VANHOFF: 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.
VANHOFF
Largest movements
- Tangible fixed assets -€22,308
down €22,308 (-4.9%), from €459,014 to €436,706
of which Land and buildings: -€21,028
- Cash -€13,369
down €13,369 (-32.2%), from €41,517 to €28,148
mainly Debts after one year (-€22,900) and Other debts (-€12,800)
- Debts after one year -€22,900
down €22,900 (-7.9%), from €290,363 to €267,463
- Other debts -€12,800
down €12,800 (-6.1%), from €211,001 to €198,201
- Gross operating margin +€4,043
up €4,043 (+14.6%), from €27,725 to €31,769
- Financial charges -€415
down €415 (-6.3%), from €6,578 to €6,163
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €528,708 | €493,467 | -€35,241 | -6.7% |
| Formation expenses | 20 | €41 | €0 | -€41 | -100.0% |
| Fixed assets | 21/28 | €459,014 | €436,706 | -€22,308 | -4.9% |
| Tangible fixed assets | 22/27 | €459,014 | €436,706 | -€22,308 | -4.9% |
| Land and buildings | 22 | €457,113 | €436,085 | -€21,028 | -4.6% |
| Plant, machinery and equipment | 23 | €1,901 | €621 | -€1,280 | -67.3% |
| Current assets | 29/58 | €69,653 | €56,761 | -€12,892 | -18.5% |
| Amounts receivable within one year | 40/41 | €27,850 | €28,327 | +€477 | +1.7% |
| Trade receivables | 40 | €4,000 | €4,000 | = | 0.0% |
| Other amounts receivable | 41 | €23,850 | €24,327 | +€477 | +2.0% |
| Cash at bank and in hand | 54/58 | €41,517 | €28,148 | -€13,369 | -32.2% |
| Deferred charges and accrued income | 490/1 | €287 | €287 | = | 0.0% |
| Total equity and liabilities | 10/49 | €528,708 | €493,467 | -€35,241 | -6.7% |
| Equity | 10/15 | €2,741 | €3,288 | +€547 | +19.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,175 | -€31,842 | +€1,333 | +4.0% |
| Investment grants | 15 | €15,916 | €15,130 | -€786 | -4.9% |
| Amounts payable | 17/49 | €525,967 | €490,180 | -€35,787 | -6.8% |
| Amounts payable after more than one year | 17 | €290,363 | €267,463 | -€22,900 | -7.9% |
| Financial debts | 170/4 | €290,363 | €267,463 | -€22,900 | -7.9% |
| Amounts payable within one year | 42/48 | €235,604 | €222,716 | -€12,887 | -5.5% |
| Current portion of amounts payable after more than one year | 42 | €22,435 | €22,900 | +€465 | +2.1% |
| Trade debts | 44 | €431 | €71 | -€360 | -83.5% |
| Suppliers | 440/4 | €431 | €71 | -€360 | -83.5% |
| Taxes, remuneration and social security | 45 | €1,736 | €1,544 | -€192 | -11.1% |
| Taxes | 450/3 | €1,736 | €1,544 | -€192 | -11.1% |
| Other amounts payable | 47/48 | €211,001 | €198,201 | -€12,800 | -6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,304 | €24,149 | -€155 | -0.6% |
| Other operating charges | 640/8 | €1,345 | €1,387 | +€43 | +3.2% |
| Gross operating margin | 9900 | €27,725 | €31,769 | +€4,043 | +14.6% |
| Operating profit (loss) | 9901 | €2,077 | €6,232 | +€4,155 | +200.1% |
| Financial income | 75/76B | €1,328 | €1,263 | -€65 | -4.9% |
| Recurring financial income | 75 | €1,328 | €1,263 | -€65 | -4.9% |
| Financial charges | 65/66B | €6,578 | €6,163 | -€415 | -6.3% |
| Recurring financial charges | 65 | €6,578 | €6,163 | -€415 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | -€3,173 | €1,333 | +€4,506 | |
| Profit (loss) for the period | 9904 | -€3,173 | €1,333 | +€4,506 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,173 | €1,333 | +€4,506 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.