DE VLIES: 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 VLIES
Largest movements
- Current investments +€1.6m
new in 2025: €1.6m
- Receivables within one year +€1.0m
up €1.0m (+195%), from €531,068 to €1.6m
of which Other amounts receivable: +€1.0m
- Financial fixed assets -€207,902
down €207,902 (-50.2%), from €414,266 to €206,364
- Cash +€141,810
up €141,810 (+257%), from €55,146 to €196,956
mainly Net result for the year (+€2.3m) and Other debts (+€349,489)
- Profit (loss) carried forward +€1.3m
up €1.3m (+80.1%), from €1.7m to €3.0m
- Reserves +€653,572
up €653,572 (+91.5%), from €714,199 to €1.4m
of which Distributable reserves: +€650,000
- Other debts +€349,489
up €349,489 (+198%), from €176,894 to €526,382
- Trade debts +€113,094
up €113,094 (+3,274%), from €3,454 to €116,547
- Tax, wage and social debts +€70,634
up €70,634 (+5,239%), from €1,348 to €71,983
- Financial income +€2.5m
up €2.5m, from €0 to €2.5m
of which Financial income: +€2.5m
- Gross operating margin -€102,792
down €102,792 (-69.0%), from €148,888 to €46,096
- Taxes +€82,724
up €82,724 (+457%), from €18,115 to €100,839
- Depreciation +€20,617
up €20,617 (+41.4%), from €49,766 to €70,383
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 | €3,058,456 | €5,622,628 | +€2.6m | +83.8% |
| Fixed assets | 21/28 | €2,472,242 | €2,261,006 | -€211,236 | -8.5% |
| Tangible fixed assets | 22/27 | €2,057,975 | €2,054,642 | -€3,334 | -0.2% |
| Land and buildings | 22 | €1,790,267 | €1,799,854 | +€9,587 | +0.5% |
| Plant, machinery and equipment | 23 | €133,181 | €148,761 | +€15,580 | +11.7% |
| Furniture and vehicles | 24 | €134,527 | €106,027 | -€28,500 | -21.2% |
| Financial fixed assets | 28 | €414,266 | €206,364 | -€207,902 | -50.2% |
| Current assets | 29/58 | €586,214 | €3,361,622 | +€2.8m | +473% |
| Amounts receivable within one year | 40/41 | €531,068 | €1,564,666 | +€1.0m | +195% |
| Trade receivables | 40 | €140 | €7,260 | +€7,120 | +5,086% |
| Other amounts receivable | 41 | €530,928 | €1,557,406 | +€1.0m | +193% |
| Current investments | 50/53 | - | €1,600,000 | +€1.6m | |
| Cash at bank and in hand | 54/58 | €55,146 | €196,956 | +€141,810 | +257% |
| Total equity and liabilities | 10/49 | €3,058,456 | €5,622,628 | +€2.6m | +83.8% |
| Equity | 10/15 | €2,874,980 | €4,905,932 | +€2.0m | +70.6% |
| Contributions | 10/11 | €485,989 | €521,712 | +€35,723 | +7.4% |
| Capital | 10 | €485,989 | €521,712 | +€35,723 | +7.4% |
| Issued capital | 100 | €485,989 | €521,712 | +€35,723 | +7.4% |
| Reserves | 13 | €714,199 | €1,367,771 | +€653,572 | +91.5% |
| Non-distributable reserves | 130/1 | €48,599 | €52,171 | +€3,572 | +7.4% |
| Legal reserve | 130 | €48,599 | €52,171 | +€3,572 | +7.4% |
| Distributable reserves | 133 | €665,600 | €1,315,600 | +€650,000 | +97.7% |
| Profit (loss) carried forward | 14 | €1,674,792 | €3,016,449 | +€1.3m | +80.1% |
| Amounts payable | 17/49 | €183,475 | €716,696 | +€533,220 | +291% |
| Amounts payable within one year | 42/48 | €181,696 | €714,912 | +€533,217 | +293% |
| Trade debts | 44 | €3,454 | €116,547 | +€113,094 | +3,274% |
| Suppliers | 440/4 | €3,454 | €116,547 | +€113,094 | +3,274% |
| Taxes, remuneration and social security | 45 | €1,348 | €71,983 | +€70,634 | +5,239% |
| Taxes | 450/3 | €1,348 | €71,983 | +€70,634 | +5,239% |
| Other amounts payable | 47/48 | €176,894 | €526,382 | +€349,489 | +198% |
| Accrued charges and deferred income | 492/3 | €1,780 | €1,783 | +€4 | +0.2% |
| Remuneration, social security and pensions | 62 | €16 | €0 | -€16 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,766 | €70,383 | +€20,617 | +41.4% |
| Other operating charges | 640/8 | €15,905 | €14,444 | -€1,462 | -9.2% |
| Gross operating margin | 9900 | €148,888 | €46,096 | -€102,792 | -69.0% |
| Operating profit (loss) | 9901 | €83,200 | -€38,731 | -€121,932 | |
| Financial income | 75/76B | €0 | €2,492,097 | +€2.5m | |
| Recurring financial income | 75 | €0 | €2,492,097 | +€2.5m | |
| Non-recurring financial income | 76B | - | €2,492,097 | +€2.5m | |
| Financial charges | 65/66B | €7,281 | €7,297 | +€16 | +0.2% |
| Recurring financial charges | 65 | €7,281 | €7,297 | +€16 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | €75,919 | €2,446,068 | +€2.4m | +3,122% |
| Income taxes | 67/77 | €18,115 | €100,839 | +€82,724 | +457% |
| Profit (loss) for the period | 9904 | €57,804 | €2,345,229 | +€2.3m | +3,957% |
| Profit (loss) for the period to be appropriated | 9905 | €57,804 | €2,345,229 | +€2.3m | +3,957% |
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 16 October 2026 via checked.be.