Vuurdoorn: 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.
Vuurdoorn
Largest movements
- Receivables after one year -€246,920
no longer reported in 2025 (was €246,920)
- Current investments +€105,927
up €105,927 (+47.1%), from €225,094 to €331,021
- Cash -€31,582
down €31,582 (-81.9%), from €38,553 to €6,971
mainly Contributions, distributions and other (-€395,548) and Current investments (-€105,927)
- Deferred charges and accrued income -€18,739
no longer reported in 2025 (was €18,739)
- Reserves -€254,385
down €254,385 (-36.1%), from €705,348 to €450,963
- Other debts +€45,823
up €45,823 (+59.5%), from €77,070 to €122,893
- Tax, wage and social debts +€17,716
up €17,716 (+21.8%), from €81,139 to €98,855
- Financial income +€55,573
up €55,573 (+1,297%), from €4,286 to €59,859
- Gross operating margin +€22,520
up €22,520 (+19.2%), from €117,201 to €139,721
- Taxes +€21,161
up €21,161 (+64.2%), from €32,950 to €54,111
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 | €1,140,257 | €945,350 | -€194,907 | -17.1% |
| Fixed assets | 21/28 | €610,005 | €607,358 | -€2,647 | -0.4% |
| Tangible fixed assets | 22/27 | €11,732 | €9,085 | -€2,647 | -22.6% |
| Furniture and vehicles | 24 | €5,715 | €3,680 | -€2,035 | -35.6% |
| Other tangible fixed assets | 26 | €6,017 | €5,405 | -€612 | -10.2% |
| Financial fixed assets | 28 | €598,273 | €598,273 | = | 0.0% |
| Current assets | 29/58 | €530,252 | €337,992 | -€192,260 | -36.3% |
| Amounts receivable after more than one year | 29 | €246,920 | - | -€246,920 | |
| Other amounts receivable | 291 | €246,920 | - | -€246,920 | |
| Amounts receivable within one year | 40/41 | €946 | - | -€946 | |
| Trade receivables | 40 | €946 | - | -€946 | |
| Current investments | 50/53 | €225,094 | €331,021 | +€105,927 | +47.1% |
| Cash at bank and in hand | 54/58 | €38,553 | €6,971 | -€31,582 | -81.9% |
| Deferred charges and accrued income | 490/1 | €18,739 | - | -€18,739 | |
| Total equity and liabilities | 10/49 | €1,140,257 | €945,350 | -€194,907 | -17.1% |
| Equity | 10/15 | €972,348 | €717,963 | -€254,385 | -26.2% |
| Contributions | 10/11 | €267,000 | €267,000 | = | 0.0% |
| Reserves | 13 | €705,348 | €450,963 | -€254,385 | -36.1% |
| Distributable reserves | 133 | €705,348 | €450,963 | -€254,385 | -36.1% |
| Amounts payable | 17/49 | €167,909 | €227,387 | +€59,478 | +35.4% |
| Amounts payable within one year | 42/48 | €167,909 | €227,387 | +€59,478 | +35.4% |
| Trade debts | 44 | €9,700 | €5,639 | -€4,061 | -41.9% |
| Suppliers | 440/4 | €9,700 | €5,639 | -€4,061 | -41.9% |
| Taxes, remuneration and social security | 45 | €81,139 | €98,855 | +€17,716 | +21.8% |
| Taxes | 450/3 | €81,139 | €98,855 | +€17,716 | +21.8% |
| Other amounts payable | 47/48 | €77,070 | €122,893 | +€45,823 | +59.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,805 | €2,647 | -€158 | -5.6% |
| Other operating charges | 640/8 | €1,086 | €1,118 | +€33 | +3.0% |
| Gross operating margin | 9900 | €117,201 | €139,721 | +€22,520 | +19.2% |
| Operating profit (loss) | 9901 | €113,310 | €135,955 | +€22,645 | +20.0% |
| Financial income | 75/76B | €4,286 | €59,859 | +€55,573 | +1,297% |
| Recurring financial income | 75 | €4,286 | €59,859 | +€55,573 | +1,297% |
| Financial charges | 65/66B | €130 | €541 | +€410 | +315% |
| Recurring financial charges | 65 | €130 | €541 | +€410 | +315% |
| Profit (loss) for the period before taxes | 9903 | €117,466 | €195,274 | +€77,808 | +66.2% |
| Income taxes | 67/77 | €32,950 | €54,111 | +€21,161 | +64.2% |
| Profit (loss) for the period | 9904 | €84,516 | €141,163 | +€56,647 | +67.0% |
| Profit (loss) for the period to be appropriated | 9905 | €84,516 | €141,163 | +€56,647 | +67.0% |
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 24 October 2026 via checked.be.