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
- Tangible fixed assets -€12,228
no longer reported in 2025 (was €12,228)
of which Land and buildings: -€8,604
- Cash +€8,578
up €8,578 (+41.3%), from €20,767 to €29,345
mainly Investment in fixed assets (net) (+€12,228) and Deferred charges and accrued income (+€3,413)
- Deferred charges and accrued income -€3,413
down €3,413 (-99.3%), from €3,438 to €25
- Receivables within one year +€1,763
up €1,763 (+1.6%), from €111,575 to €113,338
of which Other amounts receivable: +€1,532
- Profit (loss) carried forward -€2,459
new in 2025: -€2,459
- Trade debts -€2,230
down €2,230 (-84.7%), from €2,634 to €404
- Gross operating margin -€17,057
down €17,057, from €12,345 to -€4,712
- Depreciation -€2,564
no longer reported in 2025 (was €2,564)
- Taxes -€2,156
down €2,156 (-47.6%), from €4,530 to €2,374
- Other operating charges -€767
down €767 (-65.2%), from €1,177 to €410
- Financial income +€741
up €741 (+12.9%), from €5,740 to €6,480
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 | €148,008 | €142,708 | -€5,300 | -3.6% |
| Fixed assets | 21/28 | €12,228 | - | -€12,228 | |
| Tangible fixed assets | 22/27 | €12,228 | - | -€12,228 | |
| Land and buildings | 22 | €8,604 | - | -€8,604 | |
| Plant, machinery and equipment | 23 | €502 | - | -€502 | |
| Furniture and vehicles | 24 | €3,122 | - | -€3,122 | |
| Current assets | 29/58 | €135,780 | €142,708 | +€6,928 | +5.1% |
| Amounts receivable within one year | 40/41 | €111,575 | €113,338 | +€1,763 | +1.6% |
| Trade receivables | 40 | €379 | €609 | +€230 | +60.9% |
| Other amounts receivable | 41 | €111,197 | €112,729 | +€1,532 | +1.4% |
| Cash at bank and in hand | 54/58 | €20,767 | €29,345 | +€8,578 | +41.3% |
| Deferred charges and accrued income | 490/1 | €3,438 | €25 | -€3,413 | -99.3% |
| Total equity and liabilities | 10/49 | €148,008 | €142,708 | -€5,300 | -3.6% |
| Equity | 10/15 | €144,042 | €141,584 | -€2,459 | -1.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €134,042 | €134,042 | = | 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 | €132,183 | €132,183 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€2,459 | -€2,459 | |
| Amounts payable | 17/49 | €3,966 | €1,124 | -€2,841 | -71.6% |
| Amounts payable within one year | 42/48 | €3,966 | €1,124 | -€2,841 | -71.6% |
| Trade debts | 44 | €2,634 | €404 | -€2,230 | -84.7% |
| Suppliers | 440/4 | €2,634 | €404 | -€2,230 | -84.7% |
| Taxes, remuneration and social security | 45 | €1,332 | €721 | -€611 | -45.9% |
| Taxes | 450/3 | €1,332 | €721 | -€611 | -45.9% |
| Non-recurring operating income | 76A | - | €7,148 | +€7,148 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,564 | - | -€2,564 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €379 | +€379 | |
| Other operating charges | 640/8 | €1,177 | €410 | -€767 | -65.2% |
| Non-recurring operating charges | 66A | - | €1,001 | +€1,001 | |
| Gross operating margin | 9900 | €12,345 | -€4,712 | -€17,057 | |
| Operating profit (loss) | 9901 | €8,604 | -€6,501 | -€15,106 | |
| Financial income | 75/76B | €5,740 | €6,480 | +€741 | +12.9% |
| Recurring financial income | 75 | €5,740 | €6,480 | +€741 | +12.9% |
| Financial charges | 65/66B | €479 | €64 | -€415 | -86.7% |
| Recurring financial charges | 65 | €479 | €64 | -€415 | -86.7% |
| Profit (loss) for the period before taxes | 9903 | €13,865 | -€85 | -€13,950 | |
| Income taxes | 67/77 | €4,530 | €2,374 | -€2,156 | -47.6% |
| Profit (loss) for the period | 9904 | €9,335 | -€2,459 | -€11,794 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,335 | -€2,459 | -€11,794 |
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.