DE VIJF: 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 VIJF
Largest movements
- Stocks and contracts -€451,500
down €451,500 (-96.6%), from €467,235 to €15,735
- Cash -€257,217
down €257,217 (-87.8%), from €292,885 to €35,668
mainly Other debts (-€727,248) and Trade debts (-€59,749)
- Receivables within one year -€21,949
down €21,949 (-4.7%), from €465,826 to €443,877
of which Trade receivables: -€49,258
- Tangible fixed assets -€13,358
down €13,358 (-26.7%), from €50,045 to €36,688
- Other debts -€727,248
no longer reported in 2025 (was €727,248)
- Reserves +€89,294
up €89,294 (+77.6%), from €115,055 to €204,349
- Trade debts -€59,749
down €59,749 (-17.9%), from €334,582 to €274,833
- Tax, wage and social debts -€33,536
down €33,536 (-44.4%), from €75,583 to €42,047
- Gross operating margin -€312,451
down €312,451 (-70.5%), from €443,148 to €130,697
- Financial charges -€20,861
down €20,861 (-89.3%), from €23,371 to €2,510
- Taxes -€7,648
down €7,648 (-19.2%), from €39,823 to €32,175
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 | €1,284,889 | €542,250 | -€742,639 | -57.8% |
| Fixed assets | 21/28 | €50,045 | €36,688 | -€13,358 | -26.7% |
| Tangible fixed assets | 22/27 | €50,045 | €36,688 | -€13,358 | -26.7% |
| Furniture and vehicles | 24 | €50,045 | €36,688 | -€13,358 | -26.7% |
| Current assets | 29/58 | €1,234,844 | €505,562 | -€729,281 | -59.1% |
| Stocks and contracts in progress | 3 | €467,235 | €15,735 | -€451,500 | -96.6% |
| Stocks | 30/36 | €467,235 | €15,735 | -€451,500 | -96.6% |
| Amounts receivable within one year | 40/41 | €465,826 | €443,877 | -€21,949 | -4.7% |
| Trade receivables | 40 | €84,102 | €34,844 | -€49,258 | -58.6% |
| Other amounts receivable | 41 | €381,724 | €409,033 | +€27,310 | +7.2% |
| Cash at bank and in hand | 54/58 | €292,885 | €35,668 | -€257,217 | -87.8% |
| Deferred charges and accrued income | 490/1 | €8,897 | €10,281 | +€1,384 | +15.6% |
| Total equity and liabilities | 10/49 | €1,284,889 | €542,250 | -€742,639 | -57.8% |
| Equity | 10/15 | €127,125 | €216,419 | +€89,294 | +70.2% |
| Contributions | 10/11 | €12,070 | €12,070 | = | 0.0% |
| Reserves | 13 | €115,055 | €204,349 | +€89,294 | +77.6% |
| Distributable reserves | 133 | €115,055 | €204,349 | +€89,294 | +77.6% |
| Amounts payable | 17/49 | €1,157,764 | €325,831 | -€831,933 | -71.9% |
| Amounts payable after more than one year | 17 | €8,952 | - | -€8,952 | |
| Financial debts | 170/4 | €8,952 | - | -€8,952 | |
| Amounts payable within one year | 42/48 | €1,148,813 | €325,831 | -€822,981 | -71.6% |
| Current portion of amounts payable after more than one year | 42 | €11,399 | €8,952 | -€2,447 | -21.5% |
| Trade debts | 44 | €334,582 | €274,833 | -€59,749 | -17.9% |
| Suppliers | 440/4 | €334,582 | €274,833 | -€59,749 | -17.9% |
| Taxes, remuneration and social security | 45 | €75,583 | €42,047 | -€33,536 | -44.4% |
| Taxes | 450/3 | €75,583 | €42,047 | -€33,536 | -44.4% |
| Other amounts payable | 47/48 | €727,248 | - | -€727,248 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,738 | €13,818 | -€920 | -6.2% |
| Other operating charges | 640/8 | €3,310 | €1,483 | -€1,827 | -55.2% |
| Gross operating margin | 9900 | €443,148 | €130,697 | -€312,451 | -70.5% |
| Operating profit (loss) | 9901 | €425,100 | €115,397 | -€309,704 | -72.9% |
| Financial income | 75/76B | €10,135 | €8,581 | -€1,554 | -15.3% |
| Recurring financial income | 75 | €10,135 | €8,581 | -€1,554 | -15.3% |
| Financial charges | 65/66B | €23,371 | €2,510 | -€20,861 | -89.3% |
| Recurring financial charges | 65 | €23,371 | €2,510 | -€20,861 | -89.3% |
| Profit (loss) for the period before taxes | 9903 | €411,865 | €121,468 | -€290,397 | -70.5% |
| Income taxes | 67/77 | €39,823 | €32,175 | -€7,648 | -19.2% |
| Profit (loss) for the period | 9904 | €372,042 | €89,294 | -€282,749 | -76.0% |
| Profit (loss) for the period to be appropriated | 9905 | €372,042 | €89,294 | -€282,749 | -76.0% |
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 7 October 2026 via checked.be.