Van Reybrouck: 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.
What changed
Van Reybrouck
NACE 69.201, Certified accountants and tax accountants
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.0m
2024 · €976,472+€58,799
Equity
€1.2m
2024 · €1.2m+€59,758
Cash
€413,991
2024 · €460,360-€46,369
Balance sheet total
€3.8m
2024 · €3.7m+€56,324
Largest movements
Assets
- Receivables within one year +€497,336
up €497,336 (+27.3%), from €1.8m to €2.3m
of which Trade receivables: +€494,496
- Current investments -€300,000
down €300,000 (-100%), from €300,000 to €0
- Tangible fixed assets -€115,957
down €115,957 (-16.3%), from €710,649 to €594,692
of which Other tangible fixed assets: -€62,823
- Deferred charges and accrued income +€57,337
up €57,337 (+25.6%), from €223,826 to €281,164
- Cash -€46,369
down €46,369 (-10.1%), from €460,360 to €413,991
mainly Contributions, distributions and other (-€975,514) and Receivables within one year (-€497,336)
Equity and liabilities
- Debts after one year -€115,441
down €115,441 (-16.9%), from €681,815 to €566,374
- Tax, wage and social debts +€77,052
up €77,052 (+9.0%), from €855,595 to €932,647
of which Taxes: +€78,287
- Reserves +€59,758
up €59,758 (+5.2%), from €1.1m to €1.2m
Income statement
- Gross operating margin +€365,465
up €365,465 (+7.5%), from €4.8m to €5.2m
- Staff costs +€294,393
up €294,393 (+8.9%), from €3.3m to €3.6m
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.
Result 2024
€976,472
Gross operating margin
+€365,465
Staff costs
-€294,393
Depreciation
+€18,399
Write-downs
-€10,983
Other operating charges
+€24,934
Financial income
-€3,522
Financial charges
-€25,540
Taxes
-€15,560
Result 2025
€1.0m
raises the resultlowers the result
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.
From operations
+€776,816
Investment
+€267,896
Financing
-€1.1m
Cash 2024
€460,360
From operations (derived)
+€776,816
Net result for the year
+€1.0m
Depreciation
+€158,531
Stocks and contracts
+€25,553
Receivables within one year
-€497,336
Deferred charges and accrued income
-€57,337
Trade debts
-€3,279
Tax, wage and social debts
+€77,052
Other debts
+€6,515
Accrued charges and deferred income
+€31,845
Investment (derived)
+€267,896
Investment in fixed assets (net)
-€32,104
Current investments
+€300,000
Financing
-€1.1m
Debts after one year
-€115,441
Current portion of long-term debt
-€553
Short-term financial debts
+€427
Contributions, distributions and other
-€975,514
Cash 2025
€413,991
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,724,584 | €3,780,909 | +€56,324 | +1.5% |
| Formation expenses | 20 | €20,979 | €11,255 | -€9,724 | -46.3% |
| Fixed assets | 21/28 | €740,328 | €623,625 | -€116,703 | -15.8% |
| Intangible fixed assets | 21 | €21,516 | €20,770 | -€746 | -3.5% |
| Tangible fixed assets | 22/27 | €710,649 | €594,692 | -€115,957 | -16.3% |
| Plant, machinery and equipment | 23 | €25,234 | €19,905 | -€5,329 | -21.1% |
| Furniture and vehicles | 24 | €175,108 | €127,303 | -€47,805 | -27.3% |
| Other tangible fixed assets | 26 | €510,307 | €447,484 | -€62,823 | -12.3% |
| Financial fixed assets | 28 | €8,163 | €8,163 | = | 0.0% |
| Current assets | 29/58 | €2,963,277 | €3,146,029 | +€182,751 | +6.2% |
| Amounts receivable after more than one year | 29 | €1,500 | €1,500 | = | 0.0% |
| Other amounts receivable | 291 | €1,500 | €1,500 | = | 0.0% |
