De Vitshaag: what changed
What changed
De Vitshaag
NACE 43.230, Insulation installation
filed annual accounts (NBB)
Net result for the year
-€4,759
2024 · -€10,610+€5,852
Equity
€52,309
2024 · €57,068-€4,759
Cash
€6,519
2024 · €5,165+€1,353
Balance sheet total
€56,465
2024 · €60,520-€4,055
Largest movements
Assets
- Receivables within one year -€4,513
down €4,513 (-53.0%), from €8,518 to €4,005
of which Trade receivables: -€6,154
- Cash +€1,353
up €1,353 (+26.2%), from €5,165 to €6,519
mainly Depreciation (+€9,125) and Receivables within one year (+€4,513)
Equity and liabilities
- Profit (loss) carried forward -€4,759
down €4,759 (-13.0%), from €36,617 to €31,858
- Tax, wage and social debts +€708
up €708 (+43.6%), from €1,623 to €2,331
Income statement
- Gross operating margin +€5,816
up €5,816 (+490%), from €1,188 to €7,003
- Financial charges +€160
up €160 (+13.5%), from €1,181 to €1,340
- Other operating charges -€112
down €112 (-7.7%), from €1,454 to €1,343
- Taxes -€93
no longer reported in 2025 (was €93)
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€10,610
Gross operating margin
+€5,816
Depreciation
-€39
Other operating charges
+€112
Financial income
+€30
Financial charges
-€160
Taxes
+€93
Result 2025
-€4,759
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€9,916
Investment
-€8,563
Financing
€0
Cash 2024
€5,165
From operations (derived)
+€9,916
Net result for the year
-€4,759
Depreciation
+€9,125
Stocks and contracts
+€335
Receivables within one year
+€4,513
Deferred charges and accrued income
-€2
Trade debts
+€518
Tax, wage and social debts
+€708
Other debts
-€522
Investment (derived)
-€8,563
Investment in fixed assets (net)
-€8,563
Cash 2025
€6,519
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €60,520 | €56,465 | -€4,055 | -6.7% |
| Fixed assets | 21/28 | €43,488 | €42,926 | -€562 | -1.3% |
| Tangible fixed assets | 22/27 | €43,488 | €42,926 | -€562 | -1.3% |
| Plant, machinery and equipment | 23 | €73 | - | -€73 | |
| Other tangible fixed assets | 26 | €43,416 | €42,926 | -€490 | -1.1% |
| Current assets | 29/58 | €17,032 | €13,540 | -€3,493 | -20.5% |
| Stocks and contracts in progress | 3 | €2,184 | €1,848 | -€335 | -15.4% |
| Stocks | 30/36 | €2,184 | €1,848 | -€335 | -15.4% |
| Amounts receivable within one year | 40/41 | €8,518 | €4,005 | -€4,513 | -53.0% |
| Trade receivables | 40 | €8,518 | €2,365 | -€6,154 | -72.2% |
| Other amounts receivable | 41 | - | €1,641 | +€1,641 | |
| Cash at bank and in hand | 54/58 | €5,165 | €6,519 | +€1,353 | +26.2% |
| Deferred charges and accrued income | 490/1 | €1,165 | €1,167 | +€2 | +0.2% |
| Total equity and liabilities | 10/49 | €60,520 | €56,465 | -€4,055 | -6.7% |
| Equity | 10/15 | €57,068 | €52,309 | -€4,759 | -8.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,617 | €31,858 | -€4,759 | -13.0% |
| Amounts payable | 17/49 | €3,452 | €4,156 | +€704 | +20.4% |
| Amounts payable within one year | 42/48 | €3,452 | €4,156 | +€704 | +20.4% |
| Trade debts | 44 | €1,307 | €1,825 | +€518 | +39.6% |
| Suppliers | 440/4 | €1,307 | €1,825 | +€518 | +39.6% |
| Taxes, remuneration and social security | 45 | €1,623 | €2,331 | +€708 | +43.6% |
| Taxes | 450/3 | €1,623 | €2,331 | +€708 | +43.6% |
| Other amounts payable | 47/48 | €522 | - | -€522 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,086 | €9,125 | +€39 | +0.4% |
| Other operating charges | 640/8 | €1,454 | €1,343 | -€112 | -7.7% |
| Gross operating margin | 9900 | €1,188 | €7,003 | +€5,816 | +490% |
| Operating profit (loss) | 9901 | -€9,353 | -€3,464 | +€5,889 | +63.0% |
| Financial income | 75/76B | €15 | €46 | +€30 | +197% |
| Recurring financial income | 75 | €15 | €46 | +€30 | +197% |
| Financial charges | 65/66B | €1,181 | €1,340 | +€160 | +13.5% |
| Recurring financial charges | 65 | €1,181 | €1,340 | +€160 | +13.5% |
| Profit (loss) for the period before taxes | 9903 | -€10,518 | -€4,759 | +€5,759 | +54.8% |
| Income taxes | 67/77 | €93 | - | -€93 | |
| Profit (loss) for the period | 9904 | -€10,610 | -€4,759 | +€5,852 | +55.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,610 | -€4,759 | +€5,852 | +55.2% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.