Yves Van Pul: 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.
Yves Van Pul
Largest movements
- Receivables within one year +€194,804
up €194,804 (+67.1%), from €290,148 to €484,952
of which Trade receivables: +€202,515
- Current investments +€35,375
up €35,375 (+12.0%), from €294,842 to €330,217
- Deferred charges and accrued income +€10,687
up €10,687 (+218%), from €4,897 to €15,584
- Tangible fixed assets -€10,221
down €10,221 (-17.5%), from €58,334 to €48,113
of which Furniture and vehicles: -€6,463
- Other debts +€201,870
up €201,870 (+45.7%), from €441,404 to €643,274
- Tax, wage and social debts +€57,873
up €57,873 (+155%), from €37,352 to €95,225
of which Taxes: +€57,873
- Profit (loss) carried forward -€40,458
down €40,458 (-14.9%), from €270,946 to €230,488
- Gross operating margin +€468,089
up €468,089 (+47.2%), from €992,360 to €1.5m
- Taxes +€114,692
up €114,692 (+47.4%), from €242,174 to €356,866
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 | €777,368 | €999,146 | +€221,778 | +28.5% |
| Fixed assets | 21/28 | €58,334 | €48,113 | -€10,221 | -17.5% |
| Tangible fixed assets | 22/27 | €58,334 | €48,113 | -€10,221 | -17.5% |
| Plant, machinery and equipment | 23 | €5,337 | €4,127 | -€1,210 | -22.7% |
| Furniture and vehicles | 24 | €37,364 | €30,901 | -€6,463 | -17.3% |
| Other tangible fixed assets | 26 | €15,633 | €13,085 | -€2,548 | -16.3% |
| Current assets | 29/58 | €719,034 | €951,033 | +€231,999 | +32.3% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €290,148 | €484,952 | +€194,804 | +67.1% |
| Trade receivables | 40 | €282,438 | €484,952 | +€202,515 | +71.7% |
| Other amounts receivable | 41 | €7,710 | €0 | -€7,710 | -100% |
| Current investments | 50/53 | €294,842 | €330,217 | +€35,375 | +12.0% |
| Cash at bank and in hand | 54/58 | €129,147 | €120,280 | -€8,867 | -6.9% |
| Deferred charges and accrued income | 490/1 | €4,897 | €15,584 | +€10,687 | +218% |
| Total equity and liabilities | 10/49 | €777,368 | €999,146 | +€221,778 | +28.5% |
| Equity | 10/15 | €296,819 | €256,361 | -€40,458 | -13.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €5,873 | €5,873 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,196 | €3,196 | = | 0.0% |
| Distributable reserves | 133 | €2,677 | €2,677 | = | 0.0% |
| Profit (loss) carried forward | 14 | €270,946 | €230,488 | -€40,458 | -14.9% |
| Amounts payable | 17/49 | €480,549 | €742,784 | +€262,235 | +54.6% |
| Amounts payable within one year | 42/48 | €480,419 | €742,784 | +€262,366 | +54.6% |
| Trade debts | 44 | €1,663 | €4,286 | +€2,623 | +158% |
| Suppliers | 440/4 | €1,663 | €4,286 | +€2,623 | +158% |
| Taxes, remuneration and social security | 45 | €37,352 | €95,225 | +€57,873 | +155% |
| Taxes | 450/3 | €35,602 | €93,475 | +€57,873 | +163% |
| Remuneration and social security | 454/9 | €1,750 | €1,750 | = | 0.0% |
| Other amounts payable | 47/48 | €441,404 | €643,274 | +€201,870 | +45.7% |
| Accrued charges and deferred income | 492/3 | €130 | €0 | -€130 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,881 | €15,218 | -€662 | -4.2% |
| Other operating charges | 640/8 | €5,206 | €5,605 | +€399 | +7.7% |
| Non-recurring operating charges | 66A | - | €13,627 | +€13,627 | |
| Gross operating margin | 9900 | €992,360 | €1,460,448 | +€468,089 | +47.2% |
| Operating profit (loss) | 9901 | €971,273 | €1,425,998 | +€454,725 | +46.8% |
| Financial income | 75/76B | €0 | €119 | +€119 | +297,225% |
| Recurring financial income | 75 | €0 | €119 | +€119 | +297,225% |
| Financial charges | 65/66B | €6,207 | €9,709 | +€3,502 | +56.4% |
| Recurring financial charges | 65 | €6,207 | €9,709 | +€3,502 | +56.4% |
| Profit (loss) for the period before taxes | 9903 | €965,066 | €1,416,408 | +€451,342 | +46.8% |
| Income taxes | 67/77 | €242,174 | €356,866 | +€114,692 | +47.4% |
| Profit (loss) for the period | 9904 | €722,892 | €1,059,542 | +€336,650 | +46.6% |
| Profit (loss) for the period to be appropriated | 9905 | €722,892 | €1,059,542 | +€336,650 | +46.6% |
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 25 October 2026 via checked.be.