Pierre De Vos: 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.
Pierre De Vos
Largest movements
- Receivables within one year +€6,401
up €6,401 (+32.8%), from €19,500 to €25,901
of which Other amounts receivable: +€5,000
- Reserves +€19,701
up €19,701 (+294%), from €6,700 to €26,401
- Trade debts -€8,124
down €8,124 (-26.0%), from €31,301 to €23,178
- Other debts -€2,932
down €2,932 (-7.3%), from €40,188 to €37,256
- Tax, wage and social debts -€2,521
down €2,521 (-25.9%), from €9,728 to €7,207
- Gross operating margin +€25,081
up €25,081 (+332%), from €7,545 to €32,626
- Taxes +€8,378
up €8,378 (+594%), from €1,411 to €9,789
- Financial charges -€1,644
down €1,644 (-64.9%), from €2,534 to €890
- Other operating charges +€641
up €641 (+106%), from €605 to €1,246
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 | €108,697 | €114,474 | +€5,776 | +5.3% |
| Fixed assets | 21/28 | €58,714 | €59,039 | +€325 | +0.6% |
| Tangible fixed assets | 22/27 | €2,575 | €2,901 | +€325 | +12.6% |
| Plant, machinery and equipment | 23 | - | €1,126 | +€1,126 | |
| Furniture and vehicles | 24 | €2,575 | €1,775 | -€801 | -31.1% |
| Financial fixed assets | 28 | €56,138 | €56,138 | = | 0.0% |
| Current assets | 29/58 | €49,984 | €55,435 | +€5,451 | +10.9% |
| Amounts receivable within one year | 40/41 | €19,500 | €25,901 | +€6,401 | +32.8% |
| Trade receivables | 40 | €19,500 | €20,901 | +€1,401 | +7.2% |
| Other amounts receivable | 41 | - | €5,000 | +€5,000 | |
| Cash at bank and in hand | 54/58 | €30,484 | €29,534 | -€950 | -3.1% |
| Total equity and liabilities | 10/49 | €108,697 | €114,474 | +€5,776 | +5.3% |
| Equity | 10/15 | €8,791 | €28,492 | +€19,701 | +224% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €6,700 | €26,401 | +€19,701 | +294% |
| Distributable reserves | 133 | €6,700 | €26,401 | +€19,701 | +294% |
| Profit (loss) carried forward | 14 | €91 | €91 | = | 0.0% |
| Amounts payable | 17/49 | €99,906 | €85,982 | -€13,924 | -13.9% |
| Amounts payable after more than one year | 17 | €18,160 | €18,341 | +€182 | +1.0% |
| Financial debts | 170/4 | €18,160 | €18,341 | +€182 | +1.0% |
| Amounts payable within one year | 42/48 | €81,218 | €67,641 | -€13,577 | -16.7% |
| Trade debts | 44 | €31,301 | €23,178 | -€8,124 | -26.0% |
| Suppliers | 440/4 | €31,301 | €23,178 | -€8,124 | -26.0% |
| Taxes, remuneration and social security | 45 | €9,728 | €7,207 | -€2,521 | -25.9% |
| Taxes | 450/3 | €9,728 | €7,207 | -€2,521 | -25.9% |
| Other amounts payable | 47/48 | €40,188 | €37,256 | -€2,932 | -7.3% |
| Accrued charges and deferred income | 492/3 | €529 | €0 | -€529 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €801 | €1,000 | +€200 | +25.0% |
| Other operating charges | 640/8 | €605 | €1,246 | +€641 | +106% |
| Gross operating margin | 9900 | €7,545 | €32,626 | +€25,081 | +332% |
| Operating profit (loss) | 9901 | €6,140 | €30,379 | +€24,240 | +395% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,534 | €890 | -€1,644 | -64.9% |
| Recurring financial charges | 65 | €2,534 | €890 | -€1,644 | -64.9% |
| Profit (loss) for the period before taxes | 9903 | €3,605 | €29,490 | +€25,885 | +718% |
| Income taxes | 67/77 | €1,411 | €9,789 | +€8,378 | +594% |
| Profit (loss) for the period | 9904 | €2,195 | €19,701 | +€17,506 | +798% |
| Profit (loss) for the period to be appropriated | 9905 | €2,195 | €19,701 | +€17,506 | +798% |
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 30 October 2026 via checked.be.