DE VIS: 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 VIS
Largest movements
- Cash +€66,127
up €66,127 (+695.7%), from €9,506 to €75,632
mainly Net result for the year (+€94,922) and Depreciation (+€78,104)
- Tangible fixed assets -€54,062
down €54,062 (-37.8%), from €143,179 to €89,116
of which Plant, machinery and equipment: -€72,306
- Receivables within one year +€41,207
up €41,207 (+18.2%), from €226,051 to €267,258
of which Trade receivables: +€41,005
- Deferred charges and accrued income -€31,679
down €31,679 (-90.5%), from €34,993 to €3,314
- Reserves +€94,900
up €94,900 (+1318.1%), from €7,200 to €102,100
- Debts after one year -€82,714
down €82,714 (-17.2%), from €480,471 to €397,757
- Current portion of long-term debt +€47,000
up €47,000 (+56.8%), from €82,714 to €129,714
- Trade debts -€26,809
down €26,809 (-16.1%), from €166,727 to €139,918
- Accrued charges and deferred income -€10,919
down €10,919 (-100.0%), from €10,919 to €0
- Staff costs -€70,352
down €70,352 (-34.5%), from €203,664 to €133,312
- Depreciation -€49,167
down €49,167 (-38.6%), from €127,271 to €78,104
- Gross operating margin -€31,784
down €31,784 (-8.4%), from €379,429 to €347,645
- Taxes +€22,730
up €22,730 (+527.0%), from €4,313 to €27,043
- Financial charges -€20,610
down €20,610 (-60.1%), from €34,315 to €13,705
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 | €791,595 | €809,043 | +€17,448 | +2.2% |
| Fixed assets | 21/28 | €146,179 | €92,116 | -€54,062 | -37.0% |
| Tangible fixed assets | 22/27 | €143,179 | €89,116 | -€54,062 | -37.8% |
| Plant, machinery and equipment | 23 | €143,179 | €70,873 | -€72,306 | -50.5% |
| Furniture and vehicles | 24 | - | €18,243 | +€18,243 | |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €645,416 | €716,926 | +€71,510 | +11.1% |
| Stocks and contracts in progress | 3 | €374,866 | €370,722 | -€4,145 | -1.1% |
| Stocks | 30/36 | €374,866 | €370,722 | -€4,145 | -1.1% |
| Amounts receivable within one year | 40/41 | €226,051 | €267,258 | +€41,207 | +18.2% |
| Trade receivables | 40 | €222,864 | €263,869 | +€41,005 | +18.4% |
| Other amounts receivable | 41 | €3,187 | €3,389 | +€202 | +6.3% |
| Cash at bank and in hand | 54/58 | €9,506 | €75,632 | +€66,127 | +695.7% |
| Deferred charges and accrued income | 490/1 | €34,993 | €3,314 | -€31,679 | -90.5% |
| Total equity and liabilities | 10/49 | €791,595 | €809,043 | +€17,448 | +2.2% |
| Equity | 10/15 | €24,232 | €119,155 | +€94,922 | +391.7% |
| Contributions | 10/11 | €17,000 | €17,000 | = | 0.0% |
| Reserves | 13 | €7,200 | €102,100 | +€94,900 | +1318.1% |
| Distributable reserves | 133 | €7,200 | €102,100 | +€94,900 | +1318.1% |
| Profit (loss) carried forward | 14 | €32 | €55 | +€22 | +69.4% |
| Amounts payable | 17/49 | €767,363 | €689,888 | -€77,475 | -10.1% |
| Amounts payable after more than one year | 17 | €480,471 | €397,757 | -€82,714 | -17.2% |
| Financial debts | 170/4 | €480,471 | €397,757 | -€82,714 | -17.2% |
| Amounts payable within one year | 42/48 | €275,972 | €292,131 | +€16,158 | +5.9% |
| Current portion of amounts payable after more than one year | 42 | €82,714 | €129,714 | +€47,000 | +56.8% |
| Trade debts | 44 | €166,727 | €139,918 | -€26,809 | -16.1% |
| Suppliers | 440/4 | €166,727 | €139,918 | -€26,809 | -16.1% |
| Advances received on contracts in progress | 46 | - | €651 | +€651 | |
| Taxes, remuneration and social security | 45 | €24,891 | €18,853 | -€6,038 | -24.3% |
| Taxes | 450/3 | €8,144 | €7,262 | -€883 | -10.8% |
| Remuneration and social security | 454/9 | €16,747 | €11,591 | -€5,156 | -30.8% |
| Other amounts payable | 47/48 | €1,640 | €2,995 | +€1,355 | +82.6% |
| Accrued charges and deferred income | 492/3 | €10,919 | €0 | -€10,919 | -100.0% |
| Non-recurring operating income | 76A | - | €11,333 | +€11,333 | |
| Remuneration, social security and pensions | 62 | €203,664 | €133,312 | -€70,352 | -34.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €127,271 | €78,104 | -€49,167 | -38.6% |
| Other operating charges | 640/8 | €1,402 | €619 | -€783 | -55.8% |
| Non-recurring operating charges | 66A | €1,246 | €0 | -€1,246 | -100.0% |
| Gross operating margin | 9900 | €379,429 | €347,645 | -€31,784 | -8.4% |
| Operating profit (loss) | 9901 | €45,846 | €135,609 | +€89,763 | +195.8% |
| Financial income | 75/76B | €14 | €61 | +€47 | +331.5% |
| Recurring financial income | 75 | €14 | €61 | +€47 | +331.5% |
| Financial charges | 65/66B | €34,315 | €13,705 | -€20,610 | -60.1% |
| Recurring financial charges | 65 | €34,315 | €13,705 | -€20,610 | -60.1% |
| Profit (loss) for the period before taxes | 9903 | €11,545 | €121,966 | +€110,420 | +956.4% |
| Income taxes | 67/77 | €4,313 | €27,043 | +€22,730 | +527.0% |
| Profit (loss) for the period | 9904 | €7,232 | €94,922 | +€87,690 | +1212.5% |
| Profit (loss) for the period to be appropriated | 9905 | €7,232 | €94,922 | +€87,690 | +1212.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.