De Vlieger Arnaud: what changed
De Vlieger Arnaud
Largest movements
- Cash -€109,629
down €109,629 (-94.9%), from €115,568 to €5,939
mainly Contributions, distributions and other (-€89,800) and Trade debts (-€48,931)
- Tangible fixed assets +€24,573
up €24,573 (+19.4%), from €126,544 to €151,117
of which Assets under construction and advance payments: +€30,802
- Trade debts -€48,931
down €48,931 (-93.1%), from €52,539 to €3,607
- Profit (loss) carried forward -€34,713
down €34,713 (-31.9%), from €108,677 to €73,964
- Debts after one year -€10,666
down €10,666 (-66.4%), from €16,057 to €5,392
- Tax, wage and social debts +€6,753
up €6,753 (+120%), from €5,612 to €12,365
- Other debts +€3,850
up €3,850 (+22.1%), from €17,393 to €21,243
- Depreciation +€6,353
up €6,353 (+86.4%), from €7,353 to €13,706
- Taxes +€2,079
up €2,079 (+15.1%), from €13,759 to €15,838
- Staff costs +€1,843
new in 2025: €1,843
- Gross operating margin +€1,667
up €1,667 (+1.9%), from €87,403 to €89,070
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €256,789 | €173,236 | -€83,553 | -32.5% |
| Fixed assets | 21/28 | €126,544 | €151,117 | +€24,573 | +19.4% |
| Tangible fixed assets | 22/27 | €126,544 | €151,117 | +€24,573 | +19.4% |
| Plant, machinery and equipment | 23 | €2,579 | €2,006 | -€574 | -22.2% |
| Furniture and vehicles | 24 | €20,215 | €14,559 | -€5,655 | -28.0% |
| Assets under construction and advance payments | 27 | €103,750 | €134,551 | +€30,802 | +29.7% |
| Current assets | 29/58 | €130,246 | €22,119 | -€108,126 | -83.0% |
| Amounts receivable within one year | 40/41 | €13,735 | €15,184 | +€1,449 | +10.5% |
| Trade receivables | 40 | €13,008 | €15,125 | +€2,117 | +16.3% |
| Other amounts receivable | 41 | €728 | €59 | -€668 | -91.9% |
| Cash at bank and in hand | 54/58 | €115,568 | €5,939 | -€109,629 | -94.9% |
| Deferred charges and accrued income | 490/1 | €943 | €997 | +€54 | +5.7% |
| Total equity and liabilities | 10/49 | €256,789 | €173,236 | -€83,553 | -32.5% |
| Equity | 10/15 | €154,677 | €119,964 | -€34,713 | -22.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €45,000 | €45,000 | = | 0.0% |
| Distributable reserves | 133 | €45,000 | €45,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €108,677 | €73,964 | -€34,713 | -31.9% |
| Amounts payable | 17/49 | €102,112 | €53,272 | -€48,840 | -47.8% |
| Amounts payable after more than one year | 17 | €16,057 | €5,392 | -€10,666 | -66.4% |
| Financial debts | 170/4 | €16,057 | €5,392 | -€10,666 | -66.4% |
| Amounts payable within one year | 42/48 | €86,055 | €47,881 | -€38,174 | -44.4% |
| Current portion of amounts payable after more than one year | 42 | €10,511 | €10,666 | +€155 | +1.5% |
| Trade debts | 44 | €52,539 | €3,607 | -€48,931 | -93.1% |
| Suppliers | 440/4 | €52,539 | €3,607 | -€48,931 | -93.1% |
| Taxes, remuneration and social security | 45 | €5,612 | €12,365 | +€6,753 | +120% |
| Taxes | 450/3 | €5,612 | €12,365 | +€6,753 | +120% |
| Other amounts payable | 47/48 | €17,393 | €21,243 | +€3,850 | +22.1% |
| Remuneration, social security and pensions | 62 | - | €1,843 | +€1,843 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,353 | €13,706 | +€6,353 | +86.4% |
| Other operating charges | 640/8 | €765 | €1,065 | +€300 | +39.2% |
| Gross operating margin | 9900 | €87,403 | €89,070 | +€1,667 | +1.9% |
| Operating profit (loss) | 9901 | €79,285 | €72,455 | -€6,830 | -8.6% |
| Financial charges | 65/66B | €1,643 | €1,531 | -€112 | -6.8% |
| Recurring financial charges | 65 | €1,643 | €1,531 | -€112 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €77,643 | €70,925 | -€6,718 | -8.7% |
| Income taxes | 67/77 | €13,759 | €15,838 | +€2,079 | +15.1% |
| Profit (loss) for the period | 9904 | €63,883 | €55,087 | -€8,797 | -13.8% |
| Profit (loss) for the period to be appropriated | 9905 | €63,883 | €55,087 | -€8,797 | -13.8% |
Next steps
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.