W. De Vries: what changed
W. De Vries
Largest movements
- Cash -€139,309
down €139,309 (-90.6%), from €153,772 to €14,463
mainly Provisions (-€150,000) and Receivables within one year (-€81,103)
- Receivables after one year -€132,981
down €132,981 (-28.4%), from €468,172 to €335,190
- Receivables within one year +€81,103
up €81,103 (+43.4%), from €186,968 to €268,071
of which Other amounts receivable: +€95,536
- Deferred charges and accrued income -€15,231
down €15,231 (-100%), from €15,231 to €0
- Provisions -€150,000
down €150,000 (-100%), from €150,000 to €0
- Tax, wage and social debts -€22,238
down €22,238 (-98.8%), from €22,511 to €273
of which Taxes: -€22,238
- Current portion of long-term debt -€14,323
down €14,323 (-64.7%), from €22,150 to €7,826
- Profit (loss) carried forward -€12,236
down €12,236 (-3.7%), from €330,992 to €318,755
- Other operating charges +€150,161
up €150,161 (+8,330%), from €1,803 to €151,963
- Provisions -€145,000
down €145,000 (-2,900%), from -€5,000 to -€150,000
- Staff costs -€2,743
down €2,743 (-100%), from €2,743 to €0
- Financial income -€2,629
down €2,629 (-16.8%), from €15,655 to €13,026
- Gross operating margin +€2,575
up €2,575 (+13.4%), from -€19,191 to -€16,615
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €824,142 | €617,725 | -€206,418 | -25.0% |
| Current assets | 29/58 | €824,142 | €617,725 | -€206,418 | -25.0% |
| Amounts receivable after more than one year | 29 | €468,172 | €335,190 | -€132,981 | -28.4% |
| Trade receivables | 290 | €468,172 | €335,190 | -€132,981 | -28.4% |
| Amounts receivable within one year | 40/41 | €186,968 | €268,071 | +€81,103 | +43.4% |
| Trade receivables | 40 | €182,612 | €168,179 | -€14,433 | -7.9% |
| Other amounts receivable | 41 | €4,356 | €99,892 | +€95,536 | +2,193% |
| Cash at bank and in hand | 54/58 | €153,772 | €14,463 | -€139,309 | -90.6% |
| Deferred charges and accrued income | 490/1 | €15,231 | €0 | -€15,231 | -100% |
| Total equity and liabilities | 10/49 | €824,142 | €617,725 | -€206,418 | -25.0% |
| Equity | 10/15 | €495,902 | €483,665 | -€12,236 | -2.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €146,310 | €146,310 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €144,450 | €144,450 | = | 0.0% |
| Profit (loss) carried forward | 14 | €330,992 | €318,755 | -€12,236 | -3.7% |
| Provisions and deferred taxes | 16 | €150,000 | €0 | -€150,000 | -100% |
| Provisions for liabilities and charges | 160/5 | €150,000 | €0 | -€150,000 | -100% |
| Other liabilities and charges | 164/5 | €150,000 | €0 | -€150,000 | -100% |
| Amounts payable | 17/49 | €178,241 | €134,059 | -€44,181 | -24.8% |
| Amounts payable after more than one year | 17 | €7,826 | €0 | -€7,826 | -100% |
| Financial debts | 170/4 | €7,826 | €0 | -€7,826 | -100% |
| Amounts payable within one year | 42/48 | €170,415 | €134,059 | -€36,355 | -21.3% |
| Current portion of amounts payable after more than one year | 42 | €22,150 | €7,826 | -€14,323 | -64.7% |
| Financial debts | 43 | €125,000 | €125,000 | = | 0.0% |
| Credit institutions | 430/8 | €125,000 | €125,000 | = | 0.0% |
| Trade debts | 44 | €753 | €144 | -€609 | -80.9% |
| Suppliers | 440/4 | €753 | €144 | -€609 | -80.9% |
| Taxes, remuneration and social security | 45 | €22,511 | €273 | -€22,238 | -98.8% |
| Taxes | 450/3 | €22,511 | €273 | -€22,238 | -98.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €1 | €816 | +€815 | +95,908% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €2,743 | €0 | -€2,743 | -100% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€5,000 | -€150,000 | -€145,000 | -2,900% |
| Other operating charges | 640/8 | €1,803 | €151,963 | +€150,161 | +8,330% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€19,191 | -€16,615 | +€2,575 | +13.4% |
| Operating profit (loss) | 9901 | -€18,736 | -€18,578 | +€158 | +0.8% |
| Financial income | 75/76B | €15,655 | €13,026 | -€2,629 | -16.8% |
| Recurring financial income | 75 | €15,655 | €13,026 | -€2,629 | -16.8% |
| Financial charges | 65/66B | €6,108 | €6,411 | +€302 | +5.0% |
| Recurring financial charges | 65 | €6,108 | €6,411 | +€302 | +5.0% |
| Profit (loss) for the period before taxes | 9903 | -€9,190 | -€11,963 | -€2,773 | -30.2% |
| Income taxes | 67/77 | €267 | €273 | +€6 | +2.2% |
| Profit (loss) for the period | 9904 | -€9,457 | -€12,236 | -€2,779 | -29.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,457 | -€12,236 | -€2,779 | -29.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.