G. VLEUGELS: 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.
G. VLEUGELS
Largest movements
- Receivables within one year -€475
down €475 (-100%), from €475 to €0
- Profit (loss) carried forward -€2,466
down €2,466 (-8.0%), from -€30,633 to -€33,099
- Short-term financial debts +€1,205
new in 2025: €1,205
- Other debts +€773
up €773 (+12.1%), from €6,400 to €7,173
- Other operating charges -€588
down €588 (-100%), from €588 to €0
- Gross operating margin -€90
down €90 (-4.0%), from -€2,223 to -€2,312
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 | €1,756 | €1,280 | -€476 | -27.1% |
| Fixed assets | 21/28 | €505 | €505 | = | 0.0% |
| Financial fixed assets | 28 | €505 | €505 | = | 0.0% |
| Current assets | 29/58 | €1,251 | €775 | -€476 | -38.0% |
| Stocks and contracts in progress | 3 | €775 | €775 | = | 0.0% |
| Stocks | 30/36 | €775 | €775 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €475 | €0 | -€475 | -100% |
| Other amounts receivable | 41 | €475 | €0 | -€475 | -100% |
| Cash at bank and in hand | 54/58 | €1 | €0 | -€1 | -100% |
| Total equity and liabilities | 10/49 | €1,756 | €1,280 | -€476 | -27.1% |
| Equity | 10/15 | -€12,033 | -€14,499 | -€2,466 | -20.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,633 | -€33,099 | -€2,466 | -8.0% |
| Amounts payable | 17/49 | €13,789 | €15,779 | +€1,990 | +14.4% |
| Amounts payable after more than one year | 17 | €6,409 | €6,409 | = | 0.0% |
| Financial debts | 170/4 | €6,409 | €6,409 | = | 0.0% |
| Amounts payable within one year | 42/48 | €7,380 | €9,370 | +€1,990 | +27.0% |
| Financial debts | 43 | - | €1,205 | +€1,205 | |
| Credit institutions | 430/8 | - | €1,205 | +€1,205 | |
| Trade debts | 44 | €980 | €992 | +€12 | +1.2% |
| Suppliers | 440/4 | €980 | €992 | +€12 | +1.2% |
| Other amounts payable | 47/48 | €6,400 | €7,173 | +€773 | +12.1% |
| Other operating charges | 640/8 | €588 | €0 | -€588 | -100% |
| Gross operating margin | 9900 | -€2,223 | -€2,312 | -€90 | -4.0% |
| Operating profit (loss) | 9901 | -€2,810 | -€2,312 | +€498 | +17.7% |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €142 | €164 | +€22 | +15.8% |
| Recurring financial charges | 65 | €142 | €164 | +€22 | +15.8% |
| Profit (loss) for the period before taxes | 9903 | -€2,952 | -€2,466 | +€486 | +16.5% |
| Profit (loss) for the period | 9904 | -€2,952 | -€2,466 | +€486 | +16.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,952 | -€2,466 | +€486 | +16.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.