VANHOUT: 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.
VANHOUT
Largest movements
- Current investments +€7,252
up €7,252 (+12.5%), from €58,019 to €65,271
- Tangible fixed assets -€3,250
down €3,250 (-33.6%), from €9,660 to €6,409
of which Furniture and vehicles: -€2,375
- Receivables within one year +€2,352
up €2,352 (+32.7%), from €7,196 to €9,548
of which Trade receivables: +€2,820
- Cash -€1,587
down €1,587 (-23.3%), from €6,818 to €5,232
mainly Current investments (-€7,252) and Receivables within one year (-€2,352)
- Deferred charges and accrued income +€1,314
up €1,314 (+156.6%), from €839 to €2,153
- Trade debts +€5,003
up €5,003 (+245.1%), from €2,041 to €7,045
- Reserves +€2,041
up €2,041 (+3.7%), from €54,794 to €56,835
- Gross operating margin -€5,770
down €5,770 (-41.2%), from €14,008 to €8,237
- Taxes -€1,411
down €1,411 (-56.3%), from €2,509 to €1,098
- Depreciation -€267
down €267 (-7.6%), from €3,517 to €3,250
From the 2025 result to the 2026 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.
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €82,532 | €88,613 | +€6,081 | +7.4% |
| Fixed assets | 21/28 | €9,660 | €6,409 | -€3,250 | -33.6% |
| Tangible fixed assets | 22/27 | €9,660 | €6,409 | -€3,250 | -33.6% |
| Plant, machinery and equipment | 23 | €2,911 | €2,036 | -€875 | -30.1% |
| Furniture and vehicles | 24 | €6,749 | €4,374 | -€2,375 | -35.2% |
| Current assets | 29/58 | €72,872 | €82,203 | +€9,331 | +12.8% |
| Amounts receivable within one year | 40/41 | €7,196 | €9,548 | +€2,352 | +32.7% |
| Trade receivables | 40 | €6,118 | €8,938 | +€2,820 | +46.1% |
| Other amounts receivable | 41 | €1,078 | €610 | -€468 | -43.4% |
| Current investments | 50/53 | €58,019 | €65,271 | +€7,252 | +12.5% |
| Cash at bank and in hand | 54/58 | €6,818 | €5,232 | -€1,587 | -23.3% |
| Deferred charges and accrued income | 490/1 | €839 | €2,153 | +€1,314 | +156.6% |
| Total equity and liabilities | 10/49 | €82,532 | €88,613 | +€6,081 | +7.4% |
| Equity | 10/15 | €73,394 | €75,435 | +€2,041 | +2.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €54,794 | €56,835 | +€2,041 | +3.7% |
| Distributable reserves | 133 | €54,794 | €56,835 | +€2,041 | +3.7% |
| Amounts payable | 17/49 | €9,138 | €13,178 | +€4,041 | +44.2% |
| Amounts payable within one year | 42/48 | €8,899 | €12,994 | +€4,096 | +46.0% |
| Trade debts | 44 | €2,041 | €7,045 | +€5,003 | +245.1% |
| Suppliers | 440/4 | €2,041 | €7,045 | +€5,003 | +245.1% |
| Taxes, remuneration and social security | 45 | €4,626 | €4,216 | -€410 | -8.9% |
| Taxes | 450/3 | €3,026 | €2,616 | -€410 | -13.5% |
| Remuneration and social security | 454/9 | €1,600 | €1,600 | = | 0.0% |
| Other amounts payable | 47/48 | €2,231 | €1,733 | -€498 | -22.3% |
| Accrued charges and deferred income | 492/3 | €239 | €184 | -€55 | -23.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,517 | €3,250 | -€267 | -7.6% |
| Other operating charges | 640/8 | €1,434 | €1,317 | -€116 | -8.1% |
| Gross operating margin | 9900 | €14,008 | €8,237 | -€5,770 | -41.2% |
| Operating profit (loss) | 9901 | €9,057 | €3,670 | -€5,387 | -59.5% |
| Financial income | 75/76B | €304 | €360 | +€56 | +18.3% |
| Recurring financial income | 75 | €304 | €360 | +€56 | +18.3% |
| Financial charges | 65/66B | €62 | €58 | -€4 | -6.0% |
| Recurring financial charges | 65 | €62 | €58 | -€4 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | €9,299 | €3,971 | -€5,328 | -57.3% |
| Income taxes | 67/77 | €2,509 | €1,098 | -€1,411 | -56.3% |
| Profit (loss) for the period | 9904 | €6,790 | €2,874 | -€3,916 | -57.7% |
| Profit (loss) for the period to be appropriated | 9905 | €6,790 | €2,874 | -€3,916 | -57.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.