"D.VANTYGHEM": what changed
Two fiscal 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.
"D.VANTYGHEM"
Largest movements
- Tangible fixed assets +€200,561
up €200,561 (+258.6%), from €77,562 to €278,123
of which Land and buildings: +€151,213
- Cash +€22,964
up €22,964 (+7.1%), from €324,009 to €346,974
mainly Debts after one year (+€177,879) and Net result for the year (+€66,394)
- Receivables within one year -€17,034
down €17,034 (-60.3%), from €28,259 to €11,226
of which Trade receivables: -€19,534
- Stocks and contracts +€15,275
up €15,275 (+41.3%), from €36,940 to €52,215
- Debts after one year +€177,879
up €177,879 (+710.3%), from €25,041 to €202,920
- Reserves +€40,000
up €40,000 (+17.2%), from €232,388 to €272,388
of which Distributable reserves: +€40,000
- Trade debts -€22,254
down €22,254 (-55.1%), from €40,392 to €18,138
- Profit (loss) carried forward +€16,394
up €16,394 (+13.3%), from €123,553 to €139,947
- Turnover +€60,695
up €60,695 (+11.0%), from €550,982 to €611,677
- Purchases and services +€40,718
up €40,718 (+10.3%), from €394,856 to €435,574
- Other operating charges +€21,076
up €21,076 (+791.2%), from €2,664 to €23,740
- Gross operating margin +€7,119
up €7,119 (+3.9%), from €182,260 to €189,379
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.
Cash bridge derived
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 | €471,528 | €693,030 | +€221,502 | +47.0% |
| Fixed assets | 21/28 | €77,780 | €278,341 | +€200,561 | +257.9% |
| Tangible fixed assets | 22/27 | €77,562 | €278,123 | +€200,561 | +258.6% |
| Land and buildings | 22 | €23,914 | €175,127 | +€151,213 | +632.3% |
| Plant, machinery and equipment | 23 | €18,068 | €76,091 | +€58,023 | +321.1% |
| Furniture and vehicles | 24 | €35,580 | €26,904 | -€8,676 | -24.4% |
| Financial fixed assets | 28 | €218 | €218 | = | 0.0% |
| Current assets | 29/58 | €393,748 | €414,689 | +€20,942 | +5.3% |
| Stocks and contracts in progress | 3 | €36,940 | €52,215 | +€15,275 | +41.3% |
| Stocks | 30/36 | €36,940 | €52,215 | +€15,275 | +41.3% |
| Amounts receivable within one year | 40/41 | €28,259 | €11,226 | -€17,034 | -60.3% |
| Trade receivables | 40 | €28,095 | €8,562 | -€19,534 | -69.5% |
| Other amounts receivable | 41 | €164 | €2,664 | +€2,500 | +1524.4% |
| Cash at bank and in hand | 54/58 | €324,009 | €346,974 | +€22,964 | +7.1% |
| Deferred charges and accrued income | 490/1 | €4,539 | €4,275 | -€264 | -5.8% |
| Total equity and liabilities | 10/49 | €471,528 | €693,030 | +€221,502 | +47.0% |
| Equity | 10/15 | €374,542 | €430,935 | +€56,394 | +15.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €232,388 | €272,388 | +€40,000 | +17.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €230,528 | €270,528 | +€40,000 | +17.4% |
| Profit (loss) carried forward | 14 | €123,553 | €139,947 | +€16,394 | +13.3% |
| Amounts payable | 17/49 | €96,987 | €262,095 | +€165,108 | +170.2% |
| Amounts payable after more than one year | 17 | €25,041 | €202,920 | +€177,879 | +710.3% |
| Financial debts | 170/4 | €25,041 | €202,920 | +€177,879 | +710.3% |
| Amounts payable within one year | 42/48 | €71,821 | €59,175 | -€12,646 | -17.6% |
| Current portion of amounts payable after more than one year | 42 | €9,982 | €16,619 | +€6,638 | +66.5% |
| Trade debts | 44 | €40,392 | €18,138 | -€22,254 | -55.1% |
| Suppliers | 440/4 | €40,392 | €18,138 | -€22,254 | -55.1% |
| Taxes, remuneration and social security | 45 | €16,303 | €16,201 | -€101 | -0.6% |
| Taxes | 450/3 | €8,452 | €8,285 | -€167 | -2.0% |
| Remuneration and social security | 454/9 | €7,851 | €7,917 | +€66 | +0.8% |
| Other amounts payable | 47/48 | €5,144 | €8,216 | +€3,072 | +59.7% |
| Accrued charges and deferred income | 492/3 | €125 | - | -€125 | |
| Turnover | 70 | €550,982 | €611,677 | +€60,695 | +11.0% |
| Non-recurring operating income | 76A | €9,000 | - | -€9,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | €394,856 | €435,574 | +€40,718 | +10.3% |
| Remuneration, social security and pensions | 62 | €44,825 | €47,325 | +€2,501 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,400 | €20,730 | +€3,330 | +19.1% |
| Other operating charges | 640/8 | €2,664 | €23,740 | +€21,076 | +791.2% |
| Non-recurring operating charges | 66A | €495 | - | -€495 | |
| Gross operating margin | 9900 | €182,260 | €189,379 | +€7,119 | +3.9% |
| Operating profit (loss) | 9901 | €116,877 | €97,583 | -€19,294 | -16.5% |
| Financial income | 75/76B | €908 | €1,634 | +€726 | +80.0% |
| Recurring financial income | 75 | €908 | €1,634 | +€726 | +80.0% |
| Financial charges | 65/66B | €3,619 | €4,280 | +€661 | +18.3% |
| Recurring financial charges | 65 | €3,619 | €4,280 | +€661 | +18.3% |
| Profit (loss) for the period before taxes | 9903 | €114,166 | €94,937 | -€19,229 | -16.8% |
| Income taxes | 67/77 | €31,502 | €28,543 | -€2,960 | -9.4% |
| Profit (loss) for the period | 9904 | €82,663 | €66,394 | -€16,270 | -19.7% |
| Profit (loss) for the period to be appropriated | 9905 | €82,663 | €66,394 | -€16,270 | -19.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.