BOUWONDERNEMING GUY DE VREESE: 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
BOUWONDERNEMING GUY DE VREESE
NACE 41.001, General construction of residential buildings
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
€70,354
2025 · €1,364+€68,990
Equity
€876,660
2025 · €806,306+€70,354
Cash
€1,979
2025 · €1,943+€36
Balance sheet total
€5.0m
2025 · €4.9m+€27,663
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Reserves +€70,354
up €70,354 (+29.2%), from €240,826 to €311,180
of which Distributable reserves: +€70,354
- Debts after one year -€66,925
no longer reported in 2026 (was €66,925)
- Current portion of long-term debt +€66,925
up €66,925 (+347%), from €19,259 to €86,184
Income statement
- Gross operating margin +€57,543
up €57,543 (+89.3%), from €64,455 to €121,998
- Staff costs -€29,395
no longer reported in 2026 (was €29,395)
- Taxes +€16,789
new in 2026: €16,789
- Other operating charges +€10,803
up €10,803 (+154%), from €7,021 to €17,824
- Financial charges -€5,895
down €5,895 (-89.2%), from €6,611 to €716
From the 2025 result to the 2026 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 2025
€1,364
Gross operating margin
+€57,543
Staff costs
+€29,395
Depreciation
+€3,765
Other operating charges
-€10,803
Financial income
-€15
Financial charges
+€5,895
Taxes
-€16,789
Result 2026
€70,354
raises the resultlowers the result
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€66
Investment
-€55
Financing
+€25
Cash 2025
€1,943
From operations (derived)
+€66
Net result for the year
+€70,354
Depreciation
+€16,315
Receivables within one year
-€43,774
Deferred charges and accrued income
-€112
Trade debts
+€15,226
Tax, wage and social debts
-€21,768
Other debts
-€36,173
Investment (derived)
-€55
Investment in fixed assets (net)
-€55
Financing
+€25
Debts after one year
-€66,925
Current portion of long-term debt
+€66,925
Short-term financial debts
+€25
Cash 2026
€1,979
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,946,547 | €4,974,210 | +€27,663 | +0.6% |
| Fixed assets | 21/28 | €70,326 | €54,067 | -€16,259 | -23.1% |
| Tangible fixed assets | 22/27 | €39,116 | €22,857 | -€16,259 | -41.6% |
| Land and buildings | 22 | €3,483 | €2,859 | -€624 | -17.9% |
| Plant, machinery and equipment | 23 | €31,339 | €17,050 | -€14,290 | -45.6% |
| Furniture and vehicles | 24 | €4,294 | €2,948 | -€1,346 | -31.3% |
| Financial fixed assets | 28 | €31,210 | €31,210 | = | 0.0% |
| Current assets | 29/58 | €4,876,221 | €4,920,143 | +€43,923 | +0.9% |
| Stocks and contracts in progress | 3 | €945,757 | €945,757 | = | 0.0% |
| Stocks | 30/36 | €93,500 | €93,500 | = | 0.0% |
| Contracts in progress | 37 | €852,257 | €852,257 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €3,928,521 | €3,972,296 | +€43,774 | +1.1% |
| Trade receivables | 40 | €1,509,014 | €1,571,986 | +€62,972 | +4.2% |
| Other amounts receivable | 41 | €2,419,507 | €2,400,309 | -€19,198 | -0.8% |
| Cash at bank and in hand | 54/58 | €1,943 | €1,979 | +€36 | +1.9% |
| Deferred charges and accrued income | 490/1 | - | €112 | +€112 | |
| Total equity and liabilities | 10/49 | €4,946,547 | €4,974,210 | +€27,663 | +0.6% |
| Equity | 10/15 | €806,306 | €876,660 | +€70,354 | +8.7% |
| Contributions | 10/11 | €195,836 | €195,836 | = | 0.0% |
| Reserves | 13 | €240,826 | €311,180 | +€70,354 | +29.2% |
| Non-distributable reserves | 130/1 | €19,584 | €19,584 | = | 0.0% |
| Reserves not available under the articles | 1311 | €19,584 | €19,584 | = | 0.0% |
| Distributable reserves | 133 | €221,242 | €291,596 | +€70,354 | +31.8% |
| Profit (loss) carried forward | 14 | €369,644 | €369,644 | = | 0.0% |
| Amounts payable | 17/49 | €4,140,241 | €4,097,551 | -€42,691 | -1.0% |
| Amounts payable after more than one year | 17 | €66,925 | - | -€66,925 | |
| Financial debts | 170/4 | €66,925 | - | -€66,925 | |
| Amounts payable within one year | 42/48 | €4,073,316 | €4,097,551 | +€24,234 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | €19,259 | €86,184 | +€66,925 | +347% |
| Financial debts | 43 | €20 | €45 | +€25 | +128% |
| Credit institutions | 430/8 | €20 | €45 | +€25 | +128% |
| Trade debts | 44 | €85,037 | €100,263 | +€15,226 | +17.9% |
| Suppliers | 440/4 | €85,037 | €100,263 | +€15,226 | +17.9% |
| Advances received on contracts in progress | 46 | €21,598 | €21,598 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €60,762 | €38,993 | -€21,768 | -35.8% |
| Taxes | 450/3 | €21,768 | - | -€21,768 | |
| Remuneration and social security | 454/9 | €38,993 | €38,993 | = | 0.0% |
| Other amounts payable | 47/48 | €3,886,641 | €3,850,468 | -€36,173 | -0.9% |
| Remuneration, social security and pensions | 62 | €29,395 | - | -€29,395 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,079 | €16,315 | -€3,765 | -18.7% |
| Other operating charges | 640/8 | €7,021 | €17,824 | +€10,803 | +154% |
| Gross operating margin | 9900 | €64,455 | €121,998 | +€57,543 | +89.3% |
| Operating profit (loss) | 9901 | €7,960 | €87,860 | +€79,900 | +1,004% |
| Financial income | 75/76B | €15 | - | -€15 | |
| Recurring financial income | 75 | €15 | - | -€15 | |
| Financial charges | 65/66B | €6,611 | €716 | -€5,895 | -89.2% |
| Recurring financial charges | 65 | €6,611 | €716 | -€5,895 | -89.2% |
| Profit (loss) for the period before taxes | 9903 | €1,364 | €87,143 | +€85,779 | +6,289% |
| Income taxes | 67/77 | - | €16,789 | +€16,789 | |
| Profit (loss) for the period | 9904 | €1,364 | €70,354 | +€68,990 | +5,058% |
| Profit (loss) for the period to be appropriated | 9905 | €1,364 | €70,354 | +€68,990 | +5,058% |
Source: filed annual accounts (NBB), financial years ended 28 February 2025 and 28 February 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.