De Vriendt K.: 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 K.
Largest movements
- Tangible fixed assets +€103,956
up €103,956 (+443%), from €23,469 to €127,425
of which Plant, machinery and equipment: +€91,268
- Receivables within one year +€36,720
up €36,720 (+500%), from €7,346 to €44,066
of which Trade receivables: +€40,046
- Stocks and contracts +€8,000
up €8,000 (+145%), from €5,500 to €13,500
of which Contracts in progress: +€8,000
- Cash +€5,637
up €5,637 (+1,126%), from €501 to €6,138
mainly Debts after one year (+€131,968) and Other debts (+€22,337)
- Deferred charges and accrued income +€1,996
up €1,996 (+798%), from €250 to €2,247
- Debts after one year +€131,968
new in 2025: €131,968
- Other debts +€22,337
up €22,337 (+1,832%), from €1,220 to €23,557
- Trade debts -€17,013
down €17,013 (-73.0%), from €23,312 to €6,298
- Current portion of long-term debt +€9,383
new in 2025: €9,383
- Reserves +€7,100
up €7,100 (+168%), from €4,234 to €11,334
- Gross operating margin +€43,903
up €43,903 (+459%), from €9,568 to €53,471
- Financial charges +€15,720
up €15,720 (+14,973%), from €105 to €15,825
- Staff costs +€15,029
new in 2025: €15,029
- Depreciation +€11,951
up €11,951 (+408%), from €2,931 to €14,882
- Taxes -€1,786
down €1,786 (-100%), from €1,786 to €0
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 | €37,066 | €195,331 | +€158,265 | +427% |
| Fixed assets | 21/28 | €23,469 | €129,380 | +€105,911 | +451% |
| Intangible fixed assets | 21 | - | €1,955 | +€1,955 | |
| Tangible fixed assets | 22/27 | €23,469 | €127,425 | +€103,956 | +443% |
| Plant, machinery and equipment | 23 | €23,469 | €114,737 | +€91,268 | +389% |
| Furniture and vehicles | 24 | - | €12,688 | +€12,688 | |
| Current assets | 29/58 | €13,597 | €65,951 | +€52,354 | +385% |
| Stocks and contracts in progress | 3 | €5,500 | €13,500 | +€8,000 | +145% |
| Stocks | 30/36 | €1,500 | €1,500 | = | 0.0% |
| Contracts in progress | 37 | €4,000 | €12,000 | +€8,000 | +200% |
| Amounts receivable within one year | 40/41 | €7,346 | €44,066 | +€36,720 | +500% |
| Trade receivables | 40 | €4,020 | €44,066 | +€40,046 | +996% |
| Other amounts receivable | 41 | €3,326 | €0 | -€3,326 | -100% |
| Cash at bank and in hand | 54/58 | €501 | €6,138 | +€5,637 | +1,126% |
| Deferred charges and accrued income | 490/1 | €250 | €2,247 | +€1,996 | +798% |
| Total equity and liabilities | 10/49 | €37,066 | €195,331 | +€158,265 | +427% |
| Equity | 10/15 | €9,234 | €16,334 | +€7,100 | +76.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €4,234 | €11,334 | +€7,100 | +168% |
| Distributable reserves | 133 | €4,234 | €11,334 | +€7,100 | +168% |
| Amounts payable | 17/49 | €27,832 | €178,997 | +€151,165 | +543% |
| Amounts payable after more than one year | 17 | - | €131,968 | +€131,968 | |
| Financial debts | 170/4 | - | €131,968 | +€131,968 | |
| Amounts payable within one year | 42/48 | €27,832 | €47,029 | +€19,197 | +69.0% |
| Current portion of amounts payable after more than one year | 42 | - | €9,383 | +€9,383 | |
| Trade debts | 44 | €23,312 | €6,298 | -€17,013 | -73.0% |
| Suppliers | 440/4 | €23,312 | €6,298 | -€17,013 | -73.0% |
| Taxes, remuneration and social security | 45 | €3,301 | €7,790 | +€4,490 | +136% |
| Taxes | 450/3 | €3,301 | €5,916 | +€2,615 | +79.2% |
| Remuneration and social security | 454/9 | - | €1,874 | +€1,874 | |
| Other amounts payable | 47/48 | €1,220 | €23,557 | +€22,337 | +1,832% |
| Remuneration, social security and pensions | 62 | - | €15,029 | +€15,029 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,931 | €14,882 | +€11,951 | +408% |
| Other operating charges | 640/8 | €512 | €724 | +€211 | +41.2% |
| Gross operating margin | 9900 | €9,568 | €53,471 | +€43,903 | +459% |
| Operating profit (loss) | 9901 | €6,125 | €22,837 | +€16,712 | +273% |
| Financial income | 75/76B | €0 | €88 | +€88 | +880,400% |
| Recurring financial income | 75 | €0 | €88 | +€88 | +880,400% |
| Financial charges | 65/66B | €105 | €15,825 | +€15,720 | +14,973% |
| Recurring financial charges | 65 | €105 | €15,825 | +€15,720 | +14,973% |
| Profit (loss) for the period before taxes | 9903 | €6,020 | €7,100 | +€1,080 | +17.9% |
| Income taxes | 67/77 | €1,786 | €0 | -€1,786 | -100% |
| Profit (loss) for the period | 9904 | €4,234 | €7,100 | +€2,866 | +67.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,234 | €7,100 | +€2,866 | +67.7% |
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 26 October 2026 via checked.be.