DE VIS: 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 VIS
Largest movements
- Receivables within one year +€117,266
up €117,266 (+63.7%), from €183,999 to €301,265
of which Trade receivables: +€80,188
- Cash -€46,093
down €46,093 (-65.3%), from €70,632 to €24,539
mainly Receivables within one year (-€117,266) and Debts after one year (-€67,227)
- Reserves +€168,201
up €168,201 (+11.4%), from €1.5m to €1.6m
- Debts after one year -€67,227
down €67,227 (-79.9%), from €84,187 to €16,960
- Other debts -€41,504
down €41,504 (-21.3%), from €194,615 to €153,110
- Financial income +€40,672
up €40,672, from €0 to €40,672
- Gross operating margin -€40,526
down €40,526 (-16.7%), from €242,144 to €201,618
- Taxes -€9,052
down €9,052 (-13.1%), from €69,193 to €60,142
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 | €1,835,168 | €1,899,601 | +€64,433 | +3.5% |
| Fixed assets | 21/28 | €1,528,987 | €1,522,188 | -€6,799 | -0.4% |
| Tangible fixed assets | 22/27 | €18,423 | €11,624 | -€6,799 | -36.9% |
| Furniture and vehicles | 24 | €18,423 | €11,624 | -€6,799 | -36.9% |
| Financial fixed assets | 28 | €1,510,565 | €1,510,565 | = | 0.0% |
| Current assets | 29/58 | €306,181 | €377,413 | +€71,232 | +23.3% |
| Amounts receivable within one year | 40/41 | €183,999 | €301,265 | +€117,266 | +63.7% |
| Trade receivables | 40 | €120,188 | €200,376 | +€80,188 | +66.7% |
| Other amounts receivable | 41 | €63,811 | €100,889 | +€37,078 | +58.1% |
| Current investments | 50/53 | €50,000 | €50,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €70,632 | €24,539 | -€46,093 | -65.3% |
| Deferred charges and accrued income | 490/1 | €1,549 | €1,608 | +€59 | +3.8% |
| Total equity and liabilities | 10/49 | €1,835,168 | €1,899,601 | +€64,433 | +3.5% |
| Equity | 10/15 | €1,481,631 | €1,649,832 | +€168,201 | +11.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,469,231 | €1,637,432 | +€168,201 | +11.4% |
| Distributable reserves | 133 | €1,469,231 | €1,637,432 | +€168,201 | +11.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €353,537 | €249,769 | -€103,768 | -29.4% |
| Amounts payable after more than one year | 17 | €84,187 | €16,960 | -€67,227 | -79.9% |
| Financial debts | 170/4 | €84,187 | €16,960 | -€67,227 | -79.9% |
| Amounts payable within one year | 42/48 | €266,779 | €232,809 | -€33,970 | -12.7% |
| Current portion of amounts payable after more than one year | 42 | €66,260 | €67,227 | +€968 | +1.5% |
| Trade debts | 44 | €780 | €1,754 | +€974 | +125% |
| Suppliers | 440/4 | €780 | €1,754 | +€974 | +125% |
| Taxes, remuneration and social security | 45 | €5,125 | €10,718 | +€5,593 | +109% |
| Taxes | 450/3 | €5,125 | €10,718 | +€5,593 | +109% |
| Other amounts payable | 47/48 | €194,615 | €153,110 | -€41,504 | -21.3% |
| Accrued charges and deferred income | 492/3 | €2,571 | €0 | -€2,571 | -100% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,027 | €6,799 | -€1,228 | -15.3% |
| Other operating charges | 640/8 | €1,370 | €1,470 | +€100 | +7.3% |
| Gross operating margin | 9900 | €242,144 | €201,618 | -€40,526 | -16.7% |
| Operating profit (loss) | 9901 | €232,747 | €193,349 | -€39,398 | -16.9% |
| Financial income | 75/76B | €0 | €40,672 | +€40,672 | |
| Recurring financial income | 75 | €0 | €40,672 | +€40,672 | |
| Financial charges | 65/66B | €5,477 | €5,679 | +€202 | +3.7% |
| Recurring financial charges | 65 | €5,477 | €5,679 | +€202 | +3.7% |
| Profit (loss) for the period before taxes | 9903 | €227,270 | €228,342 | +€1,072 | +0.5% |
| Income taxes | 67/77 | €69,193 | €60,142 | -€9,052 | -13.1% |
| Profit (loss) for the period | 9904 | €158,077 | €168,201 | +€10,123 | +6.4% |
| Profit (loss) for the period to be appropriated | 9905 | €158,077 | €168,201 | +€10,123 | +6.4% |
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 28 October 2026 via checked.be.