VLAEMINCK: 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.
VLAEMINCK
Largest movements
- Receivables within one year -€135,489
down €135,489 (-13.2%), from €1.0m to €887,845
of which Trade receivables: -€175,379
- Stocks and contracts +€33,882
up €33,882 (+85.2%), from €39,772 to €73,654
- Tangible fixed assets -€31,449
down €31,449 (-26.7%), from €117,595 to €86,146
of which Furniture and vehicles: -€23,576
- Reserves -€80,000
down €80,000 (-13.4%), from €597,571 to €517,571
of which Distributable reserves: -€75,000
- Profit (loss) carried forward +€54,142
up €54,142, from €0 to €54,142
- Tax, wage and social debts -€35,233
down €35,233 (-42.3%), from €83,309 to €48,076
of which Taxes: -€35,594
- Other debts -€31,861
down €31,861 (-28.3%), from €112,508 to €80,647
- Debts after one year -€16,042
down €16,042 (-40.5%), from €39,566 to €23,524
- Gross operating margin -€182,399
down €182,399 (-34.3%), from €531,735 to €349,335
- Taxes -€70,761
down €70,761 (-79.5%), from €88,973 to €18,212
- Write-downs +€29,481
up €29,481 (+161%), from €18,298 to €47,779
- Depreciation -€19,599
down €19,599 (-31.8%), from €61,580 to €41,981
- Staff costs -€7,775
down €7,775 (-5.4%), from €144,603 to €136,828
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.
Derived cash bridge
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 | €1,336,413 | €1,210,943 | -€125,470 | -9.4% |
| Fixed assets | 21/28 | €117,595 | €86,146 | -€31,449 | -26.7% |
| Tangible fixed assets | 22/27 | €117,595 | €86,146 | -€31,449 | -26.7% |
| Plant, machinery and equipment | 23 | €36,122 | €28,249 | -€7,873 | -21.8% |
| Furniture and vehicles | 24 | €81,473 | €57,897 | -€23,576 | -28.9% |
| Current assets | 29/58 | €1,218,818 | €1,124,797 | -€94,021 | -7.7% |
| Stocks and contracts in progress | 3 | €39,772 | €73,654 | +€33,882 | +85.2% |
| Stocks | 30/36 | €39,772 | €73,654 | +€33,882 | +85.2% |
| Amounts receivable within one year | 40/41 | €1,023,333 | €887,845 | -€135,489 | -13.2% |
| Trade receivables | 40 | €1,021,724 | €846,344 | -€175,379 | -17.2% |
| Other amounts receivable | 41 | €1,610 | €41,500 | +€39,891 | +2,478% |
| Cash at bank and in hand | 54/58 | €146,966 | €148,865 | +€1,899 | +1.3% |
| Deferred charges and accrued income | 490/1 | €8,747 | €14,434 | +€5,687 | +65.0% |
| Total equity and liabilities | 10/49 | €1,336,413 | €1,210,943 | -€125,470 | -9.4% |
| Equity | 10/15 | €647,571 | €621,712 | -€25,858 | -4.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €597,571 | €517,571 | -€80,000 | -13.4% |
| Non-distributable reserves | 130/1 | €5,000 | €0 | -€5,000 | -100% |
| Other | 1319 | €5,000 | €0 | -€5,000 | -100% |
| Distributable reserves | 133 | €592,571 | €517,571 | -€75,000 | -12.7% |
| Profit (loss) carried forward | 14 | €0 | €54,142 | +€54,142 | |
| Amounts payable | 17/49 | €688,842 | €589,230 | -€99,612 | -14.5% |
| Amounts payable after more than one year | 17 | €39,566 | €23,524 | -€16,042 | -40.5% |
| Financial debts | 170/4 | €39,566 | €23,524 | -€16,042 | -40.5% |
| Amounts payable within one year | 42/48 | €648,323 | €565,706 | -€82,617 | -12.7% |
| Current portion of amounts payable after more than one year | 42 | €26,407 | €16,042 | -€10,365 | -39.3% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €426,099 | €420,942 | -€5,158 | -1.2% |
| Suppliers | 440/4 | €426,099 | €420,942 | -€5,158 | -1.2% |
| Taxes, remuneration and social security | 45 | €83,309 | €48,076 | -€35,233 | -42.3% |
| Taxes | 450/3 | €57,256 | €21,662 | -€35,594 | -62.2% |
| Remuneration and social security | 454/9 | €26,053 | €26,413 | +€361 | +1.4% |
| Other amounts payable | 47/48 | €112,508 | €80,647 | -€31,861 | -28.3% |
| Accrued charges and deferred income | 492/3 | €953 | €0 | -€953 | -100% |
| Non-recurring operating income | 76A | €6,430 | €46,688 | +€40,258 | +626% |
| Remuneration, social security and pensions | 62 | €144,603 | €136,828 | -€7,775 | -5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,580 | €41,981 | -€19,599 | -31.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €18,298 | €47,779 | +€29,481 | +161% |
| Other operating charges | 640/8 | €10,871 | €9,590 | -€1,281 | -11.8% |
| Non-recurring operating charges | 66A | €1,642 | €32,496 | +€30,854 | +1,879% |
| Gross operating margin | 9900 | €531,735 | €349,335 | -€182,399 | -34.3% |
| Operating profit (loss) | 9901 | €294,741 | €80,662 | -€214,079 | -72.6% |
| Financial income | 75/76B | €742 | €464 | -€278 | -37.5% |
| Recurring financial income | 75 | €742 | €464 | -€278 | -37.5% |
| Financial charges | 65/66B | €12,076 | €8,772 | -€3,304 | -27.4% |
| Recurring financial charges | 65 | €12,076 | €8,772 | -€3,304 | -27.4% |
| Profit (loss) for the period before taxes | 9903 | €283,407 | €72,353 | -€211,053 | -74.5% |
| Income taxes | 67/77 | €88,973 | €18,212 | -€70,761 | -79.5% |
| Profit (loss) for the period | 9904 | €194,433 | €54,142 | -€140,292 | -72.2% |
| Profit (loss) for the period to be appropriated | 9905 | €194,433 | €54,142 | -€140,292 | -72.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.