DE VRIESE PROJECTS: 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 VRIESE PROJECTS
Largest movements
- Receivables within one year +€194,353
up €194,353 (+20.9%), from €931,531 to €1.1m
of which Trade receivables: +€151,283
- Cash -€72,802
down €72,802 (-71.6%), from €101,711 to €28,909
mainly Receivables within one year (-€194,353) and Accrued charges and deferred income (-€144,030)
- Stocks and contracts -€27,485
down €27,485 (-35.2%), from €78,025 to €50,540
- Tangible fixed assets -€13,512
down €13,512 (-50.0%), from €27,041 to €13,529
of which Furniture and vehicles: -€12,536
- Accrued charges and deferred income -€144,030
down €144,030 (-96.7%), from €148,902 to €4,872
- Short-term financial debts +€100,000
new in 2025: €100,000
- Trade debts +€73,492
up €73,492 (+13.2%), from €555,168 to €628,660
- Reserves +€45,631
up €45,631 (+17.5%), from €260,434 to €306,065
of which Distributable reserves: +€45,631
- Staff costs -€54,490
down €54,490 (-78.9%), from €69,031 to €14,541
- Other operating charges +€15,885
up €15,885 (+135%), from €11,742 to €27,627
- Financial charges +€11,188
up €11,188 (+398%), from €2,808 to €13,996
- Taxes +€6,029
up €6,029 (+45.3%), from €13,299 to €19,328
- Gross operating margin -€3,822
down €3,822 (-2.8%), from €137,490 to €133,667
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 | €1,169,180 | €1,251,142 | +€81,961 | +7.0% |
| Fixed assets | 21/28 | €38,497 | €24,985 | -€13,512 | -35.1% |
| Tangible fixed assets | 22/27 | €27,041 | €13,529 | -€13,512 | -50.0% |
| Plant, machinery and equipment | 23 | €1,014 | €38 | -€976 | -96.3% |
| Furniture and vehicles | 24 | €26,027 | €13,491 | -€12,536 | -48.2% |
| Financial fixed assets | 28 | €11,456 | €11,456 | = | 0.0% |
| Current assets | 29/58 | €1,130,684 | €1,226,157 | +€95,473 | +8.4% |
| Stocks and contracts in progress | 3 | €78,025 | €50,540 | -€27,485 | -35.2% |
| Stocks | 30/36 | €78,025 | €50,540 | -€27,485 | -35.2% |
| Amounts receivable within one year | 40/41 | €931,531 | €1,125,884 | +€194,353 | +20.9% |
| Trade receivables | 40 | €641,605 | €792,888 | +€151,283 | +23.6% |
| Other amounts receivable | 41 | €289,925 | €332,996 | +€43,070 | +14.9% |
| Cash at bank and in hand | 54/58 | €101,711 | €28,909 | -€72,802 | -71.6% |
| Deferred charges and accrued income | 490/1 | €19,417 | €20,824 | +€1,407 | +7.2% |
| Total equity and liabilities | 10/49 | €1,169,180 | €1,251,142 | +€81,961 | +7.0% |
| Equity | 10/15 | €279,034 | €324,665 | +€45,631 | +16.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €260,434 | €306,065 | +€45,631 | +17.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €260,434 | €306,065 | +€45,631 | +17.5% |
| Amounts payable | 17/49 | €890,146 | €926,477 | +€36,330 | +4.1% |
| Amounts payable after more than one year | 17 | €100,000 | €100,000 | = | 0.0% |
| Financial debts | 170/4 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €641,244 | €821,605 | +€180,360 | +28.1% |
| Financial debts | 43 | - | €100,000 | +€100,000 | |
| Credit institutions | 430/8 | - | €100,000 | +€100,000 | |
| Trade debts | 44 | €555,168 | €628,660 | +€73,492 | +13.2% |
| Suppliers | 440/4 | €555,168 | €628,660 | +€73,492 | +13.2% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €33,576 | €43,445 | +€9,869 | +29.4% |
| Taxes | 450/3 | €26,860 | €36,728 | +€9,869 | +36.7% |
| Remuneration and social security | 454/9 | €6,717 | €6,717 | = | 0.0% |
| Other amounts payable | 47/48 | €52,500 | €49,500 | -€3,000 | -5.7% |
| Accrued charges and deferred income | 492/3 | €148,902 | €4,872 | -€144,030 | -96.7% |
| Remuneration, social security and pensions | 62 | €69,031 | €14,541 | -€54,490 | -78.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,249 | €13,388 | +€1,139 | +9.3% |
| Other operating charges | 640/8 | €11,742 | €27,627 | +€15,885 | +135% |
| Gross operating margin | 9900 | €137,490 | €133,667 | -€3,822 | -2.8% |
| Operating profit (loss) | 9901 | €44,469 | €78,112 | +€33,643 | +75.7% |
| Financial income | 75/76B | €781 | €843 | +€62 | +8.0% |
| Recurring financial income | 75 | €781 | €843 | +€62 | +8.0% |
| Financial charges | 65/66B | €2,808 | €13,996 | +€11,188 | +398% |
| Recurring financial charges | 65 | €2,808 | €13,996 | +€11,188 | +398% |
| Profit (loss) for the period before taxes | 9903 | €42,441 | €64,959 | +€22,518 | +53.1% |
| Income taxes | 67/77 | €13,299 | €19,328 | +€6,029 | +45.3% |
| Profit (loss) for the period | 9904 | €29,142 | €45,631 | +€16,488 | +56.6% |
| Profit (loss) for the period to be appropriated | 9905 | €29,142 | €45,631 | +€16,488 | +56.6% |
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 13 October 2026 via checked.be.