't Vuurhof: 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.
't Vuurhof
Largest movements
- Tangible fixed assets -€13,485
down €13,485 (-2.4%), from €573,745 to €560,260
of which Land and buildings: -€19,311
- Other debts -€36,276
no longer reported in 2025 (was €36,276)
- Short-term financial debts +€19,190
new in 2025: €19,190
- Trade debts -€11,956
down €11,956 (-43.9%), from €27,230 to €15,274
- Profit (loss) carried forward +€11,391
up €11,391 (+27.5%), from -€41,462 to -€30,071
- Current portion of long-term debt +€6,681
up €6,681 (+32.2%), from €20,777 to €27,458
- Gross operating margin +€39,892
up €39,892 (+169%), from €23,591 to €63,484
- Financial charges +€2,138
up €2,138 (+8.0%), from €26,872 to €29,010
- Depreciation +€1,285
up €1,285 (+6.2%), from €20,764 to €22,049
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 | €594,294 | €581,496 | -€12,799 | -2.2% |
| Fixed assets | 21/28 | €574,645 | €561,160 | -€13,485 | -2.3% |
| Tangible fixed assets | 22/27 | €573,745 | €560,260 | -€13,485 | -2.4% |
| Land and buildings | 22 | €569,745 | €550,434 | -€19,311 | -3.4% |
| Other tangible fixed assets | 26 | €4,000 | €9,826 | +€5,826 | +146% |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €19,650 | €20,335 | +€686 | +3.5% |
| Amounts receivable within one year | 40/41 | €16,431 | €19,344 | +€2,913 | +17.7% |
| Trade receivables | 40 | €14,039 | €13,327 | -€712 | -5.1% |
| Other amounts receivable | 41 | €2,393 | €6,017 | +€3,624 | +151% |
| Cash at bank and in hand | 54/58 | €3,190 | €6 | -€3,184 | -99.8% |
| Deferred charges and accrued income | 490/1 | €29 | €985 | +€957 | +3,332% |
| Total equity and liabilities | 10/49 | €594,294 | €581,496 | -€12,799 | -2.2% |
| Equity | 10/15 | -€38,962 | -€27,571 | +€11,391 | +29.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,462 | -€30,071 | +€11,391 | +27.5% |
| Amounts payable | 17/49 | €633,257 | €609,066 | -€24,190 | -3.8% |
| Amounts payable after more than one year | 17 | €541,985 | €536,138 | -€5,847 | -1.1% |
| Financial debts | 170/4 | €541,985 | €536,138 | -€5,847 | -1.1% |
| Amounts payable within one year | 42/48 | €91,271 | €72,928 | -€18,343 | -20.1% |
| Current portion of amounts payable after more than one year | 42 | €20,777 | €27,458 | +€6,681 | +32.2% |
| Financial debts | 43 | - | €19,190 | +€19,190 | |
| Credit institutions | 430/8 | - | €19,190 | +€19,190 | |
| Trade debts | 44 | €27,230 | €15,274 | -€11,956 | -43.9% |
| Suppliers | 440/4 | €27,230 | €15,274 | -€11,956 | -43.9% |
| Taxes, remuneration and social security | 45 | €6,987 | €11,007 | +€4,019 | +57.5% |
| Taxes | 450/3 | €6,987 | €11,007 | +€4,019 | +57.5% |
| Other amounts payable | 47/48 | €36,276 | - | -€36,276 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,764 | €22,049 | +€1,285 | +6.2% |
| Other operating charges | 640/8 | €682 | €1,224 | +€542 | +79.4% |
| Gross operating margin | 9900 | €23,591 | €63,484 | +€39,892 | +169% |
| Operating profit (loss) | 9901 | €2,145 | €40,210 | +€38,065 | +1,775% |
| Financial income | 75/76B | €6 | €191 | +€185 | +2,971% |
| Recurring financial income | 75 | €6 | €191 | +€185 | +2,971% |
| Financial charges | 65/66B | €26,872 | €29,010 | +€2,138 | +8.0% |
| Recurring financial charges | 65 | €26,872 | €29,010 | +€2,138 | +8.0% |
| Profit (loss) for the period before taxes | 9903 | -€24,721 | €11,391 | +€36,112 | |
| Profit (loss) for the period | 9904 | -€24,721 | €11,391 | +€36,112 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,721 | €11,391 | +€36,112 |
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 26 October 2026 via checked.be.