DE VLEMINCK LUC: what changed
What changed
DE VLEMINCK LUC
NACE 47.791, Retail sale of antiques
filed annual accounts (NBB)
Net result for the year
-€24,842
2024 · €40,341-€65,183
Equity
€1.6m
2024 · €1.6m-€24,842
Cash
€39,637
2024 · €8,799+€30,838
Balance sheet total
€2.0m
2024 · €2.2m-€136,224
Largest movements
Assets
- Financial fixed assets -€974,175
no longer reported in 2025 (was €974,175)
- Stocks and contracts +€834,175
new in 2025: €834,175
- Tangible fixed assets -€46,437
down €46,437 (-4.5%), from €1.0m to €994,420
of which Land and buildings: -€24,698
- Cash +€30,838
up €30,838 (+350%), from €8,799 to €39,637
mainly Investment in fixed assets (net) (+€963,108) and Depreciation (+€57,504)
Equity and liabilities
- Other debts -€47,500
down €47,500 (-93.3%), from €50,924 to €3,424
- Debts after one year -€33,155
down €33,155 (-43.2%), from €76,797 to €43,642
- Current portion of long-term debt -€26,152
down €26,152 (-44.1%), from €59,307 to €33,155
Income statement
- Gross operating margin -€113,637
down €113,637 (-68.8%), from €165,174 to €51,537
- Taxes -€29,338
down €29,338 (-95.1%), from €30,840 to €1,502
- Financial charges -€10,121
down €10,121 (-39.2%), from €25,825 to €15,703
- Other operating charges -€5,130
down €5,130 (-30.2%), from €16,983 to €11,853
- Financial income +€2,184
up €2,184 (+83.4%), from €2,621 to €4,805
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€40,341
Gross operating margin
-€113,637
Depreciation
-€1,289
Other operating charges
+€5,130
Other operating items
+€3,044
Financial income
+€2,184
Financial charges
+€10,121
Taxes
+€29,338
Deferred taxes and other
-€74
Result 2025
-€24,842
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€872,963
Investment
+€963,108
Financing
-€59,307
Cash 2024
€8,799
From operations (derived)
-€872,963
Net result for the year
-€24,842
Depreciation
+€57,504
Stocks and contracts
-€834,175
Receivables within one year
-€21,230
Smaller working-capital items
-€112
Provisions
-€5,580
Trade debts
+€2,972
Other debts
-€47,500
Investment (derived)
+€963,108
Investment in fixed assets (net)
+€963,108
Financing
-€59,307
Debts after one year
-€33,155
Current portion of long-term debt
-€26,152
Cash 2025
€39,637
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,176,475 | €2,040,251 | -€136,224 | -6.3% |
| Fixed assets | 21/28 | €2,015,032 | €994,420 | -€1.0m | -50.6% |
| Tangible fixed assets | 22/27 | €1,040,857 | €994,420 | -€46,437 | -4.5% |
| Land and buildings | 22 | €984,954 | €960,256 | -€24,698 | -2.5% |
| Plant, machinery and equipment | 23 | €11,095 | €5,519 | -€5,576 | -50.3% |
| Furniture and vehicles | 24 | €44,809 | €28,646 | -€16,163 | -36.1% |
| Financial fixed assets | 28 | €974,175 | - | -€974,175 | |
| Current assets | 29/58 | €161,442 | €1,045,830 | +€884,388 | +548% |
| Stocks and contracts in progress | 3 | - | €834,175 | +€834,175 | |
| Stocks | 30/36 | - | €834,175 | +€834,175 | |
| Amounts receivable within one year | 40/41 | €145,356 | €166,586 | +€21,230 | +14.6% |
| Trade receivables | 40 | €53,253 | €53,253 | = | 0.0% |
| Other amounts receivable | 41 | €92,104 | €113,334 | +€21,230 | +23.0% |
| Cash at bank and in hand | 54/58 | €8,799 | €39,637 | +€30,838 | +350% |
| Deferred charges and accrued income | 490/1 | €7,287 | €5,432 | -€1,855 | -25.5% |
| Total equity and liabilities | 10/49 | €2,176,475 | €2,040,251 | -€136,224 | -6.3% |
| Equity | 10/15 | €1,587,484 | €1,562,642 | -€24,842 | -1.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €22,061 | €22,061 | = | 0.0% |
| Reserves | 13 | €1,545,637 | €1,528,899 | -€16,739 | -1.1% |
| Tax-exempt reserves | 132 | €407,037 | €390,299 | -€16,739 | -4.1% |
| Distributable reserves | 133 | €1,138,600 | €1,138,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,186 | -€6,917 | -€8,103 | |
| Provisions and deferred taxes | 16 | €129,305 | €123,726 | -€5,580 | -4.3% |
| Deferred taxes | 168 | €129,305 | €123,726 | -€5,580 | -4.3% |
| Amounts payable | 17/49 | €459,686 | €353,883 | -€105,803 | -23.0% |
| Amounts payable after more than one year | 17 | €76,797 | €43,642 | -€33,155 | -43.2% |
| Financial debts | 170/4 | €76,797 | €43,642 | -€33,155 | -43.2% |
| Amounts payable within one year | 42/48 | €379,489 | €307,854 | -€71,635 | -18.9% |
| Current portion of amounts payable after more than one year | 42 | €59,307 | €33,155 | -€26,152 | -44.1% |
| Financial debts | 43 | €250,000 | €250,000 | = | 0.0% |
| Credit institutions | 430/8 | €250,000 | €250,000 | = | 0.0% |
| Trade debts | 44 | €8,918 | €11,890 | +€2,972 | +33.3% |
| Suppliers | 440/4 | €8,918 | €11,890 | +€2,972 | +33.3% |
| Taxes, remuneration and social security | 45 | €10,340 | €9,385 | -€955 | -9.2% |
| Taxes | 450/3 | €10,340 | €9,385 | -€955 | -9.2% |
| Other amounts payable | 47/48 | €50,924 | €3,424 | -€47,500 | -93.3% |
| Accrued charges and deferred income | 492/3 | €3,400 | €2,387 | -€1,013 | -29.8% |
| Non-recurring operating income | 76A | €125,177 | €57,525 | -€67,652 | -54.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,215 | €57,504 | +€1,289 | +2.3% |
| Other operating charges | 640/8 | €16,983 | €11,853 | -€5,130 | -30.2% |
| Non-recurring operating charges | 66A | €3,244 | €200 | -€3,044 | -93.8% |
| Gross operating margin | 9900 | €165,174 | €51,537 | -€113,637 | -68.8% |
| Operating profit (loss) | 9901 | €88,732 | -€18,021 | -€106,753 | |
| Financial income | 75/76B | €2,621 | €4,805 | +€2,184 | +83.4% |
| Recurring financial income | 75 | €2,621 | €4,805 | +€2,184 | +83.4% |
| Financial charges | 65/66B | €25,825 | €15,703 | -€10,121 | -39.2% |
| Recurring financial charges | 65 | €25,825 | €15,703 | -€10,121 | -39.2% |
| Profit (loss) for the period before taxes | 9903 | €65,528 | -€28,919 | -€94,447 | |
| Transfer from deferred taxes | 780 | €5,653 | €5,580 | -€74 | -1.3% |
| Income taxes | 67/77 | €30,840 | €1,502 | -€29,338 | -95.1% |
| Profit (loss) for the period | 9904 | €40,341 | -€24,842 | -€65,183 | |
| Transfer from tax-exempt reserves | 789 | €16,960 | €16,739 | -€221 | -1.3% |
| Profit (loss) for the period to be appropriated | 9905 | €57,301 | -€8,103 | -€65,404 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.