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 +€54,150
up €54,150 (+126%), from €43,021 to €97,171
mainly Net result for the year (+€88,993) and Depreciation (+€6,292)
- Receivables within one year +€12,946
up €12,946 (+41.5%), from €31,224 to €44,170
of which Trade receivables: +€7,412
- Tangible fixed assets +€6,322
up €6,322 (+44.3%), from €14,272 to €20,594
of which Furniture and vehicles: +€6,322
- Reserves +€88,993
up €88,993 (+23.7%), from €375,497 to €464,491
- Other debts -€8,643
down €8,643 (-100.0%), from €8,646 to €3
- Gross operating margin -€20,976
down €20,976 (-13.2%), from €159,511 to €138,535
- Financial income +€9,927
up €9,927 (+153%), from €6,509 to €16,436
- Taxes -€4,314
down €4,314 (-10.2%), from €42,259 to €37,945
- Depreciation +€4,063
up €4,063 (+182%), from €2,229 to €6,292
- Financial charges +€1,650
up €1,650 (+67.7%), from €2,436 to €4,086
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 | €411,666 | €489,736 | +€78,070 | +19.0% |
| Fixed assets | 21/28 | €14,272 | €20,594 | +€6,322 | +44.3% |
| Tangible fixed assets | 22/27 | €14,272 | €20,594 | +€6,322 | +44.3% |
| Furniture and vehicles | 24 | €8,772 | €15,094 | +€6,322 | +72.1% |
| Other tangible fixed assets | 26 | €5,500 | €5,500 | = | 0.0% |
| Current assets | 29/58 | €397,394 | €469,142 | +€71,748 | +18.1% |
| Amounts receivable within one year | 40/41 | €31,224 | €44,170 | +€12,946 | +41.5% |
| Trade receivables | 40 | €21,374 | €28,786 | +€7,412 | +34.7% |
| Other amounts receivable | 41 | €9,850 | €15,384 | +€5,534 | +56.2% |
| Current investments | 50/53 | €318,469 | €322,394 | +€3,925 | +1.2% |
| Cash at bank and in hand | 54/58 | €43,021 | €97,171 | +€54,150 | +126% |
| Deferred charges and accrued income | 490/1 | €4,681 | €5,407 | +€726 | +15.5% |
| Total equity and liabilities | 10/49 | €411,666 | €489,736 | +€78,070 | +19.0% |
| Equity | 10/15 | €375,497 | €464,491 | +€88,993 | +23.7% |
| Contributions | 10/11 | €0 | - | = | |
| Reserves | 13 | €375,497 | €464,491 | +€88,993 | +23.7% |
| Distributable reserves | 133 | €375,497 | €464,491 | +€88,993 | +23.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €36,169 | €25,245 | -€10,924 | -30.2% |
| Amounts payable within one year | 42/48 | €34,849 | €23,925 | -€10,924 | -31.3% |
| Financial debts | 43 | - | €0 | +€0 | |
| Credit institutions | 430/8 | - | €0 | +€0 | |
| Trade debts | 44 | €3,564 | €1,413 | -€2,150 | -60.3% |
| Suppliers | 440/4 | €3,564 | €1,413 | -€2,150 | -60.3% |
| Taxes, remuneration and social security | 45 | €22,639 | €22,508 | -€131 | -0.6% |
| Taxes | 450/3 | €19,755 | €19,527 | -€228 | -1.2% |
| Remuneration and social security | 454/9 | €2,884 | €2,981 | +€97 | +3.4% |
| Other amounts payable | 47/48 | €8,646 | €3 | -€8,643 | -100.0% |
| Accrued charges and deferred income | 492/3 | €1,320 | €1,320 | = | 0.0% |
| Non-recurring operating income | 76A | €9,941 | €0 | -€9,941 | -100% |
| Remuneration, social security and pensions | 62 | €16,589 | €16,644 | +€55 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,229 | €6,292 | +€4,063 | +182% |
| Other operating charges | 640/8 | €1,436 | €1,011 | -€425 | -29.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €159,511 | €138,535 | -€20,976 | -13.2% |
| Operating profit (loss) | 9901 | €139,257 | €114,588 | -€24,669 | -17.7% |
| Financial income | 75/76B | €6,509 | €16,436 | +€9,927 | +153% |
| Recurring financial income | 75 | €6,509 | €16,436 | +€9,927 | +153% |
| Financial charges | 65/66B | €2,436 | €4,086 | +€1,650 | +67.7% |
| Recurring financial charges | 65 | €2,436 | €4,086 | +€1,650 | +67.7% |
| Profit (loss) for the period before taxes | 9903 | €143,329 | €126,938 | -€16,391 | -11.4% |
| Income taxes | 67/77 | €42,259 | €37,945 | -€4,314 | -10.2% |
| Profit (loss) for the period | 9904 | €101,071 | €88,993 | -€12,077 | -11.9% |
| Profit (loss) for the period to be appropriated | 9905 | €101,071 | €88,993 | -€12,077 | -11.9% |
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 21 October 2026 via checked.be.