VREYE FILIP: 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.
VREYE FILIP
Largest movements
- Receivables within one year -€22,410
down €22,410 (-67.9%), from €32,985 to €10,575
of which Trade receivables: -€23,271
- Deferred charges and accrued income -€14,258
down €14,258 (-80.8%), from €17,641 to €3,383
- Stocks and contracts -€12,121
down €12,121 (-54.1%), from €22,403 to €10,282
of which Stocks: -€9,121
- Tangible fixed assets -€8,197
down €8,197 (-14.4%), from €57,006 to €48,809
of which Plant, machinery and equipment: -€5,551
- Cash +€6,119
up €6,119 (+53.0%), from €11,541 to €17,659
mainly Receivables within one year (+€22,410) and Other debts (+€19,038)
- Profit (loss) carried forward -€51,961
down €51,961 (-74.7%), from -€69,545 to -€121,507
- Other debts +€19,038
up €19,038 (+30.5%), from €62,367 to €81,405
- Advances received -€12,636
down €12,636 (-100%), from €12,636 to €0
- Trade debts -€9,328
down €9,328 (-66.5%), from €14,032 to €4,703
- Tax, wage and social debts +€6,642
up €6,642 (+72.0%), from €9,228 to €15,870
of which Remuneration and social security: +€8,526
- Gross operating margin -€19,082
down €19,082 (-89.7%), from -€21,269 to -€40,351
- Other operating charges -€3,519
down €3,519 (-71.5%), from €4,925 to €1,406
- Depreciation -€1,325
down €1,325 (-13.9%), from €9,522 to €8,197
- Financial charges +€728
up €728 (+35.0%), from €2,079 to €2,808
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 | €141,611 | €90,743 | -€50,868 | -35.9% |
| Fixed assets | 21/28 | €57,041 | €48,844 | -€8,197 | -14.4% |
| Tangible fixed assets | 22/27 | €57,006 | €48,809 | -€8,197 | -14.4% |
| Land and buildings | 22 | €38,623 | €36,759 | -€1,864 | -4.8% |
| Plant, machinery and equipment | 23 | €16,234 | €10,683 | -€5,551 | -34.2% |
| Furniture and vehicles | 24 | €1,212 | €743 | -€469 | -38.7% |
| Other tangible fixed assets | 26 | €937 | €624 | -€313 | -33.4% |
| Financial fixed assets | 28 | €35 | €35 | = | 0.0% |
| Current assets | 29/58 | €84,571 | €41,900 | -€42,671 | -50.5% |
| Stocks and contracts in progress | 3 | €22,403 | €10,282 | -€12,121 | -54.1% |
| Stocks | 30/36 | €19,403 | €10,282 | -€9,121 | -47.0% |
| Contracts in progress | 37 | €3,000 | €0 | -€3,000 | -100% |
| Amounts receivable within one year | 40/41 | €32,985 | €10,575 | -€22,410 | -67.9% |
| Trade receivables | 40 | €30,887 | €7,616 | -€23,271 | -75.3% |
| Other amounts receivable | 41 | €2,099 | €2,959 | +€861 | +41.0% |
| Cash at bank and in hand | 54/58 | €11,541 | €17,659 | +€6,119 | +53.0% |
| Deferred charges and accrued income | 490/1 | €17,641 | €3,383 | -€14,258 | -80.8% |
| Total equity and liabilities | 10/49 | €141,611 | €90,743 | -€50,868 | -35.9% |
| Equity | 10/15 | -€4,445 | -€56,407 | -€51,961 | -1,169% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €45,100 | €45,100 | = | 0.0% |
| Distributable reserves | 133 | €45,100 | €45,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€69,545 | -€121,507 | -€51,961 | -74.7% |
| Amounts payable | 17/49 | €146,057 | €147,150 | +€1,093 | +0.7% |
| Amounts payable after more than one year | 17 | €20,171 | €17,722 | -€2,450 | -12.1% |
| Financial debts | 170/4 | €20,171 | €17,722 | -€2,450 | -12.1% |
| Amounts payable within one year | 42/48 | €125,885 | €129,428 | +€3,543 | +2.8% |
| Current portion of amounts payable after more than one year | 42 | €2,673 | €2,450 | -€223 | -8.4% |
| Financial debts | 43 | €24,950 | €25,000 | +€50 | +0.2% |
| Credit institutions | 430/8 | €24,950 | €25,000 | +€50 | +0.2% |
| Trade debts | 44 | €14,032 | €4,703 | -€9,328 | -66.5% |
| Suppliers | 440/4 | €14,032 | €4,703 | -€9,328 | -66.5% |
| Advances received on contracts in progress | 46 | €12,636 | €0 | -€12,636 | -100% |
| Taxes, remuneration and social security | 45 | €9,228 | €15,870 | +€6,642 | +72.0% |
| Taxes | 450/3 | €4,179 | €2,294 | -€1,884 | -45.1% |
| Remuneration and social security | 454/9 | €5,049 | €13,576 | +€8,526 | +169% |
| Other amounts payable | 47/48 | €62,367 | €81,405 | +€19,038 | +30.5% |
| Non-recurring operating income | 76A | €3,967 | €0 | -€3,967 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,522 | €8,197 | -€1,325 | -13.9% |
| Other operating charges | 640/8 | €4,925 | €1,406 | -€3,519 | -71.5% |
| Gross operating margin | 9900 | -€21,269 | -€40,351 | -€19,082 | -89.7% |
| Operating profit (loss) | 9901 | -€35,717 | -€49,954 | -€14,238 | -39.9% |
| Financial income | 75/76B | €942 | €801 | -€142 | -15.0% |
| Recurring financial income | 75 | €942 | €801 | -€142 | -15.0% |
| Financial charges | 65/66B | €2,079 | €2,808 | +€728 | +35.0% |
| Recurring financial charges | 65 | €2,079 | €2,808 | +€728 | +35.0% |
| Profit (loss) for the period before taxes | 9903 | -€36,854 | -€51,961 | -€15,108 | -41.0% |
| Profit (loss) for the period | 9904 | -€36,854 | -€51,961 | -€15,108 | -41.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€36,854 | -€51,961 | -€15,108 | -41.0% |
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 28 October 2026 via checked.be.