DE VOS PAUL: 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 PAUL
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Reserves -€26,775
down €26,775 (-10.9%), from €245,038 to €218,263
of which Distributable reserves: -€26,775
- Other debts +€22,391
up €22,391 (+253%), from €8,849 to €31,239
- Gross operating margin +€5,657
up €5,657 (+35.9%), from €15,744 to €21,401
- Financial charges +€4,817
up €4,817 (+39.9%), from €12,061 to €16,878
- Depreciation -€1,063
no longer reported in 2025 (was €1,063)
- Other operating charges +€390
up €390 (+10.7%), from €3,652 to €4,042
- Taxes -€342
down €342 (-88.7%), from €385 to €44
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 | €750,491 | €747,760 | -€2,731 | -0.4% |
| Fixed assets | 21/28 | €743,523 | €745,148 | +€1,624 | +0.2% |
| Tangible fixed assets | 22/27 | €743,523 | €745,148 | +€1,624 | +0.2% |
| Land and buildings | 22 | €736,899 | €736,899 | = | 0.0% |
| Plant, machinery and equipment | 23 | €6,625 | €8,249 | +€1,624 | +24.5% |
| Current assets | 29/58 | €6,967 | €2,613 | -€4,355 | -62.5% |
| Amounts receivable within one year | 40/41 | €945 | - | -€945 | |
| Trade receivables | 40 | €945 | - | -€945 | |
| Cash at bank and in hand | 54/58 | €5,302 | €2,613 | -€2,689 | -50.7% |
| Deferred charges and accrued income | 490/1 | €721 | - | -€721 | |
| Total equity and liabilities | 10/49 | €750,491 | €747,760 | -€2,731 | -0.4% |
| Equity | 10/15 | €495,038 | €468,263 | -€26,775 | -5.4% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €245,038 | €218,263 | -€26,775 | -10.9% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €25,000 | €25,000 | = | 0.0% |
| Distributable reserves | 133 | €220,038 | €193,263 | -€26,775 | -12.2% |
| Amounts payable | 17/49 | €255,453 | €279,497 | +€24,045 | +9.4% |
| Amounts payable after more than one year | 17 | €240,000 | €240,000 | = | 0.0% |
| Financial debts | 170/4 | €240,000 | €240,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €14,693 | €38,737 | +€24,045 | +164% |
| Trade debts | 44 | €2,117 | €1,019 | -€1,098 | -51.9% |
| Suppliers | 440/4 | €2,117 | €1,019 | -€1,098 | -51.9% |
| Taxes, remuneration and social security | 45 | €3,727 | €6,479 | +€2,752 | +73.9% |
| Taxes | 450/3 | €3,727 | €6,479 | +€2,752 | +73.9% |
| Other amounts payable | 47/48 | €8,849 | €31,239 | +€22,391 | +253% |
| Accrued charges and deferred income | 492/3 | €760 | €760 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,063 | - | -€1,063 | |
| Other operating charges | 640/8 | €3,652 | €4,042 | +€390 | +10.7% |
| Gross operating margin | 9900 | €15,744 | €21,401 | +€5,657 | +35.9% |
| Operating profit (loss) | 9901 | €11,029 | €17,358 | +€6,329 | +57.4% |
| Financial charges | 65/66B | €12,061 | €16,878 | +€4,817 | +39.9% |
| Recurring financial charges | 65 | €12,061 | €16,878 | +€4,817 | +39.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,032 | €480 | +€1,512 | |
| Income taxes | 67/77 | €385 | €44 | -€342 | -88.7% |
| Profit (loss) for the period | 9904 | -€1,418 | €436 | +€1,854 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,418 | €436 | +€1,854 |
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 25 October 2026 via checked.be.