VANHOVE PROJECTS: 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 PROJECTS
Largest movements
- Stocks and contracts -€460,470
down €460,470 (-89.2%), from €516,290 to €55,820
- Receivables within one year +€430,758
up €430,758 (+147.0%), from €293,021 to €723,779
of which Trade receivables: +€453,148
- Tangible fixed assets -€27,980
down €27,980 (-76.7%), from €36,483 to €8,503
of which Plant, machinery and equipment: -€18,273
- Profit (loss) carried forward -€78,512
new in 2024: -€78,512
- Tax, wage and social debts +€38,839
up €38,839 (+753.0%), from €5,158 to €43,997
- Trade debts -€19,605
down €19,605 (-33.3%), from €58,891 to €39,286
- Accrued charges and deferred income -€13,575
no longer reported in 2024 (was €13,575)
- Other debts +€11,148
up €11,148 (+1.5%), from €725,081 to €736,229
- Gross operating margin -€111,686
down €111,686, from €77,741 to -€33,945
- Depreciation -€6,589
down €6,589 (-22.3%), from €29,540 to €22,951
- Financial charges -€2,526
down €2,526 (-12.4%), from €20,357 to €17,831
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 | €858,596 | €796,891 | -€61,705 | -7.2% |
| Fixed assets | 21/28 | €36,483 | €8,503 | -€27,980 | -76.7% |
| Tangible fixed assets | 22/27 | €36,483 | €8,503 | -€27,980 | -76.7% |
| Plant, machinery and equipment | 23 | €23,482 | €5,208 | -€18,273 | -77.8% |
| Furniture and vehicles | 24 | €13,001 | €3,295 | -€9,707 | -74.7% |
| Current assets | 29/58 | €822,113 | €788,388 | -€33,725 | -4.1% |
| Stocks and contracts in progress | 3 | €516,290 | €55,820 | -€460,470 | -89.2% |
| Stocks | 30/36 | €516,290 | €55,820 | -€460,470 | -89.2% |
| Amounts receivable within one year | 40/41 | €293,021 | €723,779 | +€430,758 | +147.0% |
| Trade receivables | 40 | €229,152 | €682,300 | +€453,148 | +197.7% |
| Other amounts receivable | 41 | €63,869 | €41,479 | -€22,390 | -35.1% |
| Cash at bank and in hand | 54/58 | €12,802 | €7,979 | -€4,823 | -37.7% |
| Deferred charges and accrued income | 490/1 | - | €810 | +€810 | |
| Total equity and liabilities | 10/49 | €858,596 | €796,891 | -€61,705 | -7.2% |
| Equity | 10/15 | €55,891 | -€22,621 | -€78,512 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €49,691 | €49,691 | = | 0.0% |
| Distributable reserves | 133 | €49,691 | €49,691 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€78,512 | -€78,512 | |
| Amounts payable | 17/49 | €802,705 | €819,512 | +€16,807 | +2.1% |
| Amounts payable within one year | 42/48 | €789,130 | €819,512 | +€30,382 | +3.9% |
| Trade debts | 44 | €58,891 | €39,286 | -€19,605 | -33.3% |
| Suppliers | 440/4 | €58,891 | €39,286 | -€19,605 | -33.3% |
| Taxes, remuneration and social security | 45 | €5,158 | €43,997 | +€38,839 | +753.0% |
| Taxes | 450/3 | €5,158 | €43,997 | +€38,839 | +753.0% |
| Other amounts payable | 47/48 | €725,081 | €736,229 | +€11,148 | +1.5% |
| Accrued charges and deferred income | 492/3 | €13,575 | - | -€13,575 | |
| Non-recurring operating income | 76A | €8,000 | €13,976 | +€5,976 | +74.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,540 | €22,951 | -€6,589 | -22.3% |
| Other operating charges | 640/8 | €978 | €997 | +€19 | +1.9% |
| Non-recurring operating charges | 66A | €1,408 | €3,003 | +€1,594 | +113.2% |
| Gross operating margin | 9900 | €77,741 | -€33,945 | -€111,686 | |
| Operating profit (loss) | 9901 | €45,815 | -€60,896 | -€106,711 | |
| Financial income | 75/76B | €681 | €218 | -€463 | -67.9% |
| Recurring financial income | 75 | €681 | €218 | -€463 | -67.9% |
| Financial charges | 65/66B | €20,357 | €17,831 | -€2,526 | -12.4% |
| Recurring financial charges | 65 | €20,357 | €17,831 | -€2,526 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | €26,140 | -€78,508 | -€104,648 | |
| Income taxes | 67/77 | €2 | €4 | +€2 | +126.6% |
| Profit (loss) for the period | 9904 | €26,138 | -€78,512 | -€104,650 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,138 | -€78,512 | -€104,650 |
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 5 October 2026 via checked.be.