De Vormgeverij: 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 Vormgeverij
Largest movements
- Cash +€6,270
up €6,270 (+14.4%), from €43,628 to €49,897
mainly Net result for the year (+€12,022) and Depreciation (+€9,316)
- Tangible fixed assets -€4,804
down €4,804 (-6.0%), from €80,231 to €75,427
of which Land and buildings: -€5,720
- Reserves +€12,022
up €12,022 (+20.1%), from €59,716 to €71,738
of which Distributable reserves: +€12,022
- Debts after one year -€8,700
down €8,700 (-52.2%), from €16,675 to €7,975
- Tax, wage and social debts -€1,836
down €1,836 (-83.6%), from €2,196 to €360
- Gross operating margin +€12,262
up €12,262 (+73.9%), from €16,602 to €28,864
- Taxes +€3,472
up €3,472 (+181%), from €1,914 to €5,386
- Depreciation -€990
down €990 (-9.6%), from €10,306 to €9,316
- Financial charges -€300
down €300 (-24.4%), from €1,232 to €932
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 | €134,940 | €136,129 | +€1,189 | +0.9% |
| Fixed assets | 21/28 | €80,231 | €75,427 | -€4,804 | -6.0% |
| Tangible fixed assets | 22/27 | €80,231 | €75,427 | -€4,804 | -6.0% |
| Land and buildings | 22 | €73,939 | €68,219 | -€5,720 | -7.7% |
| Plant, machinery and equipment | 23 | €1,087 | €4,358 | +€3,270 | +301% |
| Furniture and vehicles | 24 | €5,205 | €2,851 | -€2,354 | -45.2% |
| Current assets | 29/58 | €54,708 | €60,702 | +€5,993 | +11.0% |
| Amounts receivable within one year | 40/41 | €8,427 | €7,536 | -€891 | -10.6% |
| Trade receivables | 40 | €5,770 | €5,522 | -€248 | -4.3% |
| Other amounts receivable | 41 | €2,657 | €2,014 | -€643 | -24.2% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €43,628 | €49,897 | +€6,270 | +14.4% |
| Deferred charges and accrued income | 490/1 | €2,653 | €3,269 | +€615 | +23.2% |
| Total equity and liabilities | 10/49 | €134,940 | €136,129 | +€1,189 | +0.9% |
| Equity | 10/15 | €96,214 | €108,236 | +€12,022 | +12.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €59,716 | €71,738 | +€12,022 | +20.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €57,856 | €69,878 | +€12,022 | +20.8% |
| Profit (loss) carried forward | 14 | €30,298 | €30,298 | = | 0.0% |
| Amounts payable | 17/49 | €38,726 | €27,893 | -€10,833 | -28.0% |
| Amounts payable after more than one year | 17 | €16,675 | €7,975 | -€8,700 | -52.2% |
| Financial debts | 170/4 | €16,675 | €7,975 | -€8,700 | -52.2% |
| Amounts payable within one year | 42/48 | €22,051 | €19,918 | -€2,133 | -9.7% |
| Current portion of amounts payable after more than one year | 42 | €8,700 | €8,700 | = | 0.0% |
| Financial debts | 43 | - | €1,011 | +€1,011 | |
| Credit institutions | 430/8 | - | €1,011 | +€1,011 | |
| Trade debts | 44 | €1,616 | €477 | -€1,138 | -70.5% |
| Suppliers | 440/4 | €1,616 | €477 | -€1,138 | -70.5% |
| Taxes, remuneration and social security | 45 | €2,196 | €360 | -€1,836 | -83.6% |
| Taxes | 450/3 | €2,196 | €360 | -€1,836 | -83.6% |
| Other amounts payable | 47/48 | €9,540 | €9,370 | -€170 | -1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,306 | €9,316 | -€990 | -9.6% |
| Other operating charges | 640/8 | €1,589 | €1,307 | -€281 | -17.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €16,602 | €28,864 | +€12,262 | +73.9% |
| Operating profit (loss) | 9901 | €4,707 | €18,240 | +€13,533 | +288% |
| Financial income | 75/76B | €1 | €100 | +€99 | +13,233% |
| Recurring financial income | 75 | €1 | €100 | +€99 | +13,233% |
| Financial charges | 65/66B | €1,232 | €932 | -€300 | -24.4% |
| Recurring financial charges | 65 | €1,232 | €932 | -€300 | -24.4% |
| Profit (loss) for the period before taxes | 9903 | €3,476 | €17,408 | +€13,932 | +401% |
| Income taxes | 67/77 | €1,914 | €5,386 | +€3,472 | +181% |
| Profit (loss) for the period | 9904 | €1,562 | €12,022 | +€10,460 | +670% |
| Profit (loss) for the period to be appropriated | 9905 | €1,562 | €12,022 | +€10,460 | +670% |
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 29 October 2026 via checked.be.