Van de Vyver: 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.
Van de Vyver
Largest movements
- Cash -€183,479
down €183,479 (-52.1%), from €352,109 to €168,629
mainly Investment in fixed assets (net) (-€81,903) and Receivables within one year (-€72,214)
- Receivables within one year +€72,214
up €72,214 (+177%), from €40,711 to €112,925
- Tangible fixed assets +€53,597
up €53,597 (+64.8%), from €82,693 to €136,289
of which Furniture and vehicles: +€56,183
- Deferred charges and accrued income -€7,152
down €7,152 (-53.5%), from €13,367 to €6,215
- Profit (loss) carried forward -€59,423
down €59,423 (-70.1%), from -€84,746 to -€144,169
- Accrued charges and deferred income -€9,975
down €9,975 (-50.0%), from €19,950 to €9,975
- Other debts +€8,633
up €8,633 (+17.8%), from €48,430 to €57,062
- Depreciation -€50,423
down €50,423 (-64.0%), from €78,730 to €28,306
- Gross operating margin -€33,402
down €33,402, from €6,770 to -€26,632
- Financial charges -€9,974
down €9,974 (-99.0%), from €10,080 to €105
- Other operating charges +€1,379
up €1,379 (+60.9%), from €2,264 to €3,644
- Financial income +€354
up €354 (+883,850%), from €0 to €354
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 | €488,880 | €424,059 | -€64,820 | -13.3% |
| Fixed assets | 21/28 | €82,693 | €136,289 | +€53,597 | +64.8% |
| Tangible fixed assets | 22/27 | €82,693 | €136,289 | +€53,597 | +64.8% |
| Plant, machinery and equipment | 23 | €3,728 | €1,679 | -€2,049 | -55.0% |
| Furniture and vehicles | 24 | €74,805 | €130,988 | +€56,183 | +75.1% |
| Other tangible fixed assets | 26 | €4,160 | €3,622 | -€538 | -12.9% |
| Current assets | 29/58 | €406,187 | €287,770 | -€118,417 | -29.2% |
| Amounts receivable within one year | 40/41 | €40,711 | €112,925 | +€72,214 | +177% |
| Trade receivables | 40 | €40,711 | €112,925 | +€72,214 | +177% |
| Cash at bank and in hand | 54/58 | €352,109 | €168,629 | -€183,479 | -52.1% |
| Deferred charges and accrued income | 490/1 | €13,367 | €6,215 | -€7,152 | -53.5% |
| Total equity and liabilities | 10/49 | €488,880 | €424,059 | -€64,820 | -13.3% |
| Equity | 10/15 | €229,722 | €170,032 | -€59,690 | -26.0% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €314,467 | €314,200 | -€267 | -0.1% |
| Distributable reserves | 133 | €314,467 | €314,200 | -€267 | -0.1% |
| Profit (loss) carried forward | 14 | -€84,746 | -€144,169 | -€59,423 | -70.1% |
| Amounts payable | 17/49 | €259,157 | €254,027 | -€5,130 | -2.0% |
| Amounts payable after more than one year | 17 | €175,000 | €175,000 | = | 0.0% |
| Other amounts payable | 178/9 | €175,000 | €175,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €64,207 | €69,052 | +€4,845 | +7.5% |
| Trade debts | 44 | €13,118 | €9,017 | -€4,101 | -31.3% |
| Suppliers | 440/4 | €13,118 | €9,017 | -€4,101 | -31.3% |
| Taxes, remuneration and social security | 45 | €2,660 | €2,973 | +€313 | +11.8% |
| Taxes | 450/3 | €2,660 | €2,973 | +€313 | +11.8% |
| Other amounts payable | 47/48 | €48,430 | €57,062 | +€8,633 | +17.8% |
| Accrued charges and deferred income | 492/3 | €19,950 | €9,975 | -€9,975 | -50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,730 | €28,306 | -€50,423 | -64.0% |
| Other operating charges | 640/8 | €2,264 | €3,644 | +€1,379 | +60.9% |
| Non-recurring operating charges | 66A | - | €878 | +€878 | |
| Gross operating margin | 9900 | €6,770 | -€26,632 | -€33,402 | |
| Operating profit (loss) | 9901 | -€74,224 | -€59,460 | +€14,764 | +19.9% |
| Financial income | 75/76B | €0 | €354 | +€354 | +883,850% |
| Recurring financial income | 75 | €0 | €354 | +€354 | +883,850% |
| Financial charges | 65/66B | €10,080 | €105 | -€9,974 | -99.0% |
| Recurring financial charges | 65 | €10,080 | €105 | -€9,974 | -99.0% |
| Profit (loss) for the period before taxes | 9903 | -€84,303 | -€59,212 | +€25,092 | +29.8% |
| Income taxes | 67/77 | €443 | €479 | +€36 | +8.1% |
| Profit (loss) for the period | 9904 | -€84,746 | -€59,690 | +€25,056 | +29.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€84,746 | -€59,690 | +€25,056 | +29.6% |
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 21 October 2026 via checked.be.