DE VIERKLAVER: 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 VIERKLAVER
Largest movements
- Tangible fixed assets -€35,761
down €35,761 (-15.8%), from €226,311 to €190,550
of which Land and buildings: -€24,211
- Cash +€19,185
up €19,185 (+46.3%), from €41,473 to €60,658
mainly Depreciation (+€37,613) and Other debts (+€34,771)
- Stocks and contracts -€4,120
down €4,120 (-8.9%), from €46,310 to €42,190
- Profit (loss) carried forward -€36,123
down €36,123 (-18.3%), from -€197,756 to -€233,878
- Other debts +€34,771
up €34,771 (+9.2%), from €378,465 to €413,236
- Trade debts -€16,394
down €16,394 (-16.7%), from €97,998 to €81,604
- Debts after one year -€5,176
down €5,176 (-11.0%), from €46,923 to €41,747
- Gross operating margin +€47,697
up €47,697 (+46.2%), from €103,351 to €151,048
- Other operating charges -€3,770
down €3,770 (-50.6%), from €7,448 to €3,678
- Depreciation -€2,782
down €2,782 (-6.9%), from €40,395 to €37,613
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 | €356,195 | €334,051 | -€22,144 | -6.2% |
| Fixed assets | 21/28 | €226,561 | €190,800 | -€35,761 | -15.8% |
| Tangible fixed assets | 22/27 | €226,311 | €190,550 | -€35,761 | -15.8% |
| Land and buildings | 22 | €195,566 | €171,355 | -€24,211 | -12.4% |
| Plant, machinery and equipment | 23 | €10,472 | €9,657 | -€816 | -7.8% |
| Furniture and vehicles | 24 | €20,273 | €9,538 | -€10,735 | -53.0% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €129,635 | €143,251 | +€13,616 | +10.5% |
| Stocks and contracts in progress | 3 | €46,310 | €42,190 | -€4,120 | -8.9% |
| Stocks | 30/36 | €46,310 | €42,190 | -€4,120 | -8.9% |
| Amounts receivable within one year | 40/41 | €30,404 | €27,859 | -€2,545 | -8.4% |
| Trade receivables | 40 | €22,794 | €21,101 | -€1,692 | -7.4% |
| Other amounts receivable | 41 | €7,610 | €6,758 | -€852 | -11.2% |
| Cash at bank and in hand | 54/58 | €41,473 | €60,658 | +€19,185 | +46.3% |
| Deferred charges and accrued income | 490/1 | €11,448 | €12,544 | +€1,096 | +9.6% |
| Total equity and liabilities | 10/49 | €356,195 | €334,051 | -€22,144 | -6.2% |
| Equity | 10/15 | -€189,699 | -€225,821 | -€36,123 | -19.0% |
| Contributions | 10/11 | €8,057 | €8,057 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€197,756 | -€233,878 | -€36,123 | -18.3% |
| Amounts payable | 17/49 | €545,894 | €559,872 | +€13,978 | +2.6% |
| Amounts payable after more than one year | 17 | €46,923 | €41,747 | -€5,176 | -11.0% |
| Financial debts | 170/4 | €46,923 | €41,747 | -€5,176 | -11.0% |
| Amounts payable within one year | 42/48 | €498,971 | €518,125 | +€19,154 | +3.8% |
| Current portion of amounts payable after more than one year | 42 | €5,075 | €5,176 | +€101 | +2.0% |
| Trade debts | 44 | €97,998 | €81,604 | -€16,394 | -16.7% |
| Suppliers | 440/4 | €97,998 | €81,604 | -€16,394 | -16.7% |
| Taxes, remuneration and social security | 45 | €17,433 | €18,109 | +€676 | +3.9% |
| Taxes | 450/3 | €1,064 | €792 | -€273 | -25.6% |
| Remuneration and social security | 454/9 | €16,369 | €17,318 | +€949 | +5.8% |
| Other amounts payable | 47/48 | €378,465 | €413,236 | +€34,771 | +9.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €250 | +€250 | |
| Remuneration, social security and pensions | 62 | €136,542 | €137,371 | +€828 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,395 | €37,613 | -€2,782 | -6.9% |
| Other operating charges | 640/8 | €7,448 | €3,678 | -€3,770 | -50.6% |
| Non-recurring operating charges | 66A | €0 | €4,993 | +€4,993 | |
| Gross operating margin | 9900 | €103,351 | €151,048 | +€47,697 | +46.2% |
| Operating profit (loss) | 9901 | -€81,033 | -€32,605 | +€48,428 | +59.8% |
| Financial income | 75/76B | €41 | €36 | -€5 | -12.5% |
| Recurring financial income | 75 | €41 | €36 | -€5 | -12.5% |
| Financial charges | 65/66B | €3,326 | €3,251 | -€75 | -2.3% |
| Recurring financial charges | 65 | €3,326 | €3,251 | -€75 | -2.3% |
| Profit (loss) for the period before taxes | 9903 | -€84,318 | -€35,820 | +€48,498 | +57.5% |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | €296 | €303 | +€7 | +2.3% |
| Profit (loss) for the period | 9904 | -€84,614 | -€36,123 | +€48,491 | +57.3% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€84,614 | -€36,123 | +€48,491 | +57.3% |
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 25 October 2026 via checked.be.