DE VROEY DANIEL: 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 VROEY DANIEL
Largest movements
- Receivables within one year -€20,764
down €20,764 (-48.3%), from €43,033 to €22,268
of which Trade receivables: -€23,215
- Tangible fixed assets -€5,476
down €5,476 (-27.5%), from €19,909 to €14,434
of which Furniture and vehicles: -€5,770
- Cash -€4,468
down €4,468 (-26.7%), from €16,744 to €12,276
mainly Net result for the year (-€13,357) and Trade debts (-€11,917)
- Deferred charges and accrued income +€2,056
up €2,056 (+543%), from €378 to €2,434
- Profit (loss) carried forward -€13,357
down €13,357 (-36.9%), from €36,156 to €22,799
- Trade debts -€11,917
down €11,917 (-66.9%), from €17,800 to €5,883
- Tax, wage and social debts -€1,369
down €1,369 (-39.3%), from €3,482 to €2,112
- Current portion of long-term debt -€1,151
no longer reported in 2025 (was €1,151)
- Other debts -€859
no longer reported in 2025 (was €859)
- Gross operating margin -€37,589
down €37,589 (-94.4%), from €39,799 to €2,210
- Other operating charges +€2,582
up €2,582 (+377%), from €685 to €3,267
- Depreciation +€1,168
up €1,168 (+10.6%), from €11,041 to €12,209
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 | €82,912 | €54,260 | -€28,653 | -34.6% |
| Fixed assets | 21/28 | €22,757 | €17,282 | -€5,476 | -24.1% |
| Tangible fixed assets | 22/27 | €19,909 | €14,434 | -€5,476 | -27.5% |
| Plant, machinery and equipment | 23 | €6,266 | €7,979 | +€1,714 | +27.4% |
| Furniture and vehicles | 24 | €12,225 | €6,455 | -€5,770 | -47.2% |
| Leasing and similar rights | 25 | €1,419 | - | -€1,419 | |
| Financial fixed assets | 28 | €2,848 | €2,848 | = | 0.0% |
| Current assets | 29/58 | €60,155 | €36,978 | -€23,177 | -38.5% |
| Amounts receivable within one year | 40/41 | €43,033 | €22,268 | -€20,764 | -48.3% |
| Trade receivables | 40 | €36,120 | €12,905 | -€23,215 | -64.3% |
| Other amounts receivable | 41 | €6,913 | €9,364 | +€2,451 | +35.5% |
| Cash at bank and in hand | 54/58 | €16,744 | €12,276 | -€4,468 | -26.7% |
| Deferred charges and accrued income | 490/1 | €378 | €2,434 | +€2,056 | +543% |
| Total equity and liabilities | 10/49 | €82,912 | €54,260 | -€28,653 | -34.6% |
| Equity | 10/15 | €59,621 | €46,264 | -€13,357 | -22.4% |
| Contributions | 10/11 | €12,408 | €12,408 | = | 0.0% |
| Reserves | 13 | €11,057 | €11,057 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €9,198 | €9,198 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,156 | €22,799 | -€13,357 | -36.9% |
| Amounts payable | 17/49 | €23,291 | €7,995 | -€15,296 | -65.7% |
| Amounts payable within one year | 42/48 | €23,291 | €7,995 | -€15,296 | -65.7% |
| Current portion of amounts payable after more than one year | 42 | €1,151 | - | -€1,151 | |
| Trade debts | 44 | €17,800 | €5,883 | -€11,917 | -66.9% |
| Suppliers | 440/4 | €17,800 | €5,883 | -€11,917 | -66.9% |
| Taxes, remuneration and social security | 45 | €3,482 | €2,112 | -€1,369 | -39.3% |
| Taxes | 450/3 | €3,482 | €2,112 | -€1,369 | -39.3% |
| Other amounts payable | 47/48 | €859 | - | -€859 | |
| Non-recurring operating income | 76A | €1,000 | - | -€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,041 | €12,209 | +€1,168 | +10.6% |
| Other operating charges | 640/8 | €685 | €3,267 | +€2,582 | +377% |
| Gross operating margin | 9900 | €39,799 | €2,210 | -€37,589 | -94.4% |
| Operating profit (loss) | 9901 | €28,073 | -€13,266 | -€41,339 | |
| Financial income | 75/76B | €23 | €26 | +€3 | +13.9% |
| Recurring financial income | 75 | €23 | €26 | +€3 | +13.9% |
| Financial charges | 65/66B | -€210 | €117 | +€327 | |
| Recurring financial charges | 65 | -€210 | €117 | +€327 | |
| Profit (loss) for the period before taxes | 9903 | €28,306 | -€13,357 | -€41,663 | |
| Income taxes | 67/77 | €0 | - | -€0 | |
| Profit (loss) for the period | 9904 | €28,305 | -€13,357 | -€41,662 | |
| Profit (loss) for the period to be appropriated | 9905 | €28,305 | -€13,357 | -€41,662 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.