DE VUYST GLENN: what changed
What changed
DE VUYST GLENN
NACE 43.331, Floor and wall tiling
filed annual accounts (NBB)
Net result for the year
-€11,790
2024 · €3,915-€15,705
Equity
€58,726
2024 · €70,515-€11,790
Cash
€26,835
2024 · €32,673-€5,838
Balance sheet total
€263,989
2024 · €299,935-€35,945
Largest movements
Assets
- Receivables within one year -€24,476
down €24,476 (-46.2%), from €52,963 to €28,488
of which Other amounts receivable: -€13,246
- Tangible fixed assets -€7,027
down €7,027 (-3.5%), from €200,511 to €193,484
of which Land and buildings: -€9,073
- Cash -€5,838
down €5,838 (-17.9%), from €32,673 to €26,835
mainly Investment in fixed assets (net) (-€14,253) and Accrued charges and deferred income (-€13,666)
Equity and liabilities
- Accrued charges and deferred income -€13,666
down €13,666 (-62.5%), from €21,880 to €8,215
- Profit (loss) carried forward -€11,790
down €11,790 (-816%), from -€1,445 to -€13,234
- Debts after one year -€9,788
down €9,788 (-5.8%), from €170,122 to €160,334
- Current portion of long-term debt -€4,600
down €4,600 (-35.0%), from €13,147 to €8,547
Income statement
- Staff costs +€27,440
up €27,440 (+118%), from €23,343 to €50,783
- Gross operating margin +€22,208
up €22,208 (+44.7%), from €49,633 to €71,841
- Depreciation +€8,476
up €8,476 (+66.2%), from €12,804 to €21,280
- Financial charges +€2,805
up €2,805 (+38.7%), from €7,249 to €10,054
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€3,915
Gross operating margin
+€22,208
Staff costs
-€27,440
Depreciation
-€8,476
Other operating charges
+€191
Financial income
+€416
Financial charges
-€2,805
Taxes
+€201
Result 2025
-€11,790
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€22,802
Investment
-€14,253
Financing
-€14,388
Cash 2024
€32,673
From operations (derived)
+€22,802
Net result for the year
-€11,790
Depreciation
+€21,280
Receivables within one year
+€24,476
Deferred charges and accrued income
-€1,396
Trade debts
-€1,338
Tax, wage and social debts
+€2,825
Other debts
+€2,410
Accrued charges and deferred income
-€13,666
Investment (derived)
-€14,253
Investment in fixed assets (net)
-€14,253
Financing
-€14,388
Debts after one year
-€9,788
Current portion of long-term debt
-€4,600
Cash 2025
€26,835
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €299,935 | €263,989 | -€35,945 | -12.0% |
| Fixed assets | 21/28 | €200,511 | €193,484 | -€7,027 | -3.5% |
| Tangible fixed assets | 22/27 | €200,511 | €193,484 | -€7,027 | -3.5% |
| Land and buildings | 22 | €178,274 | €169,201 | -€9,073 | -5.1% |
| Plant, machinery and equipment | 23 | €5,596 | €14,298 | +€8,702 | +156% |
| Furniture and vehicles | 24 | €16,140 | €9,671 | -€6,469 | -40.1% |
| Other tangible fixed assets | 26 | €502 | €314 | -€188 | -37.5% |
| Current assets | 29/58 | €99,423 | €70,505 | -€28,918 | -29.1% |
| Stocks and contracts in progress | 3 | €6,900 | €6,900 | = | 0.0% |
| Stocks | 30/36 | €6,900 | €6,900 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €52,963 | €28,488 | -€24,476 | -46.2% |
| Trade receivables | 40 | €32,943 | €21,713 | -€11,230 | -34.1% |
| Other amounts receivable | 41 | €20,020 | €6,775 | -€13,246 | -66.2% |
| Cash at bank and in hand | 54/58 | €32,673 | €26,835 | -€5,838 | -17.9% |
| Deferred charges and accrued income | 490/1 | €6,887 | €8,283 | +€1,396 | +20.3% |
| Total equity and liabilities | 10/49 | €299,935 | €263,989 | -€35,945 | -12.0% |
| Equity | 10/15 | €70,515 | €58,726 | -€11,790 | -16.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €53,360 | €53,360 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €53,360 | €53,360 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,445 | -€13,234 | -€11,790 | -816% |
| Amounts payable | 17/49 | €229,419 | €205,263 | -€24,156 | -10.5% |
| Amounts payable after more than one year | 17 | €170,122 | €160,334 | -€9,788 | -5.8% |
| Financial debts | 170/4 | €170,122 | €160,334 | -€9,788 | -5.8% |
| Amounts payable within one year | 42/48 | €37,416 | €36,715 | -€702 | -1.9% |
| Current portion of amounts payable after more than one year | 42 | €13,147 | €8,547 | -€4,600 | -35.0% |
| Trade debts | 44 | €10,249 | €8,911 | -€1,338 | -13.1% |
| Suppliers | 440/4 | €10,249 | €8,911 | -€1,338 | -13.1% |
| Advances received on contracts in progress | 46 | €1,760 | €1,760 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €2,952 | €5,778 | +€2,825 | +95.7% |
| Taxes | 450/3 | €336 | €319 | -€17 | -4.9% |
| Remuneration and social security | 454/9 | €2,617 | €5,459 | +€2,842 | +109% |
| Other amounts payable | 47/48 | €9,309 | €11,720 | +€2,410 | +25.9% |
| Accrued charges and deferred income | 492/3 | €21,880 | €8,215 | -€13,666 | -62.5% |
| Remuneration, social security and pensions | 62 | €23,343 | €50,783 | +€27,440 | +118% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,804 | €21,280 | +€8,476 | +66.2% |
| Other operating charges | 640/8 | €1,837 | €1,645 | -€191 | -10.4% |
| Gross operating margin | 9900 | €49,633 | €71,841 | +€22,208 | +44.7% |
| Operating profit (loss) | 9901 | €11,650 | -€1,867 | -€13,516 | |
| Financial income | 75/76B | €9 | €425 | +€416 | +4,607% |
| Recurring financial income | 75 | €9 | €425 | +€416 | +4,607% |
| Financial charges | 65/66B | €7,249 | €10,054 | +€2,805 | +38.7% |
| Recurring financial charges | 65 | €7,249 | €10,054 | +€2,805 | +38.7% |
| Profit (loss) for the period before taxes | 9903 | €4,410 | -€11,495 | -€15,905 | |
| Income taxes | 67/77 | €495 | €294 | -€201 | -40.6% |
| Profit (loss) for the period | 9904 | €3,915 | -€11,790 | -€15,705 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,915 | -€11,790 | -€15,705 |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.