REMY VAESSEN: 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.
REMY VAESSEN
Largest movements
- Tangible fixed assets +€58,571
up €58,571 (+91.2%), from €64,233 to €122,804
of which Leasing and similar rights: +€46,100
- Current investments +€50,000
up €50,000 (+100%), from €50,000 to €100,000
- Cash -€17,192
down €17,192 (-6.2%), from €276,461 to €259,269
mainly Investment in fixed assets (net) (-€90,703) and Current investments (-€50,000)
- Receivables within one year -€17,162
down €17,162 (-15.9%), from €108,218 to €91,056
of which Trade receivables: -€23,751
- Reserves +€94,258
up €94,258 (+22.7%), from €415,469 to €509,726
of which Distributable reserves: +€94,258
- Other debts -€38,062
down €38,062 (-80.9%), from €47,059 to €8,997
- Debts after one year +€23,747
up €23,747 (+62.4%), from €38,056 to €61,803
- Tax, wage and social debts -€9,902
down €9,902 (-26.8%), from €36,979 to €27,077
of which Remuneration and social security: -€7,768
- Current portion of long-term debt +€7,920
up €7,920 (+70.8%), from €11,186 to €19,106
- Staff costs +€57,908
up €57,908 (+30.7%), from €188,629 to €246,537
- Taxes -€21,475
down €21,475 (-34.7%), from €61,825 to €40,349
- Depreciation +€14,343
up €14,343 (+80.6%), from €17,788 to €32,131
- Gross operating margin -€9,778
down €9,778 (-2.3%), from €426,334 to €416,556
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 | €555,625 | €633,239 | +€77,613 | +14.0% |
| Fixed assets | 21/28 | €64,233 | €122,804 | +€58,571 | +91.2% |
| Tangible fixed assets | 22/27 | €64,233 | €122,804 | +€58,571 | +91.2% |
| Plant, machinery and equipment | 23 | €20,288 | €45,997 | +€25,708 | +127% |
| Furniture and vehicles | 24 | €35,352 | €23,123 | -€12,230 | -34.6% |
| Leasing and similar rights | 25 | - | €46,100 | +€46,100 | |
| Other tangible fixed assets | 26 | €8,593 | €7,585 | -€1,007 | -11.7% |
| Current assets | 29/58 | €491,392 | €510,434 | +€19,042 | +3.9% |
| Stocks and contracts in progress | 3 | €48,165 | €49,368 | +€1,203 | +2.5% |
| Stocks | 30/36 | €48,165 | €49,368 | +€1,203 | +2.5% |
| Amounts receivable within one year | 40/41 | €108,218 | €91,056 | -€17,162 | -15.9% |
| Trade receivables | 40 | €74,120 | €50,369 | -€23,751 | -32.0% |
| Other amounts receivable | 41 | €34,098 | €40,687 | +€6,589 | +19.3% |
| Current investments | 50/53 | €50,000 | €100,000 | +€50,000 | +100% |
| Cash at bank and in hand | 54/58 | €276,461 | €259,269 | -€17,192 | -6.2% |
| Deferred charges and accrued income | 490/1 | €8,548 | €10,741 | +€2,193 | +25.7% |
| Total equity and liabilities | 10/49 | €555,625 | €633,239 | +€77,613 | +14.0% |
| Equity | 10/15 | €416,469 | €510,726 | +€94,258 | +22.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €415,469 | €509,726 | +€94,258 | +22.7% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €100 | €100 | = | 0.0% |
| Distributable reserves | 133 | €415,369 | €509,626 | +€94,258 | +22.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €139,157 | €122,512 | -€16,644 | -12.0% |
| Amounts payable after more than one year | 17 | €38,056 | €61,803 | +€23,747 | +62.4% |
| Financial debts | 170/4 | €38,056 | €61,803 | +€23,747 | +62.4% |
| Amounts payable within one year | 42/48 | €101,101 | €60,710 | -€40,391 | -40.0% |
| Current portion of amounts payable after more than one year | 42 | €11,186 | €19,106 | +€7,920 | +70.8% |
| Trade debts | 44 | €5,877 | €5,531 | -€347 | -5.9% |
| Suppliers | 440/4 | €5,877 | €5,531 | -€347 | -5.9% |
| Taxes, remuneration and social security | 45 | €36,979 | €27,077 | -€9,902 | -26.8% |
| Taxes | 450/3 | €8,481 | €6,347 | -€2,135 | -25.2% |
| Remuneration and social security | 454/9 | €28,498 | €20,730 | -€7,768 | -27.3% |
| Other amounts payable | 47/48 | €47,059 | €8,997 | -€38,062 | -80.9% |
| Remuneration, social security and pensions | 62 | €188,629 | €246,537 | +€57,908 | +30.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,788 | €32,131 | +€14,343 | +80.6% |
| Other operating charges | 640/8 | €4,327 | €4,624 | +€297 | +6.9% |
| Gross operating margin | 9900 | €426,334 | €416,556 | -€9,778 | -2.3% |
| Operating profit (loss) | 9901 | €215,590 | €133,263 | -€82,327 | -38.2% |
| Financial income | 75/76B | €3,235 | €3,202 | -€32 | -1.0% |
| Recurring financial income | 75 | €3,235 | €3,202 | -€32 | -1.0% |
| Financial charges | 65/66B | €904 | €1,859 | +€955 | +106% |
| Recurring financial charges | 65 | €904 | €1,859 | +€955 | +106% |
| Profit (loss) for the period before taxes | 9903 | €217,921 | €134,607 | -€83,314 | -38.2% |
| Income taxes | 67/77 | €61,825 | €40,349 | -€21,475 | -34.7% |
| Profit (loss) for the period | 9904 | €156,096 | €94,258 | -€61,839 | -39.6% |
| Profit (loss) for the period to be appropriated | 9905 | €156,096 | €94,258 | -€61,839 | -39.6% |
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 29 October 2026 via checked.be.