CHRISTOPHE VANDEVIVERE: what changed
CHRISTOPHE VANDEVIVERE
Largest movements
- Receivables within one year -€46,733
down €46,733 (-79.6%), from €58,679 to €11,945
of which Trade receivables: -€40,687
- Receivables after one year +€24,085
up €24,085 (+77.9%), from €30,915 to €55,000
- Deferred charges and accrued income -€7,454
down €7,454 (-73.4%), from €10,149 to €2,695
- Tangible fixed assets -€6,795
down €6,795 (-26.9%), from €25,241 to €18,446
of which Furniture and vehicles: -€4,617
- Cash -€4,482
down €4,482 (-28.3%), from €15,851 to €11,369
mainly Trade debts (-€31,359) and Receivables after one year (-€24,085)
- Trade debts -€31,359
down €31,359 (-67.1%), from €46,731 to €15,372
of which Suppliers: -€31,400
- Advances received -€11,204
no longer reported in 2025 (was €11,204)
- Other debts +€8,680
up €8,680 (+7,024%), from €124 to €8,803
- Profit (loss) carried forward +€6,892
up €6,892 (+11.9%), from €57,928 to €64,820
- Debts after one year -€5,491
down €5,491 (-58.8%), from €9,345 to €3,854
- Gross operating margin -€8,232
down €8,232 (-25.5%), from €32,228 to €23,997
- Depreciation -€6,176
down €6,176 (-41.4%), from €14,916 to €8,740
- Financial charges +€1,341
up €1,341 (+40.8%), from €3,284 to €4,625
- Taxes -€723
down €723 (-20.8%), from €3,470 to €2,746
- Financial income -€465
down €465 (-62.1%), from €749 to €283
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €149,926 | €111,806 | -€38,120 | -25.4% |
| Fixed assets | 21/28 | €25,241 | €18,446 | -€6,795 | -26.9% |
| Tangible fixed assets | 22/27 | €25,241 | €18,446 | -€6,795 | -26.9% |
| Land and buildings | 22 | €1,633 | €3,155 | +€1,521 | +93.2% |
| Plant, machinery and equipment | 23 | €10,763 | €7,064 | -€3,699 | -34.4% |
| Furniture and vehicles | 24 | €12,845 | €8,228 | -€4,617 | -35.9% |
| Current assets | 29/58 | €124,685 | €93,360 | -€31,325 | -25.1% |
| Amounts receivable after more than one year | 29 | €30,915 | €55,000 | +€24,085 | +77.9% |
| Other amounts receivable | 291 | €30,915 | €55,000 | +€24,085 | +77.9% |
| Stocks and contracts in progress | 3 | €9,091 | €12,351 | +€3,260 | +35.9% |
| Stocks | 30/36 | €9,091 | €12,351 | +€3,260 | +35.9% |
| Amounts receivable within one year | 40/41 | €58,679 | €11,945 | -€46,733 | -79.6% |
| Trade receivables | 40 | €49,848 | €9,161 | -€40,687 | -81.6% |
| Other amounts receivable | 41 | €8,831 | €2,784 | -€6,046 | -68.5% |
| Cash at bank and in hand | 54/58 | €15,851 | €11,369 | -€4,482 | -28.3% |
| Deferred charges and accrued income | 490/1 | €10,149 | €2,695 | -€7,454 | -73.4% |
| Total equity and liabilities | 10/49 | €149,926 | €111,806 | -€38,120 | -25.4% |
| Equity | 10/15 | €62,928 | €69,820 | +€6,892 | +11.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,928 | €64,820 | +€6,892 | +11.9% |
| Amounts payable | 17/49 | €86,998 | €41,986 | -€45,012 | -51.7% |
| Amounts payable after more than one year | 17 | €9,345 | €3,854 | -€5,491 | -58.8% |
| Financial debts | 170/4 | €9,345 | €3,854 | -€5,491 | -58.8% |
| Amounts payable within one year | 42/48 | €76,827 | €37,243 | -€39,584 | -51.5% |
| Current portion of amounts payable after more than one year | 42 | €9,306 | €5,846 | -€3,460 | -37.2% |
| Trade debts | 44 | €46,731 | €15,372 | -€31,359 | -67.1% |
| Suppliers | 440/4 | €46,731 | €15,331 | -€31,400 | -67.2% |
| Bills of exchange payable | 441 | - | €41 | +€41 | |
| Advances received on contracts in progress | 46 | €11,204 | - | -€11,204 | |
| Taxes, remuneration and social security | 45 | €9,462 | €7,222 | -€2,240 | -23.7% |
| Taxes | 450/3 | €9,462 | €7,222 | -€2,240 | -23.7% |
| Other amounts payable | 47/48 | €124 | €8,803 | +€8,680 | +7,024% |
| Accrued charges and deferred income | 492/3 | €826 | €889 | +€63 | +7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,916 | €8,740 | -€6,176 | -41.4% |
| Other operating charges | 640/8 | €952 | €1,276 | +€324 | +34.1% |
| Gross operating margin | 9900 | €32,228 | €23,997 | -€8,232 | -25.5% |
| Operating profit (loss) | 9901 | €16,360 | €13,980 | -€2,380 | -14.5% |
| Financial income | 75/76B | €749 | €283 | -€465 | -62.1% |
| Recurring financial income | 75 | €749 | €283 | -€465 | -62.1% |
| Financial charges | 65/66B | €3,284 | €4,625 | +€1,341 | +40.8% |
| Recurring financial charges | 65 | €3,284 | €4,625 | +€1,341 | +40.8% |
| Profit (loss) for the period before taxes | 9903 | €13,825 | €9,639 | -€4,186 | -30.3% |
| Income taxes | 67/77 | €3,470 | €2,746 | -€723 | -20.8% |
| Profit (loss) for the period | 9904 | €10,356 | €6,892 | -€3,463 | -33.4% |
| Profit (loss) for the period to be appropriated | 9905 | €10,356 | €6,892 | -€3,463 | -33.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.