De Vleeschouwer Siebe: 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 Vleeschouwer Siebe
Largest movements
- Receivables within one year -€16,530
down €16,530 (-94.8%), from €17,437 to €906
of which Trade receivables: -€14,957
- Tangible fixed assets +€3,235
up €3,235 (+2,278%), from €142 to €3,377
- Cash -€1,132
down €1,132 (-11.6%), from €9,767 to €8,635
mainly Accrued charges and deferred income (-€12,417) and Tax, wage and social debts (-€4,239)
- Accrued charges and deferred income -€12,417
down €12,417 (-97.0%), from €12,799 to €382
- Tax, wage and social debts -€4,239
down €4,239 (-92.0%), from €4,605 to €366
- Profit (loss) carried forward +€1,409
up €1,409 (+52.7%), from -€2,673 to -€1,263
- Other debts +€833
up €833, from €0 to €833
- Gross operating margin +€5,494
up €5,494, from -€2,096 to €3,398
- Taxes +€338
up €338 (+2,428%), from €14 to €352
- Other operating charges +€272
up €272 (+99.8%), from €272 to €544
- Financial charges -€180
down €180 (-53.4%), from €337 to €157
- Depreciation -€115
down €115 (-83.8%), from €137 to €22
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 | €27,345 | €12,918 | -€14,427 | -52.8% |
| Fixed assets | 21/28 | €142 | €3,377 | +€3,235 | +2,278% |
| Tangible fixed assets | 22/27 | €142 | €3,377 | +€3,235 | +2,278% |
| Plant, machinery and equipment | 23 | €142 | €3,377 | +€3,235 | +2,278% |
| Current assets | 29/58 | €27,203 | €9,541 | -€17,662 | -64.9% |
| Amounts receivable within one year | 40/41 | €17,437 | €906 | -€16,530 | -94.8% |
| Trade receivables | 40 | €15,015 | €58 | -€14,957 | -99.6% |
| Other amounts receivable | 41 | €2,421 | €848 | -€1,573 | -65.0% |
| Cash at bank and in hand | 54/58 | €9,767 | €8,635 | -€1,132 | -11.6% |
| Total equity and liabilities | 10/49 | €27,345 | €12,918 | -€14,427 | -52.8% |
| Equity | 10/15 | €9,927 | €11,337 | +€1,409 | +14.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €11,600 | €11,600 | = | 0.0% |
| Distributable reserves | 133 | €11,600 | €11,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,673 | -€1,263 | +€1,409 | +52.7% |
| Amounts payable | 17/49 | €17,418 | €1,581 | -€15,837 | -90.9% |
| Amounts payable within one year | 42/48 | €4,619 | €1,199 | -€3,420 | -74.0% |
| Trade debts | 44 | €14 | €0 | -€14 | -100% |
| Suppliers | 440/4 | €14 | €0 | -€14 | -100% |
| Taxes, remuneration and social security | 45 | €4,605 | €366 | -€4,239 | -92.0% |
| Taxes | 450/3 | €4,605 | €366 | -€4,239 | -92.0% |
| Other amounts payable | 47/48 | €0 | €833 | +€833 | |
| Accrued charges and deferred income | 492/3 | €12,799 | €382 | -€12,417 | -97.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €137 | €22 | -€115 | -83.8% |
| Other operating charges | 640/8 | €272 | €544 | +€272 | +99.8% |
| Non-recurring operating charges | 66A | - | €142 | +€142 | |
| Gross operating margin | 9900 | -€2,096 | €3,398 | +€5,494 | |
| Operating profit (loss) | 9901 | -€2,505 | €2,690 | +€5,195 | |
| Financial income | 75/76B | €87 | €62 | -€25 | -29.2% |
| Recurring financial income | 75 | €87 | €62 | -€25 | -29.2% |
| Financial charges | 65/66B | €337 | €157 | -€180 | -53.4% |
| Recurring financial charges | 65 | €337 | €157 | -€180 | -53.4% |
| Profit (loss) for the period before taxes | 9903 | -€2,755 | €2,595 | +€5,349 | |
| Income taxes | 67/77 | €14 | €352 | +€338 | +2,428% |
| Profit (loss) for the period | 9904 | -€2,769 | €2,242 | +€5,011 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,769 | €2,242 | +€5,011 |
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 25 October 2026 via checked.be.