VRIJDAG: 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.
VRIJDAG
Largest movements
- Receivables within one year +€143,739
up €143,739 (+868%), from €16,563 to €160,302
of which Trade receivables: +€143,739
- Cash -€115,522
down €115,522 (-81.9%), from €141,042 to €25,519
mainly Receivables within one year (-€143,739) and Receivables after one year (-€75,000)
- Receivables after one year +€75,000
new in 2025: €75,000
- Tangible fixed assets -€56,799
down €56,799 (-7.4%), from €765,501 to €708,702
of which Land and buildings: -€34,350
- Reserves +€124,366
up €124,366 (+58.1%), from €214,116 to €338,482
- Debts after one year -€68,783
down €68,783 (-11.1%), from €620,138 to €551,355
- Gross operating margin +€54,827
up €54,827 (+30.7%), from €178,838 to €233,665
- Taxes +€18,242
up €18,242 (+108%), from €16,930 to €35,172
- Financial income +€4,358
new in 2025: €4,358
- Depreciation +€2,711
up €2,711 (+4.8%), from €56,493 to €59,204
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 | €1,053,315 | €1,104,098 | +€50,783 | +4.8% |
| Fixed assets | 21/28 | €895,501 | €838,702 | -€56,799 | -6.3% |
| Tangible fixed assets | 22/27 | €765,501 | €708,702 | -€56,799 | -7.4% |
| Land and buildings | 22 | €666,349 | €631,999 | -€34,350 | -5.2% |
| Plant, machinery and equipment | 23 | €5,419 | €6,103 | +€684 | +12.6% |
| Furniture and vehicles | 24 | €93,733 | €70,600 | -€23,133 | -24.7% |
| Financial fixed assets | 28 | €130,000 | €130,000 | = | 0.0% |
| Current assets | 29/58 | €157,815 | €265,396 | +€107,581 | +68.2% |
| Amounts receivable after more than one year | 29 | - | €75,000 | +€75,000 | |
| Trade receivables | 290 | - | €75,000 | +€75,000 | |
| Amounts receivable within one year | 40/41 | €16,563 | €160,302 | +€143,739 | +868% |
| Trade receivables | 40 | €13,493 | €157,232 | +€143,739 | +1,065% |
| Other amounts receivable | 41 | €3,070 | €3,070 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €141,042 | €25,519 | -€115,522 | -81.9% |
| Deferred charges and accrued income | 490/1 | €210 | €4,574 | +€4,364 | +2,081% |
| Total equity and liabilities | 10/49 | €1,053,315 | €1,104,098 | +€50,783 | +4.8% |
| Equity | 10/15 | €350,316 | €474,682 | +€124,366 | +35.5% |
| Contributions | 10/11 | €136,200 | €136,200 | = | 0.0% |
| Reserves | 13 | €214,116 | €338,482 | +€124,366 | +58.1% |
| Distributable reserves | 133 | €214,116 | €338,482 | +€124,366 | +58.1% |
| Amounts payable | 17/49 | €702,999 | €629,415 | -€73,584 | -10.5% |
| Amounts payable after more than one year | 17 | €620,138 | €551,355 | -€68,783 | -11.1% |
| Financial debts | 170/4 | €620,138 | €551,355 | -€68,783 | -11.1% |
| Amounts payable within one year | 42/48 | €78,041 | €73,138 | -€4,902 | -6.3% |
| Current portion of amounts payable after more than one year | 42 | €47,590 | €48,783 | +€1,194 | +2.5% |
| Trade debts | 44 | €14,613 | €7,033 | -€7,580 | -51.9% |
| Suppliers | 440/4 | €14,613 | €7,033 | -€7,580 | -51.9% |
| Taxes, remuneration and social security | 45 | €4,621 | €4,516 | -€106 | -2.3% |
| Taxes | 450/3 | €4,621 | €4,516 | -€106 | -2.3% |
| Other amounts payable | 47/48 | €11,216 | €12,806 | +€1,590 | +14.2% |
| Accrued charges and deferred income | 492/3 | €4,821 | €4,922 | +€102 | +2.1% |
| Non-recurring operating income | 76A | €12,459 | - | -€12,459 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,493 | €59,204 | +€2,711 | +4.8% |
| Other operating charges | 640/8 | €6,188 | €6,427 | +€239 | +3.9% |
| Gross operating margin | 9900 | €178,838 | €233,665 | +€54,827 | +30.7% |
| Operating profit (loss) | 9901 | €116,157 | €168,034 | +€51,876 | +44.7% |
| Financial income | 75/76B | - | €4,358 | +€4,358 | |
| Recurring financial income | 75 | - | €4,358 | +€4,358 | |
| Financial charges | 65/66B | €13,844 | €12,854 | -€990 | -7.2% |
| Recurring financial charges | 65 | €13,844 | €12,854 | -€990 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | €102,313 | €159,538 | +€57,225 | +55.9% |
| Income taxes | 67/77 | €16,930 | €35,172 | +€18,242 | +108% |
| Profit (loss) for the period | 9904 | €85,383 | €124,366 | +€38,983 | +45.7% |
| Profit (loss) for the period to be appropriated | 9905 | €85,383 | €124,366 | +€38,983 | +45.7% |
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 30 October 2026 via checked.be.