VANHOUTTEGHEM: what changed
What changed
VANHOUTTEGHEM
NACE 43.990, Other specialised construction activities
filed annual accounts (NBB)
Net result for the year
€16,398
2024 · €6,042+€10,356
Equity
€148,668
2024 · €133,988+€14,680
Cash
€140,513
2024 · €29,821+€110,692
Balance sheet total
€766,261
2024 · €710,384+€55,877
Largest movements
Assets
- Cash +€110,692
up €110,692 (+371%), from €29,821 to €140,513
mainly Depreciation (+€93,957) and Trade debts (+€73,976)
- Tangible fixed assets -€93,957
down €93,957 (-20.0%), from €470,873 to €376,915
of which Plant, machinery and equipment: -€46,987
- Receivables within one year +€32,449
up €32,449 (+100%), from €32,320 to €64,769
of which Trade receivables: +€25,073
Equity and liabilities
- Trade debts +€73,976
up €73,976 (+80.7%), from €91,674 to €165,651
- Debts after one year -€31,631
down €31,631 (-10.9%), from €290,827 to €259,196
- Profit (loss) carried forward +€8,811
no longer reported in 2025 (was -€8,811)
Income statement
- Gross operating margin +€25,273
up €25,273 (+5.8%), from €434,607 to €459,881
- Staff costs +€14,346
up €14,346 (+4.6%), from €311,050 to €325,396
- Taxes +€4,976
up €4,976 (+642%), from €775 to €5,750
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€6,042
Gross operating margin
+€25,273
Staff costs
-€14,346
Depreciation
-€321
Other operating charges
+€3,305
Financial income
-€1,378
Financial charges
+€2,797
Taxes
-€4,976
Result 2025
€16,398
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€144,528
Investment
€0
Financing
-€33,837
Cash 2024
€29,821
From operations (derived)
+€144,528
Net result for the year
+€16,398
Depreciation
+€93,957
Stocks and contracts
-€6,346
Receivables within one year
-€32,449
Deferred charges and accrued income
-€347
Trade debts
+€73,976
Tax, wage and social debts
+€4,127
Other debts
+€1,229
Accrued charges and deferred income
-€6,017
Financing
-€33,837
Debts after one year
-€31,631
Current portion of long-term debt
-€487
Contributions, distributions and other
-€1,718
Cash 2025
€140,513
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €710,384 | €766,261 | +€55,877 | +7.9% |
| Fixed assets | 21/28 | €471,871 | €377,914 | -€93,957 | -19.9% |
| Tangible fixed assets | 22/27 | €470,873 | €376,915 | -€93,957 | -20.0% |
| Land and buildings | 22 | €194,655 | €190,255 | -€4,400 | -2.3% |
| Plant, machinery and equipment | 23 | €151,689 | €104,702 | -€46,987 | -31.0% |
| Furniture and vehicles | 24 | €86,964 | €60,888 | -€26,076 | -30.0% |
| Other tangible fixed assets | 26 | €37,565 | €21,071 | -€16,493 | -43.9% |
| Financial fixed assets | 28 | €998 | €998 | = | 0.0% |
| Current assets | 29/58 | €238,513 | €388,347 | +€149,834 | +62.8% |
| Stocks and contracts in progress | 3 | €164,301 | €170,647 | +€6,346 | +3.9% |
| Stocks | 30/36 | €94,860 | €76,045 | -€18,816 | -19.8% |
| Contracts in progress | 37 | €69,440 | €94,602 | +€25,161 | +36.2% |
| Amounts receivable within one year | 40/41 | €32,320 | €64,769 | +€32,449 | +100% |
| Trade receivables | 40 | €28,628 | €53,701 | +€25,073 | +87.6% |
| Other amounts receivable | 41 | €3,692 | €11,067 | +€7,375 | +200% |
| Cash at bank and in hand | 54/58 | €29,821 | €140,513 | +€110,692 | +371% |
| Deferred charges and accrued income | 490/1 | €12,072 | €12,420 | +€347 | +2.9% |
| Total equity and liabilities | 10/49 | €710,384 | €766,261 | +€55,877 | +7.9% |
| Equity | 10/15 | €133,988 | €148,668 | +€14,680 | +11.0% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Reserves | 13 | €97,799 | €103,668 | +€5,869 | +6.0% |
| Distributable reserves | 133 | €97,799 | €103,668 | +€5,869 | +6.0% |
| Profit (loss) carried forward | 14 | -€8,811 | - | +€8,811 | |
| Amounts payable | 17/49 | €576,396 | €617,593 | +€41,197 | +7.1% |
| Amounts payable after more than one year | 17 | €290,827 | €259,196 | -€31,631 | -10.9% |
| Financial debts | 170/4 | €290,827 | €259,196 | -€31,631 | -10.9% |
| Amounts payable within one year | 42/48 | €263,117 | €341,962 | +€78,845 | +30.0% |
| Current portion of amounts payable after more than one year | 42 | €32,119 | €31,631 | -€487 | -1.5% |
| Financial debts | 43 | €125,000 | €125,000 | = | 0.0% |
| Credit institutions | 430/8 | €125,000 | €125,000 | = | 0.0% |
| Trade debts | 44 | €91,674 | €165,651 | +€73,976 | +80.7% |
| Suppliers | 440/4 | €91,674 | €165,651 | +€73,976 | +80.7% |
| Taxes, remuneration and social security | 45 | €13,835 | €17,962 | +€4,127 | +29.8% |
| Taxes | 450/3 | €775 | €5,750 | +€4,976 | +642% |
| Remuneration and social security | 454/9 | €13,060 | €12,212 | -€849 | -6.5% |
| Other amounts payable | 47/48 | €489 | €1,718 | +€1,229 | +251% |
| Accrued charges and deferred income | 492/3 | €22,452 | €16,435 | -€6,017 | -26.8% |
| Non-recurring operating income | 76A | €1,064 | €1,025 | -€39 | -3.7% |
| Remuneration, social security and pensions | 62 | €311,050 | €325,396 | +€14,346 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,637 | €93,957 | +€321 | +0.3% |
| Other operating charges | 640/8 | €9,286 | €5,981 | -€3,305 | -35.6% |
| Gross operating margin | 9900 | €434,607 | €459,881 | +€25,273 | +5.8% |
| Operating profit (loss) | 9901 | €20,635 | €34,547 | +€13,912 | +67.4% |
| Financial income | 75/76B | €3,411 | €2,033 | -€1,378 | -40.4% |
| Recurring financial income | 75 | €3,411 | €2,033 | -€1,378 | -40.4% |
| Financial charges | 65/66B | €17,229 | €14,432 | -€2,797 | -16.2% |
| Recurring financial charges | 65 | €17,229 | €14,432 | -€2,797 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | €6,817 | €22,148 | +€15,331 | +225% |
| Income taxes | 67/77 | €775 | €5,750 | +€4,976 | +642% |
| Profit (loss) for the period | 9904 | €6,042 | €16,398 | +€10,356 | +171% |
| Profit (loss) for the period to be appropriated | 9905 | €6,042 | €16,398 | +€10,356 | +171% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.