DR.DE VRIENDT GUY: 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.DE VRIENDT GUY
Largest movements
- Cash -€138,072
down €138,072 (-27.4%), from €504,513 to €366,441
mainly Contributions, distributions and other (-€94,800) and Current investments (-€80,429)
- Current investments +€80,429
up €80,429 (+75.9%), from €106,021 to €186,450
- Tangible fixed assets -€25,747
down €25,747 (-28.3%), from €91,067 to €65,320
of which Furniture and vehicles: -€16,991
- Other debts -€42,736
down €42,736 (-29.9%), from €142,922 to €100,186
- Reserves -€19,009
down €19,009 (-2.8%), from €668,005 to €648,997
- Current portion of long-term debt -€12,143
down €12,143 (-37.8%), from €32,143 to €20,000
- Financial income -€81,420
down €81,420 (-95.9%), from €84,940 to €3,520
- Depreciation -€20,458
down €20,458 (-44.3%), from €46,205 to €25,747
- Gross operating margin -€12,964
down €12,964 (-8.3%), from €155,767 to €142,803
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 | €860,985 | €787,064 | -€73,921 | -8.6% |
| Fixed assets | 21/28 | €91,067 | €65,320 | -€25,747 | -28.3% |
| Tangible fixed assets | 22/27 | €91,067 | €65,320 | -€25,747 | -28.3% |
| Plant, machinery and equipment | 23 | €37,643 | €28,886 | -€8,756 | -23.3% |
| Furniture and vehicles | 24 | €53,425 | €36,434 | -€16,991 | -31.8% |
| Current assets | 29/58 | €769,917 | €721,744 | -€48,174 | -6.3% |
| Amounts receivable within one year | 40/41 | €149,731 | €157,528 | +€7,797 | +5.2% |
| Trade receivables | 40 | €107,986 | €124,278 | +€16,292 | +15.1% |
| Other amounts receivable | 41 | €41,745 | €33,250 | -€8,495 | -20.4% |
| Current investments | 50/53 | €106,021 | €186,450 | +€80,429 | +75.9% |
| Cash at bank and in hand | 54/58 | €504,513 | €366,441 | -€138,072 | -27.4% |
| Deferred charges and accrued income | 490/1 | €9,653 | €11,325 | +€1,672 | +17.3% |
| Total equity and liabilities | 10/49 | €860,985 | €787,064 | -€73,921 | -8.6% |
| Equity | 10/15 | €680,405 | €661,397 | -€19,009 | -2.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €668,005 | €648,997 | -€19,009 | -2.8% |
| Distributable reserves | 133 | €668,005 | €648,997 | -€19,009 | -2.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €180,579 | €125,667 | -€54,912 | -30.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €180,171 | €125,217 | -€54,954 | -30.5% |
| Current portion of amounts payable after more than one year | 42 | €32,143 | €20,000 | -€12,143 | -37.8% |
| Trade debts | 44 | €0 | €6 | +€6 | |
| Suppliers | 440/4 | €0 | €6 | +€6 | |
| Taxes, remuneration and social security | 45 | €5,107 | €5,026 | -€81 | -1.6% |
| Taxes | 450/3 | €5,107 | €5,026 | -€81 | -1.6% |
| Other amounts payable | 47/48 | €142,922 | €100,186 | -€42,736 | -29.9% |
| Accrued charges and deferred income | 492/3 | €408 | €450 | +€42 | +10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,205 | €25,747 | -€20,458 | -44.3% |
| Other operating charges | 640/8 | €482 | €467 | -€15 | -3.2% |
| Gross operating margin | 9900 | €155,767 | €142,803 | -€12,964 | -8.3% |
| Operating profit (loss) | 9901 | €109,080 | €116,589 | +€7,509 | +6.9% |
| Financial income | 75/76B | €84,940 | €3,520 | -€81,420 | -95.9% |
| Recurring financial income | 75 | €84,940 | €3,520 | -€81,420 | -95.9% |
| Financial charges | 65/66B | €2,764 | €1,631 | -€1,133 | -41.0% |
| Recurring financial charges | 65 | €2,764 | €1,631 | -€1,133 | -41.0% |
| Profit (loss) for the period before taxes | 9903 | €191,257 | €118,478 | -€72,779 | -38.1% |
| Income taxes | 67/77 | €42,136 | €42,686 | +€550 | +1.3% |
| Profit (loss) for the period | 9904 | €149,120 | €75,791 | -€73,329 | -49.2% |
| Profit (loss) for the period to be appropriated | 9905 | €149,120 | €75,791 | -€73,329 | -49.2% |
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 27 October 2026 via checked.be.