DE VLEK: 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 VLEK
Largest movements
- Stocks and contracts -€88,542
no longer reported in 2025 (was €88,542)
- Receivables within one year +€42,385
up €42,385 (+21.7%), from €195,003 to €237,388
of which Trade receivables: +€42,015
- Tangible fixed assets -€16,828
no longer reported in 2025 (was €16,828)
- Cash -€12,376
down €12,376 (-59.8%), from €20,680 to €8,305
mainly Trade debts (-€49,654) and Receivables within one year (-€42,385)
- Trade debts -€49,654
down €49,654 (-65.6%), from €75,700 to €26,046
- Reserves -€13,394
down €13,394 (-9.9%), from €134,652 to €121,259
of which Distributable reserves: -€13,394
- Tax, wage and social debts -€10,166
no longer reported in 2025 (was €10,166)
- Other operating charges -€13,105
down €13,105 (-82.3%), from €15,920 to €2,815
- Gross operating margin -€8,106
down €8,106, from €2,027 to -€6,079
- Depreciation -€5,249
no longer reported in 2025 (was €5,249)
- Financial charges -€1,768
down €1,768 (-24.1%), from €7,347 to €5,580
- Staff costs -€1,531
no longer reported in 2025 (was €1,531)
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 | €322,053 | €246,239 | -€75,814 | -23.5% |
| Fixed assets | 21/28 | €16,828 | - | -€16,828 | |
| Tangible fixed assets | 22/27 | €16,828 | - | -€16,828 | |
| Other tangible fixed assets | 26 | €16,828 | - | -€16,828 | |
| Current assets | 29/58 | €305,225 | €246,239 | -€58,986 | -19.3% |
| Stocks and contracts in progress | 3 | €88,542 | - | -€88,542 | |
| Stocks | 30/36 | €88,542 | - | -€88,542 | |
| Amounts receivable within one year | 40/41 | €195,003 | €237,388 | +€42,385 | +21.7% |
| Trade receivables | 40 | €186,720 | €228,735 | +€42,015 | +22.5% |
| Other amounts receivable | 41 | €8,283 | €8,653 | +€370 | +4.5% |
| Cash at bank and in hand | 54/58 | €20,680 | €8,305 | -€12,376 | -59.8% |
| Deferred charges and accrued income | 490/1 | €999 | €546 | -€453 | -45.3% |
| Total equity and liabilities | 10/49 | €322,053 | €246,239 | -€75,814 | -23.5% |
| Equity | 10/15 | €153,244 | €139,851 | -€13,394 | -8.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €134,652 | €121,259 | -€13,394 | -9.9% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,941 | €6,941 | = | 0.0% |
| Distributable reserves | 133 | €125,852 | €112,458 | -€13,394 | -10.6% |
| Amounts payable | 17/49 | €168,809 | €106,388 | -€62,420 | -37.0% |
| Amounts payable within one year | 42/48 | €165,866 | €106,388 | -€59,477 | -35.9% |
| Current portion of amounts payable after more than one year | 42 | €80,000 | €80,000 | = | 0.0% |
| Trade debts | 44 | €75,700 | €26,046 | -€49,654 | -65.6% |
| Suppliers | 440/4 | €75,700 | €26,046 | -€49,654 | -65.6% |
| Taxes, remuneration and social security | 45 | €10,166 | - | -€10,166 | |
| Taxes | 450/3 | €10,166 | - | -€10,166 | |
| Other amounts payable | 47/48 | - | €342 | +€342 | |
| Accrued charges and deferred income | 492/3 | €2,943 | - | -€2,943 | |
| Remuneration, social security and pensions | 62 | €1,531 | - | -€1,531 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,249 | - | -€5,249 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€606 | -€652 | -€47 | -7.7% |
| Other operating charges | 640/8 | €15,920 | €2,815 | -€13,105 | -82.3% |
| Gross operating margin | 9900 | €2,027 | -€6,079 | -€8,106 | |
| Operating profit (loss) | 9901 | -€20,067 | -€8,241 | +€11,826 | +58.9% |
| Financial income | 75/76B | €1,209 | €427 | -€782 | -64.7% |
| Recurring financial income | 75 | €1,209 | €427 | -€782 | -64.7% |
| Financial charges | 65/66B | €7,347 | €5,580 | -€1,768 | -24.1% |
| Recurring financial charges | 65 | €7,347 | €5,580 | -€1,768 | -24.1% |
| Profit (loss) for the period before taxes | 9903 | -€26,205 | -€13,394 | +€12,812 | +48.9% |
| Profit (loss) for the period | 9904 | -€26,205 | -€13,394 | +€12,812 | +48.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,205 | -€13,394 | +€12,812 | +48.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.