VAN DE VIJVER Guy: 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 DE VIJVER Guy
Largest movements
- Stocks and contracts +€26,023
up €26,023 (+52.4%), from €49,652 to €75,675
- Tangible fixed assets -€18,896
down €18,896 (-4.2%), from €447,414 to €428,518
of which Plant, machinery and equipment: -€20,931
- Receivables within one year -€18,819
down €18,819 (-18.4%), from €102,171 to €83,352
of which Other amounts receivable: -€19,733
- Short-term financial debts -€161,936
down €161,936 (-92.8%), from €174,583 to €12,647
- Other debts +€125,580
up €125,580 (+48.7%), from €257,601 to €383,182
- Current portion of long-term debt +€12,130
up €12,130 (+60.3%), from €20,116 to €32,246
- Tax, wage and social debts +€6,196
up €6,196 (+439.2%), from €1,411 to €7,607
of which Taxes: +€5,734
- Gross operating margin +€24,813
up €24,813 (+54.3%), from €45,665 to €70,478
- Depreciation +€12,584
up €12,584 (+59.4%), from €21,189 to €33,774
- Other operating charges +€6,091
up €6,091 (+131.0%), from €4,649 to €10,741
- Staff costs +€2,605
up €2,605 (+206.1%), from €1,264 to €3,870
- Financial charges +€791
up €791 (+5.1%), from €15,653 to €16,445
of which Financial charges: +€3,733
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 | €608,821 | €594,169 | -€14,652 | -2.4% |
| Fixed assets | 21/28 | €450,449 | €429,256 | -€21,193 | -4.7% |
| Intangible fixed assets | 21 | €2,935 | €638 | -€2,297 | -78.3% |
| Tangible fixed assets | 22/27 | €447,414 | €428,518 | -€18,896 | -4.2% |
| Land and buildings | 22 | €332,542 | €312,592 | -€19,950 | -6.0% |
| Plant, machinery and equipment | 23 | €94,032 | €73,100 | -€20,931 | -22.3% |
| Furniture and vehicles | 24 | - | €21,985 | +€21,985 | |
| Other tangible fixed assets | 26 | €20,840 | €20,840 | = | 0.0% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €158,373 | €164,914 | +€6,541 | +4.1% |
| Stocks and contracts in progress | 3 | €49,652 | €75,675 | +€26,023 | +52.4% |
| Stocks | 30/36 | €49,652 | €75,675 | +€26,023 | +52.4% |
| Amounts receivable within one year | 40/41 | €102,171 | €83,352 | -€18,819 | -18.4% |
| Trade receivables | 40 | €15,757 | €16,671 | +€914 | +5.8% |
| Other amounts receivable | 41 | €86,414 | €66,681 | -€19,733 | -22.8% |
| Cash at bank and in hand | 54/58 | €6,312 | €5,053 | -€1,259 | -20.0% |
| Deferred charges and accrued income | 490/1 | €238 | €834 | +€596 | +249.8% |
| Total equity and liabilities | 10/49 | €608,821 | €594,169 | -€14,652 | -2.4% |
| Equity | 10/15 | €60,467 | €64,516 | +€4,050 | +6.7% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €35,677 | €39,727 | +€4,050 | +11.4% |
| Non-distributable reserves | 130/1 | €2,479 | €2,479 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,479 | €2,479 | = | 0.0% |
| Distributable reserves | 133 | €33,198 | €37,248 | +€4,050 | +12.2% |
| Amounts payable | 17/49 | €548,355 | €529,653 | -€18,702 | -3.4% |
| Amounts payable after more than one year | 17 | €88,323 | €86,155 | -€2,168 | -2.5% |
| Financial debts | 170/4 | €88,323 | €86,155 | -€2,168 | -2.5% |
| Amounts payable within one year | 42/48 | €456,898 | €443,498 | -€13,400 | -2.9% |
| Current portion of amounts payable after more than one year | 42 | €20,116 | €32,246 | +€12,130 | +60.3% |
| Financial debts | 43 | €174,583 | €12,647 | -€161,936 | -92.8% |
| Credit institutions | 430/8 | €174,583 | €12,647 | -€161,936 | -92.8% |
| Trade debts | 44 | €3,187 | €7,816 | +€4,629 | +145.3% |
| Suppliers | 440/4 | €3,187 | €7,816 | +€4,629 | +145.3% |
| Taxes, remuneration and social security | 45 | €1,411 | €7,607 | +€6,196 | +439.2% |
| Taxes | 450/3 | €1,364 | €7,099 | +€5,734 | +420.3% |
| Remuneration and social security | 454/9 | €47 | €508 | +€462 | +990.6% |
| Other amounts payable | 47/48 | €257,601 | €383,182 | +€125,580 | +48.7% |
| Accrued charges and deferred income | 492/3 | €3,133 | - | -€3,133 | |
| Non-recurring operating income | 76A | - | €8,800 | +€8,800 | |
| Remuneration, social security and pensions | 62 | €1,264 | €3,870 | +€2,605 | +206.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,189 | €33,774 | +€12,584 | +59.4% |
| Other operating charges | 640/8 | €4,649 | €10,741 | +€6,091 | +131.0% |
| Non-recurring operating charges | 66A | - | €1,238 | +€1,238 | |
| Gross operating margin | 9900 | €45,665 | €70,478 | +€24,813 | +54.3% |
| Operating profit (loss) | 9901 | €18,562 | €20,856 | +€2,294 | +12.4% |
| Financial income | 75/76B | €421 | €43 | -€378 | -89.8% |
| Recurring financial income | 75 | €421 | €43 | -€378 | -89.8% |
| Financial charges | 65/66B | €15,653 | €16,445 | +€791 | +5.1% |
| Recurring financial charges | 65 | €12,712 | €16,445 | +€3,733 | +29.4% |
| Non-recurring financial charges | 66B | €2,941 | - | -€2,941 | |
| Profit (loss) for the period before taxes | 9903 | €3,330 | €4,455 | +€1,124 | +33.8% |
| Income taxes | 67/77 | €303 | €405 | +€102 | +33.8% |
| Profit (loss) for the period | 9904 | €3,028 | €4,050 | +€1,022 | +33.8% |
| Profit (loss) for the period to be appropriated | 9905 | €3,028 | €4,050 | +€1,022 | +33.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.