VANHOFFELEN: 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.
VANHOFFELEN
Largest movements
- Receivables within one year +€84,669
up €84,669 (+34.1%), from €248,510 to €333,180
of which Trade receivables: +€64,288
- Stocks and contracts +€45,638
up €45,638 (+88.1%), from €51,827 to €97,465
- Cash -€29,922
down €29,922 (-10.7%), from €279,116 to €249,194
mainly Receivables within one year (-€84,669) and Stocks and contracts (-€45,638)
- Trade debts +€41,446
up €41,446 (+537.9%), from €7,705 to €49,151
- Reserves +€40,923
up €40,923 (+7.7%), from €529,456 to €570,379
of which Distributable reserves: +€40,923
- Other debts +€9,500
new in 2025: €9,500
- Write-downs -€46,702
down €46,702 (-100.0%), from €46,702 to €0
- Taxes +€12,297
up €12,297 (+176.4%), from €6,971 to €19,268
- Gross operating margin +€1,399
up €1,399 (+1.9%), from €72,589 to €73,989
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 | €604,700 | €703,434 | +€98,734 | +16.3% |
| Fixed assets | 21/28 | €21,742 | €19,728 | -€2,013 | -9.3% |
| Intangible fixed assets | 21 | €60 | €0 | -€60 | -100.0% |
| Tangible fixed assets | 22/27 | €21,682 | €19,728 | -€1,954 | -9.0% |
| Land and buildings | 22 | €921 | €819 | -€102 | -11.1% |
| Plant, machinery and equipment | 23 | €17,148 | €16,574 | -€574 | -3.3% |
| Furniture and vehicles | 24 | €3,613 | €2,335 | -€1,277 | -35.4% |
| Current assets | 29/58 | €582,959 | €683,706 | +€100,747 | +17.3% |
| Stocks and contracts in progress | 3 | €51,827 | €97,465 | +€45,638 | +88.1% |
| Stocks | 30/36 | €51,827 | €97,465 | +€45,638 | +88.1% |
| Amounts receivable within one year | 40/41 | €248,510 | €333,180 | +€84,669 | +34.1% |
| Trade receivables | 40 | €212,815 | €277,103 | +€64,288 | +30.2% |
| Other amounts receivable | 41 | €35,695 | €56,077 | +€20,381 | +57.1% |
| Cash at bank and in hand | 54/58 | €279,116 | €249,194 | -€29,922 | -10.7% |
| Deferred charges and accrued income | 490/1 | €3,506 | €3,867 | +€361 | +10.3% |
| Total equity and liabilities | 10/49 | €604,700 | €703,434 | +€98,734 | +16.3% |
| Equity | 10/15 | €591,285 | €632,208 | +€40,923 | +6.9% |
| Contributions | 10/11 | €12,395 | €12,395 | = | 0.0% |
| Reserves | 13 | €529,456 | €570,379 | +€40,923 | +7.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €529,456 | €570,379 | +€40,923 | +7.7% |
| Profit (loss) carried forward | 14 | €49,434 | €49,434 | = | 0.0% |
| Amounts payable | 17/49 | €13,415 | €71,226 | +€57,811 | +430.9% |
| Amounts payable within one year | 42/48 | €13,415 | €71,226 | +€57,811 | +430.9% |
| Financial debts | 43 | €0 | €218 | +€218 | |
| Credit institutions | 430/8 | €0 | €218 | +€218 | |
| Trade debts | 44 | €7,705 | €49,151 | +€41,446 | +537.9% |
| Suppliers | 440/4 | €7,705 | €49,151 | +€41,446 | +537.9% |
| Taxes, remuneration and social security | 45 | €5,710 | €12,357 | +€6,646 | +116.4% |
| Taxes | 450/3 | €5,710 | €12,357 | +€6,646 | +116.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | - | €9,500 | +€9,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,347 | €2,013 | -€334 | -14.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €46,702 | €0 | -€46,702 | -100.0% |
| Other operating charges | 640/8 | €910 | €928 | +€18 | +2.0% |
| Gross operating margin | 9900 | €72,589 | €73,989 | +€1,399 | +1.9% |
| Operating profit (loss) | 9901 | €22,631 | €71,048 | +€48,417 | +213.9% |
| Financial income | 75/76B | €172 | €582 | +€409 | +237.6% |
| Recurring financial income | 75 | €172 | €582 | +€409 | +237.6% |
| Financial charges | 65/66B | €1,387 | €1,438 | +€51 | +3.7% |
| Recurring financial charges | 65 | €1,387 | €1,438 | +€51 | +3.7% |
| Profit (loss) for the period before taxes | 9903 | €21,416 | €70,191 | +€48,775 | +227.7% |
| Income taxes | 67/77 | €6,971 | €19,268 | +€12,297 | +176.4% |
| Profit (loss) for the period | 9904 | €14,445 | €50,923 | +€36,478 | +252.5% |
| Profit (loss) for the period to be appropriated | 9905 | €14,445 | €50,923 | +€36,478 | +252.5% |
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 12 October 2026 via checked.be.