DE VOS: 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 VOS
Largest movements
- Current investments +€56,500
up €56,500 (+113.0%), from €50,000 to €106,500
- Receivables after one year -€42,408
down €42,408 (-33.9%), from €125,249 to €82,841
- Tangible fixed assets -€17,900
down €17,900 (-6.2%), from €289,253 to €271,353
of which Furniture and vehicles: -€16,034
- Cash -€12,896
down €12,896 (-35.7%), from €36,138 to €23,242
mainly Contributions, distributions and other (-€87,709) and Current investments (-€56,500)
- Deferred charges and accrued income +€10,534
up €10,534 (+84.3%), from €12,500 to €23,034
- Debts after one year -€16,900
down €16,900 (-28.0%), from €60,312 to €43,412
- Gross operating margin +€20,004
up €20,004 (+14.9%), from €134,489 to €154,494
- Taxes +€6,466
up €6,466 (+21.0%), from €30,825 to €37,291
- Other operating charges +€2,235
up €2,235 (+122.0%), from €1,832 to €4,067
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 | €539,737 | €531,528 | -€8,209 | -1.5% |
| Fixed assets | 21/28 | €289,503 | €271,603 | -€17,900 | -6.2% |
| Tangible fixed assets | 22/27 | €289,253 | €271,353 | -€17,900 | -6.2% |
| Land and buildings | 22 | €256,114 | €254,636 | -€1,478 | -0.6% |
| Plant, machinery and equipment | 23 | €935 | €548 | -€387 | -41.4% |
| Furniture and vehicles | 24 | €32,203 | €16,169 | -€16,034 | -49.8% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €250,235 | €259,925 | +€9,690 | +3.9% |
| Amounts receivable after more than one year | 29 | €125,249 | €82,841 | -€42,408 | -33.9% |
| Other amounts receivable | 291 | €125,249 | €82,841 | -€42,408 | -33.9% |
| Amounts receivable within one year | 40/41 | €26,348 | €24,308 | -€2,040 | -7.7% |
| Trade receivables | 40 | €26,104 | €22,830 | -€3,275 | -12.5% |
| Other amounts receivable | 41 | €244 | €1,479 | +€1,235 | +507.0% |
| Current investments | 50/53 | €50,000 | €106,500 | +€56,500 | +113.0% |
| Cash at bank and in hand | 54/58 | €36,138 | €23,242 | -€12,896 | -35.7% |
| Deferred charges and accrued income | 490/1 | €12,500 | €23,034 | +€10,534 | +84.3% |
| Total equity and liabilities | 10/49 | €539,737 | €531,528 | -€8,209 | -1.5% |
| Equity | 10/15 | €462,821 | €463,823 | +€1,002 | +0.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €456,621 | €457,623 | +€1,002 | +0.2% |
| Distributable reserves | 133 | €456,621 | €457,623 | +€1,002 | +0.2% |
| Amounts payable | 17/49 | €76,916 | €67,704 | -€9,211 | -12.0% |
| Amounts payable after more than one year | 17 | €60,312 | €43,412 | -€16,900 | -28.0% |
| Financial debts | 170/4 | €60,312 | €43,412 | -€16,900 | -28.0% |
| Amounts payable within one year | 42/48 | €16,603 | €24,292 | +€7,689 | +46.3% |
| Current portion of amounts payable after more than one year | 42 | €15,996 | €16,646 | +€650 | +4.1% |
| Trade debts | 44 | €291 | €689 | +€398 | +136.6% |
| Suppliers | 440/4 | €291 | €689 | +€398 | +136.6% |
| Taxes, remuneration and social security | 45 | €85 | €4,000 | +€3,915 | +4597.0% |
| Taxes | 450/3 | €85 | - | -€85 | |
| Remuneration and social security | 454/9 | - | €4,000 | +€4,000 | |
| Other amounts payable | 47/48 | €231 | €2,957 | +€2,726 | +1181.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,478 | €23,788 | +€309 | +1.3% |
| Other operating charges | 640/8 | €1,832 | €4,067 | +€2,235 | +122.0% |
| Gross operating margin | 9900 | €134,489 | €154,494 | +€20,004 | +14.9% |
| Operating profit (loss) | 9901 | €109,179 | €126,639 | +€17,460 | +16.0% |
| Financial income | 75/76B | €3,197 | €2,127 | -€1,070 | -33.5% |
| Recurring financial income | 75 | €3,197 | €2,127 | -€1,070 | -33.5% |
| Financial charges | 65/66B | €3,652 | €2,764 | -€888 | -24.3% |
| Recurring financial charges | 65 | €3,652 | €2,764 | -€888 | -24.3% |
| Profit (loss) for the period before taxes | 9903 | €108,724 | €126,002 | +€17,278 | +15.9% |
| Income taxes | 67/77 | €30,825 | €37,291 | +€6,466 | +21.0% |
| Profit (loss) for the period | 9904 | €77,899 | €88,711 | +€10,812 | +13.9% |
| Profit (loss) for the period to be appropriated | 9905 | €77,899 | €88,711 | +€10,812 | +13.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.