VISHANDEL CLAESSENS: 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.
VISHANDEL CLAESSENS
Largest movements
- Tangible fixed assets +€52,746
up €52,746 (+214%), from €24,687 to €77,432
of which Other tangible fixed assets: +€26,715
- Financial fixed assets -€6,960
no longer reported in 2025 (was €6,960)
- Receivables within one year +€2,958
up €2,958 (+30.2%), from €9,779 to €12,737
- Cash -€2,492
down €2,492 (-36.1%), from €6,901 to €4,410
mainly Investment in fixed assets (net) (-€61,619) and Net result for the year (-€8,141)
- Stocks and contracts +€2,417
up €2,417 (+49.2%), from €4,911 to €7,329
- Debts after one year +€38,946
up €38,946 (+300%), from €12,964 to €51,910
- Current portion of long-term debt +€10,980
up €10,980 (+231%), from €4,749 to €15,729
- Profit (loss) carried forward -€8,141
down €8,141 (-96.8%), from €8,412 to €271
- Tax, wage and social debts +€7,220
up €7,220 (+192%), from €3,763 to €10,982
of which Remuneration and social security: +€4,272
- Staff costs +€11,870
up €11,870 (+166%), from €7,137 to €19,007
- Depreciation +€10,271
up €10,271 (+185%), from €5,563 to €15,833
- Financial charges +€2,050
up €2,050 (+81.8%), from €2,507 to €4,557
- Other operating charges +€1,910
up €1,910 (+100.0%), from €1,911 to €3,821
- Financial income -€1,176
down €1,176 (-71.3%), from €1,648 to €472
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 | €53,238 | €101,908 | +€48,669 | +91.4% |
| Fixed assets | 21/28 | €31,647 | €77,432 | +€45,786 | +145% |
| Tangible fixed assets | 22/27 | €24,687 | €77,432 | +€52,746 | +214% |
| Plant, machinery and equipment | 23 | €896 | €16,707 | +€15,810 | +1,764% |
| Furniture and vehicles | 24 | €22,959 | €33,179 | +€10,221 | +44.5% |
| Other tangible fixed assets | 26 | €832 | €27,546 | +€26,715 | +3,212% |
| Financial fixed assets | 28 | €6,960 | - | -€6,960 | |
| Current assets | 29/58 | €21,592 | €24,475 | +€2,884 | +13.4% |
| Stocks and contracts in progress | 3 | €4,911 | €7,329 | +€2,417 | +49.2% |
| Stocks | 30/36 | €4,911 | €7,329 | +€2,417 | +49.2% |
| Amounts receivable within one year | 40/41 | €9,779 | €12,737 | +€2,958 | +30.2% |
| Other amounts receivable | 41 | €9,779 | €12,737 | +€2,958 | +30.2% |
| Cash at bank and in hand | 54/58 | €6,901 | €4,410 | -€2,492 | -36.1% |
| Total equity and liabilities | 10/49 | €53,238 | €101,908 | +€48,669 | +91.4% |
| Equity | 10/15 | €29,092 | €20,951 | -€8,141 | -28.0% |
| Contributions | 10/11 | €18,800 | €18,800 | = | 0.0% |
| Reserves | 13 | €1,880 | €1,880 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,880 | - | -€1,880 | |
| Reserves not available under the articles | 1311 | €1,880 | - | -€1,880 | |
| Distributable reserves | 133 | - | €1,880 | +€1,880 | |
| Profit (loss) carried forward | 14 | €8,412 | €271 | -€8,141 | -96.8% |
| Amounts payable | 17/49 | €24,147 | €80,957 | +€56,810 | +235% |
| Amounts payable after more than one year | 17 | €12,964 | €51,910 | +€38,946 | +300% |
| Financial debts | 170/4 | €12,964 | €51,910 | +€38,946 | +300% |
| Amounts payable within one year | 42/48 | €11,182 | €29,046 | +€17,864 | +160% |
| Current portion of amounts payable after more than one year | 42 | €4,749 | €15,729 | +€10,980 | +231% |
| Trade debts | 44 | €2,321 | €2,335 | +€14 | +0.6% |
| Suppliers | 440/4 | €2,321 | €2,335 | +€14 | +0.6% |
| Taxes, remuneration and social security | 45 | €3,763 | €10,982 | +€7,220 | +192% |
| Taxes | 450/3 | €3,527 | €6,475 | +€2,948 | +83.6% |
| Remuneration and social security | 454/9 | €236 | €4,508 | +€4,272 | +1,811% |
| Other amounts payable | 47/48 | €350 | - | -€350 | |
| Remuneration, social security and pensions | 62 | €7,137 | €19,007 | +€11,870 | +166% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,563 | €15,833 | +€10,271 | +185% |
| Other operating charges | 640/8 | €1,911 | €3,821 | +€1,910 | +100.0% |
| Non-recurring operating charges | 66A | €383 | €1,212 | +€829 | +217% |
| Gross operating margin | 9900 | €36,860 | €35,817 | -€1,043 | -2.8% |
| Operating profit (loss) | 9901 | €21,867 | -€4,056 | -€25,922 | |
| Financial income | 75/76B | €1,648 | €472 | -€1,176 | -71.3% |
| Recurring financial income | 75 | €1,648 | €472 | -€1,176 | -71.3% |
| Financial charges | 65/66B | €2,507 | €4,557 | +€2,050 | +81.8% |
| Recurring financial charges | 65 | €2,507 | €4,557 | +€2,050 | +81.8% |
| Profit (loss) for the period before taxes | 9903 | €21,007 | -€8,141 | -€29,148 | |
| Profit (loss) for the period | 9904 | €21,007 | -€8,141 | -€29,148 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,007 | -€8,141 | -€29,148 |
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 16 October 2026 via checked.be.