VANHULLE - IEPER: what changed
What changed
VANHULLE - IEPER
NACE 46.711, Wholesale of cars and light vans (up to 3.5 tonnes)
filed annual accounts (NBB)
Net result for the year
-€615,317
2024 · -€515,323-€99,994
Equity
€1.9m
2024 · €2.5m-€615,317
Cash
€29,246
2024 · €373,987-€344,741
Balance sheet total
€2.3m
2024 · €2.9m-€627,413
Largest movements
Assets
- Cash -€344,741
down €344,741 (-92.2%), from €373,987 to €29,246
mainly Net result for the year (-€615,317) and Trade debts (-€64,119)
- Receivables within one year -€218,006
down €218,006 (-31.2%), from €699,418 to €481,412
of which Other amounts receivable: -€238,203
- Tangible fixed assets -€64,576
down €64,576 (-14.8%), from €437,244 to €372,668
of which Land and buildings: -€53,441
Equity and liabilities
- Profit (loss) carried forward -€615,317
down €615,317 (-60.5%), from €1.0m to €401,135
- Trade debts -€64,119
down €64,119 (-40.6%), from €158,122 to €94,003
- Other debts +€55,000
up €55,000 (+42.3%), from €130,000 to €185,000
Income statement
- Financial charges +€187,403
up €187,403 (+5,389%), from €3,478 to €190,881
- Gross operating margin -€111,215
down €111,215 (-36.8%), from €302,290 to €191,075
- Staff costs -€105,463
down €105,463 (-16.8%), from €626,806 to €521,343
- Write-downs -€72,388
down €72,388 (-96.2%), from €75,234 to €2,845
- Financial income +€15,709
up €15,709 (+978%), from €1,605 to €17,315
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.
Result 2024
-€515,323
Gross operating margin
-€111,215
Staff costs
+€105,463
Depreciation
+€7,127
Write-downs
+€72,388
Provisions
-€10
Other operating charges
-€1,476
Financial income
+€15,709
Financial charges
-€187,403
Taxes
-€577
Result 2025
-€615,317
raises the resultlowers the result
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.
From operations
-€330,891
Investment
-€13,850
Financing
€0
Cash 2024
€373,987
From operations (derived)
-€330,891
Net result for the year
-€615,317
Depreciation
+€80,714
Stocks and contracts
+€5,054
Receivables within one year
+€218,006
Deferred charges and accrued income
-€7,252
Trade debts
-€64,119
Tax, wage and social debts
-€4,376
Other debts
+€55,000
Accrued charges and deferred income
+€1,400
Investment (derived)
-€13,850
Investment in fixed assets (net)
-€13,850
Cash 2025
€29,246
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,911,338 | €2,283,926 | -€627,413 | -21.6% |
| Fixed assets | 21/28 | €1,034,243 | €967,379 | -€66,864 | -6.5% |
| Intangible fixed assets | 21 | €6,655 | €4,502 | -€2,153 | -32.3% |
| Tangible fixed assets | 22/27 | €437,244 | €372,668 | -€64,576 | -14.8% |
| Land and buildings | 22 | €400,080 | €346,639 | -€53,441 | -13.4% |
| Plant, machinery and equipment | 23 | €8,261 | €12,863 | +€4,602 | +55.7% |
| Furniture and vehicles | 24 | €28,903 | €13,167 | -€15,736 | -54.4% |
| Financial fixed assets | 28 | €590,344 | €590,209 | -€135 | 0.0% |
| Current assets | 29/58 | €1,877,095 | €1,316,546 | -€560,549 | -29.9% |
| Stocks and contracts in progress | 3 | €802,948 | €797,893 | -€5,054 | -0.6% |
| Stocks | 30/36 | €802,948 | €797,893 | -€5,054 | -0.6% |
| Amounts receivable within one year | 40/41 | €699,418 | €481,412 | -€218,006 | -31.2% |
| Trade receivables | 40 | €243,526 | €263,723 | +€20,197 | +8.3% |
| Other amounts receivable | 41 | €455,892 | €217,689 | -€238,203 | -52.2% |
| Cash at bank and in hand | 54/58 | €373,987 | €29,246 | -€344,741 | -92.2% |
| Deferred charges and accrued income | 490/1 | €742 | €7,995 | +€7,252 | +977% |
| Total equity and liabilities | 10/49 | €2,911,338 | €2,283,926 | -€627,413 | -21.6% |
| Equity | 10/15 | €2,479,531 | €1,864,214 | -€615,317 | -24.8% |
| Contributions | 10/11 | €1,170,200 | €1,170,200 | = | 0.0% |
| Reserves | 13 | €292,879 | €292,879 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €274,129 | €274,129 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,016,452 | €401,135 | -€615,317 | -60.5% |
| Amounts payable | 17/49 | €431,808 | €419,712 | -€12,096 | -2.8% |
| Amounts payable within one year | 42/48 | €431,808 | €418,313 | -€13,495 | -3.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €158,122 | €94,003 | -€64,119 | -40.6% |
| Suppliers | 440/4 | €158,122 | €94,003 | -€64,119 | -40.6% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €143,686 | €139,310 | -€4,376 | -3.0% |
| Taxes | 450/3 | €52,510 | €46,098 | -€6,412 | -12.2% |
| Remuneration and social security | 454/9 | €91,176 | €93,212 | +€2,036 | +2.2% |
| Other amounts payable | 47/48 | €130,000 | €185,000 | +€55,000 | +42.3% |
| Accrued charges and deferred income | 492/3 | - | €1,400 | +€1,400 | |
| Non-recurring operating income | 76A | €200 | €4,833 | +€4,633 | +2,317% |
| Remuneration, social security and pensions | 62 | €626,806 | €521,343 | -€105,463 | -16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,840 | €80,714 | -€7,127 | -8.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €75,234 | €2,845 | -€72,388 | -96.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €10 | +€10 | |
| Other operating charges | 640/8 | €24,916 | €26,392 | +€1,476 | +5.9% |
| Gross operating margin | 9900 | €302,290 | €191,075 | -€111,215 | -36.8% |
| Operating profit (loss) | 9901 | -€512,506 | -€440,228 | +€72,278 | +14.1% |
| Financial income | 75/76B | €1,605 | €17,315 | +€15,709 | +978% |
| Recurring financial income | 75 | €1,605 | €17,315 | +€15,709 | +978% |
| Financial charges | 65/66B | €3,478 | €190,881 | +€187,403 | +5,389% |
| Recurring financial charges | 65 | €3,478 | €190,881 | +€187,403 | +5,389% |
| Profit (loss) for the period before taxes | 9903 | -€514,378 | -€613,794 | -€99,416 | -19.3% |
| Income taxes | 67/77 | €946 | €1,523 | +€577 | +61.1% |
| Profit (loss) for the period | 9904 | -€515,323 | -€615,317 | -€99,994 | -19.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€515,323 | -€615,317 | -€99,994 | -19.4% |
Next steps
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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 4 November 2026 via checked.be.