INDURENT VAN HYFTE: 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.
What changed
INDURENT VAN HYFTE
NACE 73.110, Advertising agencies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€138,342
2024 · €54,457+€83,885
Equity
€2.5m
2024 · €2.4m+€138,342
Cash
€163,953
2024 · €184,458-€20,504
Balance sheet total
€4.8m
2024 · €3.1m+€1.7m
Largest movements
Assets
- Receivables within one year +€1.6m
up €1.6m (+84.5%), from €1.9m to €3.5m
of which Other amounts receivable: +€1.6m
- Stocks and contracts +€115,787
new in 2025: €115,787
- Deferred charges and accrued income +€71,909
up €71,909 (+204%), from €35,251 to €107,160
- Tangible fixed assets -€63,040
down €63,040 (-6.3%), from €993,377 to €930,338
of which Land and buildings: -€46,641
Equity and liabilities
- Debts after one year +€1.6m
up €1.6m (+769%), from €207,237 to €1.8m
- Reserves +€138,050
up €138,050 (+6.2%), from €2.2m to €2.4m
of which Distributable reserves: +€170,000
Income statement
- Gross operating margin +€187,108
up €187,108 (+197%), from €94,851 to €281,960
- Financial charges +€58,070
up €58,070 (+987%), from €5,882 to €63,951
- Taxes +€25,229
up €25,229 (+68.4%), from €36,868 to €62,097
- Depreciation +€14,402
up €14,402 (+17.0%), from €84,583 to €98,985
- Staff costs +€12,564
new in 2025: €12,564
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.
Result 2024
€54,457
Gross operating margin
+€187,108
Staff costs
-€12,564
Depreciation
-€14,402
Other operating charges
-€464
Financial income
+€7,506
Financial charges
-€58,070
Taxes
-€25,229
Result 2025
€138,342
raises the resultlowers the result
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.
From operations
-€1.6m
Investment
-€35,946
Financing
+€1.6m
Cash 2024
€184,458
From operations (derived)
-€1.6m
Net result for the year
+€138,342
Depreciation
+€98,985
Stocks and contracts
-€115,787
Receivables within one year
-€1.6m
Deferred charges and accrued income
-€71,909
Provisions
-€16,452
Trade debts
-€6,466
Tax, wage and social debts
+€5,556
Other debts
-€6,482
Accrued charges and deferred income
+€103
Investment (derived)
-€35,946
Investment in fixed assets (net)
-€35,946
Financing
+€1.6m
Debts after one year
+€1.6m
Current portion of long-term debt
+€983
Cash 2025
€163,953
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,114,004 | €4,823,849 | +€1.7m | +54.9% |
| Fixed assets | 21/28 | €993,378 | €930,339 | -€63,040 | -6.3% |
| Tangible fixed assets | 22/27 | €993,377 | €930,338 | -€63,040 | -6.3% |
| Land and buildings | 22 | €854,916 | €808,275 | -€46,641 | -5.5% |
| Plant, machinery and equipment | 23 | €17,397 | €15,997 | -€1,400 | -8.0% |
| Furniture and vehicles | 24 | €24,531 | €30,855 | +€6,324 | +25.8% |
| Leasing and similar rights | 25 | €96,533 | €75,211 | -€21,322 | -22.1% |
| Financial fixed assets | 28 | €1 | €1 | = | 0.0% |
| Current assets | 29/58 | €2,120,625 | €3,893,510 | +€1.8m | +83.6% |
| Stocks and contracts in progress | 3 | - | €115,787 | +€115,787 | |
| Stocks | 30/36 | - | €115,787 | +€115,787 | |
| Amounts receivable within one year | 40/41 | €1,900,916 | €3,506,610 | +€1.6m | +84.5% |
| Trade receivables | 40 | €794 | €22,896 | +€22,102 | +2,784% |
