Vanhumbeeck Frères: 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.
What changed
Vanhumbeeck Frères
NACE 46.832, Wholesale of timber
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€116,366
2024 · -€449,764+€566,129
Equity
€2.6m
2024 · €2.6m+€16,366
Cash
€185,339
2024 · €323,237-€137,898
Balance sheet total
€5.2m
2024 · €5.5m-€367,715
Largest movements
Assets
- Tangible fixed assets -€283,413
down €283,413 (-21.9%), from €1.3m to €1.0m
of which Leasing and similar rights: -€272,335
- Cash -€137,898
down €137,898 (-42.7%), from €323,237 to €185,339
mainly Other debts (-€322,761) and Current portion of long-term debt (-€134,546)
- Receivables within one year +€66,936
up €66,936 (+7.3%), from €917,534 to €984,470
of which Other amounts receivable: +€89,159
Equity and liabilities
- Other debts -€322,761
down €322,761 (-29.6%), from €1.1m to €769,244
- Current portion of long-term debt -€134,546
down €134,546 (-42.1%), from €319,836 to €185,290
- Debts after one year -€100,767
down €100,767 (-23.1%), from €436,527 to €335,760
of which Financial debts: -€100,767
- Trade debts +€93,799
up €93,799 (+14.8%), from €633,565 to €727,364
- Short-term financial debts +€80,199
new in 2025: €80,199
Income statement
- Turnover +€860,269
up €860,269 (+8.9%), from €9.7m to €10.6m
- Goods and materials +€169,453
up €169,453 (+2.4%), from €6.9m to €7.1m
of which Purchases: +€353,902
- Services and other goods +€144,567
up €144,567 (+11.3%), from €1.3m to €1.4m
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.
Result 2024
-€449,764
Turnover
+€860,269
Other operating income
-€11,461
Goods and materials
-€169,453
Services and other goods
-€144,567
Staff costs
-€42,809
Depreciation
+€67,070
Write-downs
-€46,670
Other operating charges
-€8,089
Other operating items
+€16,261
Financial income
+€40,899
Financial charges
+€7,052
Taxes
-€2,374
Result 2025
€116,366
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€194,012
Investment
-€76,798
Financing
-€255,113
Cash 2024
€323,237
From operations (derived)
+€194,012
Net result for the year
+€116,366
Depreciation
+€357,482
Stocks and contracts
+€16,995
Receivables within one year
-€66,936
Deferred charges and accrued income
-€926
Trade debts
+€93,799
Tax, wage and social debts
-€3,029
Advances received
-€7,389
Other debts
-€322,761
Accrued charges and deferred income
+€10,412
Investment (derived)
-€76,798
Investment in fixed assets (net)
-€76,798
Financing
-€255,113
Debts after one year
-€100,767
Current portion of long-term debt
-€134,546
Short-term financial debts
+€80,199
Contributions, distributions and other
-€100,000
Cash 2025
€185,339
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,540,020 | €5,172,305 | -€367,715 | -6.6% |
| Fixed assets | 21/28 | €2,321,129 | €2,040,445 | -€280,684 | -12.1% |
| Intangible fixed assets | 21 | €23,963 | €26,693 | +€2,730 | +11.4% |
| Tangible fixed assets | 22/27 | €1,295,193 | €1,011,780 | -€283,413 | -21.9% |
| Plant, machinery and equipment | 23 | €119,945 | €66,181 | -€53,764 | -44.8% |
| Furniture and vehicles | 24 | €18,555 | €53,242 | +€34,687 | +187% |
| Leasing and similar rights | 25 | €811,859 | €539,523 | -€272,335 | -33.5% |
| Other tangible fixed assets | 26 | €344,835 | €352,834 | +€7,999 | +2.3% |
| Financial fixed assets | 28 | €1,001,973 | €1,001,973 | = | 0.0% |
| Affiliated companies | 280/1 | €999,483 | €999,483 | = | 0.0% |
| Participating interests | 280 | €999,483 | €999,483 | = | 0.0% |
| Other financial fixed assets | 284/8 | €2,491 | €2,491 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €2,491 | €2,491 | = | 0.0% |
| Current assets | 29/58 | €3,218,891 | €3,131,860 | -€87,031 | -2.7% |
| Stocks and contracts in progress | 3 | €1,853,829 | €1,836,834 | -€16,995 | -0.9% |
| Stocks | 30/36 | €1,853,829 | €1,836,834 | -€16,995 | -0.9% |
| Goods purchased for resale | 34 | €1,853,829 | €1,836,834 | -€16,995 | -0.9% |
| Amounts receivable within one year | 40/41 | €917,534 | €984,470 | +€66,936 | +7.3% |
| Trade receivables | 40 | €698,588 | €676,365 | -€22,223 | -3.2% |
| Other amounts receivable | 41 | €218,946 | €308,105 | +€89,159 | +40.7% |
| Cash at bank and in hand | 54/58 | €323,237 | €185,339 | -€137,898 | -42.7% |
