DE GRYSE VINCENT: what changed
What changed
DE GRYSE VINCENT
NACE 68.110, Buying and selling of own real estate
filed annual accounts (NBB)
Net result for the year
€2.9m
2024 · €19.9m-€17.0m
Equity
€44.2m
2024 · €44.0m+€230,654
Cash
€705,465
2024 · €1.1m-€414,003
Balance sheet total
€44.3m
2024 · €44.0m+€218,077
Largest movements
Assets
- Current investments +€15.0m
up €15.0m (+67.4%), from €22.3m to €37.4m
- Financial fixed assets -€6.4m
down €6.4m (-71.0%), from €9.0m to €2.6m
of which Other financial fixed assets: -€5.6m
- Receivables after one year -€3.3m
down €3.3m (-72.4%), from €4.5m to €1.3m
- Tangible fixed assets -€2.4m
down €2.4m (-58.0%), from €4.2m to €1.8m
of which Land and buildings: -€2.4m
- Receivables within one year -€2.2m
down €2.2m (-89.1%), from €2.4m to €262,925
of which Other amounts receivable: -€2.2m
Equity and liabilities
- Reserves +€951,237
up €951,237 (+2.8%), from €34.4m to €35.3m
of which Distributable reserves: +€982,389
- Contributions -€536,000
down €536,000 (-5.7%), from €9.4m to €8.8m
Income statement
- Financial income -€17.4m
down €17.4m (-85.2%), from €20.4m to €3.0m
- Financial charges +€639,430
up €639,430 (+89.1%), from €717,474 to €1.4m
- Taxes +€566,295
up €566,295 (+392%), from €144,598 to €710,893
- Turnover -€378,549
down €378,549 (-57.4%), from €658,931 to €280,383
- Services and other goods +€77,794
up €77,794 (+41.4%), from €187,945 to €265,739
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.
Result 2024
€19.9m
Turnover
-€378,549
Other operating income
+€3,228
Services and other goods
-€77,794
Depreciation
+€72,185
Other operating charges
-€33,990
Other operating items
+€2.0m
Financial income
-€17.4m
Financial charges
-€639,430
Taxes
-€566,295
Deferred taxes and other
+€3,840
Result 2025
€2.9m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€8.6m
Investment
-€6.3m
Financing
-€2.7m
Cash 2024
€1.1m
From operations (derived)
+€8.6m
Net result for the year
+€2.9m
Depreciation
+€89,097
Receivables after one year
+€3.3m
Receivables within one year
+€2.2m
Deferred charges and accrued income
+€188,044
Smaller working-capital items
-€13,580
Investment (derived)
-€6.3m
Investment in fixed assets (net)
+€8.7m
Current investments
-€15.0m
Financing
-€2.7m
Short-term financial debts
+€1,004
Contributions, distributions and other
-€2.7m
Cash 2025
€705,465
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €44,042,857 | €44,260,935 | +€218,077 | +0.5% |
| Fixed assets | 21/28 | €13,149,454 | €4,359,868 | -€8.8m | -66.8% |
| Tangible fixed assets | 22/27 | €4,195,422 | €1,763,117 | -€2.4m | -58.0% |
| Land and buildings | 22 | €4,052,901 | €1,672,266 | -€2.4m | -58.7% |
| Furniture and vehicles | 24 | €142,521 | €90,851 | -€51,670 | -36.3% |
| Financial fixed assets | 28 | €8,954,032 | €2,596,751 | -€6.4m | -71.0% |
| Affiliated companies | 280/1 | €3,394,411 | €2,587,219 | -€807,192 | -23.8% |
| Participating interests | 280 | €3,394,411 | €2,587,219 | -€807,192 | -23.8% |
| Other financial fixed assets | 284/8 | €5,559,621 | €9,531 | -€5.6m | -99.8% |
| Shares | 284 | €5,550,156 | €0 | -€5.6m | -100% |
| Amounts receivable and cash guarantees | 285/8 | €9,464 | €9,531 | +€67 | +0.7% |
| Current assets | 29/58 | €30,893,403 | €39,901,067 | +€9.0m | +29.2% |
| Amounts receivable after more than one year | 29 | €4,531,210 | €1,250,000 | -€3.3m | -72.4% |
| Other amounts receivable | 291 | €4,531,210 | €1,250,000 | -€3.3m | -72.4% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €2,420,916 | €262,925 | -€2.2m | -89.1% |
| Trade receivables | 40 | €8,872 | €2,377 | -€6,494 | -73.2% |
| Other amounts receivable | 41 | €2,412,045 | €260,548 | -€2.2m | -89.2% |
| Current investments | 50/53 | €22,315,592 | €37,364,504 | +€15.0m | +67.4% |
