VLAMINCK: 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.
VLAMINCK
Largest movements
- Tangible fixed assets -€25,132
down €25,132 (-20.2%), from €124,495 to €99,363
of which Furniture and vehicles: -€19,462
- Cash -€24,022
down €24,022 (-99.1%), from €24,236 to €213
mainly Debts after one year (-€31,478) and Net result for the year (-€25,087)
- Stocks and contracts +€5,000
new in 2024: €5,000
- Receivables within one year -€4,779
down €4,779 (-21.3%), from €22,400 to €17,621
of which Trade receivables: -€4,048
- Debts after one year -€31,478
down €31,478 (-35.7%), from €88,295 to €56,817
- Profit (loss) carried forward -€25,087
down €25,087 (-91.8%), from €27,320 to €2,233
- Trade debts +€7,986
up €7,986 (+66.5%), from €12,011 to €19,997
- Current portion of long-term debt -€5,495
down €5,495 (-14.9%), from €36,973 to €31,478
- Tax, wage and social debts +€4,818
up €4,818 (+71.1%), from €6,775 to €11,593
- Gross operating margin -€21,169
down €21,169 (-69.2%), from €30,574 to €9,405
- Depreciation +€11,583
up €11,583 (+67.4%), from €17,179 to €28,762
- Taxes -€2,477
down €2,477 (-86.1%), from €2,877 to €400
- Financial charges +€2,343
up €2,343 (+96.2%), from €2,435 to €4,778
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €174,374 | €125,118 | -€49,256 | -28.2% |
| Fixed assets | 21/28 | €124,495 | €99,363 | -€25,132 | -20.2% |
| Tangible fixed assets | 22/27 | €124,495 | €99,363 | -€25,132 | -20.2% |
| Plant, machinery and equipment | 23 | €23,474 | €17,803 | -€5,670 | -24.2% |
| Furniture and vehicles | 24 | €101,022 | €81,560 | -€19,462 | -19.3% |
| Current assets | 29/58 | €49,879 | €25,755 | -€24,124 | -48.4% |
| Stocks and contracts in progress | 3 | - | €5,000 | +€5,000 | |
| Contracts in progress | 37 | - | €5,000 | +€5,000 | |
| Amounts receivable within one year | 40/41 | €22,400 | €17,621 | -€4,779 | -21.3% |
| Trade receivables | 40 | €12,630 | €8,582 | -€4,048 | -32.0% |
| Other amounts receivable | 41 | €9,770 | €9,039 | -€732 | -7.5% |
| Cash at bank and in hand | 54/58 | €24,236 | €213 | -€24,022 | -99.1% |
| Deferred charges and accrued income | 490/1 | €3,243 | €2,921 | -€322 | -9.9% |
| Total equity and liabilities | 10/49 | €174,374 | €125,118 | -€49,256 | -28.2% |
| Equity | 10/15 | €30,320 | €5,233 | -€25,087 | -82.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,320 | €2,233 | -€25,087 | -91.8% |
| Amounts payable | 17/49 | €144,054 | €119,885 | -€24,169 | -16.8% |
| Amounts payable after more than one year | 17 | €88,295 | €56,817 | -€31,478 | -35.7% |
| Financial debts | 170/4 | €88,295 | €56,817 | -€31,478 | -35.7% |
| Amounts payable within one year | 42/48 | €55,759 | €63,068 | +€7,309 | +13.1% |
| Current portion of amounts payable after more than one year | 42 | €36,973 | €31,478 | -€5,495 | -14.9% |
| Trade debts | 44 | €12,011 | €19,997 | +€7,986 | +66.5% |
| Suppliers | 440/4 | €12,011 | €19,997 | +€7,986 | +66.5% |
| Taxes, remuneration and social security | 45 | €6,775 | €11,593 | +€4,818 | +71.1% |
| Taxes | 450/3 | €6,775 | €11,593 | +€4,818 | +71.1% |
| Non-recurring operating income | 76A | €11,551 | €3,500 | -€8,051 | -69.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,179 | €28,762 | +€11,583 | +67.4% |
| Other operating charges | 640/8 | €1,207 | €912 | -€295 | -24.5% |
| Gross operating margin | 9900 | €30,574 | €9,405 | -€21,169 | -69.2% |
| Operating profit (loss) | 9901 | €12,188 | -€20,269 | -€32,457 | |
| Financial income | 75/76B | €412 | €360 | -€52 | -12.6% |
| Recurring financial income | 75 | €412 | €360 | -€52 | -12.6% |
| Financial charges | 65/66B | €2,435 | €4,778 | +€2,343 | +96.2% |
| Recurring financial charges | 65 | €2,435 | €4,778 | +€2,343 | +96.2% |
| Profit (loss) for the period before taxes | 9903 | €10,165 | -€24,687 | -€34,852 | |
| Income taxes | 67/77 | €2,877 | €400 | -€2,477 | -86.1% |
| Profit (loss) for the period | 9904 | €7,288 | -€25,087 | -€32,375 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,288 | -€25,087 | -€32,375 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.