DE VOS MANAGEMENT: 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 MANAGEMENT
Largest movements
- Tangible fixed assets -€27,016
down €27,016 (-23.5%), from €114,807 to €87,791
of which Leasing and similar rights: -€29,780
- Receivables within one year +€18,554
up €18,554 (+10.6%), from €174,640 to €193,193
of which Trade receivables: +€18,903
- Debts after one year -€155,001
down €155,001 (-31.3%), from €495,550 to €340,549
of which Financial debts: -€155,001
- Profit (loss) carried forward +€123,136
up €123,136 (+34.9%), from €353,146 to €476,282
- Other debts +€39,492
up €39,492 (+17.3%), from €228,186 to €267,678
- Financial income -€35,000
down €35,000 (-17.5%), from €200,000 to €165,000
- Gross operating margin +€22,947
up €22,947, from -€5,388 to €17,559
- Depreciation +€14,298
up €14,298 (+90.6%), from €15,789 to €30,087
- Other operating charges -€6,714
down €6,714 (-52.0%), from €12,908 to €6,194
- Financial charges +€1,841
up €1,841 (+24.4%), from €7,530 to €9,371
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 | €1,286,099 | €1,278,178 | -€7,921 | -0.6% |
| Fixed assets | 21/28 | €1,110,170 | €1,082,791 | -€27,379 | -2.5% |
| Tangible fixed assets | 22/27 | €114,807 | €87,791 | -€27,016 | -23.5% |
| Furniture and vehicles | 24 | €0 | €2,763 | +€2,763 | |
| Leasing and similar rights | 25 | €114,807 | €85,027 | -€29,780 | -25.9% |
| Financial fixed assets | 28 | €995,363 | €995,000 | -€363 | 0.0% |
| Current assets | 29/58 | €175,929 | €195,388 | +€19,459 | +11.1% |
| Amounts receivable within one year | 40/41 | €174,640 | €193,193 | +€18,554 | +10.6% |
| Trade receivables | 40 | €150,600 | €169,503 | +€18,903 | +12.6% |
| Other amounts receivable | 41 | €24,040 | €23,691 | -€349 | -1.5% |
| Cash at bank and in hand | 54/58 | €412 | €8 | -€405 | -98.1% |
| Deferred charges and accrued income | 490/1 | €877 | €2,187 | +€1,309 | +149% |
| Total equity and liabilities | 10/49 | €1,286,099 | €1,278,178 | -€7,921 | -0.6% |
| Equity | 10/15 | €358,146 | €481,282 | +€123,136 | +34.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €353,146 | €476,282 | +€123,136 | +34.9% |
| Amounts payable | 17/49 | €927,953 | €796,897 | -€131,056 | -14.1% |
| Amounts payable after more than one year | 17 | €495,550 | €340,549 | -€155,001 | -31.3% |
| Financial debts | 170/4 | €415,550 | €260,549 | -€155,001 | -37.3% |
| Other amounts payable | 178/9 | €80,000 | €80,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €425,907 | €455,443 | +€29,536 | +6.9% |
| Current portion of amounts payable after more than one year | 42 | €157,794 | €154,610 | -€3,184 | -2.0% |
| Trade debts | 44 | €21,704 | €24,491 | +€2,787 | +12.8% |
| Suppliers | 440/4 | €21,704 | €24,491 | +€2,787 | +12.8% |
| Taxes, remuneration and social security | 45 | €18,222 | €8,663 | -€9,559 | -52.5% |
| Taxes | 450/3 | €18,222 | €7,163 | -€11,059 | -60.7% |
| Remuneration and social security | 454/9 | €0 | €1,500 | +€1,500 | |
| Other amounts payable | 47/48 | €228,186 | €267,678 | +€39,492 | +17.3% |
| Accrued charges and deferred income | 492/3 | €6,496 | €905 | -€5,591 | -86.1% |
| Remuneration, social security and pensions | 62 | €2,213 | €2,513 | +€300 | +13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,789 | €30,087 | +€14,298 | +90.6% |
| Other operating charges | 640/8 | €12,908 | €6,194 | -€6,714 | -52.0% |
| Gross operating margin | 9900 | -€5,388 | €17,559 | +€22,947 | |
| Operating profit (loss) | 9901 | -€36,299 | -€21,235 | +€15,064 | +41.5% |
| Financial income | 75/76B | €200,000 | €165,000 | -€35,000 | -17.5% |
| Recurring financial income | 75 | €200,000 | €165,000 | -€35,000 | -17.5% |
| Financial charges | 65/66B | €7,530 | €9,371 | +€1,841 | +24.4% |
| Recurring financial charges | 65 | €7,530 | €9,371 | +€1,841 | +24.4% |
| Profit (loss) for the period before taxes | 9903 | €156,171 | €134,394 | -€21,777 | -13.9% |
| Income taxes | 67/77 | €370 | €258 | -€112 | -30.2% |
| Profit (loss) for the period | 9904 | €155,801 | €134,136 | -€21,665 | -13.9% |
| Profit (loss) for the period to be appropriated | 9905 | €155,801 | €134,136 | -€21,665 | -13.9% |
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 26 October 2026 via checked.be.