VANHULLE-MENEN: 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.
VANHULLE-MENEN
Largest movements
- Receivables within one year +€34,239
up €34,239 (+17.8%), from €192,808 to €227,048
of which Other amounts receivable: +€53,733
- Stocks and contracts +€33,642
up €33,642 (+34.3%), from €98,027 to €131,668
- Cash -€19,277
down €19,277 (-48.6%), from €39,661 to €20,383
mainly Receivables within one year (-€34,239) and Stocks and contracts (-€33,642)
- Trade debts +€18,512
up €18,512 (+46.0%), from €40,286 to €58,798
- Profit (loss) carried forward +€15,803
up €15,803 (+9.0%), from €176,457 to €192,260
- Tax, wage and social debts +€13,238
up €13,238 (+82.5%), from €16,044 to €29,282
of which Remuneration and social security: +€11,927
- Write-downs +€32,925
up €32,925, from -€16,805 to €16,120
- Gross operating margin +€9,521
up €9,521 (+6.4%), from €148,024 to €157,546
- Taxes -€8,402
down €8,402 (-64.5%), from €13,035 to €4,633
- Other operating charges +€4,806
up €4,806 (+121%), from €3,966 to €8,772
- Staff costs +€4,253
up €4,253 (+4.1%), from €104,070 to €108,323
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 | €336,447 | €385,200 | +€48,753 | +14.5% |
| Fixed assets | 21/28 | €5,951 | €4,701 | -€1,250 | -21.0% |
| Tangible fixed assets | 22/27 | €4,901 | €3,651 | -€1,250 | -25.5% |
| Furniture and vehicles | 24 | €4,901 | €3,651 | -€1,250 | -25.5% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €1,050 | €1,050 | = | 0.0% |
| Current assets | 29/58 | €330,496 | €380,499 | +€50,003 | +15.1% |
| Stocks and contracts in progress | 3 | €98,027 | €131,668 | +€33,642 | +34.3% |
| Stocks | 30/36 | €98,027 | €131,668 | +€33,642 | +34.3% |
| Amounts receivable within one year | 40/41 | €192,808 | €227,048 | +€34,239 | +17.8% |
| Trade receivables | 40 | €54,174 | €34,681 | -€19,493 | -36.0% |
| Other amounts receivable | 41 | €138,634 | €192,367 | +€53,733 | +38.8% |
| Cash at bank and in hand | 54/58 | €39,661 | €20,383 | -€19,277 | -48.6% |
| Deferred charges and accrued income | 490/1 | - | €1,400 | +€1,400 | |
| Total equity and liabilities | 10/49 | €336,447 | €385,200 | +€48,753 | +14.5% |
| Equity | 10/15 | €196,917 | €212,720 | +€15,803 | +8.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €176,457 | €192,260 | +€15,803 | +9.0% |
| Amounts payable | 17/49 | €139,530 | €172,480 | +€32,950 | +23.6% |
| Amounts payable within one year | 42/48 | €136,330 | €169,280 | +€32,950 | +24.2% |
| Trade debts | 44 | €40,286 | €58,798 | +€18,512 | +46.0% |
| Suppliers | 440/4 | €40,286 | €58,798 | +€18,512 | +46.0% |
| Advances received on contracts in progress | 46 | - | €1,200 | +€1,200 | |
| Taxes, remuneration and social security | 45 | €16,044 | €29,282 | +€13,238 | +82.5% |
| Taxes | 450/3 | €2,535 | €3,846 | +€1,310 | +51.7% |
| Remuneration and social security | 454/9 | €13,509 | €25,436 | +€11,927 | +88.3% |
| Other amounts payable | 47/48 | €80,000 | €80,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,200 | €3,200 | = | 0.0% |
| Non-recurring operating income | 76A | €15,124 | €0 | -€15,124 | -100% |
| Remuneration, social security and pensions | 62 | €104,070 | €108,323 | +€4,253 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,011 | €1,250 | -€2,761 | -68.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€16,805 | €16,120 | +€32,925 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €5 | +€5 | |
| Other operating charges | 640/8 | €3,966 | €8,772 | +€4,806 | +121% |
| Gross operating margin | 9900 | €148,024 | €157,546 | +€9,521 | +6.4% |
| Operating profit (loss) | 9901 | €52,783 | €23,075 | -€29,707 | -56.3% |
| Financial income | 75/76B | €1,682 | €1,729 | +€47 | +2.8% |
| Recurring financial income | 75 | €1,682 | €1,729 | +€47 | +2.8% |
| Financial charges | 65/66B | €6,032 | €4,369 | -€1,664 | -27.6% |
| Recurring financial charges | 65 | €6,032 | €4,369 | -€1,664 | -27.6% |
| Profit (loss) for the period before taxes | 9903 | €48,432 | €20,436 | -€27,996 | -57.8% |
| Income taxes | 67/77 | €13,035 | €4,633 | -€8,402 | -64.5% |
| Profit (loss) for the period | 9904 | €35,397 | €15,803 | -€19,594 | -55.4% |
| Profit (loss) for the period to be appropriated | 9905 | €35,397 | €15,803 | -€19,594 | -55.4% |
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 23 October 2026 via checked.be.