REDERIJ DE VIERTORRE: what changed
What changed
REDERIJ DE VIERTORRE
NACE 03.110, Fishing and aquaculture
filed annual accounts (NBB)
Net result for the year
€263,484
2024 · €301,080-€37,597
Equity
€2.6m
2024 · €3.1m-€518,082
Cash
€1.1m
2024 · €785,310+€352,837
Balance sheet total
€4.4m
2024 · €4.3m+€125,980
Largest movements
Assets
- Cash +€352,837
up €352,837 (+44.9%), from €785,310 to €1.1m
mainly Other debts (+€703,982) and Depreciation (+€337,278)
- Tangible fixed assets -€184,294
down €184,294 (-5.7%), from €3.2m to €3.1m
of which Land and buildings: -€203,070
- Receivables within one year -€71,181
down €71,181 (-27.8%), from €256,485 to €185,304
of which Trade receivables: -€90,729
Equity and liabilities
- Other debts +€703,982
up €703,982 (+739%), from €95,275 to €799,257
- Reserves -€454,082
down €454,082 (-25.0%), from €1.8m to €1.4m
of which Distributable reserves: -€324,840
- Tax, wage and social debts +€75,143
up €75,143 (+683%), from €10,995 to €86,139
of which Taxes: +€71,839
- Debts after one year -€68,000
down €68,000 (-10.4%), from €652,412 to €584,412
- Investment grants -€64,000
down €64,000 (-11.1%), from €576,360 to €512,360
Income statement
- Gross operating margin +€221,998
up €221,998 (+18.0%), from €1.2m to €1.5m
- Staff costs +€187,115
up €187,115 (+32.5%), from €575,873 to €762,989
- Depreciation +€59,467
up €59,467 (+21.4%), from €277,811 to €337,278
- Financial income -€18,275
down €18,275 (-20.8%), from €87,778 to €69,503
- Taxes +€15,471
up €15,471 (+13.8%), from €112,362 to €127,833
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
€301,080
Gross operating margin
+€221,998
Staff costs
-€187,115
Depreciation
-€59,467
Other operating charges
-€3,303
Financial income
-€18,275
Financial charges
+€8,036
Taxes
-€15,471
Deferred taxes and other
+€16,000
Result 2025
€263,484
raises the resultlowers the resultnot broken down further in the accounts
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
+€1.4m
Investment
-€152,984
Financing
-€846,874
Cash 2024
€785,310
From operations (derived)
+€1.4m
Net result for the year
+€263,484
Depreciation
+€337,278
Receivables within one year
+€71,181
Deferred charges and accrued income
-€28,618
Provisions
-€16,000
Trade debts
-€60,638
Tax, wage and social debts
+€75,143
Other debts
+€703,982
Accrued charges and deferred income
+€6,884
Investment (derived)
-€152,984
Investment in fixed assets (net)
-€152,984
Financing
-€846,874
Debts after one year
-€68,000
Current portion of long-term debt
+€2,692
Contributions, distributions and other
-€781,566
Cash 2025
€1.1m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,296,892 | €4,422,872 | +€125,980 | +2.9% |
| Fixed assets | 21/28 | €3,250,499 | €3,066,205 | -€184,294 | -5.7% |
| Tangible fixed assets | 22/27 | €3,238,545 | €3,054,251 | -€184,294 | -5.7% |
| Land and buildings | 22 | €2,940,542 | €2,737,472 | -€203,070 | -6.9% |
| Plant, machinery and equipment | 23 | €279,615 | €265,665 | -€13,950 | -5.0% |
| Furniture and vehicles | 24 | €18,388 | €51,114 | +€32,726 | +178% |
| Financial fixed assets | 28 | €11,955 | €11,955 | = | 0.0% |
| Current assets | 29/58 | €1,046,392 | €1,356,667 | +€310,274 | +29.7% |
| Amounts receivable within one year | 40/41 | €256,485 | €185,304 | -€71,181 | -27.8% |
| Trade receivables | 40 | €225,039 | €134,310 | -€90,729 | -40.3% |
