VINCENT VANHOVE: what changed
VINCENT VANHOVE
Largest movements
- Receivables within one year -€28,232
down €28,232 (-20.4%), from €138,702 to €110,470
of which Trade receivables: -€131,632
- Cash +€19,839
up €19,839 (+47.7%), from €41,591 to €61,430
mainly Other debts (+€112,706) and Receivables within one year (+€28,232)
- Profit (loss) carried forward -€121,180
down €121,180 (-91.6%), from €132,330 to €11,150
- Other debts +€112,706
up €112,706 (+1,213%), from €9,294 to €122,000
- Tax, wage and social debts +€2,706
up €2,706 (+40.0%), from €6,766 to €9,472
- Gross operating margin -€27,842
down €27,842 (-81.4%), from €34,195 to €6,353
- Other operating charges -€4,125
down €4,125 (-75.7%), from €5,452 to €1,327
- Taxes -€4,041
down €4,041 (-59.9%), from €6,741 to €2,700
- Depreciation -€2,593
down €2,593 (-55.2%), from €4,701 to €2,108
- Financial charges -€1,384
down €1,384 (-38.9%), from €3,557 to €2,174
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 | €189,319 | €182,246 | -€7,074 | -3.7% |
| Fixed assets | 21/28 | €8,165 | €7,824 | -€341 | -4.2% |
| Tangible fixed assets | 22/27 | €8,165 | €7,824 | -€341 | -4.2% |
| Plant, machinery and equipment | 23 | €5,287 | €5,669 | +€381 | +7.2% |
| Furniture and vehicles | 24 | €2,877 | €2,155 | -€722 | -25.1% |
| Current assets | 29/58 | €181,155 | €174,422 | -€6,733 | -3.7% |
| Amounts receivable within one year | 40/41 | €138,702 | €110,470 | -€28,232 | -20.4% |
| Trade receivables | 40 | €138,273 | €6,642 | -€131,632 | -95.2% |
| Other amounts receivable | 41 | €428 | €103,828 | +€103,400 | +24,141% |
| Cash at bank and in hand | 54/58 | €41,591 | €61,430 | +€19,839 | +47.7% |
| Deferred charges and accrued income | 490/1 | €862 | €2,522 | +€1,660 | +193% |
| Total equity and liabilities | 10/49 | €189,319 | €182,246 | -€7,074 | -3.7% |
| Equity | 10/15 | €152,790 | €31,610 | -€121,180 | -79.3% |
| 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 | €132,330 | €11,150 | -€121,180 | -91.6% |
| Amounts payable | 17/49 | €36,530 | €150,636 | +€114,106 | +312% |
| Amounts payable within one year | 42/48 | €36,530 | €150,636 | +€114,106 | +312% |
| Trade debts | 44 | €20,469 | €19,163 | -€1,306 | -6.4% |
| Suppliers | 440/4 | €20,469 | €19,163 | -€1,306 | -6.4% |
| Taxes, remuneration and social security | 45 | €6,766 | €9,472 | +€2,706 | +40.0% |
| Taxes | 450/3 | €6,766 | €9,472 | +€2,706 | +40.0% |
| Other amounts payable | 47/48 | €9,294 | €122,000 | +€112,706 | +1,213% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,701 | €2,108 | -€2,593 | -55.2% |
| Other operating charges | 640/8 | €5,452 | €1,327 | -€4,125 | -75.7% |
| Non-recurring operating charges | 66A | €602 | - | -€602 | |
| Gross operating margin | 9900 | €34,195 | €6,353 | -€27,842 | -81.4% |
| Operating profit (loss) | 9901 | €23,440 | €2,918 | -€20,522 | -87.6% |
| Financial income | 75/76B | €3,283 | €2,776 | -€507 | -15.5% |
| Recurring financial income | 75 | €3,283 | €2,776 | -€507 | -15.5% |
| Financial charges | 65/66B | €3,557 | €2,174 | -€1,384 | -38.9% |
| Recurring financial charges | 65 | €3,557 | €2,174 | -€1,384 | -38.9% |
| Profit (loss) for the period before taxes | 9903 | €23,166 | €3,520 | -€19,645 | -84.8% |
| Income taxes | 67/77 | €6,741 | €2,700 | -€4,041 | -59.9% |
| Profit (loss) for the period | 9904 | €16,425 | €820 | -€15,605 | -95.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,425 | €820 | -€15,605 | -95.0% |
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 8 November 2026 via checked.be.