VLAMENCO: 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.
VLAMENCO
Largest movements
- Current investments -€200,000
down €200,000 (-100.0%), from €200,000 to €0
- Cash +€134,572
up €134,572 (+156.5%), from €85,982 to €220,554
mainly Current investments (+€200,000) and Depreciation (+€40,282)
- Tangible fixed assets -€40,282
down €40,282 (-3.2%), from €1.3m to €1.2m
of which Land and buildings: -€40,178
- Other debts -€125,493
down €125,493 (-24.5%), from €512,373 to €386,881
- Reserves +€17,105
up €17,105 (+4.9%), from €345,887 to €362,992
of which Distributable reserves: +€28,021
- Gross operating margin +€10,472
up €10,472 (+11.9%), from €87,957 to €98,430
- Taxes +€3,163
up €3,163 (+31.9%), from €9,913 to €13,076
- Financial income -€3,006
down €3,006 (-40.3%), from €7,464 to €4,458
- Financial charges -€1,965
down €1,965 (-5.3%), from €36,878 to €34,913
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,550,151 | €1,439,692 | -€110,459 | -7.1% |
| Fixed assets | 21/28 | €1,259,272 | €1,218,991 | -€40,282 | -3.2% |
| Tangible fixed assets | 22/27 | €1,259,272 | €1,218,991 | -€40,282 | -3.2% |
| Land and buildings | 22 | €1,259,169 | €1,218,991 | -€40,178 | -3.2% |
| Plant, machinery and equipment | 23 | €25 | €0 | -€25 | -100.0% |
| Furniture and vehicles | 24 | €79 | €0 | -€79 | -100.0% |
| Current assets | 29/58 | €290,879 | €220,701 | -€70,177 | -24.1% |
| Amounts receivable within one year | 40/41 | €3,001 | €0 | -€3,001 | -100.0% |
| Other amounts receivable | 41 | €3,001 | €0 | -€3,001 | -100.0% |
| Current investments | 50/53 | €200,000 | €0 | -€200,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €85,982 | €220,554 | +€134,572 | +156.5% |
| Deferred charges and accrued income | 490/1 | €1,895 | €147 | -€1,748 | -92.2% |
| Total equity and liabilities | 10/49 | €1,550,151 | €1,439,692 | -€110,459 | -7.1% |
| Equity | 10/15 | €925,017 | €942,122 | +€17,105 | +1.8% |
| Contributions | 10/11 | €454,160 | €454,160 | = | 0.0% |
| Reserves | 13 | €345,887 | €362,992 | +€17,105 | +4.9% |
| Tax-exempt reserves | 132 | €223,765 | €212,850 | -€10,916 | -4.9% |
| Distributable reserves | 133 | €122,121 | €150,142 | +€28,021 | +22.9% |
| Profit (loss) carried forward | 14 | €124,971 | €124,971 | = | 0.0% |
| Provisions and deferred taxes | 16 | €74,588 | €70,950 | -€3,639 | -4.9% |
| Deferred taxes | 168 | €74,588 | €70,950 | -€3,639 | -4.9% |
| Amounts payable | 17/49 | €550,545 | €426,620 | -€123,926 | -22.5% |
| Amounts payable after more than one year | 17 | €50 | €50 | = | 0.0% |
| Other amounts payable | 178/9 | €50 | €50 | = | 0.0% |
| Amounts payable within one year | 42/48 | €513,567 | €391,730 | -€121,836 | -23.7% |
| Trade debts | 44 | €1,193 | €1,900 | +€707 | +59.2% |
| Suppliers | 440/4 | €1,193 | €1,900 | +€707 | +59.2% |
| Taxes, remuneration and social security | 45 | €0 | €2,950 | +€2,950 | |
| Taxes | 450/3 | €0 | €2,950 | +€2,950 | |
| Other amounts payable | 47/48 | €512,373 | €386,881 | -€125,493 | -24.5% |
| Accrued charges and deferred income | 492/3 | €36,929 | €34,840 | -€2,089 | -5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,815 | €40,282 | -€534 | -1.3% |
| Other operating charges | 640/8 | €1,193 | €1,150 | -€43 | -3.6% |
| Gross operating margin | 9900 | €87,957 | €98,430 | +€10,472 | +11.9% |
| Operating profit (loss) | 9901 | €45,949 | €56,998 | +€11,049 | +24.0% |
| Financial income | 75/76B | €7,464 | €4,458 | -€3,006 | -40.3% |
| Recurring financial income | 75 | €7,464 | €4,458 | -€3,006 | -40.3% |
| Financial charges | 65/66B | €36,878 | €34,913 | -€1,965 | -5.3% |
| Recurring financial charges | 65 | €36,878 | €34,913 | -€1,965 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €16,535 | €26,543 | +€10,008 | +60.5% |
| Transfer from deferred taxes | 780 | €3,655 | €3,639 | -€16 | -0.4% |
| Income taxes | 67/77 | €9,913 | €13,076 | +€3,163 | +31.9% |
| Profit (loss) for the period | 9904 | €10,277 | €17,105 | +€6,828 | +66.4% |
| Transfer from tax-exempt reserves | 789 | €10,965 | €10,916 | -€49 | -0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €21,242 | €28,021 | +€6,779 | +31.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.