DE VOORDRIES: 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 VOORDRIES
Largest movements
- Tangible fixed assets +€214,553
up €214,553 (+18.4%), from €1.2m to €1.4m
of which Land and buildings: +€215,036
- Receivables within one year +€23,330
up €23,330 (+516%), from €4,519 to €27,848
of which Other amounts receivable: +€19,004
- Cash +€16,401
up €16,401 (+238%), from €6,894 to €23,295
mainly Net result for the year (+€638,791) and Provisions (+€201,949)
- Reserves +€259,218
up €259,218 (+45.3%), from €572,827 to €832,045
of which Tax-exempt reserves: +€605,846
- Provisions +€201,949
up €201,949 (+268%), from €75,400 to €277,348
- Other debts -€115,137
down €115,137 (-40.9%), from €281,637 to €166,500
- Debts after one year -€61,300
down €61,300 (-80.0%), from €76,625 to €15,325
- Profit (loss) carried forward -€22,427
down €22,427 (-70.3%), from €31,924 to €9,497
- Gross operating margin +€886,819
up €886,819 (+899%), from €98,680 to €985,499
- Depreciation +€51,286
up €51,286 (+81.4%), from €62,971 to €114,258
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 | €1,181,384 | €1,446,006 | +€264,622 | +22.4% |
| Fixed assets | 21/28 | €1,167,357 | €1,381,910 | +€214,553 | +18.4% |
| Tangible fixed assets | 22/27 | €1,167,357 | €1,381,910 | +€214,553 | +18.4% |
| Land and buildings | 22 | €1,166,027 | €1,381,063 | +€215,036 | +18.4% |
| Plant, machinery and equipment | 23 | €1,331 | €847 | -€483 | -36.3% |
| Current assets | 29/58 | €14,027 | €64,096 | +€50,069 | +357% |
| Amounts receivable within one year | 40/41 | €4,519 | €27,848 | +€23,330 | +516% |
| Trade receivables | 40 | - | €4,325 | +€4,325 | |
| Other amounts receivable | 41 | €4,519 | €23,523 | +€19,004 | +421% |
| Cash at bank and in hand | 54/58 | €6,894 | €23,295 | +€16,401 | +238% |
| Deferred charges and accrued income | 490/1 | €2,614 | €12,953 | +€10,339 | +396% |
| Total equity and liabilities | 10/49 | €1,181,384 | €1,446,006 | +€264,622 | +22.4% |
| Equity | 10/15 | €682,342 | €919,133 | +€236,791 | +34.7% |
| Contributions | 10/11 | €18,830 | €18,830 | = | 0.0% |
| Revaluation surpluses | 12 | €58,761 | €58,761 | = | 0.0% |
| Reserves | 13 | €572,827 | €832,045 | +€259,218 | +45.3% |
| Tax-exempt reserves | 132 | €226,199 | €832,045 | +€605,846 | +268% |
| Distributable reserves | 133 | €346,628 | €0 | -€346,628 | -100% |
| Profit (loss) carried forward | 14 | €31,924 | €9,497 | -€22,427 | -70.3% |
| Provisions and deferred taxes | 16 | €75,400 | €277,348 | +€201,949 | +268% |
| Deferred taxes | 168 | €75,400 | €277,348 | +€201,949 | +268% |
| Amounts payable | 17/49 | €423,643 | €249,525 | -€174,118 | -41.1% |
| Amounts payable after more than one year | 17 | €76,625 | €15,325 | -€61,300 | -80.0% |
| Financial debts | 170/4 | €76,625 | €15,325 | -€61,300 | -80.0% |
| Amounts payable within one year | 42/48 | €342,937 | €229,311 | -€113,626 | -33.1% |
| Current portion of amounts payable after more than one year | 42 | €61,300 | €61,300 | = | 0.0% |
| Trade debts | 44 | - | €1,511 | +€1,511 | |
| Suppliers | 440/4 | - | €1,511 | +€1,511 | |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €281,637 | €166,500 | -€115,137 | -40.9% |
| Accrued charges and deferred income | 492/3 | €4,080 | €4,889 | +€809 | +19.8% |
| Non-recurring operating income | 76A | €0 | €833,806 | +€833,806 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,971 | €114,258 | +€51,286 | +81.4% |
| Other operating charges | 640/8 | €10,714 | €14,798 | +€4,084 | +38.1% |
| Gross operating margin | 9900 | €98,680 | €985,499 | +€886,819 | +899% |
| Operating profit (loss) | 9901 | €24,995 | €856,444 | +€831,449 | +3,327% |
| Financial income | 75/76B | - | €42 | +€42 | |
| Recurring financial income | 75 | - | €42 | +€42 | |
| Financial charges | 65/66B | €10,471 | €4,750 | -€5,721 | -54.6% |
| Recurring financial charges | 65 | €10,471 | €4,750 | -€5,721 | -54.6% |
| Profit (loss) for the period before taxes | 9903 | €14,524 | €851,735 | +€837,212 | +5,764% |
| Transfer from deferred taxes | 780 | €6,503 | €6,503 | = | 0.0% |
| Transfer to deferred taxes | 680 | - | €208,451 | +€208,451 | |
| Income taxes | 67/77 | €10,481 | €10,996 | +€514 | +4.9% |
| Profit (loss) for the period | 9904 | €10,545 | €638,791 | +€628,246 | +5,958% |
| Transfer from tax-exempt reserves | 789 | €19,508 | €19,508 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | - | €625,354 | +€625,354 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,054 | €32,946 | +€2,892 | +9.6% |
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 23 October 2026 via checked.be.