Dr. VAN ASCH YVES: what changed
Dr. VAN ASCH YVES
Largest movements
- Cash +€355,061
up €355,061 (+199%), from €178,068 to €533,129
mainly Net result for the year (+€230,121) and Current investments (+€222,938)
- Current investments -€222,938
down €222,938 (-33.8%), from €659,096 to €436,159
- Receivables within one year +€83,018
up €83,018 (+191%), from €43,362 to €126,380
- Deferred charges and accrued income -€14,103
down €14,103 (-63.5%), from €22,213 to €8,110
- Reserves +€230,121
up €230,121 (+27.8%), from €826,588 to €1.1m
of which Distributable reserves: +€185,471
- Tax, wage and social debts -€24,970
down €24,970 (-46.4%), from €53,836 to €28,866
- Financial income +€47,079
up €47,079 (+491%), from €9,594 to €56,672
of which Financial income: +€54,818
- Gross operating margin -€25,863
down €25,863 (-8.9%), from €289,507 to €263,645
- Financial charges -€18,132
down €18,132, from €9,342 to -€8,791
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 | €904,744 | €1,105,778 | +€201,034 | +22.2% |
| Fixed assets | 21/28 | €2,004 | €2,000 | -€4 | -0.2% |
| Tangible fixed assets | 22/27 | €4 | - | -€4 | |
| Furniture and vehicles | 24 | €4 | - | -€4 | |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €902,740 | €1,103,778 | +€201,038 | +22.3% |
| Amounts receivable within one year | 40/41 | €43,362 | €126,380 | +€83,018 | +191% |
| Other amounts receivable | 41 | €43,362 | €126,380 | +€83,018 | +191% |
| Current investments | 50/53 | €659,096 | €436,159 | -€222,938 | -33.8% |
| Cash at bank and in hand | 54/58 | €178,068 | €533,129 | +€355,061 | +199% |
| Deferred charges and accrued income | 490/1 | €22,213 | €8,110 | -€14,103 | -63.5% |
| Total equity and liabilities | 10/49 | €904,744 | €1,105,778 | +€201,034 | +22.2% |
| Equity | 10/15 | €845,188 | €1,075,309 | +€230,121 | +27.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €826,588 | €1,056,709 | +€230,121 | +27.8% |
| Tax-exempt reserves | 132 | €18,500 | €63,150 | +€44,650 | +241% |
| Distributable reserves | 133 | €808,088 | €993,559 | +€185,471 | +23.0% |
| Amounts payable | 17/49 | €59,557 | €30,469 | -€29,087 | -48.8% |
| Amounts payable within one year | 42/48 | €59,557 | €30,469 | -€29,087 | -48.8% |
| Trade debts | 44 | €5,721 | €1,604 | -€4,117 | -72.0% |
| Suppliers | 440/4 | €5,721 | €1,604 | -€4,117 | -72.0% |
| Taxes, remuneration and social security | 45 | €53,836 | €28,866 | -€24,970 | -46.4% |
| Taxes | 450/3 | €53,836 | €28,866 | -€24,970 | -46.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €669 | €4 | -€664 | -99.3% |
| Other operating charges | 640/8 | €3,009 | €3,113 | +€104 | +3.5% |
| Non-recurring operating charges | 66A | - | €5,245 | +€5,245 | |
| Gross operating margin | 9900 | €289,507 | €263,645 | -€25,863 | -8.9% |
| Operating profit (loss) | 9901 | €285,829 | €255,282 | -€30,547 | -10.7% |
| Financial income | 75/76B | €9,594 | €56,672 | +€47,079 | +491% |
| Recurring financial income | 75 | €1,854 | €56,672 | +€54,818 | +2,956% |
| Non-recurring financial income | 76B | €7,739 | - | -€7,739 | |
| Financial charges | 65/66B | €9,342 | -€8,791 | -€18,132 | |
| Recurring financial charges | 65 | €9,342 | -€8,791 | -€18,132 | |
| Profit (loss) for the period before taxes | 9903 | €286,081 | €320,745 | +€34,664 | +12.1% |
| Income taxes | 67/77 | €92,095 | €90,624 | -€1,471 | -1.6% |
| Profit (loss) for the period | 9904 | €193,986 | €230,121 | +€36,135 | +18.6% |
| Transfer from tax-exempt reserves | 789 | €42,606 | - | -€42,606 | |
| Transfer to tax-exempt reserves | 689 | €18,500 | €44,650 | +€26,150 | +141% |
| Profit (loss) for the period to be appropriated | 9905 | €218,092 | €185,471 | -€32,621 | -15.0% |
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 6 November 2026 via checked.be.