VLAMYTAL: 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.
VLAMYTAL
Largest movements
- Receivables within one year +€122,308
up €122,308 (+16.2%), from €755,027 to €877,335
of which Trade receivables: +€289,420
- Cash -€30,633
down €30,633 (-26.1%), from €117,345 to €86,712
mainly Investment in fixed assets (net) (-€159,638) and Contributions, distributions and other (-€158,800)
- Tangible fixed assets -€29,638
down €29,638 (-2.5%), from €1.2m to €1.2m
of which Furniture and vehicles: -€24,460
- Reserves +€217,982
up €217,982 (+35.3%), from €617,305 to €835,287
- Trade debts -€82,049
down €82,049 (-26.5%), from €309,856 to €227,807
- Current portion of long-term debt -€55,221
down €55,221 (-25.1%), from €220,224 to €165,003
- Short-term financial debts -€24,946
down €24,946 (-7.7%), from €325,000 to €300,054
- Gross operating margin +€422,156
up €422,156 (+69.3%), from €609,560 to €1.0m
- Taxes +€100,769
up €100,769 (+522%), from €19,314 to €120,083
- Depreciation +€25,051
up €25,051 (+15.3%), from €164,225 to €189,276
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 | €2,300,403 | €2,363,923 | +€63,520 | +2.8% |
| Fixed assets | 21/28 | €1,200,433 | €1,170,796 | -€29,638 | -2.5% |
| Tangible fixed assets | 22/27 | €1,200,433 | €1,170,796 | -€29,638 | -2.5% |
| Land and buildings | 22 | €760,082 | €785,451 | +€25,369 | +3.3% |
| Plant, machinery and equipment | 23 | €188,194 | €171,215 | -€16,978 | -9.0% |
| Furniture and vehicles | 24 | €96,313 | €71,853 | -€24,460 | -25.4% |
| Leasing and similar rights | 25 | €155,845 | €142,276 | -€13,568 | -8.7% |
| Current assets | 29/58 | €1,099,970 | €1,193,127 | +€93,157 | +8.5% |
| Stocks and contracts in progress | 3 | €207,434 | €210,321 | +€2,888 | +1.4% |
| Stocks | 30/36 | €207,434 | €210,321 | +€2,888 | +1.4% |
| Amounts receivable within one year | 40/41 | €755,027 | €877,335 | +€122,308 | +16.2% |
| Trade receivables | 40 | €408,260 | €697,680 | +€289,420 | +70.9% |
| Other amounts receivable | 41 | €346,768 | €179,655 | -€167,113 | -48.2% |
| Cash at bank and in hand | 54/58 | €117,345 | €86,712 | -€30,633 | -26.1% |
| Deferred charges and accrued income | 490/1 | €20,165 | €18,759 | -€1,406 | -7.0% |
| Total equity and liabilities | 10/49 | €2,300,403 | €2,363,923 | +€63,520 | +2.8% |
| Equity | 10/15 | €750,105 | €959,287 | +€209,182 | +27.9% |
| Contributions | 10/11 | €124,000 | €124,000 | = | 0.0% |
| Reserves | 13 | €617,305 | €835,287 | +€217,982 | +35.3% |
| Distributable reserves | 133 | €617,305 | €835,287 | +€217,982 | +35.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Investment grants | 15 | €8,800 | €0 | -€8,800 | -100% |
| Amounts payable | 17/49 | €1,550,298 | €1,404,636 | -€145,663 | -9.4% |
| Amounts payable after more than one year | 17 | €648,804 | €643,142 | -€5,662 | -0.9% |
| Financial debts | 170/4 | €648,804 | €643,142 | -€5,662 | -0.9% |
| Amounts payable within one year | 42/48 | €901,128 | €761,494 | -€139,634 | -15.5% |
| Current portion of amounts payable after more than one year | 42 | €220,224 | €165,003 | -€55,221 | -25.1% |
| Financial debts | 43 | €325,000 | €300,054 | -€24,946 | -7.7% |
| Credit institutions | 430/8 | €325,000 | €300,054 | -€24,946 | -7.7% |
| Trade debts | 44 | €309,856 | €227,807 | -€82,049 | -26.5% |
| Suppliers | 440/4 | €309,856 | €227,807 | -€82,049 | -26.5% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €46,048 | €68,629 | +€22,581 | +49.0% |
| Taxes | 450/3 | €28,855 | €36,375 | +€7,520 | +26.1% |
| Remuneration and social security | 454/9 | €17,192 | €32,254 | +€15,061 | +87.6% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €366 | €0 | -€366 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €279,768 | €282,295 | +€2,527 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €164,225 | €189,276 | +€25,051 | +15.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,680 | €0 | -€1,680 | -100% |
| Other operating charges | 640/8 | €30,825 | €29,451 | -€1,374 | -4.5% |
| Gross operating margin | 9900 | €609,560 | €1,031,716 | +€422,156 | +69.3% |
| Operating profit (loss) | 9901 | €133,062 | €530,694 | +€397,633 | +299% |
| Financial income | 75/76B | €12,337 | €8,815 | -€3,523 | -28.6% |
| Recurring financial income | 75 | €12,337 | €8,815 | -€3,523 | -28.6% |
| Financial charges | 65/66B | €52,100 | €51,444 | -€656 | -1.3% |
| Recurring financial charges | 65 | €52,100 | €51,444 | -€656 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | €93,299 | €488,065 | +€394,766 | +423% |
| Income taxes | 67/77 | €19,314 | €120,083 | +€100,769 | +522% |
| Profit (loss) for the period | 9904 | €73,985 | €367,982 | +€293,997 | +397% |
| Profit (loss) for the period to be appropriated | 9905 | €73,985 | €367,982 | +€293,997 | +397% |
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 28 October 2026 via checked.be.