VANHOEF JORIS: what changed
Two fiscal 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.
VANHOEF JORIS
Largest movements
- Receivables within one year -€88,036
down €88,036 (-61.1%), from €144,019 to €55,983
of which Trade receivables: -€80,742
- Cash +€79,557
up €79,557 (+83.3%), from €95,462 to €175,019
mainly Receivables within one year (+€88,036) and Depreciation (+€10,128)
- Stocks and contracts -€4,250
down €4,250 (-35.4%), from €12,000 to €7,750
- Debts after one year -€10,016
down €10,016 (-16.7%), from €59,986 to €49,970
- Reserves +€8,843
up €8,843 (+3.5%), from €253,708 to €262,551
of which Distributable reserves: +€8,843
- Trade debts -€8,047
down €8,047 (-71.0%), from €11,335 to €3,288
- Gross operating margin +€5,298
up €5,298 (+28.2%), from €18,766 to €24,064
- Taxes +€2,741
up €2,741 (+213.0%), from €1,287 to €4,027
- Financial income +€2,394
up €2,394 (+209.4%), from €1,143 to €3,537
- Other operating charges -€1,083
down €1,083 (-41.0%), from €2,642 to €1,559
- Financial charges -€1,050
down €1,050 (-37.0%), from €2,838 to €1,788
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 | €357,906 | €347,489 | -€10,416 | -2.9% |
| Fixed assets | 21/28 | €104,048 | €104,959 | +€911 | +0.9% |
| Tangible fixed assets | 22/27 | €104,048 | €104,959 | +€911 | +0.9% |
| Land and buildings | 22 | €102,000 | €95,000 | -€7,000 | -6.9% |
| Plant, machinery and equipment | 23 | €2,014 | €2,622 | +€608 | +30.2% |
| Furniture and vehicles | 24 | €33 | €3,854 | +€3,821 | +11477.1% |
| Leasing and similar rights | 25 | - | €3,483 | +€3,483 | |
| Current assets | 29/58 | €253,858 | €242,531 | -€11,327 | -4.5% |
| Stocks and contracts in progress | 3 | €12,000 | €7,750 | -€4,250 | -35.4% |
| Stocks | 30/36 | €12,000 | €7,750 | -€4,250 | -35.4% |
| Amounts receivable within one year | 40/41 | €144,019 | €55,983 | -€88,036 | -61.1% |
| Trade receivables | 40 | €130,484 | €49,742 | -€80,742 | -61.9% |
| Other amounts receivable | 41 | €13,535 | €6,242 | -€7,294 | -53.9% |
| Current investments | 50/53 | €2,066 | €2,077 | +€11 | +0.5% |
| Cash at bank and in hand | 54/58 | €95,462 | €175,019 | +€79,557 | +83.3% |
| Deferred charges and accrued income | 490/1 | €310 | €1,701 | +€1,391 | +448.6% |
| Total equity and liabilities | 10/49 | €357,906 | €347,489 | -€10,416 | -2.9% |
| Equity | 10/15 | €259,908 | €268,751 | +€8,843 | +3.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €253,708 | €262,551 | +€8,843 | +3.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €251,848 | €260,691 | +€8,843 | +3.5% |
| Amounts payable | 17/49 | €97,998 | €78,739 | -€19,259 | -19.7% |
| Amounts payable after more than one year | 17 | €59,986 | €49,970 | -€10,016 | -16.7% |
| Financial debts | 170/4 | €59,986 | €49,970 | -€10,016 | -16.7% |
| Amounts payable within one year | 42/48 | €38,012 | €28,768 | -€9,243 | -24.3% |
| Current portion of amounts payable after more than one year | 42 | €9,848 | €10,016 | +€169 | +1.7% |
| Trade debts | 44 | €11,335 | €3,288 | -€8,047 | -71.0% |
| Suppliers | 440/4 | €11,335 | €3,288 | -€8,047 | -71.0% |
| Taxes, remuneration and social security | 45 | €3,437 | €2,150 | -€1,287 | -37.4% |
| Taxes | 450/3 | €1,287 | - | -€1,287 | |
| Remuneration and social security | 454/9 | €2,150 | €2,150 | = | 0.0% |
| Other amounts payable | 47/48 | €13,392 | €13,315 | -€78 | -0.6% |
| Remuneration, social security and pensions | 62 | €1,580 | €1,255 | -€325 | -20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,256 | €10,128 | -€128 | -1.2% |
| Other operating charges | 640/8 | €2,642 | €1,559 | -€1,083 | -41.0% |
| Gross operating margin | 9900 | €18,766 | €24,064 | +€5,298 | +28.2% |
| Operating profit (loss) | 9901 | €4,288 | €11,122 | +€6,834 | +159.4% |
| Financial income | 75/76B | €1,143 | €3,537 | +€2,394 | +209.4% |
| Recurring financial income | 75 | €1,143 | €3,537 | +€2,394 | +209.4% |
| Financial charges | 65/66B | €2,838 | €1,788 | -€1,050 | -37.0% |
| Recurring financial charges | 65 | €2,838 | €1,788 | -€1,050 | -37.0% |
| Profit (loss) for the period before taxes | 9903 | €2,593 | €12,871 | +€10,278 | +396.4% |
| Income taxes | 67/77 | €1,287 | €4,027 | +€2,741 | +213.0% |
| Profit (loss) for the period | 9904 | €1,306 | €8,843 | +€7,537 | +577.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,306 | €8,843 | +€7,537 | +577.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.