VREYS J.: 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.
VREYS J.
Largest movements
- Receivables within one year +€18,950
up €18,950 (+2.3%), from €827,302 to €846,252
of which Other amounts receivable: +€74,287
- Cash -€15,619
down €15,619 (-48.5%), from €32,191 to €16,572
mainly Tax, wage and social debts (-€30,063) and Trade debts (-€24,895)
- Reserves +€50,736
up €50,736 (+7.0%), from €721,451 to €772,187
of which Distributable reserves: +€50,736
- Tax, wage and social debts -€30,063
down €30,063 (-30.1%), from €99,768 to €69,705
- Trade debts -€24,895
down €24,895 (-60.8%), from €40,970 to €16,076
- Gross operating margin -€41,905
down €41,905 (-50.3%), from €83,315 to €41,411
- Taxes -€14,834
down €14,834 (-35.0%), from €42,413 to €27,579
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 | €882,189 | €877,967 | -€4,222 | -0.5% |
| Fixed assets | 21/28 | €21,155 | €14,208 | -€6,946 | -32.8% |
| Tangible fixed assets | 22/27 | €21,155 | €14,208 | -€6,946 | -32.8% |
| Plant, machinery and equipment | 23 | €3,797 | €2,723 | -€1,074 | -28.3% |
| Furniture and vehicles | 24 | €17,358 | €11,485 | -€5,873 | -33.8% |
| Current assets | 29/58 | €861,034 | €863,759 | +€2,725 | +0.3% |
| Amounts receivable within one year | 40/41 | €827,302 | €846,252 | +€18,950 | +2.3% |
| Trade receivables | 40 | €55,337 | - | -€55,337 | |
| Other amounts receivable | 41 | €771,965 | €846,252 | +€74,287 | +9.6% |
| Cash at bank and in hand | 54/58 | €32,191 | €16,572 | -€15,619 | -48.5% |
| Deferred charges and accrued income | 490/1 | €1,542 | €935 | -€606 | -39.3% |
| Total equity and liabilities | 10/49 | €882,189 | €877,967 | -€4,222 | -0.5% |
| Equity | 10/15 | €741,451 | €792,187 | +€50,736 | +6.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €721,451 | €772,187 | +€50,736 | +7.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €719,451 | €770,187 | +€50,736 | +7.1% |
| Amounts payable | 17/49 | €140,738 | €85,781 | -€54,957 | -39.0% |
| Amounts payable within one year | 42/48 | €140,738 | €85,781 | -€54,957 | -39.0% |
| Trade debts | 44 | €40,970 | €16,076 | -€24,895 | -60.8% |
| Suppliers | 440/4 | €40,970 | €16,076 | -€24,895 | -60.8% |
| Taxes, remuneration and social security | 45 | €99,768 | €69,705 | -€30,063 | -30.1% |
| Taxes | 450/3 | €99,768 | €69,705 | -€30,063 | -30.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,893 | €6,946 | +€53 | +0.8% |
| Gross operating margin | 9900 | €83,315 | €41,411 | -€41,905 | -50.3% |
| Operating profit (loss) | 9901 | €76,422 | €34,464 | -€41,958 | -54.9% |
| Financial income | 75/76B | €44,007 | €43,851 | -€157 | -0.4% |
| Recurring financial income | 75 | €44,007 | €43,851 | -€157 | -0.4% |
| Financial charges | 65/66B | €10 | €0 | -€10 | -99.2% |
| Recurring financial charges | 65 | €10 | €0 | -€10 | -99.2% |
| Profit (loss) for the period before taxes | 9903 | €120,420 | €78,315 | -€42,105 | -35.0% |
| Income taxes | 67/77 | €42,413 | €27,579 | -€14,834 | -35.0% |
| Profit (loss) for the period | 9904 | €78,007 | €50,736 | -€27,271 | -35.0% |
| Profit (loss) for the period to be appropriated | 9905 | €78,007 | €50,736 | -€27,271 | -35.0% |
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 16 October 2026 via checked.be.