VVRIJDAGHS: 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.
VVRIJDAGHS
Largest movements
- Current investments -€105,396
down €105,396 (-85.0%), from €124,000 to €18,605
- Tangible fixed assets +€81,038
up €81,038 (+10,022%), from €809 to €81,847
of which Land and buildings: +€81,794
- Cash -€37,657
down €37,657 (-45.9%), from €82,103 to €44,446
mainly Contributions, distributions and other (-€364,354) and Investment in fixed assets (net) (-€90,572)
- Receivables within one year +€14,762
up €14,762 (+25.5%), from €57,795 to €72,557
of which Other amounts receivable: +€18,564
- Reserves -€239,803
no longer reported in 2025 (was €239,803)
- Other debts +€112,168
new in 2025: €112,168
- Debts after one year +€68,487
new in 2025: €68,487
- Tax, wage and social debts +€7,143
up €7,143 (+28.0%), from €25,500 to €32,643
- Current portion of long-term debt +€6,259
new in 2025: €6,259
- Depreciation +€7,975
up €7,975 (+512%), from €1,558 to €9,534
- Taxes +€2,227
up €2,227 (+5.5%), from €40,782 to €43,010
- Financial charges +€2,189
up €2,189 (+526%), from €416 to €2,605
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 | €270,161 | €224,786 | -€45,375 | -16.8% |
| Fixed assets | 21/28 | €809 | €81,847 | +€81,038 | +10,022% |
| Tangible fixed assets | 22/27 | €809 | €81,847 | +€81,038 | +10,022% |
| Land and buildings | 22 | - | €81,794 | +€81,794 | |
| Furniture and vehicles | 24 | €809 | €53 | -€756 | -93.5% |
| Current assets | 29/58 | €269,352 | €142,939 | -€126,413 | -46.9% |
| Amounts receivable within one year | 40/41 | €57,795 | €72,557 | +€14,762 | +25.5% |
| Trade receivables | 40 | €8,941 | €5,139 | -€3,802 | -42.5% |
| Other amounts receivable | 41 | €48,854 | €67,418 | +€18,564 | +38.0% |
| Current investments | 50/53 | €124,000 | €18,605 | -€105,396 | -85.0% |
| Cash at bank and in hand | 54/58 | €82,103 | €44,446 | -€37,657 | -45.9% |
| Deferred charges and accrued income | 490/1 | €5,454 | €7,331 | +€1,877 | +34.4% |
| Total equity and liabilities | 10/49 | €270,161 | €224,786 | -€45,375 | -16.8% |
| Equity | 10/15 | €242,803 | €3,000 | -€239,803 | -98.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €239,803 | - | -€239,803 | |
| Distributable reserves | 133 | €239,803 | - | -€239,803 | |
| Amounts payable | 17/49 | €27,358 | €221,786 | +€194,428 | +711% |
| Amounts payable after more than one year | 17 | - | €68,487 | +€68,487 | |
| Financial debts | 170/4 | - | €68,487 | +€68,487 | |
| Amounts payable within one year | 42/48 | €27,358 | €153,299 | +€125,941 | +460% |
| Current portion of amounts payable after more than one year | 42 | - | €6,259 | +€6,259 | |
| Trade debts | 44 | €1,858 | €2,229 | +€371 | +20.0% |
| Suppliers | 440/4 | €1,858 | €2,229 | +€371 | +20.0% |
| Taxes, remuneration and social security | 45 | €25,500 | €32,643 | +€7,143 | +28.0% |
| Taxes | 450/3 | €25,500 | €32,643 | +€7,143 | +28.0% |
| Other amounts payable | 47/48 | - | €112,168 | +€112,168 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,558 | €9,534 | +€7,975 | +512% |
| Other operating charges | 640/8 | €296 | €721 | +€425 | +144% |
| Non-recurring operating charges | 66A | - | €64 | +€64 | |
| Gross operating margin | 9900 | €177,961 | €178,783 | +€822 | +0.5% |
| Operating profit (loss) | 9901 | €176,107 | €168,464 | -€7,643 | -4.3% |
| Financial income | 75/76B | €2,208 | €1,703 | -€505 | -22.9% |
| Recurring financial income | 75 | €2,208 | €1,703 | -€505 | -22.9% |
| Financial charges | 65/66B | €416 | €2,605 | +€2,189 | +526% |
| Recurring financial charges | 65 | €416 | €2,605 | +€2,189 | +526% |
| Profit (loss) for the period before taxes | 9903 | €177,898 | €167,561 | -€10,337 | -5.8% |
| Income taxes | 67/77 | €40,782 | €43,010 | +€2,227 | +5.5% |
| Profit (loss) for the period | 9904 | €137,116 | €124,552 | -€12,565 | -9.2% |
| Profit (loss) for the period to be appropriated | 9905 | €137,116 | €124,552 | -€12,565 | -9.2% |
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 25 October 2026 via checked.be.