750 | €88,109 | +€41,358 | +88.5% |
| Deferred charges and accrued income | 490/1 | €1,214 | €0 | -€1,214 | -100.0% |
| Total equity and liabilities | 10/49 | €911,102 | €824,054 | -€87,047 | -9.6% |
| Equity | 10/15 | €698,775 | €603,101 | -€95,674 | -13.7% |
| Contributions | 10/11 | €27,268 | €27,268 | = | 0.0% |
| Reserves | 13 | €671,506 | €575,832 | -€95,674 | -14.2% |
| Distributable reserves | 133 | €671,506 | €575,832 | -€95,674 | -14.2% |
| Amounts payable | 17/49 | €212,327 | €220,954 | +€8,627 | +4.1% |
| Amounts payable after more than one year | 17 | €7,186 | €2,657 | -€4,528 | -63.0% |
| Financial debts | 170/4 | €7,186 | €2,657 | -€4,528 | -63.0% |
| Amounts payable within one year | 42/48 | €205,141 | €218,296 | +€13,155 | +6.4% |
| Current portion of amounts payable after more than one year | 42 | €4,494 | €4,528 | +€35 | +0.8% |
| Trade debts | 44 | €8,145 | €22,100 | +€13,956 | +171.3% |
| Suppliers | 440/4 | €8,145 | €22,100 | +€13,956 | +171.3% |
| Advances received on contracts in progress | 46 | €528 | €0 | -€528 | -100.0% |
| Taxes, remuneration and social security | 45 | €184,455 | €191,259 | +€6,804 | +3.7% |
| Taxes | 450/3 | €181,608 | €182,633 | +€1,025 | +0.6% |
| Remuneration and social security | 454/9 | €2,847 | €8,626 | +€5,779 | +203.0% |
| Other amounts payable | 47/48 | €7,521 | €409 | -€7,111 | -94.6% |
| Non-recurring operating income | 76A | €579,265 | €0 | -€579,265 | -100.0% |
| Remuneration, social security and pensions | 62 | €120,867 | €108,757 | -€12,110 | -10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,767 | €8,767 | = | 0.0% |
| Other operating charges | 640/8 | €4,101 | €3,802 | -€299 | -7.3% |
| Non-recurring operating charges | 66A | - | €20,894 | +€20,894 | |
| Gross operating margin | 9900 | €689,806 | €45,838 | -€643,968 | -93.4% |
| Operating profit (loss) | 9901 | €556,071 | -€96,381 | -€652,452 | |
| Financial income | 75/76B | €2,060 | €1,473 | -€587 | -28.5% |
| Recurring financial income | 75 | €2,060 | €1,473 | -€587 | -28.5% |
| Financial charges | 65/66B | €1,609 | €605 | -€1,004 | -62.4% |
| Recurring financial charges | 65 | €1,609 | €605 | -€1,004 | -62.4% |
| Profit (loss) for the period before taxes | 9903 | €556,522 | -€95,513 | -€652,035 | |
| Income taxes | 67/77 | €187,112 | €161 | -€186,951 | -99.9% |
| Profit (loss) for the period | 9904 | €369,410 | -€95,674 | -€465,084 | |
| Profit (loss) for the period to be appropriated | 9905 | €369,410 | -€95,674 | -€465,084 |
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 9 October 2026 via checked.be.