VANFLETEREN PIETER: what changed
VANFLETEREN PIETER
Largest movements
- Receivables within one year -€20,865
down €20,865 (-77.7%), from €26,838 to €5,973
- Tangible fixed assets +€4,553
up €4,553 (+75.3%), from €6,050 to €10,603
of which Furniture and vehicles: +€6,107
- Cash -€3,967
down €3,967 (-9.8%), from €40,285 to €36,318
mainly Contributions, distributions and other (-€51,676) and Investment in fixed assets (net) (-€7,628)
- Reserves -€25,678
down €25,678 (-51.2%), from €50,176 to €24,498
- Tax, wage and social debts +€3,207
up €3,207 (+41.5%), from €7,724 to €10,931
- Other debts +€1,881
up €1,881 (+250%), from €753 to €2,634
- Gross operating margin -€12,161
down €12,161 (-25.0%), from €48,708 to €36,548
- Taxes -€5,082
down €5,082 (-41.8%), from €12,143 to €7,062
- Depreciation +€938
up €938 (+43.9%), from €2,136 to €3,074
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 | €73,172 | €52,894 | -€20,279 | -27.7% |
| Fixed assets | 21/28 | €6,050 | €10,603 | +€4,553 | +75.3% |
| Tangible fixed assets | 22/27 | €6,050 | €10,603 | +€4,553 | +75.3% |
| Plant, machinery and equipment | 23 | €3,804 | €2,251 | -€1,553 | -40.8% |
| Furniture and vehicles | 24 | €2,245 | €8,352 | +€6,107 | +272% |
| Current assets | 29/58 | €67,123 | €42,291 | -€24,832 | -37.0% |
| Amounts receivable within one year | 40/41 | €26,838 | €5,973 | -€20,865 | -77.7% |
| Trade receivables | 40 | €26,838 | €5,973 | -€20,865 | -77.7% |
| Cash at bank and in hand | 54/58 | €40,285 | €36,318 | -€3,967 | -9.8% |
| Total equity and liabilities | 10/49 | €73,172 | €52,894 | -€20,279 | -27.7% |
| Equity | 10/15 | €62,576 | €36,898 | -€25,678 | -41.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €50,176 | €24,498 | -€25,678 | -51.2% |
| Distributable reserves | 133 | €50,176 | €24,498 | -€25,678 | -51.2% |
| Amounts payable | 17/49 | €10,597 | €15,996 | +€5,399 | +51.0% |
| Amounts payable within one year | 42/48 | €9,231 | €14,529 | +€5,298 | +57.4% |
| Trade debts | 44 | €754 | €964 | +€210 | +27.8% |
| Suppliers | 440/4 | €754 | €964 | +€210 | +27.8% |
| Taxes, remuneration and social security | 45 | €7,724 | €10,931 | +€3,207 | +41.5% |
| Taxes | 450/3 | €7,724 | €10,931 | +€3,207 | +41.5% |
| Other amounts payable | 47/48 | €753 | €2,634 | +€1,881 | +250% |
| Accrued charges and deferred income | 492/3 | €1,366 | €1,467 | +€101 | +7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,136 | €3,074 | +€938 | +43.9% |
| Other operating charges | 640/8 | €505 | €609 | +€104 | +20.6% |
| Gross operating margin | 9900 | €48,708 | €36,548 | -€12,161 | -25.0% |
| Operating profit (loss) | 9901 | €46,067 | €32,864 | -€13,203 | -28.7% |
| Financial income | 75/76B | €465 | €250 | -€215 | -46.3% |
| Recurring financial income | 75 | €465 | €250 | -€215 | -46.3% |
| Financial charges | 65/66B | €74 | €55 | -€18 | -25.1% |
| Recurring financial charges | 65 | €74 | €55 | -€18 | -25.1% |
| Profit (loss) for the period before taxes | 9903 | €46,458 | €33,059 | -€13,399 | -28.8% |
| Income taxes | 67/77 | €12,143 | €7,062 | -€5,082 | -41.8% |
| Profit (loss) for the period | 9904 | €34,315 | €25,998 | -€8,318 | -24.2% |
| Profit (loss) for the period to be appropriated | 9905 | €34,315 | €25,998 | -€8,318 | -24.2% |
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 3 November 2026 via checked.be.