VLAAMSE POST: what changed
Two fiscal 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.
VLAAMSE POST
Largest movements
- Receivables within one year +€274,559
up €274,559 (+32.0%), from €858,743 to €1.1m
of which Trade receivables: +€269,637
- Cash +€165,601
up €165,601 (+476.0%), from €34,787 to €200,388
mainly Trade debts (+€214,077) and Deferred charges and accrued income (+€128,100)
- Deferred charges and accrued income -€128,100
down €128,100 (-95.3%), from €134,466 to €6,366
- Trade debts +€214,077
up €214,077 (+39.1%), from €546,819 to €760,896
- Reserves +€104,943
up €104,943 (+28.3%), from €370,984 to €475,927
of which Distributable reserves: +€104,943
- Gross operating margin -€18,247
down €18,247 (-8.1%), from €225,050 to €206,803
- Taxes -€6,339
down €6,339 (-15.3%), from €41,476 to €35,137
- Financial income +€2,689
up €2,689 (+334.5%), from €804 to €3,492
- Staff costs -€2,475
down €2,475 (-3.7%), from €67,710 to €65,235
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.
Cash bridge derived
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 | €1,027,997 | €1,340,057 | +€312,060 | +30.4% |
| Current assets | 29/58 | €1,027,997 | €1,340,057 | +€312,060 | +30.4% |
| Amounts receivable within one year | 40/41 | €858,743 | €1,133,302 | +€274,559 | +32.0% |
| Trade receivables | 40 | €842,292 | €1,111,929 | +€269,637 | +32.0% |
| Other amounts receivable | 41 | €16,451 | €21,373 | +€4,923 | +29.9% |
| Cash at bank and in hand | 54/58 | €34,787 | €200,388 | +€165,601 | +476.0% |
| Deferred charges and accrued income | 490/1 | €134,466 | €6,366 | -€128,100 | -95.3% |
| Total equity and liabilities | 10/49 | €1,027,997 | €1,340,057 | +€312,060 | +30.4% |
| Equity | 10/15 | €432,984 | €537,927 | +€104,943 | +24.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €370,984 | €475,927 | +€104,943 | +28.3% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €364,784 | €469,727 | +€104,943 | +28.8% |
| Amounts payable | 17/49 | €595,013 | €802,130 | +€207,117 | +34.8% |
| Amounts payable within one year | 42/48 | €595,013 | €802,130 | +€207,117 | +34.8% |
| Current portion of amounts payable after more than one year | 42 | €27,500 | €27,500 | = | 0.0% |
| Trade debts | 44 | €546,819 | €760,896 | +€214,077 | +39.1% |
| Suppliers | 440/4 | €546,819 | €760,896 | +€214,077 | +39.1% |
| Taxes, remuneration and social security | 45 | €20,509 | €13,549 | -€6,960 | -33.9% |
| Taxes | 450/3 | €13,400 | €7,000 | -€6,400 | -47.8% |
| Remuneration and social security | 454/9 | €7,109 | €6,549 | -€560 | -7.9% |
| Other amounts payable | 47/48 | €184 | €184 | = | 0.0% |
| Non-recurring operating income | 76A | - | €826 | +€826 | |
| Remuneration, social security and pensions | 62 | €67,710 | €65,235 | -€2,475 | -3.7% |
| Other operating charges | 640/8 | €2,858 | €1,448 | -€1,409 | -49.3% |
| Gross operating margin | 9900 | €225,050 | €206,803 | -€18,247 | -8.1% |
| Operating profit (loss) | 9901 | €154,483 | €140,120 | -€14,363 | -9.3% |
| Financial income | 75/76B | €804 | €3,492 | +€2,689 | +334.5% |
| Recurring financial income | 75 | €804 | €3,492 | +€2,689 | +334.5% |
| Financial charges | 65/66B | €2,705 | €3,532 | +€827 | +30.6% |
| Recurring financial charges | 65 | €2,705 | €3,532 | +€827 | +30.6% |
| Profit (loss) for the period before taxes | 9903 | €152,581 | €140,080 | -€12,501 | -8.2% |
| Income taxes | 67/77 | €41,476 | €35,137 | -€6,339 | -15.3% |
| Profit (loss) for the period | 9904 | €111,106 | €104,943 | -€6,163 | -5.5% |
| Profit (loss) for the period to be appropriated | 9905 | €111,106 | €104,943 | -€6,163 | -5.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.