VAN VLERKEN: 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.
VAN VLERKEN
Largest movements
- Tangible fixed assets -€44,822
down €44,822 (-9.3%), from €483,668 to €438,847
of which Leasing and similar rights: -€45,529
- Stocks and contracts +€23,458
up €23,458 (+64.5%), from €36,376 to €59,833
- Receivables within one year +€10,668
up €10,668 (+7.3%), from €146,802 to €157,470
of which Trade receivables: +€6,369
- Debts after one year -€25,580
down €25,580 (-7.6%), from €338,603 to €313,023
- Tax, wage and social debts +€20,995
up €20,995 (+184%), from €11,405 to €32,401
of which Taxes: +€17,749
- Trade debts +€18,868
up €18,868 (+27.6%), from €68,426 to €87,294
- Other debts -€16,680
down €16,680 (-100%), from €16,680 to €0
- Short-term financial debts -€13,394
down €13,394 (-18.4%), from €72,893 to €59,499
- Gross operating margin +€69,386
up €69,386 (+67.5%), from €102,809 to €172,195
- Staff costs +€24,033
up €24,033 (+61.5%), from €39,060 to €63,093
- Depreciation +€4,018
up €4,018 (+5.8%), from €68,909 to €72,927
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €670,506 | €659,201 | -€11,305 | -1.7% |
| Fixed assets | 21/28 | €486,168 | €438,847 | -€47,322 | -9.7% |
| Tangible fixed assets | 22/27 | €483,668 | €438,847 | -€44,822 | -9.3% |
| Land and buildings | 22 | €368,665 | €358,307 | -€10,357 | -2.8% |
| Plant, machinery and equipment | 23 | €35,875 | €17,475 | -€18,400 | -51.3% |
| Furniture and vehicles | 24 | €33,600 | €19,097 | -€14,503 | -43.2% |
| Leasing and similar rights | 25 | €45,529 | - | -€45,529 | |
| Other tangible fixed assets | 26 | - | €43,968 | +€43,968 | |
| Financial fixed assets | 28 | €2,500 | €0 | -€2,500 | -100% |
| Current assets | 29/58 | €184,338 | €220,355 | +€36,017 | +19.5% |
| Stocks and contracts in progress | 3 | €36,376 | €59,833 | +€23,458 | +64.5% |
| Stocks | 30/36 | €36,376 | €59,833 | +€23,458 | +64.5% |
| Amounts receivable within one year | 40/41 | €146,802 | €157,470 | +€10,668 | +7.3% |
| Trade receivables | 40 | €134,068 | €140,437 | +€6,369 | +4.8% |
| Other amounts receivable | 41 | €12,734 | €17,034 | +€4,299 | +33.8% |
| Cash at bank and in hand | 54/58 | €1,032 | €2,553 | +€1,521 | +147% |
| Deferred charges and accrued income | 490/1 | €128 | €498 | +€370 | +289% |
| Total equity and liabilities | 10/49 | €670,506 | €659,201 | -€11,305 | -1.7% |
| Equity | 10/15 | €114,660 | €124,933 | +€10,273 | +9.0% |
| Contributions | 10/11 | €57,100 | €57,100 | = | 0.0% |
| Reserves | 13 | €60,000 | €67,833 | +€7,833 | +13.1% |
| Distributable reserves | 133 | €60,000 | €67,833 | +€7,833 | +13.1% |
| Profit (loss) carried forward | 14 | -€2,440 | €0 | +€2,440 | |
| Amounts payable | 17/49 | €555,846 | €534,269 | -€21,578 | -3.9% |
| Amounts payable after more than one year | 17 | €338,603 | €313,023 | -€25,580 | -7.6% |
| Financial debts | 170/4 | €338,603 | €313,023 | -€25,580 | -7.6% |
| Amounts payable within one year | 42/48 | €216,169 | €220,171 | +€4,002 | +1.9% |
| Current portion of amounts payable after more than one year | 42 | €46,764 | €40,978 | -€5,786 | -12.4% |
| Financial debts | 43 | €72,893 | €59,499 | -€13,394 | -18.4% |
| Credit institutions | 430/8 | €72,893 | €59,499 | -€13,394 | -18.4% |
| Trade debts | 44 | €68,426 | €87,294 | +€18,868 | +27.6% |
| Suppliers | 440/4 | €68,426 | €87,294 | +€18,868 | +27.6% |
| Taxes, remuneration and social security | 45 | €11,405 | €32,401 | +€20,995 | +184% |
| Taxes | 450/3 | €5,977 | €23,726 | +€17,749 | +297% |
| Remuneration and social security | 454/9 | €5,428 | €8,675 | +€3,246 | +59.8% |
| Other amounts payable | 47/48 | €16,680 | €0 | -€16,680 | -100% |
| Accrued charges and deferred income | 492/3 | €1,075 | €1,075 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €39,060 | €63,093 | +€24,033 | +61.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,909 | €72,927 | +€4,018 | +5.8% |
| Other operating charges | 640/8 | €3,799 | €4,139 | +€340 | +9.0% |
| Gross operating margin | 9900 | €102,809 | €172,195 | +€69,386 | +67.5% |
| Operating profit (loss) | 9901 | -€8,959 | €32,036 | +€40,995 | |
| Financial income | 75/76B | €1,523 | €2,372 | +€848 | +55.7% |
| Recurring financial income | 75 | €1,523 | €2,372 | +€848 | +55.7% |
| Financial charges | 65/66B | €22,872 | €23,435 | +€563 | +2.5% |
| Recurring financial charges | 65 | €22,872 | €23,435 | +€563 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | -€30,308 | €10,973 | +€41,281 | |
| Income taxes | 67/77 | -€934 | €700 | +€1,634 | |
| Profit (loss) for the period | 9904 | -€29,374 | €10,273 | +€39,647 | |
| Profit (loss) for the period to be appropriated | 9905 | -€29,374 | €10,273 | +€39,647 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.