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 -€28,421
down €28,421 (-21.7%), from €131,248 to €102,826
of which Other amounts receivable: -€24,870
- Current investments -€4,277
no longer reported in 2025 (was €4,277)
- Trade debts -€18,708
down €18,708 (-74.3%), from €25,163 to €6,455
- Profit (loss) carried forward -€14,579
down €14,579 (-37.2%), from -€39,169 to -€53,748
- Gross operating margin -€18,412
down €18,412, from €5,115 to -€13,297
- Depreciation -€489
no longer reported in 2025 (was €489)
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 | €138,497 | €104,819 | -€33,678 | -24.3% |
| Fixed assets | 21/28 | €1,320 | - | -€1,320 | |
| Tangible fixed assets | 22/27 | €1,320 | - | -€1,320 | |
| Furniture and vehicles | 24 | €1,320 | - | -€1,320 | |
| Current assets | 29/58 | €137,178 | €104,819 | -€32,358 | -23.6% |
| Stocks and contracts in progress | 3 | €1,653 | €1,653 | = | 0.0% |
| Stocks | 30/36 | €1,653 | €1,653 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €131,248 | €102,826 | -€28,421 | -21.7% |
| Trade receivables | 40 | €4,213 | €662 | -€3,551 | -84.3% |
| Other amounts receivable | 41 | €127,035 | €102,164 | -€24,870 | -19.6% |
| Current investments | 50/53 | €4,277 | - | -€4,277 | |
| Cash at bank and in hand | 54/58 | - | €340 | +€340 | |
| Total equity and liabilities | 10/49 | €138,497 | €104,819 | -€33,678 | -24.3% |
| Equity | 10/15 | €112,943 | €98,364 | -€14,579 | -12.9% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €145,915 | €145,915 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €144,056 | €144,056 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,169 | -€53,748 | -€14,579 | -37.2% |
| Amounts payable | 17/49 | €25,554 | €6,455 | -€19,099 | -74.7% |
| Amounts payable within one year | 42/48 | €25,554 | €6,455 | -€19,099 | -74.7% |
| Trade debts | 44 | €25,163 | €6,455 | -€18,708 | -74.3% |
| Suppliers | 440/4 | €25,163 | €6,455 | -€18,708 | -74.3% |
| Taxes, remuneration and social security | 45 | €391 | - | -€391 | |
| Taxes | 450/3 | €391 | - | -€391 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €489 | - | -€489 | |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Non-recurring operating charges | 66A | - | €372 | +€372 | |
| Gross operating margin | 9900 | €5,115 | -€13,297 | -€18,412 | |
| Operating profit (loss) | 9901 | €4,098 | -€14,213 | -€18,311 | |
| Financial income | 75/76B | €4 | €0 | -€4 | -100% |
| Recurring financial income | 75 | €4 | €0 | -€4 | -100% |
| Non-recurring financial income | 76B | - | €0 | = | |
| Financial charges | 65/66B | €459 | €367 | -€93 | -20.2% |
| Recurring financial charges | 65 | €459 | €367 | -€93 | -20.2% |
| Profit (loss) for the period before taxes | 9903 | €3,642 | -€14,579 | -€18,221 | |
| Profit (loss) for the period | 9904 | €3,642 | -€14,579 | -€18,221 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,642 | -€14,579 | -€18,221 |
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 17 October 2026 via checked.be.