VANTHUYNE LIEVE: 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.
VANTHUYNE LIEVE
Largest movements
- Current investments +€120,985
up €120,985 (+21.1%), from €574,266 to €695,251
- Cash -€59,995
down €59,995 (-56.6%), from €105,944 to €45,949
mainly Current investments (-€120,985) and Debts after one year (-€11,720)
- Tangible fixed assets -€11,260
down €11,260 (-3.2%), from €350,592 to €339,333
of which Furniture and vehicles: -€9,191
- Reserves +€51,349
up €51,349 (+12.4%), from €414,398 to €465,747
- Debts after one year -€11,720
down €11,720 (-65.9%), from €17,772 to €6,052
- Gross operating margin -€24,157
down €24,157 (-56.3%), from €42,878 to €18,722
- Financial income +€11,140
up €11,140 (+16.7%), from €66,904 to €78,044
- Taxes -€3,377
down €3,377 (-14.3%), from €23,582 to €20,205
- Financial charges -€544
down €544 (-25.9%), from €2,101 to €1,557
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 | €1,044,777 | €1,087,168 | +€42,391 | +4.1% |
| Fixed assets | 21/28 | €350,742 | €339,483 | -€11,260 | -3.2% |
| Tangible fixed assets | 22/27 | €350,592 | €339,333 | -€11,260 | -3.2% |
| Land and buildings | 22 | €318,562 | €316,493 | -€2,068 | -0.6% |
| Furniture and vehicles | 24 | €32,030 | €22,839 | -€9,191 | -28.7% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €694,035 | €747,686 | +€53,651 | +7.7% |
| Amounts receivable within one year | 40/41 | - | €2,206 | +€2,206 | |
| Other amounts receivable | 41 | - | €2,206 | +€2,206 | |
| Current investments | 50/53 | €574,266 | €695,251 | +€120,985 | +21.1% |
| Cash at bank and in hand | 54/58 | €105,944 | €45,949 | -€59,995 | -56.6% |
| Deferred charges and accrued income | 490/1 | €13,824 | €4,279 | -€9,545 | -69.0% |
| Total equity and liabilities | 10/49 | €1,044,777 | €1,087,168 | +€42,391 | +4.1% |
| Equity | 10/15 | €558,241 | €609,589 | +€51,349 | +9.2% |
| Contributions | 10/11 | €20,405 | €20,405 | = | 0.0% |
| Reserves | 13 | €414,398 | €465,747 | +€51,349 | +12.4% |
| Distributable reserves | 133 | €414,398 | €465,747 | +€51,349 | +12.4% |
| Profit (loss) carried forward | 14 | €123,438 | €123,438 | = | 0.0% |
| Amounts payable | 17/49 | €486,537 | €477,579 | -€8,958 | -1.8% |
| Amounts payable after more than one year | 17 | €17,772 | €6,052 | -€11,720 | -65.9% |
| Financial debts | 170/4 | €17,772 | €6,052 | -€11,720 | -65.9% |
| Amounts payable within one year | 42/48 | €468,765 | €471,443 | +€2,678 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | €17,983 | €18,458 | +€476 | +2.6% |
| Trade debts | 44 | €325 | €1,802 | +€1,477 | +454% |
| Suppliers | 440/4 | €325 | €1,802 | +€1,477 | +454% |
| Taxes, remuneration and social security | 45 | €1,889 | €3,008 | +€1,120 | +59.3% |
| Taxes | 450/3 | €1,889 | - | -€1,889 | |
| Remuneration and social security | 454/9 | - | €3,008 | +€3,008 | |
| Other amounts payable | 47/48 | €448,569 | €448,174 | -€395 | -0.1% |
| Accrued charges and deferred income | 492/3 | - | €84 | +€84 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,588 | €20,588 | = | 0.0% |
| Other operating charges | 640/8 | €3,093 | €3,068 | -€24 | -0.8% |
| Gross operating margin | 9900 | €42,878 | €18,722 | -€24,157 | -56.3% |
| Operating profit (loss) | 9901 | €19,198 | -€4,934 | -€24,133 | |
| Financial income | 75/76B | €66,904 | €78,044 | +€11,140 | +16.7% |
| Recurring financial income | 75 | €66,904 | €78,044 | +€11,140 | +16.7% |
| Financial charges | 65/66B | €2,101 | €1,557 | -€544 | -25.9% |
| Recurring financial charges | 65 | €2,101 | €1,557 | -€544 | -25.9% |
| Profit (loss) for the period before taxes | 9903 | €84,002 | €71,553 | -€12,449 | -14.8% |
| Income taxes | 67/77 | €23,582 | €20,205 | -€3,377 | -14.3% |
| Profit (loss) for the period | 9904 | €60,420 | €51,349 | -€9,071 | -15.0% |
| Profit (loss) for the period to be appropriated | 9905 | €60,420 | €51,349 | -€9,071 | -15.0% |
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 22 October 2026 via checked.be.