Dr. Van Valckenborgh FYG: what changed
Dr. Van Valckenborgh FYG
Largest movements
- Current investments +€323,472
up €323,472 (+262%), from €123,532 to €447,004
- Cash -€37,348
down €37,348 (-23.8%), from €157,005 to €119,657
mainly Current investments (-€323,472) and Receivables within one year (-€20,887)
- Receivables within one year +€20,887
up €20,887 (+17.5%), from €119,361 to €140,249
of which Trade receivables: +€19,049
- Tangible fixed assets -€11,984
down €11,984 (-24.4%), from €49,172 to €37,188
of which Furniture and vehicles: -€13,796
- Reserves +€276,268
up €276,268 (+76.4%), from €361,393 to €637,660
- Tax, wage and social debts +€13,731
up €13,731 (+17.0%), from €80,588 to €94,319
of which Taxes: +€13,731
- Gross operating margin +€55,885
up €55,885 (+17.3%), from €322,546 to €378,431
- Taxes +€14,846
up €14,846 (+19.3%), from €76,953 to €91,799
- Financial income +€4,938
up €4,938 (+290%), from €1,702 to €6,640
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 | €450,873 | €747,361 | +€296,487 | +65.8% |
| Fixed assets | 21/28 | €49,172 | €37,188 | -€11,984 | -24.4% |
| Tangible fixed assets | 22/27 | €49,172 | €37,188 | -€11,984 | -24.4% |
| Plant, machinery and equipment | 23 | €2,044 | €3,855 | +€1,811 | +88.6% |
| Furniture and vehicles | 24 | €47,129 | €33,333 | -€13,796 | -29.3% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €401,701 | €710,172 | +€308,471 | +76.8% |
| Amounts receivable within one year | 40/41 | €119,361 | €140,249 | +€20,887 | +17.5% |
| Trade receivables | 40 | €115,951 | €135,000 | +€19,049 | +16.4% |
| Other amounts receivable | 41 | €3,411 | €5,249 | +€1,838 | +53.9% |
| Current investments | 50/53 | €123,532 | €447,004 | +€323,472 | +262% |
| Cash at bank and in hand | 54/58 | €157,005 | €119,657 | -€37,348 | -23.8% |
| Deferred charges and accrued income | 490/1 | €1,802 | €3,263 | +€1,461 | +81.1% |
| Total equity and liabilities | 10/49 | €450,873 | €747,361 | +€296,487 | +65.8% |
| Equity | 10/15 | €364,393 | €640,660 | +€276,268 | +75.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €361,393 | €637,660 | +€276,268 | +76.4% |
| Distributable reserves | 133 | €361,393 | €637,660 | +€276,268 | +76.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €86,481 | €106,700 | +€20,219 | +23.4% |
| Amounts payable within one year | 42/48 | €82,436 | €99,205 | +€16,770 | +20.3% |
| Trade debts | 44 | €1,015 | €4,886 | +€3,872 | +382% |
| Suppliers | 440/4 | €1,015 | €4,886 | +€3,872 | +382% |
| Taxes, remuneration and social security | 45 | €80,588 | €94,319 | +€13,731 | +17.0% |
| Taxes | 450/3 | €78,115 | €91,846 | +€13,731 | +17.6% |
| Remuneration and social security | 454/9 | €2,473 | €2,473 | = | 0.0% |
| Other amounts payable | 47/48 | €833 | €0 | -€833 | -100% |
| Accrued charges and deferred income | 492/3 | €4,045 | €7,495 | +€3,450 | +85.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,358 | €15,042 | +€685 | +4.8% |
| Other operating charges | 640/8 | €1,544 | €1,389 | -€154 | -10.0% |
| Gross operating margin | 9900 | €322,546 | €378,431 | +€55,885 | +17.3% |
| Operating profit (loss) | 9901 | €306,645 | €362,000 | +€55,355 | +18.1% |
| Financial income | 75/76B | €1,702 | €6,640 | +€4,938 | +290% |
| Recurring financial income | 75 | €1,702 | €6,640 | +€4,938 | +290% |
| Financial charges | 65/66B | €1,038 | €573 | -€465 | -44.8% |
| Recurring financial charges | 65 | €1,038 | €573 | -€465 | -44.8% |
| Profit (loss) for the period before taxes | 9903 | €307,308 | €368,066 | +€60,758 | +19.8% |
| Income taxes | 67/77 | €76,953 | €91,799 | +€14,846 | +19.3% |
| Profit (loss) for the period | 9904 | €230,355 | €276,268 | +€45,913 | +19.9% |
| Profit (loss) for the period to be appropriated | 9905 | €230,355 | €276,268 | +€45,913 | +19.9% |
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 2 November 2026 via checked.be.