Van Roy Management: 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 Roy Management
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Reserves +€198,000
up €198,000 (+144.5%), from €137,000 to €335,000
- Debts after one year -€155,334
down €155,334 (-16.5%), from €941,325 to €785,991
- Other debts -€48,369
down €48,369 (-90.3%), from €53,575 to €5,206
- Trade debts -€27,634
down €27,634 (-93.7%), from €29,500 to €1,866
- Current portion of long-term debt +€13,234
up €13,234 (+18.6%), from €70,991 to €84,225
- Financial income +€150,000
new in 2025: €150,000
- Gross operating margin +€52,556
up €52,556 (+127.1%), from €41,353 to €93,909
- Depreciation +€13,014
up €13,014 (+165.7%), from €7,855 to €20,869
- Taxes +€8,953
up €8,953 (+131.6%), from €6,804 to €15,756
- Financial charges +€1,369
up €1,369 (+35.0%), from €3,916 to €5,285
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 | €1,267,018 | €1,251,883 | -€15,135 | -1.2% |
| Fixed assets | 21/28 | €1,233,623 | €1,225,245 | -€8,379 | -0.7% |
| Tangible fixed assets | 22/27 | €89,386 | €81,008 | -€8,379 | -9.4% |
| Furniture and vehicles | 24 | €10,330 | €18,957 | +€8,626 | +83.5% |
| Leasing and similar rights | 25 | €78,140 | €61,243 | -€16,897 | -21.6% |
| Other tangible fixed assets | 26 | €916 | €808 | -€108 | -11.8% |
| Financial fixed assets | 28 | €1,144,237 | €1,144,237 | = | 0.0% |
| Current assets | 29/58 | €33,395 | €26,639 | -€6,756 | -20.2% |
| Amounts receivable within one year | 40/41 | €24,200 | €16,077 | -€8,123 | -33.6% |
| Trade receivables | 40 | €24,200 | €12,100 | -€12,100 | -50.0% |
| Other amounts receivable | 41 | - | €3,977 | +€3,977 | |
| Cash at bank and in hand | 54/58 | €6,383 | €7,959 | +€1,576 | +24.7% |
| Deferred charges and accrued income | 490/1 | €2,812 | €2,603 | -€209 | -7.4% |
| Total equity and liabilities | 10/49 | €1,267,018 | €1,251,883 | -€15,135 | -1.2% |
| Equity | 10/15 | €144,661 | €343,184 | +€198,523 | +137.2% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €137,000 | €335,000 | +€198,000 | +144.5% |
| Distributable reserves | 133 | €137,000 | €335,000 | +€198,000 | +144.5% |
| Profit (loss) carried forward | 14 | €161 | €684 | +€523 | +325.1% |
| Amounts payable | 17/49 | €1,122,357 | €908,699 | -€213,658 | -19.0% |
| Amounts payable after more than one year | 17 | €941,325 | €785,991 | -€155,334 | -16.5% |
| Financial debts | 170/4 | €941,325 | €785,991 | -€155,334 | -16.5% |
| Amounts payable within one year | 42/48 | €179,882 | €121,558 | -€58,324 | -32.4% |
| Current portion of amounts payable after more than one year | 42 | €70,991 | €84,225 | +€13,234 | +18.6% |
| Financial debts | 43 | - | €5,846 | +€5,846 | |
| Credit institutions | 430/8 | - | €5,846 | +€5,846 | |
| Trade debts | 44 | €29,500 | €1,866 | -€27,634 | -93.7% |
| Suppliers | 440/4 | €29,500 | €1,866 | -€27,634 | -93.7% |
| Taxes, remuneration and social security | 45 | €25,816 | €24,414 | -€1,402 | -5.4% |
| Taxes | 450/3 | €25,816 | €24,414 | -€1,402 | -5.4% |
| Other amounts payable | 47/48 | €53,575 | €5,206 | -€48,369 | -90.3% |
| Accrued charges and deferred income | 492/3 | €1,150 | €1,150 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,855 | €20,869 | +€13,014 | +165.7% |
| Other operating charges | 640/8 | €2,251 | €3,475 | +€1,225 | +54.4% |
| Gross operating margin | 9900 | €41,353 | €93,909 | +€52,556 | +127.1% |
| Operating profit (loss) | 9901 | €31,247 | €69,565 | +€38,318 | +122.6% |
| Financial income | 75/76B | - | €150,000 | +€150,000 | |
| Recurring financial income | 75 | - | €150,000 | +€150,000 | |
| Financial charges | 65/66B | €3,916 | €5,285 | +€1,369 | +35.0% |
| Recurring financial charges | 65 | €3,916 | €5,285 | +€1,369 | +35.0% |
| Profit (loss) for the period before taxes | 9903 | €27,331 | €214,280 | +€186,949 | +684.0% |
| Income taxes | 67/77 | €6,804 | €15,756 | +€8,953 | +131.6% |
| Profit (loss) for the period | 9904 | €20,527 | €198,523 | +€177,996 | +867.1% |
| Profit (loss) for the period to be appropriated | 9905 | €20,527 | €198,523 | +€177,996 | +867.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.