DE VLASHOEK: 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 VLASHOEK
Largest movements
- Tangible fixed assets -€71,899
down €71,899 (-18.2%), from €394,780 to €322,881
of which Land and buildings: -€71,899
- Cash +€21,364
up €21,364 (+24.4%), from €87,379 to €108,743
mainly Investment in fixed assets (net) (+€52,744) and Other debts (+€32,424)
- Receivables within one year +€10,066
up €10,066 (+88.3%), from €11,401 to €21,467
of which Other amounts receivable: +€10,093
- Debts after one year -€91,947
down €91,947 (-27.0%), from €340,576 to €248,629
- Other debts +€32,424
up €32,424 (+105%), from €30,835 to €63,259
- Reserves +€15,465
up €15,465 (+23.5%), from €65,772 to €81,237
- Tax, wage and social debts +€13,333
up €13,333 (+169%), from €7,905 to €21,238
of which Taxes: +€13,222
- Current portion of long-term debt -€10,521
down €10,521 (-26.2%), from €40,095 to €29,575
- Financial charges +€56,873
up €56,873 (+641%), from €8,879 to €65,752
- Gross operating margin -€25,310
down €25,310 (-19.1%), from €132,615 to €107,305
- Taxes -€15,287
down €15,287 (-76.9%), from €19,871 to €4,584
- Depreciation -€8,979
down €8,979 (-31.9%), from €28,134 to €19,155
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 | €494,830 | €454,660 | -€40,170 | -8.1% |
| Fixed assets | 21/28 | €394,780 | €322,881 | -€71,899 | -18.2% |
| Tangible fixed assets | 22/27 | €394,780 | €322,881 | -€71,899 | -18.2% |
| Land and buildings | 22 | €394,780 | €322,881 | -€71,899 | -18.2% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €100,050 | €131,779 | +€31,729 | +31.7% |
| Amounts receivable within one year | 40/41 | €11,401 | €21,467 | +€10,066 | +88.3% |
| Trade receivables | 40 | €11,077 | €11,051 | -€26 | -0.2% |
| Other amounts receivable | 41 | €324 | €10,416 | +€10,093 | +3,118% |
| Cash at bank and in hand | 54/58 | €87,379 | €108,743 | +€21,364 | +24.4% |
| Deferred charges and accrued income | 490/1 | €1,271 | €1,569 | +€299 | +23.5% |
| Total equity and liabilities | 10/49 | €494,830 | €454,660 | -€40,170 | -8.1% |
| Equity | 10/15 | €74,272 | €89,737 | +€15,465 | +20.8% |
| Contributions | 10/11 | €8,500 | €8,500 | = | 0.0% |
| Reserves | 13 | €65,772 | €81,237 | +€15,465 | +23.5% |
| Distributable reserves | 133 | €65,772 | €81,237 | +€15,465 | +23.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €420,558 | €364,923 | -€55,635 | -13.2% |
| Amounts payable after more than one year | 17 | €340,576 | €248,629 | -€91,947 | -27.0% |
| Financial debts | 170/4 | €340,576 | €248,629 | -€91,947 | -27.0% |
| Amounts payable within one year | 42/48 | €79,982 | €116,044 | +€36,062 | +45.1% |
| Current portion of amounts payable after more than one year | 42 | €40,095 | €29,575 | -€10,521 | -26.2% |
| Trade debts | 44 | €1,147 | €1,973 | +€825 | +71.9% |
| Suppliers | 440/4 | €1,147 | €1,973 | +€825 | +71.9% |
| Taxes, remuneration and social security | 45 | €7,905 | €21,238 | +€13,333 | +169% |
| Taxes | 450/3 | €4,899 | €18,121 | +€13,222 | +270% |
| Remuneration and social security | 454/9 | €3,006 | €3,117 | +€111 | +3.7% |
| Other amounts payable | 47/48 | €30,835 | €63,259 | +€32,424 | +105% |
| Accrued charges and deferred income | 492/3 | €0 | €250 | +€250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,134 | €19,155 | -€8,979 | -31.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€693 | €0 | +€693 | |
| Other operating charges | 640/8 | €2,276 | €2,349 | +€73 | +3.2% |
| Gross operating margin | 9900 | €132,615 | €107,305 | -€25,310 | -19.1% |
| Operating profit (loss) | 9901 | €102,898 | €85,801 | -€17,097 | -16.6% |
| Financial income | 75/76B | €2 | €0 | -€2 | -99.1% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -99.1% |
| Financial charges | 65/66B | €8,879 | €65,752 | +€56,873 | +641% |
| Recurring financial charges | 65 | €8,879 | €65,752 | +€56,873 | +641% |
| Profit (loss) for the period before taxes | 9903 | €94,021 | €20,049 | -€73,972 | -78.7% |
| Income taxes | 67/77 | €19,871 | €4,584 | -€15,287 | -76.9% |
| Profit (loss) for the period | 9904 | €74,150 | €15,465 | -€58,685 | -79.1% |
| Profit (loss) for the period to be appropriated | 9905 | €74,150 | €15,465 | -€58,685 | -79.1% |
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 31 October 2026 via checked.be.