DE VESTEN: 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 VESTEN
Largest movements
- Receivables within one year -€105,098
down €105,098 (-15.2%), from €689,642 to €584,544
of which Trade receivables: -€121,125
- Tangible fixed assets -€97,392
down €97,392 (-4.1%), from €2.4m to €2.3m
of which Land and buildings: -€183,018
- Deferred charges and accrued income +€39,677
up €39,677 (+110%), from €35,972 to €75,648
- Current portion of long-term debt -€63,486
down €63,486 (-27.3%), from €232,633 to €169,147
- Debts after one year -€52,710
down €52,710 (-4.3%), from €1.2m to €1.2m
- Tax, wage and social debts -€33,802
down €33,802 (-53.7%), from €62,898 to €29,096
of which Remuneration and social security: -€21,545
- Staff costs -€28,180
down €28,180 (-6.3%), from €447,213 to €419,033
- Depreciation +€22,026
up €22,026 (+8.0%), from €274,294 to €296,319
- Taxes +€8,684
up €8,684 (+91.7%), from €9,471 to €18,154
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 | €3,221,335 | €3,076,146 | -€145,189 | -4.5% |
| Fixed assets | 21/28 | €2,415,015 | €2,317,273 | -€97,742 | -4.0% |
| Tangible fixed assets | 22/27 | €2,395,454 | €2,298,061 | -€97,392 | -4.1% |
| Land and buildings | 22 | €2,112,593 | €1,929,575 | -€183,018 | -8.7% |
| Plant, machinery and equipment | 23 | €230,169 | €243,679 | +€13,510 | +5.9% |
| Furniture and vehicles | 24 | €44,736 | €117,452 | +€72,715 | +163% |
| Leasing and similar rights | 25 | €7,956 | €7,356 | -€600 | -7.5% |
| Financial fixed assets | 28 | €19,561 | €19,211 | -€350 | -1.8% |
| Current assets | 29/58 | €806,320 | €758,873 | -€47,446 | -5.9% |
| Stocks and contracts in progress | 3 | €16,090 | €39,996 | +€23,906 | +149% |
| Stocks | 30/36 | €16,090 | €39,996 | +€23,906 | +149% |
| Amounts receivable within one year | 40/41 | €689,642 | €584,544 | -€105,098 | -15.2% |
| Trade receivables | 40 | €531,851 | €410,726 | -€121,125 | -22.8% |
| Other amounts receivable | 41 | €157,791 | €173,818 | +€16,027 | +10.2% |
| Current investments | 50/53 | €704 | - | -€704 | |
| Cash at bank and in hand | 54/58 | €63,912 | €58,685 | -€5,227 | -8.2% |
| Deferred charges and accrued income | 490/1 | €35,972 | €75,648 | +€39,677 | +110% |
| Total equity and liabilities | 10/49 | €3,221,335 | €3,076,146 | -€145,189 | -4.5% |
| Equity | 10/15 | €1,638,990 | €1,669,777 | +€30,788 | +1.9% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €982,875 | €1,013,663 | +€30,788 | +3.1% |
| Distributable reserves | 133 | €982,875 | €1,013,663 | +€30,788 | +3.1% |
| Profit (loss) carried forward | 14 | €625,128 | €625,128 | = | 0.0% |
| Amounts payable | 17/49 | €1,582,345 | €1,406,369 | -€175,976 | -11.1% |
| Amounts payable after more than one year | 17 | €1,237,907 | €1,185,197 | -€52,710 | -4.3% |
| Financial debts | 170/4 | €1,237,907 | €1,185,197 | -€52,710 | -4.3% |
| Amounts payable within one year | 42/48 | €323,593 | €217,195 | -€106,398 | -32.9% |
| Current portion of amounts payable after more than one year | 42 | €232,633 | €169,147 | -€63,486 | -27.3% |
| Trade debts | 44 | €28,063 | €18,952 | -€9,110 | -32.5% |
| Suppliers | 440/4 | €28,063 | €18,952 | -€9,110 | -32.5% |
| Taxes, remuneration and social security | 45 | €62,898 | €29,096 | -€33,802 | -53.7% |
| Taxes | 450/3 | €38,251 | €25,994 | -€12,257 | -32.0% |
| Remuneration and social security | 454/9 | €24,647 | €3,102 | -€21,545 | -87.4% |
| Accrued charges and deferred income | 492/3 | €20,845 | €3,976 | -€16,869 | -80.9% |
| Non-recurring operating income | 76A | - | €28,507 | +€28,507 | |
| Remuneration, social security and pensions | 62 | €447,213 | €419,033 | -€28,180 | -6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €274,294 | €296,319 | +€22,026 | +8.0% |
| Other operating charges | 640/8 | €39,801 | €38,464 | -€1,337 | -3.4% |
| Gross operating margin | 9900 | €837,468 | €833,769 | -€3,699 | -0.4% |
| Operating profit (loss) | 9901 | €76,161 | €79,953 | +€3,792 | +5.0% |
| Financial charges | 65/66B | €24,626 | €31,011 | +€6,384 | +25.9% |
| Recurring financial charges | 65 | €24,626 | €31,011 | +€6,384 | +25.9% |
| Profit (loss) for the period before taxes | 9903 | €51,534 | €48,942 | -€2,592 | -5.0% |
| Income taxes | 67/77 | €9,471 | €18,154 | +€8,684 | +91.7% |
| Profit (loss) for the period | 9904 | €42,064 | €30,788 | -€11,276 | -26.8% |
| Profit (loss) for the period to be appropriated | 9905 | €42,064 | €30,788 | -€11,276 | -26.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.