DE VIJVERS: 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 VIJVERS
Largest movements
- Tangible fixed assets -€418,950
down €418,950 (-10.0%), from €4.2m to €3.8m
- Receivables within one year -€261,253
down €261,253 (-97.9%), from €266,876 to €5,622
of which Other amounts receivable: -€204,390
- Cash +€46,284
up €46,284 (+838.3%), from €5,521 to €51,805
mainly Depreciation (+€442,418) and Receivables within one year (+€261,253)
- Profit (loss) carried forward -€615,314
down €615,314 (-28.0%), from -€2.2m to -€2.8m
- Debts after one year -€154,445
down €154,445 (-7.8%), from €2.0m to €1.8m
- Other debts +€115,405
up €115,405 (+5.3%), from €2.2m to €2.3m
- Gross operating margin -€189,049
down €189,049 (-89.8%), from €210,417 to €21,368
- Staff costs +€18,241
up €18,241 (+19.2%), from €94,922 to €113,163
- Depreciation -€3,961
down €3,961 (-0.9%), from €446,380 to €442,418
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 | €4,499,088 | €3,865,168 | -€633,920 | -14.1% |
| Fixed assets | 21/28 | €4,226,691 | €3,807,741 | -€418,950 | -9.9% |
| Tangible fixed assets | 22/27 | €4,201,356 | €3,782,406 | -€418,950 | -10.0% |
| Land and buildings | 22 | €2,432,441 | €2,225,734 | -€206,706 | -8.5% |
| Plant, machinery and equipment | 23 | €1,425,937 | €1,233,959 | -€191,979 | -13.5% |
| Furniture and vehicles | 24 | €92,811 | €72,546 | -€20,265 | -21.8% |
| Other tangible fixed assets | 26 | €250,168 | €250,168 | = | 0.0% |
| Financial fixed assets | 28 | €25,335 | €25,335 | = | 0.0% |
| Current assets | 29/58 | €272,397 | €57,427 | -€214,970 | -78.9% |
| Amounts receivable within one year | 40/41 | €266,876 | €5,622 | -€261,253 | -97.9% |
| Trade receivables | 40 | €60,366 | €3,502 | -€56,864 | -94.2% |
| Other amounts receivable | 41 | €206,510 | €2,120 | -€204,390 | -99.0% |
| Cash at bank and in hand | 54/58 | €5,521 | €51,805 | +€46,284 | +838.3% |
| Total equity and liabilities | 10/49 | €4,499,088 | €3,865,168 | -€633,920 | -14.1% |
| Equity | 10/15 | €166,739 | -€448,575 | -€615,314 | |
| Contributions | 10/11 | €2,302,000 | €2,302,000 | = | 0.0% |
| Capital | 10 | €2,302,000 | €2,302,000 | = | 0.0% |
| Issued capital | 100 | €2,302,000 | €2,302,000 | = | 0.0% |
| Reserves | 13 | €60,200 | €60,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €60,200 | €60,200 | = | 0.0% |
| Legal reserve | 130 | €60,200 | €60,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,195,461 | -€2,810,775 | -€615,314 | -28.0% |
| Amounts payable | 17/49 | €4,332,349 | €4,313,743 | -€18,606 | -0.4% |
| Amounts payable after more than one year | 17 | €1,984,093 | €1,829,649 | -€154,445 | -7.8% |
| Financial debts | 170/4 | €1,984,093 | €1,829,649 | -€154,445 | -7.8% |
| Amounts payable within one year | 42/48 | €2,348,256 | €2,484,095 | +€135,839 | +5.8% |
| Current portion of amounts payable after more than one year | 42 | €151,030 | €154,445 | +€3,415 | +2.3% |
| Trade debts | 44 | €11,480 | €31,003 | +€19,523 | +170.1% |
| Suppliers | 440/4 | €11,480 | €31,003 | +€19,523 | +170.1% |
| Taxes, remuneration and social security | 45 | €16,188 | €13,684 | -€2,504 | -15.5% |
| Taxes | 450/3 | €129 | €310 | +€181 | +140.5% |
| Remuneration and social security | 454/9 | €16,059 | €13,375 | -€2,685 | -16.7% |
| Other amounts payable | 47/48 | €2,169,557 | €2,284,963 | +€115,405 | +5.3% |
| Remuneration, social security and pensions | 62 | €94,922 | €113,163 | +€18,241 | +19.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €446,380 | €442,418 | -€3,961 | -0.9% |
| Other operating charges | 640/8 | €16,112 | €16,617 | +€506 | +3.1% |
| Gross operating margin | 9900 | €210,417 | €21,368 | -€189,049 | -89.8% |
| Operating profit (loss) | 9901 | -€346,997 | -€550,830 | -€203,834 | -58.7% |
| Financial charges | 65/66B | €64,547 | €64,483 | -€63 | -0.1% |
| Recurring financial charges | 65 | €64,547 | €64,483 | -€63 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | -€411,544 | -€615,314 | -€203,770 | -49.5% |
| Profit (loss) for the period | 9904 | -€411,544 | -€615,314 | -€203,770 | -49.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€411,544 | -€615,314 | -€203,770 | -49.5% |
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 4 October 2026 via checked.be.