DE VREESE: 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 VREESE
Largest movements
- Stocks and contracts +€15,304
up €15,304 (+12.7%), from €120,572 to €135,876
- Cash -€4,014
down €4,014 (-26.0%), from €15,422 to €11,408
mainly Stocks and contracts (-€15,304) and Current portion of long-term debt (-€6,872)
- Receivables within one year -€1,958
down €1,958 (-16.2%), from €12,093 to €10,135
of which Trade receivables: -€3,481
- Debts after one year +€19,888
up €19,888 (+17.2%), from €115,932 to €135,819
of which Other amounts payable: +€23,849
- Current portion of long-term debt -€6,872
down €6,872 (-68.7%), from €10,000 to €3,128
- Trade debts -€6,160
down €6,160 (-49.0%), from €12,569 to €6,409
- Profit (loss) carried forward +€2,065
up €2,065 (+2.6%), from -€80,172 to -€78,107
- Gross operating margin -€3,695
down €3,695 (-35.7%), from €10,359 to €6,663
- Staff costs -€486
down €486 (-35.6%), from €1,366 to €880
- Financial charges -€406
down €406 (-88.4%), from €460 to €53
- Other operating charges +€364
up €364 (+35.5%), from €1,023 to €1,387
- Depreciation +€193
up €193 (+10.1%), from €1,915 to €2,108
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 | €158,044 | €166,550 | +€8,506 | +5.4% |
| Fixed assets | 21/28 | €7,319 | €6,550 | -€768 | -10.5% |
| Tangible fixed assets | 22/27 | €7,240 | €6,472 | -€768 | -10.6% |
| Land and buildings | 22 | €4,531 | €3,425 | -€1,106 | -24.4% |
| Plant, machinery and equipment | 23 | €2,709 | €1,897 | -€812 | -30.0% |
| Furniture and vehicles | 24 | - | €1,149 | +€1,149 | |
| Financial fixed assets | 28 | €78 | €78 | = | 0.0% |
| Current assets | 29/58 | €150,725 | €160,000 | +€9,275 | +6.2% |
| Stocks and contracts in progress | 3 | €120,572 | €135,876 | +€15,304 | +12.7% |
| Stocks | 30/36 | €120,572 | €135,876 | +€15,304 | +12.7% |
| Amounts receivable within one year | 40/41 | €12,093 | €10,135 | -€1,958 | -16.2% |
| Trade receivables | 40 | €12,092 | €8,611 | -€3,481 | -28.8% |
| Other amounts receivable | 41 | €1 | €1,524 | +€1,524 | +253931.7% |
| Cash at bank and in hand | 54/58 | €15,422 | €11,408 | -€4,014 | -26.0% |
| Deferred charges and accrued income | 490/1 | €2,639 | €2,581 | -€58 | -2.2% |
| Total equity and liabilities | 10/49 | €158,044 | €166,550 | +€8,506 | +5.4% |
| Equity | 10/15 | €18,528 | €20,593 | +€2,065 | +11.1% |
| Contributions | 10/11 | €95,000 | €95,000 | = | 0.0% |
| Reserves | 13 | €3,700 | €3,700 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €1,700 | €1,700 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€80,172 | -€78,107 | +€2,065 | +2.6% |
| Amounts payable | 17/49 | €139,516 | €145,957 | +€6,441 | +4.6% |
| Amounts payable after more than one year | 17 | €115,932 | €135,819 | +€19,888 | +17.2% |
| Financial debts | 170/4 | €3,962 | €0 | -€3,962 | -100.0% |
| Other amounts payable | 178/9 | €111,970 | €135,819 | +€23,849 | +21.3% |
| Amounts payable within one year | 42/48 | €23,584 | €10,138 | -€13,447 | -57.0% |
| Current portion of amounts payable after more than one year | 42 | €10,000 | €3,128 | -€6,872 | -68.7% |
| Trade debts | 44 | €12,569 | €6,409 | -€6,160 | -49.0% |
| Suppliers | 440/4 | €12,569 | €6,409 | -€6,160 | -49.0% |
| Taxes, remuneration and social security | 45 | €1,016 | €600 | -€416 | -40.9% |
| Taxes | 450/3 | €1,016 | €600 | -€416 | -40.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €30,000 | +€30,000 | |
| Remuneration, social security and pensions | 62 | €1,366 | €880 | -€486 | -35.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,915 | €2,108 | +€193 | +10.1% |
| Other operating charges | 640/8 | €1,023 | €1,387 | +€364 | +35.5% |
| Gross operating margin | 9900 | €10,359 | €6,663 | -€3,695 | -35.7% |
| Operating profit (loss) | 9901 | €6,054 | €2,289 | -€3,766 | -62.2% |
| Financial income | 75/76B | €178 | €103 | -€75 | -42.0% |
| Recurring financial income | 75 | €178 | €103 | -€75 | -42.0% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €460 | €53 | -€406 | -88.4% |
| Recurring financial charges | 65 | €460 | €53 | -€406 | -88.4% |
| Profit (loss) for the period before taxes | 9903 | €5,772 | €2,338 | -€3,434 | -59.5% |
| Income taxes | 67/77 | €354 | €273 | -€81 | -22.9% |
| Profit (loss) for the period | 9904 | €5,418 | €2,065 | -€3,353 | -61.9% |
| Profit (loss) for the period to be appropriated | 9905 | €5,418 | €2,065 | -€3,353 | -61.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.