D'OUDE VESTING: 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.
D'OUDE VESTING
Largest movements
- Cash -€365,587
down €365,587 (-99.7%), from €366,707 to €1,121
mainly Other debts (-€248,821) and Net result for the year (-€112,010)
- Stocks and contracts -€60,000
down €60,000 (-24.9%), from €240,528 to €180,528
- Receivables within one year +€15,584
up €15,584 (+85.4%), from €18,256 to €33,841
of which Trade receivables: +€13,000
- Other debts -€248,821
down €248,821 (-97.3%), from €255,595 to €6,774
- Profit (loss) carried forward -€112,010
down €112,010 (-8.4%), from -€1.3m to -€1.5m
- Debts after one year -€85,366
down €85,366 (-7.2%), from €1.2m to €1.1m
of which Other amounts payable: -€1.2m
- Trade debts +€36,195
up €36,195 (+7.1%), from €508,719 to €544,914
of which Suppliers: +€36,195
- Gross operating margin +€141,748
up €141,748 (+64.6%), from -€219,255 to -€77,507
- Financial charges -€23,546
down €23,546 (-36.0%), from €65,338 to €41,792
- Financial income +€9,549
up €9,549 (+5,684%), from €168 to €9,717
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 | €625,492 | €215,489 | -€410,002 | -65.5% |
| Current assets | 29/58 | €625,492 | €215,489 | -€410,002 | -65.5% |
| Stocks and contracts in progress | 3 | €240,528 | €180,528 | -€60,000 | -24.9% |
| Stocks | 30/36 | €240,528 | €180,528 | -€60,000 | -24.9% |
| Amounts receivable within one year | 40/41 | €18,256 | €33,841 | +€15,584 | +85.4% |
| Trade receivables | 40 | €0 | €13,000 | +€13,000 | |
| Other amounts receivable | 41 | €18,256 | €20,841 | +€2,584 | +14.2% |
| Cash at bank and in hand | 54/58 | €366,707 | €1,121 | -€365,587 | -99.7% |
| Total equity and liabilities | 10/49 | €625,492 | €215,489 | -€410,002 | -65.5% |
| Equity | 10/15 | -€1,320,020 | -€1,432,030 | -€112,010 | -8.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,338,570 | -€1,450,580 | -€112,010 | -8.4% |
| Amounts payable | 17/49 | €1,945,511 | €1,647,519 | -€297,993 | -15.3% |
| Amounts payable after more than one year | 17 | €1,181,197 | €1,095,831 | -€85,366 | -7.2% |
| Financial debts | 170/4 | - | €1,090,831 | +€1.1m | |
| Other amounts payable | 178/9 | €1,181,197 | €5,000 | -€1.2m | -99.6% |
| Amounts payable within one year | 42/48 | €764,314 | €551,688 | -€212,626 | -27.8% |
| Trade debts | 44 | €508,719 | €544,914 | +€36,195 | +7.1% |
| Suppliers | 440/4 | €508,719 | €544,914 | +€36,195 | +7.1% |
| Bills of exchange payable | 441 | €0 | - | = | |
| Other amounts payable | 47/48 | €255,595 | €6,774 | -€248,821 | -97.3% |
| Other operating charges | 640/8 | €394 | €2,427 | +€2,033 | +516% |
| Gross operating margin | 9900 | -€219,255 | -€77,507 | +€141,748 | +64.6% |
| Operating profit (loss) | 9901 | -€219,649 | -€79,934 | +€139,715 | +63.6% |
| Financial income | 75/76B | €168 | €9,717 | +€9,549 | +5,684% |
| Recurring financial income | 75 | €168 | €9,717 | +€9,549 | +5,684% |
| Financial charges | 65/66B | €65,338 | €41,792 | -€23,546 | -36.0% |
| Recurring financial charges | 65 | €65,338 | €41,792 | -€23,546 | -36.0% |
| Profit (loss) for the period before taxes | 9903 | -€284,819 | -€112,010 | +€172,809 | +60.7% |
| Profit (loss) for the period | 9904 | -€284,819 | -€112,010 | +€172,809 | +60.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€284,819 | -€112,010 | +€172,809 | +60.7% |
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.