De Vidts: 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.
What changed
De Vidts
NACE 46.360, Wholesale trade
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€96,140
2024 · €112,895-€16,755
Equity
€2.5m
2024 · €2.4m+€96,140
Cash
€685,647
2024 · €265,984+€419,663
Balance sheet total
€3.5m
2024 · €3.5m-€39,678
Largest movements
Assets
- Cash +€419,663
up €419,663 (+157.8%), from €265,984 to €685,647
mainly Current investments (+€300,000) and Depreciation (+€134,847)
- Current investments -€300,000
down €300,000 (-100.0%), from €300,000 to €0
- Tangible fixed assets -€142,151
down €142,151 (-7.8%), from €1.8m to €1.7m
of which Land and buildings: -€88,372
Equity and liabilities
- Reserves +€96,140
up €96,140 (+4.5%), from €2.1m to €2.2m
of which Distributable reserves: +€96,140
- Debts after one year -€85,758
down €85,758 (-11.1%), from €771,150 to €685,392
of which Financial debts: -€85,758
- Trade debts -€39,088
down €39,088 (-19.1%), from €204,696 to €165,607
Income statement
- Other operating charges +€26,134
up €26,134 (+99.8%), from €26,182 to €52,316
- Staff costs +€15,999
up €15,999 (+4.9%), from €329,867 to €345,866
- Depreciation -€9,240
down €9,240 (-6.4%), from €144,087 to €134,847
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.
Result 2024
€112,895
Gross operating margin
+€3,208
Staff costs
-€15,999
Depreciation
+€9,240
Other operating charges
-€26,134
Financial income
+€2,054
Financial charges
+€4,674
Taxes
+€6,202
Result 2025
€96,140
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.
From operations
+€214,470
Investment
+€307,304
Financing
-€102,111
Cash 2024
€265,984
From operations (derived)
+€214,470
Net result for the year
+€96,140
Depreciation
+€134,847
Stocks and contracts
+€2,283
Receivables within one year
+€13,474
Deferred charges and accrued income
+€1,432
Trade debts
-€39,088
Tax, wage and social debts
+€4,432
Accrued charges and deferred income
+€950
Investment (derived)
+€307,304
Investment in fixed assets (net)
+€7,304
Current investments
+€300,000
Financing
-€102,111
Debts after one year
-€85,758
Current portion of long-term debt
-€16,353
Cash 2025
€685,647
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,502,842 | €3,463,164 | -€39,678 | -1.1% |
| Fixed assets | 21/28 | €1,832,104 | €1,689,953 | -€142,151 | -7.8% |
| Tangible fixed assets | 22/27 | €1,827,651 | €1,685,501 | -€142,151 | -7.8% |
| Land and buildings | 22 | €1,513,778 | €1,425,406 | -€88,372 | -5.8% |
| Plant, machinery and equipment | 23 | €69,609 | €64,250 | -€5,359 | -7.7% |
| Furniture and vehicles | 24 | €137,165 | €88,745 | -€48,420 | -35.3% |
| Other tangible fixed assets | 26 | €107,100 | €107,100 | = | 0.0% |
| Financial fixed assets | 28 | €4,453 | €4,453 | = | 0.0% |
| Current assets | 29/58 | €1,670,738 | €1,773,211 | +€102,473 | +6.1% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Trade receivables | 290 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €978,867 | €976,584 | -€2,283 | -0.2% |
| Stocks | 30/36 | €978,867 | €976,584 | -€2,283 | -0.2% |
| Amounts receivable within one year | 40/41 | €105,733 | €92,259 | -€13,474 | -12.7% |
| Trade receivables | 40 | €49,962 | €37,250 | -€12,713 | -25.4% |
| Other amounts receivable | 41 | €55,771 | €55,009 | -€762 | -1.4% |
| Current investments | 50/53 | €300,000 | €0 | -€300,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €265,984 | €685,647 | +€419,663 | +157.8% |
| Deferred charges and accrued income | 490/1 | €20,154 | €18,722 | -€1,432 | -7.1% |
| Total equity and liabilities | 10/49 | €3,502,842 | €3,463,164 | -€39,678 | -1.1% |
| Equity | 10/15 | €2,355,037 | €2,451,177 | +€96,140 | +4.1% |
| Contributions | 10/11 | €231,944 | €231,944 | = | 0.0% |
| Capital | 10 | €187,000 | €187,000 | = | 0.0% |
| Issued capital | 100 | €187,000 | €187,000 | = | 0.0% |
| Outside capital | 11 | €44,944 | €44,944 | = | 0.0% |
| Share premium | 1100/10 | €44,944 | €44,944 | = | 0.0% |
| Reserves | 13 | €2,123,092 | €2,219,232 | +€96,140 | +4.5% |
| Non-distributable reserves | 130/1 | €18,700 | €18,700 | = | 0.0% |
| Legal reserve | 130 | €18,700 | €18,700 | = | 0.0% |
| Tax-exempt reserves | 132 | €16,185 | €16,185 | = | 0.0% |
| Distributable reserves | 133 | €2,088,207 | €2,184,348 | +€96,140 | +4.6% |
| Amounts payable | 17/49 | €1,147,805 | €1,011,988 | -€135,818 | -11.8% |
| Amounts payable after more than one year | 17 | €771,150 | €685,392 | -€85,758 | -11.1% |
| Financial debts | 170/4 | €762,150 | €676,392 | -€85,758 | -11.3% |
| Other amounts payable | 178/9 | €9,000 | €9,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €373,012 | €322,003 | -€51,009 | -13.7% |
| Current portion of amounts payable after more than one year | 42 | €109,726 | €93,373 | -€16,353 | -14.9% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €204,696 | €165,607 | -€39,088 | -19.1% |
| Suppliers | 440/4 | €204,696 | €165,607 | -€39,088 | -19.1% |
| Taxes, remuneration and social security | 45 | €58,591 | €63,023 | +€4,432 | +7.6% |
| Taxes | 450/3 | €5,721 | €4,011 | -€1,711 | -29.9% |
| Remuneration and social security | 454/9 | €52,870 | €59,012 | +€6,142 | +11.6% |
| Accrued charges and deferred income | 492/3 | €3,643 | €4,593 | +€950 | +26.1% |
| Non-recurring operating income | 76A | - | €36,284 | +€36,284 | |
| Remuneration, social security and pensions | 62 | €329,867 | €345,866 | +€15,999 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €144,087 | €134,847 | -€9,240 | -6.4% |
| Other operating charges | 640/8 | €26,182 | €52,316 | +€26,134 | +99.8% |
| Gross operating margin | 9900 | €683,100 | €686,308 | +€3,208 | +0.5% |
| Operating profit (loss) | 9901 | €182,965 | €153,280 | -€29,685 | -16.2% |
| Financial income | 75/76B | €9,042 | €11,097 | +€2,054 | +22.7% |
| Recurring financial income | 75 | €9,042 | €11,097 | +€2,054 | +22.7% |
| Financial charges | 65/66B | €23,946 | €19,273 | -€4,674 | -19.5% |
| Recurring financial charges | 65 | €23,946 | €19,273 | -€4,674 | -19.5% |
| Profit (loss) for the period before taxes | 9903 | €168,061 | €145,104 | -€22,957 | -13.7% |
| Income taxes | 67/77 | €55,165 | €48,964 | -€6,202 | -11.2% |
| Profit (loss) for the period | 9904 | €112,895 | €96,140 | -€16,755 | -14.8% |
| Profit (loss) for the period to be appropriated | 9905 | €112,895 | €96,140 | -€16,755 | -14.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.