De Vis i.e.: 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 i.e.
Largest movements
- Receivables within one year -€14,415
down €14,415 (-57.3%), from €25,149 to €10,734
of which Trade receivables: -€16,519
- Cash +€8,391
up €8,391 (+3.7%), from €227,148 to €235,539
- Tangible fixed assets +€6,265
up €6,265 (+71.3%), from €8,789 to €15,054
of which Other tangible fixed assets: +€5,366
- Reserves +€53,286
up €53,286 (+46.2%), from €115,380 to €168,666
of which Distributable reserves: +€53,286
- Other debts -€49,857
down €49,857 (-43.3%), from €115,151 to €65,294
- Turnover -€279,802
no longer reported in 2025 (was €279,802)
- Purchases and services -€131,414
no longer reported in 2025 (was €131,414)
- Gross operating margin +€21,596
up €21,596 (+14.4%), from €149,616 to €171,212
- Taxes +€10,787
up €10,787 (+33.0%), from €32,679 to €43,466
- Financial income +€4,984
up €4,984 (+46664.0%), from €11 to €4,994
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €261,830 | €263,637 | +€1,808 | +0.7% |
| Fixed assets | 21/28 | €8,789 | €15,054 | +€6,265 | +71.3% |
| Tangible fixed assets | 22/27 | €8,789 | €15,054 | +€6,265 | +71.3% |
| Plant, machinery and equipment | 23 | €1,033 | €375 | -€658 | -63.7% |
| Furniture and vehicles | 24 | €3,510 | €5,067 | +€1,557 | +44.4% |
| Other tangible fixed assets | 26 | €4,246 | €9,612 | +€5,366 | +126.4% |
| Current assets | 29/58 | €253,041 | €248,584 | -€4,457 | -1.8% |
| Amounts receivable within one year | 40/41 | €25,149 | €10,734 | -€14,415 | -57.3% |
| Trade receivables | 40 | €25,149 | €8,630 | -€16,519 | -65.7% |
| Other amounts receivable | 41 | €0 | €2,104 | +€2,104 | |
| Cash at bank and in hand | 54/58 | €227,148 | €235,539 | +€8,391 | +3.7% |
| Deferred charges and accrued income | 490/1 | €744 | €2,311 | +€1,567 | +210.6% |
| Total equity and liabilities | 10/49 | €261,830 | €263,637 | +€1,808 | +0.7% |
| Equity | 10/15 | €133,930 | €187,216 | +€53,286 | +39.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €115,380 | €168,666 | +€53,286 | +46.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €115,380 | €168,666 | +€53,286 | +46.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €127,900 | €76,422 | -€51,478 | -40.2% |
| Amounts payable within one year | 42/48 | €127,500 | €76,422 | -€51,079 | -40.1% |
| Trade debts | 44 | €2,943 | €1,861 | -€1,082 | -36.8% |
| Suppliers | 440/4 | €2,943 | €1,861 | -€1,082 | -36.8% |
| Taxes, remuneration and social security | 45 | €9,405 | €9,266 | -€139 | -1.5% |
| Taxes | 450/3 | €9,405 | €9,266 | -€139 | -1.5% |
| Other amounts payable | 47/48 | €115,151 | €65,294 | -€49,857 | -43.3% |
| Accrued charges and deferred income | 492/3 | €400 | €0 | -€400 | -100.0% |
| Turnover | 70 | €279,802 | - | -€279,802 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €131,414 | - | -€131,414 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,950 | €6,340 | +€4,389 | +225.0% |
| Other operating charges | 640/8 | €1,054 | €2,440 | +€1,386 | +131.5% |
| Gross operating margin | 9900 | €149,616 | €171,212 | +€21,596 | +14.4% |
| Operating profit (loss) | 9901 | €146,611 | €162,432 | +€15,821 | +10.8% |
| Financial income | 75/76B | €11 | €4,994 | +€4,984 | +46664.0% |
| Recurring financial income | 75 | €11 | €4,994 | +€4,984 | +46664.0% |
| Financial charges | 65/66B | €716 | €86 | -€631 | -88.0% |
| Recurring financial charges | 65 | €716 | €86 | -€631 | -88.0% |
| Profit (loss) for the period before taxes | 9903 | €145,906 | €167,341 | +€21,435 | +14.7% |
| Income taxes | 67/77 | €32,679 | €43,466 | +€10,787 | +33.0% |
| Profit (loss) for the period | 9904 | €113,226 | €123,875 | +€10,648 | +9.4% |
| Profit (loss) for the period to be appropriated | 9905 | €113,226 | €123,875 | +€10,648 | +9.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.