De Vrede: what changed
Two fiscal 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 Vrede
Largest movements
- Tangible fixed assets +€23,551
up €23,551 (+69.9%), from €33,714 to €57,264
- Cash -€14,472
down €14,472 (-48.0%), from €30,133 to €15,661
mainly Investment in fixed assets (net) (-€25,000)
- Reserves +€6,046
up €6,046 (+13.3%), from €45,422 to €51,468
of which Distributable reserves: +€6,046
- Tax, wage and social debts +€3,028
up €3,028, from €0 to €3,028
- Depreciation +€1,449
up €1,449, from €0 to €1,449
- Taxes -€310
down €310 (-9.3%), from €3,338 to €3,028
- Gross operating margin +€242
up €242 (+1.8%), from €13,582 to €13,824
- Other operating charges +€204
up €204 (+6.8%), from €3,017 to €3,221
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.
Cash bridge derived
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 | €64,889 | €73,967 | +€9,079 | +14.0% |
| Fixed assets | 21/28 | €33,714 | €57,264 | +€23,551 | +69.9% |
| Tangible fixed assets | 22/27 | €33,714 | €57,264 | +€23,551 | +69.9% |
| Land and buildings | 22 | €33,714 | €57,264 | +€23,551 | +69.9% |
| Current assets | 29/58 | €31,175 | €16,703 | -€14,472 | -46.4% |
| Amounts receivable within one year | 40/41 | €1,042 | €1,042 | = | 0.0% |
| Other amounts receivable | 41 | €1,042 | €1,042 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €30,133 | €15,661 | -€14,472 | -48.0% |
| Total equity and liabilities | 10/49 | €64,889 | €73,967 | +€9,079 | +14.0% |
| Equity | 10/15 | €64,889 | €70,940 | +€6,051 | +9.3% |
| Contributions | 10/11 | €18,741 | €18,741 | = | 0.0% |
| Reserves | 13 | €45,422 | €51,468 | +€6,046 | +13.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €45,422 | €51,468 | +€6,046 | +13.3% |
| Profit (loss) carried forward | 14 | €726 | €731 | +€5 | +0.7% |
| Amounts payable | 17/49 | €0 | €3,028 | +€3,028 | |
| Amounts payable within one year | 42/48 | €0 | €3,028 | +€3,028 | |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €0 | €3,028 | +€3,028 | |
| Taxes | 450/3 | €0 | €3,028 | +€3,028 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €1,449 | +€1,449 | |
| Other operating charges | 640/8 | €3,017 | €3,221 | +€204 | +6.8% |
| Gross operating margin | 9900 | €13,582 | €13,824 | +€242 | +1.8% |
| Operating profit (loss) | 9901 | €10,565 | €9,154 | -€1,411 | -13.4% |
| Financial charges | 65/66B | €74 | €75 | +€1 | +0.8% |
| Recurring financial charges | 65 | €74 | €75 | +€1 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | €10,491 | €9,079 | -€1,412 | -13.5% |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | €3,338 | €3,028 | -€310 | -9.3% |
| Profit (loss) for the period | 9904 | €7,153 | €6,051 | -€1,101 | -15.4% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €7,153 | €6,051 | -€1,101 | -15.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.