DE VRIENDT: 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 VRIENDT
Largest movements
- Tangible fixed assets -€113,487
down €113,487 (-97.6%), from €116,299 to €2,811
of which Land and buildings: -€112,777
- Cash +€36,206
up €36,206 (+594%), from €6,095 to €42,301
mainly Investment in fixed assets (net) (+€110,434) and Net result for the year (+€20,312)
- Receivables within one year -€8,667
down €8,667 (-40.5%), from €21,421 to €12,754
of which Trade receivables: -€10,215
- Stocks and contracts -€2,355
down €2,355 (-37.5%), from €6,283 to €3,928
- Debts after one year -€110,240
down €110,240 (-100%), from €110,240 to €0
- Reserves +€20,312
up €20,312 (+101%), from €20,091 to €40,403
- Tax, wage and social debts +€7,779
up €7,779 (+122%), from €6,400 to €14,179
- Current portion of long-term debt -€5,999
down €5,999 (-100%), from €5,999 to €0
- Contributions -€3,000
down €3,000 (-60.0%), from €5,000 to €2,000
- Gross operating margin +€23,946
up €23,946 (+161%), from €14,835 to €38,781
- Taxes +€10,779
up €10,779 (+5,396%), from €200 to €10,979
- Depreciation -€6,874
down €6,874 (-69.2%), from €9,927 to €3,053
- Financial charges +€646
up €646 (+27.3%), from €2,363 to €3,008
- Other operating charges -€602
down €602 (-23.9%), from €2,513 to €1,911
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 | €152,748 | €64,701 | -€88,047 | -57.6% |
| Fixed assets | 21/28 | €116,299 | €2,811 | -€113,487 | -97.6% |
| Tangible fixed assets | 22/27 | €116,299 | €2,811 | -€113,487 | -97.6% |
| Land and buildings | 22 | €112,777 | €0 | -€112,777 | -100% |
| Plant, machinery and equipment | 23 | €1,158 | €1,582 | +€424 | +36.6% |
| Furniture and vehicles | 24 | €2,363 | €1,229 | -€1,134 | -48.0% |
| Current assets | 29/58 | €36,450 | €61,890 | +€25,440 | +69.8% |
| Stocks and contracts in progress | 3 | €6,283 | €3,928 | -€2,355 | -37.5% |
| Stocks | 30/36 | €6,283 | €3,928 | -€2,355 | -37.5% |
| Amounts receivable within one year | 40/41 | €21,421 | €12,754 | -€8,667 | -40.5% |
| Trade receivables | 40 | €20,259 | €10,044 | -€10,215 | -50.4% |
| Other amounts receivable | 41 | €1,162 | €2,711 | +€1,548 | +133% |
| Cash at bank and in hand | 54/58 | €6,095 | €42,301 | +€36,206 | +594% |
| Deferred charges and accrued income | 490/1 | €2,651 | €2,907 | +€257 | +9.7% |
| Total equity and liabilities | 10/49 | €152,748 | €64,701 | -€88,047 | -57.6% |
| Equity | 10/15 | €25,091 | €42,403 | +€17,312 | +69.0% |
| Contributions | 10/11 | €5,000 | €2,000 | -€3,000 | -60.0% |
| Reserves | 13 | €20,091 | €40,403 | +€20,312 | +101% |
| Distributable reserves | 133 | €20,091 | €40,403 | +€20,312 | +101% |
| Amounts payable | 17/49 | €127,657 | €22,298 | -€105,359 | -82.5% |
| Amounts payable after more than one year | 17 | €110,240 | €0 | -€110,240 | -100% |
| Financial debts | 170/4 | €110,240 | €0 | -€110,240 | -100% |
| Amounts payable within one year | 42/48 | €17,417 | €22,298 | +€4,881 | +28.0% |
| Current portion of amounts payable after more than one year | 42 | €5,999 | €0 | -€5,999 | -100% |
| Trade debts | 44 | €2,101 | €5,094 | +€2,993 | +142% |
| Suppliers | 440/4 | €2,101 | €5,094 | +€2,993 | +142% |
| Taxes, remuneration and social security | 45 | €6,400 | €14,179 | +€7,779 | +122% |
| Taxes | 450/3 | €6,400 | €14,179 | +€7,779 | +122% |
| Other amounts payable | 47/48 | €2,918 | €3,025 | +€108 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,927 | €3,053 | -€6,874 | -69.2% |
| Other operating charges | 640/8 | €2,513 | €1,911 | -€602 | -23.9% |
| Gross operating margin | 9900 | €14,835 | €38,781 | +€23,946 | +161% |
| Operating profit (loss) | 9901 | €2,396 | €33,817 | +€31,422 | +1,312% |
| Financial income | 75/76B | €124 | €482 | +€358 | +288% |
| Recurring financial income | 75 | €124 | €482 | +€358 | +288% |
| Financial charges | 65/66B | €2,363 | €3,008 | +€646 | +27.3% |
| Recurring financial charges | 65 | €2,363 | €3,008 | +€646 | +27.3% |
| Profit (loss) for the period before taxes | 9903 | €157 | €31,291 | +€31,134 | +19,818% |
| Income taxes | 67/77 | €200 | €10,979 | +€10,779 | +5,396% |
| Profit (loss) for the period | 9904 | -€43 | €20,312 | +€20,355 | |
| Profit (loss) for the period to be appropriated | 9905 | -€43 | €20,312 | +€20,355 |
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.