De Vos: what changed
Two fiscal 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
- Receivables within one year -€5,421
down €5,421 (-6.6%), from €81,835 to €76,414
- Cash +€2,119
up €2,119 (+272.2%), from €779 to €2,898
mainly Current portion of long-term debt (+€5,869) and Receivables within one year (+€5,421)
- Profit (loss) carried forward -€16,866
down €16,866 (-117.1%), from -€14,402 to -€31,268
- Current portion of long-term debt +€5,869
up €5,869 (+100.4%), from €5,848 to €11,717
- Tax, wage and social debts +€4,424
up €4,424 (+86.1%), from €5,136 to €9,560
of which Remuneration and social security: +€4,424
- Trade debts +€1,653
up €1,653 (+15.7%), from €10,555 to €12,208
- Short-term financial debts +€1,117
up €1,117 (+4.6%), from €24,468 to €25,584
- Staff costs +€8,096
up €8,096 (+16.6%), from €48,646 to €56,741
- Gross operating margin -€7,092
down €7,092 (-13.6%), from €52,062 to €44,970
- Financial income -€2,026
down €2,026 (-29.1%), from €6,962 to €4,936
- Other operating charges -€1,351
down €1,351 (-44.4%), from €3,044 to €1,692
- Financial charges +€1,166
up €1,166 (+20.7%), from €5,631 to €6,797
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 | €94,737 | €90,933 | -€3,803 | -4.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €5,390 | €4,888 | -€501 | -9.3% |
| Tangible fixed assets | 22/27 | €2,890 | €2,388 | -€501 | -17.4% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €2,890 | €2,388 | -€501 | -17.4% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €89,347 | €86,045 | -€3,302 | -3.7% |
| Stocks and contracts in progress | 3 | €6,733 | €6,733 | = | 0.0% |
| Stocks | 30/36 | €6,733 | €6,733 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €81,835 | €76,414 | -€5,421 | -6.6% |
| Other amounts receivable | 41 | €81,835 | €76,414 | -€5,421 | -6.6% |
| Cash at bank and in hand | 54/58 | €779 | €2,898 | +€2,119 | +272.2% |
| Total equity and liabilities | 10/49 | €94,737 | €90,933 | -€3,803 | -4.0% |
| Equity | 10/15 | €48,730 | €31,864 | -€16,866 | -34.6% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €632 | €632 | = | 0.0% |
| Non-distributable reserves | 130/1 | €632 | €632 | = | 0.0% |
| Legal reserve | 130 | €632 | €632 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,402 | -€31,268 | -€16,866 | -117.1% |
| Amounts payable | 17/49 | €46,007 | €59,070 | +€13,062 | +28.4% |
| Amounts payable within one year | 42/48 | €46,007 | €59,070 | +€13,062 | +28.4% |
| Current portion of amounts payable after more than one year | 42 | €5,848 | €11,717 | +€5,869 | +100.4% |
| Financial debts | 43 | €24,468 | €25,584 | +€1,117 | +4.6% |
| Credit institutions | 430/8 | €24,468 | €25,584 | +€1,117 | +4.6% |
| Trade debts | 44 | €10,555 | €12,208 | +€1,653 | +15.7% |
| Suppliers | 440/4 | €10,555 | €12,208 | +€1,653 | +15.7% |
| Taxes, remuneration and social security | 45 | €5,136 | €9,560 | +€4,424 | +86.1% |
| Taxes | 450/3 | - | €0 | = | |
| Remuneration and social security | 454/9 | €5,136 | €9,560 | +€4,424 | +86.1% |
| Other amounts payable | 47/48 | €0 | €0 | = | |
| Remuneration, social security and pensions | 62 | €48,646 | €56,741 | +€8,096 | +16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €920 | €1,536 | +€617 | +67.1% |
| Other operating charges | 640/8 | €3,044 | €1,692 | -€1,351 | -44.4% |
| Gross operating margin | 9900 | €52,062 | €44,970 | -€7,092 | -13.6% |
| Operating profit (loss) | 9901 | -€547 | -€15,000 | -€14,453 | -2643.3% |
| Financial income | 75/76B | €6,962 | €4,936 | -€2,026 | -29.1% |
| Recurring financial income | 75 | €6,962 | €4,936 | -€2,026 | -29.1% |
| Financial charges | 65/66B | €5,631 | €6,797 | +€1,166 | +20.7% |
| Recurring financial charges | 65 | €5,631 | €6,797 | +€1,166 | +20.7% |
| Profit (loss) for the period before taxes | 9903 | €785 | -€16,861 | -€17,646 | |
| Income taxes | 67/77 | €223 | €5 | -€218 | -97.7% |
| Profit (loss) for the period | 9904 | €562 | -€16,866 | -€17,428 | |
| Profit (loss) for the period to be appropriated | 9905 | €562 | -€16,866 | -€17,428 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.