DE VLASCHAARD: 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 VLASCHAARD
Largest movements
- Cash -€824,855
down €824,855 (-93.5%), from €881,974 to €57,119
mainly Investment in fixed assets (net) (-€527,699) and Contributions, distributions and other (-€300,000)
- Tangible fixed assets +€519,267
up €519,267 (+102.3%), from €507,730 to €1.0m
of which Land and buildings: +€996,997
- Receivables within one year -€156,859
down €156,859 (-88.5%), from €177,195 to €20,336
of which Trade receivables: -€142,005
- Contributions -€300,000
down €300,000 (-28.0%), from €1.1m to €770,000
- Trade debts -€175,956
down €175,956 (-88.8%), from €198,075 to €22,119
- Profit (loss) carried forward -€108,834
down €108,834 (-91.2%), from €119,284 to €10,449
- Debts after one year +€84,925
new in 2025: €84,925
- Other debts +€65,860
up €65,860 (+73.1%), from €90,127 to €155,987
- Gross operating margin -€873,241
down €873,241, from €785,898 to -€87,343
- Staff costs -€45,255
down €45,255 (-79.2%), from €57,120 to €11,865
- Taxes -€41,937
no longer reported in 2025 (was €41,937)
- Depreciation +€8,103
up €8,103 (+1620.5%), from €500 to €8,603
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 | €1,575,777 | €1,108,806 | -€466,972 | -29.6% |
| Fixed assets | 21/28 | €507,900 | €1,026,997 | +€519,097 | +102.2% |
| Tangible fixed assets | 22/27 | €507,730 | €1,026,997 | +€519,267 | +102.3% |
| Land and buildings | 22 | €30,000 | €1,026,997 | +€996,997 | +3323.3% |
| Plant, machinery and equipment | 23 | €155 | - | -€155 | |
| Assets under construction and advance payments | 27 | €477,575 | - | -€477,575 | |
| Financial fixed assets | 28 | €170 | - | -€170 | |
| Current assets | 29/58 | €1,067,877 | €81,809 | -€986,069 | -92.3% |
| Stocks and contracts in progress | 3 | - | €3,500 | +€3,500 | |
| Stocks | 30/36 | - | €3,500 | +€3,500 | |
| Amounts receivable within one year | 40/41 | €177,195 | €20,336 | -€156,859 | -88.5% |
| Trade receivables | 40 | €161,948 | €19,943 | -€142,005 | -87.7% |
| Other amounts receivable | 41 | €15,247 | €393 | -€14,854 | -97.4% |
| Cash at bank and in hand | 54/58 | €881,974 | €57,119 | -€824,855 | -93.5% |
| Deferred charges and accrued income | 490/1 | €8,708 | €853 | -€7,855 | -90.2% |
| Total equity and liabilities | 10/49 | €1,575,777 | €1,108,806 | -€466,972 | -29.6% |
| Equity | 10/15 | €1,196,923 | €788,089 | -€408,834 | -34.2% |
| Contributions | 10/11 | €1,070,000 | €770,000 | -€300,000 | -28.0% |
| Capital | 10 | €1,070,000 | €770,000 | -€300,000 | -28.0% |
| Issued capital | 100 | €1,070,000 | €770,000 | -€300,000 | -28.0% |
| Reserves | 13 | €7,639 | €7,639 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,639 | €7,639 | = | 0.0% |
| Legal reserve | 130 | €7,639 | €7,639 | = | 0.0% |
| Profit (loss) carried forward | 14 | €119,284 | €10,449 | -€108,834 | -91.2% |
| Amounts payable | 17/49 | €378,854 | €320,717 | -€58,138 | -15.3% |
| Amounts payable after more than one year | 17 | - | €84,925 | +€84,925 | |
| Financial debts | 170/4 | - | €84,925 | +€84,925 | |
| Amounts payable within one year | 42/48 | €378,570 | €235,792 | -€142,778 | -37.7% |
| Current portion of amounts payable after more than one year | 42 | - | €8,371 | +€8,371 | |
| Trade debts | 44 | €198,075 | €22,119 | -€175,956 | -88.8% |
| Suppliers | 440/4 | €198,075 | €22,119 | -€175,956 | -88.8% |
| Taxes, remuneration and social security | 45 | €90,369 | €49,315 | -€41,053 | -45.4% |
| Taxes | 450/3 | €88,642 | €49,315 | -€39,326 | -44.4% |
| Remuneration and social security | 454/9 | €1,727 | - | -€1,727 | |
| Other amounts payable | 47/48 | €90,127 | €155,987 | +€65,860 | +73.1% |
| Accrued charges and deferred income | 492/3 | €285 | - | -€285 | |
| Remuneration, social security and pensions | 62 | €57,120 | €11,865 | -€45,255 | -79.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €500 | €8,603 | +€8,103 | +1620.5% |
| Other operating charges | 640/8 | €8,565 | €2,761 | -€5,804 | -67.8% |
| Non-recurring operating charges | 66A | €18,852 | - | -€18,852 | |
| Gross operating margin | 9900 | €785,898 | -€87,343 | -€873,241 | |
| Operating profit (loss) | 9901 | €700,860 | -€110,572 | -€811,433 | |
| Financial income | 75/76B | €10 | €2,256 | +€2,246 | +22233.2% |
| Recurring financial income | 75 | €10 | €2,256 | +€2,246 | +22233.2% |
| Financial charges | 65/66B | €2,959 | €518 | -€2,441 | -82.5% |
| Recurring financial charges | 65 | €2,959 | €518 | -€2,441 | -82.5% |
| Profit (loss) for the period before taxes | 9903 | €697,911 | -€108,834 | -€806,746 | |
| Income taxes | 67/77 | €41,937 | - | -€41,937 | |
| Profit (loss) for the period | 9904 | €655,975 | -€108,834 | -€764,809 | |
| Profit (loss) for the period to be appropriated | 9905 | €655,975 | -€108,834 | -€764,809 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.