DE CAUSMAECKER - DE VOS: 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.
DE CAUSMAECKER - DE VOS
Largest movements
- Stocks and contracts +€52,075
up €52,075 (+31.1%), from €167,403 to €219,478
of which Stocks: +€52,144
- Cash -€47,896
down €47,896 (-36.6%), from €130,874 to €82,978
mainly Stocks and contracts (-€52,075) and Trade debts (-€17,267)
- Receivables within one year -€12,673
down €12,673 (-34.7%), from €36,505 to €23,832
of which Trade receivables: -€13,897
- Tangible fixed assets -€8,063
down €8,063 (-22.6%), from €35,673 to €27,610
of which Furniture and vehicles: -€6,834
- Deferred charges and accrued income -€5,278
down €5,278 (-49.7%), from €10,615 to €5,336
- Trade debts -€17,267
down €17,267 (-20.8%), from €83,108 to €65,840
- Other debts -€17,260
down €17,260 (-12.8%), from €134,876 to €117,616
- Tax, wage and social debts +€5,413
up €5,413 (+24.1%), from €22,444 to €27,856
of which Remuneration and social security: +€20,215
- Profit (loss) carried forward +€3,879
up €3,879 (+19.7%), from €19,717 to €23,596
- Taxes -€2,871
down €2,871 (-68.2%), from €4,208 to €1,337
- Financial charges +€2,214
up €2,214 (+25.7%), from €8,628 to €10,842
- Financial income +€1,715
up €1,715 (+101%), from €1,693 to €3,408
- Other operating charges -€1,312
down €1,312 (-55.1%), from €2,380 to €1,068
- Gross operating margin -€652
down €652 (-2.3%), from €28,962 to €28,309
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 | €381,069 | €359,235 | -€21,835 | -5.7% |
| Fixed assets | 21/28 | €35,673 | €27,610 | -€8,063 | -22.6% |
| Tangible fixed assets | 22/27 | €35,673 | €27,610 | -€8,063 | -22.6% |
| Land and buildings | 22 | €256 | - | -€256 | |
| Plant, machinery and equipment | 23 | €13,612 | €12,639 | -€973 | -7.1% |
| Furniture and vehicles | 24 | €21,805 | €14,971 | -€6,834 | -31.3% |
| Current assets | 29/58 | €345,397 | €331,625 | -€13,772 | -4.0% |
| Stocks and contracts in progress | 3 | €167,403 | €219,478 | +€52,075 | +31.1% |
| Stocks | 30/36 | €167,334 | €219,478 | +€52,144 | +31.2% |
| Contracts in progress | 37 | €69 | - | -€69 | |
| Amounts receivable within one year | 40/41 | €36,505 | €23,832 | -€12,673 | -34.7% |
| Trade receivables | 40 | €30,250 | €16,353 | -€13,897 | -45.9% |
| Other amounts receivable | 41 | €6,255 | €7,479 | +€1,224 | +19.6% |
| Cash at bank and in hand | 54/58 | €130,874 | €82,978 | -€47,896 | -36.6% |
| Deferred charges and accrued income | 490/1 | €10,615 | €5,336 | -€5,278 | -49.7% |
| Total equity and liabilities | 10/49 | €381,069 | €359,235 | -€21,835 | -5.7% |
| Equity | 10/15 | €140,642 | €144,520 | +€3,879 | +2.8% |
| Contributions | 10/11 | €49,600 | €49,600 | = | 0.0% |
| Reserves | 13 | €71,325 | €71,325 | = | 0.0% |
| Distributable reserves | 133 | €71,325 | €71,325 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,717 | €23,596 | +€3,879 | +19.7% |
| Amounts payable | 17/49 | €240,427 | €214,714 | -€25,713 | -10.7% |
| Amounts payable within one year | 42/48 | €240,427 | €214,714 | -€25,713 | -10.7% |
| Trade debts | 44 | €83,108 | €65,840 | -€17,267 | -20.8% |
| Suppliers | 440/4 | €83,108 | €65,840 | -€17,267 | -20.8% |
| Advances received on contracts in progress | 46 | - | €3,401 | +€3,401 | |
| Taxes, remuneration and social security | 45 | €22,444 | €27,856 | +€5,413 | +24.1% |
| Taxes | 450/3 | €22,444 | €7,642 | -€14,802 | -66.0% |
| Remuneration and social security | 454/9 | - | €20,215 | +€20,215 | |
| Other amounts payable | 47/48 | €134,876 | €117,616 | -€17,260 | -12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,559 | €12,992 | +€432 | +3.4% |
| Other operating charges | 640/8 | €2,380 | €1,068 | -€1,312 | -55.1% |
| Gross operating margin | 9900 | €28,962 | €28,309 | -€652 | -2.3% |
| Operating profit (loss) | 9901 | €14,022 | €14,249 | +€227 | +1.6% |
| Financial income | 75/76B | €1,693 | €3,408 | +€1,715 | +101% |
| Recurring financial income | 75 | €1,693 | €3,408 | +€1,715 | +101% |
| Financial charges | 65/66B | €8,628 | €10,842 | +€2,214 | +25.7% |
| Recurring financial charges | 65 | €8,628 | €10,842 | +€2,214 | +25.7% |
| Profit (loss) for the period before taxes | 9903 | €7,088 | €6,816 | -€272 | -3.8% |
| Income taxes | 67/77 | €4,208 | €1,337 | -€2,871 | -68.2% |
| Profit (loss) for the period | 9904 | €2,879 | €5,479 | +€2,599 | +90.3% |
| Profit (loss) for the period to be appropriated | 9905 | €2,879 | €5,479 | +€2,599 | +90.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.