DE RARE 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 RARE VOS
Largest movements
- Cash +€17,131
up €17,131 (+252%), from €6,795 to €23,926
mainly Net result for the year (+€31,798) and Other debts (+€25,171)
- Current investments -€14,500
down €14,500 (-100%), from €14,500 to €0
- Tangible fixed assets -€9,588
down €9,588 (-12.7%), from €75,305 to €65,717
of which Other tangible fixed assets: -€10,455
- Stocks and contracts -€1,888
down €1,888 (-6.6%), from €28,500 to €26,612
- Debts after one year -€80,242
down €80,242 (-64.9%), from €123,681 to €43,439
- Profit (loss) carried forward +€31,798
up €31,798 (+26.6%), from -€119,733 to -€87,936
- Other debts +€25,171
up €25,171 (+1,505%), from €1,673 to €26,844
- Tax, wage and social debts +€15,009
up €15,009 (+66.4%), from €22,601 to €37,610
of which Remuneration and social security: +€8,962
- Trade debts -€5,359
down €5,359 (-19.4%), from €27,584 to €22,225
- Staff costs +€37,160
up €37,160 (+16.0%), from €232,054 to €269,215
- Gross operating margin +€32,150
up €32,150 (+10.7%), from €300,406 to €332,556
- Depreciation +€3,984
up €3,984 (+24.8%), from €16,081 to €20,065
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 | €141,098 | €132,314 | -€8,783 | -6.2% |
| Fixed assets | 21/28 | €75,305 | €65,717 | -€9,588 | -12.7% |
| Tangible fixed assets | 22/27 | €75,305 | €65,717 | -€9,588 | -12.7% |
| Plant, machinery and equipment | 23 | €7,940 | €15,281 | +€7,342 | +92.5% |
| Furniture and vehicles | 24 | €28,439 | €21,963 | -€6,475 | -22.8% |
| Other tangible fixed assets | 26 | €38,927 | €28,473 | -€10,455 | -26.9% |
| Current assets | 29/58 | €65,792 | €66,597 | +€805 | +1.2% |
| Stocks and contracts in progress | 3 | €28,500 | €26,612 | -€1,888 | -6.6% |
| Stocks | 30/36 | €28,500 | €26,612 | -€1,888 | -6.6% |
| Amounts receivable within one year | 40/41 | €13,577 | €13,401 | -€176 | -1.3% |
| Trade receivables | 40 | €9,765 | €10,412 | +€647 | +6.6% |
| Other amounts receivable | 41 | €3,812 | €2,989 | -€823 | -21.6% |
| Current investments | 50/53 | €14,500 | €0 | -€14,500 | -100% |
| Cash at bank and in hand | 54/58 | €6,795 | €23,926 | +€17,131 | +252% |
| Deferred charges and accrued income | 490/1 | €2,421 | €2,659 | +€238 | +9.8% |
| Total equity and liabilities | 10/49 | €141,098 | €132,314 | -€8,783 | -6.2% |
| Equity | 10/15 | -€69,733 | -€37,936 | +€31,798 | +45.6% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€119,733 | -€87,936 | +€31,798 | +26.6% |
| Amounts payable | 17/49 | €210,831 | €170,250 | -€40,581 | -19.2% |
| Amounts payable after more than one year | 17 | €123,681 | €43,439 | -€80,242 | -64.9% |
| Financial debts | 170/4 | €123,681 | €43,439 | -€80,242 | -64.9% |
| Amounts payable within one year | 42/48 | €86,444 | €125,925 | +€39,481 | +45.7% |
| Current portion of amounts payable after more than one year | 42 | €31,466 | €32,142 | +€675 | +2.1% |
| Trade debts | 44 | €27,584 | €22,225 | -€5,359 | -19.4% |
| Suppliers | 440/4 | €27,584 | €22,225 | -€5,359 | -19.4% |
| Advances received on contracts in progress | 46 | €3,120 | €7,105 | +€3,985 | +128% |
| Taxes, remuneration and social security | 45 | €22,601 | €37,610 | +€15,009 | +66.4% |
| Taxes | 450/3 | €7,911 | €13,958 | +€6,046 | +76.4% |
| Remuneration and social security | 454/9 | €14,690 | €23,652 | +€8,962 | +61.0% |
| Other amounts payable | 47/48 | €1,673 | €26,844 | +€25,171 | +1,505% |
| Accrued charges and deferred income | 492/3 | €707 | €887 | +€180 | +25.5% |
| Remuneration, social security and pensions | 62 | €232,054 | €269,215 | +€37,160 | +16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,081 | €20,065 | +€3,984 | +24.8% |
| Other operating charges | 640/8 | €4,110 | €1,853 | -€2,257 | -54.9% |
| Gross operating margin | 9900 | €300,406 | €332,556 | +€32,150 | +10.7% |
| Operating profit (loss) | 9901 | €48,161 | €41,424 | -€6,737 | -14.0% |
| Financial income | 75/76B | €8 | €5 | -€3 | -39.1% |
| Recurring financial income | 75 | €8 | €5 | -€3 | -39.1% |
| Financial charges | 65/66B | €11,243 | €9,631 | -€1,612 | -14.3% |
| Recurring financial charges | 65 | €11,243 | €9,631 | -€1,612 | -14.3% |
| Profit (loss) for the period before taxes | 9903 | €36,926 | €31,798 | -€5,128 | -13.9% |
| Profit (loss) for the period | 9904 | €36,926 | €31,798 | -€5,128 | -13.9% |
| Profit (loss) for the period to be appropriated | 9905 | €36,926 | €31,798 | -€5,128 | -13.9% |
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 22 October 2026 via checked.be.