DE FRUYTIER: what changed
DE FRUYTIER
Largest movements
- Current investments -€3.0m
no longer reported in 2025 (was €3.0m)
- Receivables within one year +€115,638
up €115,638 (+20.3%), from €570,913 to €686,552
of which Trade receivables: +€119,114
- Cash +€101,749
up €101,749 (+23.0%), from €441,484 to €543,233
mainly Current investments (+€3.0m) and Net result for the year (+€272,231)
- Reserves -€3.0m
down €3.0m (-69.1%), from €4.4m to €1.3m
of which Distributable reserves: -€3.0m
- Other debts +€135,915
new in 2025: €135,915
- Trade debts +€96,508
up €96,508 (+78.5%), from €122,886 to €219,394
- Contributions -€50,971
down €50,971 (-68.0%), from €75,000 to €24,029
- Staff costs +€57,654
up €57,654 (+8.6%), from €667,577 to €725,231
- Gross operating margin +€40,564
up €40,564 (+3.6%), from €1.1m to €1.2m
- Financial income -€34,125
down €34,125 (-47.7%), from €71,533 to €37,408
- Taxes -€22,713
down €22,713 (-15.7%), from €144,451 to €121,738
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,711,428 | €1,891,055 | -€2.8m | -59.9% |
| Fixed assets | 21/28 | €260,257 | €230,396 | -€29,861 | -11.5% |
| Tangible fixed assets | 22/27 | €260,257 | €230,396 | -€29,861 | -11.5% |
| Land and buildings | 22 | €32,377 | - | -€32,377 | |
| Furniture and vehicles | 24 | €227,880 | €230,396 | +€2,516 | +1.1% |
| Current assets | 29/58 | €4,451,170 | €1,660,659 | -€2.8m | -62.7% |
| Stocks and contracts in progress | 3 | €459,874 | €430,875 | -€29,000 | -6.3% |
| Stocks | 30/36 | €459,874 | €430,875 | -€29,000 | -6.3% |
| Amounts receivable within one year | 40/41 | €570,913 | €686,552 | +€115,638 | +20.3% |
| Trade receivables | 40 | €567,438 | €686,552 | +€119,114 | +21.0% |
| Other amounts receivable | 41 | €3,475 | - | -€3,475 | |
| Current investments | 50/53 | €2,978,899 | - | -€3.0m | |
| Cash at bank and in hand | 54/58 | €441,484 | €543,233 | +€101,749 | +23.0% |
| Total equity and liabilities | 10/49 | €4,711,428 | €1,891,055 | -€2.8m | -59.9% |
| Equity | 10/15 | €4,430,697 | €1,368,572 | -€3.1m | -69.1% |
| Contributions | 10/11 | €75,000 | €24,029 | -€50,971 | -68.0% |
| Reserves | 13 | €4,355,697 | €1,344,543 | -€3.0m | -69.1% |
| Tax-exempt reserves | 132 | €4,934 | €1,581 | -€3,353 | -68.0% |
| Distributable reserves | 133 | €4,350,763 | €1,342,962 | -€3.0m | -69.1% |
| Amounts payable | 17/49 | €280,731 | €522,484 | +€241,753 | +86.1% |
| Amounts payable within one year | 42/48 | €280,731 | €522,484 | +€241,753 | +86.1% |
| Trade debts | 44 | €122,886 | €219,394 | +€96,508 | +78.5% |
| Suppliers | 440/4 | €122,886 | €219,394 | +€96,508 | +78.5% |
| Taxes, remuneration and social security | 45 | €157,845 | €167,174 | +€9,330 | +5.9% |
| Taxes | 450/3 | €85,471 | €96,404 | +€10,932 | +12.8% |
| Remuneration and social security | 454/9 | €72,374 | €70,771 | -€1,603 | -2.2% |
| Other amounts payable | 47/48 | - | €135,915 | +€135,915 | |
| Non-recurring operating income | 76A | €6,582 | €19,593 | +€13,011 | +198% |
| Remuneration, social security and pensions | 62 | €667,577 | €725,231 | +€57,654 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,102 | €52,307 | -€1,795 | -3.3% |
| Other operating charges | 640/8 | €13,096 | €6,505 | -€6,591 | -50.3% |
| Non-recurring operating charges | 66A | - | €25,925 | +€25,925 | |
| Gross operating margin | 9900 | €1,132,148 | €1,172,713 | +€40,564 | +3.6% |
| Operating profit (loss) | 9901 | €397,374 | €362,745 | -€34,629 | -8.7% |
| Financial income | 75/76B | €71,533 | €37,408 | -€34,125 | -47.7% |
| Recurring financial income | 75 | €71,533 | €37,408 | -€34,125 | -47.7% |
| Financial charges | 65/66B | €7,929 | €6,183 | -€1,746 | -22.0% |
| Recurring financial charges | 65 | €7,929 | €6,183 | -€1,746 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | €460,977 | €393,969 | -€67,008 | -14.5% |
| Income taxes | 67/77 | €144,451 | €121,738 | -€22,713 | -15.7% |
| Profit (loss) for the period | 9904 | €316,526 | €272,231 | -€44,295 | -14.0% |
| Profit (loss) for the period to be appropriated | 9905 | €316,526 | €272,231 | -€44,295 | -14.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.