A. Van de Vijver & Co: 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.
A. Van de Vijver & Co
Largest movements
- Cash +€143,019
up €143,019 (+194%), from €73,740 to €216,758
mainly Trade debts (+€129,717) and Current investments (+€49,853)
- Current investments -€49,853
down €49,853 (-24.4%), from €204,339 to €154,486
- Stocks and contracts +€40,000
new in 2025: €40,000
- Receivables within one year +€10,170
up €10,170 (+1,096%), from €928 to €11,098
of which Other amounts receivable: +€6,230
- Trade debts +€129,717
up €129,717 (+485%), from €26,734 to €156,451
- Other debts +€32,322
up €32,322 (+19.9%), from €162,555 to €194,877
- Reserves -€19,302
down €19,302 (-15.0%), from €128,680 to €109,378
- Gross operating margin +€44,728
up €44,728 (+187%), from €23,862 to €68,590
- Financial charges +€16,612
up €16,612 (+399%), from €4,168 to €20,780
of which Non-recurring financial charges: +€16,515
- Taxes +€6,877
up €6,877 (+63.7%), from €10,799 to €17,676
- Financial income -€4,230
down €4,230 (-38.2%), from €11,082 to €6,852
of which Financial income: -€6,379
- Other operating charges +€2,598
up €2,598 (+33.7%), from €7,707 to €10,305
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 | €344,831 | €485,744 | +€140,914 | +40.9% |
| Fixed assets | 21/28 | €62,511 | €60,179 | -€2,332 | -3.7% |
| Tangible fixed assets | 22/27 | €8,307 | €5,975 | -€2,332 | -28.1% |
| Plant, machinery and equipment | 23 | €6,914 | €4,875 | -€2,039 | -29.5% |
| Furniture and vehicles | 24 | €293 | - | -€293 | |
| Other tangible fixed assets | 26 | €1,100 | €1,100 | = | 0.0% |
| Financial fixed assets | 28 | €54,204 | €54,204 | = | 0.0% |
| Current assets | 29/58 | €282,320 | €425,566 | +€143,246 | +50.7% |
| Stocks and contracts in progress | 3 | - | €40,000 | +€40,000 | |
| Contracts in progress | 37 | - | €40,000 | +€40,000 | |
| Amounts receivable within one year | 40/41 | €928 | €11,098 | +€10,170 | +1,096% |
| Trade receivables | 40 | - | €3,940 | +€3,940 | |
| Other amounts receivable | 41 | €928 | €7,158 | +€6,230 | +671% |
| Current investments | 50/53 | €204,339 | €154,486 | -€49,853 | -24.4% |
| Cash at bank and in hand | 54/58 | €73,740 | €216,758 | +€143,019 | +194% |
| Deferred charges and accrued income | 490/1 | €3,313 | €3,224 | -€89 | -2.7% |
| Total equity and liabilities | 10/49 | €344,831 | €485,744 | +€140,914 | +40.9% |
| Equity | 10/15 | €147,230 | €127,928 | -€19,302 | -13.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €128,680 | €109,378 | -€19,302 | -15.0% |
| Distributable reserves | 133 | €128,680 | €109,378 | -€19,302 | -15.0% |
| Amounts payable | 17/49 | €197,600 | €357,816 | +€160,216 | +81.1% |
| Amounts payable within one year | 42/48 | €195,537 | €356,823 | +€161,286 | +82.5% |
| Trade debts | 44 | €26,734 | €156,451 | +€129,717 | +485% |
| Suppliers | 440/4 | €26,734 | €156,451 | +€129,717 | +485% |
| Taxes, remuneration and social security | 45 | €6,248 | €5,495 | -€753 | -12.1% |
| Taxes | 450/3 | €6,248 | €5,495 | -€753 | -12.1% |
| Other amounts payable | 47/48 | €162,555 | €194,877 | +€32,322 | +19.9% |
| Accrued charges and deferred income | 492/3 | €2,063 | €993 | -€1,070 | -51.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,886 | €2,332 | +€446 | +23.7% |
| Other operating charges | 640/8 | €7,707 | €10,305 | +€2,598 | +33.7% |
| Gross operating margin | 9900 | €23,862 | €68,590 | +€44,728 | +187% |
| Operating profit (loss) | 9901 | €14,269 | €55,952 | +€41,684 | +292% |
| Financial income | 75/76B | €11,082 | €6,852 | -€4,230 | -38.2% |
| Recurring financial income | 75 | €11,082 | €4,703 | -€6,379 | -57.6% |
| Non-recurring financial income | 76B | - | €2,149 | +€2,149 | |
| Financial charges | 65/66B | €4,168 | €20,780 | +€16,612 | +399% |
| Recurring financial charges | 65 | €4,168 | €4,265 | +€97 | +2.3% |
| Non-recurring financial charges | 66B | - | €16,515 | +€16,515 | |
| Profit (loss) for the period before taxes | 9903 | €21,183 | €42,024 | +€20,841 | +98.4% |
| Income taxes | 67/77 | €10,799 | €17,676 | +€6,877 | +63.7% |
| Profit (loss) for the period | 9904 | €10,384 | €24,348 | +€13,964 | +134% |
| Profit (loss) for the period to be appropriated | 9905 | €10,384 | €24,348 | +€13,964 | +134% |
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 25 October 2026 via checked.be.