DE VISCH: 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 VISCH
Largest movements
- Current investments +€51,235
up €51,235 (+14.8%), from €345,761 to €396,996
- Cash -€34,127
down €34,127 (-16.8%), from €203,390 to €169,263
mainly Current investments (-€51,235) and Receivables within one year (-€680)
- Tax, wage and social debts +€9,991
up €9,991 (+1389.9%), from €719 to €10,710
- Financial income -€49,742
down €49,742 (-90.1%), from €55,215 to €5,473
- Taxes -€12,634
down €12,634 (-87.4%), from €14,456 to €1,822
- Gross operating margin +€6,376
up €6,376, from -€3,659 to €2,718
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 | €554,039 | €571,033 | +€16,994 | +3.1% |
| Fixed assets | 21/28 | €1,019 | €510 | -€510 | -50.0% |
| Tangible fixed assets | 22/27 | €1,019 | €510 | -€510 | -50.0% |
| Furniture and vehicles | 24 | €1,019 | €510 | -€510 | -50.0% |
| Current assets | 29/58 | €553,020 | €570,524 | +€17,504 | +3.2% |
| Amounts receivable within one year | 40/41 | €2,184 | €2,864 | +€680 | +31.1% |
| Trade receivables | 40 | €1,823 | €1,794 | -€28 | -1.6% |
| Other amounts receivable | 41 | €361 | €1,070 | +€709 | +196.1% |
| Current investments | 50/53 | €345,761 | €396,996 | +€51,235 | +14.8% |
| Cash at bank and in hand | 54/58 | €203,390 | €169,263 | -€34,127 | -16.8% |
| Deferred charges and accrued income | 490/1 | €1,685 | €1,400 | -€285 | -16.9% |
| Total equity and liabilities | 10/49 | €554,039 | €571,033 | +€16,994 | +3.1% |
| Equity | 10/15 | €545,517 | €550,801 | +€5,284 | +1.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €539,317 | €544,601 | +€5,284 | +1.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €537,458 | €542,742 | +€5,284 | +1.0% |
| Amounts payable | 17/49 | €8,522 | €20,232 | +€11,710 | +137.4% |
| Amounts payable within one year | 42/48 | €8,522 | €20,232 | +€11,710 | +137.4% |
| Trade debts | 44 | €1,027 | €1,124 | +€97 | +9.4% |
| Suppliers | 440/4 | €1,027 | €1,124 | +€97 | +9.4% |
| Taxes, remuneration and social security | 45 | €719 | €10,710 | +€9,991 | +1389.9% |
| Taxes | 450/3 | €719 | €10,710 | +€9,991 | +1389.9% |
| Other amounts payable | 47/48 | €6,777 | €8,399 | +€1,622 | +23.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €510 | €510 | = | 0.0% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | -€3,659 | €2,718 | +€6,376 | |
| Operating profit (loss) | 9901 | -€4,674 | €1,688 | +€6,362 | |
| Financial income | 75/76B | €55,215 | €5,473 | -€49,742 | -90.1% |
| Recurring financial income | 75 | €55,215 | €5,473 | -€49,742 | -90.1% |
| Financial charges | 65/66B | €54 | €55 | +€1 | +2.5% |
| Recurring financial charges | 65 | €54 | €55 | +€1 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | €50,488 | €7,106 | -€43,381 | -85.9% |
| Income taxes | 67/77 | €14,456 | €1,822 | -€12,634 | -87.4% |
| Profit (loss) for the period | 9904 | €36,031 | €5,284 | -€30,747 | -85.3% |
| Profit (loss) for the period to be appropriated | 9905 | €36,031 | €5,284 | -€30,747 | -85.3% |
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 10 October 2026 via checked.be.