De Vliender: 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 Vliender
Largest movements
- Tangible fixed assets -€29,486
down €29,486 (-2.5%), from €1.2m to €1.1m
of which Land and buildings: -€27,915
- Short-term financial debts -€125,000
no longer reported in 2025 (was €125,000)
- Debts after one year +€100,858
up €100,858 (+44.2%), from €228,328 to €329,187
- Gross operating margin +€39,383
up €39,383 (+403%), from €9,769 to €49,152
- Depreciation +€30,134
new in 2025: €30,134
- Other operating charges +€2,923
up €2,923 (+554%), from €528 to €3,451
- Financial charges -€564
down €564 (-3.1%), from €18,380 to €17,815
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 | €1,172,605 | €1,154,355 | -€18,250 | -1.6% |
| Fixed assets | 21/28 | €1,170,904 | €1,141,417 | -€29,486 | -2.5% |
| Tangible fixed assets | 22/27 | €1,170,904 | €1,141,417 | -€29,486 | -2.5% |
| Land and buildings | 22 | €1,119,052 | €1,091,137 | -€27,915 | -2.5% |
| Other tangible fixed assets | 26 | €51,851 | €50,280 | -€1,571 | -3.0% |
| Current assets | 29/58 | €1,701 | €12,938 | +€11,237 | +661% |
| Amounts receivable within one year | 40/41 | - | €7,260 | +€7,260 | |
| Trade receivables | 40 | - | €7,260 | +€7,260 | |
| Cash at bank and in hand | 54/58 | €1,701 | €5,678 | +€3,977 | +234% |
| Total equity and liabilities | 10/49 | €1,172,605 | €1,154,355 | -€18,250 | -1.6% |
| Equity | 10/15 | €142,367 | €140,126 | -€2,241 | -1.6% |
| Contributions | 10/11 | €178,000 | €178,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,633 | -€37,874 | -€2,241 | -6.3% |
| Amounts payable | 17/49 | €1,030,238 | €1,014,229 | -€16,009 | -1.6% |
| Amounts payable after more than one year | 17 | €228,328 | €329,187 | +€100,858 | +44.2% |
| Financial debts | 170/4 | €228,328 | €329,187 | +€100,858 | +44.2% |
| Amounts payable within one year | 42/48 | €801,910 | €685,042 | -€116,867 | -14.6% |
| Current portion of amounts payable after more than one year | 42 | €13,800 | €20,550 | +€6,750 | +48.9% |
| Financial debts | 43 | €125,000 | - | -€125,000 | |
| Credit institutions | 430/8 | €125,000 | - | -€125,000 | |
| Trade debts | 44 | €21,895 | €20,220 | -€1,675 | -7.7% |
| Suppliers | 440/4 | €21,895 | €20,220 | -€1,675 | -7.7% |
| Taxes, remuneration and social security | 45 | €18,886 | €24,667 | +€5,781 | +30.6% |
| Taxes | 450/3 | €1,483 | €3,254 | +€1,771 | +119% |
| Remuneration and social security | 454/9 | €17,403 | €21,413 | +€4,010 | +23.0% |
| Other amounts payable | 47/48 | €622,329 | €619,606 | -€2,723 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €30,134 | +€30,134 | |
| Other operating charges | 640/8 | €528 | €3,451 | +€2,923 | +554% |
| Gross operating margin | 9900 | €9,769 | €49,152 | +€39,383 | +403% |
| Operating profit (loss) | 9901 | €9,241 | €15,567 | +€6,326 | +68.5% |
| Financial income | 75/76B | - | €7 | +€7 | |
| Recurring financial income | 75 | - | €7 | +€7 | |
| Financial charges | 65/66B | €18,380 | €17,815 | -€564 | -3.1% |
| Recurring financial charges | 65 | €18,380 | €17,815 | -€564 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | -€9,138 | -€2,241 | +€6,898 | +75.5% |
| Profit (loss) for the period | 9904 | -€9,138 | -€2,241 | +€6,898 | +75.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,138 | -€2,241 | +€6,898 | +75.5% |
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 16 October 2026 via checked.be.