VANHOOF PROJECTS: 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.
VANHOOF PROJECTS
Largest movements
- Receivables within one year +€13,096
up €13,096 (+717%), from €1,827 to €14,923
of which Trade receivables: +€8,070
- Tangible fixed assets -€9,027
down €9,027 (-45.9%), from €19,651 to €10,624
of which Furniture and vehicles: -€8,714
- Deferred charges and accrued income +€4,592
up €4,592 (+756%), from €607 to €5,199
- Cash -€1,753
down €1,753 (-20.8%), from €8,417 to €6,664
mainly Receivables within one year (-€13,096) and Debts after one year (-€5,607)
- Profit (loss) carried forward +€11,690
up €11,690, from -€5,374 to €6,316
- Debts after one year -€5,607
down €5,607 (-59.4%), from €9,436 to €3,829
- Other debts +€928
up €928 (+45.9%), from €2,022 to €2,950
- Gross operating margin +€6,922
up €6,922 (+63.0%), from €10,995 to €17,917
- Depreciation -€5,508
down €5,508 (-75.7%), from €7,278 to €1,771
- Taxes +€2,032
new in 2025: €2,032
- Other operating charges +€535
up €535 (+64.6%), from €828 to €1,363
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 | €30,502 | €37,410 | +€6,908 | +22.6% |
| Fixed assets | 21/28 | €19,651 | €10,624 | -€9,027 | -45.9% |
| Tangible fixed assets | 22/27 | €19,651 | €10,624 | -€9,027 | -45.9% |
| Plant, machinery and equipment | 23 | €935 | €623 | -€313 | -33.4% |
| Furniture and vehicles | 24 | €18,716 | €10,002 | -€8,714 | -46.6% |
| Current assets | 29/58 | €10,851 | €26,785 | +€15,935 | +147% |
| Amounts receivable within one year | 40/41 | €1,827 | €14,923 | +€13,096 | +717% |
| Trade receivables | 40 | €1,060 | €9,130 | +€8,070 | +761% |
| Other amounts receivable | 41 | €767 | €5,793 | +€5,026 | +656% |
| Cash at bank and in hand | 54/58 | €8,417 | €6,664 | -€1,753 | -20.8% |
| Deferred charges and accrued income | 490/1 | €607 | €5,199 | +€4,592 | +756% |
| Total equity and liabilities | 10/49 | €30,502 | €37,410 | +€6,908 | +22.6% |
| Equity | 10/15 | €10,931 | €22,621 | +€11,690 | +107% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €11,305 | €11,305 | = | 0.0% |
| Distributable reserves | 133 | €11,305 | €11,305 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,374 | €6,316 | +€11,690 | |
| Amounts payable | 17/49 | €19,571 | €14,789 | -€4,782 | -24.4% |
| Amounts payable after more than one year | 17 | €9,436 | €3,829 | -€5,607 | -59.4% |
| Financial debts | 170/4 | €9,436 | €3,829 | -€5,607 | -59.4% |
| Amounts payable within one year | 42/48 | €10,134 | €10,960 | +€826 | +8.1% |
| Current portion of amounts payable after more than one year | 42 | €5,448 | €5,607 | +€160 | +2.9% |
| Trade debts | 44 | €1,415 | €1,085 | -€330 | -23.3% |
| Suppliers | 440/4 | €1,415 | €1,085 | -€330 | -23.3% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €1,250 | €1,318 | +€68 | +5.4% |
| Taxes | 450/3 | €0 | €68 | +€68 | |
| Remuneration and social security | 454/9 | €1,250 | €1,250 | = | 0.0% |
| Other amounts payable | 47/48 | €2,022 | €2,950 | +€928 | +45.9% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,278 | €1,771 | -€5,508 | -75.7% |
| Other operating charges | 640/8 | €828 | €1,363 | +€535 | +64.6% |
| Non-recurring operating charges | 66A | - | €391 | +€391 | |
| Gross operating margin | 9900 | €10,995 | €17,917 | +€6,922 | +63.0% |
| Operating profit (loss) | 9901 | €2,889 | €14,392 | +€11,504 | +398% |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €671 | €671 | +€0 | 0.0% |
| Recurring financial charges | 65 | €671 | €671 | +€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €2,218 | €13,722 | +€11,504 | +519% |
| Income taxes | 67/77 | - | €2,032 | +€2,032 | |
| Profit (loss) for the period | 9904 | €2,218 | €11,690 | +€9,472 | +427% |
| Profit (loss) for the period to be appropriated | 9905 | €2,218 | €11,690 | +€9,472 | +427% |
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.