VANHOUTTE TRADING: 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 TRADING
Largest movements
- Current investments +€179,393
new in 2025: €179,393
- Stocks and contracts -€131,877
down €131,877 (-20.1%), from €655,864 to €523,987
- Receivables within one year +€61,283
up €61,283 (+37.3%), from €164,479 to €225,762
of which Other amounts receivable: +€55,074
- Tangible fixed assets -€31,922
down €31,922 (-27.0%), from €118,343 to €86,420
- Other debts +€541,075
up €541,075 (+70.5%), from €767,635 to €1.3m
- Reserves -€449,691
down €449,691 (-100%), from €449,691 to €0
- Gross operating margin -€105,593
down €105,593 (-24.0%), from €439,694 to €334,102
- Staff costs -€41,091
down €41,091 (-87.1%), from €47,197 to €6,106
- Taxes -€22,152
down €22,152 (-44.6%), from €49,658 to €27,507
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 | €1,728,822 | €1,820,098 | +€91,276 | +5.3% |
| Fixed assets | 21/28 | €118,478 | €86,555 | -€31,922 | -26.9% |
| Tangible fixed assets | 22/27 | €118,343 | €86,420 | -€31,922 | -27.0% |
| Furniture and vehicles | 24 | €118,343 | €86,420 | -€31,922 | -27.0% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €1,610,344 | €1,733,542 | +€123,198 | +7.7% |
| Stocks and contracts in progress | 3 | €655,864 | €523,987 | -€131,877 | -20.1% |
| Stocks | 30/36 | €655,864 | €523,987 | -€131,877 | -20.1% |
| Amounts receivable within one year | 40/41 | €164,479 | €225,762 | +€61,283 | +37.3% |
| Trade receivables | 40 | €71,310 | €77,519 | +€6,209 | +8.7% |
| Other amounts receivable | 41 | €93,169 | €148,243 | +€55,074 | +59.1% |
| Current investments | 50/53 | - | €179,393 | +€179,393 | |
| Cash at bank and in hand | 54/58 | €780,202 | €797,204 | +€17,002 | +2.2% |
| Deferred charges and accrued income | 490/1 | €9,799 | €7,197 | -€2,602 | -26.6% |
| Total equity and liabilities | 10/49 | €1,728,822 | €1,820,098 | +€91,276 | +5.3% |
| Equity | 10/15 | €549,691 | €100,000 | -€449,691 | -81.8% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €449,691 | €0 | -€449,691 | -100% |
| Distributable reserves | 133 | €449,691 | €0 | -€449,691 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,179,131 | €1,720,098 | +€540,967 | +45.9% |
| Amounts payable after more than one year | 17 | €130,000 | €130,000 | = | 0.0% |
| Financial debts | 170/4 | €130,000 | €130,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,047,568 | €1,590,098 | +€542,530 | +51.8% |
| Trade debts | 44 | €278,619 | €279,730 | +€1,111 | +0.4% |
| Suppliers | 440/4 | €278,619 | €279,730 | +€1,111 | +0.4% |
| Taxes, remuneration and social security | 45 | €1,314 | €1,658 | +€344 | +26.2% |
| Taxes | 450/3 | €1,314 | €1,658 | +€344 | +26.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €767,635 | €1,308,709 | +€541,075 | +70.5% |
| Accrued charges and deferred income | 492/3 | €1,563 | €0 | -€1,563 | -100% |
| Remuneration, social security and pensions | 62 | €47,197 | €6,106 | -€41,091 | -87.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,070 | €31,922 | -€147 | -0.5% |
| Other operating charges | 640/8 | €3,764 | €2,724 | -€1,040 | -27.6% |
| Gross operating margin | 9900 | €439,694 | €334,102 | -€105,593 | -24.0% |
| Operating profit (loss) | 9901 | €356,664 | €293,349 | -€63,315 | -17.8% |
| Financial income | 75/76B | €0 | €2,913 | +€2,912 | +808,931% |
| Recurring financial income | 75 | €0 | €2,913 | +€2,912 | +808,931% |
| Financial charges | 65/66B | €60,266 | €57,845 | -€2,421 | -4.0% |
| Recurring financial charges | 65 | €60,266 | €57,845 | -€2,421 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | €296,398 | €238,417 | -€57,981 | -19.6% |
| Income taxes | 67/77 | €49,658 | €27,507 | -€22,152 | -44.6% |
| Profit (loss) for the period | 9904 | €246,740 | €210,910 | -€35,830 | -14.5% |
| Profit (loss) for the period to be appropriated | 9905 | €246,740 | €210,910 | -€35,830 | -14.5% |
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.