DE VOS Systems: 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 Systems
Largest movements
- Cash +€1.1m
up €1.1m (+174%), from €620,102 to €1.7m
mainly Accrued charges and deferred income (+€767,356) and Current investments (+€298,175)
- Current investments -€298,175
down €298,175 (-100%), from €298,175 to €0
- Receivables after one year -€206,461
down €206,461 (-100%), from €206,461 to €0
- Receivables within one year +€95,923
up €95,923 (+28.2%), from €340,606 to €436,530
of which Other amounts receivable: +€131,159
- Intangible fixed assets -€37,530
down €37,530 (-50.0%), from €74,991 to €37,461
- Accrued charges and deferred income +€767,356
up €767,356 (+727%), from €105,500 to €872,856
- Trade debts -€268,873
down €268,873 (-67.6%), from €397,940 to €129,067
- Reserves +€108,739
up €108,739 (+13.6%), from €802,409 to €911,148
of which Distributable reserves: +€108,739
- Tax, wage and social debts +€44,688
up €44,688 (+33.4%), from €133,633 to €178,321
of which Remuneration and social security: +€23,042
- Other debts -€30,000
down €30,000 (-100%), from €30,000 to €0
- Gross operating margin -€96,545
down €96,545 (-13.7%), from €702,515 to €605,970
- Staff costs +€79,057
up €79,057 (+22.9%), from €345,239 to €424,296
- Taxes -€17,366
down €17,366 (-31.2%), from €55,686 to €38,320
- Financial income +€16,280
up €16,280 (+1,074%), from €1,516 to €17,797
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.
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 | €1,565,982 | €2,203,988 | +€638,006 | +40.7% |
| Fixed assets | 21/28 | €99,849 | €41,491 | -€58,358 | -58.4% |
| Intangible fixed assets | 21 | €74,991 | €37,461 | -€37,530 | -50.0% |
| Tangible fixed assets | 22/27 | €24,858 | €4,030 | -€20,828 | -83.8% |
| Plant, machinery and equipment | 23 | €693 | €413 | -€281 | -40.5% |
| Furniture and vehicles | 24 | €11,467 | €3,617 | -€7,850 | -68.5% |
| Other tangible fixed assets | 26 | €12,698 | €0 | -€12,698 | -100% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €1,466,133 | €2,162,497 | +€696,364 | +47.5% |
| Amounts receivable after more than one year | 29 | €206,461 | €0 | -€206,461 | -100% |
| Other amounts receivable | 291 | €206,461 | €0 | -€206,461 | -100% |
| Amounts receivable within one year | 40/41 | €340,606 | €436,530 | +€95,923 | +28.2% |
| Trade receivables | 40 | €277,976 | €242,740 | -€35,236 | -12.7% |
| Other amounts receivable | 41 | €62,630 | €193,789 | +€131,159 | +209% |
| Current investments | 50/53 | €298,175 | €0 | -€298,175 | -100% |
| Cash at bank and in hand | 54/58 | €620,102 | €1,697,717 | +€1.1m | +174% |
| Deferred charges and accrued income | 490/1 | €789 | €28,251 | +€27,462 | +3,482% |
| Total equity and liabilities | 10/49 | €1,565,982 | €2,203,988 | +€638,006 | +40.7% |
| Equity | 10/15 | €896,009 | €1,004,748 | +€108,739 | +12.1% |
| Contributions | 10/11 | €93,600 | €93,600 | = | 0.0% |
| Reserves | 13 | €802,409 | €911,148 | +€108,739 | +13.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €193,660 | €193,660 | = | 0.0% |
| Distributable reserves | 133 | €608,749 | €717,488 | +€108,739 | +17.9% |
| Amounts payable | 17/49 | €669,973 | €1,199,240 | +€529,267 | +79.0% |
| Amounts payable within one year | 42/48 | €564,473 | €326,384 | -€238,090 | -42.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €397,940 | €129,067 | -€268,873 | -67.6% |
| Suppliers | 440/4 | €397,940 | €129,067 | -€268,873 | -67.6% |
| Advances received on contracts in progress | 46 | €2,900 | €18,996 | +€16,096 | +555% |
| Taxes, remuneration and social security | 45 | €133,633 | €178,321 | +€44,688 | +33.4% |
| Taxes | 450/3 | €77,602 | €99,248 | +€21,646 | +27.9% |
| Remuneration and social security | 454/9 | €56,031 | €79,073 | +€23,042 | +41.1% |
| Other amounts payable | 47/48 | €30,000 | €0 | -€30,000 | -100% |
| Accrued charges and deferred income | 492/3 | €105,500 | €872,856 | +€767,356 | +727% |
| Non-recurring operating income | 76A | - | €1,953 | +€1,953 | |
| Remuneration, social security and pensions | 62 | €345,239 | €424,296 | +€79,057 | +22.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,951 | €41,725 | -€4,226 | -9.2% |
| Other operating charges | 640/8 | €1,473 | €1,762 | +€289 | +19.6% |
| Non-recurring operating charges | 66A | - | €3,987 | +€3,987 | |
| Gross operating margin | 9900 | €702,515 | €605,970 | -€96,545 | -13.7% |
| Operating profit (loss) | 9901 | €309,852 | €134,200 | -€175,652 | -56.7% |
| Financial income | 75/76B | €1,516 | €17,797 | +€16,280 | +1,074% |
| Recurring financial income | 75 | €1,516 | €17,797 | +€16,280 | +1,074% |
| Financial charges | 65/66B | €1,951 | €4,938 | +€2,986 | +153% |
| Recurring financial charges | 65 | €1,951 | €4,938 | +€2,986 | +153% |
| Profit (loss) for the period before taxes | 9903 | €309,417 | €147,059 | -€162,358 | -52.5% |
| Income taxes | 67/77 | €55,686 | €38,320 | -€17,366 | -31.2% |
| Profit (loss) for the period | 9904 | €253,731 | €108,739 | -€144,992 | -57.1% |
| Transfer from tax-exempt reserves | 789 | €58,940 | €0 | -€58,940 | -100% |
| Transfer to tax-exempt reserves | 689 | €126,300 | €0 | -€126,300 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €186,371 | €108,739 | -€77,632 | -41.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.