DE VRIJ: what changed
DE VRIJ
Largest movements
- Tangible fixed assets +€22,014
up €22,014 (+135%), from €16,292 to €38,306
of which Other tangible fixed assets: +€23,692
- Cash -€8,992
down €8,992 (-6.6%), from €136,367 to €127,375
mainly Contributions, distributions and other (-€34,047) and Investment in fixed assets (net) (-€28,207)
- Receivables within one year -€8,677
down €8,677 (-49.9%), from €17,397 to €8,721
of which Trade receivables: -€8,677
- Stocks and contracts +€5,565
up €5,565 (+15.7%), from €35,372 to €40,937
- Reserves +€16,261
up €16,261 (+12.3%), from €131,751 to €148,012
- Trade debts -€9,788
down €9,788 (-45.6%), from €21,467 to €11,678
- Gross operating margin +€41,079
up €41,079 (+22.4%), from €183,092 to €224,171
- Taxes +€14,675
up €14,675 (+117%), from €12,492 to €27,167
- Staff costs -€7,609
down €7,609 (-5.3%), from €143,289 to €135,681
- Depreciation +€2,391
up €2,391 (+58.2%), from €4,110 to €6,501
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €210,240 | €217,857 | +€7,618 | +3.6% |
| Fixed assets | 21/28 | €17,722 | €39,429 | +€21,707 | +122% |
| Intangible fixed assets | 21 | €1,430 | €1,122 | -€307 | -21.5% |
| Tangible fixed assets | 22/27 | €16,292 | €38,306 | +€22,014 | +135% |
| Furniture and vehicles | 24 | €3,154 | €1,476 | -€1,678 | -53.2% |
| Other tangible fixed assets | 26 | €13,138 | €36,830 | +€23,692 | +180% |
| Current assets | 29/58 | €192,518 | €178,429 | -€14,089 | -7.3% |
| Stocks and contracts in progress | 3 | €35,372 | €40,937 | +€5,565 | +15.7% |
| Stocks | 30/36 | €35,372 | €40,937 | +€5,565 | +15.7% |
| Amounts receivable within one year | 40/41 | €17,397 | €8,721 | -€8,677 | -49.9% |
| Trade receivables | 40 | €17,397 | €8,721 | -€8,677 | -49.9% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €136,367 | €127,375 | -€8,992 | -6.6% |
| Deferred charges and accrued income | 490/1 | €3,381 | €1,397 | -€1,985 | -58.7% |
| Total equity and liabilities | 10/49 | €210,240 | €217,857 | +€7,618 | +3.6% |
| Equity | 10/15 | €144,031 | €160,292 | +€16,261 | +11.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €131,751 | €148,012 | +€16,261 | +12.3% |
| Distributable reserves | 133 | €131,751 | €148,012 | +€16,261 | +12.3% |
| Profit (loss) carried forward | 14 | €6,080 | €6,080 | = | 0.0% |
| Amounts payable | 17/49 | €66,208 | €57,565 | -€8,643 | -13.1% |
| Amounts payable within one year | 42/48 | €66,208 | €57,565 | -€8,643 | -13.1% |
| Trade debts | 44 | €21,467 | €11,678 | -€9,788 | -45.6% |
| Suppliers | 440/4 | €21,467 | €11,678 | -€9,788 | -45.6% |
| Taxes, remuneration and social security | 45 | €39,890 | €41,255 | +€1,366 | +3.4% |
| Taxes | 450/3 | €27,773 | €33,806 | +€6,034 | +21.7% |
| Remuneration and social security | 454/9 | €12,117 | €7,449 | -€4,668 | -38.5% |
| Other amounts payable | 47/48 | €4,852 | €4,632 | -€220 | -4.5% |
| Remuneration, social security and pensions | 62 | €143,289 | €135,681 | -€7,609 | -5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,110 | €6,501 | +€2,391 | +58.2% |
| Other operating charges | 640/8 | €513 | €520 | +€6 | +1.2% |
| Gross operating margin | 9900 | €183,092 | €224,171 | +€41,079 | +22.4% |
| Operating profit (loss) | 9901 | €35,180 | €81,470 | +€46,290 | +132% |
| Financial income | 75/76B | €59 | €69 | +€11 | +18.5% |
| Recurring financial income | 75 | €59 | €69 | +€11 | +18.5% |
| Financial charges | 65/66B | €2,180 | €4,065 | +€1,886 | +86.5% |
| Recurring financial charges | 65 | €2,180 | €4,065 | +€1,886 | +86.5% |
| Profit (loss) for the period before taxes | 9903 | €33,058 | €77,474 | +€44,415 | +134% |
| Income taxes | 67/77 | €12,492 | €27,167 | +€14,675 | +117% |
| Profit (loss) for the period | 9904 | €20,566 | €50,307 | +€29,741 | +145% |
| Profit (loss) for the period to be appropriated | 9905 | €20,566 | €50,307 | +€29,741 | +145% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.