De Voeght: 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 Voeght
Largest movements
- Receivables within one year +€59,213
up €59,213 (+5,921%), from €1,000 to €60,213
- Tangible fixed assets +€26,593
up €26,593 (+8.5%), from €313,346 to €339,939
of which Assets under construction and advance payments: +€339,230
- Profit (loss) carried forward +€104,839
up €104,839 (+38.3%), from €273,430 to €378,269
- Other debts -€16,000
down €16,000 (-11.3%), from €141,000 to €125,000
- Debts after one year +€14,395
up €14,395 (+5.4%), from €268,486 to €282,881
- Current portion of long-term debt -€8,706
down €8,706 (-23.1%), from €37,639 to €28,933
- Financial income -€21,186
down €21,186 (-17.4%), from €121,668 to €100,482
- Gross operating margin +€13,779
up €13,779 (+145%), from €9,486 to €23,265
- Other operating charges +€8,997
up €8,997 (+1,780%), from €505 to €9,502
- Depreciation -€4,842
down €4,842 (-93.1%), from €5,201 to €359
- Financial charges +€3,683
up €3,683 (+75.3%), from €4,894 to €8,577
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 | €726,478 | €817,058 | +€90,580 | +12.5% |
| Fixed assets | 21/28 | €713,346 | €739,939 | +€26,593 | +3.7% |
| Tangible fixed assets | 22/27 | €313,346 | €339,939 | +€26,593 | +8.5% |
| Land and buildings | 22 | €312,278 | - | -€312,278 | |
| Plant, machinery and equipment | 23 | €1,068 | €709 | -€359 | -33.6% |
| Assets under construction and advance payments | 27 | - | €339,230 | +€339,230 | |
| Financial fixed assets | 28 | €400,000 | €400,000 | = | 0.0% |
| Current assets | 29/58 | €13,132 | €77,119 | +€63,987 | +487% |
| Amounts receivable within one year | 40/41 | €1,000 | €60,213 | +€59,213 | +5,921% |
| Other amounts receivable | 41 | €1,000 | €60,213 | +€59,213 | +5,921% |
| Cash at bank and in hand | 54/58 | €12,132 | €16,906 | +€4,774 | +39.4% |
| Total equity and liabilities | 10/49 | €726,478 | €817,058 | +€90,580 | +12.5% |
| Equity | 10/15 | €274,430 | €379,269 | +€104,839 | +38.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €273,430 | €378,269 | +€104,839 | +38.3% |
| Amounts payable | 17/49 | €452,048 | €437,789 | -€14,259 | -3.2% |
| Amounts payable after more than one year | 17 | €268,486 | €282,881 | +€14,395 | +5.4% |
| Financial debts | 170/4 | €268,486 | €282,881 | +€14,395 | +5.4% |
| Amounts payable within one year | 42/48 | €183,561 | €154,908 | -€28,653 | -15.6% |
| Current portion of amounts payable after more than one year | 42 | €37,639 | €28,933 | -€8,706 | -23.1% |
| Trade debts | 44 | - | €649 | +€649 | |
| Suppliers | 440/4 | - | €649 | +€649 | |
| Taxes, remuneration and social security | 45 | €4,922 | €326 | -€4,596 | -93.4% |
| Taxes | 450/3 | €4,922 | €326 | -€4,596 | -93.4% |
| Other amounts payable | 47/48 | €141,000 | €125,000 | -€16,000 | -11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,201 | €359 | -€4,842 | -93.1% |
| Other operating charges | 640/8 | €505 | €9,502 | +€8,997 | +1,780% |
| Gross operating margin | 9900 | €9,486 | €23,265 | +€13,779 | +145% |
| Operating profit (loss) | 9901 | €3,780 | €13,404 | +€9,624 | +255% |
| Financial income | 75/76B | €121,668 | €100,482 | -€21,186 | -17.4% |
| Recurring financial income | 75 | €121,668 | €100,482 | -€21,186 | -17.4% |
| Financial charges | 65/66B | €4,894 | €8,577 | +€3,683 | +75.3% |
| Recurring financial charges | 65 | €4,894 | €8,577 | +€3,683 | +75.3% |
| Profit (loss) for the period before taxes | 9903 | €120,554 | €105,309 | -€15,245 | -12.6% |
| Income taxes | 67/77 | €20 | €470 | +€450 | +2,202% |
| Profit (loss) for the period | 9904 | €120,534 | €104,839 | -€15,695 | -13.0% |
| Profit (loss) for the period to be appropriated | 9905 | €120,534 | €104,839 | -€15,695 | -13.0% |
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.