Vanhove Building: 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.
Vanhove Building
Largest movements
- Tangible fixed assets +€663,080
up €663,080 (+21.8%), from €3.0m to €3.7m
of which Land and buildings: +€663,080
- Receivables within one year -€66,573
down €66,573 (-88.6%), from €75,134 to €8,561
of which Trade receivables: -€67,338
- Debts after one year +€667,365
up €667,365 (+53.6%), from €1.2m to €1.9m
- Profit (loss) carried forward -€93,645
down €93,645 (-69.6%), from -€134,583 to -€228,228
- Other operating charges +€87,993
up €87,993 (+743%), from €11,847 to €99,839
- Gross operating margin +€3,597
up €3,597 (+5.3%), from €67,846 to €71,443
- Depreciation +€2,263
up €2,263 (+5.4%), from €41,561 to €43,824
- Financial charges +€1,832
up €1,832 (+9.4%), from €19,592 to €21,425
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 | €3,124,840 | €3,717,681 | +€592,840 | +19.0% |
| Fixed assets | 21/28 | €3,043,743 | €3,706,823 | +€663,080 | +21.8% |
| Tangible fixed assets | 22/27 | €3,043,743 | €3,706,823 | +€663,080 | +21.8% |
| Land and buildings | 22 | €1,790,395 | €2,453,475 | +€663,080 | +37.0% |
| Other tangible fixed assets | 26 | €1,253,348 | €1,253,348 | = | 0.0% |
| Current assets | 29/58 | €81,097 | €10,857 | -€70,240 | -86.6% |
| Amounts receivable within one year | 40/41 | €75,134 | €8,561 | -€66,573 | -88.6% |
| Trade receivables | 40 | €74,840 | €7,502 | -€67,338 | -90.0% |
| Other amounts receivable | 41 | €294 | €1,059 | +€765 | +260% |
| Cash at bank and in hand | 54/58 | €5,963 | €2,296 | -€3,666 | -61.5% |
| Total equity and liabilities | 10/49 | €3,124,840 | €3,717,681 | +€592,840 | +19.0% |
| Equity | 10/15 | €1,532,765 | €1,439,120 | -€93,645 | -6.1% |
| Contributions | 10/11 | €1,667,348 | €1,667,348 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€134,583 | -€228,228 | -€93,645 | -69.6% |
| Amounts payable | 17/49 | €1,592,075 | €2,278,560 | +€686,485 | +43.1% |
| Amounts payable after more than one year | 17 | €1,245,829 | €1,913,194 | +€667,365 | +53.6% |
| Financial debts | 170/4 | €1,245,829 | €1,913,194 | +€667,365 | +53.6% |
| Amounts payable within one year | 42/48 | €346,246 | €365,367 | +€19,120 | +5.5% |
| Current portion of amounts payable after more than one year | 42 | €61,220 | €85,367 | +€24,147 | +39.4% |
| Trade debts | 44 | €546 | €0 | -€546 | -100% |
| Suppliers | 440/4 | €546 | €0 | -€546 | -100% |
| Taxes, remuneration and social security | 45 | €4,480 | €0 | -€4,480 | -100% |
| Taxes | 450/3 | €4,480 | €0 | -€4,480 | -100% |
| Other amounts payable | 47/48 | €280,000 | €280,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,561 | €43,824 | +€2,263 | +5.4% |
| Other operating charges | 640/8 | €11,847 | €99,839 | +€87,993 | +743% |
| Gross operating margin | 9900 | €67,846 | €71,443 | +€3,597 | +5.3% |
| Operating profit (loss) | 9901 | €14,439 | -€72,220 | -€86,659 | |
| Financial charges | 65/66B | €19,592 | €21,425 | +€1,832 | +9.4% |
| Recurring financial charges | 65 | €19,592 | €21,425 | +€1,832 | +9.4% |
| Profit (loss) for the period before taxes | 9903 | -€5,154 | -€93,645 | -€88,491 | -1,717% |
| Profit (loss) for the period | 9904 | -€5,154 | -€93,645 | -€88,491 | -1,717% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,154 | -€93,645 | -€88,491 | -1,717% |
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 15 October 2026 via checked.be.