DE VEGTES: 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 VEGTES
Largest movements
- Tangible fixed assets +€33,892
up €33,892 (+20.5%), from €165,653 to €199,545
of which Plant, machinery and equipment: +€39,362
- Cash +€7,599
up €7,599 (+410.5%), from €1,851 to €9,450
mainly Other debts (+€31,474) and Depreciation (+€13,368)
- Other debts +€31,474
up €31,474 (+187.4%), from €16,797 to €48,271
- Debts after one year -€13,901
down €13,901 (-16.0%), from €86,712 to €72,811
- Trade debts +€11,310
up €11,310 (+835.5%), from €1,354 to €12,664
- Tax, wage and social debts +€7,757
up €7,757, from €0 to €7,757
of which Remuneration and social security: +€4,810
- Profit (loss) carried forward +€6,232
up €6,232, from -€6,178 to €54
- Gross operating margin +€39,743
up €39,743 (+230.5%), from €17,245 to €56,987
- Staff costs +€29,878
new in 2025: €29,878
- Depreciation +€8,017
up €8,017 (+149.8%), from €5,352 to €13,368
- Financial income +€1,364
new in 2025: €1,364
- Taxes +€590
new in 2025: €590
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 | €168,570 | €212,112 | +€43,542 | +25.8% |
| Fixed assets | 21/28 | €165,653 | €199,545 | +€33,892 | +20.5% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €165,653 | €199,545 | +€33,892 | +20.5% |
| Land and buildings | 22 | €165,653 | €160,183 | -€5,470 | -3.3% |
| Plant, machinery and equipment | 23 | - | €39,362 | +€39,362 | |
| Current assets | 29/58 | €2,917 | €12,567 | +€9,650 | +330.9% |
| Stocks and contracts in progress | 3 | - | €60 | +€60 | |
| Stocks | 30/36 | - | €60 | +€60 | |
| Amounts receivable within one year | 40/41 | €66 | €298 | +€233 | +355.0% |
| Trade receivables | 40 | - | €298 | +€298 | |
| Other amounts receivable | 41 | €66 | - | -€66 | |
| Cash at bank and in hand | 54/58 | €1,851 | €9,450 | +€7,599 | +410.5% |
| Deferred charges and accrued income | 490/1 | €1,000 | €2,759 | +€1,759 | +175.9% |
| Total equity and liabilities | 10/49 | €168,570 | €212,112 | +€43,542 | +25.8% |
| Equity | 10/15 | €43,822 | €53,954 | +€10,132 | +23.1% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | - | €3,900 | +€3,900 | |
| Distributable reserves | 133 | - | €3,900 | +€3,900 | |
| Profit (loss) carried forward | 14 | -€6,178 | €54 | +€6,232 | |
| Amounts payable | 17/49 | €124,748 | €158,158 | +€33,410 | +26.8% |
| Amounts payable after more than one year | 17 | €86,712 | €72,811 | -€13,901 | -16.0% |
| Financial debts | 170/4 | €86,712 | €72,811 | -€13,901 | -16.0% |
| Amounts payable within one year | 42/48 | €35,399 | €85,347 | +€49,949 | +141.1% |
| Current portion of amounts payable after more than one year | 42 | €16,401 | €16,656 | +€255 | +1.6% |
| Trade debts | 44 | €1,354 | €12,664 | +€11,310 | +835.5% |
| Suppliers | 440/4 | €1,354 | €12,664 | +€11,310 | +835.5% |
| Advances received on contracts in progress | 46 | €847 | - | -€847 | |
| Taxes, remuneration and social security | 45 | €0 | €7,757 | +€7,757 | |
| Taxes | 450/3 | €0 | €2,947 | +€2,947 | |
| Remuneration and social security | 454/9 | - | €4,810 | +€4,810 | |
| Other amounts payable | 47/48 | €16,797 | €48,271 | +€31,474 | +187.4% |
| Accrued charges and deferred income | 492/3 | €2,637 | - | -€2,637 | |
| Remuneration, social security and pensions | 62 | - | €29,878 | +€29,878 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,352 | €13,368 | +€8,017 | +149.8% |
| Other operating charges | 640/8 | €1,226 | €1,641 | +€415 | +33.8% |
| Gross operating margin | 9900 | €17,245 | €56,987 | +€39,743 | +230.5% |
| Operating profit (loss) | 9901 | €10,667 | €12,100 | +€1,434 | +13.4% |
| Financial income | 75/76B | - | €1,364 | +€1,364 | |
| Recurring financial income | 75 | - | €1,364 | +€1,364 | |
| Financial charges | 65/66B | €2,340 | €2,742 | +€402 | +17.2% |
| Recurring financial charges | 65 | €2,340 | €2,742 | +€402 | +17.2% |
| Profit (loss) for the period before taxes | 9903 | €8,326 | €10,722 | +€2,395 | +28.8% |
| Income taxes | 67/77 | - | €590 | +€590 | |
| Profit (loss) for the period | 9904 | €8,326 | €10,132 | +€1,805 | +21.7% |
| Profit (loss) for the period to be appropriated | 9905 | €8,326 | €10,132 | +€1,805 | +21.7% |
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.