| Deferred charges and accrued income | 490/1 | €124,291 | €125,217 | +€926 | +0.7% |
| Total equity and liabilities | 10/49 | €5,540,020 | €5,172,305 | -€367,715 | -6.6% |
| Equity | 10/15 | €2,599,914 | €2,616,280 | +€16,366 | +0.6% |
| Contributions | 10/11 | €540,315 | €540,315 | = | 0.0% |
| Reserves | 13 | €908,726 | €908,726 | = | 0.0% |
| Non-distributable reserves | 130/1 | €335,566 | €335,566 | = | 0.0% |
| Reserves not available under the articles | 1311 | €145,556 | €145,556 | = | 0.0% |
| Other | 1319 | €190,010 | €190,010 | = | 0.0% |
| Distributable reserves | 133 | €573,160 | €573,160 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,150,874 | €1,167,239 | +€16,366 | +1.4% |
| Amounts payable | 17/49 | €2,940,106 | €2,556,025 | -€384,080 | -13.1% |
| Amounts payable after more than one year | 17 | €436,527 | €335,760 | -€100,767 | -23.1% |
| Financial debts | 170/4 | €286,527 | €185,760 | -€100,767 | -35.2% |
| Leasing and similar obligations | 172 | €286,527 | €185,760 | -€100,767 | -35.2% |
| Trade debts | 175 | €150,000 | €150,000 | = | 0.0% |
| Suppliers | 1750 | €150,000 | €150,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,493,721 | €2,199,996 | -€293,725 | -11.8% |
| Current portion of amounts payable after more than one year | 42 | €319,836 | €185,290 | -€134,546 | -42.1% |
| Financial debts | 43 | - | €80,199 | +€80,199 | |
| Credit institutions | 430/8 | - | €80,199 | +€80,199 | |
| Trade debts | 44 | €633,565 | €727,364 | +€93,799 | +14.8% |
| Suppliers | 440/4 | €633,565 | €727,364 | +€93,799 | +14.8% |
| Advances received on contracts in progress | 46 | €154,649 | €147,261 | -€7,389 | -4.8% |
| Taxes, remuneration and social security | 45 | €293,665 | €290,636 | -€3,029 | -1.0% |
| Taxes | 450/3 | €96,429 | €85,247 | -€11,182 | -11.6% |
| Remuneration and social security | 454/9 | €197,236 | €205,389 | +€8,153 | +4.1% |
| Other amounts payable | 47/48 | €1,092,006 | €769,244 | -€322,761 | -29.6% |
| Accrued charges and deferred income | 492/3 | €9,858 | €20,270 | +€10,412 | +106% |
| Operating income | 70/76A | €9,759,537 | €10,618,890 | +€859,354 | +8.8% |
| Turnover | 70 | €9,707,350 | €10,567,619 | +€860,269 | +8.9% |
| Other operating income | 74 | €52,187 | €40,726 | -€11,461 | -22.0% |
| Non-recurring operating income | 76A | - | €10,545 | +€10,545 | |
| Operating charges | 60/66A | €10,449,752 | €10,788,553 | +€338,802 | +3.2% |
| Goods for resale, raw materials and consumables | 60 | €6,924,108 | €7,093,561 | +€169,453 | +2.4% |
| Purchases | 600/8 | €6,722,665 | €7,076,566 | +€353,902 | +5.3% |
| Change in stocks: decrease (increase) | 609 | €201,443 | €16,995 | -€184,449 | -91.6% |
| Services and other goods | 61 | €1,276,431 | €1,420,998 | +€144,567 | +11.3% |
| Remuneration, social security and pensions | 62 | €1,795,636 | €1,838,445 | +€42,809 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €424,552 | €357,482 | -€67,070 | -15.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,650 | €54,320 | +€46,670 | +610% |
| Other operating charges | 640/8 | €15,659 | €23,748 | +€8,089 | +51.7% |
| Non-recurring operating charges | 66A | €5,716 | - | -€5,716 | |
| Operating profit (loss) | 9901 | -€690,215 | -€169,663 | +€520,552 | +75.4% |
| Financial income | 75/76B | €313,888 | €354,787 | +€40,899 | +13.0% |
| Recurring financial income | 75 | €313,888 | €354,787 | +€40,899 | +13.0% |
| Income from financial fixed assets | 750 | €189,000 | €241,939 | +€52,939 | +28.0% |
| Other financial income | 752/9 | €124,888 | €112,848 | -€12,040 | -9.6% |
| Financial charges | 65/66B | €73,437 | €66,385 | -€7,052 | -9.6% |
| Recurring financial charges | 65 | €73,437 | €66,385 | -€7,052 | -9.6% |
| Debt charges | 650 | €42,855 | €34,294 | -€8,562 | -20.0% |
| Other financial charges | 652/9 | €30,581 | €32,091 | +€1,510 | +4.9% |
| Profit (loss) for the period before taxes | 9903 | -€449,764 | €118,739 | +€568,503 | |
| Income taxes | 67/77 | - | €2,374 | +€2,374 | |
| Taxes | 670/3 | - | €2,374 | +€2,374 | |
| Profit (loss) for the period | 9904 | -€449,764 | €116,366 | +€566,129 | |
| Profit (loss) for the period to be appropriated | 9905 | -€449,764 | €116,366 | +€566,129 |
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 22 October 2026 via checked.be.