VAN CUYCK: what changed
Two fiscal 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.
VAN CUYCK
Largest movements
- Tangible fixed assets -€7,387
no longer reported in 2025 (was €7,387)
of which Plant, machinery and equipment: -€4,554
- Current investments +€3,000
up €3,000 (+6.8%), from €44,115 to €47,114
- Cash -€2,222
down €2,222 (-5.4%), from €41,398 to €39,175
mainly Short-term financial debts (-€5,114) and Other debts (-€4,000)
- Receivables within one year +€1,553
up €1,553 (+916.8%), from €169 to €1,722
- Short-term financial debts -€5,114
down €5,114 (-66.4%), from €7,702 to €2,588
- Other debts -€4,000
down €4,000 (-21.1%), from €19,000 to €15,000
- Profit (loss) carried forward +€2,822
up €2,822 (+6.7%), from €41,811 to €44,633
- Tax, wage and social debts +€1,698
up €1,698 (+35.8%), from €4,744 to €6,442
of which Remuneration and social security: +€1,150
- Gross operating margin -€14,322
down €14,322 (-65.4%), from €21,914 to €7,592
- Depreciation -€7,363
down €7,363 (-49.9%), from €14,750 to €7,387
- Financial charges -€5,857
down €5,857 (-73.0%), from €8,024 to €2,167
- Financial income +€1,950
up €1,950 (+42.2%), from €4,619 to €6,569
- Taxes +€854
new in 2025: €854
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 | €113,206 | €109,135 | -€4,071 | -3.6% |
| Fixed assets | 21/28 | €7,387 | - | -€7,387 | |
| Tangible fixed assets | 22/27 | €7,387 | - | -€7,387 | |
| Plant, machinery and equipment | 23 | €4,554 | - | -€4,554 | |
| Furniture and vehicles | 24 | €2,833 | - | -€2,833 | |
| Current assets | 29/58 | €105,819 | €109,135 | +€3,316 | +3.1% |
| Stocks and contracts in progress | 3 | €20,138 | €21,123 | +€985 | +4.9% |
| Stocks | 30/36 | €20,138 | €21,123 | +€985 | +4.9% |
| Amounts receivable within one year | 40/41 | €169 | €1,722 | +€1,553 | +916.8% |
| Trade receivables | 40 | €169 | €1,722 | +€1,553 | +916.8% |
| Current investments | 50/53 | €44,115 | €47,114 | +€3,000 | +6.8% |
| Cash at bank and in hand | 54/58 | €41,398 | €39,175 | -€2,222 | -5.4% |
| Total equity and liabilities | 10/49 | €113,206 | €109,135 | -€4,071 | -3.6% |
| Equity | 10/15 | €71,121 | €73,943 | +€2,822 | +4.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €10,718 | €10,718 | = | 0.0% |
| Distributable reserves | 133 | €10,718 | €10,718 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,811 | €44,633 | +€2,822 | +6.7% |
| Amounts payable | 17/49 | €42,085 | €35,192 | -€6,893 | -16.4% |
| Amounts payable within one year | 42/48 | €42,085 | €35,192 | -€6,893 | -16.4% |
| Financial debts | 43 | €7,702 | €2,588 | -€5,114 | -66.4% |
| Credit institutions | 430/8 | €7,702 | €2,588 | -€5,114 | -66.4% |
| Trade debts | 44 | €10,639 | €11,162 | +€522 | +4.9% |
| Suppliers | 440/4 | €10,639 | €11,162 | +€522 | +4.9% |
| Taxes, remuneration and social security | 45 | €4,744 | €6,442 | +€1,698 | +35.8% |
| Taxes | 450/3 | €4,744 | €5,292 | +€548 | +11.6% |
| Remuneration and social security | 454/9 | - | €1,150 | +€1,150 | |
| Other amounts payable | 47/48 | €19,000 | €15,000 | -€4,000 | -21.1% |
| Remuneration, social security and pensions | 62 | €254 | €253 | -€1 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,750 | €7,387 | -€7,363 | -49.9% |
| Other operating charges | 640/8 | €658 | €679 | +€21 | +3.2% |
| Gross operating margin | 9900 | €21,914 | €7,592 | -€14,322 | -65.4% |
| Operating profit (loss) | 9901 | €6,252 | -€726 | -€6,979 | |
| Financial income | 75/76B | €4,619 | €6,569 | +€1,950 | +42.2% |
| Recurring financial income | 75 | €4,619 | €6,569 | +€1,950 | +42.2% |
| Financial charges | 65/66B | €8,024 | €2,167 | -€5,857 | -73.0% |
| Recurring financial charges | 65 | €8,024 | €2,167 | -€5,857 | -73.0% |
| Profit (loss) for the period before taxes | 9903 | €2,848 | €3,676 | +€828 | +29.1% |
| Income taxes | 67/77 | - | €854 | +€854 | |
| Profit (loss) for the period | 9904 | €2,848 | €2,822 | -€26 | -0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,848 | €2,822 | -€26 | -0.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.