VAN PUYVELDE DANNY: 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 PUYVELDE DANNY
Largest movements
- Tangible fixed assets +€467,933
up €467,933 (+851%), from €54,999 to €522,932
of which Land and buildings: +€434,034
- Cash -€78,811
down €78,811 (-13.4%), from €588,349 to €509,538
mainly Investment in fixed assets (net) (-€497,206) and Receivables within one year (-€31,912)
- Receivables within one year +€31,912
up €31,912 (+52.3%), from €61,031 to €92,944
of which Trade receivables: +€43,797
- Debts after one year +€357,850
up €357,850 (+2,386%), from €15,000 to €372,850
- Reserves +€52,900
up €52,900 (+8.1%), from €653,274 to €706,174
of which Distributable reserves: +€52,900
- Short-term financial debts +€13,914
new in 2025: €13,914
- Gross operating margin +€137,096
up €137,096 (+522%), from €26,280 to €163,376
- Other operating charges +€53,375
up €53,375 (+1,852%), from €2,883 to €56,258
- Taxes +€24,444
up €24,444 (+924%), from €2,646 to €27,090
- Financial income +€18,076
up €18,076 (+12,279%), from €147 to €18,224
- Depreciation +€14,168
up €14,168 (+93.8%), from €15,105 to €29,273
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 | €727,651 | €1,149,250 | +€421,599 | +57.9% |
| Fixed assets | 21/28 | €54,999 | €522,932 | +€467,933 | +851% |
| Tangible fixed assets | 22/27 | €54,999 | €522,932 | +€467,933 | +851% |
| Land and buildings | 22 | €11,542 | €445,576 | +€434,034 | +3,760% |
| Plant, machinery and equipment | 23 | €7,742 | €10,714 | +€2,972 | +38.4% |
| Furniture and vehicles | 24 | €35,715 | €66,642 | +€30,927 | +86.6% |
| Current assets | 29/58 | €672,651 | €626,317 | -€46,334 | -6.9% |
| Stocks and contracts in progress | 3 | €20,147 | €23,835 | +€3,689 | +18.3% |
| Stocks | 30/36 | €20,147 | €23,835 | +€3,689 | +18.3% |
| Amounts receivable within one year | 40/41 | €61,031 | €92,944 | +€31,912 | +52.3% |
| Trade receivables | 40 | €49,146 | €92,944 | +€43,797 | +89.1% |
| Other amounts receivable | 41 | €11,885 | - | -€11,885 | |
| Cash at bank and in hand | 54/58 | €588,349 | €509,538 | -€78,811 | -13.4% |
| Deferred charges and accrued income | 490/1 | €3,125 | - | -€3,125 | |
| Total equity and liabilities | 10/49 | €727,651 | €1,149,250 | +€421,599 | +57.9% |
| Equity | 10/15 | €660,216 | €713,156 | +€52,940 | +8.0% |
| Contributions | 10/11 | €6,817 | €6,817 | = | 0.0% |
| Reserves | 13 | €653,274 | €706,174 | +€52,900 | +8.1% |
| Tax-exempt reserves | 132 | €22,000 | €22,000 | = | 0.0% |
| Distributable reserves | 133 | €631,274 | €684,174 | +€52,900 | +8.4% |
| Profit (loss) carried forward | 14 | €125 | €165 | +€40 | +32.1% |
| Amounts payable | 17/49 | €67,435 | €436,093 | +€368,659 | +547% |
| Amounts payable after more than one year | 17 | €15,000 | €372,850 | +€357,850 | +2,386% |
| Financial debts | 170/4 | €15,000 | €372,850 | +€357,850 | +2,386% |
| Amounts payable within one year | 42/48 | €52,435 | €63,244 | +€10,809 | +20.6% |
| Financial debts | 43 | - | €13,914 | +€13,914 | |
| Credit institutions | 430/8 | - | €13,914 | +€13,914 | |
| Trade debts | 44 | €16,637 | €19,373 | +€2,736 | +16.4% |
| Suppliers | 440/4 | €16,637 | €19,373 | +€2,736 | +16.4% |
| Taxes, remuneration and social security | 45 | €14,629 | €15,557 | +€928 | +6.3% |
| Taxes | 450/3 | €4,918 | €15,557 | +€10,639 | +216% |
| Remuneration and social security | 454/9 | €9,710 | - | -€9,710 | |
| Other amounts payable | 47/48 | €21,170 | €14,400 | -€6,770 | -32.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,105 | €29,273 | +€14,168 | +93.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €5,959 | +€5,959 | |
| Other operating charges | 640/8 | €2,883 | €56,258 | +€53,375 | +1,852% |
| Gross operating margin | 9900 | €26,280 | €163,376 | +€137,096 | +522% |
| Operating profit (loss) | 9901 | €8,292 | €71,886 | +€63,594 | +767% |
| Financial income | 75/76B | €147 | €18,224 | +€18,076 | +12,279% |
| Recurring financial income | 75 | €147 | €18,224 | +€18,076 | +12,279% |
| Financial charges | 65/66B | €706 | €10,079 | +€9,373 | +1,328% |
| Recurring financial charges | 65 | €706 | €10,079 | +€9,373 | +1,328% |
| Profit (loss) for the period before taxes | 9903 | €7,734 | €80,031 | +€72,297 | +935% |
| Income taxes | 67/77 | €2,646 | €27,090 | +€24,444 | +924% |
| Profit (loss) for the period | 9904 | €5,087 | €52,940 | +€47,853 | +941% |
| Profit (loss) for the period to be appropriated | 9905 | €5,087 | €52,940 | +€47,853 | +941% |
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 22 October 2026 via checked.be.