VANHOLLEBEKE TECHNICS: 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.
VANHOLLEBEKE TECHNICS
Largest movements
- Tangible fixed assets +€69,225
up €69,225 (+19.2%), from €360,600 to €429,824
of which Furniture and vehicles: +€70,031
- Stocks and contracts +€49,221
up €49,221 (+71.6%), from €68,697 to €117,917
of which Stocks: +€30,474
- Receivables within one year +€13,536
up €13,536 (+23.2%), from €58,375 to €71,911
of which Trade receivables: +€8,215
- Cash -€12,758
down €12,758 (-46.8%), from €27,261 to €14,503
mainly Investment in fixed assets (net) (-€113,887) and Contributions, distributions and other (-€100,000)
- Profit (loss) carried forward -€81,866
down €81,866 (-45.0%), from €181,982 to €100,116
- Trade debts +€78,107
up €78,107 (+207%), from €37,699 to €115,807
- Other debts +€72,002
up €72,002 (+242%), from €29,750 to €101,752
- Debts after one year +€31,550
up €31,550 (+13.2%), from €239,059 to €270,609
- Tax, wage and social debts +€13,084
up €13,084 (+635%), from €2,059 to €15,144
- Depreciation +€13,681
up €13,681 (+44.2%), from €30,982 to €44,662
- Staff costs +€2,879
new in 2025: €2,879
- Financial charges +€2,797
up €2,797 (+28.9%), from €9,689 to €12,486
- Taxes -€2,686
down €2,686 (-32.1%), from €8,369 to €5,683
- Gross operating margin -€1,845
down €1,845 (-2.1%), from €87,410 to €85,565
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 | €517,669 | €641,245 | +€123,576 | +23.9% |
| Fixed assets | 21/28 | €360,600 | €429,824 | +€69,225 | +19.2% |
| Tangible fixed assets | 22/27 | €360,600 | €429,824 | +€69,225 | +19.2% |
| Land and buildings | 22 | €298,900 | €288,330 | -€10,570 | -3.5% |
| Plant, machinery and equipment | 23 | €24,845 | €34,609 | +€9,764 | +39.3% |
| Furniture and vehicles | 24 | €36,854 | €106,885 | +€70,031 | +190% |
| Current assets | 29/58 | €157,070 | €211,421 | +€54,351 | +34.6% |
| Stocks and contracts in progress | 3 | €68,697 | €117,917 | +€49,221 | +71.6% |
| Stocks | 30/36 | €39,226 | €69,700 | +€30,474 | +77.7% |
| Contracts in progress | 37 | €29,471 | €48,217 | +€18,746 | +63.6% |
| Amounts receivable within one year | 40/41 | €58,375 | €71,911 | +€13,536 | +23.2% |
| Trade receivables | 40 | €31,044 | €39,259 | +€8,215 | +26.5% |
| Other amounts receivable | 41 | €27,331 | €32,652 | +€5,321 | +19.5% |
| Cash at bank and in hand | 54/58 | €27,261 | €14,503 | -€12,758 | -46.8% |
| Deferred charges and accrued income | 490/1 | €2,738 | €7,090 | +€4,352 | +159% |
| Total equity and liabilities | 10/49 | €517,669 | €641,245 | +€123,576 | +23.9% |
| Equity | 10/15 | €183,982 | €102,116 | -€81,866 | -44.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €181,982 | €100,116 | -€81,866 | -45.0% |
| Amounts payable | 17/49 | €333,687 | €539,129 | +€205,441 | +61.6% |
| Amounts payable after more than one year | 17 | €239,059 | €270,609 | +€31,550 | +13.2% |
| Financial debts | 170/4 | €239,059 | €270,609 | +€31,550 | +13.2% |
| Amounts payable within one year | 42/48 | €94,628 | €268,520 | +€173,891 | +184% |
| Current portion of amounts payable after more than one year | 42 | €25,120 | €35,818 | +€10,698 | +42.6% |
| Trade debts | 44 | €37,699 | €115,807 | +€78,107 | +207% |
| Suppliers | 440/4 | €37,699 | €115,807 | +€78,107 | +207% |
| Taxes, remuneration and social security | 45 | €2,059 | €15,144 | +€13,084 | +635% |
| Taxes | 450/3 | €2,059 | €15,144 | +€13,084 | +635% |
| Other amounts payable | 47/48 | €29,750 | €101,752 | +€72,002 | +242% |
| Remuneration, social security and pensions | 62 | - | €2,879 | +€2,879 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,982 | €44,662 | +€13,681 | +44.2% |
| Other operating charges | 640/8 | €1,825 | €1,721 | -€104 | -5.7% |
| Gross operating margin | 9900 | €87,410 | €85,565 | -€1,845 | -2.1% |
| Operating profit (loss) | 9901 | €54,604 | €36,302 | -€18,302 | -33.5% |
| Financial income | 75/76B | €114 | €1 | -€113 | -98.7% |
| Recurring financial income | 75 | €114 | €1 | -€113 | -98.7% |
| Financial charges | 65/66B | €9,689 | €12,486 | +€2,797 | +28.9% |
| Recurring financial charges | 65 | €9,689 | €12,486 | +€2,797 | +28.9% |
| Profit (loss) for the period before taxes | 9903 | €45,029 | €23,818 | -€21,211 | -47.1% |
| Income taxes | 67/77 | €8,369 | €5,683 | -€2,686 | -32.1% |
| Profit (loss) for the period | 9904 | €36,659 | €18,134 | -€18,525 | -50.5% |
| Profit (loss) for the period to be appropriated | 9905 | €36,659 | €18,134 | -€18,525 | -50.5% |
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 26 October 2026 via checked.be.