Vishandel De Kust: 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.
Vishandel De Kust
Largest movements
- Receivables within one year -€187,846
down €187,846 (-28.7%), from €655,359 to €467,513
of which Other amounts receivable: -€193,573
- Cash -€43,885
down €43,885 (-31.5%), from €139,114 to €95,228
mainly Contributions, distributions and other (-€244,000) and Tax, wage and social debts (-€64,753)
- Reserves -€148,425
down €148,425 (-14.7%), from €1.0m to €864,135
- Tax, wage and social debts -€64,753
down €64,753 (-89.8%), from €72,108 to €7,355
of which Taxes: -€65,301
- Debts after one year -€19,445
down €19,445 (-36.8%), from €52,778 to €33,333
- Current portion of long-term debt -€16,822
down €16,822 (-46.4%), from €36,267 to €19,445
- Gross operating margin -€503,704
down €503,704 (-71.3%), from €706,548 to €202,844
- Taxes -€241,656
down €241,656 (-86.4%), from €279,796 to €38,140
- Financial income -€234,910
down €234,910 (-87.9%), from €267,289 to €32,379
of which Non-recurring financial income: -€224,360
- Other operating charges -€72,542
down €72,542 (-93.7%), from €77,450 to €4,908
- Financial charges -€11,506
down €11,506 (-89.8%), from €12,809 to €1,304
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 | €1,229,044 | €982,635 | -€246,409 | -20.0% |
| Fixed assets | 21/28 | €428,823 | €418,427 | -€10,396 | -2.4% |
| Tangible fixed assets | 22/27 | €428,823 | €418,427 | -€10,396 | -2.4% |
| Land and buildings | 22 | €406,002 | €384,756 | -€21,246 | -5.2% |
| Plant, machinery and equipment | 23 | €20,652 | €14,963 | -€5,689 | -27.5% |
| Furniture and vehicles | 24 | €2,169 | €18,708 | +€16,539 | +763% |
| Current assets | 29/58 | €800,220 | €564,208 | -€236,012 | -29.5% |
| Amounts receivable within one year | 40/41 | €655,359 | €467,513 | -€187,846 | -28.7% |
| Trade receivables | 40 | €15,116 | €20,843 | +€5,727 | +37.9% |
| Other amounts receivable | 41 | €640,243 | €446,669 | -€193,573 | -30.2% |
| Cash at bank and in hand | 54/58 | €139,114 | €95,228 | -€43,885 | -31.5% |
| Deferred charges and accrued income | 490/1 | €5,748 | €1,467 | -€4,281 | -74.5% |
| Total equity and liabilities | 10/49 | €1,229,044 | €982,635 | -€246,409 | -20.0% |
| Equity | 10/15 | €1,031,159 | €882,735 | -€148,425 | -14.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,012,559 | €864,135 | -€148,425 | -14.7% |
| Distributable reserves | 133 | €1,012,559 | €864,135 | -€148,425 | -14.7% |
| Amounts payable | 17/49 | €197,884 | €99,900 | -€97,984 | -49.5% |
| Amounts payable after more than one year | 17 | €52,778 | €33,333 | -€19,445 | -36.8% |
| Financial debts | 170/4 | €52,778 | €33,333 | -€19,445 | -36.8% |
| Amounts payable within one year | 42/48 | €145,106 | €66,567 | -€78,539 | -54.1% |
| Current portion of amounts payable after more than one year | 42 | €36,267 | €19,445 | -€16,822 | -46.4% |
| Trade debts | 44 | €36,731 | €39,767 | +€3,036 | +8.3% |
| Suppliers | 440/4 | €36,731 | €39,767 | +€3,036 | +8.3% |
| Taxes, remuneration and social security | 45 | €72,108 | €7,355 | -€64,753 | -89.8% |
| Taxes | 450/3 | €68,335 | €3,033 | -€65,301 | -95.6% |
| Remuneration and social security | 454/9 | €3,774 | €4,322 | +€548 | +14.5% |
| Non-recurring operating income | 76A | €485,708 | - | -€485,708 | |
| Remuneration, social security and pensions | 62 | €54,221 | €55,372 | +€1,151 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,411 | €39,924 | -€5,487 | -12.1% |
| Other operating charges | 640/8 | €77,450 | €4,908 | -€72,542 | -93.7% |
| Gross operating margin | 9900 | €706,548 | €202,844 | -€503,704 | -71.3% |
| Operating profit (loss) | 9901 | €529,465 | €102,641 | -€426,825 | -80.6% |
| Financial income | 75/76B | €267,289 | €32,379 | -€234,910 | -87.9% |
| Recurring financial income | 75 | €42,515 | €31,965 | -€10,550 | -24.8% |
| Non-recurring financial income | 76B | €224,774 | €413 | -€224,360 | -99.8% |
| Financial charges | 65/66B | €12,809 | €1,304 | -€11,506 | -89.8% |
| Recurring financial charges | 65 | €12,809 | €1,304 | -€11,506 | -89.8% |
| Profit (loss) for the period before taxes | 9903 | €783,945 | €133,716 | -€650,229 | -82.9% |
| Income taxes | 67/77 | €279,796 | €38,140 | -€241,656 | -86.4% |
| Profit (loss) for the period | 9904 | €504,148 | €95,575 | -€408,573 | -81.0% |
| Profit (loss) for the period to be appropriated | 9905 | €504,148 | €95,575 | -€408,573 | -81.0% |
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.