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 +€66,838
up €66,838 (+256%), from €26,082 to €92,920
of which Trade receivables: +€68,834
- Tangible fixed assets +€66,074
up €66,074 (+219%), from €30,170 to €96,243
of which Furniture and vehicles: +€45,897
- Cash +€29,955
up €29,955 (+35.3%), from €84,835 to €114,790
mainly Accrued charges and deferred income (+€73,603) and Net result for the year (+€47,294)
- Reserves +€108,187
new in 2025: €108,187
- Accrued charges and deferred income +€73,603
up €73,603 (+3,505%), from €2,100 to €75,703
- Profit (loss) carried forward -€60,894
no longer reported in 2025 (was €60,894)
- Debts after one year +€46,375
new in 2025: €46,375
- Trade debts -€18,529
down €18,529 (-96.7%), from €19,154 to €625
- Depreciation +€12,954
up €12,954 (+250%), from €5,179 to €18,133
- Financial charges +€1,801
up €1,801 (+448%), from €402 to €2,204
- Taxes -€1,721
down €1,721 (-10.9%), from €15,817 to €14,096
- Gross operating margin +€1,441
up €1,441 (+1.8%), from €81,562 to €83,003
- Other operating charges +€1,230
up €1,230 (+796%), from €154 to €1,384
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 | €142,022 | €305,454 | +€163,431 | +115% |
| Fixed assets | 21/28 | €30,170 | €96,243 | +€66,074 | +219% |
| Tangible fixed assets | 22/27 | €30,170 | €96,243 | +€66,074 | +219% |
| Land and buildings | 22 | - | €10,043 | +€10,043 | |
| Plant, machinery and equipment | 23 | €9,689 | €19,823 | +€10,134 | +105% |
| Furniture and vehicles | 24 | €20,481 | €66,377 | +€45,897 | +224% |
| Current assets | 29/58 | €111,853 | €209,210 | +€97,357 | +87.0% |
| Amounts receivable within one year | 40/41 | €26,082 | €92,920 | +€66,838 | +256% |
| Trade receivables | 40 | €22,169 | €91,003 | +€68,834 | +310% |
| Other amounts receivable | 41 | €3,913 | €1,917 | -€1,996 | -51.0% |
| Cash at bank and in hand | 54/58 | €84,835 | €114,790 | +€29,955 | +35.3% |
| Deferred charges and accrued income | 490/1 | €935 | €1,500 | +€565 | +60.4% |
| Total equity and liabilities | 10/49 | €142,022 | €305,454 | +€163,431 | +115% |
| Equity | 10/15 | €65,894 | €113,187 | +€47,294 | +71.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €108,187 | +€108,187 | |
| Distributable reserves | 133 | - | €108,187 | +€108,187 | |
| Profit (loss) carried forward | 14 | €60,894 | - | -€60,894 | |
| Amounts payable | 17/49 | €76,129 | €192,266 | +€116,138 | +153% |
| Amounts payable after more than one year | 17 | - | €46,375 | +€46,375 | |
| Financial debts | 170/4 | - | €46,375 | +€46,375 | |
| Amounts payable within one year | 42/48 | €74,029 | €70,189 | -€3,840 | -5.2% |
| Current portion of amounts payable after more than one year | 42 | - | €14,532 | +€14,532 | |
| Trade debts | 44 | €19,154 | €625 | -€18,529 | -96.7% |
| Suppliers | 440/4 | €19,154 | €625 | -€18,529 | -96.7% |
| Taxes, remuneration and social security | 45 | €16,840 | €29,913 | +€13,072 | +77.6% |
| Taxes | 450/3 | €16,840 | €29,913 | +€13,072 | +77.6% |
| Other amounts payable | 47/48 | €38,034 | €25,119 | -€12,915 | -34.0% |
| Accrued charges and deferred income | 492/3 | €2,100 | €75,703 | +€73,603 | +3,505% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,179 | €18,133 | +€12,954 | +250% |
| Other operating charges | 640/8 | €154 | €1,384 | +€1,230 | +796% |
| Gross operating margin | 9900 | €81,562 | €83,003 | +€1,441 | +1.8% |
| Operating profit (loss) | 9901 | €76,229 | €63,486 | -€12,743 | -16.7% |
| Financial income | 75/76B | €883 | €107 | -€776 | -87.9% |
| Recurring financial income | 75 | €883 | €107 | -€776 | -87.9% |
| Financial charges | 65/66B | €402 | €2,204 | +€1,801 | +448% |
| Recurring financial charges | 65 | €402 | €2,204 | +€1,801 | +448% |
| Profit (loss) for the period before taxes | 9903 | €76,711 | €61,389 | -€15,321 | -20.0% |
| Income taxes | 67/77 | €15,817 | €14,096 | -€1,721 | -10.9% |
| Profit (loss) for the period | 9904 | €60,894 | €47,294 | -€13,600 | -22.3% |
| Profit (loss) for the period to be appropriated | 9905 | €60,894 | €47,294 | -€13,600 | -22.3% |
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 17 October 2026 via checked.be.