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
- Cash -€61,055
down €61,055 (-80.8%), from €75,534 to €14,479
mainly Debts after one year (-€215,467) and Net result for the year (-€28,236)
- Tangible fixed assets -€20,184
down €20,184 (-4.9%), from €415,430 to €395,246
of which Land and buildings: -€16,366
- Current investments -€19,787
down €19,787 (-76.5%), from €25,883 to €6,095
- Receivables within one year -€7,651
down €7,651 (-6.8%), from €112,287 to €104,636
- Debts after one year -€215,467
down €215,467 (-48.4%), from €445,627 to €230,160
- Current portion of long-term debt +€125,479
up €125,479 (+816%), from €15,375 to €140,854
- Profit (loss) carried forward -€28,236
down €28,236 (-82.0%), from -€34,453 to -€62,689
- Tax, wage and social debts +€6,479
up €6,479 (+66.6%), from €9,731 to €16,210
of which Remuneration and social security: +€6,479
- Staff costs +€42,295
up €42,295 (+767%), from €5,517 to €47,813
- Other operating charges -€39,203
down €39,203 (-93.7%), from €41,831 to €2,628
- Gross operating margin +€30,212
up €30,212 (+65.3%), from €46,282 to €76,495
- Turnover +€19,644
up €19,644 (+12.5%), from €156,981 to €176,624
- Purchases and services -€7,348
down €7,348 (-6.3%), from €115,886 to €108,538
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 | €637,247 | €530,380 | -€106,867 | -16.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €420,430 | €400,246 | -€20,184 | -4.8% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €415,430 | €395,246 | -€20,184 | -4.9% |
| Land and buildings | 22 | €398,198 | €381,832 | -€16,366 | -4.1% |
| Plant, machinery and equipment | 23 | €1,554 | €2,891 | +€1,337 | +86.0% |
| Furniture and vehicles | 24 | €15,678 | €10,523 | -€5,155 | -32.9% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €216,817 | €130,134 | -€86,683 | -40.0% |
| Amounts receivable within one year | 40/41 | €112,287 | €104,636 | -€7,651 | -6.8% |
| Other amounts receivable | 41 | €112,287 | €104,636 | -€7,651 | -6.8% |
| Current investments | 50/53 | €25,883 | €6,095 | -€19,787 | -76.5% |
| Cash at bank and in hand | 54/58 | €75,534 | €14,479 | -€61,055 | -80.8% |
| Deferred charges and accrued income | 490/1 | €3,114 | €4,923 | +€1,810 | +58.1% |
| Total equity and liabilities | 10/49 | €637,247 | €530,380 | -€106,867 | -16.8% |
| Equity | 10/15 | €126,997 | €98,761 | -€28,236 | -22.2% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €140,990 | €140,990 | = | 0.0% |
| Tax-exempt reserves | 132 | €140,990 | €140,990 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,453 | -€62,689 | -€28,236 | -82.0% |
| Provisions and deferred taxes | 16 | €27,500 | €27,500 | = | 0.0% |
| Deferred taxes | 168 | €27,500 | €27,500 | = | 0.0% |
| Amounts payable | 17/49 | €482,750 | €404,119 | -€78,631 | -16.3% |
| Amounts payable after more than one year | 17 | €445,627 | €230,160 | -€215,467 | -48.4% |
| Financial debts | 170/4 | €445,627 | €230,160 | -€215,467 | -48.4% |
| Amounts payable within one year | 42/48 | €32,688 | €167,359 | +€134,671 | +412% |
| Current portion of amounts payable after more than one year | 42 | €15,375 | €140,854 | +€125,479 | +816% |
| Trade debts | 44 | €7,582 | €10,295 | +€2,713 | +35.8% |
| Suppliers | 440/4 | €7,582 | €10,295 | +€2,713 | +35.8% |
| Taxes, remuneration and social security | 45 | €9,731 | €16,210 | +€6,479 | +66.6% |
| Taxes | 450/3 | €0 | €0 | = | |
| Remuneration and social security | 454/9 | €9,731 | €16,210 | +€6,479 | +66.6% |
| Accrued charges and deferred income | 492/3 | €4,435 | €6,600 | +€2,165 | +48.8% |
| Turnover | 70 | €156,981 | €176,624 | +€19,644 | +12.5% |
| Non-recurring operating income | 76A | €9,846 | - | -€9,846 | |
| Goods, raw materials, services and sundry goods | 60/61 | €115,886 | €108,538 | -€7,348 | -6.3% |
| Remuneration, social security and pensions | 62 | €5,517 | €47,813 | +€42,295 | +767% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,785 | €23,625 | +€4,840 | +25.8% |
| Other operating charges | 640/8 | €41,831 | €2,628 | -€39,203 | -93.7% |
| Operating charges capitalised as restructuring costs | 649 | €0 | - | = | |
| Non-recurring operating charges | 66A | €50 | €1,011 | +€961 | +1,923% |
| Gross operating margin | 9900 | €46,282 | €76,495 | +€30,212 | +65.3% |
| Operating profit (loss) | 9901 | -€19,901 | €1,418 | +€21,319 | |
| Financial income | 75/76B | €785 | €94 | -€691 | -88.1% |
| Recurring financial income | 75 | €785 | €94 | -€691 | -88.1% |
| Financial charges | 65/66B | €28,710 | €25,715 | -€2,995 | -10.4% |
| Recurring financial charges | 65 | €28,710 | €25,715 | -€2,995 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | -€47,826 | -€24,203 | +€23,622 | +49.4% |
| Income taxes | 67/77 | €332 | €4,033 | +€3,701 | +1,113% |
| Profit (loss) for the period | 9904 | -€48,158 | -€28,236 | +€19,922 | +41.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€48,158 | -€28,236 | +€19,922 | +41.4% |
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 17 October 2026 via checked.be.