AELBRECHT VSV: what changed
Two fiscal 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.
AELBRECHT VSV
Largest movements
- Receivables within one year +€377,756
up €377,756 (+128.2%), from €294,575 to €672,331
of which Trade receivables: +€407,880
- Tangible fixed assets -€42,469
down €42,469 (-17.2%), from €246,476 to €204,007
- Cash -€18,972
down €18,972 (-85.7%), from €22,135 to €3,163
mainly Receivables within one year (-€377,756) and Tax, wage and social debts (-€2,410)
- Trade debts +€309,143
up €309,143 (+87.6%), from €352,846 to €661,989
- Profit (loss) carried forward +€9,277
up €9,277 (+5.3%), from €174,748 to €184,024
- Gross operating margin -€10,978
down €10,978 (-16.4%), from €67,007 to €56,029
- Taxes -€3,733
down €3,733 (-57.5%), from €6,494 to €2,761
- Depreciation +€3,328
up €3,328 (+8.3%), from €40,325 to €43,653
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.
Cash bridge derived
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 | €563,187 | €879,501 | +€316,314 | +56.2% |
| Fixed assets | 21/28 | €246,476 | €204,007 | -€42,469 | -17.2% |
| Tangible fixed assets | 22/27 | €246,476 | €204,007 | -€42,469 | -17.2% |
| Plant, machinery and equipment | 23 | €246,476 | €204,007 | -€42,469 | -17.2% |
| Current assets | 29/58 | €316,711 | €675,494 | +€358,784 | +113.3% |
| Amounts receivable within one year | 40/41 | €294,575 | €672,331 | +€377,756 | +128.2% |
| Trade receivables | 40 | €262,783 | €670,662 | +€407,880 | +155.2% |
| Other amounts receivable | 41 | €31,793 | €1,669 | -€30,124 | -94.7% |
| Cash at bank and in hand | 54/58 | €22,135 | €3,163 | -€18,972 | -85.7% |
| Total equity and liabilities | 10/49 | €563,187 | €879,501 | +€316,314 | +56.2% |
| Equity | 10/15 | €195,208 | €204,484 | +€9,277 | +4.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €174,748 | €184,024 | +€9,277 | +5.3% |
| Amounts payable | 17/49 | €367,979 | €675,017 | +€307,038 | +83.4% |
| Amounts payable within one year | 42/48 | €366,535 | €673,567 | +€307,032 | +83.8% |
| Trade debts | 44 | €352,846 | €661,989 | +€309,143 | +87.6% |
| Suppliers | 440/4 | €352,846 | €661,989 | +€309,143 | +87.6% |
| Taxes, remuneration and social security | 45 | €2,500 | €90 | -€2,410 | -96.4% |
| Taxes | 450/3 | €2,500 | €90 | -€2,410 | -96.4% |
| Other amounts payable | 47/48 | €11,189 | €11,488 | +€299 | +2.7% |
| Accrued charges and deferred income | 492/3 | €1,444 | €1,450 | +€6 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,325 | €43,653 | +€3,328 | +8.3% |
| Non-recurring operating charges | 66A | - | €300 | +€300 | |
| Gross operating margin | 9900 | €67,007 | €56,029 | -€10,978 | -16.4% |
| Operating profit (loss) | 9901 | €26,683 | €12,077 | -€14,606 | -54.7% |
| Financial charges | 65/66B | €89 | €39 | -€50 | -56.3% |
| Recurring financial charges | 65 | €89 | €39 | -€50 | -56.3% |
| Profit (loss) for the period before taxes | 9903 | €26,593 | €12,038 | -€14,556 | -54.7% |
| Income taxes | 67/77 | €6,494 | €2,761 | -€3,733 | -57.5% |
| Profit (loss) for the period | 9904 | €20,099 | €9,277 | -€10,823 | -53.8% |
| Profit (loss) for the period to be appropriated | 9905 | €20,099 | €9,277 | -€10,823 | -53.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.