VLAEMINCK ANDRE: 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 ANDRE
Largest movements
- Tangible fixed assets -€107,230
down €107,230 (-10.8%), from €994,538 to €887,308
of which Leasing and similar rights: -€61,193
- Cash +€57,576
up €57,576 (+24.6%), from €234,510 to €292,086
mainly Net result for the year (+€191,943) and Depreciation (+€110,640)
- Receivables within one year -€45,060
down €45,060 (-17.4%), from €258,825 to €213,765
of which Trade receivables: -€41,060
- Reserves -€214,532
down €214,532 (-31.2%), from €686,844 to €472,312
of which Distributable reserves: -€214,532
- Profit (loss) carried forward +€191,943
up €191,943 (+148%), from €129,770 to €321,713
- Debts after one year -€107,713
down €107,713 (-26.5%), from €406,058 to €298,345
- Trade debts +€23,440
up €23,440 (+92.3%), from €25,391 to €48,831
- Tax, wage and social debts +€20,139
up €20,139 (+27.6%), from €72,846 to €92,984
of which Taxes: +€18,396
- Gross operating margin +€93,964
up €93,964 (+14.7%), from €638,057 to €732,021
- Staff costs +€26,355
up €26,355 (+8.8%), from €298,785 to €325,140
- Taxes +€23,085
up €23,085 (+46.8%), from €49,309 to €72,393
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 | €1,523,298 | €1,434,281 | -€89,017 | -5.8% |
| Fixed assets | 21/28 | €994,934 | €887,703 | -€107,230 | -10.8% |
| Tangible fixed assets | 22/27 | €994,538 | €887,308 | -€107,230 | -10.8% |
| Land and buildings | 22 | €413,278 | €391,285 | -€21,993 | -5.3% |
| Plant, machinery and equipment | 23 | €92,385 | €74,642 | -€17,743 | -19.2% |
| Furniture and vehicles | 24 | €10,738 | €4,437 | -€6,301 | -58.7% |
| Leasing and similar rights | 25 | €478,137 | €416,944 | -€61,193 | -12.8% |
| Financial fixed assets | 28 | €395 | €395 | = | 0.0% |
| Current assets | 29/58 | €528,364 | €546,577 | +€18,213 | +3.4% |
| Stocks and contracts in progress | 3 | €33,460 | €31,385 | -€2,075 | -6.2% |
| Stocks | 30/36 | €33,460 | €31,385 | -€2,075 | -6.2% |
| Amounts receivable within one year | 40/41 | €258,825 | €213,765 | -€45,060 | -17.4% |
| Trade receivables | 40 | €238,019 | €196,959 | -€41,060 | -17.3% |
| Other amounts receivable | 41 | €20,806 | €16,806 | -€4,000 | -19.2% |
| Cash at bank and in hand | 54/58 | €234,510 | €292,086 | +€57,576 | +24.6% |
| Deferred charges and accrued income | 490/1 | €1,569 | €9,341 | +€7,772 | +495% |
| Total equity and liabilities | 10/49 | €1,523,298 | €1,434,281 | -€89,017 | -5.8% |
| Equity | 10/15 | €878,613 | €856,025 | -€22,588 | -2.6% |
| 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 | €686,844 | €472,312 | -€214,532 | -31.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €680,644 | €466,112 | -€214,532 | -31.5% |
| Profit (loss) carried forward | 14 | €129,770 | €321,713 | +€191,943 | +148% |
| Amounts payable | 17/49 | €644,685 | €578,256 | -€66,429 | -10.3% |
| Amounts payable after more than one year | 17 | €406,058 | €298,345 | -€107,713 | -26.5% |
| Financial debts | 170/4 | €406,058 | €298,345 | -€107,713 | -26.5% |
| Amounts payable within one year | 42/48 | €238,627 | €279,911 | +€41,284 | +17.3% |
| Current portion of amounts payable after more than one year | 42 | €106,255 | €107,713 | +€1,458 | +1.4% |
| Financial debts | 43 | €30,168 | €30,383 | +€215 | +0.7% |
| Credit institutions | 430/8 | €30,168 | €30,383 | +€215 | +0.7% |
| Trade debts | 44 | €25,391 | €48,831 | +€23,440 | +92.3% |
| Suppliers | 440/4 | €25,391 | €48,831 | +€23,440 | +92.3% |
| Taxes, remuneration and social security | 45 | €72,846 | €92,984 | +€20,139 | +27.6% |
| Taxes | 450/3 | €51,355 | €69,751 | +€18,396 | +35.8% |
| Remuneration and social security | 454/9 | €21,490 | €23,233 | +€1,743 | +8.1% |
| Other amounts payable | 47/48 | €3,968 | €0 | -€3,968 | -100% |
| Remuneration, social security and pensions | 62 | €298,785 | €325,140 | +€26,355 | +8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €112,153 | €110,640 | -€1,513 | -1.3% |
| Other operating charges | 640/8 | €16,741 | €18,732 | +€1,991 | +11.9% |
| Gross operating margin | 9900 | €638,057 | €732,021 | +€93,964 | +14.7% |
| Operating profit (loss) | 9901 | €210,377 | €277,508 | +€67,131 | +31.9% |
| Financial income | 75/76B | €2,615 | €4,466 | +€1,851 | +70.8% |
| Recurring financial income | 75 | €2,615 | €4,466 | +€1,851 | +70.8% |
| Financial charges | 65/66B | €15,786 | €17,637 | +€1,852 | +11.7% |
| Recurring financial charges | 65 | €15,786 | €17,637 | +€1,852 | +11.7% |
| Profit (loss) for the period before taxes | 9903 | €197,207 | €264,337 | +€67,130 | +34.0% |
| Income taxes | 67/77 | €49,309 | €72,393 | +€23,085 | +46.8% |
| Profit (loss) for the period | 9904 | €147,898 | €191,943 | +€44,046 | +29.8% |
| Profit (loss) for the period to be appropriated | 9905 | €147,898 | €191,943 | +€44,046 | +29.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.