DR. A. DE VITS: 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.
DR. A. DE VITS
Largest movements
- Cash +€260,768
up €260,768 (+464.6%), from €56,123 to €316,891
mainly Current investments (+€100,000) and Net result for the year (+€77,521)
- Current investments -€100,000
down €100,000 (-13.3%), from €750,000 to €650,000
- Tangible fixed assets -€42,356
down €42,356 (-14.2%), from €298,135 to €255,780
of which Land and buildings: -€35,905
- Reserves +€77,521
up €77,521 (+17.1%), from €452,195 to €529,717
- Other debts +€40,942
up €40,942 (+6.0%), from €678,950 to €719,892
- Gross operating margin +€30,951
up €30,951 (+16.5%), from €188,092 to €219,043
- Taxes +€12,197
up €12,197 (+49.8%), from €24,497 to €36,694
- Financial charges -€9,438
down €9,438 (-16.1%), from €58,649 to €49,212
- Other operating charges -€5,358
down €5,358 (-57.4%), from €9,338 to €3,980
- Financial income -€3,129
down €3,129 (-16.7%), from €18,738 to €15,608
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.
Cash bridge derived
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 | €1,222,138 | €1,335,596 | +€113,458 | +9.3% |
| Fixed assets | 21/28 | €298,135 | €255,780 | -€42,356 | -14.2% |
| Tangible fixed assets | 22/27 | €298,135 | €255,780 | -€42,356 | -14.2% |
| Land and buildings | 22 | €284,027 | €248,122 | -€35,905 | -12.6% |
| Plant, machinery and equipment | 23 | €8,439 | €3,224 | -€5,215 | -61.8% |
| Furniture and vehicles | 24 | €5,669 | €4,433 | -€1,236 | -21.8% |
| Current assets | 29/58 | €924,002 | €1,079,816 | +€155,814 | +16.9% |
| Amounts receivable within one year | 40/41 | €18,758 | €26,241 | +€7,483 | +39.9% |
| Trade receivables | 40 | €22 | - | -€22 | |
| Other amounts receivable | 41 | €18,736 | €26,241 | +€7,505 | +40.1% |
| Current investments | 50/53 | €750,000 | €650,000 | -€100,000 | -13.3% |
| Cash at bank and in hand | 54/58 | €56,123 | €316,891 | +€260,768 | +464.6% |
| Deferred charges and accrued income | 490/1 | €99,120 | €86,684 | -€12,437 | -12.5% |
| Total equity and liabilities | 10/49 | €1,222,138 | €1,335,596 | +€113,458 | +9.3% |
| Equity | 10/15 | €470,787 | €548,309 | +€77,521 | +16.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €452,195 | €529,717 | +€77,521 | +17.1% |
| Distributable reserves | 133 | €452,195 | €529,717 | +€77,521 | +17.1% |
| Amounts payable | 17/49 | €751,350 | €787,287 | +€35,937 | +4.8% |
| Amounts payable within one year | 42/48 | €692,862 | €738,200 | +€45,338 | +6.5% |
| Trade debts | 44 | €6,833 | €5,187 | -€1,646 | -24.1% |
| Suppliers | 440/4 | €6,833 | €5,187 | -€1,646 | -24.1% |
| Taxes, remuneration and social security | 45 | €7,079 | €13,122 | +€6,043 | +85.4% |
| Taxes | 450/3 | - | €10,011 | +€10,011 | |
| Remuneration and social security | 454/9 | €7,079 | €3,110 | -€3,969 | -56.1% |
| Other amounts payable | 47/48 | €678,950 | €719,892 | +€40,942 | +6.0% |
| Accrued charges and deferred income | 492/3 | €58,488 | €49,087 | -€9,401 | -16.1% |
| Remuneration, social security and pensions | 62 | €24,689 | €24,888 | +€199 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,419 | €42,356 | -€63 | -0.1% |
| Other operating charges | 640/8 | €9,338 | €3,980 | -€5,358 | -57.4% |
| Gross operating margin | 9900 | €188,092 | €219,043 | +€30,951 | +16.5% |
| Operating profit (loss) | 9901 | €111,645 | €147,819 | +€36,173 | +32.4% |
| Financial income | 75/76B | €18,738 | €15,608 | -€3,129 | -16.7% |
| Recurring financial income | 75 | €18,738 | €15,608 | -€3,129 | -16.7% |
| Financial charges | 65/66B | €58,649 | €49,212 | -€9,438 | -16.1% |
| Recurring financial charges | 65 | €58,649 | €49,212 | -€9,438 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €71,733 | €114,215 | +€42,482 | +59.2% |
| Income taxes | 67/77 | €24,497 | €36,694 | +€12,197 | +49.8% |
| Profit (loss) for the period | 9904 | €47,236 | €77,521 | +€30,285 | +64.1% |
| Profit (loss) for the period to be appropriated | 9905 | €47,236 | €77,521 | +€30,285 | +64.1% |
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 10 October 2026 via checked.be.