VANHOVE & D: 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 & D
Largest movements
- Cash -€9
down €9 (-23.7%), from €38 to €29
mainly Net result for the year (-€567)
- Reserves -€567
down €567 (-3.7%), from €15,273 to €14,706
- Other debts +€558
up €558 (+1.6%), from €34,562 to €35,120
- Gross operating margin +€879
up €879, from -€879 to €0
- Purchases and services -€879
no longer reported in 2025 (was €879)
- Other operating charges -€160
down €160 (-26.1%), from €611 to €451
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 | €278 | €269 | -€9 | -3.2% |
| Current assets | 29/58 | €278 | €269 | -€9 | -3.2% |
| Amounts receivable within one year | 40/41 | €240 | €240 | = | 0.0% |
| Other amounts receivable | 41 | €240 | €240 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €38 | €29 | -€9 | -23.7% |
| Total equity and liabilities | 10/49 | €278 | €269 | -€9 | -3.2% |
| Equity | 10/15 | -€34,284 | -€34,852 | -€567 | -1.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €15,273 | €14,706 | -€567 | -3.7% |
| Distributable reserves | 133 | €15,273 | €14,706 | -€567 | -3.7% |
| Profit (loss) carried forward | 14 | -€68,157 | -€68,157 | = | 0.0% |
| Amounts payable | 17/49 | €34,562 | €35,120 | +€558 | +1.6% |
| Amounts payable within one year | 42/48 | €34,562 | €35,120 | +€558 | +1.6% |
| Other amounts payable | 47/48 | €34,562 | €35,120 | +€558 | +1.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €879 | - | -€879 | |
| Other operating charges | 640/8 | €611 | €451 | -€160 | -26.1% |
| Gross operating margin | 9900 | -€879 | €0 | +€879 | |
| Operating profit (loss) | 9901 | -€1,490 | -€451 | +€1,039 | +69.7% |
| Financial charges | 65/66B | €115 | €116 | +€1 | +0.5% |
| Recurring financial charges | 65 | €115 | €116 | +€1 | +0.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,605 | -€567 | +€1,038 | +64.7% |
| Profit (loss) for the period | 9904 | -€1,605 | -€567 | +€1,038 | +64.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,605 | -€567 | +€1,038 | +64.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.