DE VLIERBEEK: 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 VLIERBEEK
Largest movements
- Tangible fixed assets -€32,758
down €32,758 (-7.7%), from €427,501 to €394,743
of which Land and buildings: -€23,906
- Receivables within one year +€9,613
up €9,613 (+129%), from €7,427 to €17,040
of which Trade receivables: +€10,601
- Debts after one year -€18,783
down €18,783 (-14.6%), from €128,660 to €109,877
- Profit (loss) carried forward -€12,317
new in 2025: -€12,317
- Trade debts +€7,120
up €7,120 (+142%), from €5,026 to €12,146
- Gross operating margin -€26,612
down €26,612 (-46.6%), from €57,065 to €30,453
- Taxes -€3,569
down €3,569 (-95.3%), from €3,745 to €176
- Financial charges -€2,951
down €2,951 (-32.4%), from €9,114 to €6,163
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 | €553,401 | €533,272 | -€20,130 | -3.6% |
| Fixed assets | 21/28 | €428,101 | €394,743 | -€33,358 | -7.8% |
| Intangible fixed assets | 21 | €600 | - | -€600 | |
| Tangible fixed assets | 22/27 | €427,501 | €394,743 | -€32,758 | -7.7% |
| Land and buildings | 22 | €393,317 | €369,411 | -€23,906 | -6.1% |
| Plant, machinery and equipment | 23 | €7,602 | €5,543 | -€2,059 | -27.1% |
| Furniture and vehicles | 24 | €26,582 | €19,789 | -€6,793 | -25.6% |
| Current assets | 29/58 | €125,301 | €138,529 | +€13,229 | +10.6% |
| Stocks and contracts in progress | 3 | €115,591 | €114,086 | -€1,505 | -1.3% |
| Stocks | 30/36 | €115,591 | €114,086 | -€1,505 | -1.3% |
| Amounts receivable within one year | 40/41 | €7,427 | €17,040 | +€9,613 | +129% |
| Trade receivables | 40 | €5,312 | €15,913 | +€10,601 | +200% |
| Other amounts receivable | 41 | €2,115 | €1,127 | -€988 | -46.7% |
| Cash at bank and in hand | 54/58 | €2,283 | €2,102 | -€181 | -7.9% |
| Deferred charges and accrued income | 490/1 | - | €5,301 | +€5,301 | |
| Total equity and liabilities | 10/49 | €553,401 | €533,272 | -€20,130 | -3.6% |
| Equity | 10/15 | €92,744 | €80,427 | -€12,317 | -13.3% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €31,244 | €31,244 | = | 0.0% |
| Non-distributable reserves | 130/1 | €260 | €260 | = | 0.0% |
| Other | 1319 | €260 | €260 | = | 0.0% |
| Distributable reserves | 133 | €30,985 | €30,985 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€12,317 | -€12,317 | |
| Amounts payable | 17/49 | €460,657 | €452,845 | -€7,812 | -1.7% |
| Amounts payable after more than one year | 17 | €128,660 | €109,877 | -€18,783 | -14.6% |
| Financial debts | 170/4 | €128,660 | €109,877 | -€18,783 | -14.6% |
| Amounts payable within one year | 42/48 | €331,997 | €342,967 | +€10,971 | +3.3% |
| Current portion of amounts payable after more than one year | 42 | €17,840 | €18,771 | +€931 | +5.2% |
| Financial debts | 43 | €2,939 | €2,688 | -€250 | -8.5% |
| Credit institutions | 430/8 | €2,939 | €2,688 | -€250 | -8.5% |
| Trade debts | 44 | €5,026 | €12,146 | +€7,120 | +142% |
| Suppliers | 440/4 | €5,026 | €12,146 | +€7,120 | +142% |
| Taxes, remuneration and social security | 45 | - | €820 | +€820 | |
| Taxes | 450/3 | - | €820 | +€820 | |
| Other amounts payable | 47/48 | €306,192 | €308,542 | +€2,350 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,792 | €33,358 | +€566 | +1.7% |
| Other operating charges | 640/8 | €2,900 | €3,189 | +€289 | +10.0% |
| Gross operating margin | 9900 | €57,065 | €30,453 | -€26,612 | -46.6% |
| Operating profit (loss) | 9901 | €21,373 | -€6,094 | -€27,468 | |
| Financial income | 75/76B | - | €116 | +€116 | |
| Recurring financial income | 75 | - | €116 | +€116 | |
| Financial charges | 65/66B | €9,114 | €6,163 | -€2,951 | -32.4% |
| Recurring financial charges | 65 | €9,114 | €6,163 | -€2,951 | -32.4% |
| Profit (loss) for the period before taxes | 9903 | €12,260 | -€12,141 | -€24,401 | |
| Income taxes | 67/77 | €3,745 | €176 | -€3,569 | -95.3% |
| Profit (loss) for the period | 9904 | €8,514 | -€12,317 | -€20,832 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,514 | -€12,317 | -€20,832 |
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 19 October 2026 via checked.be.