DE VROE: what changed
Two fiscal 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 VROE
Largest movements
- Stocks and contracts -€43,868
down €43,868 (-9.5%), from €460,640 to €416,772
- Cash +€35,969
up €35,969 (+224.8%), from €16,002 to €51,971
mainly Stocks and contracts (+€43,868) and Depreciation (+€16,280)
- Tangible fixed assets -€16,280
down €16,280 (-4.5%), from €361,207 to €344,927
of which Land and buildings: -€14,454
- Debts after one year -€16,394
down €16,394 (-7.2%), from €228,330 to €211,935
- Reserves +€10,749
up €10,749 (+4.9%), from €221,319 to €232,068
of which Distributable reserves: +€10,749
- Financial charges -€1,921
down €1,921 (-6.7%), from €28,689 to €26,767
- Taxes +€1,596
up €1,596 (+26.6%), from €6,011 to €7,608
- Gross operating margin -€942
down €942 (-1.3%), from €73,576 to €72,634
- Other operating charges -€841
down €841 (-12.2%), from €6,894 to €6,054
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.
Cash bridge derived
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 | €842,883 | €820,687 | -€22,195 | -2.6% |
| Fixed assets | 21/28 | €361,382 | €345,102 | -€16,280 | -4.5% |
| Tangible fixed assets | 22/27 | €361,207 | €344,927 | -€16,280 | -4.5% |
| Land and buildings | 22 | €351,173 | €336,719 | -€14,454 | -4.1% |
| Plant, machinery and equipment | 23 | €7,157 | €6,362 | -€795 | -11.1% |
| Furniture and vehicles | 24 | €2,877 | €1,846 | -€1,031 | -35.8% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €481,500 | €475,585 | -€5,915 | -1.2% |
| Stocks and contracts in progress | 3 | €460,640 | €416,772 | -€43,868 | -9.5% |
| Stocks | 30/36 | €460,640 | €416,772 | -€43,868 | -9.5% |
| Amounts receivable within one year | 40/41 | €2,519 | €4,496 | +€1,977 | +78.5% |
| Trade receivables | 40 | - | €1,000 | +€1,000 | |
| Other amounts receivable | 41 | €2,519 | €3,496 | +€977 | +38.8% |
| Cash at bank and in hand | 54/58 | €16,002 | €51,971 | +€35,969 | +224.8% |
| Deferred charges and accrued income | 490/1 | €2,340 | €2,346 | +€6 | +0.3% |
| Total equity and liabilities | 10/49 | €842,883 | €820,687 | -€22,195 | -2.6% |
| Equity | 10/15 | €239,911 | €250,660 | +€10,749 | +4.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €221,319 | €232,068 | +€10,749 | +4.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €221,319 | €232,068 | +€10,749 | +4.9% |
| Amounts payable | 17/49 | €602,972 | €570,027 | -€32,945 | -5.5% |
| Amounts payable after more than one year | 17 | €228,330 | €211,935 | -€16,394 | -7.2% |
| Financial debts | 170/4 | €228,330 | €211,935 | -€16,394 | -7.2% |
| Amounts payable within one year | 42/48 | €359,282 | €343,729 | -€15,552 | -4.3% |
| Current portion of amounts payable after more than one year | 42 | €15,968 | €16,394 | +€426 | +2.7% |
| Financial debts | 43 | €80,000 | €80,000 | = | 0.0% |
| Credit institutions | 430/8 | €80,000 | €80,000 | = | 0.0% |
| Trade debts | 44 | €13,295 | €5,611 | -€7,684 | -57.8% |
| Suppliers | 440/4 | €13,295 | €5,611 | -€7,684 | -57.8% |
| Taxes, remuneration and social security | 45 | €9,486 | €7,594 | -€1,892 | -19.9% |
| Taxes | 450/3 | €2,507 | €484 | -€2,022 | -80.7% |
| Remuneration and social security | 454/9 | €6,979 | €7,109 | +€130 | +1.9% |
| Other amounts payable | 47/48 | €240,532 | €234,130 | -€6,402 | -2.7% |
| Accrued charges and deferred income | 492/3 | €15,360 | €14,362 | -€998 | -6.5% |
| Remuneration, social security and pensions | 62 | €6,489 | €6,425 | -€64 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,280 | €16,280 | = | 0.0% |
| Other operating charges | 640/8 | €6,894 | €6,054 | -€841 | -12.2% |
| Gross operating margin | 9900 | €73,576 | €72,634 | -€942 | -1.3% |
| Operating profit (loss) | 9901 | €43,912 | €43,875 | -€37 | -0.1% |
| Financial income | 75/76B | €1,067 | €1,250 | +€183 | +17.1% |
| Recurring financial income | 75 | €1,067 | €1,250 | +€183 | +17.1% |
| Financial charges | 65/66B | €28,689 | €26,767 | -€1,921 | -6.7% |
| Recurring financial charges | 65 | €28,689 | €26,767 | -€1,921 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | €16,290 | €18,357 | +€2,067 | +12.7% |
| Income taxes | 67/77 | €6,011 | €7,608 | +€1,596 | +26.6% |
| Profit (loss) for the period | 9904 | €10,279 | €10,749 | +€470 | +4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €10,279 | €10,749 | +€470 | +4.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.