De Vrijdomskaai: 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 Vrijdomskaai
Largest movements
- Tangible fixed assets +€415,974
up €415,974 (+3.6%), from €11.7m to €12.1m
of which Assets under construction and advance payments: +€431,999
- Receivables within one year -€281,750
down €281,750 (-45.8%), from €615,024 to €333,274
of which Other amounts receivable: -€281,857
- Debts after one year +€298,973
up €298,973 (+2.5%), from €11.9m to €12.2m
- Gross operating margin +€69,784
up €69,784, from -€23,872 to €45,912
- Other operating charges +€43,438
up €43,438 (+59.0%), from €73,637 to €117,075
- Financial income -€17,594
down €17,594 (-63.6%), from €27,663 to €10,069
- Taxes +€17,347
new in 2025: €17,347
- Purchases and services -€9,588
down €9,588 (-30.8%), from €31,096 to €21,507
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 | €12,377,712 | €12,536,900 | +€159,187 | +1.3% |
| Fixed assets | 21/28 | €11,698,135 | €12,114,109 | +€415,974 | +3.6% |
| Tangible fixed assets | 22/27 | €11,698,135 | €12,114,109 | +€415,974 | +3.6% |
| Land and buildings | 22 | €8,975,615 | €8,959,590 | -€16,025 | -0.2% |
| Assets under construction and advance payments | 27 | €2,722,520 | €3,154,519 | +€431,999 | +15.9% |
| Current assets | 29/58 | €679,577 | €422,791 | -€256,786 | -37.8% |
| Amounts receivable within one year | 40/41 | €615,024 | €333,274 | -€281,750 | -45.8% |
| Trade receivables | 40 | €15,972 | €16,079 | +€107 | +0.7% |
| Other amounts receivable | 41 | €599,052 | €317,195 | -€281,857 | -47.1% |
| Cash at bank and in hand | 54/58 | €63,649 | €89,517 | +€25,867 | +40.6% |
| Deferred charges and accrued income | 490/1 | €904 | - | -€904 | |
| Total equity and liabilities | 10/49 | €12,377,712 | €12,536,900 | +€159,187 | +1.3% |
| Equity | 10/15 | €259,843 | €164,365 | -€95,479 | -36.7% |
| Contributions | 10/11 | €2,564,000 | €2,564,000 | = | 0.0% |
| Capital | 10 | €2,564,000 | €2,564,000 | = | 0.0% |
| Issued capital | 100 | €2,564,000 | €2,564,000 | = | 0.0% |
| Revaluation surpluses | 12 | €375,000 | €375,000 | = | 0.0% |
| Reserves | 13 | €80,680 | €80,680 | = | 0.0% |
| Non-distributable reserves | 130/1 | €56,993 | €56,993 | = | 0.0% |
| Legal reserve | 130 | €56,993 | €56,993 | = | 0.0% |
| Tax-exempt reserves | 132 | €17,305 | €17,305 | = | 0.0% |
| Distributable reserves | 133 | €6,383 | €6,383 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,759,837 | -€2,855,316 | -€95,479 | -3.5% |
| Amounts payable | 17/49 | €12,117,869 | €12,372,535 | +€254,666 | +2.1% |
| Amounts payable after more than one year | 17 | €11,928,687 | €12,227,660 | +€298,973 | +2.5% |
| Financial debts | 170/4 | €11,928,687 | €12,227,660 | +€298,973 | +2.5% |
| Amounts payable within one year | 42/48 | €189,182 | €144,875 | -€44,307 | -23.4% |
| Trade debts | 44 | €117,691 | €144,875 | +€27,183 | +23.1% |
| Suppliers | 440/4 | €117,691 | €144,875 | +€27,183 | +23.1% |
| Taxes, remuneration and social security | 45 | €71,491 | - | -€71,491 | |
| Taxes | 450/3 | €71,491 | - | -€71,491 | |
| Turnover | 70 | €1,804 | €5,905 | +€4,101 | +227% |
| Non-recurring operating income | 76A | - | €61,514 | +€61,514 | |
| Goods, raw materials, services and sundry goods | 60/61 | €31,096 | €21,507 | -€9,588 | -30.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,025 | €16,025 | = | 0.0% |
| Other operating charges | 640/8 | €73,637 | €117,075 | +€43,438 | +59.0% |
| Gross operating margin | 9900 | -€23,872 | €45,912 | +€69,784 | |
| Operating profit (loss) | 9901 | -€113,534 | -€87,187 | +€26,347 | +23.2% |
| Financial income | 75/76B | €27,663 | €10,069 | -€17,594 | -63.6% |
| Recurring financial income | 75 | €27,663 | €10,069 | -€17,594 | -63.6% |
| Financial charges | 65/66B | €1,284 | €1,013 | -€271 | -21.1% |
| Recurring financial charges | 65 | €1,284 | €1,013 | -€271 | -21.1% |
| Profit (loss) for the period before taxes | 9903 | -€87,155 | -€78,132 | +€9,023 | +10.4% |
| Income taxes | 67/77 | - | €17,347 | +€17,347 | |
| Profit (loss) for the period | 9904 | -€87,155 | -€95,479 | -€8,324 | -9.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€87,155 | -€95,479 | -€8,324 | -9.6% |
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 30 October 2026 via checked.be.