Vanhollebeke: what changed
What changed
Vanhollebeke
NACE 43.222, Installation of electric heating, air conditioning, cooling and ventilation
filed annual accounts (NBB)
Net result for the year
€68,131
2024 · €118,344-€50,213
Equity
€187,085
2024 · €118,954+€68,131
Cash
€82,384
2024 · €96,624-€14,240
Balance sheet total
€513,535
2024 · €471,415+€42,120
Largest movements
Assets
- Receivables within one year +€75,427
up €75,427 (+36.4%), from €207,127 to €282,554
of which Trade receivables: +€77,179
- Stocks and contracts -€24,648
down €24,648 (-15.2%), from €162,215 to €137,567
of which Contracts in progress: -€19,957
- Cash -€14,240
down €14,240 (-14.7%), from €96,624 to €82,384
mainly Current portion of long-term debt (-€150,000) and Receivables within one year (-€75,427)
- Deferred charges and accrued income +€5,555
up €5,555 (+241%), from €2,306 to €7,861
Equity and liabilities
- Current portion of long-term debt -€150,000
down €150,000 (-100%), from €150,000 to €0
- Short-term financial debts +€150,000
new in 2025: €150,000
- Reserves +€48,884
up €48,884 (+343%), from €14,254 to €63,138
of which Distributable reserves: +€48,884
- Tax, wage and social debts -€23,887
down €23,887 (-54.0%), from €44,216 to €20,329
of which Remuneration and social security: -€18,629
- Profit (loss) carried forward +€19,247
up €19,247, from -€19,247 to €0
Income statement
- Gross operating margin -€142,093
down €142,093 (-23.0%), from €617,955 to €475,862
- Staff costs -€93,258
down €93,258 (-20.2%), from €462,183 to €368,925
- Financial income -€7,633
down €7,633 (-89.1%), from €8,569 to €937
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€118,344
Gross operating margin
-€142,093
Staff costs
+€93,258
Depreciation
+€1,447
Write-downs
+€319
Other operating charges
-€5,598
Other operating items
+€12,887
Financial income
-€7,633
Financial charges
-€2,685
Taxes
-€115
Result 2025
€68,131
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€12,467
Investment
-€1,773
Financing
€0
Cash 2024
€96,624
From operations (derived)
-€12,467
Net result for the year
+€68,131
Depreciation
+€1,747
Stocks and contracts
+€24,648
Receivables within one year
-€75,427
Deferred charges and accrued income
-€5,555
Trade debts
+€15,997
Tax, wage and social debts
-€23,887
Other debts
-€18,121
Investment (derived)
-€1,773
Investment in fixed assets (net)
-€1,773
Financing
€0
Current portion of long-term debt
-€150,000
Short-term financial debts
+€150,000
Cash 2025
€82,384
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €471,415 | €513,535 | +€42,120 | +8.9% |
| Fixed assets | 21/28 | €3,143 | €3,168 | +€25 | +0.8% |
| Tangible fixed assets | 22/27 | €2,647 | €2,672 | +€25 | +1.0% |
| Plant, machinery and equipment | 23 | €1,324 | €751 | -€573 | -43.3% |
| Furniture and vehicles | 24 | €1,091 | €1,827 | +€736 | +67.5% |
| Other tangible fixed assets | 26 | €233 | €95 | -€138 | -59.2% |
| Financial fixed assets | 28 | €496 | €496 | = | 0.0% |
| Current assets | 29/58 | €468,272 | €510,367 | +€42,094 | +9.0% |
| Stocks and contracts in progress | 3 | €162,215 | €137,567 | -€24,648 | -15.2% |
| Stocks | 30/36 | €54,715 | €50,024 | -€4,691 | -8.6% |
| Contracts in progress | 37 | €107,500 | €87,543 | -€19,957 | -18.6% |
| Amounts receivable within one year | 40/41 | €207,127 | €282,554 | +€75,427 | +36.4% |
| Trade receivables | 40 | €193,351 | €270,530 | +€77,179 | +39.9% |
| Other amounts receivable | 41 | €13,777 | €12,024 | -€1,752 | -12.7% |
| Cash at bank and in hand | 54/58 | €96,624 | €82,384 | -€14,240 | -14.7% |
| Deferred charges and accrued income | 490/1 | €2,306 | €7,861 | +€5,555 | +241% |
| Total equity and liabilities | 10/49 | €471,415 | €513,535 | +€42,120 | +8.9% |
| Equity | 10/15 | €118,954 | €187,085 | +€68,131 | +57.3% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €14,254 | €63,138 | +€48,884 | +343% |
| Tax-exempt reserves | 132 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €12,395 | €61,279 | +€48,884 | +394% |
| Profit (loss) carried forward | 14 | -€19,247 | €0 | +€19,247 | |
| Amounts payable | 17/49 | €352,461 | €326,450 | -€26,011 | -7.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €352,461 | €326,450 | -€26,011 | -7.4% |
| Current portion of amounts payable after more than one year | 42 | €150,000 | €0 | -€150,000 | -100% |
| Financial debts | 43 | - | €150,000 | +€150,000 | |
| Credit institutions | 430/8 | - | €150,000 | +€150,000 | |
| Trade debts | 44 | €139,124 | €155,121 | +€15,997 | +11.5% |
| Suppliers | 440/4 | €139,124 | €155,121 | +€15,997 | +11.5% |
| Advances received on contracts in progress | 46 | €1,000 | €1,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €44,216 | €20,329 | -€23,887 | -54.0% |
| Taxes | 450/3 | €6,933 | €1,676 | -€5,258 | -75.8% |
| Remuneration and social security | 454/9 | €37,283 | €18,654 | -€18,629 | -50.0% |
| Other amounts payable | 47/48 | €18,121 | €0 | -€18,121 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €462,183 | €368,925 | -€93,258 | -20.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,194 | €1,747 | -€1,447 | -45.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,816 | €6,497 | -€319 | -4.7% |
| Other operating charges | 640/8 | €12,555 | €18,153 | +€5,598 | +44.6% |
| Non-recurring operating charges | 66A | €12,887 | €0 | -€12,887 | -100% |
| Gross operating margin | 9900 | €617,955 | €475,862 | -€142,093 | -23.0% |
| Operating profit (loss) | 9901 | €120,320 | €80,539 | -€39,781 | -33.1% |
| Financial income | 75/76B | €8,569 | €937 | -€7,633 | -89.1% |
| Recurring financial income | 75 | €8,569 | €937 | -€7,633 | -89.1% |
| Financial charges | 65/66B | €10,545 | €13,230 | +€2,685 | +25.5% |
| Recurring financial charges | 65 | €10,545 | €13,230 | +€2,685 | +25.5% |
| Profit (loss) for the period before taxes | 9903 | €118,344 | €68,246 | -€50,098 | -42.3% |
| Income taxes | 67/77 | €0 | €115 | +€115 | |
| Profit (loss) for the period | 9904 | €118,344 | €68,131 | -€50,213 | -42.4% |
| Profit (loss) for the period to be appropriated | 9905 | €118,344 | €68,131 | -€50,213 | -42.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.