VLAEBERG MANAGEMENT: 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.
VLAEBERG MANAGEMENT
Largest movements
- Cash -€3,241
down €3,241 (-24.3%), from €13,312 to €10,071
mainly Tax, wage and social debts (-€1,795) and Receivables within one year (-€980)
- Receivables within one year +€980
up €980 (+311%), from €316 to €1,296
- Tax, wage and social debts -€1,795
down €1,795 (-82.3%), from €2,181 to €386
- Profit (loss) carried forward +€1,156
up €1,156 (+14.8%), from €7,825 to €8,981
- Other debts -€906
no longer reported in 2026 (was €906)
- Trade debts -€715
no longer reported in 2026 (was €715)
- Gross operating margin -€8,891
down €8,891 (-79.8%), from €11,144 to €2,252
- Taxes -€1,795
down €1,795 (-82.5%), from €2,176 to €380
- Other operating charges -€429
down €429 (-38.9%), from €1,102 to €673
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 | €13,628 | €11,367 | -€2,261 | -16.6% |
| Current assets | 29/58 | €13,628 | €11,367 | -€2,261 | -16.6% |
| Amounts receivable within one year | 40/41 | €316 | €1,296 | +€980 | +311% |
| Other amounts receivable | 41 | €316 | €1,296 | +€980 | +311% |
| Cash at bank and in hand | 54/58 | €13,312 | €10,071 | -€3,241 | -24.3% |
| Total equity and liabilities | 10/49 | €13,628 | €11,367 | -€2,261 | -16.6% |
| Equity | 10/15 | €9,825 | €10,981 | +€1,156 | +11.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,825 | €8,981 | +€1,156 | +14.8% |
| Amounts payable | 17/49 | €3,802 | €386 | -€3,417 | -89.9% |
| Amounts payable within one year | 42/48 | €3,802 | €386 | -€3,417 | -89.9% |
| Trade debts | 44 | €715 | - | -€715 | |
| Suppliers | 440/4 | €715 | - | -€715 | |
| Taxes, remuneration and social security | 45 | €2,181 | €386 | -€1,795 | -82.3% |
| Taxes | 450/3 | €2,181 | €386 | -€1,795 | -82.3% |
| Other amounts payable | 47/48 | €906 | - | -€906 | |
| Other operating charges | 640/8 | €1,102 | €673 | -€429 | -38.9% |
| Gross operating margin | 9900 | €11,144 | €2,252 | -€8,891 | -79.8% |
| Operating profit (loss) | 9901 | €10,041 | €1,579 | -€8,462 | -84.3% |
| Financial charges | 65/66B | €40 | €43 | +€3 | +7.3% |
| Recurring financial charges | 65 | €40 | €43 | +€3 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | €10,001 | €1,536 | -€8,465 | -84.6% |
| Income taxes | 67/77 | €2,176 | €380 | -€1,795 | -82.5% |
| Profit (loss) for the period | 9904 | €7,825 | €1,156 | -€6,670 | -85.2% |
| Profit (loss) for the period to be appropriated | 9905 | €7,825 | €1,156 | -€6,670 | -85.2% |
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 28 October 2026 via checked.be.