TYVAERT M.: 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.
TYVAERT M.
Largest movements
- Cash +€112,492
up €112,492 (+1918.3%), from €5,864 to €118,356
mainly Other debts (+€167,292) and Net result for the year (+€117,886)
- Tangible fixed assets -€27,497
down €27,497 (-40.0%), from €68,780 to €41,283
of which Furniture and vehicles: -€16,091
- Other debts +€167,292
up €167,292 (+529.8%), from €31,579 to €198,871
- Reserves -€80,985
down €80,985 (-23.8%), from €340,412 to €259,427
of which Distributable reserves: -€80,985
- Trade debts -€7,902
down €7,902 (-39.2%), from €20,172 to €12,269
- Gross operating margin +€64,503
up €64,503 (+46.9%), from €137,648 to €202,152
- Taxes +€23,529
up €23,529 (+73.3%), from €32,082 to €55,611
- Financial income -€5,482
down €5,482 (-93.4%), from €5,872 to €390
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 | €419,635 | €501,084 | +€81,448 | +19.4% |
| Fixed assets | 21/28 | €68,780 | €41,283 | -€27,497 | -40.0% |
| Tangible fixed assets | 22/27 | €68,780 | €41,283 | -€27,497 | -40.0% |
| Plant, machinery and equipment | 23 | €3,325 | €2,510 | -€815 | -24.5% |
| Furniture and vehicles | 24 | €33,561 | €17,470 | -€16,091 | -47.9% |
| Other tangible fixed assets | 26 | €31,894 | €21,303 | -€10,591 | -33.2% |
| Current assets | 29/58 | €350,855 | €459,801 | +€108,946 | +31.1% |
| Amounts receivable within one year | 40/41 | €59,973 | €56,376 | -€3,596 | -6.0% |
| Trade receivables | 40 | €33,990 | €25,960 | -€8,030 | -23.6% |
| Other amounts receivable | 41 | €25,983 | €30,416 | +€4,433 | +17.1% |
| Current investments | 50/53 | €280,261 | €282,211 | +€1,950 | +0.7% |
| Cash at bank and in hand | 54/58 | €5,864 | €118,356 | +€112,492 | +1918.3% |
| Deferred charges and accrued income | 490/1 | €4,757 | €2,857 | -€1,900 | -39.9% |
| Total equity and liabilities | 10/49 | €419,635 | €501,084 | +€81,448 | +19.4% |
| Equity | 10/15 | €359,012 | €278,027 | -€80,985 | -22.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €340,412 | €259,427 | -€80,985 | -23.8% |
| Tax-exempt reserves | 132 | €300 | €300 | = | 0.0% |
| Distributable reserves | 133 | €340,112 | €259,127 | -€80,985 | -23.8% |
| Amounts payable | 17/49 | €60,623 | €223,057 | +€162,434 | +267.9% |
| Amounts payable within one year | 42/48 | €60,124 | €222,929 | +€162,805 | +270.8% |
| Trade debts | 44 | €20,172 | €12,269 | -€7,902 | -39.2% |
| Suppliers | 440/4 | €20,172 | €12,269 | -€7,902 | -39.2% |
| Taxes, remuneration and social security | 45 | €8,373 | €11,789 | +€3,416 | +40.8% |
| Taxes | 450/3 | €8,173 | €11,789 | +€3,616 | +44.2% |
| Remuneration and social security | 454/9 | €200 | - | -€200 | |
| Other amounts payable | 47/48 | €31,579 | €198,871 | +€167,292 | +529.8% |
| Accrued charges and deferred income | 492/3 | €500 | €128 | -€372 | -74.4% |
| Non-recurring operating income | 76A | - | €2,308 | +€2,308 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,919 | €27,497 | +€578 | +2.1% |
| Other operating charges | 640/8 | €2,371 | €1,108 | -€1,262 | -53.2% |
| Gross operating margin | 9900 | €137,648 | €202,152 | +€64,503 | +46.9% |
| Operating profit (loss) | 9901 | €108,358 | €173,546 | +€65,188 | +60.2% |
| Financial income | 75/76B | €5,872 | €390 | -€5,482 | -93.4% |
| Recurring financial income | 75 | €5,872 | €390 | -€5,482 | -93.4% |
| Financial charges | 65/66B | €420 | €439 | +€19 | +4.5% |
| Recurring financial charges | 65 | €420 | €439 | +€19 | +4.5% |
| Profit (loss) for the period before taxes | 9903 | €113,810 | €173,497 | +€59,687 | +52.4% |
| Income taxes | 67/77 | €32,082 | €55,611 | +€23,529 | +73.3% |
| Profit (loss) for the period | 9904 | €81,728 | €117,886 | +€36,158 | +44.2% |
| Profit (loss) for the period to be appropriated | 9905 | €81,728 | €117,886 | +€36,158 | +44.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.