| Other amounts receivable | 41 | €1,900,123 | €3,483,714 | +€1.6m | +83.3% |
| Cash at bank and in hand | 54/58 | €184,458 | €163,953 | -€20,504 | -11.1% |
| Deferred charges and accrued income | 490/1 | €35,251 | €107,160 | +€71,909 | +204% |
| Total equity and liabilities | 10/49 | €3,114,004 | €4,823,849 | +€1.7m | +54.9% |
| Equity | 10/15 | €2,360,000 | €2,498,342 | +€138,342 | +5.9% |
| Contributions | 10/11 | €130,000 | €130,000 | = | 0.0% |
| Capital | 10 | €130,000 | €130,000 | = | 0.0% |
| Issued capital | 100 | €130,000 | €130,000 | = | 0.0% |
| Reserves | 13 | €2,229,814 | €2,367,865 | +€138,050 | +6.2% |
| Non-distributable reserves | 130/1 | €13,000 | €13,000 | = | 0.0% |
| Legal reserve | 130 | €13,000 | €13,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €465,501 | €433,551 | -€31,950 | -6.9% |
| Distributable reserves | 133 | €1,751,313 | €1,921,313 | +€170,000 | +9.7% |
| Profit (loss) carried forward | 14 | €186 | €478 | +€292 | +157% |
| Provisions and deferred taxes | 16 | €236,296 | €219,844 | -€16,452 | -7.0% |
| Deferred taxes | 168 | €236,296 | €219,844 | -€16,452 | -7.0% |
| Amounts payable | 17/49 | €517,708 | €2,105,663 | +€1.6m | +307% |
| Amounts payable after more than one year | 17 | €207,237 | €1,801,498 | +€1.6m | +769% |
| Financial debts | 170/4 | €207,237 | €1,801,498 | +€1.6m | +769% |
| Amounts payable within one year | 42/48 | €306,114 | €299,705 | -€6,409 | -2.1% |
| Current portion of amounts payable after more than one year | 42 | €32,109 | €33,092 | +€983 | +3.1% |
| Trade debts | 44 | €10,958 | €4,492 | -€6,466 | -59.0% |
| Suppliers | 440/4 | €10,958 | €4,492 | -€6,466 | -59.0% |
| Taxes, remuneration and social security | 45 | €30,786 | €36,342 | +€5,556 | +18.0% |
| Taxes | 450/3 | €30,786 | €33,281 | +€2,495 | +8.1% |
| Remuneration and social security | 454/9 | - | €3,061 | +€3,061 | |
| Other amounts payable | 47/48 | €232,262 | €225,779 | -€6,482 | -2.8% |
| Accrued charges and deferred income | 492/3 | €4,356 | €4,459 | +€103 | +2.4% |
| Remuneration, social security and pensions | 62 | - | €12,564 | +€12,564 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,583 | €98,985 | +€14,402 | +17.0% |
| Other operating charges | 640/8 | €20,493 | €20,957 | +€464 | +2.3% |
| Gross operating margin | 9900 | €94,851 | €281,960 | +€187,108 | +197% |
| Operating profit (loss) | 9901 | -€10,224 | €149,453 | +€159,677 | |
| Financial income | 75/76B | €90,979 | €98,486 | +€7,506 | +8.3% |
| Recurring financial income | 75 | €90,979 | €98,486 | +€7,506 | +8.3% |
| Financial charges | 65/66B | €5,882 | €63,951 | +€58,070 | +987% |
| Recurring financial charges | 65 | €5,882 | €63,951 | +€58,070 | +987% |
| Profit (loss) for the period before taxes | 9903 | €74,874 | €183,988 | +€109,114 | +146% |
| Transfer from deferred taxes | 780 | €16,452 | €16,452 | = | 0.0% |
| Income taxes | 67/77 | €36,868 | €62,097 | +€25,229 | +68.4% |
| Profit (loss) for the period | 9904 | €54,457 | €138,342 | +€83,885 | +154% |
| Transfer from tax-exempt reserves | 789 | €31,950 | €31,950 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €86,407 | €170,292 | +€83,885 | +97.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.