VANBRIEL YUAN: 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.
VANBRIEL YUAN
Largest movements
- Cash -€32,928
down €32,928 (-19.2%), from €171,897 to €138,969
mainly Other debts (-€97,369) and Investment in fixed assets (net) (-€67,000)
- Tangible fixed assets +€26,032
up €26,032 (+6.3%), from €413,394 to €439,426
of which Plant, machinery and equipment: +€51,568
- Stocks and contracts +€25,288
up €25,288 (+50.6%), from €49,928 to €75,216
- Receivables within one year +€9,246
up €9,246 (+8.2%), from €113,413 to €122,659
of which Trade receivables: +€8,627
- Reserves +€106,144
up €106,144 (+60.4%), from €175,696 to €281,840
of which Distributable reserves: +€106,144
- Other debts -€97,369
down €97,369 (-79.5%), from €122,476 to €25,106
- Trade debts +€42,490
up €42,490 (+128.7%), from €33,006 to €75,496
- Tax, wage and social debts -€23,861
down €23,861 (-41.1%), from €58,022 to €34,161
of which Taxes: -€23,544
- Debts after one year -€10,514
down €10,514 (-4.3%), from €244,820 to €234,306
- Gross operating margin +€48,034
up €48,034 (+22.0%), from €218,555 to €266,589
- Staff costs +€21,445
up €21,445 (+58.8%), from €36,469 to €57,914
- Depreciation +€6,423
up €6,423 (+18.6%), from €34,545 to €40,968
- Taxes +€6,024
up €6,024 (+18.6%), from €32,425 to €38,450
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 | €770,972 | €791,058 | +€20,086 | +2.6% |
| Fixed assets | 21/28 | €413,394 | €439,426 | +€26,032 | +6.3% |
| Tangible fixed assets | 22/27 | €413,394 | €439,426 | +€26,032 | +6.3% |
| Land and buildings | 22 | €324,238 | €312,369 | -€11,868 | -3.7% |
| Plant, machinery and equipment | 23 | €53,086 | €104,653 | +€51,568 | +97.1% |
| Furniture and vehicles | 24 | €36,071 | €22,404 | -€13,667 | -37.9% |
| Current assets | 29/58 | €357,577 | €351,632 | -€5,946 | -1.7% |
| Stocks and contracts in progress | 3 | €49,928 | €75,216 | +€25,288 | +50.6% |
| Stocks | 30/36 | €49,928 | €75,216 | +€25,288 | +50.6% |
| Amounts receivable within one year | 40/41 | €113,413 | €122,659 | +€9,246 | +8.2% |
| Trade receivables | 40 | €105,568 | €114,194 | +€8,627 | +8.2% |
| Other amounts receivable | 41 | €7,846 | €8,465 | +€619 | +7.9% |
| Cash at bank and in hand | 54/58 | €171,897 | €138,969 | -€32,928 | -19.2% |
| Deferred charges and accrued income | 490/1 | €22,339 | €14,787 | -€7,551 | -33.8% |
| Total equity and liabilities | 10/49 | €770,972 | €791,058 | +€20,086 | +2.6% |
| Equity | 10/15 | €258,766 | €364,910 | +€106,144 | +41.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €175,696 | €281,840 | +€106,144 | +60.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €173,836 | €279,980 | +€106,144 | +61.1% |
| Profit (loss) carried forward | 14 | €64,470 | €64,470 | = | 0.0% |
| Amounts payable | 17/49 | €512,206 | €426,148 | -€86,058 | -16.8% |
| Amounts payable after more than one year | 17 | €244,820 | €234,306 | -€10,514 | -4.3% |
| Financial debts | 170/4 | €244,820 | €234,306 | -€10,514 | -4.3% |
| Amounts payable within one year | 42/48 | €267,350 | €191,842 | -€75,508 | -28.2% |
| Current portion of amounts payable after more than one year | 42 | €52,141 | €51,009 | -€1,132 | -2.2% |
| Financial debts | 43 | €1,706 | €6,071 | +€4,365 | +255.8% |
| Credit institutions | 430/8 | €1,706 | €0 | -€1,706 | -100.0% |
| Other loans | 439 | - | €6,071 | +€6,071 | |
| Trade debts | 44 | €33,006 | €75,496 | +€42,490 | +128.7% |
| Suppliers | 440/4 | €33,006 | €75,496 | +€42,490 | +128.7% |
| Taxes, remuneration and social security | 45 | €58,022 | €34,161 | -€23,861 | -41.1% |
| Taxes | 450/3 | €49,578 | €26,034 | -€23,544 | -47.5% |
| Remuneration and social security | 454/9 | €8,444 | €8,127 | -€316 | -3.7% |
| Other amounts payable | 47/48 | €122,476 | €25,106 | -€97,369 | -79.5% |
| Accrued charges and deferred income | 492/3 | €36 | €0 | -€36 | -100.0% |
| Remuneration, social security and pensions | 62 | €36,469 | €57,914 | +€21,445 | +58.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,545 | €40,968 | +€6,423 | +18.6% |
| Other operating charges | 640/8 | €4,087 | €4,069 | -€18 | -0.4% |
| Gross operating margin | 9900 | €218,555 | €266,589 | +€48,034 | +22.0% |
| Operating profit (loss) | 9901 | €143,454 | €163,639 | +€20,184 | +14.1% |
| Financial income | 75/76B | €111 | €105 | -€6 | -5.5% |
| Recurring financial income | 75 | €111 | €105 | -€6 | -5.5% |
| Financial charges | 65/66B | €18,952 | €19,150 | +€197 | +1.0% |
| Recurring financial charges | 65 | €18,952 | €19,150 | +€197 | +1.0% |
| Profit (loss) for the period before taxes | 9903 | €124,613 | €144,594 | +€19,981 | +16.0% |
| Income taxes | 67/77 | €32,425 | €38,450 | +€6,024 | +18.6% |
| Profit (loss) for the period | 9904 | €92,188 | €106,144 | +€13,956 | +15.1% |
| Profit (loss) for the period to be appropriated | 9905 | €92,188 | €106,144 | +€13,956 | +15.1% |
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 8 October 2026 via checked.be.