| Other amounts receivable | 41 | €31,446 | €50,994 | +€19,548 | +62.2% |
| Cash at bank and in hand | 54/58 | €785,310 | €1,138,147 | +€352,837 | +44.9% |
| Deferred charges and accrued income | 490/1 | €4,598 | €33,215 | +€28,618 | +622% |
| Total equity and liabilities | 10/49 | €4,296,892 | €4,422,872 | +€125,980 | +2.9% |
| Equity | 10/15 | €3,108,041 | €2,589,959 | -€518,082 | -16.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €700,000 | €700,000 | = | 0.0% |
| Reserves | 13 | €1,813,081 | €1,358,999 | -€454,082 | -25.0% |
| Non-distributable reserves | 130/1 | €13,682 | - | -€13,682 | |
| Reserves not available under the articles | 1311 | €13,682 | - | -€13,682 | |
| Tax-exempt reserves | 132 | €365,995 | €250,434 | -€115,561 | -31.6% |
| Distributable reserves | 133 | €1,433,405 | €1,108,565 | -€324,840 | -22.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Investment grants | 15 | €576,360 | €512,360 | -€64,000 | -11.1% |
| Provisions and deferred taxes | 16 | €144,090 | €128,090 | -€16,000 | -11.1% |
| Deferred taxes | 168 | €144,090 | €128,090 | -€16,000 | -11.1% |
| Amounts payable | 17/49 | €1,044,761 | €1,704,823 | +€660,062 | +63.2% |
| Amounts payable after more than one year | 17 | €652,412 | €584,412 | -€68,000 | -10.4% |
| Financial debts | 170/4 | €652,412 | €584,412 | -€68,000 | -10.4% |
| Amounts payable within one year | 42/48 | €392,349 | €1,113,528 | +€721,178 | +184% |
| Current portion of amounts payable after more than one year | 42 | €65,309 | €68,000 | +€2,692 | +4.1% |
| Trade debts | 44 | €220,770 | €160,132 | -€60,638 | -27.5% |
| Suppliers | 440/4 | €220,770 | €160,132 | -€60,638 | -27.5% |
| Taxes, remuneration and social security | 45 | €10,995 | €86,139 | +€75,143 | +683% |
| Taxes | 450/3 | - | €71,839 | +€71,839 | |
| Remuneration and social security | 454/9 | €10,995 | €14,300 | +€3,304 | +30.1% |
| Other amounts payable | 47/48 | €95,275 | €799,257 | +€703,982 | +739% |
| Accrued charges and deferred income | 492/3 | - | €6,884 | +€6,884 | |
| Remuneration, social security and pensions | 62 | €575,873 | €762,989 | +€187,115 | +32.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €277,811 | €337,278 | +€59,467 | +21.4% |
| Other operating charges | 640/8 | €6,826 | €10,129 | +€3,303 | +48.4% |
| Gross operating margin | 9900 | €1,232,508 | €1,454,506 | +€221,998 | +18.0% |
| Operating profit (loss) | 9901 | €371,997 | €344,110 | -€27,887 | -7.5% |
| Financial income | 75/76B | €87,778 | €69,503 | -€18,275 | -20.8% |
| Recurring financial income | 75 | €87,778 | €69,503 | -€18,275 | -20.8% |
| Financial charges | 65/66B | €46,332 | €38,296 | -€8,036 | -17.3% |
| Recurring financial charges | 65 | €46,332 | €38,296 | -€8,036 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | €413,443 | €375,317 | -€38,126 | -9.2% |
| Transfer from deferred taxes | 780 | - | €16,000 | +€16,000 | |
| Income taxes | 67/77 | €112,362 | €127,833 | +€15,471 | +13.8% |
| Profit (loss) for the period | 9904 | €301,080 | €263,484 | -€37,597 | -12.5% |
| Transfer from tax-exempt reserves | 789 | €60,728 | €199,761 | +€139,032 | +229% |
| Transfer to tax-exempt reserves | 689 | €35,785 | €84,200 | +€48,415 | +135% |
| Profit (loss) for the period to be appropriated | 9905 | €326,024 | €379,044 | +€53,021 | +16.3% |
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 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.