DE VROENTE: 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 VROENTE
Largest movements
- Receivables within one year +€17,344
up €17,344 (+123%), from €14,106 to €31,450
of which Other amounts receivable: +€14,068
- Cash -€8,964
down €8,964 (-11.4%), from €78,491 to €69,528
mainly Trade debts (-€29,136) and Tax, wage and social debts (-€17,469)
- Tangible fixed assets -€8,114
down €8,114 (-13.5%), from €59,943 to €51,829
of which Plant, machinery and equipment: -€10,990
- Deferred charges and accrued income -€2,476
down €2,476 (-100%), from €2,476 to €0
- Reserves +€39,645
up €39,645 (+85.1%), from €46,568 to €86,213
- Trade debts -€29,136
down €29,136 (-55.5%), from €52,459 to €23,323
- Tax, wage and social debts -€17,469
down €17,469 (-51.8%), from €33,751 to €16,282
of which Taxes: -€16,753
- Current portion of long-term debt +€15,791
up €15,791 (+137%), from €11,510 to €27,301
- Debts after one year -€10,594
down €10,594 (-59.0%), from €17,944 to €7,350
- Gross operating margin +€35,059
up €35,059 (+32.7%), from €107,292 to €142,351
- Staff costs +€18,199
up €18,199 (+40.4%), from €45,022 to €63,221
- Financial charges +€3,054
up €3,054 (+177%), from €1,726 to €4,780
- Depreciation +€1,780
up €1,780 (+12.0%), from €14,848 to €16,627
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 | €181,321 | €179,111 | -€2,210 | -1.2% |
| Fixed assets | 21/28 | €59,943 | €51,829 | -€8,114 | -13.5% |
| Tangible fixed assets | 22/27 | €59,943 | €51,829 | -€8,114 | -13.5% |
| Plant, machinery and equipment | 23 | €54,742 | €43,752 | -€10,990 | -20.1% |
| Furniture and vehicles | 24 | €1,497 | €924 | -€573 | -38.3% |
| Other tangible fixed assets | 26 | €3,704 | €7,153 | +€3,449 | +93.1% |
| Current assets | 29/58 | €121,378 | €127,282 | +€5,904 | +4.9% |
| Stocks and contracts in progress | 3 | €26,304 | €26,304 | = | 0.0% |
| Stocks | 30/36 | €26,304 | €26,304 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €14,106 | €31,450 | +€17,344 | +123% |
| Trade receivables | 40 | €1,261 | €4,537 | +€3,276 | +260% |
| Other amounts receivable | 41 | €12,845 | €26,913 | +€14,068 | +110% |
| Cash at bank and in hand | 54/58 | €78,491 | €69,528 | -€8,964 | -11.4% |
| Deferred charges and accrued income | 490/1 | €2,476 | €0 | -€2,476 | -100% |
| Total equity and liabilities | 10/49 | €181,321 | €179,111 | -€2,210 | -1.2% |
| Equity | 10/15 | €64,365 | €104,854 | +€40,489 | +62.9% |
| Contributions | 10/11 | €18,641 | €18,641 | = | 0.0% |
| Reserves | 13 | €46,568 | €86,213 | +€39,645 | +85.1% |
| Distributable reserves | 133 | €46,568 | €86,213 | +€39,645 | +85.1% |
| Profit (loss) carried forward | 14 | -€844 | €0 | +€844 | |
| Amounts payable | 17/49 | €116,956 | €74,257 | -€42,699 | -36.5% |
| Amounts payable after more than one year | 17 | €17,944 | €7,350 | -€10,594 | -59.0% |
| Financial debts | 170/4 | €17,944 | €7,350 | -€10,594 | -59.0% |
| Amounts payable within one year | 42/48 | €99,012 | €66,907 | -€32,105 | -32.4% |
| Current portion of amounts payable after more than one year | 42 | €11,510 | €27,301 | +€15,791 | +137% |
| Trade debts | 44 | €52,459 | €23,323 | -€29,136 | -55.5% |
| Suppliers | 440/4 | €52,459 | €23,323 | -€29,136 | -55.5% |
| Taxes, remuneration and social security | 45 | €33,751 | €16,282 | -€17,469 | -51.8% |
| Taxes | 450/3 | €24,544 | €7,791 | -€16,753 | -68.3% |
| Remuneration and social security | 454/9 | €9,207 | €8,492 | -€716 | -7.8% |
| Other amounts payable | 47/48 | €1,292 | €0 | -€1,292 | -100% |
| Remuneration, social security and pensions | 62 | €45,022 | €63,221 | +€18,199 | +40.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,848 | €16,627 | +€1,780 | +12.0% |
| Other operating charges | 640/8 | €3,383 | €3,750 | +€367 | +10.8% |
| Gross operating margin | 9900 | €107,292 | €142,351 | +€35,059 | +32.7% |
| Operating profit (loss) | 9901 | €44,039 | €58,752 | +€14,713 | +33.4% |
| Financial income | 75/76B | €550 | €1,320 | +€770 | +140% |
| Recurring financial income | 75 | €550 | €1,050 | +€500 | +91.0% |
| Non-recurring financial income | 76B | - | €270 | +€270 | |
| Financial charges | 65/66B | €1,726 | €4,780 | +€3,054 | +177% |
| Recurring financial charges | 65 | €1,726 | €4,780 | +€3,054 | +177% |
| Profit (loss) for the period before taxes | 9903 | €42,863 | €55,291 | +€12,429 | +29.0% |
| Income taxes | 67/77 | €14,314 | €14,802 | +€488 | +3.4% |
| Profit (loss) for the period | 9904 | €28,549 | €40,489 | +€11,940 | +41.8% |
| Profit (loss) for the period to be appropriated | 9905 | €28,549 | €40,489 | +€11,940 | +41.8% |
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 21 October 2026 via checked.be.