Vijverbos: what changed
Two fiscal 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.
What changed
Vijverbos
NACE 70.100, Activities of head offices
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€3.1m
2024 · -€118,011-€3.0m
Equity
-€56,563
2024 · €3.1m-€3.1m
Cash
€114,732
2024 · €76,924+€37,809
Balance sheet total
€5.1m
2024 · €8.3m-€3.2m
Largest movements
Assets
- Financial fixed assets -€3.2m
down €3.2m (-49.7%), from €6.4m to €3.2m
of which Affiliated companies: -€6.4m
- Tangible fixed assets -€134,265
down €134,265 (-7.9%), from €1.7m to €1.6m
of which Land and buildings: -€116,212
- Receivables within one year +€94,950
up €94,950 (+90.8%), from €104,603 to €199,554
of which Trade receivables: +€96,375
Equity and liabilities
- Profit (loss) carried forward -€3.1m
down €3.1m (-106481.6%), from -€2,914 to -€3.1m
Income statement
- Financial charges +€3.2m
up €3.2m (+101233.7%), from €3,159 to €3.2m
of which Non-recurring financial charges: +€3.2m
- Turnover +€125,445
up €125,445 (+49.3%), from €254,323 to €379,768
- Services and other goods -€117,703
down €117,703 (-44.2%), from €266,424 to €148,721
- Financial income -€30,180
down €30,180 (-71.2%), from €42,362 to €12,181
- Goods and materials +€17,904
up €17,904 (+58623.8%), from €31 to €17,934
of which Purchases: +€35,803
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.
Result 2024
-€118,011
Turnover
+€125,445
Other operating income
+€362
Goods and materials
-€17,904
Services and other goods
+€117,703
Depreciation
+€549
Other operating charges
-€821
Financial income
-€30,180
Financial charges
-€3.2m
Taxes
+€62
Result 2025
-€3.1m
Cash bridge derived
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.
From operations
-€3.1m
Investment
+€3.2m
Financing
-€27,750
Cash 2024
€76,924
From operations (derived)
-€3.1m
Net result for the year
-€3.1m
Depreciation
+€135,672
Stocks and contracts
-€17,899
Receivables within one year
-€94,950
Smaller working-capital items
-€1,882
Advances received
+€25,000
Other debts
-€47,807
Investment (derived)
+€3.2m
Investment in fixed assets (net)
+€3.2m
Financing
-€27,750
Debts after one year
-€28,368
Current portion of long-term debt
+€617
Cash 2025
€114,732
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,304,898 | €5,135,233 | -€3.2m | -38.2% |
| Fixed assets | 21/28 | €8,111,409 | €4,787,565 | -€3.3m | -41.0% |
| Tangible fixed assets | 22/27 | €1,694,348 | €1,560,083 | -€134,265 | -7.9% |
| Land and buildings | 22 | €1,504,788 | €1,388,577 | -€116,212 | -7.7% |
| Plant, machinery and equipment | 23 | €15,456 | €12,428 | -€3,028 | -19.6% |
| Furniture and vehicles | 24 | €112,936 | €112,541 | -€395 | -0.3% |
| Leasing and similar rights | 25 | €61,168 | €46,538 | -€14,631 | -23.9% |
| Financial fixed assets | 28 | €6,417,060 | €3,227,482 | -€3.2m | -49.7% |
| Affiliated companies | 280/1 | €6,416,710 | - | -€6.4m | |
| Participating interests | 280 | €1,324,895 | - | -€1.3m | |
| Amounts receivable | 281 | €5,091,815 | - | -€5.1m | |
| Companies linked by participating interests | 282/3 | - | €3,227,482 | +€3.2m | |
| Participating interests | 282 | - | €3,227,482 | +€3.2m | |
| Other financial fixed assets | 284/8 | €350 | - | -€350 | |
| Amounts receivable and cash guarantees | 285/8 | €350 | - | -€350 | |
| Current assets | 29/58 | €193,490 | €347,668 | +€154,178 | +79.7% |
| Stocks and contracts in progress | 3 | €2,150 | €20,049 | +€17,899 | +832.5% |
| Stocks | 30/36 | €2,150 | €20,049 | +€17,899 | +832.5% |
| Goods purchased for resale | 34 | €2,150 | €20,049 | +€17,899 | +832.5% |
| Amounts receivable within one year | 40/41 | €104,603 | €199,554 | +€94,950 | +90.8% |
| Trade receivables | 40 | €71,502 | €167,877 | +€96,375 | +134.8% |
| Other amounts receivable | 41 | €33,101 | €31,677 | -€1,424 | -4.3% |
| Cash at bank and in hand | 54/58 | €76,924 | €114,732 | +€37,809 | +49.2% |
| Deferred charges and accrued income | 490/1 | €9,813 | €13,333 | +€3,520 | +35.9% |
