DE VRIES: 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 VRIES
Largest movements
- Stocks and contracts -€277,831
no longer reported in 2025 (was €277,831)
- Receivables within one year -€47,631
down €47,631 (-56.5%), from €84,343 to €36,712
- Tangible fixed assets -€43,769
down €43,769 (-8.6%), from €507,285 to €463,516
of which Land and buildings: -€27,926
- Current investments -€14,814
down €14,814 (-4.5%), from €327,258 to €312,445
- Cash +€13,855
up €13,855 (+208.6%), from €6,640 to €20,495
mainly Stocks and contracts (+€277,831) and Receivables within one year (+€47,631)
- Short-term financial debts -€261,750
no longer reported in 2025 (was €261,750)
- Other debts -€51,285
down €51,285 (-7.9%), from €651,081 to €599,797
- Profit (loss) carried forward -€42,055
down €42,055 (-37.2%), from €112,950 to €70,896
- Gross operating margin +€39,961
up €39,961 (+89.6%), from -€44,578 to -€4,617
- Depreciation -€19,449
down €19,449 (-35.9%), from €54,236 to €34,787
- Financial charges -€14,043
down €14,043 (-75.1%), from €18,689 to €4,646
- Financial income -€7,311
down €7,311 (-50.4%), from €14,498 to €7,187
of which Non-recurring financial income: -€12,774
- Other operating charges -€7,291
down €7,291 (-75.0%), from €9,726 to €2,435
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 | €1,216,523 | €848,540 | -€367,983 | -30.2% |
| Fixed assets | 21/28 | €519,285 | €475,516 | -€43,769 | -8.4% |
| Tangible fixed assets | 22/27 | €507,285 | €463,516 | -€43,769 | -8.6% |
| Land and buildings | 22 | €459,401 | €431,475 | -€27,926 | -6.1% |
| Plant, machinery and equipment | 23 | €1,001 | €645 | -€357 | -35.6% |
| Furniture and vehicles | 24 | €46,882 | €31,396 | -€15,487 | -33.0% |
| Financial fixed assets | 28 | €12,000 | €12,000 | = | 0.0% |
| Current assets | 29/58 | €697,238 | €373,024 | -€324,214 | -46.5% |
| Stocks and contracts in progress | 3 | €277,831 | - | -€277,831 | |
| Stocks | 30/36 | €277,831 | - | -€277,831 | |
| Amounts receivable within one year | 40/41 | €84,343 | €36,712 | -€47,631 | -56.5% |
| Other amounts receivable | 41 | €84,343 | €36,712 | -€47,631 | -56.5% |
| Current investments | 50/53 | €327,258 | €312,445 | -€14,814 | -4.5% |
| Cash at bank and in hand | 54/58 | €6,640 | €20,495 | +€13,855 | +208.6% |
| Deferred charges and accrued income | 490/1 | €1,165 | €3,372 | +€2,207 | +189.3% |
| Total equity and liabilities | 10/49 | €1,216,523 | €848,540 | -€367,983 | -30.2% |
| Equity | 10/15 | €243,200 | €201,146 | -€42,055 | -17.3% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €65,250 | €65,250 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,500 | €6,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,500 | €6,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €112,950 | €70,896 | -€42,055 | -37.2% |
| Provisions and deferred taxes | 16 | €23,000 | €23,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €23,000 | €23,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €23,000 | €23,000 | = | 0.0% |
| Amounts payable | 17/49 | €950,323 | €624,394 | -€325,928 | -34.3% |
| Amounts payable after more than one year | 17 | €20,055 | €10,077 | -€9,978 | -49.8% |
| Financial debts | 170/4 | €20,055 | €10,077 | -€9,978 | -49.8% |
| Amounts payable within one year | 42/48 | €930,268 | €614,317 | -€315,951 | -34.0% |
| Current portion of amounts payable after more than one year | 42 | €11,189 | €9,978 | -€1,211 | -10.8% |
| Financial debts | 43 | €261,750 | - | -€261,750 | |
| Credit institutions | 430/8 | €261,750 | - | -€261,750 | |
| Trade debts | 44 | - | €602 | +€602 | |
| Suppliers | 440/4 | - | €602 | +€602 | |
| Taxes, remuneration and social security | 45 | €6,248 | €3,941 | -€2,307 | -36.9% |
| Taxes | 450/3 | €6,248 | €3,941 | -€2,307 | -36.9% |
| Other amounts payable | 47/48 | €651,081 | €599,797 | -€51,285 | -7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,236 | €34,787 | -€19,449 | -35.9% |
| Other operating charges | 640/8 | €9,726 | €2,435 | -€7,291 | -75.0% |
| Non-recurring operating charges | 66A | - | €1,167 | +€1,167 | |
| Gross operating margin | 9900 | -€44,578 | -€4,617 | +€39,961 | +89.6% |
| Operating profit (loss) | 9901 | -€108,540 | -€43,006 | +€65,534 | +60.4% |
| Financial income | 75/76B | €14,498 | €7,187 | -€7,311 | -50.4% |
| Recurring financial income | 75 | €1,724 | €7,187 | +€5,463 | +316.8% |
| Non-recurring financial income | 76B | €12,774 | - | -€12,774 | |
| Financial charges | 65/66B | €18,689 | €4,646 | -€14,043 | -75.1% |
| Recurring financial charges | 65 | €18,689 | €4,646 | -€14,043 | -75.1% |
| Profit (loss) for the period before taxes | 9903 | -€112,730 | -€40,465 | +€72,266 | +64.1% |
| Transfer from deferred taxes | 780 | €2,832 | - | -€2,832 | |
| Income taxes | 67/77 | €2,565 | €1,590 | -€975 | -38.0% |
| Profit (loss) for the period | 9904 | -€112,464 | -€42,055 | +€70,409 | +62.6% |
| Transfer from tax-exempt reserves | 789 | €11,049 | - | -€11,049 | |
| Profit (loss) for the period to be appropriated | 9905 | -€101,415 | -€42,055 | +€59,360 | +58.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.