DE VLEESHOUWER: 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 VLEESHOUWER
Largest movements
- Tangible fixed assets -€28,728
down €28,728 (-53.7%), from €53,528 to €24,800
- Receivables within one year -€2,562
no longer reported in 2025 (was €2,562)
- Cash +€1,237
up €1,237 (+55.3%), from €2,237 to €3,473
mainly Depreciation (+€44,927) and Other debts (+€8,222)
- Reserves -€36,740
down €36,740 (-89.1%), from €41,245 to €4,505
- Other debts +€8,222
up €8,222 (+88.0%), from €9,349 to €17,571
- Profit (loss) carried forward -€1,536
no longer reported in 2025 (was €1,536)
- Depreciation +€42,599
up €42,599 (+1,830%), from €2,327 to €44,927
- Gross operating margin +€4,845
up €4,845 (+151%), from €3,200 to €8,045
- Other operating charges +€1,212
up €1,212 (+2,423%), from €50 to €1,262
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 | €58,327 | €28,273 | -€30,054 | -51.5% |
| Fixed assets | 21/28 | €53,528 | €24,800 | -€28,728 | -53.7% |
| Tangible fixed assets | 22/27 | €53,528 | €24,800 | -€28,728 | -53.7% |
| Land and buildings | 22 | €53,528 | €24,800 | -€28,728 | -53.7% |
| Current assets | 29/58 | €4,799 | €3,473 | -€1,326 | -27.6% |
| Amounts receivable within one year | 40/41 | €2,562 | - | -€2,562 | |
| Other amounts receivable | 41 | €2,562 | - | -€2,562 | |
| Cash at bank and in hand | 54/58 | €2,237 | €3,473 | +€1,237 | +55.3% |
| Total equity and liabilities | 10/49 | €58,327 | €28,273 | -€30,054 | -51.5% |
| Equity | 10/15 | €48,978 | €10,702 | -€38,276 | -78.1% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €41,245 | €4,505 | -€36,740 | -89.1% |
| Distributable reserves | 133 | €41,245 | €4,505 | -€36,740 | -89.1% |
| Profit (loss) carried forward | 14 | €1,536 | - | -€1,536 | |
| Amounts payable | 17/49 | €9,349 | €17,571 | +€8,222 | +88.0% |
| Amounts payable within one year | 42/48 | €9,349 | €17,571 | +€8,222 | +88.0% |
| Other amounts payable | 47/48 | €9,349 | €17,571 | +€8,222 | +88.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,327 | €44,927 | +€42,599 | +1,830% |
| Other operating charges | 640/8 | €50 | €1,262 | +€1,212 | +2,423% |
| Gross operating margin | 9900 | €3,200 | €8,045 | +€4,845 | +151% |
| Operating profit (loss) | 9901 | €823 | -€38,143 | -€38,966 | |
| Financial income | 75/76B | - | €24 | +€24 | |
| Recurring financial income | 75 | - | €24 | +€24 | |
| Financial charges | 65/66B | €162 | €158 | -€5 | -3.0% |
| Recurring financial charges | 65 | €162 | €158 | -€5 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | €660 | -€38,276 | -€38,937 | |
| Profit (loss) for the period | 9904 | €660 | -€38,276 | -€38,937 | |
| Profit (loss) for the period to be appropriated | 9905 | €660 | -€38,276 | -€38,937 |
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 13 October 2026 via checked.be.