ETIENNE VAN VYVE: 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.
ETIENNE VAN VYVE
Largest movements
- Cash +€8,897
up €8,897 (+19.0%), from €46,924 to €55,821
mainly Net result for the year (+€18,870) and Depreciation (+€5,116)
- Deferred charges and accrued income +€2,833
new in 2025: €2,833
- Receivables within one year -€1,520
down €1,520 (-15.9%), from €9,567 to €8,047
of which Trade receivables: -€1,520
- Reserves +€18,870
up €18,870 (+35.8%), from €52,636 to €71,506
- Other debts -€7,104
down €7,104 (-52.2%), from €13,621 to €6,517
- Tax, wage and social debts -€1,516
down €1,516 (-15.9%), from €9,555 to €8,038
- Gross operating margin -€8,241
down €8,241 (-18.8%), from €43,719 to €35,478
- Taxes -€2,807
down €2,807 (-21.7%), from €12,906 to €10,099
- Depreciation +€725
up €725 (+16.5%), from €4,391 to €5,116
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 | €88,211 | €98,461 | +€10,250 | +11.6% |
| Fixed assets | 21/28 | €31,720 | €31,760 | +€39 | +0.1% |
| Tangible fixed assets | 22/27 | €30,233 | €30,272 | +€39 | +0.1% |
| Plant, machinery and equipment | 23 | €1,172 | €1,834 | +€662 | +56.4% |
| Furniture and vehicles | 24 | €17,951 | €18,587 | +€636 | +3.5% |
| Other tangible fixed assets | 26 | €11,109 | €9,851 | -€1,258 | -11.3% |
| Financial fixed assets | 28 | €1,487 | €1,487 | = | 0.0% |
| Current assets | 29/58 | €56,491 | €66,702 | +€10,211 | +18.1% |
| Amounts receivable within one year | 40/41 | €9,567 | €8,047 | -€1,520 | -15.9% |
| Trade receivables | 40 | €9,567 | €8,047 | -€1,520 | -15.9% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €46,924 | €55,821 | +€8,897 | +19.0% |
| Deferred charges and accrued income | 490/1 | - | €2,833 | +€2,833 | |
| Total equity and liabilities | 10/49 | €88,211 | €98,461 | +€10,250 | +11.6% |
| Equity | 10/15 | €65,036 | €83,906 | +€18,870 | +29.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €52,636 | €71,506 | +€18,870 | +35.8% |
| Distributable reserves | 133 | €52,636 | €71,506 | +€18,870 | +35.8% |
| Amounts payable | 17/49 | €23,175 | €14,555 | -€8,620 | -37.2% |
| Amounts payable within one year | 42/48 | €23,175 | €14,555 | -€8,620 | -37.2% |
| Taxes, remuneration and social security | 45 | €9,555 | €8,038 | -€1,516 | -15.9% |
| Taxes | 450/3 | €9,555 | €8,038 | -€1,516 | -15.9% |
| Other amounts payable | 47/48 | €13,621 | €6,517 | -€7,104 | -52.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,391 | €5,116 | +€725 | +16.5% |
| Other operating charges | 640/8 | €1,017 | €1,012 | -€5 | -0.5% |
| Gross operating margin | 9900 | €43,719 | €35,478 | -€8,241 | -18.8% |
| Operating profit (loss) | 9901 | €38,311 | €29,350 | -€8,961 | -23.4% |
| Financial income | 75/76B | €0 | €0 | +€0 | +25.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +25.0% |
| Financial charges | 65/66B | €428 | €381 | -€48 | -11.1% |
| Recurring financial charges | 65 | €428 | €381 | -€48 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | €37,882 | €28,969 | -€8,913 | -23.5% |
| Income taxes | 67/77 | €12,906 | €10,099 | -€2,807 | -21.7% |
| Profit (loss) for the period | 9904 | €24,976 | €18,870 | -€6,106 | -24.4% |
| Profit (loss) for the period to be appropriated | 9905 | €24,976 | €18,870 | -€6,106 | -24.4% |
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 25 October 2026 via checked.be.