DE VLEDERMUIS: 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 VLEDERMUIS
Largest movements
- Current investments +€124,680
up €124,680 (+22.7%), from €550,340 to €675,020
- Cash -€40,237
down €40,237 (-70.9%), from €56,776 to €16,539
mainly Current investments (-€124,680) and Tax, wage and social debts (-€14,368)
- Receivables within one year +€9,144
up €9,144 (+43.6%), from €20,963 to €30,107
of which Trade receivables: +€8,924
- Deferred charges and accrued income +€7,821
up €7,821 (+112%), from €6,974 to €14,795
- Reserves +€108,199
up €108,199 (+18.6%), from €580,656 to €688,855
of which Distributable reserves: +€108,199
- Tax, wage and social debts -€14,368
down €14,368 (-41.3%), from €34,764 to €20,396
- Gross operating margin -€31,241
down €31,241 (-17.2%), from €181,150 to €149,908
- Taxes -€9,636
down €9,636 (-15.5%), from €62,269 to €52,633
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 | €637,285 | €738,237 | +€100,952 | +15.8% |
| Fixed assets | 21/28 | €2,232 | €1,776 | -€456 | -20.4% |
| Tangible fixed assets | 22/27 | €2,232 | €1,776 | -€456 | -20.4% |
| Other tangible fixed assets | 26 | €2,232 | €1,776 | -€456 | -20.4% |
| Current assets | 29/58 | €635,054 | €736,462 | +€101,408 | +16.0% |
| Amounts receivable within one year | 40/41 | €20,963 | €30,107 | +€9,144 | +43.6% |
| Trade receivables | 40 | €20,963 | €29,887 | +€8,924 | +42.6% |
| Other amounts receivable | 41 | - | €220 | +€220 | |
| Current investments | 50/53 | €550,340 | €675,020 | +€124,680 | +22.7% |
| Cash at bank and in hand | 54/58 | €56,776 | €16,539 | -€40,237 | -70.9% |
| Deferred charges and accrued income | 490/1 | €6,974 | €14,795 | +€7,821 | +112% |
| Total equity and liabilities | 10/49 | €637,285 | €738,237 | +€100,952 | +15.8% |
| Equity | 10/15 | €588,156 | €696,355 | +€108,199 | +18.4% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €580,656 | €688,855 | +€108,199 | +18.6% |
| Tax-exempt reserves | 132 | €285 | €285 | = | 0.0% |
| Distributable reserves | 133 | €580,371 | €688,570 | +€108,199 | +18.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €49,129 | €41,883 | -€7,247 | -14.8% |
| Amounts payable within one year | 42/48 | €46,374 | €37,046 | -€9,328 | -20.1% |
| Financial debts | 43 | - | €275 | +€275 | |
| Credit institutions | 430/8 | - | €275 | +€275 | |
| Trade debts | 44 | €209 | €3,118 | +€2,909 | +1,392% |
| Suppliers | 440/4 | €209 | €3,118 | +€2,909 | +1,392% |
| Taxes, remuneration and social security | 45 | €34,764 | €20,396 | -€14,368 | -41.3% |
| Taxes | 450/3 | €34,764 | €20,396 | -€14,368 | -41.3% |
| Other amounts payable | 47/48 | €11,402 | €13,257 | +€1,855 | +16.3% |
| Accrued charges and deferred income | 492/3 | €2,755 | €4,837 | +€2,082 | +75.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47 | €456 | +€408 | +861% |
| Other operating charges | 640/8 | €924 | €531 | -€393 | -42.5% |
| Gross operating margin | 9900 | €181,150 | €149,908 | -€31,241 | -17.2% |
| Operating profit (loss) | 9901 | €180,178 | €148,921 | -€31,257 | -17.3% |
| Financial income | 75/76B | €16,356 | €16,990 | +€635 | +3.9% |
| Recurring financial income | 75 | €16,356 | €16,990 | +€635 | +3.9% |
| Financial charges | 65/66B | €2,250 | €3,362 | +€1,112 | +49.4% |
| Recurring financial charges | 65 | €2,250 | €3,362 | +€1,112 | +49.4% |
| Profit (loss) for the period before taxes | 9903 | €194,284 | €162,550 | -€31,734 | -16.3% |
| Income taxes | 67/77 | €62,269 | €52,633 | -€9,636 | -15.5% |
| Profit (loss) for the period | 9904 | €132,015 | €109,917 | -€22,099 | -16.7% |
| Profit (loss) for the period to be appropriated | 9905 | €132,015 | €109,917 | -€22,099 | -16.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.