Arvid Van Tornout: 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.
Arvid Van Tornout
Largest movements
- Stocks and contracts +€10,580
up €10,580 (+15.4%), from €68,893 to €79,473
- Cash -€10,291
down €10,291 (-48.6%), from €21,153 to €10,863
mainly Trade debts (-€15,454) and Stocks and contracts (-€10,580)
- Tangible fixed assets -€9,789
down €9,789 (-41.3%), from €23,698 to €13,909
of which Plant, machinery and equipment: -€8,650
- Reserves +€16,056
up €16,056 (+30.7%), from €52,347 to €68,402
- Trade debts -€15,454
down €15,454 (-60.7%), from €25,449 to €9,995
- Other debts -€5,314
down €5,314 (-43.3%), from €12,262 to €6,948
- Debts after one year -€4,359
down €4,359 (-39.8%), from €10,960 to €6,601
- Gross operating margin +€2,095
up €2,095 (+6.9%), from €30,486 to €32,581
- Depreciation -€1,617
down €1,617 (-13.5%), from €11,966 to €10,349
- Taxes +€643
up €643 (+15.8%), from €4,078 to €4,720
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 | €122,168 | €112,130 | -€10,038 | -8.2% |
| Fixed assets | 21/28 | €24,448 | €14,659 | -€9,789 | -40.0% |
| Tangible fixed assets | 22/27 | €23,698 | €13,909 | -€9,789 | -41.3% |
| Plant, machinery and equipment | 23 | €19,741 | €11,091 | -€8,650 | -43.8% |
| Furniture and vehicles | 24 | €3,957 | €2,258 | -€1,699 | -42.9% |
| Other tangible fixed assets | 26 | - | €560 | +€560 | |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €97,720 | €97,471 | -€249 | -0.3% |
| Stocks and contracts in progress | 3 | €68,893 | €79,473 | +€10,580 | +15.4% |
| Stocks | 30/36 | €68,893 | €79,473 | +€10,580 | +15.4% |
| Amounts receivable within one year | 40/41 | €6,611 | €6,075 | -€536 | -8.1% |
| Trade receivables | 40 | €6,606 | €6,070 | -€536 | -8.1% |
| Other amounts receivable | 41 | €5 | €5 | +€0 | +7.3% |
| Cash at bank and in hand | 54/58 | €21,153 | €10,863 | -€10,291 | -48.6% |
| Deferred charges and accrued income | 490/1 | €1,063 | €1,061 | -€3 | -0.2% |
| Total equity and liabilities | 10/49 | €122,168 | €112,130 | -€10,038 | -8.2% |
| Equity | 10/15 | €57,347 | €73,402 | +€16,056 | +28.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €52,347 | €68,402 | +€16,056 | +30.7% |
| Distributable reserves | 133 | €52,347 | €68,402 | +€16,056 | +30.7% |
| Amounts payable | 17/49 | €64,822 | €38,728 | -€26,093 | -40.3% |
| Amounts payable after more than one year | 17 | €10,960 | €6,601 | -€4,359 | -39.8% |
| Financial debts | 170/4 | €10,960 | €6,601 | -€4,359 | -39.8% |
| Amounts payable within one year | 42/48 | €53,861 | €32,127 | -€21,734 | -40.4% |
| Current portion of amounts payable after more than one year | 42 | €4,207 | €4,359 | +€152 | +3.6% |
| Trade debts | 44 | €25,449 | €9,995 | -€15,454 | -60.7% |
| Suppliers | 440/4 | €25,449 | €9,995 | -€15,454 | -60.7% |
| Taxes, remuneration and social security | 45 | €11,944 | €10,825 | -€1,118 | -9.4% |
| Taxes | 450/3 | €11,944 | €10,825 | -€1,118 | -9.4% |
| Other amounts payable | 47/48 | €12,262 | €6,948 | -€5,314 | -43.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,966 | €10,349 | -€1,617 | -13.5% |
| Other operating charges | 640/8 | €720 | €844 | +€124 | +17.2% |
| Gross operating margin | 9900 | €30,486 | €32,581 | +€2,095 | +6.9% |
| Operating profit (loss) | 9901 | €17,800 | €21,388 | +€3,588 | +20.2% |
| Financial income | 75/76B | €89 | - | -€89 | |
| Recurring financial income | 75 | €89 | - | -€89 | |
| Financial charges | 65/66B | €731 | €612 | -€119 | -16.3% |
| Recurring financial charges | 65 | €731 | €612 | -€119 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | €17,158 | €20,776 | +€3,618 | +21.1% |
| Income taxes | 67/77 | €4,078 | €4,720 | +€643 | +15.8% |
| Profit (loss) for the period | 9904 | €13,080 | €16,056 | +€2,976 | +22.7% |
| Profit (loss) for the period to be appropriated | 9905 | €13,080 | €16,056 | +€2,976 | +22.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.