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
- Cash -€116,060
down €116,060 (-53.9%), from €215,262 to €99,202
mainly Investment in fixed assets (net) (-€102,104) and Trade debts (-€52,463)
- Tangible fixed assets +€48,111
up €48,111 (+24.7%), from €194,694 to €242,804
of which Plant, machinery and equipment: +€58,736
- Receivables within one year +€9,739
up €9,739 (+5.7%), from €170,696 to €180,435
of which Trade receivables: +€9,739
- Trade debts -€52,463
down €52,463 (-37.1%), from €141,395 to €88,932
- Accrued charges and deferred income +€47,400
up €47,400 (+981%), from €4,834 to €52,234
- Other debts -€45,470
down €45,470 (-58.3%), from €77,961 to €32,492
- Current portion of long-term debt -€38,341
down €38,341 (-79.3%), from €48,323 to €9,981
- Debts after one year +€31,878
new in 2025: €31,878
- Gross operating margin -€10,693
down €10,693 (-14.6%), from €73,379 to €62,687
- Depreciation +€9,464
up €9,464 (+20.4%), from €46,472 to €55,936
- Taxes -€8,456
down €8,456 (-94.7%), from €8,934 to €478
- Financial income +€8,192
up €8,192 (+2,932%), from €279 to €8,472
- Financial charges +€4,898
up €4,898 (+141%), from €3,479 to €8,377
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 | €773,711 | €716,343 | -€57,367 | -7.4% |
| Fixed assets | 21/28 | €199,913 | €246,081 | +€46,168 | +23.1% |
| Intangible fixed assets | 21 | €5,219 | €3,276 | -€1,943 | -37.2% |
| Tangible fixed assets | 22/27 | €194,694 | €242,804 | +€48,111 | +24.7% |
| Land and buildings | 22 | €13,463 | €10,749 | -€2,714 | -20.2% |
| Plant, machinery and equipment | 23 | €144,104 | €202,840 | +€58,736 | +40.8% |
| Furniture and vehicles | 24 | €37,127 | €29,215 | -€7,912 | -21.3% |
| Current assets | 29/58 | €573,797 | €470,263 | -€103,535 | -18.0% |
| Amounts receivable after more than one year | 29 | €56,000 | €56,000 | = | 0.0% |
| Other amounts receivable | 291 | €56,000 | €56,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €13,585 | €16,371 | +€2,786 | +20.5% |
| Stocks | 30/36 | €13,585 | €16,371 | +€2,786 | +20.5% |
| Amounts receivable within one year | 40/41 | €170,696 | €180,435 | +€9,739 | +5.7% |
| Trade receivables | 40 | €166,806 | €176,545 | +€9,739 | +5.8% |
| Other amounts receivable | 41 | €3,890 | €3,890 | = | 0.0% |
| Current investments | 50/53 | €118,254 | €118,254 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €215,262 | €99,202 | -€116,060 | -53.9% |
| Total equity and liabilities | 10/49 | €773,711 | €716,343 | -€57,367 | -7.4% |
| Equity | 10/15 | €471,630 | €476,408 | +€4,778 | +1.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | - | -€12,400 | |
| Other | 1109/19 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €458,157 | €462,936 | +€4,778 | +1.0% |
| Non-distributable reserves | 130/1 | €1,240 | €1,240 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,240 | €1,240 | = | 0.0% |
| Distributable reserves | 133 | €456,917 | €461,696 | +€4,778 | +1.0% |
| Profit (loss) carried forward | 14 | €1,072 | €1,072 | = | 0.0% |
| Amounts payable | 17/49 | €302,081 | €239,935 | -€62,146 | -20.6% |
| Amounts payable after more than one year | 17 | - | €31,878 | +€31,878 | |
| Financial debts | 170/4 | - | €31,878 | +€31,878 | |
| Amounts payable within one year | 42/48 | €297,247 | €155,823 | -€141,424 | -47.6% |
| Current portion of amounts payable after more than one year | 42 | €48,323 | €9,981 | -€38,341 | -79.3% |
| Trade debts | 44 | €141,395 | €88,932 | -€52,463 | -37.1% |
| Suppliers | 440/4 | €141,395 | €88,932 | -€52,463 | -37.1% |
| Taxes, remuneration and social security | 45 | €29,568 | €24,418 | -€5,150 | -17.4% |
| Taxes | 450/3 | €29,568 | €24,418 | -€5,150 | -17.4% |
| Other amounts payable | 47/48 | €77,961 | €32,492 | -€45,470 | -58.3% |
| Accrued charges and deferred income | 492/3 | €4,834 | €52,234 | +€47,400 | +981% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,472 | €55,936 | +€9,464 | +20.4% |
| Other operating charges | 640/8 | €1,584 | €1,589 | +€5 | +0.3% |
| Gross operating margin | 9900 | €73,379 | €62,687 | -€10,693 | -14.6% |
| Operating profit (loss) | 9901 | €25,323 | €5,162 | -€20,161 | -79.6% |
| Financial income | 75/76B | €279 | €8,472 | +€8,192 | +2,932% |
| Recurring financial income | 75 | €279 | €8,472 | +€8,192 | +2,932% |
| Financial charges | 65/66B | €3,479 | €8,377 | +€4,898 | +141% |
| Recurring financial charges | 65 | €3,479 | €8,377 | +€4,898 | +141% |
| Profit (loss) for the period before taxes | 9903 | €22,123 | €5,256 | -€16,867 | -76.2% |
| Income taxes | 67/77 | €8,934 | €478 | -€8,456 | -94.7% |
| Profit (loss) for the period | 9904 | €13,190 | €4,778 | -€8,411 | -63.8% |
| Profit (loss) for the period to be appropriated | 9905 | €13,190 | €4,778 | -€8,411 | -63.8% |
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 27 October 2026 via checked.be.