In De Vrede: 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.
In De Vrede
Largest movements
- Cash +€420,474
up €420,474 (+91.0%), from €461,810 to €882,284
mainly Other debts (+€414,915) and Debts after one year (+€403,628)
- Receivables within one year -€61,350
down €61,350 (-98.7%), from €62,185 to €835
of which Other amounts receivable: -€59,127
- Stocks and contracts +€38,364
up €38,364 (+99.0%), from €38,764 to €77,128
- Tangible fixed assets +€26,527
up €26,527 (+4.1%), from €654,732 to €681,259
- Reserves -€491,894
down €491,894 (-56.0%), from €878,751 to €386,857
- Other debts +€414,915
up €414,915 (+381%), from €108,948 to €523,863
- Debts after one year +€403,628
up €403,628 (+9,051%), from €4,459 to €408,088
- Tax, wage and social debts +€73,964
up €73,964 (+80.5%), from €91,900 to €165,864
of which Taxes: +€94,048
- Current portion of long-term debt +€28,602
up €28,602 (+108%), from €26,574 to €55,177
- Gross operating margin +€160,636
up €160,636 (+11.2%), from €1.4m to €1.6m
- Depreciation +€66,869
up €66,869 (+83.7%), from €79,937 to €146,806
- Taxes +€47,667
up €47,667 (+39.1%), from €121,968 to €169,635
- Financial charges +€28,632
up €28,632 (+99.4%), from €28,794 to €57,426
- Financial income -€24,720
down €24,720 (-98.9%), from €25,000 to €280
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 | €1,231,844 | €1,646,282 | +€414,438 | +33.6% |
| Fixed assets | 21/28 | €654,732 | €681,259 | +€26,527 | +4.1% |
| Tangible fixed assets | 22/27 | €654,732 | €681,259 | +€26,527 | +4.1% |
| Land and buildings | 22 | €12,196 | €20,384 | +€8,189 | +67.1% |
| Plant, machinery and equipment | 23 | €638,516 | €647,047 | +€8,532 | +1.3% |
| Furniture and vehicles | 24 | €4,020 | €13,827 | +€9,806 | +244% |
| Current assets | 29/58 | €577,112 | €965,024 | +€387,912 | +67.2% |
| Stocks and contracts in progress | 3 | €38,764 | €77,128 | +€38,364 | +99.0% |
| Stocks | 30/36 | €38,764 | €77,128 | +€38,364 | +99.0% |
| Amounts receivable within one year | 40/41 | €62,185 | €835 | -€61,350 | -98.7% |
| Trade receivables | 40 | €2,223 | - | -€2,223 | |
| Other amounts receivable | 41 | €59,962 | €835 | -€59,127 | -98.6% |
| Cash at bank and in hand | 54/58 | €461,810 | €882,284 | +€420,474 | +91.0% |
| Deferred charges and accrued income | 490/1 | €14,353 | €4,777 | -€9,576 | -66.7% |
| Total equity and liabilities | 10/49 | €1,231,844 | €1,646,282 | +€414,438 | +33.6% |
| Equity | 10/15 | €897,351 | €405,457 | -€491,894 | -54.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €878,751 | €386,857 | -€491,894 | -56.0% |
| Distributable reserves | 133 | €878,751 | €386,857 | -€491,894 | -56.0% |
| Amounts payable | 17/49 | €334,493 | €1,240,825 | +€906,332 | +271% |
| Amounts payable after more than one year | 17 | €4,459 | €408,088 | +€403,628 | +9,051% |
| Financial debts | 170/4 | €4,459 | €408,088 | +€403,628 | +9,051% |
| Amounts payable within one year | 42/48 | €330,034 | €832,738 | +€502,704 | +152% |
| Current portion of amounts payable after more than one year | 42 | €26,574 | €55,177 | +€28,602 | +108% |
| Financial debts | 43 | €34,070 | €33,693 | -€377 | -1.1% |
| Credit institutions | 430/8 | €34,070 | €33,693 | -€377 | -1.1% |
| Trade debts | 44 | €68,541 | €54,141 | -€14,400 | -21.0% |
| Suppliers | 440/4 | €68,541 | €54,141 | -€14,400 | -21.0% |
| Taxes, remuneration and social security | 45 | €91,900 | €165,864 | +€73,964 | +80.5% |
| Taxes | 450/3 | €18,900 | €112,948 | +€94,048 | +498% |
| Remuneration and social security | 454/9 | €73,000 | €52,916 | -€20,084 | -27.5% |
| Other amounts payable | 47/48 | €108,948 | €523,863 | +€414,915 | +381% |
| Remuneration, social security and pensions | 62 | €835,538 | €836,045 | +€506 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,937 | €146,806 | +€66,869 | +83.7% |
| Other operating charges | 640/8 | €1,210 | €1,286 | +€75 | +6.2% |
| Gross operating margin | 9900 | €1,437,139 | €1,597,775 | +€160,636 | +11.2% |
| Operating profit (loss) | 9901 | €520,453 | €613,638 | +€93,185 | +17.9% |
| Financial income | 75/76B | €25,000 | €280 | -€24,720 | -98.9% |
| Recurring financial income | 75 | €25,000 | €280 | -€24,720 | -98.9% |
| Financial charges | 65/66B | €28,794 | €57,426 | +€28,632 | +99.4% |
| Recurring financial charges | 65 | €28,794 | €57,426 | +€28,632 | +99.4% |
| Profit (loss) for the period before taxes | 9903 | €516,659 | €556,492 | +€39,833 | +7.7% |
| Income taxes | 67/77 | €121,968 | €169,635 | +€47,667 | +39.1% |
| Profit (loss) for the period | 9904 | €394,691 | €386,857 | -€7,834 | -2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €394,691 | €386,857 | -€7,834 | -2.0% |
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 28 October 2026 via checked.be.