VJ DESTOCK: 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.
VJ DESTOCK
Largest movements
- Receivables within one year -€324,595
down €324,595 (-59.6%), from €544,730 to €220,136
of which Trade receivables: -€478,865
- Stocks and contracts +€108,686
up €108,686 (+42.7%), from €254,515 to €363,201
- Other debts -€215,813
down €215,813 (-32.5%), from €664,058 to €448,245
- Trade debts -€82,531
down €82,531 (-67.9%), from €121,465 to €38,934
- Tax, wage and social debts +€72,622
up €72,622 (+347.6%), from €20,891 to €93,513
of which Taxes: +€73,708
- Advances received +€19,462
new in 2025: €19,462
- Gross operating margin -€53,688
down €53,688 (-66.2%), from €81,081 to €27,393
- Other operating charges -€27,492
down €27,492 (-94.1%), from €29,227 to €1,736
- Staff costs -€14,597
down €14,597 (-46.1%), from €31,664 to €17,067
- Financial charges +€6,587
up €6,587 (+566.6%), from €1,162 to €7,749
- Depreciation -€2,580
no longer reported in 2025 (was €2,580)
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €817,504 | €604,375 | -€213,129 | -26.1% |
| Fixed assets | 21/28 | €15,226 | €15,226 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €15,226 | €15,226 | = | 0.0% |
| Current assets | 29/58 | €802,278 | €589,150 | -€213,129 | -26.6% |
| Stocks and contracts in progress | 3 | €254,515 | €363,201 | +€108,686 | +42.7% |
| Stocks | 30/36 | €254,515 | €363,201 | +€108,686 | +42.7% |
| Amounts receivable within one year | 40/41 | €544,730 | €220,136 | -€324,595 | -59.6% |
| Trade receivables | 40 | €525,450 | €46,585 | -€478,865 | -91.1% |
| Other amounts receivable | 41 | €19,281 | €173,551 | +€154,270 | +800.1% |
| Cash at bank and in hand | 54/58 | €3,033 | €5,813 | +€2,780 | +91.7% |
| Total equity and liabilities | 10/49 | €817,504 | €604,375 | -€213,129 | -26.1% |
| Equity | 10/15 | €3,381 | €4,222 | +€841 | +24.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,079 | -€16,238 | +€841 | +4.9% |
| Amounts payable | 17/49 | €814,122 | €600,153 | -€213,969 | -26.3% |
| Amounts payable within one year | 42/48 | €814,122 | €600,153 | -€213,969 | -26.3% |
| Current portion of amounts payable after more than one year | 42 | €7,709 | €0 | -€7,709 | -100.0% |
| Trade debts | 44 | €121,465 | €38,934 | -€82,531 | -67.9% |
| Suppliers | 440/4 | €121,465 | €38,934 | -€82,531 | -67.9% |
| Advances received on contracts in progress | 46 | - | €19,462 | +€19,462 | |
| Taxes, remuneration and social security | 45 | €20,891 | €93,513 | +€72,622 | +347.6% |
| Taxes | 450/3 | €19,805 | €93,513 | +€73,708 | +372.2% |
| Remuneration and social security | 454/9 | €1,086 | - | -€1,086 | |
| Other amounts payable | 47/48 | €664,058 | €448,245 | -€215,813 | -32.5% |
| Remuneration, social security and pensions | 62 | €31,664 | €17,067 | -€14,597 | -46.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,580 | - | -€2,580 | |
| Other operating charges | 640/8 | €29,227 | €1,736 | -€27,492 | -94.1% |
| Gross operating margin | 9900 | €81,081 | €27,393 | -€53,688 | -66.2% |
| Operating profit (loss) | 9901 | €17,609 | €8,590 | -€9,020 | -51.2% |
| Financial charges | 65/66B | €1,162 | €7,749 | +€6,587 | +566.6% |
| Recurring financial charges | 65 | €1,162 | €7,749 | +€6,587 | +566.6% |
| Profit (loss) for the period before taxes | 9903 | €16,447 | €841 | -€15,606 | -94.9% |
| Profit (loss) for the period | 9904 | €16,447 | €841 | -€15,606 | -94.9% |
| Profit (loss) for the period to be appropriated | 9905 | €16,447 | €841 | -€15,606 | -94.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 January 2024 and 31 January 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.