VANHOECKE BEHEER: 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.
VANHOECKE BEHEER
Largest movements
- Cash -€1.1m
down €1.1m (-92.9%), from €1.2m to €88,109
mainly Other debts (-€983,458) and Debts after one year (-€393,430)
- Tangible fixed assets -€419,870
down €419,870 (-6.2%), from €6.8m to €6.4m
of which Land and buildings: -€432,706
- Other debts -€983,458
down €983,458 (-66.3%), from €1.5m to €500,227
- Debts after one year -€393,430
down €393,430 (-7.1%), from €5.5m to €5.1m
- Profit (loss) carried forward -€145,665
down €145,665 (-26.3%), from €554,445 to €408,780
- Write-downs +€250,000
new in 2025: €250,000
- Financial charges -€96,882
down €96,882 (-63.1%), from €153,445 to €56,563
- Financial income -€72,617
down €72,617 (-79.0%), from €91,966 to €19,349
of which Non-recurring financial income: -€68,878
- Other operating charges -€8,338
down €8,338 (-9.9%), from €84,314 to €75,976
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 | €10,015,544 | €8,481,974 | -€1.5m | -15.3% |
| Fixed assets | 21/28 | €8,768,889 | €8,349,019 | -€419,870 | -4.8% |
| Tangible fixed assets | 22/27 | €6,771,081 | €6,351,211 | -€419,870 | -6.2% |
| Land and buildings | 22 | €6,771,081 | €6,338,375 | -€432,706 | -6.4% |
| Plant, machinery and equipment | 23 | - | €12,836 | +€12,836 | |
| Financial fixed assets | 28 | €1,997,808 | €1,997,808 | = | 0.0% |
| Current assets | 29/58 | €1,246,655 | €132,955 | -€1.1m | -89.3% |
| Amounts receivable within one year | 40/41 | €9,253 | €33,595 | +€24,342 | +263% |
| Trade receivables | 40 | €3,630 | €10,349 | +€6,719 | +185% |
| Other amounts receivable | 41 | €5,623 | €23,246 | +€17,624 | +313% |
| Cash at bank and in hand | 54/58 | €1,232,587 | €88,109 | -€1.1m | -92.9% |
| Deferred charges and accrued income | 490/1 | €4,815 | €11,251 | +€6,436 | +134% |
| Total equity and liabilities | 10/49 | €10,015,544 | €8,481,974 | -€1.5m | -15.3% |
| Equity | 10/15 | €2,498,246 | €2,333,240 | -€165,006 | -6.6% |
| Contributions | 10/11 | €1,494,765 | €1,494,765 | = | 0.0% |
| Capital | 10 | €1,494,765 | €1,494,765 | = | 0.0% |
| Issued capital | 100 | €1,494,765 | €1,494,765 | = | 0.0% |
| Reserves | 13 | €449,036 | €429,695 | -€19,341 | -4.3% |
| Non-distributable reserves | 130/1 | €149,476 | €149,476 | = | 0.0% |
| Legal reserve | 130 | €149,476 | €149,476 | = | 0.0% |
| Tax-exempt reserves | 132 | €299,559 | €280,218 | -€19,341 | -6.5% |
| Profit (loss) carried forward | 14 | €554,445 | €408,780 | -€145,665 | -26.3% |
| Provisions and deferred taxes | 16 | €131,349 | €124,902 | -€6,447 | -4.9% |
| Deferred taxes | 168 | €131,349 | €124,902 | -€6,447 | -4.9% |
| Amounts payable | 17/49 | €7,385,949 | €6,023,832 | -€1.4m | -18.4% |
| Amounts payable after more than one year | 17 | €5,514,403 | €5,120,974 | -€393,430 | -7.1% |
| Financial debts | 170/4 | €5,514,403 | €5,120,974 | -€393,430 | -7.1% |
| Amounts payable within one year | 42/48 | €1,865,599 | €898,637 | -€966,962 | -51.8% |
| Current portion of amounts payable after more than one year | 42 | €360,316 | €365,526 | +€5,211 | +1.4% |
| Trade debts | 44 | €20,556 | €3,859 | -€16,697 | -81.2% |
| Suppliers | 440/4 | €20,556 | €3,859 | -€16,697 | -81.2% |
| Taxes, remuneration and social security | 45 | €1,042 | €29,025 | +€27,983 | +2,685% |
| Taxes | 450/3 | €1,042 | €29,025 | +€27,983 | +2,685% |
| Other amounts payable | 47/48 | €1,483,685 | €500,227 | -€983,458 | -66.3% |
| Accrued charges and deferred income | 492/3 | €5,946 | €4,221 | -€1,725 | -29.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €419,111 | €419,870 | +€759 | +0.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €250,000 | +€250,000 | |
| Other operating charges | 640/8 | €84,314 | €75,976 | -€8,338 | -9.9% |
| Gross operating margin | 9900 | €611,671 | €611,606 | -€65 | 0.0% |
| Operating profit (loss) | 9901 | €108,247 | -€134,240 | -€242,486 | |
| Financial income | 75/76B | €91,966 | €19,349 | -€72,617 | -79.0% |
| Recurring financial income | 75 | €23,088 | €19,349 | -€3,739 | -16.2% |
| Non-recurring financial income | 76B | €68,878 | - | -€68,878 | |
| Financial charges | 65/66B | €153,445 | €56,563 | -€96,882 | -63.1% |
| Recurring financial charges | 65 | €153,445 | €56,563 | -€96,882 | -63.1% |
| Profit (loss) for the period before taxes | 9903 | €46,768 | -€171,453 | -€218,221 | |
| Transfer from deferred taxes | 780 | €6,447 | €6,447 | = | 0.0% |
| Profit (loss) for the period | 9904 | €53,215 | -€165,006 | -€218,221 | |
| Transfer from tax-exempt reserves | 789 | €19,341 | €19,341 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €72,556 | -€145,665 | -€218,221 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.