| Stocks and contracts in progress | 3 | €154,600 | €129,047 | -€25,553 | -16.5% |
| Contracts in progress | 37 | €154,600 | €129,047 | -€25,553 | -16.5% |
| Amounts receivable within one year | 40/41 | €1,822,991 | €2,320,327 | +€497,336 | +27.3% |
| Trade receivables | 40 | €1,819,405 | €2,313,901 | +€494,496 | +27.2% |
| Other amounts receivable | 41 | €3,586 | €6,426 | +€2,840 | +79.2% |
| Current investments | 50/53 | €300,000 | €0 | -€300,000 | -100% |
| Cash at bank and in hand | 54/58 | €460,360 | €413,991 | -€46,369 | -10.1% |
| Deferred charges and accrued income | 490/1 | €223,826 | €281,164 | +€57,337 | +25.6% |
| Total equity and liabilities | 10/49 | €3,724,584 | €3,780,909 | +€56,324 | +1.5% |
| Equity | 10/15 | €1,168,558 | €1,228,316 | +€59,758 | +5.1% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €1,143,558 | €1,203,316 | +€59,758 | +5.2% |
| Distributable reserves | 133 | €1,143,558 | €1,203,316 | +€59,758 | +5.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,556,027 | €2,552,593 | -€3,434 | -0.1% |
| Amounts payable after more than one year | 17 | €681,815 | €566,374 | -€115,441 | -16.9% |
| Financial debts | 170/4 | €681,815 | €566,374 | -€115,441 | -16.9% |
| Amounts payable within one year | 42/48 | €1,873,702 | €1,953,864 | +€80,162 | +4.3% |
| Current portion of amounts payable after more than one year | 42 | €115,994 | €115,441 | -€553 | -0.5% |
| Financial debts | 43 | €279,567 | €279,994 | +€427 | +0.2% |
| Credit institutions | 430/8 | €279,567 | €279,994 | +€427 | +0.2% |
| Trade debts | 44 | €272,778 | €269,499 | -€3,279 | -1.2% |
| Suppliers | 440/4 | €272,778 | €269,499 | -€3,279 | -1.2% |
| Taxes, remuneration and social security | 45 | €855,595 | €932,647 | +€77,052 | +9.0% |
| Taxes | 450/3 | €364,412 | €442,699 | +€78,287 | +21.5% |
| Remuneration and social security | 454/9 | €491,184 | €489,949 | -€1,235 | -0.3% |
| Other amounts payable | 47/48 | €349,768 | €356,283 | +€6,515 | +1.9% |
| Accrued charges and deferred income | 492/3 | €509 | €32,354 | +€31,845 | +6,251% |
| Remuneration, social security and pensions | 62 | €3,311,572 | €3,605,965 | +€294,393 | +8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €176,931 | €158,531 | -€18,399 | -10.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €465 | €11,448 | +€10,983 | +2,364% |
| Other operating charges | 640/8 | €45,037 | €20,103 | -€24,934 | -55.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €4,845,560 | €5,211,024 | +€365,465 | +7.5% |
| Operating profit (loss) | 9901 | €1,311,556 | €1,414,977 | +€103,421 | +7.9% |
| Financial income | 75/76B | €14,194 | €10,672 | -€3,522 | -24.8% |
| Recurring financial income | 75 | €14,194 | €10,672 | -€3,522 | -24.8% |
| Financial charges | 65/66B | €74,314 | €99,854 | +€25,540 | +34.4% |
| Recurring financial charges | 65 | €74,314 | €99,854 | +€25,540 | +34.4% |
| Profit (loss) for the period before taxes | 9903 | €1,251,436 | €1,325,795 | +€74,360 | +5.9% |
| Income taxes | 67/77 | €274,963 | €290,523 | +€15,560 | +5.7% |
| Profit (loss) for the period | 9904 | €976,472 | €1,035,272 | +€58,799 | +6.0% |
| Profit (loss) for the period to be appropriated | 9905 | €976,472 | €1,035,272 | +€58,799 | +6.0% |
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 13 October 2026 via checked.be.