ANDY VANDEVYVER: 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.
ANDY VANDEVYVER
Largest movements
- Cash -€71,318
down €71,318 (-12.4%), from €574,510 to €503,192
mainly Net result for the year (-€72,381) and Tax, wage and social debts (-€465)
- Profit (loss) carried forward -€142,381
down €142,381 (-64.1%), from €222,225 to €79,844
- Reserves +€70,000
up €70,000 (+21.9%), from €319,519 to €389,519
of which Distributable reserves: +€70,000
- Gross operating margin -€166,559
down €166,559, from €90,002 to -€76,557
- Financial income -€165,116
down €165,116 (-94.8%), from €174,224 to €9,108
of which Non-recurring financial income: -€174,224
- Taxes -€20,212
down €20,212 (-89.9%), from €22,480 to €2,268
- Depreciation -€16,498
down €16,498 (-90.0%), from €18,327 to €1,829
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 | €596,744 | €523,898 | -€72,846 | -12.2% |
| Fixed assets | 21/28 | €20,917 | €19,088 | -€1,829 | -8.7% |
| Tangible fixed assets | 22/27 | €20,917 | €19,088 | -€1,829 | -8.7% |
| Plant, machinery and equipment | 23 | €2,884 | €1,759 | -€1,125 | -39.0% |
| Furniture and vehicles | 24 | €18,033 | €17,329 | -€704 | -3.9% |
| Current assets | 29/58 | €575,827 | €504,810 | -€71,017 | -12.3% |
| Amounts receivable within one year | 40/41 | €1,317 | €1,618 | +€301 | +22.9% |
| Other amounts receivable | 41 | €1,317 | €1,618 | +€301 | +22.9% |
| Cash at bank and in hand | 54/58 | €574,510 | €503,192 | -€71,318 | -12.4% |
| Total equity and liabilities | 10/49 | €596,744 | €523,898 | -€72,846 | -12.2% |
| Equity | 10/15 | €591,744 | €519,363 | -€72,381 | -12.2% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Capital | 10 | - | €50,000 | +€50,000 | |
| Issued capital | 100 | - | €50,000 | +€50,000 | |
| Reserves | 13 | €319,519 | €389,519 | +€70,000 | +21.9% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Legal reserve | 130 | - | €5,000 | +€5,000 | |
| Reserves not available under the articles | 1311 | €5,000 | - | -€5,000 | |
| Distributable reserves | 133 | €314,519 | €384,519 | +€70,000 | +22.3% |
| Profit (loss) carried forward | 14 | €222,225 | €79,844 | -€142,381 | -64.1% |
| Amounts payable | 17/49 | €5,000 | €4,535 | -€465 | -9.3% |
| Amounts payable within one year | 42/48 | €5,000 | €4,535 | -€465 | -9.3% |
| Taxes, remuneration and social security | 45 | €5,000 | €4,535 | -€465 | -9.3% |
| Taxes | 450/3 | €5,000 | €4,535 | -€465 | -9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,327 | €1,829 | -€16,498 | -90.0% |
| Other operating charges | 640/8 | €450 | €654 | +€204 | +45.3% |
| Gross operating margin | 9900 | €90,002 | -€76,557 | -€166,559 | |
| Operating profit (loss) | 9901 | €71,225 | -€79,040 | -€150,265 | |
| Financial income | 75/76B | €174,224 | €9,108 | -€165,116 | -94.8% |
| Recurring financial income | 75 | €174,224 | €9,108 | -€165,116 | -94.8% |
| Non-recurring financial income | 76B | €174,224 | - | -€174,224 | |
| Financial charges | 65/66B | €744 | €181 | -€563 | -75.7% |
| Recurring financial charges | 65 | €744 | €181 | -€563 | -75.7% |
| Profit (loss) for the period before taxes | 9903 | €244,705 | -€70,113 | -€314,818 | |
| Income taxes | 67/77 | €22,480 | €2,268 | -€20,212 | -89.9% |
| Profit (loss) for the period | 9904 | €222,225 | -€72,381 | -€294,606 | |
| Profit (loss) for the period to be appropriated | 9905 | €222,225 | -€72,381 | -€294,606 |
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 17 October 2026 via checked.be.