VANHOVE: 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.
VANHOVE
Largest movements
- Receivables within one year -€122,179
down €122,179 (-13.0%), from €942,227 to €820,048
- Trade debts -€124,776
down €124,776 (-90.5%), from €137,849 to €13,074
- Gross operating margin +€360,493
up €360,493 (+99.4%), from -€362,761 to -€2,268
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €950,612 | €827,222 | -€123,391 | -13.0% |
| Fixed assets | 21/28 | €2,769 | €2,769 | = | 0.0% |
| Tangible fixed assets | 22/27 | €2,769 | €2,769 | = | 0.0% |
| Land and buildings | 22 | €2,769 | €2,769 | = | 0.0% |
| Current assets | 29/58 | €947,844 | €824,453 | -€123,391 | -13.0% |
| Amounts receivable within one year | 40/41 | €942,227 | €820,048 | -€122,179 | -13.0% |
| Other amounts receivable | 41 | €942,227 | €820,048 | -€122,179 | -13.0% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Deferred charges and accrued income | 490/1 | €5,617 | €4,406 | -€1,211 | -21.6% |
| Total equity and liabilities | 10/49 | €950,612 | €827,222 | -€123,391 | -13.0% |
| Equity | 10/15 | €335,761 | €337,147 | +€1,385 | +0.4% |
| Contributions | 10/11 | €824,500 | €824,500 | = | 0.0% |
| Capital | 10 | €824,500 | €824,500 | = | 0.0% |
| Issued capital | 100 | €824,500 | €824,500 | = | 0.0% |
| Reserves | 13 | €1,134,605 | €1,134,605 | = | 0.0% |
| Non-distributable reserves | 130/1 | €18,863 | €18,863 | = | 0.0% |
| Legal reserve | 130 | €18,863 | €18,863 | = | 0.0% |
| Tax-exempt reserves | 132 | €963,510 | €963,510 | = | 0.0% |
| Distributable reserves | 133 | €152,232 | €152,232 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,623,343 | -€1,621,958 | +€1,385 | +0.1% |
| Provisions and deferred taxes | 16 | €308,800 | €308,800 | = | 0.0% |
| Deferred taxes | 168 | €308,800 | €308,800 | = | 0.0% |
| Amounts payable | 17/49 | €306,051 | €181,275 | -€124,776 | -40.8% |
| Amounts payable within one year | 42/48 | €302,777 | €181,275 | -€121,502 | -40.1% |
| Trade debts | 44 | €137,849 | €13,074 | -€124,776 | -90.5% |
| Suppliers | 440/4 | €137,849 | €13,074 | -€124,776 | -90.5% |
| Other amounts payable | 47/48 | €164,928 | €168,202 | +€3,274 | +2.0% |
| Accrued charges and deferred income | 492/3 | €3,274 | €0 | -€3,274 | -100.0% |
| Other operating charges | 640/8 | €139 | €411 | +€272 | +196.2% |
| Gross operating margin | 9900 | -€362,761 | -€2,268 | +€360,493 | +99.4% |
| Operating profit (loss) | 9901 | -€362,900 | -€2,679 | +€360,220 | +99.3% |
| Financial income | 75/76B | €5,617 | €4,406 | -€1,211 | -21.6% |
| Recurring financial income | 75 | €5,617 | €4,406 | -€1,211 | -21.6% |
| Financial charges | 65/66B | €614 | €341 | -€272 | -44.3% |
| Recurring financial charges | 65 | €614 | €341 | -€272 | -44.3% |
| Profit (loss) for the period before taxes | 9903 | -€357,896 | €1,385 | +€359,281 | |
| Profit (loss) for the period | 9904 | -€357,896 | €1,385 | +€359,281 | |
| Profit (loss) for the period to be appropriated | 9905 | -€357,896 | €1,385 | +€359,281 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.