Vlamalin: 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.
What changed
Vlamalin
NACE 35.150, Electricity, gas, steam and air conditioning supply
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.6m
2024 · €137,371+€1.5m
Equity
€2.9m
2024 · €1.5m+€1.4m
Cash
€32,472
2024 · €14,321+€18,151
Balance sheet total
€5.1m
2024 · €5.9m-€782,795
Largest movements
Assets
- Receivables within one year -€790,354
down €790,354 (-81.3%), from €971,894 to €181,540
of which Other amounts receivable: -€800,316
Equity and liabilities
- Other debts -€1.9m
down €1.9m (-83.4%), from €2.3m to €386,080
- Reserves +€1.4m
up €1.4m (+100.4%), from €1.4m to €2.8m
of which Distributable reserves: +€1.4m
- Debts after one year -€206,667
down €206,667 (-11.8%), from €1.8m to €1.5m
Income statement
- Financial income +€1.5m
up €1.5m (+8747.3%), from €17,030 to €1.5m
- Provisions +€135,000
up €135,000, from -€135,000 to €0
- Turnover +€60,863
up €60,863 (+33.2%), from €183,333 to €244,196
- Taxes -€29,448
down €29,448 (-46.1%), from €63,810 to €34,362
of which Taxes: -€29,448
- Financial charges -€9,855
down €9,855 (-17.5%), from €56,262 to €46,407
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.
Result 2024
€137,371
Turnover
+€60,863
Other operating income
+€8,718
Services and other goods
-€5,618
Depreciation
-€564
Provisions
-€135,000
Other operating charges
-€1,280
Financial income
+€1.5m
Financial charges
+€9,855
Taxes
+€29,448
Deferred taxes and other
+€170
Result 2025
€1.6m
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.
From operations
+€424,818
Investment
€0
Financing
-€406,667
Cash 2024
€14,321
From operations (derived)
+€424,818
Net result for the year
+€1.6m
Depreciation
+€10,583
Receivables within one year
+€790,354
Smaller working-capital items
-€3,191
Trade debts
+€10,797
Tax, wage and social debts
-€34,462
Other debts
-€1.9m
Financing
-€406,667
Debts after one year
-€206,667
Contributions, distributions and other
-€200,000
Cash 2025
€32,472
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,874,494 | €5,091,699 | -€782,795 | -13.3% |
| Fixed assets | 21/28 | €4,884,282 | €4,873,700 | -€10,583 | -0.2% |
| Tangible fixed assets | 22/27 | €134,282 | €123,700 | -€10,583 | -7.9% |
| Land and buildings | 22 | €89,974 | €89,974 | = | 0.0% |
| Plant, machinery and equipment | 23 | €44,308 | €33,726 | -€10,583 | -23.9% |
| Financial fixed assets | 28 | €4,750,000 | €4,750,000 | = | 0.0% |
| Affiliated companies | 280/1 | €4,750,000 | €4,750,000 | = | 0.0% |
| Participating interests | 280 | €4,750,000 | €4,750,000 | = | 0.0% |
| Current assets | 29/58 | €990,212 | €217,999 | -€772,213 | -78.0% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €971,894 | €181,540 | -€790,354 | -81.3% |
| Trade receivables | 40 | €29,864 | €39,826 | +€9,963 | +33.4% |
| Other amounts receivable | 41 | €942,030 | €141,714 | -€800,316 | -85.0% |
| Cash at bank and in hand | 54/58 | €14,321 | €32,472 | +€18,151 | +126.7% |
| Deferred charges and accrued income | 490/1 | €3,997 | €3,987 | -€10 | -0.2% |
| Total equity and liabilities | 10/49 | €5,874,494 | €5,091,699 | -€782,795 | -13.3% |
| Equity | 10/15 | €1,520,281 | €2,913,927 | +€1.4m | +91.7% |
| Contributions | 10/11 | €132,300 | €132,300 | = | 0.0% |
| Capital | 10 | €132,300 | €132,300 | = | 0.0% |
| Issued capital | 100 | €132,300 | €132,300 | = | 0.0% |
