De Vrije: 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 Vrije
Largest movements
- Cash -€210,200
down €210,200 (-99.7%), from €210,840 to €640
mainly Current investments (-€180,000) and Investment in fixed assets (net) (-€33,506)
- Current investments +€180,000
new in 2025: €180,000
- Financial fixed assets +€33,506
up €33,506 (+31.1%), from €107,713 to €141,219
- Reserves +€4,172
up €4,172 (+13.4%), from €31,233 to €35,405
of which Distributable reserves: +€4,172
- Gross operating margin -€4,729
down €4,729, from €2,280 to -€2,449
- Financial income +€3,311
up €3,311 (+60.8%), from €5,447 to €8,758
- Taxes -€342
down €342 (-19.3%), from €1,771 to €1,429
- Financial charges -€150
down €150 (-45.4%), from €330 to €180
- Other operating charges -€100
down €100 (-16.0%), from €628 to €528
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 | €320,184 | €321,858 | +€1,675 | +0.5% |
| Fixed assets | 21/28 | €107,713 | €141,219 | +€33,506 | +31.1% |
| Financial fixed assets | 28 | €107,713 | €141,219 | +€33,506 | +31.1% |
| Current assets | 29/58 | €212,471 | €180,640 | -€31,831 | -15.0% |
| Current investments | 50/53 | - | €180,000 | +€180,000 | |
| Cash at bank and in hand | 54/58 | €210,840 | €640 | -€210,200 | -99.7% |
| Deferred charges and accrued income | 490/1 | €1,630 | €0 | -€1,630 | -100% |
| Total equity and liabilities | 10/49 | €320,184 | €321,858 | +€1,675 | +0.5% |
| Equity | 10/15 | €293,233 | €297,405 | +€4,172 | +1.4% |
| Contributions | 10/11 | €262,000 | €262,000 | = | 0.0% |
| Capital | 10 | €262,000 | €262,000 | = | 0.0% |
| Issued capital | 100 | €262,000 | €262,000 | = | 0.0% |
| Reserves | 13 | €31,233 | €35,405 | +€4,172 | +13.4% |
| Non-distributable reserves | 130/1 | €26,200 | €26,200 | = | 0.0% |
| Legal reserve | 130 | €26,200 | €26,200 | = | 0.0% |
| Distributable reserves | 133 | €5,033 | €9,205 | +€4,172 | +82.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €26,950 | €24,453 | -€2,497 | -9.3% |
| Amounts payable within one year | 42/48 | €26,950 | €24,453 | -€2,497 | -9.3% |
| Trade debts | 44 | €26,000 | €24,000 | -€2,000 | -7.7% |
| Suppliers | 440/4 | €26,000 | €24,000 | -€2,000 | -7.7% |
| Taxes, remuneration and social security | 45 | €950 | €453 | -€497 | -52.3% |
| Taxes | 450/3 | €950 | €453 | -€497 | -52.3% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Other operating charges | 640/8 | €628 | €528 | -€100 | -16.0% |
| Gross operating margin | 9900 | €2,280 | -€2,449 | -€4,729 | |
| Operating profit (loss) | 9901 | €1,652 | -€2,977 | -€4,628 | |
| Financial income | 75/76B | €5,447 | €8,758 | +€3,311 | +60.8% |
| Recurring financial income | 75 | €5,447 | €8,758 | +€3,311 | +60.8% |
| Financial charges | 65/66B | €330 | €180 | -€150 | -45.4% |
| Recurring financial charges | 65 | €330 | €180 | -€150 | -45.4% |
| Profit (loss) for the period before taxes | 9903 | €6,768 | €5,601 | -€1,167 | -17.2% |
| Income taxes | 67/77 | €1,771 | €1,429 | -€342 | -19.3% |
| Profit (loss) for the period | 9904 | €4,998 | €4,172 | -€826 | -16.5% |
| Profit (loss) for the period to be appropriated | 9905 | €4,998 | €4,172 | -€826 | -16.5% |
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 25 October 2026 via checked.be.