DE VOSVIJVERS: 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 VOSVIJVERS
Largest movements
- Tangible fixed assets -€19,594
down €19,594 (-3.6%), from €549,230 to €529,635
- Deferred charges and accrued income -€18,031
down €18,031 (-68.1%), from €26,465 to €8,434
- Cash +€17,376
up €17,376 (+16.3%), from €106,803 to €124,179
mainly Depreciation (+€47,200) and Deferred charges and accrued income (+€18,031)
- Stocks and contracts -€15,257
down €15,257 (-4.6%), from €331,071 to €315,814
of which Stocks: -€11,495
- Debts after one year -€32,799
down €32,799 (-10.0%), from €328,082 to €295,284
- Other debts -€17,685
down €17,685 (-19.2%), from €91,902 to €74,217
- Advances received +€15,455
up €15,455 (+48.6%), from €31,776 to €47,231
- Gross operating margin +€11,721
up €11,721 (+10.9%), from €107,380 to €119,100
- Depreciation -€11,296
down €11,296 (-19.3%), from €58,497 to €47,200
- Other operating charges +€6,345
up €6,345 (+74.1%), from €8,566 to €14,910
- Staff costs +€3,994
up €3,994 (+9.8%), from €40,840 to €44,834
- Financial charges -€1,574
down €1,574 (-9.8%), from €16,128 to €14,554
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 | €1,064,078 | €1,017,678 | -€46,400 | -4.4% |
| Fixed assets | 21/28 | €550,230 | €529,635 | -€20,594 | -3.7% |
| Intangible fixed assets | 21 | €1,000 | - | -€1,000 | |
| Tangible fixed assets | 22/27 | €549,230 | €529,635 | -€19,594 | -3.6% |
| Land and buildings | 22 | €519,399 | €519,583 | +€184 | 0.0% |
| Plant, machinery and equipment | 23 | €14,001 | €6,508 | -€7,493 | -53.5% |
| Furniture and vehicles | 24 | €11,380 | €3,545 | -€7,836 | -68.9% |
| Leasing and similar rights | 25 | €4,450 | - | -€4,450 | |
| Current assets | 29/58 | €513,848 | €488,043 | -€25,806 | -5.0% |
| Stocks and contracts in progress | 3 | €331,071 | €315,814 | -€15,257 | -4.6% |
| Stocks | 30/36 | €316,071 | €304,576 | -€11,495 | -3.6% |
| Contracts in progress | 37 | €15,000 | €11,238 | -€3,762 | -25.1% |
| Amounts receivable within one year | 40/41 | €49,509 | €39,616 | -€9,893 | -20.0% |
| Trade receivables | 40 | €27,567 | €11,579 | -€15,988 | -58.0% |
| Other amounts receivable | 41 | €21,943 | €28,038 | +€6,095 | +27.8% |
| Cash at bank and in hand | 54/58 | €106,803 | €124,179 | +€17,376 | +16.3% |
| Deferred charges and accrued income | 490/1 | €26,465 | €8,434 | -€18,031 | -68.1% |
| Total equity and liabilities | 10/49 | €1,064,078 | €1,017,678 | -€46,400 | -4.4% |
| Equity | 10/15 | €525,359 | €525,812 | +€453 | +0.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €512,959 | €513,412 | +€453 | +0.1% |
| Distributable reserves | 133 | €512,959 | €513,412 | +€453 | +0.1% |
| Amounts payable | 17/49 | €538,719 | €491,866 | -€46,853 | -8.7% |
| Amounts payable after more than one year | 17 | €328,082 | €295,284 | -€32,799 | -10.0% |
| Financial debts | 170/4 | €328,082 | €295,284 | -€32,799 | -10.0% |
| Amounts payable within one year | 42/48 | €199,538 | €186,408 | -€13,130 | -6.6% |
| Current portion of amounts payable after more than one year | 42 | €42,367 | €32,799 | -€9,569 | -22.6% |
| Trade debts | 44 | €9,883 | €11,314 | +€1,431 | +14.5% |
| Suppliers | 440/4 | €9,883 | €11,314 | +€1,431 | +14.5% |
| Advances received on contracts in progress | 46 | €31,776 | €47,231 | +€15,455 | +48.6% |
| Taxes, remuneration and social security | 45 | €23,609 | €20,847 | -€2,762 | -11.7% |
| Taxes | 450/3 | €18,454 | €15,295 | -€3,159 | -17.1% |
| Remuneration and social security | 454/9 | €5,154 | €5,552 | +€398 | +7.7% |
| Other amounts payable | 47/48 | €91,902 | €74,217 | -€17,685 | -19.2% |
| Accrued charges and deferred income | 492/3 | €11,099 | €10,174 | -€925 | -8.3% |
| Non-recurring operating income | 76A | - | €6,842 | +€6,842 | |
| Remuneration, social security and pensions | 62 | €40,840 | €44,834 | +€3,994 | +9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,497 | €47,200 | -€11,296 | -19.3% |
| Other operating charges | 640/8 | €8,566 | €14,910 | +€6,345 | +74.1% |
| Gross operating margin | 9900 | €107,380 | €119,100 | +€11,721 | +10.9% |
| Operating profit (loss) | 9901 | -€522 | €12,156 | +€12,678 | |
| Financial income | 75/76B | €3,725 | €3,394 | -€331 | -8.9% |
| Recurring financial income | 75 | €3,725 | €3,394 | -€331 | -8.9% |
| Financial charges | 65/66B | €16,128 | €14,554 | -€1,574 | -9.8% |
| Recurring financial charges | 65 | €16,128 | €14,554 | -€1,574 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | -€12,925 | €996 | +€13,921 | |
| Income taxes | 67/77 | €536 | €543 | +€7 | +1.3% |
| Profit (loss) for the period | 9904 | -€13,461 | €453 | +€13,914 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,461 | €453 | +€13,914 |
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.