Bert Van de Vijver: 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.
Bert Van de Vijver
Largest movements
- Cash +€101,478
up €101,478 (+205%), from €49,441 to €150,919
mainly Net result for the year (+€45,941) and Depreciation (+€45,136)
- Tangible fixed assets -€33,186
down €33,186 (-7.1%), from €466,956 to €433,770
of which Land and buildings: -€28,710
- Receivables within one year -€24,265
down €24,265 (-42.7%), from €56,853 to €32,588
of which Trade receivables: -€18,962
- Reserves +€32,944
up €32,944 (+20.2%), from €163,368 to €196,312
- Tax, wage and social debts +€23,871
up €23,871 (+153%), from €15,567 to €39,438
of which Taxes: +€23,835
- Debts after one year -€17,698
down €17,698 (-5.0%), from €351,355 to €333,657
- Gross operating margin +€47,515
up €47,515 (+68.3%), from €69,519 to €117,034
- Taxes +€13,580
up €13,580 (+235%), from €5,786 to €19,366
- Provisions -€7,282
down €7,282 (-100%), from €7,282 to €0
- Depreciation +€6,972
up €6,972 (+18.3%), from €38,163 to €45,136
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 | €691,499 | €732,164 | +€40,665 | +5.9% |
| Fixed assets | 21/28 | €467,401 | €434,216 | -€33,186 | -7.1% |
| Tangible fixed assets | 22/27 | €466,956 | €433,770 | -€33,186 | -7.1% |
| Land and buildings | 22 | €412,655 | €383,945 | -€28,710 | -7.0% |
| Furniture and vehicles | 24 | €54,301 | €49,825 | -€4,476 | -8.2% |
| Financial fixed assets | 28 | €445 | €445 | = | 0.0% |
| Current assets | 29/58 | €224,097 | €297,948 | +€73,851 | +33.0% |
| Amounts receivable after more than one year | 29 | €30,000 | €30,000 | = | 0.0% |
| Other amounts receivable | 291 | €30,000 | €30,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €56,853 | €32,588 | -€24,265 | -42.7% |
| Trade receivables | 40 | €38,720 | €19,758 | -€18,962 | -49.0% |
| Other amounts receivable | 41 | €18,133 | €12,830 | -€5,303 | -29.2% |
| Cash at bank and in hand | 54/58 | €49,441 | €150,919 | +€101,478 | +205% |
| Deferred charges and accrued income | 490/1 | €87,803 | €84,442 | -€3,361 | -3.8% |
| Total equity and liabilities | 10/49 | €691,499 | €732,164 | +€40,665 | +5.9% |
| Equity | 10/15 | €177,032 | €209,976 | +€32,944 | +18.6% |
| Contributions | 10/11 | €13,600 | €13,600 | = | 0.0% |
| Reserves | 13 | €163,368 | €196,312 | +€32,944 | +20.2% |
| Distributable reserves | 133 | €163,368 | €196,312 | +€32,944 | +20.2% |
| Profit (loss) carried forward | 14 | €64 | €64 | = | 0.0% |
| Provisions and deferred taxes | 16 | €125,000 | €125,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €125,000 | €125,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €125,000 | €125,000 | = | 0.0% |
| Amounts payable | 17/49 | €389,466 | €397,188 | +€7,722 | +2.0% |
| Amounts payable after more than one year | 17 | €351,355 | €333,657 | -€17,698 | -5.0% |
| Financial debts | 170/4 | €351,355 | €333,657 | -€17,698 | -5.0% |
| Amounts payable within one year | 42/48 | €38,112 | €63,531 | +€25,419 | +66.7% |
| Current portion of amounts payable after more than one year | 42 | €17,379 | €17,698 | +€319 | +1.8% |
| Trade debts | 44 | €5,166 | €6,396 | +€1,230 | +23.8% |
| Suppliers | 440/4 | €5,166 | €6,396 | +€1,230 | +23.8% |
| Taxes, remuneration and social security | 45 | €15,567 | €39,438 | +€23,871 | +153% |
| Taxes | 450/3 | €10,690 | €34,525 | +€23,835 | +223% |
| Remuneration and social security | 454/9 | €4,877 | €4,913 | +€36 | +0.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €250 | +€250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,163 | €45,136 | +€6,972 | +18.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €7,282 | €0 | -€7,282 | -100% |
| Other operating charges | 640/8 | €2,349 | €1,867 | -€482 | -20.5% |
| Gross operating margin | 9900 | €69,519 | €117,034 | +€47,515 | +68.3% |
| Operating profit (loss) | 9901 | €21,724 | €70,032 | +€48,308 | +222% |
| Financial income | 75/76B | €1,206 | €2,054 | +€849 | +70.4% |
| Recurring financial income | 75 | €1,206 | €2,054 | +€849 | +70.4% |
| Financial charges | 65/66B | €7,136 | €6,779 | -€357 | -5.0% |
| Recurring financial charges | 65 | €7,136 | €6,779 | -€357 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | €15,794 | €65,307 | +€49,513 | +313% |
| Income taxes | 67/77 | €5,786 | €19,366 | +€13,580 | +235% |
| Profit (loss) for the period | 9904 | €10,008 | €45,941 | +€35,933 | +359% |
| Profit (loss) for the period to be appropriated | 9905 | €10,008 | €45,941 | +€35,933 | +359% |
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 13 October 2026 via checked.be.