DE VUYST: 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 VUYST
Largest movements
- Receivables within one year -€287,672
down €287,672 (-16.3%), from €1.8m to €1.5m
of which Trade receivables: -€275,538
- Tangible fixed assets +€201,332
up €201,332 (+24.0%), from €838,684 to €1.0m
of which Land and buildings: +€186,517
- Cash +€53,494
up €53,494 (+177%), from €30,303 to €83,797
mainly Receivables within one year (+€287,672) and Debts after one year (+€87,916)
- Stocks and contracts -€33,437
down €33,437 (-12.7%), from €263,744 to €230,307
- Trade debts -€220,851
down €220,851 (-21.5%), from €1.0m to €804,271
- Debts after one year +€87,916
up €87,916 (+14.6%), from €600,577 to €688,493
- Staff costs -€23,757
down €23,757 (-5.8%), from €407,025 to €383,268
- Gross operating margin -€19,314
down €19,314 (-3.5%), from €554,241 to €534,927
- Depreciation +€7,816
up €7,816 (+12.4%), from €63,204 to €71,019
- Taxes +€5,939
up €5,939 (+119%), from €4,984 to €10,922
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 | €2,948,565 | €2,883,261 | -€65,304 | -2.2% |
| Fixed assets | 21/28 | €845,919 | €1,048,555 | +€202,636 | +24.0% |
| Tangible fixed assets | 22/27 | €838,684 | €1,040,016 | +€201,332 | +24.0% |
| Land and buildings | 22 | €685,372 | €871,888 | +€186,517 | +27.2% |
| Plant, machinery and equipment | 23 | €133,780 | €115,648 | -€18,132 | -13.6% |
| Furniture and vehicles | 24 | €9,293 | €2,199 | -€7,094 | -76.3% |
| Leasing and similar rights | 25 | €10,239 | €50,281 | +€40,042 | +391% |
| Financial fixed assets | 28 | €7,235 | €8,539 | +€1,304 | +18.0% |
| Current assets | 29/58 | €2,102,646 | €1,834,706 | -€267,939 | -12.7% |
| Amounts receivable after more than one year | 29 | €44,800 | €44,800 | = | 0.0% |
| Trade receivables | 290 | €44,800 | €44,800 | = | 0.0% |
| Stocks and contracts in progress | 3 | €263,744 | €230,307 | -€33,437 | -12.7% |
| Stocks | 30/36 | €263,744 | €230,307 | -€33,437 | -12.7% |
| Amounts receivable within one year | 40/41 | €1,761,717 | €1,474,045 | -€287,672 | -16.3% |
| Trade receivables | 40 | €1,660,681 | €1,385,143 | -€275,538 | -16.6% |
| Other amounts receivable | 41 | €101,036 | €88,902 | -€12,134 | -12.0% |
| Cash at bank and in hand | 54/58 | €30,303 | €83,797 | +€53,494 | +177% |
| Deferred charges and accrued income | 490/1 | €2,082 | €1,758 | -€324 | -15.6% |
| Total equity and liabilities | 10/49 | €2,948,565 | €2,883,261 | -€65,304 | -2.2% |
| Equity | 10/15 | €1,186,128 | €1,210,938 | +€24,810 | +2.1% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Reserves | 13 | €1,165,677 | €1,190,487 | +€24,810 | +2.1% |
| Tax-exempt reserves | 132 | €71,979 | €71,979 | = | 0.0% |
| Distributable reserves | 133 | €1,093,698 | €1,118,509 | +€24,810 | +2.3% |
| Amounts payable | 17/49 | €1,762,437 | €1,672,323 | -€90,114 | -5.1% |
| Amounts payable after more than one year | 17 | €600,577 | €688,493 | +€87,916 | +14.6% |
| Financial debts | 170/4 | €600,577 | €688,493 | +€87,916 | +14.6% |
| Amounts payable within one year | 42/48 | €1,161,108 | €983,830 | -€177,278 | -15.3% |
| Current portion of amounts payable after more than one year | 42 | €78,808 | €94,085 | +€15,277 | +19.4% |
| Trade debts | 44 | €1,025,122 | €804,271 | -€220,851 | -21.5% |
| Suppliers | 440/4 | €1,025,122 | €804,271 | -€220,851 | -21.5% |
| Taxes, remuneration and social security | 45 | €57,177 | €85,473 | +€28,296 | +49.5% |
| Taxes | 450/3 | €14,454 | €36,422 | +€21,968 | +152% |
| Remuneration and social security | 454/9 | €42,723 | €49,051 | +€6,328 | +14.8% |
| Accrued charges and deferred income | 492/3 | €752 | - | -€752 | |
| Remuneration, social security and pensions | 62 | €407,025 | €383,268 | -€23,757 | -5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,204 | €71,019 | +€7,816 | +12.4% |
| Other operating charges | 640/8 | €12,434 | €12,253 | -€181 | -1.5% |
| Gross operating margin | 9900 | €554,241 | €534,927 | -€19,314 | -3.5% |
| Operating profit (loss) | 9901 | €71,578 | €68,387 | -€3,191 | -4.5% |
| Financial income | 75/76B | €208 | €5,180 | +€4,972 | +2,386% |
| Recurring financial income | 75 | €208 | €1,623 | +€1,415 | +679% |
| Non-recurring financial income | 76B | €208 | €3,557 | +€3,348 | +1,607% |
| Financial charges | 65/66B | €42,045 | €37,834 | -€4,211 | -10.0% |
| Recurring financial charges | 65 | €42,045 | €37,834 | -€4,211 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | €29,741 | €35,733 | +€5,991 | +20.1% |
| Income taxes | 67/77 | €4,984 | €10,922 | +€5,939 | +119% |
| Profit (loss) for the period | 9904 | €24,758 | €24,810 | +€53 | +0.2% |
| Profit (loss) for the period to be appropriated | 9905 | €24,758 | €24,810 | +€53 | +0.2% |
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 22 October 2026 via checked.be.