VANHOUTTE MATHIEU: what changed
Two fiscal 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 MATHIEU
Largest movements
- Receivables within one year +€6,403
up €6,403 (+1512.0%), from €424 to €6,827
of which Trade receivables: +€4,997
- Tangible fixed assets +€1,021
new in 2025: €1,021
- Cash +€437
up €437 (+4.2%), from €10,460 to €10,897
mainly Net result for the year (+€4,251) and Other debts (+€3,600)
- Profit (loss) carried forward +€4,251
up €4,251 (+85.0%), from -€5,004 to -€753
- Other debts +€3,600
up €3,600 (+38.3%), from €9,391 to €12,991
- Gross operating margin +€4,842
up €4,842 (+581.0%), from €833 to €5,675
- Taxes +€625
new in 2025: €625
- Depreciation +€185
new in 2025: €185
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.
Cash bridge derived
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 | €10,884 | €18,745 | +€7,861 | +72.2% |
| Fixed assets | 21/28 | - | €1,021 | +€1,021 | |
| Tangible fixed assets | 22/27 | - | €1,021 | +€1,021 | |
| Furniture and vehicles | 24 | - | €1,021 | +€1,021 | |
| Current assets | 29/58 | €10,884 | €17,724 | +€6,841 | +62.9% |
| Amounts receivable within one year | 40/41 | €424 | €6,827 | +€6,403 | +1512.0% |
| Trade receivables | 40 | €424 | €5,420 | +€4,997 | +1179.9% |
| Other amounts receivable | 41 | - | €1,407 | +€1,407 | |
| Cash at bank and in hand | 54/58 | €10,460 | €10,897 | +€437 | +4.2% |
| Total equity and liabilities | 10/49 | €10,884 | €18,745 | +€7,861 | +72.2% |
| Equity | 10/15 | €1,159 | €5,410 | +€4,251 | +366.6% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €163 | €163 | = | 0.0% |
| Distributable reserves | 133 | €163 | €163 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,004 | -€753 | +€4,251 | +85.0% |
| Amounts payable | 17/49 | €9,724 | €13,335 | +€3,610 | +37.1% |
| Amounts payable within one year | 42/48 | €9,724 | €13,335 | +€3,610 | +37.1% |
| Trade debts | 44 | €290 | €343 | +€53 | +18.1% |
| Suppliers | 440/4 | €290 | €343 | +€53 | +18.1% |
| Taxes, remuneration and social security | 45 | €42 | - | -€42 | |
| Taxes | 450/3 | €42 | - | -€42 | |
| Other amounts payable | 47/48 | €9,391 | €12,991 | +€3,600 | +38.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €185 | +€185 | |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | €833 | €5,675 | +€4,842 | +581.0% |
| Operating profit (loss) | 9901 | €306 | €4,947 | +€4,641 | +1518.7% |
| Financial charges | 65/66B | €69 | €71 | +€2 | +2.7% |
| Recurring financial charges | 65 | €69 | €71 | +€2 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | €237 | €4,876 | +€4,639 | +1961.3% |
| Income taxes | 67/77 | - | €625 | +€625 | |
| Profit (loss) for the period | 9904 | €237 | €4,251 | +€4,014 | +1697.2% |
| Profit (loss) for the period to be appropriated | 9905 | €237 | €4,251 | +€4,014 | +1697.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.