VLAMENCO: 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.
VLAMENCO
Largest movements
- Receivables within one year -€477,134
down €477,134 (-77.9%), from €612,243 to €135,108
of which Trade receivables: -€470,324
- Cash -€63,944
down €63,944 (-78.3%), from €81,651 to €17,707
mainly Accrued charges and deferred income (-€514,012) and Net result for the year (-€30,694)
- Tangible fixed assets -€42,105
down €42,105 (-9.3%), from €451,608 to €409,503
of which Land and buildings: -€34,591
- Accrued charges and deferred income -€514,012
down €514,012 (-98.0%), from €524,601 to €10,589
- Profit (loss) carried forward -€30,694
new in 2025: -€30,694
- Tax, wage and social debts -€19,089
down €19,089 (-61.6%), from €30,972 to €11,883
- Debts after one year -€13,747
down €13,747 (-3.6%), from €379,419 to €365,672
- Staff costs +€33,606
new in 2025: €33,606
- Gross operating margin -€31,342
down €31,342 (-26.2%), from €119,820 to €88,478
- Other operating charges +€20,123
up €20,123 (+725%), from €2,774 to €22,897
- Taxes -€17,007
no longer reported in 2025 (was €17,007)
- Financial charges +€5,006
up €5,006 (+45.8%), from €10,930 to €15,936
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 | €1,150,419 | €565,318 | -€585,101 | -50.9% |
| Fixed assets | 21/28 | €452,608 | €410,503 | -€42,105 | -9.3% |
| Tangible fixed assets | 22/27 | €451,608 | €409,503 | -€42,105 | -9.3% |
| Land and buildings | 22 | €417,268 | €382,677 | -€34,591 | -8.3% |
| Plant, machinery and equipment | 23 | €19,212 | €14,768 | -€4,444 | -23.1% |
| Furniture and vehicles | 24 | €15,128 | €12,058 | -€3,071 | -20.3% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €697,811 | €154,816 | -€542,995 | -77.8% |
| Amounts receivable within one year | 40/41 | €612,243 | €135,108 | -€477,134 | -77.9% |
| Trade receivables | 40 | €601,150 | €130,826 | -€470,324 | -78.2% |
| Other amounts receivable | 41 | €11,093 | €4,283 | -€6,810 | -61.4% |
| Cash at bank and in hand | 54/58 | €81,651 | €17,707 | -€63,944 | -78.3% |
| Deferred charges and accrued income | 490/1 | €3,917 | €2,000 | -€1,917 | -48.9% |
| Total equity and liabilities | 10/49 | €1,150,419 | €565,318 | -€585,101 | -50.9% |
| Equity | 10/15 | €185,790 | €155,097 | -€30,694 | -16.5% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €179,790 | €179,790 | = | 0.0% |
| Distributable reserves | 133 | €179,790 | €179,790 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€30,694 | -€30,694 | |
| Amounts payable | 17/49 | €964,628 | €410,221 | -€554,407 | -57.5% |
| Amounts payable after more than one year | 17 | €379,419 | €365,672 | -€13,747 | -3.6% |
| Financial debts | 170/4 | €379,419 | €365,672 | -€13,747 | -3.6% |
| Amounts payable within one year | 42/48 | €60,608 | €33,961 | -€26,648 | -44.0% |
| Current portion of amounts payable after more than one year | 42 | €13,163 | €14,866 | +€1,703 | +12.9% |
| Trade debts | 44 | €16,382 | €7,125 | -€9,258 | -56.5% |
| Suppliers | 440/4 | €16,382 | €7,125 | -€9,258 | -56.5% |
| Taxes, remuneration and social security | 45 | €30,972 | €11,883 | -€19,089 | -61.6% |
| Taxes | 450/3 | €30,972 | €11,883 | -€19,089 | -61.6% |
| Other amounts payable | 47/48 | €91 | €88 | -€4 | -4.2% |
| Accrued charges and deferred income | 492/3 | €524,601 | €10,589 | -€514,012 | -98.0% |
| Remuneration, social security and pensions | 62 | - | €33,606 | +€33,606 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,557 | €46,795 | -€1,762 | -3.6% |
| Other operating charges | 640/8 | €2,774 | €22,897 | +€20,123 | +725% |
| Gross operating margin | 9900 | €119,820 | €88,478 | -€31,342 | -26.2% |
| Operating profit (loss) | 9901 | €68,488 | -€14,820 | -€83,308 | |
| Financial income | 75/76B | €264 | €62 | -€202 | -76.5% |
| Recurring financial income | 75 | €264 | €62 | -€202 | -76.5% |
| Financial charges | 65/66B | €10,930 | €15,936 | +€5,006 | +45.8% |
| Recurring financial charges | 65 | €10,930 | €15,936 | +€5,006 | +45.8% |
| Profit (loss) for the period before taxes | 9903 | €57,822 | -€30,694 | -€88,516 | |
| Income taxes | 67/77 | €17,007 | - | -€17,007 | |
| Profit (loss) for the period | 9904 | €40,816 | -€30,694 | -€71,509 | |
| Profit (loss) for the period to be appropriated | 9905 | €40,816 | -€30,694 | -€71,509 |
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 17 October 2026 via checked.be.