Van Thuyne: 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 Thuyne
Largest movements
- Receivables within one year +€84,797
up €84,797 (+46.2%), from €183,384 to €268,181
of which Trade receivables: +€90,222
- Cash +€50,159
up €50,159 (+14.3%), from €350,512 to €400,671
mainly Trade debts (+€87,136) and Net result for the year (+€27,561)
- Trade debts +€87,136
up €87,136 (+181%), from €48,227 to €135,363
- Reserves +€27,561
up €27,561 (+10.9%), from €253,023 to €280,584
- Tax, wage and social debts +€10,615
up €10,615 (+148%), from €7,184 to €17,798
of which Taxes: +€11,451
- Gross operating margin +€8,863
up €8,863 (+23.9%), from €37,159 to €46,022
- Taxes +€2,877
up €2,877 (+32.8%), from €8,780 to €11,657
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 | €575,424 | €706,027 | +€130,603 | +22.7% |
| Fixed assets | 21/28 | €24,136 | €21,016 | -€3,121 | -12.9% |
| Tangible fixed assets | 22/27 | €24,136 | €21,016 | -€3,121 | -12.9% |
| Plant, machinery and equipment | 23 | €1,617 | €892 | -€725 | -44.8% |
| Furniture and vehicles | 24 | €3,461 | €2,018 | -€1,443 | -41.7% |
| Other tangible fixed assets | 26 | €19,058 | €18,106 | -€952 | -5.0% |
| Current assets | 29/58 | €551,287 | €685,011 | +€133,724 | +24.3% |
| Stocks and contracts in progress | 3 | €15,160 | €14,610 | -€550 | -3.6% |
| Stocks | 30/36 | €15,160 | €14,610 | -€550 | -3.6% |
| Amounts receivable within one year | 40/41 | €183,384 | €268,181 | +€84,797 | +46.2% |
| Trade receivables | 40 | €177,959 | €268,181 | +€90,222 | +50.7% |
| Other amounts receivable | 41 | €5,425 | - | -€5,425 | |
| Cash at bank and in hand | 54/58 | €350,512 | €400,671 | +€50,159 | +14.3% |
| Deferred charges and accrued income | 490/1 | €2,231 | €1,549 | -€683 | -30.6% |
| Total equity and liabilities | 10/49 | €575,424 | €706,027 | +€130,603 | +22.7% |
| Equity | 10/15 | €497,799 | €525,360 | +€27,561 | +5.5% |
| Contributions | 10/11 | €244,776 | €244,776 | = | 0.0% |
| Reserves | 13 | €253,023 | €280,584 | +€27,561 | +10.9% |
| Distributable reserves | 133 | €253,023 | €280,584 | +€27,561 | +10.9% |
| Amounts payable | 17/49 | €77,625 | €180,667 | +€103,042 | +133% |
| Amounts payable within one year | 42/48 | €77,625 | €180,667 | +€103,042 | +133% |
| Trade debts | 44 | €48,227 | €135,363 | +€87,136 | +181% |
| Suppliers | 440/4 | €48,227 | €135,363 | +€87,136 | +181% |
| Taxes, remuneration and social security | 45 | €7,184 | €17,798 | +€10,615 | +148% |
| Taxes | 450/3 | - | €11,451 | +€11,451 | |
| Remuneration and social security | 454/9 | €7,184 | €6,347 | -€837 | -11.6% |
| Other amounts payable | 47/48 | €22,215 | €27,506 | +€5,291 | +23.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,187 | €4,844 | -€343 | -6.6% |
| Other operating charges | 640/8 | €932 | €846 | -€86 | -9.2% |
| Gross operating margin | 9900 | €37,159 | €46,022 | +€8,863 | +23.9% |
| Operating profit (loss) | 9901 | €31,040 | €40,331 | +€9,292 | +29.9% |
| Financial income | 75/76B | €263 | €3 | -€260 | -99.0% |
| Recurring financial income | 75 | €263 | €3 | -€260 | -99.0% |
| Financial charges | 65/66B | €1,258 | €1,115 | -€143 | -11.3% |
| Recurring financial charges | 65 | €1,258 | €1,115 | -€143 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | €30,045 | €39,219 | +€9,174 | +30.5% |
| Income taxes | 67/77 | €8,780 | €11,657 | +€2,877 | +32.8% |
| Profit (loss) for the period | 9904 | €21,265 | €27,561 | +€6,297 | +29.6% |
| Profit (loss) for the period to be appropriated | 9905 | €21,265 | €27,561 | +€6,297 | +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 15 October 2026 via checked.be.