VANHOUTTE CONSTRUCT: 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.
VANHOUTTE CONSTRUCT
Largest movements
- Receivables within one year +€42,173
up €42,173 (+319%), from €13,213 to €55,386
of which Trade receivables: +€33,711
- Tangible fixed assets -€17,120
down €17,120 (-2.7%), from €642,810 to €625,690
of which Land and buildings: -€24,781
- Stocks and contracts +€8,336
up €8,336 (+93.7%), from €8,899 to €17,235
- Cash -€8,244
down €8,244 (-76.8%), from €10,728 to €2,485
mainly Receivables within one year (-€42,173) and Investment in fixed assets (net) (-€23,640)
- Trade debts +€29,419
up €29,419 (+141%), from €20,926 to €50,345
- Other debts +€17,524
up €17,524 (+58.3%), from €30,069 to €47,593
- Debts after one year -€10,738
down €10,738 (-2.0%), from €530,299 to €519,561
- Staff costs +€20,295
new in 2025: €20,295
- Gross operating margin +€17,756
up €17,756 (+24.8%), from €71,678 to €89,434
- Depreciation +€12,043
up €12,043 (+41.9%), from €28,718 to €40,760
- Taxes -€5,619
down €5,619 (-97.9%), from €5,742 to €123
- Financial charges +€4,719
up €4,719 (+21.0%), from €22,456 to €27,175
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 | €675,651 | €702,813 | +€27,163 | +4.0% |
| Fixed assets | 21/28 | €642,810 | €625,690 | -€17,120 | -2.7% |
| Tangible fixed assets | 22/27 | €642,810 | €625,690 | -€17,120 | -2.7% |
| Land and buildings | 22 | €618,033 | €593,252 | -€24,781 | -4.0% |
| Plant, machinery and equipment | 23 | €2,671 | €12,654 | +€9,983 | +374% |
| Furniture and vehicles | 24 | €22,106 | €12,102 | -€10,004 | -45.3% |
| Leasing and similar rights | 25 | - | €7,682 | +€7,682 | |
| Current assets | 29/58 | €32,840 | €77,123 | +€44,283 | +135% |
| Stocks and contracts in progress | 3 | €8,899 | €17,235 | +€8,336 | +93.7% |
| Stocks | 30/36 | €8,899 | €17,235 | +€8,336 | +93.7% |
| Amounts receivable within one year | 40/41 | €13,213 | €55,386 | +€42,173 | +319% |
| Trade receivables | 40 | €8,182 | €41,893 | +€33,711 | +412% |
| Other amounts receivable | 41 | €5,031 | €13,493 | +€8,462 | +168% |
| Cash at bank and in hand | 54/58 | €10,728 | €2,485 | -€8,244 | -76.8% |
| Deferred charges and accrued income | 490/1 | - | €2,018 | +€2,018 | |
| Total equity and liabilities | 10/49 | €675,651 | €702,813 | +€27,163 | +4.0% |
| Equity | 10/15 | €46,001 | €42,248 | -€3,753 | -8.2% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €37,607 | €37,607 | = | 0.0% |
| Distributable reserves | 133 | €37,607 | €37,607 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,395 | -€2,358 | -€3,753 | |
| Amounts payable | 17/49 | €629,649 | €660,565 | +€30,916 | +4.9% |
| Amounts payable after more than one year | 17 | €530,299 | €519,561 | -€10,738 | -2.0% |
| Financial debts | 170/4 | €530,299 | €519,561 | -€10,738 | -2.0% |
| Amounts payable within one year | 42/48 | €99,350 | €138,286 | +€38,936 | +39.2% |
| Current portion of amounts payable after more than one year | 42 | €31,144 | €26,226 | -€4,918 | -15.8% |
| Financial debts | 43 | - | €595 | +€595 | |
| Credit institutions | 430/8 | - | €595 | +€595 | |
| Trade debts | 44 | €20,926 | €50,345 | +€29,419 | +141% |
| Suppliers | 440/4 | €20,926 | €50,345 | +€29,419 | +141% |
| Taxes, remuneration and social security | 45 | €17,211 | €13,528 | -€3,683 | -21.4% |
| Taxes | 450/3 | €15,211 | €7,164 | -€8,047 | -52.9% |
| Remuneration and social security | 454/9 | €2,000 | €6,363 | +€4,363 | +218% |
| Other amounts payable | 47/48 | €30,069 | €47,593 | +€17,524 | +58.3% |
| Accrued charges and deferred income | 492/3 | - | €2,718 | +€2,718 | |
| Remuneration, social security and pensions | 62 | - | €20,295 | +€20,295 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,718 | €40,760 | +€12,043 | +41.9% |
| Other operating charges | 640/8 | €2,187 | €4,841 | +€2,654 | +121% |
| Gross operating margin | 9900 | €71,678 | €89,434 | +€17,756 | +24.8% |
| Operating profit (loss) | 9901 | €40,773 | €23,537 | -€17,236 | -42.3% |
| Financial income | 75/76B | €25 | €8 | -€18 | -69.9% |
| Recurring financial income | 75 | €25 | €8 | -€18 | -69.9% |
| Financial charges | 65/66B | €22,456 | €27,175 | +€4,719 | +21.0% |
| Recurring financial charges | 65 | €22,456 | €27,175 | +€4,719 | +21.0% |
| Profit (loss) for the period before taxes | 9903 | €18,343 | -€3,630 | -€21,973 | |
| Income taxes | 67/77 | €5,742 | €123 | -€5,619 | -97.9% |
| Profit (loss) for the period | 9904 | €12,601 | -€3,753 | -€16,354 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,601 | -€3,753 | -€16,354 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.