| Total equity and liabilities | 10/49 | €8,304,898 | €5,135,233 | -€3.2m | -38.2% |
| Equity | 10/15 | €3,064,184 | -€56,563 | -€3.1m | |
| Contributions | 10/11 | €1,250,000 | €1,250,000 | = | 0.0% |
| Capital | 10 | €1,250,000 | €1,250,000 | = | 0.0% |
| Issued capital | 100 | €1,250,000 | €1,250,000 | = | 0.0% |
| Reserves | 13 | €1,817,098 | €1,799,182 | -€17,916 | -1.0% |
| Non-distributable reserves | 130/1 | €35,000 | €35,000 | = | 0.0% |
| Legal reserve | 130 | €35,000 | €35,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €332,098 | €314,182 | -€17,916 | -5.4% |
| Distributable reserves | 133 | €1,450,000 | €1,450,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,914 | -€3,105,744 | -€3.1m | -106481.6% |
| Provisions and deferred taxes | 16 | €62,561 | €56,589 | -€5,972 | -9.5% |
| Deferred taxes | 168 | €62,561 | €56,589 | -€5,972 | -9.5% |
| Amounts payable | 17/49 | €5,178,154 | €5,135,207 | -€42,947 | -0.8% |
| Amounts payable after more than one year | 17 | €5,039,099 | €5,010,732 | -€28,368 | -0.6% |
| Financial debts | 170/4 | €48,159 | €33,662 | -€14,498 | -30.1% |
| Leasing and similar obligations | 172 | €48,159 | €33,662 | -€14,498 | -30.1% |
| Other amounts payable | 178/9 | €4,990,940 | €4,977,070 | -€13,870 | -0.3% |
| Amounts payable within one year | 42/48 | €130,955 | €112,275 | -€18,679 | -14.3% |
| Current portion of amounts payable after more than one year | 42 | €13,880 | €14,498 | +€617 | +4.4% |
| Trade debts | 44 | €43,653 | €45,389 | +€1,736 | +4.0% |
| Suppliers | 440/4 | €43,653 | €45,389 | +€1,736 | +4.0% |
| Advances received on contracts in progress | 46 | - | €25,000 | +€25,000 | |
| Taxes, remuneration and social security | 45 | €2,114 | €3,888 | +€1,774 | +83.9% |
| Taxes | 450/3 | €2,114 | €3,888 | +€1,774 | +83.9% |
| Other amounts payable | 47/48 | €71,308 | €23,501 | -€47,807 | -67.0% |
| Accrued charges and deferred income | 492/3 | €8,100 | €12,200 | +€4,100 | +50.6% |
| Operating income | 70/76A | €260,184 | €385,992 | +€125,808 | +48.4% |
| Turnover | 70 | €254,323 | €379,768 | +€125,445 | +49.3% |
| Other operating income | 74 | €5,861 | €6,224 | +€362 | +6.2% |
| Operating charges | 60/66A | €422,997 | €323,470 | -€99,527 | -23.5% |
| Goods for resale, raw materials and consumables | 60 | €31 | €17,934 | +€17,904 | +58623.8% |
| Purchases | 600/8 | €31 | €35,833 | +€35,803 | +117232.4% |
| Change in stocks: decrease (increase) | 609 | - | -€17,899 | -€17,899 | |
| Services and other goods | 61 | €266,424 | €148,721 | -€117,703 | -44.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €136,221 | €135,672 | -€549 | -0.4% |
| Other operating charges | 640/8 | €20,321 | €21,143 | +€821 | +4.0% |
| Operating profit (loss) | 9901 | -€162,813 | €62,522 | +€225,335 | |
| Financial income | 75/76B | €42,362 | €12,181 | -€30,180 | -71.2% |
| Recurring financial income | 75 | €42,362 | €12,181 | -€30,180 | -71.2% |
| Income from financial fixed assets | 750 | €42,198 | €12,118 | -€30,080 | -71.3% |
| Income from current assets | 751 | €163 | €63 | -€100 | -61.5% |
| Financial charges | 65/66B | €3,159 | €3,201,112 | +€3.2m | +101233.7% |
| Recurring financial charges | 65 | €3,159 | €3,699 | +€540 | +17.1% |
| Debt charges | 650 | €3,120 | €2,905 | -€215 | -6.9% |
| Other financial charges | 652/9 | €39 | €795 | +€755 | +1920.2% |
| Non-recurring financial charges | 66B | - | €3,197,413 | +€3.2m | |
| Profit (loss) for the period before taxes | 9903 | -€123,611 | -€3,126,409 | -€3.0m | -2429.2% |
| Transfer from deferred taxes | 780 | €5,972 | €5,972 | = | 0.0% |
| Income taxes | 67/77 | €372 | €310 | -€62 | -16.8% |
| Taxes | 670/3 | €372 | €310 | -€62 | -16.8% |
| Profit (loss) for the period | 9904 | -€118,011 | -€3,120,746 | -€3.0m | -2544.5% |
| Transfer from tax-exempt reserves | 789 | €17,916 | €17,916 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€100,095 | -€3,102,830 | -€3.0m | -2999.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.