VAN THUYNE-IDE: 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-IDE
Largest movements
- Tangible fixed assets -€614,881
down €614,881 (-88.7%), from €693,376 to €78,495
of which Plant, machinery and equipment: -€600,985
- Cash -€591,353
down €591,353 (-58.0%), from €1.0m to €428,084
mainly Stocks and contracts (-€538,273) and Trade debts (-€502,380)
- Stocks and contracts +€538,273
up €538,273 (+233%), from €231,067 to €769,340
- Receivables within one year -€246,883
down €246,883 (-8.7%), from €2.8m to €2.6m
of which Trade receivables: -€337,383
- Trade debts -€502,380
down €502,380 (-46.4%), from €1.1m to €581,038
- Other debts -€302,111
down €302,111 (-77.6%), from €389,425 to €87,314
- Tax, wage and social debts -€122,054
down €122,054 (-40.3%), from €302,648 to €180,594
of which Taxes: -€97,073
- Gross operating margin -€738,403
down €738,403 (-35.9%), from €2.1m to €1.3m
- Taxes -€88,798
down €88,798 (-87.9%), from €101,071 to €12,272
- Staff costs -€29,490
down €29,490 (-2.3%), from €1.3m to €1.3m
- Depreciation -€23,590
down €23,590 (-37.2%), from €63,471 to €39,881
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 | €4,789,429 | €3,873,307 | -€916,122 | -19.1% |
| Fixed assets | 21/28 | €693,376 | €78,495 | -€614,881 | -88.7% |
| Tangible fixed assets | 22/27 | €693,376 | €78,495 | -€614,881 | -88.7% |
| Plant, machinery and equipment | 23 | €659,025 | €58,039 | -€600,985 | -91.2% |
| Furniture and vehicles | 24 | €34,352 | €20,456 | -€13,896 | -40.5% |
| Current assets | 29/58 | €4,096,053 | €3,794,811 | -€301,241 | -7.4% |
| Stocks and contracts in progress | 3 | €231,067 | €769,340 | +€538,273 | +233% |
| Stocks | 30/36 | €231,067 | €769,340 | +€538,273 | +233% |
| Amounts receivable within one year | 40/41 | €2,835,030 | €2,588,147 | -€246,883 | -8.7% |
| Trade receivables | 40 | €2,735,030 | €2,397,647 | -€337,383 | -12.3% |
| Other amounts receivable | 41 | €100,000 | €190,500 | +€90,500 | +90.5% |
| Cash at bank and in hand | 54/58 | €1,019,437 | €428,084 | -€591,353 | -58.0% |
| Deferred charges and accrued income | 490/1 | €10,518 | €9,240 | -€1,278 | -12.1% |
| Total equity and liabilities | 10/49 | €4,789,429 | €3,873,307 | -€916,122 | -19.1% |
| Equity | 10/15 | €3,011,806 | €3,024,360 | +€12,554 | +0.4% |
| Contributions | 10/11 | €23,000 | €23,000 | = | 0.0% |
| Reserves | 13 | €2,988,806 | €3,001,360 | +€12,554 | +0.4% |
| Tax-exempt reserves | 132 | €11,198 | €11,198 | = | 0.0% |
| Distributable reserves | 133 | €2,977,608 | €2,990,162 | +€12,554 | +0.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,777,623 | €848,947 | -€928,676 | -52.2% |
| Amounts payable within one year | 42/48 | €1,775,492 | €848,947 | -€926,545 | -52.2% |
| Trade debts | 44 | €1,083,418 | €581,038 | -€502,380 | -46.4% |
| Suppliers | 440/4 | €1,083,418 | €581,038 | -€502,380 | -46.4% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €302,648 | €180,594 | -€122,054 | -40.3% |
| Taxes | 450/3 | €107,037 | €9,965 | -€97,073 | -90.7% |
| Remuneration and social security | 454/9 | €195,611 | €170,630 | -€24,981 | -12.8% |
| Other amounts payable | 47/48 | €389,425 | €87,314 | -€302,111 | -77.6% |
| Accrued charges and deferred income | 492/3 | €2,130 | €0 | -€2,130 | -100% |
| Remuneration, social security and pensions | 62 | €1,297,205 | €1,267,715 | -€29,490 | -2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,471 | €39,881 | -€23,590 | -37.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,047 | €0 | -€6,047 | -100% |
| Other operating charges | 640/8 | €14,967 | €33,518 | +€18,552 | +124% |
| Gross operating margin | 9900 | €2,058,815 | €1,320,411 | -€738,403 | -35.9% |
| Operating profit (loss) | 9901 | €677,125 | -€20,703 | -€697,828 | |
| Financial income | 75/76B | €47,192 | €63,675 | +€16,483 | +34.9% |
| Recurring financial income | 75 | €47,192 | €63,675 | +€16,483 | +34.9% |
| Financial charges | 65/66B | €15,979 | €18,146 | +€2,167 | +13.6% |
| Recurring financial charges | 65 | €15,979 | €18,146 | +€2,167 | +13.6% |
| Profit (loss) for the period before taxes | 9903 | €708,338 | €24,826 | -€683,512 | -96.5% |
| Income taxes | 67/77 | €101,071 | €12,272 | -€88,798 | -87.9% |
| Profit (loss) for the period | 9904 | €607,268 | €12,554 | -€594,714 | -97.9% |
| Profit (loss) for the period to be appropriated | 9905 | €607,268 | €12,554 | -€594,714 | -97.9% |
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 20 October 2026 via checked.be.