VF TUINEN: 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.
VF TUINEN
Largest movements
- Stocks and contracts +€172,000
new in 2025: €172,000
- Receivables within one year -€154,717
down €154,717 (-50.9%), from €304,170 to €149,453
of which Trade receivables: -€152,537
- Cash -€19,859
down €19,859 (-90.3%), from €21,986 to €2,127
mainly Stocks and contracts (-€172,000) and Investment in fixed assets (net) (-€47,354)
- Tangible fixed assets +€10,981
up €10,981 (+4.4%), from €250,472 to €261,453
of which Furniture and vehicles: +€24,768
- Financial fixed assets +€10,000
up €10,000, from €0 to €10,000
- Trade debts -€20,240
down €20,240 (-37.9%), from €53,362 to €33,121
- Reserves +€14,613
up €14,613 (+7.1%), from €206,295 to €220,908
- Other debts +€14,523
up €14,523 (+26.5%), from €54,876 to €69,398
- Debts after one year +€8,941
up €8,941 (+3.9%), from €227,016 to €235,957
- Gross operating margin -€47,741
down €47,741 (-48.0%), from €99,378 to €51,637
- Taxes -€11,171
down €11,171 (-74.8%), from €14,930 to €3,759
- Financial income -€3,132
down €3,132 (-89.8%), from €3,486 to €354
- Financial charges +€1,701
up €1,701 (+37.8%), from €4,498 to €6,199
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 | €579,434 | €597,765 | +€18,330 | +3.2% |
| Fixed assets | 21/28 | €250,472 | €271,453 | +€20,981 | +8.4% |
| Tangible fixed assets | 22/27 | €250,472 | €261,453 | +€10,981 | +4.4% |
| Land and buildings | 22 | €243,752 | €232,713 | -€11,039 | -4.5% |
| Plant, machinery and equipment | 23 | €6,327 | €3,580 | -€2,747 | -43.4% |
| Furniture and vehicles | 24 | €393 | €25,160 | +€24,768 | +6,307% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | €10,000 | +€10,000 | |
| Current assets | 29/58 | €328,962 | €326,311 | -€2,651 | -0.8% |
| Stocks and contracts in progress | 3 | - | €172,000 | +€172,000 | |
| Contracts in progress | 37 | - | €172,000 | +€172,000 | |
| Amounts receivable within one year | 40/41 | €304,170 | €149,453 | -€154,717 | -50.9% |
| Trade receivables | 40 | €290,024 | €137,487 | -€152,537 | -52.6% |
| Other amounts receivable | 41 | €14,146 | €11,966 | -€2,180 | -15.4% |
| Cash at bank and in hand | 54/58 | €21,986 | €2,127 | -€19,859 | -90.3% |
| Deferred charges and accrued income | 490/1 | €2,806 | €2,731 | -€75 | -2.7% |
| Total equity and liabilities | 10/49 | €579,434 | €597,765 | +€18,330 | +3.2% |
| Equity | 10/15 | €206,395 | €221,008 | +€14,613 | +7.1% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €206,295 | €220,908 | +€14,613 | +7.1% |
| Distributable reserves | 133 | €206,295 | €220,908 | +€14,613 | +7.1% |
| Amounts payable | 17/49 | €373,039 | €376,757 | +€3,718 | +1.0% |
| Amounts payable after more than one year | 17 | €227,016 | €235,957 | +€8,941 | +3.9% |
| Financial debts | 170/4 | €227,016 | €235,957 | +€8,941 | +3.9% |
| Amounts payable within one year | 42/48 | €146,023 | €140,800 | -€5,223 | -3.6% |
| Current portion of amounts payable after more than one year | 42 | €22,956 | €28,851 | +€5,895 | +25.7% |
| Trade debts | 44 | €53,362 | €33,121 | -€20,240 | -37.9% |
| Suppliers | 440/4 | €53,362 | €33,121 | -€20,240 | -37.9% |
| Taxes, remuneration and social security | 45 | €14,830 | €9,430 | -€5,400 | -36.4% |
| Taxes | 450/3 | €6,430 | €9,430 | +€3,000 | +46.7% |
| Remuneration and social security | 454/9 | €8,400 | €0 | -€8,400 | -100% |
| Other amounts payable | 47/48 | €54,876 | €69,398 | +€14,523 | +26.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,705 | €26,373 | +€668 | +2.6% |
| Other operating charges | 640/8 | €466 | €1,048 | +€582 | +125% |
| Gross operating margin | 9900 | €99,378 | €51,637 | -€47,741 | -48.0% |
| Operating profit (loss) | 9901 | €73,207 | €24,216 | -€48,991 | -66.9% |
| Financial income | 75/76B | €3,486 | €354 | -€3,132 | -89.8% |
| Recurring financial income | 75 | €3,486 | €354 | -€3,132 | -89.8% |
| Financial charges | 65/66B | €4,498 | €6,199 | +€1,701 | +37.8% |
| Recurring financial charges | 65 | €4,498 | €6,199 | +€1,701 | +37.8% |
| Profit (loss) for the period before taxes | 9903 | €72,195 | €18,371 | -€53,823 | -74.6% |
| Income taxes | 67/77 | €14,930 | €3,759 | -€11,171 | -74.8% |
| Profit (loss) for the period | 9904 | €57,265 | €14,613 | -€42,652 | -74.5% |
| Profit (loss) for the period to be appropriated | 9905 | €57,265 | €14,613 | -€42,652 | -74.5% |
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 18 October 2026 via checked.be.