VANHORENBEKE EXPERTISES: 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.
VANHORENBEKE EXPERTISES
Largest movements
- Tangible fixed assets -€11,220
down €11,220 (-7.1%), from €157,874 to €146,655
of which Land and buildings: -€11,462
- Current portion of long-term debt -€19,835
down €19,835 (-60.0%), from €33,060 to €13,224
- Debts after one year -€13,239
down €13,239 (-11.3%), from €117,033 to €103,794
- Tax, wage and social debts +€10,562
up €10,562 (+31.1%), from €33,920 to €44,482
of which Taxes: +€6,686
- Reserves +€8,007
up €8,007 (+5.2%), from €153,412 to €161,420
of which Distributable reserves: +€8,007
- Other debts +€6,225
up €6,225 (+194%), from €3,215 to €9,440
- Gross operating margin -€14,435
down €14,435 (-14.7%), from €98,149 to €83,714
- Financial charges -€7,959
down €7,959 (-53.5%), from €14,876 to €6,916
- Financial income -€5,925
down €5,925 (-100.0%), from €5,926 to €1
- Depreciation -€5,042
down €5,042 (-29.3%), from €17,218 to €12,176
- Other operating charges -€4,489
down €4,489 (-54.4%), from €8,253 to €3,763
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €374,697 | €365,354 | -€9,343 | -2.5% |
| Fixed assets | 21/28 | €157,953 | €146,734 | -€11,220 | -7.1% |
| Intangible fixed assets | 21 | €0 | €0 | -€0 | -100% |
| Tangible fixed assets | 22/27 | €157,874 | €146,655 | -€11,220 | -7.1% |
| Land and buildings | 22 | €156,637 | €145,175 | -€11,462 | -7.3% |
| Furniture and vehicles | 24 | €1,238 | €1,480 | +€242 | +19.6% |
| Financial fixed assets | 28 | €79 | €79 | = | 0.0% |
| Current assets | 29/58 | €216,744 | €218,620 | +€1,877 | +0.9% |
| Amounts receivable after more than one year | 29 | €195,000 | €195,000 | = | 0.0% |
| Trade receivables | 290 | - | €195,000 | +€195,000 | |
| Other amounts receivable | 291 | €195,000 | - | -€195,000 | |
| Amounts receivable within one year | 40/41 | €21,321 | €19,331 | -€1,990 | -9.3% |
| Trade receivables | 40 | €14,197 | €12,342 | -€1,855 | -13.1% |
| Other amounts receivable | 41 | €7,124 | €6,989 | -€135 | -1.9% |
| Cash at bank and in hand | 54/58 | €0 | €285 | +€285 | |
| Deferred charges and accrued income | 490/1 | €422 | €4,005 | +€3,582 | +848% |
| Total equity and liabilities | 10/49 | €374,697 | €365,354 | -€9,343 | -2.5% |
| Equity | 10/15 | €171,414 | €179,422 | +€8,007 | +4.7% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €153,412 | €161,420 | +€8,007 | +5.2% |
| Non-distributable reserves | 130/1 | €10,587 | €10,587 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,587 | €10,587 | = | 0.0% |
| Distributable reserves | 133 | €142,825 | €150,832 | +€8,007 | +5.6% |
| Profit (loss) carried forward | 14 | €17,502 | €17,502 | = | 0.0% |
| Amounts payable | 17/49 | €203,283 | €185,933 | -€17,350 | -8.5% |
| Amounts payable after more than one year | 17 | €117,033 | €103,794 | -€13,239 | -11.3% |
| Financial debts | 170/4 | €117,033 | €103,794 | -€13,239 | -11.3% |
| Amounts payable within one year | 42/48 | €86,249 | €82,139 | -€4,111 | -4.8% |
| Current portion of amounts payable after more than one year | 42 | €33,060 | €13,224 | -€19,835 | -60.0% |
| Financial debts | 43 | €7,122 | €10,532 | +€3,410 | +47.9% |
| Credit institutions | 430/8 | €7,122 | €10,532 | +€3,410 | +47.9% |
| Trade debts | 44 | €6,933 | €2,461 | -€4,472 | -64.5% |
| Suppliers | 440/4 | €6,933 | €2,461 | -€4,472 | -64.5% |
| Advances received on contracts in progress | 46 | €2,000 | €2,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €33,920 | €44,482 | +€10,562 | +31.1% |
| Taxes | 450/3 | €30,628 | €37,314 | +€6,686 | +21.8% |
| Remuneration and social security | 454/9 | €3,292 | €7,168 | +€3,876 | +118% |
| Other amounts payable | 47/48 | €3,215 | €9,440 | +€6,225 | +194% |
| Remuneration, social security and pensions | 62 | €28,901 | €32,860 | +€3,959 | +13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,218 | €12,176 | -€5,042 | -29.3% |
| Other operating charges | 640/8 | €8,253 | €3,763 | -€4,489 | -54.4% |
| Gross operating margin | 9900 | €98,149 | €83,714 | -€14,435 | -14.7% |
| Operating profit (loss) | 9901 | €43,777 | €34,915 | -€8,862 | -20.2% |
| Financial income | 75/76B | €5,926 | €1 | -€5,925 | -100.0% |
| Recurring financial income | 75 | €5,926 | €1 | -€5,925 | -100.0% |
| Financial charges | 65/66B | €14,876 | €6,916 | -€7,959 | -53.5% |
| Recurring financial charges | 65 | €14,876 | €6,916 | -€7,959 | -53.5% |
| Profit (loss) for the period before taxes | 9903 | €34,827 | €28,000 | -€6,828 | -19.6% |
| Income taxes | 67/77 | €14,064 | €10,056 | -€4,008 | -28.5% |
| Profit (loss) for the period | 9904 | €20,763 | €17,944 | -€2,819 | -13.6% |
| Profit (loss) for the period to be appropriated | 9905 | €20,763 | €17,944 | -€2,819 | -13.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.