DE VREES: 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 VREES
Largest movements
- Tangible fixed assets -€53,561
down €53,561 (-17.7%), from €303,225 to €249,663
of which Land and buildings: -€45,362
- Stocks and contracts -€38,564
down €38,564 (-32.1%), from €120,284 to €81,720
- Receivables within one year +€32,000
up €32,000 (+1383.4%), from €2,313 to €34,313
of which Trade receivables: +€34,313
- Cash +€15,927
up €15,927 (+44.3%), from €35,957 to €51,885
mainly Depreciation (+€59,561) and Stocks and contracts (+€38,564)
- Deferred charges and accrued income +€12,872
up €12,872 (+37.9%), from €33,950 to €46,822
- Debts after one year -€15,900
down €15,900 (-74.8%), from €21,250 to €5,350
- Profit (loss) carried forward -€12,496
down €12,496 (-7.2%), from €173,935 to €161,438
- Trade debts -€9,096
down €9,096 (-76.3%), from €11,929 to €2,833
- Tax, wage and social debts +€5,388
up €5,388 (+3862.1%), from €140 to €5,528
- Gross operating margin -€12,375
down €12,375 (-16.1%), from €76,856 to €64,482
- Depreciation +€2,373
up €2,373 (+4.1%), from €57,188 to €59,561
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 | €495,729 | €464,403 | -€31,326 | -6.3% |
| Fixed assets | 21/28 | €303,225 | €249,663 | -€53,561 | -17.7% |
| Tangible fixed assets | 22/27 | €303,225 | €249,663 | -€53,561 | -17.7% |
| Land and buildings | 22 | €267,474 | €222,112 | -€45,362 | -17.0% |
| Plant, machinery and equipment | 23 | €20,048 | €15,349 | -€4,699 | -23.4% |
| Furniture and vehicles | 24 | €15,702 | €12,202 | -€3,500 | -22.3% |
| Current assets | 29/58 | €192,504 | €214,740 | +€22,236 | +11.6% |
| Stocks and contracts in progress | 3 | €120,284 | €81,720 | -€38,564 | -32.1% |
| Stocks | 30/36 | €120,284 | €81,720 | -€38,564 | -32.1% |
| Amounts receivable within one year | 40/41 | €2,313 | €34,313 | +€32,000 | +1383.4% |
| Trade receivables | 40 | - | €34,313 | +€34,313 | |
| Other amounts receivable | 41 | €2,313 | - | -€2,313 | |
| Cash at bank and in hand | 54/58 | €35,957 | €51,885 | +€15,927 | +44.3% |
| Deferred charges and accrued income | 490/1 | €33,950 | €46,822 | +€12,872 | +37.9% |
| Total equity and liabilities | 10/49 | €495,729 | €464,403 | -€31,326 | -6.3% |
| Equity | 10/15 | €446,735 | €434,238 | -€12,496 | -2.8% |
| Contributions | 10/11 | €248,000 | €248,000 | = | 0.0% |
| Capital | 10 | €248,000 | €248,000 | = | 0.0% |
| Issued capital | 100 | €248,000 | €248,000 | = | 0.0% |
| Reserves | 13 | €24,800 | €24,800 | = | 0.0% |
| Non-distributable reserves | 130/1 | €24,800 | €24,800 | = | 0.0% |
| Legal reserve | 130 | €24,800 | €24,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €173,935 | €161,438 | -€12,496 | -7.2% |
| Amounts payable | 17/49 | €48,995 | €30,165 | -€18,829 | -38.4% |
| Amounts payable after more than one year | 17 | €21,250 | €5,350 | -€15,900 | -74.8% |
| Financial debts | 170/4 | €21,250 | €5,350 | -€15,900 | -74.8% |
| Amounts payable within one year | 42/48 | €27,744 | €24,261 | -€3,484 | -12.6% |
| Current portion of amounts payable after more than one year | 42 | €15,676 | €15,900 | +€224 | +1.4% |
| Trade debts | 44 | €11,929 | €2,833 | -€9,096 | -76.3% |
| Suppliers | 440/4 | €11,929 | €2,833 | -€9,096 | -76.3% |
| Taxes, remuneration and social security | 45 | €140 | €5,528 | +€5,388 | +3862.1% |
| Taxes | 450/3 | €140 | €5,528 | +€5,388 | +3862.1% |
| Accrued charges and deferred income | 492/3 | - | €554 | +€554 | |
| Non-recurring operating income | 76A | - | €1,000 | +€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,188 | €59,561 | +€2,373 | +4.1% |
| Other operating charges | 640/8 | €16,480 | €16,609 | +€129 | +0.8% |
| Gross operating margin | 9900 | €76,856 | €64,482 | -€12,375 | -16.1% |
| Operating profit (loss) | 9901 | €3,188 | -€11,689 | -€14,876 | |
| Financial income | 75/76B | €15 | €29 | +€14 | +92.0% |
| Recurring financial income | 75 | €15 | €29 | +€14 | +92.0% |
| Financial charges | 65/66B | €1,044 | €825 | -€219 | -21.0% |
| Recurring financial charges | 65 | €1,044 | €825 | -€219 | -21.0% |
| Profit (loss) for the period before taxes | 9903 | €2,159 | -€12,485 | -€14,643 | |
| Income taxes | 67/77 | €140 | €12 | -€128 | -91.7% |
| Profit (loss) for the period | 9904 | €2,019 | -€12,496 | -€14,515 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,019 | -€12,496 | -€14,515 |
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.