DE VLAMING: 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.
DE VLAMING
Largest movements
- Receivables within one year -€560,790
down €560,790 (-40.2%), from €1.4m to €834,287
of which Trade receivables: -€572,109
- Cash -€550,125
down €550,125 (-67.9%), from €810,180 to €260,055
mainly Accrued charges and deferred income (-€951,520) and Other debts (-€876,718)
- Stocks and contracts -€379,668
down €379,668 (-12.2%), from €3.1m to €2.7m
of which Stocks: -€985,869
- Deferred charges and accrued income -€56,371
down €56,371 (-70.6%), from €79,899 to €23,528
- Accrued charges and deferred income -€951,520
down €951,520 (-77.2%), from €1.2m to €280,456
- Other debts -€876,718
down €876,718 (-55.8%), from €1.6m to €693,828
- Trade debts +€263,140
up €263,140 (+35.1%), from €750,599 to €1.0m
- Profit (loss) carried forward +€189,517
up €189,517 (+70.0%), from -€270,578 to -€81,061
- Tax, wage and social debts -€159,674
no longer reported in 2025 (was €159,674)
- Gross operating margin -€264,904
down €264,904 (-52.5%), from €504,894 to €239,990
- Financial charges -€59,754
down €59,754 (-49.3%), from €121,155 to €61,401
- Provisions +€35,275
up €35,275 (+75.1%), from -€46,974 to -€11,699
- Other operating charges +€7,556
up €7,556 (+216.4%), from €3,492 to €11,048
- Financial income +€5,907
up €5,907 (+135.1%), from €4,371 to €10,278
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 | €5,391,734 | €3,844,780 | -€1.5m | -28.7% |
| Current assets | 29/58 | €5,391,734 | €3,844,780 | -€1.5m | -28.7% |
| Stocks and contracts in progress | 3 | €3,106,578 | €2,726,910 | -€379,668 | -12.2% |
| Stocks | 30/36 | €1,712,920 | €727,051 | -€985,869 | -57.6% |
| Contracts in progress | 37 | €1,393,659 | €1,999,860 | +€606,201 | +43.5% |
| Amounts receivable within one year | 40/41 | €1,395,077 | €834,287 | -€560,790 | -40.2% |
| Trade receivables | 40 | €1,095,644 | €523,535 | -€572,109 | -52.2% |
| Other amounts receivable | 41 | €299,434 | €310,753 | +€11,319 | +3.8% |
| Cash at bank and in hand | 54/58 | €810,180 | €260,055 | -€550,125 | -67.9% |
| Deferred charges and accrued income | 490/1 | €79,899 | €23,528 | -€56,371 | -70.6% |
| Total equity and liabilities | 10/49 | €5,391,734 | €3,844,780 | -€1.5m | -28.7% |
| Equity | 10/15 | €1,583,913 | €1,773,431 | +€189,517 | +12.0% |
| Contributions | 10/11 | €1,854,491 | €1,854,491 | = | 0.0% |
| Capital | 10 | €1,854,491 | €1,854,491 | = | 0.0% |
| Issued capital | 100 | €1,854,491 | €1,854,491 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€270,578 | -€81,061 | +€189,517 | +70.0% |
| Provisions and deferred taxes | 16 | €95,026 | €83,326 | -€11,699 | -12.3% |
| Provisions for liabilities and charges | 160/5 | €95,026 | €83,326 | -€11,699 | -12.3% |
| Other liabilities and charges | 164/5 | €95,026 | €83,326 | -€11,699 | -12.3% |
| Amounts payable | 17/49 | €3,712,795 | €1,988,023 | -€1.7m | -46.5% |
| Amounts payable within one year | 42/48 | €2,480,819 | €1,707,567 | -€773,252 | -31.2% |
| Trade debts | 44 | €750,599 | €1,013,738 | +€263,140 | +35.1% |
| Suppliers | 440/4 | €750,599 | €1,013,738 | +€263,140 | +35.1% |
| Taxes, remuneration and social security | 45 | €159,674 | - | -€159,674 | |
| Taxes | 450/3 | €159,674 | - | -€159,674 | |
| Other amounts payable | 47/48 | €1,570,546 | €693,828 | -€876,718 | -55.8% |
| Accrued charges and deferred income | 492/3 | €1,231,976 | €280,456 | -€951,520 | -77.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€46,974 | -€11,699 | +€35,275 | +75.1% |
| Other operating charges | 640/8 | €3,492 | €11,048 | +€7,556 | +216.4% |
| Gross operating margin | 9900 | €504,894 | €239,990 | -€264,904 | -52.5% |
| Operating profit (loss) | 9901 | €548,376 | €240,641 | -€307,735 | -56.1% |
| Financial income | 75/76B | €4,371 | €10,278 | +€5,907 | +135.1% |
| Recurring financial income | 75 | €4,371 | €10,278 | +€5,907 | +135.1% |
| Financial charges | 65/66B | €121,155 | €61,401 | -€59,754 | -49.3% |
| Recurring financial charges | 65 | €121,155 | €61,401 | -€59,754 | -49.3% |
| Profit (loss) for the period before taxes | 9903 | €431,592 | €189,517 | -€242,074 | -56.1% |
| Income taxes | 67/77 | €0 | - | -€0 | |
| Profit (loss) for the period | 9904 | €431,591 | €189,517 | -€242,074 | -56.1% |
| Profit (loss) for the period to be appropriated | 9905 | €431,591 | €189,517 | -€242,074 | -56.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.