De Vocht: 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 Vocht
Largest movements
- Stocks and contracts -€29,747
down €29,747 (-45.5%), from €65,414 to €35,667
- Cash +€13,726
up €13,726 (+33.9%), from €40,527 to €54,252
mainly Stocks and contracts (+€29,747) and Depreciation (+€15,627)
- Receivables within one year -€13,706
down €13,706 (-100.0%), from €13,706 to €0
of which Other amounts receivable: -€8,797
- Trade debts -€14,856
down €14,856 (-23.6%), from €62,903 to €48,047
- Debts after one year -€14,508
down €14,508 (-25.1%), from €57,727 to €43,219
- Reserves +€11,209
up €11,209 (+21.4%), from €52,355 to €63,564
- Other debts -€7,640
down €7,640 (-48.1%), from €15,900 to €8,260
- Accrued charges and deferred income -€4,239
down €4,239 (-100.0%), from €4,239 to €0
- Staff costs +€7,914
up €7,914 (+24.5%), from €32,287 to €40,201
- Financial charges -€4,381
down €4,381 (-75.5%), from €5,803 to €1,422
- Gross operating margin +€3,729
up €3,729 (+5.4%), from €68,912 to €72,640
- Taxes +€2,969
up €2,969 (+130.2%), from €2,280 to €5,250
- Depreciation +€1,016
up €1,016 (+7.0%), from €14,611 to €15,627
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 | €243,426 | €213,522 | -€29,903 | -12.3% |
| Fixed assets | 21/28 | €123,779 | €123,522 | -€256 | -0.2% |
| Intangible fixed assets | 21 | €13,769 | €11,658 | -€2,111 | -15.3% |
| Tangible fixed assets | 22/27 | €93,425 | €95,279 | +€1,855 | +2.0% |
| Plant, machinery and equipment | 23 | €93,425 | €80,925 | -€12,500 | -13.4% |
| Furniture and vehicles | 24 | - | €14,355 | +€14,355 | |
| Financial fixed assets | 28 | €16,585 | €16,585 | = | 0.0% |
| Current assets | 29/58 | €119,647 | €90,000 | -€29,647 | -24.8% |
| Stocks and contracts in progress | 3 | €65,414 | €35,667 | -€29,747 | -45.5% |
| Stocks | 30/36 | €65,414 | €35,667 | -€29,747 | -45.5% |
| Amounts receivable within one year | 40/41 | €13,706 | €0 | -€13,706 | -100.0% |
| Trade receivables | 40 | €4,910 | €0 | -€4,910 | -100.0% |
| Other amounts receivable | 41 | €8,797 | €0 | -€8,797 | -100.0% |
| Cash at bank and in hand | 54/58 | €40,527 | €54,252 | +€13,726 | +33.9% |
| Deferred charges and accrued income | 490/1 | €0 | €81 | +€81 | |
| Total equity and liabilities | 10/49 | €243,426 | €213,522 | -€29,903 | -12.3% |
| Equity | 10/15 | €57,355 | €68,564 | +€11,209 | +19.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €52,355 | €63,564 | +€11,209 | +21.4% |
| Distributable reserves | 133 | €52,355 | €63,564 | +€11,209 | +21.4% |
| Amounts payable | 17/49 | €186,071 | €144,958 | -€41,112 | -22.1% |
| Amounts payable after more than one year | 17 | €57,727 | €43,219 | -€14,508 | -25.1% |
| Financial debts | 170/4 | €57,727 | €43,219 | -€14,508 | -25.1% |
| Amounts payable within one year | 42/48 | €124,105 | €101,739 | -€22,366 | -18.0% |
| Current portion of amounts payable after more than one year | 42 | €14,134 | €14,508 | +€373 | +2.6% |
| Trade debts | 44 | €62,903 | €48,047 | -€14,856 | -23.6% |
| Suppliers | 440/4 | €62,903 | €48,047 | -€14,856 | -23.6% |
| Taxes, remuneration and social security | 45 | €31,167 | €30,924 | -€243 | -0.8% |
| Taxes | 450/3 | €26,337 | €23,876 | -€2,461 | -9.3% |
| Remuneration and social security | 454/9 | €4,830 | €7,048 | +€2,218 | +45.9% |
| Other amounts payable | 47/48 | €15,900 | €8,260 | -€7,640 | -48.1% |
| Accrued charges and deferred income | 492/3 | €4,239 | €0 | -€4,239 | -100.0% |
| Remuneration, social security and pensions | 62 | €32,287 | €40,201 | +€7,914 | +24.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,611 | €15,627 | +€1,016 | +7.0% |
| Other operating charges | 640/8 | €910 | €787 | -€123 | -13.5% |
| Gross operating margin | 9900 | €68,912 | €72,640 | +€3,729 | +5.4% |
| Operating profit (loss) | 9901 | €21,104 | €16,026 | -€5,078 | -24.1% |
| Financial income | 75/76B | €1,061 | €1,855 | +€795 | +74.9% |
| Recurring financial income | 75 | €1,061 | €1,855 | +€795 | +74.9% |
| Financial charges | 65/66B | €5,803 | €1,422 | -€4,381 | -75.5% |
| Recurring financial charges | 65 | €5,803 | €1,422 | -€4,381 | -75.5% |
| Profit (loss) for the period before taxes | 9903 | €16,361 | €16,459 | +€98 | +0.6% |
| Income taxes | 67/77 | €2,280 | €5,250 | +€2,969 | +130.2% |
| Profit (loss) for the period | 9904 | €14,081 | €11,209 | -€2,872 | -20.4% |
| Profit (loss) for the period to be appropriated | 9905 | €14,081 | €11,209 | -€2,872 | -20.4% |
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 12 October 2026 via checked.be.