DE VRIJE VALK: what changed
DE VRIJE VALK
Largest movements
- Tangible fixed assets -€31,179
down €31,179 (-9.1%), from €343,185 to €312,006
of which Land and buildings: -€29,766
- Cash -€8,202
down €8,202 (-71.1%), from €11,532 to €3,329
mainly Debts after one year (-€56,016) and Net result for the year (-€40,550)
- Deferred charges and accrued income -€8,074
down €8,074 (-45.1%), from €17,887 to €9,813
- Other debts +€88,845
up €88,845 (+105%), from €84,774 to €173,619
- Debts after one year -€56,016
down €56,016 (-18.5%), from €303,476 to €247,460
- Profit (loss) carried forward -€40,550
down €40,550 (-28.3%), from -€143,069 to -€183,620
- Tax, wage and social debts -€31,768
down €31,768 (-64.3%), from €49,400 to €17,632
of which Remuneration and social security: -€31,481
- Trade debts -€7,404
down €7,404 (-43.8%), from €16,920 to €9,516
- Gross operating margin -€41,753
down €41,753 (-37.7%), from €110,694 to €68,941
- Staff costs -€7,942
down €7,942 (-11.1%), from €71,307 to €63,364
- Financial charges -€2,465
down €2,465 (-24.4%), from €10,089 to €7,624
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 | €381,293 | €334,400 | -€46,894 | -12.3% |
| Fixed assets | 21/28 | €343,185 | €312,006 | -€31,179 | -9.1% |
| Tangible fixed assets | 22/27 | €343,185 | €312,006 | -€31,179 | -9.1% |
| Land and buildings | 22 | €339,092 | €309,326 | -€29,766 | -8.8% |
| Plant, machinery and equipment | 23 | €3,885 | €2,680 | -€1,205 | -31.0% |
| Furniture and vehicles | 24 | €207 | - | -€207 | |
| Current assets | 29/58 | €38,109 | €22,394 | -€15,715 | -41.2% |
| Stocks and contracts in progress | 3 | €6,801 | €8,801 | +€2,000 | +29.4% |
| Stocks | 30/36 | €6,801 | €8,801 | +€2,000 | +29.4% |
| Amounts receivable within one year | 40/41 | €1,889 | €450 | -€1,439 | -76.2% |
| Other amounts receivable | 41 | €1,889 | €450 | -€1,439 | -76.2% |
| Cash at bank and in hand | 54/58 | €11,532 | €3,329 | -€8,202 | -71.1% |
| Deferred charges and accrued income | 490/1 | €17,887 | €9,813 | -€8,074 | -45.1% |
| Total equity and liabilities | 10/49 | €381,293 | €334,400 | -€46,894 | -12.3% |
| Equity | 10/15 | -€129,293 | -€169,843 | -€40,550 | -31.4% |
| Contributions | 10/11 | €13,700 | €13,700 | = | 0.0% |
| Reserves | 13 | €76 | €76 | = | 0.0% |
| Distributable reserves | 133 | €76 | €76 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€143,069 | -€183,620 | -€40,550 | -28.3% |
| Amounts payable | 17/49 | €510,587 | €504,243 | -€6,344 | -1.2% |
| Amounts payable after more than one year | 17 | €303,476 | €247,460 | -€56,016 | -18.5% |
| Financial debts | 170/4 | €303,476 | €247,460 | -€56,016 | -18.5% |
| Amounts payable within one year | 42/48 | €207,111 | €256,783 | +€49,673 | +24.0% |
| Current portion of amounts payable after more than one year | 42 | €56,016 | €56,016 | = | 0.0% |
| Trade debts | 44 | €16,920 | €9,516 | -€7,404 | -43.8% |
| Suppliers | 440/4 | €16,920 | €9,516 | -€7,404 | -43.8% |
| Taxes, remuneration and social security | 45 | €49,400 | €17,632 | -€31,768 | -64.3% |
| Taxes | 450/3 | €7,733 | €7,446 | -€287 | -3.7% |
| Remuneration and social security | 454/9 | €41,667 | €10,186 | -€31,481 | -75.6% |
| Other amounts payable | 47/48 | €84,774 | €173,619 | +€88,845 | +105% |
| Remuneration, social security and pensions | 62 | €71,307 | €63,364 | -€7,942 | -11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,663 | €31,179 | -€484 | -1.5% |
| Other operating charges | 640/8 | €7,430 | €6,887 | -€543 | -7.3% |
| Non-recurring operating charges | 66A | €5,198 | - | -€5,198 | |
| Gross operating margin | 9900 | €110,694 | €68,941 | -€41,753 | -37.7% |
| Operating profit (loss) | 9901 | -€4,903 | -€32,489 | -€27,586 | -563% |
| Financial income | 75/76B | €152 | - | -€152 | |
| Recurring financial income | 75 | €152 | - | -€152 | |
| Financial charges | 65/66B | €10,089 | €7,624 | -€2,465 | -24.4% |
| Recurring financial charges | 65 | €10,089 | €7,624 | -€2,465 | -24.4% |
| Profit (loss) for the period before taxes | 9903 | -€14,840 | -€40,113 | -€25,273 | -170% |
| Income taxes | 67/77 | €360 | €437 | +€77 | +21.4% |
| Profit (loss) for the period | 9904 | -€15,200 | -€40,550 | -€25,350 | -167% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,200 | -€40,550 | -€25,350 | -167% |
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 6 November 2026 via checked.be.