VANHOVE TECHNICS: what changed
VANHOVE TECHNICS
Largest movements
- Receivables within one year -€12,861
down €12,861 (-32.6%), from €39,506 to €26,644
of which Trade receivables: -€15,294
- Tangible fixed assets -€11,984
down €11,984 (-9.0%), from €132,535 to €120,551
of which Land and buildings: -€11,334
- Cash +€7,872
up €7,872 (+60.3%), from €13,056 to €20,928
mainly Depreciation (+€15,923) and Receivables within one year (+€12,861)
- Stocks and contracts -€2,932
down €2,932 (-17.5%), from €16,718 to €13,785
- Trade debts -€15,549
down €15,549 (-40.9%), from €38,009 to €22,460
- Debts after one year -€10,331
down €10,331 (-7.0%), from €146,653 to €136,321
of which Financial debts: -€10,331
- Reserves +€9,467
up €9,467, from €0 to €9,467
of which Distributable reserves: +€9,467
- Other debts -€2,520
down €2,520 (-57.1%), from €4,412 to €1,892
- Tax, wage and social debts -€2,049
down €2,049 (-56.8%), from €3,609 to €1,560
- Financial charges -€4,265
down €4,265 (-73.9%), from €5,775 to €1,510
- Gross operating margin +€3,789
up €3,789 (+14.2%), from €26,596 to €30,385
- Taxes +€688
up €688 (+353%), from €195 to €883
- Depreciation -€365
down €365 (-2.2%), from €16,288 to €15,923
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €203,650 | €183,032 | -€20,618 | -10.1% |
| Fixed assets | 21/28 | €132,535 | €120,551 | -€11,984 | -9.0% |
| Tangible fixed assets | 22/27 | €132,535 | €120,551 | -€11,984 | -9.0% |
| Land and buildings | 22 | €121,724 | €110,390 | -€11,334 | -9.3% |
| Plant, machinery and equipment | 23 | €6,388 | €7,050 | +€662 | +10.4% |
| Furniture and vehicles | 24 | €4,422 | €3,111 | -€1,311 | -29.6% |
| Current assets | 29/58 | €71,116 | €62,481 | -€8,634 | -12.1% |
| Stocks and contracts in progress | 3 | €16,718 | €13,785 | -€2,932 | -17.5% |
| Stocks | 30/36 | €16,718 | €13,785 | -€2,932 | -17.5% |
| Amounts receivable within one year | 40/41 | €39,506 | €26,644 | -€12,861 | -32.6% |
| Trade receivables | 40 | €36,374 | €21,080 | -€15,294 | -42.0% |
| Other amounts receivable | 41 | €3,132 | €5,565 | +€2,432 | +77.7% |
| Cash at bank and in hand | 54/58 | €13,056 | €20,928 | +€7,872 | +60.3% |
| Deferred charges and accrued income | 490/1 | €1,836 | €1,123 | -€713 | -38.8% |
| Total equity and liabilities | 10/49 | €203,650 | €183,032 | -€20,618 | -10.1% |
| Equity | 10/15 | €794 | €10,467 | +€9,673 | +1,218% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €0 | €9,467 | +€9,467 | |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | - | €9,467 | +€9,467 | |
| Profit (loss) carried forward | 14 | -€206 | €0 | +€206 | |
| Amounts payable | 17/49 | €202,856 | €172,565 | -€30,291 | -14.9% |
| Amounts payable after more than one year | 17 | €146,653 | €136,321 | -€10,331 | -7.0% |
| Financial debts | 170/4 | €61,653 | €51,321 | -€10,331 | -16.8% |
| Other amounts payable | 178/9 | €85,000 | €85,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €56,203 | €36,244 | -€19,959 | -35.5% |
| Current portion of amounts payable after more than one year | 42 | €10,173 | €10,331 | +€159 | +1.6% |
| Trade debts | 44 | €38,009 | €22,460 | -€15,549 | -40.9% |
| Suppliers | 440/4 | €38,009 | €22,460 | -€15,549 | -40.9% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €3,609 | €1,560 | -€2,049 | -56.8% |
| Taxes | 450/3 | €3,609 | €1,560 | -€2,049 | -56.8% |
| Other amounts payable | 47/48 | €4,412 | €1,892 | -€2,520 | -57.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,288 | €15,923 | -€365 | -2.2% |
| Other operating charges | 640/8 | €1,834 | €1,647 | -€187 | -10.2% |
| Gross operating margin | 9900 | €26,596 | €30,385 | +€3,789 | +14.2% |
| Operating profit (loss) | 9901 | €8,474 | €12,815 | +€4,341 | +51.2% |
| Financial income | 75/76B | €23 | €84 | +€61 | +263% |
| Recurring financial income | 75 | €23 | €84 | +€61 | +263% |
| Financial charges | 65/66B | €5,775 | €1,510 | -€4,265 | -73.9% |
| Recurring financial charges | 65 | €5,775 | €1,510 | -€4,265 | -73.9% |
| Profit (loss) for the period before taxes | 9903 | €2,722 | €11,388 | +€8,667 | +318% |
| Income taxes | 67/77 | €195 | €883 | +€688 | +353% |
| Profit (loss) for the period | 9904 | €2,527 | €10,506 | +€7,979 | +316% |
| Profit (loss) for the period to be appropriated | 9905 | €2,527 | €10,506 | +€7,979 | +316% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.