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 -€3,023
down €3,023 (-4.9%), from €61,522 to €58,499
of which Trade receivables: -€1,611
- Profit (loss) carried forward -€30,874
down €30,874 (-12.1%), from -€254,706 to -€285,580
- Other debts +€21,561
up €21,561 (+7.4%), from €292,504 to €314,066
- Trade debts +€4,716
up €4,716 (+765.9%), from €616 to €5,332
- Gross operating margin -€4,620
down €4,620 (-20.3%), from -€22,749 to -€27,369
- Other operating charges +€1,368
up €1,368 (+72.0%), from €1,900 to €3,268
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 | €184,499 | €179,902 | -€4,597 | -2.5% |
| Current assets | 29/58 | €184,499 | €179,902 | -€4,597 | -2.5% |
| Stocks and contracts in progress | 3 | €116,817 | €116,817 | = | 0.0% |
| Stocks | 30/36 | €116,817 | €116,817 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €61,522 | €58,499 | -€3,023 | -4.9% |
| Trade receivables | 40 | €59,900 | €58,290 | -€1,611 | -2.7% |
| Other amounts receivable | 41 | €1,622 | €209 | -€1,412 | -87.1% |
| Cash at bank and in hand | 54/58 | €2,652 | €1,632 | -€1,019 | -38.4% |
| Deferred charges and accrued income | 490/1 | €3,508 | €2,954 | -€555 | -15.8% |
| Total equity and liabilities | 10/49 | €184,499 | €179,902 | -€4,597 | -2.5% |
| Equity | 10/15 | -€108,621 | -€139,495 | -€30,874 | -28.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €127,534 | €127,534 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,500 | €12,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €12,500 | €12,500 | = | 0.0% |
| Distributable reserves | 133 | €115,034 | €115,034 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€254,706 | -€285,580 | -€30,874 | -12.1% |
| Amounts payable | 17/49 | €293,120 | €319,398 | +€26,278 | +9.0% |
| Amounts payable within one year | 42/48 | €293,120 | €319,398 | +€26,278 | +9.0% |
| Trade debts | 44 | €616 | €5,332 | +€4,716 | +765.9% |
| Suppliers | 440/4 | €616 | €5,332 | +€4,716 | +765.9% |
| Other amounts payable | 47/48 | €292,504 | €314,066 | +€21,561 | +7.4% |
| Other operating charges | 640/8 | €1,900 | €3,268 | +€1,368 | +72.0% |
| Gross operating margin | 9900 | -€22,749 | -€27,369 | -€4,620 | -20.3% |
| Operating profit (loss) | 9901 | -€24,649 | -€30,637 | -€5,988 | -24.3% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €235 | €238 | +€3 | +1.1% |
| Recurring financial charges | 65 | €235 | €238 | +€3 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | -€24,884 | -€30,874 | -€5,990 | -24.1% |
| Profit (loss) for the period | 9904 | -€24,884 | -€30,874 | -€5,990 | -24.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,884 | -€30,874 | -€5,990 | -24.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.