DE VLETERBEEK: 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 VLETERBEEK
Largest movements
- Current investments -€3.7m
down €3.7m (-90.1%), from €4.1m to €401,785
- Stocks and contracts -€3.3m
down €3.3m (-100%), from €3.3m to €0
- Financial fixed assets +€2.4m
up €2.4m (+8.3%), from €29.1m to €31.5m
- Receivables after one year +€500,000
up €500,000 (+125%), from €400,000 to €900,000
- Receivables within one year -€404,032
down €404,032 (-56.4%), from €715,822 to €311,790
of which Other amounts receivable: -€414,376
- Profit (loss) carried forward -€3.5m
down €3.5m (-12.3%), from €28.7m to €25.2m
- Other debts -€1.2m
down €1.2m (-100%), from €1.2m to €0
- Financial charges -€4.9m
down €4.9m, from €2.7m to -€2.2m
- Gross operating margin +€2.1m
up €2.1m, from -€58,957 to €2.0m
- Financial income +€672,398
up €672,398 (+23.8%), from €2.8m to €3.5m
- Taxes +€542,755
up €542,755 (+79.7%), from €680,582 to €1.2m
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 | €37,936,075 | €33,257,741 | -€4.7m | -12.3% |
| Fixed assets | 21/28 | €29,339,026 | €31,495,431 | +€2.2m | +7.3% |
| Tangible fixed assets | 22/27 | €250,896 | €0 | -€250,896 | -100% |
| Land and buildings | 22 | €250,896 | €0 | -€250,896 | -100% |
| Financial fixed assets | 28 | €29,088,130 | €31,495,431 | +€2.4m | +8.3% |
| Current assets | 29/58 | €8,597,049 | €1,762,310 | -€6.8m | -79.5% |
| Amounts receivable after more than one year | 29 | €400,000 | €900,000 | +€500,000 | +125% |
| Other amounts receivable | 291 | €400,000 | €900,000 | +€500,000 | +125% |
| Stocks and contracts in progress | 3 | €3,335,970 | €0 | -€3.3m | -100% |
| Stocks | 30/36 | €3,335,970 | €0 | -€3.3m | -100% |
| Amounts receivable within one year | 40/41 | €715,822 | €311,790 | -€404,032 | -56.4% |
| Trade receivables | 40 | - | €10,345 | +€10,345 | |
| Other amounts receivable | 41 | €715,822 | €301,446 | -€414,376 | -57.9% |
| Current investments | 50/53 | €4,055,520 | €401,785 | -€3.7m | -90.1% |
| Cash at bank and in hand | 54/58 | €43,010 | €109,954 | +€66,944 | +156% |
| Deferred charges and accrued income | 490/1 | €46,727 | €38,781 | -€7,946 | -17.0% |
| Total equity and liabilities | 10/49 | €37,936,075 | €33,257,741 | -€4.7m | -12.3% |
| Equity | 10/15 | €36,770,047 | €33,238,788 | -€3.5m | -9.6% |
| Contributions | 10/11 | €4,629,803 | €4,629,803 | = | 0.0% |
| Capital | 10 | €4,580,340 | €4,580,340 | = | 0.0% |
| Issued capital | 100 | €4,580,340 | €4,580,340 | = | 0.0% |
| Contributions outside capital | 11 | €49,464 | €49,464 | = | 0.0% |
| Share premium | 1100/10 | €49,464 | €49,464 | = | 0.0% |
| Reserves | 13 | €3,417,412 | €3,417,412 | = | 0.0% |
| Non-distributable reserves | 130/1 | €458,034 | €458,034 | = | 0.0% |
| Legal reserve | 130 | €458,034 | €458,034 | = | 0.0% |
| Tax-exempt reserves | 132 | €490,078 | €490,078 | = | 0.0% |
| Distributable reserves | 133 | €2,469,300 | €2,469,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,722,832 | €25,191,573 | -€3.5m | -12.3% |
| Amounts payable | 17/49 | €1,166,027 | €18,953 | -€1.1m | -98.4% |
| Amounts payable within one year | 42/48 | €1,159,240 | €18,953 | -€1.1m | -98.4% |
| Trade debts | 44 | €9,240 | €18,953 | +€9,713 | +105% |
| Suppliers | 440/4 | €9,240 | €18,953 | +€9,713 | +105% |
| Other amounts payable | 47/48 | €1,150,000 | €0 | -€1.2m | -100% |
| Accrued charges and deferred income | 492/3 | €6,787 | €0 | -€6,787 | -100% |
| Non-recurring operating income | 76A | - | €2,393,134 | +€2.4m | |
| Other operating charges | 640/8 | €38,969 | €41,708 | +€2,739 | +7.0% |
| Gross operating margin | 9900 | -€58,957 | €2,040,379 | +€2.1m | |
| Operating profit (loss) | 9901 | -€97,926 | €1,998,671 | +€2.1m | |
| Financial income | 75/76B | €2,827,189 | €3,499,587 | +€672,398 | +23.8% |
| Recurring financial income | 75 | €2,827,189 | €3,499,587 | +€672,398 | +23.8% |
| Financial charges | 65/66B | €2,719,413 | -€2,193,819 | -€4.9m | |
| Recurring financial charges | 65 | €2,719,413 | -€2,193,819 | -€4.9m | |
| Profit (loss) for the period before taxes | 9903 | €9,850 | €7,692,077 | +€7.7m | +77,991% |
| Income taxes | 67/77 | €680,582 | €1,223,336 | +€542,755 | +79.7% |
| Profit (loss) for the period | 9904 | -€670,731 | €6,468,741 | +€7.1m | |
| Profit (loss) for the period to be appropriated | 9905 | -€670,731 | €6,468,741 | +€7.1m |
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 20 October 2026 via checked.be.