VANTHUYNE VINCENT: 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 VINCENT
Largest movements
- Receivables within one year -€177,061
down €177,061 (-90.1%), from €196,604 to €19,543
of which Other amounts receivable: -€179,472
- Cash +€80,873
up €80,873 (+187%), from €43,247 to €124,120
mainly Receivables within one year (+€177,061) and Net result for the year (+€159,158)
- Other debts -€106,871
down €106,871 (-40.2%), from €266,029 to €159,158
- Tax, wage and social debts +€9,814
up €9,814, from €0 to €9,814
- Gross operating margin -€153,717
down €153,717 (-42.2%), from €364,333 to €210,616
- Taxes -€34,493
down €34,493 (-40.9%), from €84,379 to €49,886
- Depreciation -€8,879
down €8,879 (-88.6%), from €10,017 to €1,137
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 | €284,580 | €189,934 | -€94,646 | -33.3% |
| Fixed assets | 21/28 | €8,287 | €10,349 | +€2,063 | +24.9% |
| Tangible fixed assets | 22/27 | €8,287 | €10,349 | +€2,063 | +24.9% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €822 | €736 | -€85 | -10.4% |
| Furniture and vehicles | 24 | €4,115 | €3,063 | -€1,052 | -25.6% |
| Other tangible fixed assets | 26 | €3,350 | €6,550 | +€3,200 | +95.5% |
| Current assets | 29/58 | €276,293 | €179,585 | -€96,709 | -35.0% |
| Amounts receivable within one year | 40/41 | €196,604 | €19,543 | -€177,061 | -90.1% |
| Trade receivables | 40 | - | €2,411 | +€2,411 | |
| Other amounts receivable | 41 | €196,604 | €17,132 | -€179,472 | -91.3% |
| Cash at bank and in hand | 54/58 | €43,247 | €124,120 | +€80,873 | +187% |
| Deferred charges and accrued income | 490/1 | €36,442 | €35,921 | -€521 | -1.4% |
| Total equity and liabilities | 10/49 | €284,580 | €189,934 | -€94,646 | -33.3% |
| Equity | 10/15 | €18,551 | €18,551 | = | 0.0% |
| Contributions | 10/11 | €18,551 | €18,551 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €266,029 | €171,383 | -€94,646 | -35.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €266,029 | €171,383 | -€94,646 | -35.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €0 | €2,411 | +€2,411 | |
| Suppliers | 440/4 | €0 | €2,411 | +€2,411 | |
| Taxes, remuneration and social security | 45 | €0 | €9,814 | +€9,814 | |
| Taxes | 450/3 | €0 | €9,814 | +€9,814 | |
| Other amounts payable | 47/48 | €266,029 | €159,158 | -€106,871 | -40.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,017 | €1,137 | -€8,879 | -88.6% |
| Other operating charges | 640/8 | €1,946 | €531 | -€1,414 | -72.7% |
| Gross operating margin | 9900 | €364,333 | €210,616 | -€153,717 | -42.2% |
| Operating profit (loss) | 9901 | €352,371 | €208,947 | -€143,424 | -40.7% |
| Financial income | 75/76B | €332 | €241 | -€91 | -27.5% |
| Recurring financial income | 75 | €332 | €241 | -€91 | -27.5% |
| Financial charges | 65/66B | €2,295 | €144 | -€2,150 | -93.7% |
| Recurring financial charges | 65 | €2,295 | €144 | -€2,150 | -93.7% |
| Profit (loss) for the period before taxes | 9903 | €350,408 | €209,044 | -€141,364 | -40.3% |
| Income taxes | 67/77 | €84,379 | €49,886 | -€34,493 | -40.9% |
| Profit (loss) for the period | 9904 | €266,029 | €159,158 | -€106,871 | -40.2% |
| Profit (loss) for the period to be appropriated | 9905 | €266,029 | €159,158 | -€106,871 | -40.2% |
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.