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
- Tangible fixed assets -€20,642
down €20,642 (-30.2%), from €68,438 to €47,796
of which Other tangible fixed assets: -€10,365
- Receivables within one year +€6,904
up €6,904 (+312%), from €2,211 to €9,115
of which Other amounts receivable: +€3,811
- Cash -€2,548
down €2,548 (-17.2%), from €14,780 to €12,232
mainly Tax, wage and social debts (-€22,068) and Debts after one year (-€18,789)
- Tax, wage and social debts -€22,068
down €22,068 (-54.1%), from €40,785 to €18,717
of which Taxes: -€25,111
- Debts after one year -€18,789
down €18,789 (-53.3%), from €35,256 to €16,467
- Profit (loss) carried forward +€17,051
up €17,051 (+35.8%), from -€47,598 to -€30,547
- Trade debts +€16,687
up €16,687 (+52.7%), from €31,647 to €48,334
- Current portion of long-term debt -€6,780
down €6,780 (-26.5%), from €25,569 to €18,789
- Gross operating margin +€29,775
up €29,775 (+171%), from €17,400 to €47,176
- Other operating charges +€2,589
up €2,589 (+188%), from €1,375 to €3,964
- Depreciation -€979
down €979 (-4.2%), from €23,107 to €22,127
- Financial charges +€581
up €581 (+19.3%), from €3,014 to €3,596
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 | €108,630 | €91,945 | -€16,685 | -15.4% |
| Fixed assets | 21/28 | €68,513 | €47,796 | -€20,717 | -30.2% |
| Tangible fixed assets | 22/27 | €68,438 | €47,796 | -€20,642 | -30.2% |
| Plant, machinery and equipment | 23 | €11,639 | €7,655 | -€3,984 | -34.2% |
| Furniture and vehicles | 24 | €23,336 | €17,043 | -€6,293 | -27.0% |
| Other tangible fixed assets | 26 | €33,463 | €23,099 | -€10,365 | -31.0% |
| Financial fixed assets | 28 | €75 | - | -€75 | |
| Current assets | 29/58 | €40,117 | €44,149 | +€4,032 | +10.1% |
| Stocks and contracts in progress | 3 | €22,005 | €21,816 | -€189 | -0.9% |
| Stocks | 30/36 | €22,005 | €21,816 | -€189 | -0.9% |
| Amounts receivable within one year | 40/41 | €2,211 | €9,115 | +€6,904 | +312% |
| Trade receivables | 40 | €592 | €3,685 | +€3,093 | +523% |
| Other amounts receivable | 41 | €1,619 | €5,430 | +€3,811 | +235% |
| Cash at bank and in hand | 54/58 | €14,780 | €12,232 | -€2,548 | -17.2% |
| Deferred charges and accrued income | 490/1 | €1,121 | €986 | -€135 | -12.0% |
| Total equity and liabilities | 10/49 | €108,630 | €91,945 | -€16,685 | -15.4% |
| Equity | 10/15 | -€28,644 | -€11,593 | +€17,051 | +59.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €6,554 | €6,554 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,694 | €2,694 | = | 0.0% |
| Distributable reserves | 133 | €3,860 | €3,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,598 | -€30,547 | +€17,051 | +35.8% |
| Amounts payable | 17/49 | €137,274 | €103,538 | -€33,736 | -24.6% |
| Amounts payable after more than one year | 17 | €35,256 | €16,467 | -€18,789 | -53.3% |
| Financial debts | 170/4 | €35,256 | €16,467 | -€18,789 | -53.3% |
| Amounts payable within one year | 42/48 | €102,018 | €87,071 | -€14,947 | -14.7% |
| Current portion of amounts payable after more than one year | 42 | €25,569 | €18,789 | -€6,780 | -26.5% |
| Trade debts | 44 | €31,647 | €48,334 | +€16,687 | +52.7% |
| Suppliers | 440/4 | €31,647 | €48,334 | +€16,687 | +52.7% |
| Advances received on contracts in progress | 46 | €4,018 | €1,231 | -€2,787 | -69.4% |
| Taxes, remuneration and social security | 45 | €40,785 | €18,717 | -€22,068 | -54.1% |
| Taxes | 450/3 | €33,992 | €8,881 | -€25,111 | -73.9% |
| Remuneration and social security | 454/9 | €6,793 | €9,836 | +€3,044 | +44.8% |
| Remuneration, social security and pensions | 62 | €307 | €281 | -€26 | -8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,107 | €22,127 | -€979 | -4.2% |
| Other operating charges | 640/8 | €1,375 | €3,964 | +€2,589 | +188% |
| Gross operating margin | 9900 | €17,400 | €47,176 | +€29,775 | +171% |
| Operating profit (loss) | 9901 | -€7,388 | €20,803 | +€28,191 | |
| Financial income | 75/76B | €1 | €204 | +€204 | +31,326% |
| Recurring financial income | 75 | €1 | €204 | +€204 | +31,326% |
| Financial charges | 65/66B | €3,014 | €3,596 | +€581 | +19.3% |
| Recurring financial charges | 65 | €3,014 | €3,596 | +€581 | +19.3% |
| Profit (loss) for the period before taxes | 9903 | -€10,402 | €17,412 | +€27,814 | |
| Income taxes | 67/77 | €393 | €361 | -€32 | -8.3% |
| Profit (loss) for the period | 9904 | -€10,795 | €17,051 | +€27,846 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,795 | €17,051 | +€27,846 |
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 20 October 2026 via checked.be.