DE VOS IG: 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 IG
Largest movements
- Receivables within one year -€54,193
down €54,193 (-91.9%), from €58,987 to €4,794
of which Trade receivables: -€55,344
- Cash +€31,314
up €31,314 (+170%), from €18,373 to €49,687
mainly Net result for the year (+€105,381) and Receivables within one year (+€54,193)
- Tangible fixed assets -€13,599
down €13,599 (-3.6%), from €374,936 to €361,337
of which Land and buildings: -€9,320
- Stocks and contracts +€6,611
up €6,611 (+74.1%), from €8,925 to €15,536
- Other debts -€97,328
down €97,328 (-55.5%), from €175,494 to €78,166
- Profit (loss) carried forward +€79,963
no longer reported in 2025 (was -€79,963)
- Reserves +€25,419
new in 2025: €25,419
- Debts after one year -€23,957
down €23,957 (-8.8%), from €273,721 to €249,764
- Trade debts -€21,900
down €21,900 (-69.0%), from €31,754 to €9,854
- Gross operating margin +€99,994
up €99,994 (+152%), from €65,691 to €165,686
- Staff costs +€19,866
up €19,866 (+419%), from €4,738 to €24,604
- Taxes +€4,324
new in 2025: €4,324
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 | €461,221 | €431,522 | -€29,699 | -6.4% |
| Fixed assets | 21/28 | €374,936 | €361,337 | -€13,599 | -3.6% |
| Tangible fixed assets | 22/27 | €374,936 | €361,337 | -€13,599 | -3.6% |
| Land and buildings | 22 | €295,844 | €286,524 | -€9,320 | -3.2% |
| Plant, machinery and equipment | 23 | €8,466 | €9,298 | +€832 | +9.8% |
| Other tangible fixed assets | 26 | €70,626 | €65,515 | -€5,111 | -7.2% |
| Current assets | 29/58 | €86,285 | €70,185 | -€16,100 | -18.7% |
| Stocks and contracts in progress | 3 | €8,925 | €15,536 | +€6,611 | +74.1% |
| Stocks | 30/36 | €8,925 | €15,536 | +€6,611 | +74.1% |
| Amounts receivable within one year | 40/41 | €58,987 | €4,794 | -€54,193 | -91.9% |
| Trade receivables | 40 | €55,653 | €309 | -€55,344 | -99.4% |
| Other amounts receivable | 41 | €3,334 | €4,485 | +€1,151 | +34.5% |
| Cash at bank and in hand | 54/58 | €18,373 | €49,687 | +€31,314 | +170% |
| Deferred charges and accrued income | 490/1 | - | €168 | +€168 | |
| Total equity and liabilities | 10/49 | €461,221 | €431,522 | -€29,699 | -6.4% |
| Equity | 10/15 | -€54,963 | €50,419 | +€105,381 | |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | - | €25,419 | +€25,419 | |
| Distributable reserves | 133 | - | €25,419 | +€25,419 | |
| Profit (loss) carried forward | 14 | -€79,963 | - | +€79,963 | |
| Amounts payable | 17/49 | €516,184 | €381,103 | -€135,081 | -26.2% |
| Amounts payable after more than one year | 17 | €273,721 | €249,764 | -€23,957 | -8.8% |
| Financial debts | 170/4 | €273,721 | €249,764 | -€23,957 | -8.8% |
| Amounts payable within one year | 42/48 | €242,463 | €131,339 | -€111,123 | -45.8% |
| Current portion of amounts payable after more than one year | 42 | €23,906 | €22,626 | -€1,279 | -5.4% |
| Trade debts | 44 | €31,754 | €9,854 | -€21,900 | -69.0% |
| Suppliers | 440/4 | €31,754 | €9,854 | -€21,900 | -69.0% |
| Advances received on contracts in progress | 46 | €1,000 | - | -€1,000 | |
| Taxes, remuneration and social security | 45 | €10,309 | €20,693 | +€10,384 | +101% |
| Taxes | 450/3 | €7,252 | €12,996 | +€5,744 | +79.2% |
| Remuneration and social security | 454/9 | €3,058 | €7,697 | +€4,640 | +152% |
| Other amounts payable | 47/48 | €175,494 | €78,166 | -€97,328 | -55.5% |
| Remuneration, social security and pensions | 62 | €4,738 | €24,604 | +€19,866 | +419% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,619 | €21,188 | +€570 | +2.8% |
| Other operating charges | 640/8 | €4,090 | €2,485 | -€1,605 | -39.2% |
| Gross operating margin | 9900 | €65,691 | €165,686 | +€99,994 | +152% |
| Operating profit (loss) | 9901 | €36,245 | €117,409 | +€81,164 | +224% |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €7,780 | €7,708 | -€72 | -0.9% |
| Recurring financial charges | 65 | €7,780 | €7,708 | -€72 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | €28,465 | €109,705 | +€81,240 | +285% |
| Income taxes | 67/77 | - | €4,324 | +€4,324 | |
| Profit (loss) for the period | 9904 | €28,465 | €105,381 | +€76,916 | +270% |
| Profit (loss) for the period to be appropriated | 9905 | €28,465 | €105,381 | +€76,916 | +270% |
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 19 October 2026 via checked.be.