VANHOEYVELD-VERHOEFT: 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.
VANHOEYVELD-VERHOEFT
Largest movements
- Cash -€1.3m
down €1.3m (-60.8%), from €2.1m to €817,108
mainly Debts after one year (-€1.3m) and Other debts (-€76,796)
- Debts after one year -€1.3m
no longer reported in 2025 (was €1.3m)
- Reserves +€111,515
up €111,515 (+3.5%), from €3.2m to €3.3m
of which Distributable reserves: +€111,515
- Other debts -€76,796
no longer reported in 2025 (was €76,796)
- Gross operating margin +€18,962
up €18,962 (+10.6%), from €179,699 to €198,661
- Financial charges -€18,697
down €18,697 (-24.2%), from €77,335 to €58,638
- Taxes +€11,844
up €11,844 (+46.8%), from €25,328 to €37,172
- Financial income +€9,750
new in 2025: €9,750
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 | €6,112,140 | €4,853,450 | -€1.3m | -20.6% |
| Fixed assets | 21/28 | €4,027,777 | €4,027,777 | = | 0.0% |
| Financial fixed assets | 28 | €4,027,777 | €4,027,777 | = | 0.0% |
| Current assets | 29/58 | €2,084,363 | €825,673 | -€1.3m | -60.4% |
| Amounts receivable within one year | 40/41 | - | €8,565 | +€8,565 | |
| Other amounts receivable | 41 | - | €8,565 | +€8,565 | |
| Cash at bank and in hand | 54/58 | €2,084,363 | €817,108 | -€1.3m | -60.8% |
| Total equity and liabilities | 10/49 | €6,112,140 | €4,853,450 | -€1.3m | -20.6% |
| Equity | 10/15 | €4,741,607 | €4,853,122 | +€111,515 | +2.4% |
| Contributions | 10/11 | €1,510,000 | €1,510,000 | = | 0.0% |
| Capital | 10 | €1,510,000 | €1,510,000 | = | 0.0% |
| Issued capital | 100 | €1,510,000 | €1,510,000 | = | 0.0% |
| Reserves | 13 | €3,231,607 | €3,343,122 | +€111,515 | +3.5% |
| Non-distributable reserves | 130/1 | €151,000 | €151,000 | = | 0.0% |
| Legal reserve | 130 | €151,000 | €151,000 | = | 0.0% |
| Distributable reserves | 133 | €3,080,607 | €3,192,122 | +€111,515 | +3.6% |
| Amounts payable | 17/49 | €1,370,533 | €328 | -€1.4m | -100.0% |
| Amounts payable after more than one year | 17 | €1,279,946 | - | -€1.3m | |
| Financial debts | 170/4 | €1,279,946 | - | -€1.3m | |
| Amounts payable within one year | 42/48 | €90,587 | €328 | -€90,259 | -99.6% |
| Taxes, remuneration and social security | 45 | €13,791 | €328 | -€13,463 | -97.6% |
| Taxes | 450/3 | €13,791 | €328 | -€13,463 | -97.6% |
| Other amounts payable | 47/48 | €76,796 | - | -€76,796 | |
| Other operating charges | 640/8 | €1,053 | €1,086 | +€33 | +3.1% |
| Gross operating margin | 9900 | €179,699 | €198,661 | +€18,962 | +10.6% |
| Operating profit (loss) | 9901 | €178,646 | €197,575 | +€18,929 | +10.6% |
| Financial income | 75/76B | - | €9,750 | +€9,750 | |
| Recurring financial income | 75 | - | €9,750 | +€9,750 | |
| Financial charges | 65/66B | €77,335 | €58,638 | -€18,697 | -24.2% |
| Recurring financial charges | 65 | €77,335 | €58,638 | -€18,697 | -24.2% |
| Profit (loss) for the period before taxes | 9903 | €101,311 | €148,687 | +€47,376 | +46.8% |
| Income taxes | 67/77 | €25,328 | €37,172 | +€11,844 | +46.8% |
| Profit (loss) for the period | 9904 | €75,983 | €111,515 | +€35,532 | +46.8% |
| Profit (loss) for the period to be appropriated | 9905 | €75,983 | €111,515 | +€35,532 | +46.8% |
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 21 October 2026 via checked.be.