DE PLUS G & V: what changed
Two fiscal 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 PLUS G & V
Largest movements
- Tangible fixed assets -€78,988
down €78,988 (-15.2%), from €518,246 to €439,258
of which Land and buildings: -€66,305
- Cash -€68,439
down €68,439 (-23.4%), from €292,993 to €224,554
mainly Contributions, distributions and other (-€175,400) and Other debts (-€24,039)
- Current investments -€50,000
down €50,000 (-15.7%), from €317,546 to €267,546
- Reserves -€133,924
down €133,924 (-13.6%), from €988,284 to €854,360
of which Distributable reserves: -€133,924
- Other debts -€24,039
down €24,039 (-69.5%), from €34,578 to €10,539
- Debts after one year -€23,688
down €23,688 (-12.9%), from €183,445 to €159,757
- Gross operating margin -€138,004
down €138,004 (-24.8%), from €556,295 to €418,291
- Taxes -€37,081
down €37,081 (-63.3%), from €58,552 to €21,471
- Depreciation -€29,015
down €29,015 (-24.1%), from €120,351 to €91,336
- Staff costs +€6,591
up €6,591 (+2.9%), from €228,199 to €234,790
- Financial income -€5,789
down €5,789 (-47.1%), from €12,290 to €6,500
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.
Cash bridge derived
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 | €1,569,513 | €1,384,057 | -€185,456 | -11.8% |
| Fixed assets | 21/28 | €518,775 | €439,786 | -€78,988 | -15.2% |
| Tangible fixed assets | 22/27 | €518,246 | €439,258 | -€78,988 | -15.2% |
| Land and buildings | 22 | €444,948 | €378,643 | -€66,305 | -14.9% |
| Plant, machinery and equipment | 23 | €36,281 | €35,724 | -€557 | -1.5% |
| Furniture and vehicles | 24 | €37,017 | €24,891 | -€12,126 | -32.8% |
| Financial fixed assets | 28 | €528 | €528 | = | 0.0% |
| Current assets | 29/58 | €1,050,739 | €944,271 | -€106,467 | -10.1% |
| Stocks and contracts in progress | 3 | €410,087 | €415,105 | +€5,019 | +1.2% |
| Stocks | 30/36 | €410,087 | €415,105 | +€5,019 | +1.2% |
| Amounts receivable within one year | 40/41 | €21,628 | €31,157 | +€9,528 | +44.1% |
| Trade receivables | 40 | €13,662 | €2,598 | -€11,064 | -81.0% |
| Other amounts receivable | 41 | €7,966 | €28,558 | +€20,592 | +258.5% |
| Current investments | 50/53 | €317,546 | €267,546 | -€50,000 | -15.7% |
| Cash at bank and in hand | 54/58 | €292,993 | €224,554 | -€68,439 | -23.4% |
| Deferred charges and accrued income | 490/1 | €8,486 | €5,910 | -€2,576 | -30.4% |
| Total equity and liabilities | 10/49 | €1,569,513 | €1,384,057 | -€185,456 | -11.8% |
| Equity | 10/15 | €994,484 | €860,560 | -€133,924 | -13.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €988,284 | €854,360 | -€133,924 | -13.6% |
| Tax-exempt reserves | 132 | €40,745 | €40,745 | = | 0.0% |
| Distributable reserves | 133 | €947,539 | €813,615 | -€133,924 | -14.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €575,029 | €523,497 | -€51,531 | -9.0% |
| Amounts payable after more than one year | 17 | €183,445 | €159,757 | -€23,688 | -12.9% |
| Financial debts | 170/4 | €183,445 | €159,757 | -€23,688 | -12.9% |
| Amounts payable within one year | 42/48 | €391,584 | €363,741 | -€27,843 | -7.1% |
| Current portion of amounts payable after more than one year | 42 | €22,920 | €23,688 | +€768 | +3.4% |
| Trade debts | 44 | €253,579 | €258,722 | +€5,143 | +2.0% |
| Suppliers | 440/4 | €253,579 | €258,722 | +€5,143 | +2.0% |
| Advances received on contracts in progress | 46 | €10,445 | €5,444 | -€5,001 | -47.9% |
| Taxes, remuneration and social security | 45 | €70,061 | €65,348 | -€4,714 | -6.7% |
| Taxes | 450/3 | €30,846 | €26,120 | -€4,726 | -15.3% |
| Remuneration and social security | 454/9 | €39,215 | €39,227 | +€12 | 0.0% |
| Other amounts payable | 47/48 | €34,578 | €10,539 | -€24,039 | -69.5% |
| Remuneration, social security and pensions | 62 | €228,199 | €234,790 | +€6,591 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €120,351 | €91,336 | -€29,015 | -24.1% |
| Other operating charges | 640/8 | €17,930 | €20,138 | +€2,208 | +12.3% |
| Gross operating margin | 9900 | €556,295 | €418,291 | -€138,004 | -24.8% |
| Operating profit (loss) | 9901 | €189,815 | €72,027 | -€117,787 | -62.1% |
| Financial income | 75/76B | €12,290 | €6,500 | -€5,789 | -47.1% |
| Recurring financial income | 75 | €12,290 | €6,500 | -€5,789 | -47.1% |
| Financial charges | 65/66B | €16,458 | €15,581 | -€877 | -5.3% |
| Recurring financial charges | 65 | €16,458 | €15,581 | -€877 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €185,646 | €62,947 | -€122,699 | -66.1% |
| Income taxes | 67/77 | €58,552 | €21,471 | -€37,081 | -63.3% |
| Profit (loss) for the period | 9904 | €127,094 | €41,476 | -€85,618 | -67.4% |
| Profit (loss) for the period to be appropriated | 9905 | €127,094 | €41,476 | -€85,618 | -67.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.