Vijvers Verelst: 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.
Vijvers Verelst
Largest movements
- Cash +€56,729
up €56,729 (+409%), from €13,873 to €70,602
mainly Net result for the year (+€50,005) and Current investments (+€49,323)
- Current investments -€49,323
down €49,323 (-69.8%), from €70,676 to €21,353
- Tangible fixed assets +€46,095
up €46,095 (+64.5%), from €71,443 to €117,538
of which Furniture and vehicles: +€36,071
- Stocks and contracts +€33,460
new in 2025: €33,460
- Receivables within one year -€20,802
down €20,802 (-52.3%), from €39,804 to €19,002
of which Trade receivables: -€21,784
- Reserves +€50,005
up €50,005 (+64.6%), from €77,420 to €127,425
- Tax, wage and social debts +€29,521
up €29,521 (+103%), from €28,641 to €58,162
of which Taxes: +€19,407
- Debts after one year -€14,808
down €14,808 (-34.8%), from €42,596 to €27,788
- Trade debts +€5,675
up €5,675 (+17.0%), from €33,459 to €39,134
- Staff costs +€109,536
up €109,536 (+386%), from €28,412 to €137,948
- Gross operating margin +€84,726
up €84,726 (+58.8%), from €144,190 to €228,917
- Depreciation +€7,298
up €7,298 (+47.5%), from €15,377 to €22,675
- Taxes -€6,034
down €6,034 (-30.2%), from €19,996 to €13,962
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 | €198,740 | €270,653 | +€71,913 | +36.2% |
| Fixed assets | 21/28 | €71,443 | €117,538 | +€46,095 | +64.5% |
| Tangible fixed assets | 22/27 | €71,443 | €117,538 | +€46,095 | +64.5% |
| Plant, machinery and equipment | 23 | €9,223 | €19,246 | +€10,023 | +109% |
| Furniture and vehicles | 24 | €62,221 | €98,292 | +€36,071 | +58.0% |
| Current assets | 29/58 | €127,297 | €153,115 | +€25,818 | +20.3% |
| Stocks and contracts in progress | 3 | - | €33,460 | +€33,460 | |
| Stocks | 30/36 | - | €33,460 | +€33,460 | |
| Amounts receivable within one year | 40/41 | €39,804 | €19,002 | -€20,802 | -52.3% |
| Trade receivables | 40 | €37,480 | €15,696 | -€21,784 | -58.1% |
| Other amounts receivable | 41 | €2,324 | €3,306 | +€982 | +42.3% |
| Current investments | 50/53 | €70,676 | €21,353 | -€49,323 | -69.8% |
| Cash at bank and in hand | 54/58 | €13,873 | €70,602 | +€56,729 | +409% |
| Deferred charges and accrued income | 490/1 | €2,944 | €8,699 | +€5,755 | +196% |
| Total equity and liabilities | 10/49 | €198,740 | €270,653 | +€71,913 | +36.2% |
| Equity | 10/15 | €79,920 | €129,925 | +€50,005 | +62.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €77,420 | €127,425 | +€50,005 | +64.6% |
| Distributable reserves | 133 | €77,420 | €127,425 | +€50,005 | +64.6% |
| Amounts payable | 17/49 | €118,820 | €140,728 | +€21,908 | +18.4% |
| Amounts payable after more than one year | 17 | €42,596 | €27,788 | -€14,808 | -34.8% |
| Financial debts | 170/4 | €42,596 | €27,788 | -€14,808 | -34.8% |
| Amounts payable within one year | 42/48 | €76,224 | €112,103 | +€35,879 | +47.1% |
| Current portion of amounts payable after more than one year | 42 | €14,125 | €14,808 | +€682 | +4.8% |
| Trade debts | 44 | €33,459 | €39,134 | +€5,675 | +17.0% |
| Suppliers | 440/4 | €33,459 | €39,134 | +€5,675 | +17.0% |
| Taxes, remuneration and social security | 45 | €28,641 | €58,162 | +€29,521 | +103% |
| Taxes | 450/3 | €24,953 | €44,359 | +€19,407 | +77.8% |
| Remuneration and social security | 454/9 | €3,688 | €13,803 | +€10,114 | +274% |
| Accrued charges and deferred income | 492/3 | - | €837 | +€837 | |
| Remuneration, social security and pensions | 62 | €28,412 | €137,948 | +€109,536 | +386% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,377 | €22,675 | +€7,298 | +47.5% |
| Other operating charges | 640/8 | €1,608 | €1,173 | -€435 | -27.0% |
| Gross operating margin | 9900 | €144,190 | €228,917 | +€84,726 | +58.8% |
| Operating profit (loss) | 9901 | €98,793 | €67,120 | -€31,673 | -32.1% |
| Financial income | 75/76B | €1,343 | €1,084 | -€259 | -19.3% |
| Recurring financial income | 75 | €1,343 | €1,084 | -€259 | -19.3% |
| Financial charges | 65/66B | €2,720 | €4,237 | +€1,518 | +55.8% |
| Recurring financial charges | 65 | €2,720 | €4,237 | +€1,518 | +55.8% |
| Profit (loss) for the period before taxes | 9903 | €97,416 | €63,967 | -€33,449 | -34.3% |
| Income taxes | 67/77 | €19,996 | €13,962 | -€6,034 | -30.2% |
| Profit (loss) for the period | 9904 | €77,420 | €50,005 | -€27,415 | -35.4% |
| Profit (loss) for the period to be appropriated | 9905 | €77,420 | €50,005 | -€27,415 | -35.4% |
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 27 October 2026 via checked.be.