DE VIJVER: 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 VIJVER
Largest movements
- Cash -€2.5m
down €2.5m (-92.6%), from €2.7m to €199,912
mainly Contributions, distributions and other (-€2.0m) and Current investments (-€1.6m)
- Current investments +€1.6m
new in 2025: €1.6m
- Financial fixed assets -€1.3m
down €1.3m (-56.5%), from €2.3m to €990,485
- Intangible fixed assets +€512,186
up €512,186 (+6829.1%), from €7,500 to €519,686
- Profit (loss) carried forward -€1.6m
down €1.6m (-33.5%), from €4.6m to €3.1m
- Trade debts -€114,647
down €114,647 (-85.0%), from €134,940 to €20,294
- Financial income -€1.7m
down €1.7m (-91.7%), from €1.8m to €150,111
- Gross operating margin +€123,844
up €123,844 (+41.1%), from €300,988 to €424,832
- Taxes +€27,372
up €27,372 (+37.7%), from €72,628 to €100,000
- Other operating charges +€13,473
up €13,473 (+428.9%), from €3,142 to €16,615
- Depreciation +€6,308
up €6,308 (+63.1%), from €10,000 to €16,308
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 | €5,030,264 | €3,358,222 | -€1.7m | -33.2% |
| Fixed assets | 21/28 | €2,286,694 | €1,510,171 | -€776,523 | -34.0% |
| Intangible fixed assets | 21 | €7,500 | €519,686 | +€512,186 | +6829.1% |
| Financial fixed assets | 28 | €2,279,194 | €990,485 | -€1.3m | -56.5% |
| Current assets | 29/58 | €2,743,570 | €1,848,051 | -€895,518 | -32.6% |
| Amounts receivable within one year | 40/41 | €43,895 | €48,139 | +€4,244 | +9.7% |
| Other amounts receivable | 41 | €43,895 | €48,139 | +€4,244 | +9.7% |
| Current investments | 50/53 | - | €1,600,000 | +€1.6m | |
| Cash at bank and in hand | 54/58 | €2,699,675 | €199,912 | -€2.5m | -92.6% |
| Total equity and liabilities | 10/49 | €5,030,264 | €3,358,222 | -€1.7m | -33.2% |
| Equity | 10/15 | €4,895,324 | €3,337,144 | -€1.6m | -31.8% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €189,307 | €189,307 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,163 | €12,163 | = | 0.0% |
| Legal reserve | 130 | €12,163 | €12,163 | = | 0.0% |
| Distributable reserves | 133 | €177,144 | €177,144 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,644,517 | €3,086,337 | -€1.6m | -33.5% |
| Amounts payable | 17/49 | €134,940 | €21,078 | -€113,862 | -84.4% |
| Amounts payable within one year | 42/48 | €134,940 | €21,078 | -€113,862 | -84.4% |
| Trade debts | 44 | €134,940 | €20,294 | -€114,647 | -85.0% |
| Suppliers | 440/4 | €134,940 | €20,294 | -€114,647 | -85.0% |
| Taxes, remuneration and social security | 45 | - | €784 | +€784 | |
| Taxes | 450/3 | - | €784 | +€784 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,000 | €16,308 | +€6,308 | +63.1% |
| Other operating charges | 640/8 | €3,142 | €16,615 | +€13,473 | +428.9% |
| Gross operating margin | 9900 | €300,988 | €424,832 | +€123,844 | +41.1% |
| Operating profit (loss) | 9901 | €287,846 | €391,909 | +€104,062 | +36.2% |
| Financial income | 75/76B | €1,800,174 | €150,111 | -€1.7m | -91.7% |
| Recurring financial income | 75 | €1,800,174 | €150,111 | -€1.7m | -91.7% |
| Financial charges | 65/66B | €691 | €199 | -€491 | -71.1% |
| Recurring financial charges | 65 | €691 | €199 | -€491 | -71.1% |
| Profit (loss) for the period before taxes | 9903 | €2,087,330 | €541,821 | -€1.5m | -74.0% |
| Income taxes | 67/77 | €72,628 | €100,000 | +€27,372 | +37.7% |
| Profit (loss) for the period | 9904 | €2,014,702 | €441,821 | -€1.6m | -78.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,014,702 | €441,821 | -€1.6m | -78.1% |
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 12 October 2026 via checked.be.