De Vlakte: 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.
De Vlakte
Largest movements
- Cash +€108,362
up €108,362 (+569%), from €19,028 to €127,390
mainly Net result for the year (+€348,965) and Other debts (+€93,500)
- Current investments -€40,000
down €40,000 (-28.6%), from €140,000 to €100,000
- Debts after one year -€222,211
down €222,211 (-18.8%), from €1.2m to €957,636
- Reserves +€148,965
up €148,965 (+15.4%), from €965,541 to €1.1m
- Other debts +€93,500
new in 2025: €93,500
- Trade debts +€31,082
up €31,082 (+2,734%), from €1,137 to €32,219
- Financial charges -€16,734
down €16,734 (-36.0%), from €46,433 to €29,699
- Gross operating margin +€12,982
up €12,982 (+4.8%), from €271,300 to €284,282
- Taxes +€8,189
up €8,189 (+9.0%), from €90,767 to €98,956
- Depreciation +€6,180
up €6,180 (+124%), from €5,002 to €11,183
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 | €3,017,198 | €3,068,307 | +€51,109 | +1.7% |
| Fixed assets | 21/28 | €2,798,358 | €2,795,649 | -€2,709 | -0.1% |
| Tangible fixed assets | 22/27 | €23,738 | €21,029 | -€2,709 | -11.4% |
| Plant, machinery and equipment | 23 | €747 | €3,138 | +€2,391 | +320% |
| Furniture and vehicles | 24 | €22,991 | €17,891 | -€5,100 | -22.2% |
| Financial fixed assets | 28 | €2,774,620 | €2,774,620 | = | 0.0% |
| Current assets | 29/58 | €218,840 | €272,658 | +€53,818 | +24.6% |
| Amounts receivable within one year | 40/41 | €59,687 | €44,960 | -€14,726 | -24.7% |
| Other amounts receivable | 41 | €59,687 | €44,960 | -€14,726 | -24.7% |
| Current investments | 50/53 | €140,000 | €100,000 | -€40,000 | -28.6% |
| Cash at bank and in hand | 54/58 | €19,028 | €127,390 | +€108,362 | +569% |
| Deferred charges and accrued income | 490/1 | €125 | €308 | +€182 | +146% |
| Total equity and liabilities | 10/49 | €3,017,198 | €3,068,307 | +€51,109 | +1.7% |
| Equity | 10/15 | €1,550,761 | €1,699,726 | +€148,965 | +9.6% |
| Contributions | 10/11 | €584,230 | €584,230 | = | 0.0% |
| Reserves | 13 | €965,541 | €1,114,506 | +€148,965 | +15.4% |
| Distributable reserves | 133 | €965,541 | €1,114,506 | +€148,965 | +15.4% |
| Profit (loss) carried forward | 14 | €990 | €990 | = | 0.0% |
| Amounts payable | 17/49 | €1,466,437 | €1,368,581 | -€97,856 | -6.7% |
| Amounts payable after more than one year | 17 | €1,179,847 | €957,636 | -€222,211 | -18.8% |
| Financial debts | 170/4 | €1,179,847 | €957,636 | -€222,211 | -18.8% |
| Amounts payable within one year | 42/48 | €286,591 | €410,945 | +€124,355 | +43.4% |
| Current portion of amounts payable after more than one year | 42 | €221,049 | €222,211 | +€1,161 | +0.5% |
| Trade debts | 44 | €1,137 | €32,219 | +€31,082 | +2,734% |
| Suppliers | 440/4 | €1,137 | €32,219 | +€31,082 | +2,734% |
| Taxes, remuneration and social security | 45 | €64,405 | €63,016 | -€1,389 | -2.2% |
| Taxes | 450/3 | €64,405 | €63,016 | -€1,389 | -2.2% |
| Other amounts payable | 47/48 | - | €93,500 | +€93,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,002 | €11,183 | +€6,180 | +124% |
| Other operating charges | 640/8 | €1,448 | €1,509 | +€61 | +4.2% |
| Gross operating margin | 9900 | €271,300 | €284,282 | +€12,982 | +4.8% |
| Operating profit (loss) | 9901 | €264,850 | €271,590 | +€6,740 | +2.5% |
| Financial income | 75/76B | €203,891 | €206,030 | +€2,139 | +1.0% |
| Recurring financial income | 75 | €203,891 | €206,030 | +€2,139 | +1.0% |
| Financial charges | 65/66B | €46,433 | €29,699 | -€16,734 | -36.0% |
| Recurring financial charges | 65 | €46,433 | €29,699 | -€16,734 | -36.0% |
| Profit (loss) for the period before taxes | 9903 | €422,308 | €447,921 | +€25,613 | +6.1% |
| Income taxes | 67/77 | €90,767 | €98,956 | +€8,189 | +9.0% |
| Profit (loss) for the period | 9904 | €331,541 | €348,965 | +€17,424 | +5.3% |
| Profit (loss) for the period to be appropriated | 9905 | €331,541 | €348,965 | +€17,424 | +5.3% |
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 22 October 2026 via checked.be.