VYVERMAN TIM: 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.
What changed
VYVERMAN TIM
NACE 43.341, Painting of buildings
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€56,779
2024 · €163,431-€106,652
Equity
€554,785
2024 · €863,171-€308,386
Cash
€377,116
2024 · €367,917+€9,198
Balance sheet total
€1.2m
2024 · €1.6m-€381,164
Largest movements
Assets
- Receivables after one year -€321,359
down €321,359 (-60.8%), from €528,350 to €206,991
- Receivables within one year -€61,295
down €61,295 (-37.2%), from €164,633 to €103,338
of which Trade receivables: -€70,753
- Deferred charges and accrued income +€38,075
up €38,075 (+105%), from €36,189 to €74,264
- Tangible fixed assets -€36,545
down €36,545 (-7.9%), from €461,891 to €425,346
of which Furniture and vehicles: -€22,328
Equity and liabilities
- Reserves -€308,386
down €308,386 (-38.7%), from €795,905 to €487,519
of which Distributable reserves: -€308,386
- Debts after one year -€80,669
down €80,669 (-15.0%), from €536,348 to €455,679
Income statement
- Gross operating margin -€93,142
down €93,142 (-19.8%), from €471,017 to €377,875
- Staff costs +€13,397
up €13,397 (+6.2%), from €214,592 to €227,989
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.
Result 2024
€163,431
Gross operating margin
-€93,142
Staff costs
-€13,397
Depreciation
-€1,596
Other operating charges
+€475
Financial income
+€1,818
Financial charges
-€1,710
Taxes
+€899
Result 2025
€56,779
raises the resultlowers the result
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.
From operations
+€459,371
Investment
-€6,674
Financing
-€443,498
Cash 2024
€367,917
From operations (derived)
+€459,371
Net result for the year
+€56,779
Depreciation
+€43,219
Receivables after one year
+€321,359
Stocks and contracts
+€9,238
Receivables within one year
+€61,295
Deferred charges and accrued income
-€38,075
Trade debts
-€2,190
Tax, wage and social debts
+€5,158
Other debts
+€2,587
Investment (derived)
-€6,674
Investment in fixed assets (net)
-€6,674
Financing
-€443,498
Debts after one year
-€80,669
Current portion of long-term debt
+€2,336
Contributions, distributions and other
-€365,164
Cash 2025
€377,116
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,584,071 | €1,202,907 | -€381,164 | -24.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €462,076 | €425,531 | -€36,545 | -7.9% |
| Tangible fixed assets | 22/27 | €461,891 | €425,346 | -€36,545 | -7.9% |
| Land and buildings | 22 | €374,084 | €362,674 | -€11,410 | -3.1% |
| Plant, machinery and equipment | 23 | €12,830 | €10,023 | -€2,807 | -21.9% |
| Furniture and vehicles | 24 | €74,977 | €52,649 | -€22,328 | -29.8% |
| Financial fixed assets | 28 | €185 | €185 | = | 0.0% |
| Current assets | 29/58 | €1,121,995 | €777,376 | -€344,619 | -30.7% |
| Amounts receivable after more than one year | 29 | €528,350 | €206,991 | -€321,359 | -60.8% |
| Other amounts receivable | 291 | €528,350 | €206,991 | -€321,359 | -60.8% |
| Stocks and contracts in progress | 3 | €24,906 | €15,668 | -€9,238 | -37.1% |
| Contracts in progress | 37 | €24,906 | €15,668 | -€9,238 | -37.1% |
| Amounts receivable within one year | 40/41 | €164,633 | €103,338 | -€61,295 | -37.2% |
| Trade receivables | 40 | €144,925 | €74,172 | -€70,753 | -48.8% |
| Other amounts receivable | 41 | €19,709 | €29,166 | +€9,457 | +48.0% |
| Cash at bank and in hand | 54/58 | €367,917 | €377,116 | +€9,198 | +2.5% |
| Deferred charges and accrued income | 490/1 | €36,189 | €74,264 | +€38,075 | +105% |
| Total equity and liabilities | 10/49 | €1,584,071 | €1,202,907 | -€381,164 | -24.1% |
| Equity | 10/15 | €863,171 | €554,785 | -€308,386 | -35.7% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €795,905 | €487,519 | -€308,386 | -38.7% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €777,155 | €468,769 | -€308,386 | -39.7% |
| Profit (loss) carried forward | 14 | €66,766 | €66,766 | = | 0.0% |
| Amounts payable | 17/49 | €720,900 | €648,122 | -€72,778 | -10.1% |
| Amounts payable after more than one year | 17 | €536,348 | €455,679 | -€80,669 | -15.0% |
| Financial debts | 170/4 | €536,348 | €455,679 | -€80,669 | -15.0% |
| Amounts payable within one year | 42/48 | €184,552 | €192,442 | +€7,891 | +4.3% |
| Current portion of amounts payable after more than one year | 42 | €78,333 | €80,669 | +€2,336 | +3.0% |
| Trade debts | 44 | €92,150 | €89,960 | -€2,190 | -2.4% |
| Suppliers | 440/4 | €92,150 | €89,960 | -€2,190 | -2.4% |
| Taxes, remuneration and social security | 45 | €3,103 | €8,261 | +€5,158 | +166% |
| Taxes | 450/3 | €3,103 | €8,261 | +€5,158 | +166% |
| Other amounts payable | 47/48 | €10,965 | €13,553 | +€2,587 | +23.6% |
| Non-recurring operating income | 76A | €75,248 | - | -€75,248 | |
| Remuneration, social security and pensions | 62 | €214,592 | €227,989 | +€13,397 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,623 | €43,219 | +€1,596 | +3.8% |
| Other operating charges | 640/8 | €4,317 | €3,842 | -€475 | -11.0% |
| Gross operating margin | 9900 | €471,017 | €377,875 | -€93,142 | -19.8% |
| Operating profit (loss) | 9901 | €210,485 | €102,825 | -€107,659 | -51.1% |
| Financial income | 75/76B | €14,231 | €16,049 | +€1,818 | +12.8% |
| Recurring financial income | 75 | €14,231 | €16,049 | +€1,818 | +12.8% |
| Financial charges | 65/66B | €12,230 | €13,939 | +€1,710 | +14.0% |
| Recurring financial charges | 65 | €12,230 | €13,939 | +€1,710 | +14.0% |
| Profit (loss) for the period before taxes | 9903 | €212,486 | €104,935 | -€107,551 | -50.6% |
| Income taxes | 67/77 | €49,055 | €48,156 | -€899 | -1.8% |
| Profit (loss) for the period | 9904 | €163,431 | €56,779 | -€106,652 | -65.3% |
| Profit (loss) for the period to be appropriated | 9905 | €163,431 | €56,779 | -€106,652 | -65.3% |
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.