| Other investments | 51/53 | €22,315,592 | €37,364,504 | +€15.0m | +67.4% |
| Cash at bank and in hand | 54/58 | €1,119,468 | €705,465 | -€414,003 | -37.0% |
| Deferred charges and accrued income | 490/1 | €506,217 | €318,173 | -€188,044 | -37.1% |
| Total equity and liabilities | 10/49 | €44,042,857 | €44,260,935 | +€218,077 | +0.5% |
| Equity | 10/15 | €43,972,152 | €44,202,805 | +€230,654 | +0.5% |
| Contributions | 10/11 | €9,353,000 | €8,817,000 | -€536,000 | -5.7% |
| Revaluation surpluses | 12 | €257,679 | €73,095 | -€184,584 | -71.6% |
| Reserves | 13 | €34,361,472 | €35,312,710 | +€951,237 | +2.8% |
| Tax-exempt reserves | 132 | €31,151 | €0 | -€31,151 | -100% |
| Distributable reserves | 133 | €34,330,321 | €35,312,710 | +€982,389 | +2.9% |
| Provisions and deferred taxes | 16 | €10,384 | €0 | -€10,384 | -100% |
| Deferred taxes | 168 | €10,384 | €0 | -€10,384 | -100% |
| Amounts payable | 17/49 | €60,322 | €58,130 | -€2,192 | -3.6% |
| Amounts payable within one year | 42/48 | €30,579 | €31,429 | +€850 | +2.8% |
| Financial debts | 43 | €82 | €1,085 | +€1,004 | +1,228% |
| Credit institutions | 430/8 | €82 | €1,085 | +€1,004 | +1,228% |
| Trade debts | 44 | €11,908 | €17,219 | +€5,311 | +44.6% |
| Suppliers | 440/4 | €11,908 | €17,219 | +€5,311 | +44.6% |
| Taxes, remuneration and social security | 45 | €18,589 | €13,124 | -€5,465 | -29.4% |
| Taxes | 450/3 | €18,589 | €13,124 | -€5,465 | -29.4% |
| Accrued charges and deferred income | 492/3 | €29,743 | €26,701 | -€3,042 | -10.2% |
| Operating income | 70/76A | €716,279 | €2,554,239 | +€1.8m | +257% |
| Turnover | 70 | €658,931 | €280,383 | -€378,549 | -57.4% |
| Other operating income | 74 | €9,848 | €13,076 | +€3,228 | +32.8% |
| Non-recurring operating income | 76A | €47,500 | €2,260,780 | +€2.2m | +4,660% |
| Operating charges | 60/66A | €391,800 | €594,789 | +€202,990 | +51.8% |
| Services and other goods | 61 | €187,945 | €265,739 | +€77,794 | +41.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €161,282 | €89,097 | -€72,185 | -44.8% |
| Other operating charges | 640/8 | €42,572 | €76,563 | +€33,990 | +79.8% |
| Non-recurring operating charges | 66A | - | €163,391 | +€163,391 | |
| Operating profit (loss) | 9901 | €324,480 | €1,959,449 | +€1.6m | +504% |
| Financial income | 75/76B | €20,403,435 | €3,016,598 | -€17.4m | -85.2% |
| Recurring financial income | 75 | €20,403,435 | €3,016,598 | -€17.4m | -85.2% |
| Income from financial fixed assets | 750 | €19,525,411 | €1,478,351 | -€18.0m | -92.4% |
| Income from current assets | 751 | €853,408 | €1,357,776 | +€504,368 | +59.1% |
| Other financial income | 752/9 | €24,616 | €180,471 | +€155,856 | +633% |
| Financial charges | 65/66B | €717,474 | €1,356,904 | +€639,430 | +89.1% |
| Recurring financial charges | 65 | €717,474 | €1,356,904 | +€639,430 | +89.1% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €645,140 | €993,920 | +€348,781 | +54.1% |
| Other financial charges | 652/9 | €72,335 | €362,984 | +€290,649 | +402% |
| Profit (loss) for the period before taxes | 9903 | €20,010,440 | €3,619,142 | -€16.4m | -81.9% |
| Transfer from deferred taxes | 780 | €6,544 | €10,384 | +€3,840 | +58.7% |
| Income taxes | 67/77 | €144,598 | €710,893 | +€566,295 | +392% |
| Taxes | 670/3 | €144,598 | €710,893 | +€566,295 | +392% |
| Profit (loss) for the period | 9904 | €19,872,386 | €2,918,633 | -€17.0m | -85.3% |
| Transfer from tax-exempt reserves | 789 | €19,633 | €31,151 | +€11,518 | +58.7% |
| Profit (loss) for the period to be appropriated | 9905 | €19,892,019 | €2,949,784 | -€16.9m | -85.2% |
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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 3 November 2026 via checked.be.