Vriespunt: 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.
Vriespunt
Largest movements
- Current investments +€40,135
up €40,135 (+57.2%), from €70,127 to €110,262
- Intangible fixed assets -€31,250
down €31,250 (-16.7%), from €187,457 to €156,207
- Receivables within one year +€29,777
up €29,777 (+97.5%), from €30,530 to €60,307
of which Trade receivables: +€41,551
- Formation expenses -€23,000
down €23,000 (-40.0%), from €57,437 to €34,437
- Cash +€18,893
up €18,893 (+25.2%), from €74,960 to €93,853
mainly Depreciation (+€134,829) and Trade debts (+€53,926)
- Trade debts +€53,926
up €53,926 (+24.3%), from €222,271 to €276,197
- Debts after one year -€44,621
down €44,621 (-5.6%), from €791,082 to €746,460
- Depreciation +€14,758
up €14,758 (+12.3%), from €120,071 to €134,829
- Gross operating margin +€10,046
up €10,046 (+5.1%), from €197,842 to €207,888
- Financial income -€4,737
down €4,737 (-91.0%), from €5,206 to €469
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 | €1,649,082 | €1,663,626 | +€14,543 | +0.9% |
| Formation expenses | 20 | €57,437 | €34,437 | -€23,000 | -40.0% |
| Fixed assets | 21/28 | €1,345,693 | €1,295,812 | -€49,881 | -3.7% |
| Intangible fixed assets | 21 | €187,457 | €156,207 | -€31,250 | -16.7% |
| Tangible fixed assets | 22/27 | €1,158,131 | €1,139,500 | -€18,631 | -1.6% |
| Land and buildings | 22 | €107,276 | €91,833 | -€15,443 | -14.4% |
| Plant, machinery and equipment | 23 | €111,387 | €103,219 | -€8,168 | -7.3% |
| Other tangible fixed assets | 26 | €939,467 | €944,448 | +€4,980 | +0.5% |
| Financial fixed assets | 28 | €105 | €105 | = | 0.0% |
| Current assets | 29/58 | €245,952 | €333,376 | +€87,424 | +35.5% |
| Stocks and contracts in progress | 3 | €69,344 | €68,464 | -€880 | -1.3% |
| Stocks | 30/36 | €69,344 | €68,464 | -€880 | -1.3% |
| Amounts receivable within one year | 40/41 | €30,530 | €60,307 | +€29,777 | +97.5% |
| Trade receivables | 40 | €17,424 | €58,975 | +€41,551 | +238% |
| Other amounts receivable | 41 | €13,106 | €1,332 | -€11,774 | -89.8% |
| Current investments | 50/53 | €70,127 | €110,262 | +€40,135 | +57.2% |
| Cash at bank and in hand | 54/58 | €74,960 | €93,853 | +€18,893 | +25.2% |
| Deferred charges and accrued income | 490/1 | €991 | €490 | -€501 | -50.6% |
| Total equity and liabilities | 10/49 | €1,649,082 | €1,663,626 | +€14,543 | +0.9% |
| Equity | 10/15 | €540,295 | €545,826 | +€5,531 | +1.0% |
| Contributions | 10/11 | €173,500 | €173,500 | = | 0.0% |
| Reserves | 13 | €47,341 | €52,872 | +€5,531 | +11.7% |
| Distributable reserves | 133 | €47,341 | €52,872 | +€5,531 | +11.7% |
| Profit (loss) carried forward | 14 | €319,454 | €319,454 | = | 0.0% |
| Amounts payable | 17/49 | €1,108,787 | €1,117,800 | +€9,013 | +0.8% |
| Amounts payable after more than one year | 17 | €791,082 | €746,460 | -€44,621 | -5.6% |
| Financial debts | 170/4 | €791,082 | €746,460 | -€44,621 | -5.6% |
| Amounts payable within one year | 42/48 | €317,706 | €371,340 | +€53,634 | +16.9% |
| Current portion of amounts payable after more than one year | 42 | €44,171 | €44,621 | +€450 | +1.0% |
| Trade debts | 44 | €222,271 | €276,197 | +€53,926 | +24.3% |
| Suppliers | 440/4 | €222,271 | €276,197 | +€53,926 | +24.3% |
| Taxes, remuneration and social security | 45 | €11,018 | €10,975 | -€43 | -0.4% |
| Taxes | 450/3 | €3,077 | €959 | -€2,118 | -68.8% |
| Remuneration and social security | 454/9 | €7,941 | €10,016 | +€2,075 | +26.1% |
| Other amounts payable | 47/48 | €40,245 | €39,546 | -€699 | -1.7% |
| Non-recurring operating income | 76A | - | €495 | +€495 | |
| Remuneration, social security and pensions | 62 | €49,748 | €50,602 | +€854 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €120,071 | €134,829 | +€14,758 | +12.3% |
| Other operating charges | 640/8 | €6,690 | €7,747 | +€1,056 | +15.8% |
| Gross operating margin | 9900 | €197,842 | €207,888 | +€10,046 | +5.1% |
| Operating profit (loss) | 9901 | €21,333 | €14,710 | -€6,623 | -31.0% |
| Financial income | 75/76B | €5,206 | €469 | -€4,737 | -91.0% |
| Recurring financial income | 75 | €5,206 | €469 | -€4,737 | -91.0% |
| Financial charges | 65/66B | €9,955 | €8,548 | -€1,407 | -14.1% |
| Recurring financial charges | 65 | €9,955 | €8,548 | -€1,407 | -14.1% |
| Profit (loss) for the period before taxes | 9903 | €16,584 | €6,631 | -€9,953 | -60.0% |
| Income taxes | 67/77 | €3,077 | €1,100 | -€1,977 | -64.2% |
| Profit (loss) for the period | 9904 | €13,507 | €5,531 | -€7,976 | -59.1% |
| Profit (loss) for the period to be appropriated | 9905 | €13,507 | €5,531 | -€7,976 | -59.1% |
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 23 October 2026 via checked.be.