DE VOSSEPUT: 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 VOSSEPUT
Largest movements
- Tangible fixed assets +€877,422
up €877,422 (+28.8%), from €3.0m to €3.9m
of which Plant, machinery and equipment: +€1.0m
- Receivables within one year +€750,771
up €750,771 (+116%), from €649,159 to €1.4m
of which Trade receivables: +€695,371
- Stocks and contracts +€477,005
up €477,005 (+37.1%), from €1.3m to €1.8m
- Short-term financial debts +€745,000
up €745,000 (+164%), from €455,000 to €1.2m
- Trade debts +€643,065
up €643,065 (+113%), from €569,430 to €1.2m
- Debts after one year +€470,278
up €470,278 (+18.8%), from €2.5m to €3.0m
- Reserves +€336,800
up €336,800 (+49.9%), from €675,198 to €1.0m
of which Tax-exempt reserves: +€336,800
- Other debts +€129,907
new in 2025: €129,907
- Gross operating margin +€233,425
up €233,425 (+20.1%), from €1.2m to €1.4m
- Financial charges +€66,188
up €66,188 (+62.3%), from €106,253 to €172,441
- Staff costs +€61,538
up €61,538 (+51.1%), from €120,460 to €181,998
- Depreciation +€53,788
up €53,788 (+9.3%), from €577,139 to €630,927
- Other operating charges +€20,012
up €20,012 (+156%), from €12,824 to €32,835
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 | €5,032,579 | €7,187,205 | +€2.2m | +42.8% |
| Fixed assets | 21/28 | €3,048,958 | €3,926,380 | +€877,422 | +28.8% |
| Tangible fixed assets | 22/27 | €3,042,627 | €3,920,048 | +€877,422 | +28.8% |
| Land and buildings | 22 | €2,183,816 | €2,023,757 | -€160,059 | -7.3% |
| Plant, machinery and equipment | 23 | €803,818 | €1,812,944 | +€1.0m | +126% |
| Furniture and vehicles | 24 | €54,993 | €83,348 | +€28,355 | +51.6% |
| Financial fixed assets | 28 | €6,331 | €6,331 | = | 0.0% |
| Current assets | 29/58 | €1,983,620 | €3,260,826 | +€1.3m | +64.4% |
| Stocks and contracts in progress | 3 | €1,284,792 | €1,761,797 | +€477,005 | +37.1% |
| Stocks | 30/36 | €1,284,792 | €1,761,797 | +€477,005 | +37.1% |
| Amounts receivable within one year | 40/41 | €649,159 | €1,399,930 | +€750,771 | +116% |
| Trade receivables | 40 | €625,768 | €1,321,139 | +€695,371 | +111% |
| Other amounts receivable | 41 | €23,390 | €78,790 | +€55,400 | +237% |
| Cash at bank and in hand | 54/58 | €17,438 | €39,081 | +€21,643 | +124% |
| Deferred charges and accrued income | 490/1 | €32,232 | €60,018 | +€27,786 | +86.2% |
| Total equity and liabilities | 10/49 | €5,032,579 | €7,187,205 | +€2.2m | +42.8% |
| Equity | 10/15 | €772,919 | €1,070,908 | +€297,989 | +38.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €675,198 | €1,011,998 | +€336,800 | +49.9% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €336,800 | +€336,800 | |
| Distributable reserves | 133 | €673,343 | €673,343 | = | 0.0% |
| Profit (loss) carried forward | 14 | €79,171 | €40,360 | -€38,811 | -49.0% |
| Amounts payable | 17/49 | €4,259,660 | €6,116,297 | +€1.9m | +43.6% |
| Amounts payable after more than one year | 17 | €2,504,448 | €2,974,727 | +€470,278 | +18.8% |
| Financial debts | 170/4 | €2,504,448 | €2,974,727 | +€470,278 | +18.8% |
| Amounts payable within one year | 42/48 | €1,755,211 | €3,141,571 | +€1.4m | +79.0% |
| Current portion of amounts payable after more than one year | 42 | €532,143 | €491,038 | -€41,105 | -7.7% |
| Financial debts | 43 | €455,000 | €1,200,000 | +€745,000 | +164% |
| Credit institutions | 430/8 | €455,000 | €1,200,000 | +€745,000 | +164% |
| Trade debts | 44 | €569,430 | €1,212,495 | +€643,065 | +113% |
| Suppliers | 440/4 | €569,430 | €1,212,495 | +€643,065 | +113% |
| Advances received on contracts in progress | 46 | €67,714 | - | -€67,714 | |
| Taxes, remuneration and social security | 45 | €130,924 | €108,131 | -€22,793 | -17.4% |
| Taxes | 450/3 | €110,302 | €65,276 | -€45,027 | -40.8% |
| Remuneration and social security | 454/9 | €20,622 | €42,856 | +€22,234 | +108% |
| Other amounts payable | 47/48 | - | €129,907 | +€129,907 | |
| Remuneration, social security and pensions | 62 | €120,460 | €181,998 | +€61,538 | +51.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €577,139 | €630,927 | +€53,788 | +9.3% |
| Other operating charges | 640/8 | €12,824 | €32,835 | +€20,012 | +156% |
| Gross operating margin | 9900 | €1,159,607 | €1,393,032 | +€233,425 | +20.1% |
| Operating profit (loss) | 9901 | €449,184 | €547,272 | +€98,087 | +21.8% |
| Financial income | 75/76B | €6 | €72 | +€66 | +1,104% |
| Recurring financial income | 75 | €6 | €72 | +€66 | +1,104% |
| Financial charges | 65/66B | €106,253 | €172,441 | +€66,188 | +62.3% |
| Recurring financial charges | 65 | €106,253 | €172,441 | +€66,188 | +62.3% |
| Profit (loss) for the period before taxes | 9903 | €342,937 | €374,903 | +€31,965 | +9.3% |
| Income taxes | 67/77 | €82,227 | €76,914 | -€5,313 | -6.5% |
| Profit (loss) for the period | 9904 | €260,710 | €297,989 | +€37,279 | +14.3% |
| Transfer to tax-exempt reserves | 689 | - | €336,800 | +€336,800 | |
| Profit (loss) for the period to be appropriated | 9905 | €260,710 | -€38,811 | -€299,521 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.