| Reserves | 13 | €1,387,981 | €2,781,627 | +€1.4m | +100.4% |
| Non-distributable reserves | 130/1 | €13,230 | €13,230 | = | 0.0% |
| Legal reserve | 130 | €13,230 | €13,230 | = | 0.0% |
| Tax-exempt reserves | 132 | €88,060 | €81,983 | -€6,077 | -6.9% |
| Distributable reserves | 133 | €1,286,690 | €2,686,414 | +€1.4m | +108.8% |
| Provisions and deferred taxes | 16 | €9,560 | €7,534 | -€2,026 | -21.2% |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Deferred taxes | 168 | €9,560 | €7,534 | -€2,026 | -21.2% |
| Amounts payable | 17/49 | €4,344,654 | €2,170,238 | -€2.2m | -50.0% |
| Amounts payable after more than one year | 17 | €1,756,667 | €1,550,000 | -€206,667 | -11.8% |
| Financial debts | 170/4 | €1,756,667 | €1,550,000 | -€206,667 | -11.8% |
| Credit institutions | 173 | €1,756,667 | €1,550,000 | -€206,667 | -11.8% |
| Amounts payable within one year | 42/48 | €2,580,429 | €613,855 | -€2.0m | -76.2% |
| Current portion of amounts payable after more than one year | 42 | €206,667 | €206,667 | = | 0.0% |
| Trade debts | 44 | €973 | €11,770 | +€10,797 | +1110.2% |
| Suppliers | 440/4 | €973 | €11,770 | +€10,797 | +1110.2% |
| Taxes, remuneration and social security | 45 | €43,800 | €9,338 | -€34,462 | -78.7% |
| Taxes | 450/3 | €43,800 | €9,338 | -€34,462 | -78.7% |
| Other amounts payable | 47/48 | €2,328,990 | €386,080 | -€1.9m | -83.4% |
| Accrued charges and deferred income | 492/3 | €7,558 | €6,384 | -€1,175 | -15.5% |
| Operating income | 70/76A | €205,253 | €274,834 | +€69,581 | +33.9% |
| Turnover | 70 | €183,333 | €244,196 | +€60,863 | +33.2% |
| Other operating income | 74 | €21,920 | €30,638 | +€8,718 | +39.8% |
| Operating charges | 60/66A | -€33,304 | €109,158 | +€142,462 | |
| Services and other goods | 61 | €80,197 | €85,815 | +€5,618 | +7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,018 | €10,583 | +€564 | +5.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€135,000 | €0 | +€135,000 | |
| Other operating charges | 640/8 | €11,480 | €12,760 | +€1,280 | +11.2% |
| Operating profit (loss) | 9901 | €238,557 | €165,676 | -€72,882 | -30.6% |
| Financial income | 75/76B | €17,030 | €1,506,714 | +€1.5m | +8747.3% |
| Recurring financial income | 75 | €17,030 | €1,506,714 | +€1.5m | +8747.3% |
| Income from financial fixed assets | 750 | - | €1,500,000 | +€1.5m | |
| Income from current assets | 751 | €17,030 | €6,714 | -€10,316 | -60.6% |
| Financial charges | 65/66B | €56,262 | €46,407 | -€9,855 | -17.5% |
| Recurring financial charges | 65 | €56,262 | €46,407 | -€9,855 | -17.5% |
| Debt charges | 650 | €56,110 | €46,232 | -€9,878 | -17.6% |
| Other financial charges | 652/9 | €152 | €175 | +€23 | +14.8% |
| Profit (loss) for the period before taxes | 9903 | €199,325 | €1,625,983 | +€1.4m | +715.7% |
| Transfer from deferred taxes | 780 | €1,856 | €2,026 | +€170 | +9.2% |
| Income taxes | 67/77 | €63,810 | €34,362 | -€29,448 | -46.1% |
| Taxes | 670/3 | €63,810 | €34,362 | -€29,448 | -46.1% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €137,371 | €1,593,647 | +€1.5m | +1060.1% |
| Transfer from tax-exempt reserves | 789 | €5,567 | €6,077 | +€511 | +9.2% |
| Profit (loss) for the period to be appropriated | 9905 | €142,938 | €1,599,724 | +€1.5m | +1019.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.