Vlaamse Havens: what changed
What changed
Vlaamse Havens
filed annual accounts (NBB)
Net result for the year
€183,513
2024 · €210,181-€26,667
Equity
€17.4m
2024 · €17.2m+€183,513
Cash
€7.0m
2024 · €6.6m+€460,367
Balance sheet total
€17.4m
2024 · €17.2m+€184,235
Largest movements
Assets
- Cash +€460,367
up €460,367 (+7.0%), from €6.6m to €7.0m
mainly Investment in fixed assets (net) (+€269,472) and Net result for the year (+€183,513)
- Financial fixed assets -€269,472
down €269,472 (-3.6%), from €7.5m to €7.3m
Equity and liabilities
- Profit (loss) carried forward +€174,337
up €174,337 (+8.3%), from €2.1m to €2.3m
Income statement
No income-statement line moved by more than 1% of the activity.
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.
Result 2024
€210,181
Other operating charges
-€31
Other operating items
-€222
Financial income
-€36,344
Financial charges
+€252
Taxes
+€9,678
Result 2025
€183,513
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€190,894
Investment
+€269,472
Financing
€0
Cash 2024
€6.6m
From operations (derived)
+€190,894
Net result for the year
+€183,513
Deferred charges and accrued income
+€6,659
Trade debts
-€1,513
Tax, wage and social debts
+€2,234
Investment (derived)
+€269,472
Investment in fixed assets (net)
+€269,472
Cash 2025
€7.0m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,215,403 | €17,399,638 | +€184,235 | +1.1% |
| Fixed assets | 21/28 | €7,541,146 | €7,271,674 | -€269,472 | -3.6% |
| Financial fixed assets | 28 | €7,541,146 | €7,271,674 | -€269,472 | -3.6% |
| Companies linked by participating interests | 282/3 | €7,541,146 | €7,271,674 | -€269,472 | -3.6% |
| Participating interests | 282 | €2,080,000 | €2,080,000 | = | 0.0% |
| Amounts receivable | 283 | €5,461,146 | €5,191,674 | -€269,472 | -4.9% |
| Current assets | 29/58 | €9,674,257 | €10,127,964 | +€453,708 | +4.7% |
| Amounts receivable within one year | 40/41 | €14,500 | €14,500 | = | 0.0% |
| Other amounts receivable | 41 | €14,500 | €14,500 | = | 0.0% |
| Current investments | 50/53 | €3,064,179 | €3,064,179 | = | 0.0% |
| Other investments | 51/53 | €3,064,179 | €3,064,179 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €6,583,190 | €7,043,556 | +€460,367 | +7.0% |
| Deferred charges and accrued income | 490/1 | €12,388 | €5,729 | -€6,659 | -53.8% |
| Total equity and liabilities | 10/49 | €17,215,403 | €17,399,638 | +€184,235 | +1.1% |
| Equity | 10/15 | €17,213,890 | €17,397,404 | +€183,513 | +1.1% |
| Contributions | 10/11 | €15,000,000 | €15,000,000 | = | 0.0% |
| Capital | 10 | €15,000,000 | €15,000,000 | = | 0.0% |
| Issued capital | 100 | €60,000,000 | €60,000,000 | = | 0.0% |
| Uncalled capital | 101 | €45,000,000 | €45,000,000 | = | 0.0% |
| Reserves | 13 | €113,144 | €122,320 | +€9,176 | +8.1% |
| Non-distributable reserves | 130/1 | €113,144 | €122,320 | +€9,176 | +8.1% |
| Legal reserve | 130 | €113,144 | €122,320 | +€9,176 | +8.1% |
| Profit (loss) carried forward | 14 | €2,100,747 | €2,275,084 | +€174,337 | +8.3% |
| Amounts payable | 17/49 | €1,513 | €2,234 | +€722 | +47.7% |
| Amounts payable within one year | 42/48 | €1,513 | €2,234 | +€722 | +47.7% |
| Trade debts | 44 | €1,513 | - | -€1,513 | |
| Suppliers | 440/4 | €1,513 | - | -€1,513 | |
| Taxes, remuneration and social security | 45 | - | €2,234 | +€2,234 | |
| Taxes | 450/3 | - | €2,234 | +€2,234 | |
| Operating charges | 60/66A | €14,965 | €15,218 | +€253 | +1.7% |
| Services and other goods | 61 | €13,997 | €14,219 | +€222 | +1.6% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Operating profit (loss) | 9901 | -€14,965 | -€15,218 | -€253 | -1.7% |
| Financial income | 75/76B | €296,590 | €260,246 | -€36,344 | -12.3% |
| Recurring financial income | 75 | €296,590 | €260,246 | -€36,344 | -12.3% |
| Income from current assets | 751 | €296,590 | €260,246 | -€36,344 | -12.3% |
| Financial charges | 65/66B | €595 | €344 | -€252 | -42.3% |
| Recurring financial charges | 65 | €595 | €344 | -€252 | -42.3% |
| Other financial charges | 652/9 | €595 | €344 | -€252 | -42.3% |
| Profit (loss) for the period before taxes | 9903 | €281,030 | €244,685 | -€36,345 | -12.9% |
| Income taxes | 67/77 | €70,849 | €61,171 | -€9,678 | -13.7% |
| Taxes | 670/3 | €70,849 | €61,171 | -€9,678 | -13.7% |
| Profit (loss) for the period | 9904 | €210,181 | €183,513 | -€26,667 | -12.7% |
| Profit (loss) for the period to be appropriated | 9905 | €210,181 | €183,513 | -€26,667 | -12.7% |
Next steps
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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.