VANHOLE - REYGAERT: 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.
VANHOLE - REYGAERT
Largest movements
- Tangible fixed assets -€76,431
down €76,431 (-4.6%), from €1.7m to €1.6m
of which Land and buildings: -€60,372
- Debts after one year -€105,377
down €105,377 (-8.5%), from €1.2m to €1.1m
- Profit (loss) carried forward +€22,883
up €22,883 (+123%), from €18,657 to €41,540
- Depreciation -€22,847
down €22,847 (-19.6%), from €116,280 to €93,434
- Gross operating margin -€8,340
down €8,340 (-5.2%), from €159,035 to €150,695
- Financial charges -€5,033
down €5,033 (-14.4%), from €35,025 to €29,993
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 | €1,720,766 | €1,637,148 | -€83,618 | -4.9% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €1,661,807 | €1,585,375 | -€76,431 | -4.6% |
| Tangible fixed assets | 22/27 | €1,661,807 | €1,585,375 | -€76,431 | -4.6% |
| Land and buildings | 22 | €1,585,347 | €1,524,976 | -€60,372 | -3.8% |
| Plant, machinery and equipment | 23 | €65,284 | €54,288 | -€10,996 | -16.8% |
| Furniture and vehicles | 24 | €11,175 | €6,111 | -€5,064 | -45.3% |
| Current assets | 29/58 | €58,959 | €51,773 | -€7,187 | -12.2% |
| Amounts receivable within one year | 40/41 | €47,869 | €50,025 | +€2,156 | +4.5% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €47,869 | €50,025 | +€2,156 | +4.5% |
| Cash at bank and in hand | 54/58 | €11,090 | €1,748 | -€9,342 | -84.2% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,720,766 | €1,637,148 | -€83,618 | -4.9% |
| Equity | 10/15 | €37,257 | €60,140 | +€22,883 | +61.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,657 | €41,540 | +€22,883 | +123% |
| Amounts payable | 17/49 | €1,683,509 | €1,577,008 | -€106,501 | -6.3% |
| Amounts payable after more than one year | 17 | €1,235,643 | €1,130,266 | -€105,377 | -8.5% |
| Financial debts | 170/4 | €1,235,643 | €1,130,266 | -€105,377 | -8.5% |
| Amounts payable within one year | 42/48 | €447,169 | €446,045 | -€1,125 | -0.3% |
| Current portion of amounts payable after more than one year | 42 | €102,917 | €105,377 | +€2,459 | +2.4% |
| Trade debts | 44 | €7,931 | €5,455 | -€2,475 | -31.2% |
| Suppliers | 440/4 | €7,931 | €5,455 | -€2,475 | -31.2% |
| Taxes, remuneration and social security | 45 | €2,132 | €2,132 | = | 0.0% |
| Taxes | 450/3 | €2,132 | €2,132 | = | 0.0% |
| Other amounts payable | 47/48 | €334,189 | €333,081 | -€1,108 | -0.3% |
| Accrued charges and deferred income | 492/3 | €697 | €697 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €116,280 | €93,434 | -€22,847 | -19.6% |
| Other operating charges | 640/8 | €4,496 | €4,385 | -€111 | -2.5% |
| Gross operating margin | 9900 | €159,035 | €150,695 | -€8,340 | -5.2% |
| Operating profit (loss) | 9901 | €38,259 | €52,876 | +€14,618 | +38.2% |
| Financial charges | 65/66B | €35,025 | €29,993 | -€5,033 | -14.4% |
| Recurring financial charges | 65 | €35,025 | €29,993 | -€5,033 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | €3,233 | €22,883 | +€19,650 | +608% |
| Profit (loss) for the period | 9904 | €3,233 | €22,883 | +€19,650 | +608% |
| Profit (loss) for the period to be appropriated | 9905 | €3,233 | €22,883 | +€19,650 | +608% |
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 28 October 2026 via checked.be.