Vlaned: what changed
Vlaned
Largest movements
- Cash -€1,602
down €1,602 (-17.0%), from €9,451 to €7,849
mainly Net result for the year (-€28,068) and Current portion of long-term debt (-€9,296)
- Receivables within one year +€1,101
up €1,101, from €0 to €1,101
- Tangible fixed assets -€983
down €983 (-12.3%), from €8,028 to €7,044
of which Furniture and vehicles: -€8,028
- Deferred charges and accrued income +€958
new in 2025: €958
- Financial fixed assets +€482
up €482 (+40.2%), from €1,198 to €1,680
- Other debts +€38,040
up €38,040 (+19.1%), from €199,527 to €237,567
- Profit (loss) carried forward -€28,068
down €28,068 (-14.6%), from -€192,520 to -€220,587
- Current portion of long-term debt -€9,296
down €9,296 (-100%), from €9,296 to €0
- Trade debts -€665
down €665 (-22.6%), from €2,943 to €2,277
- Gross operating margin -€18,416
down €18,416 (-376%), from -€4,904 to -€23,319
- Depreciation -€10,472
down €10,472 (-87.0%), from €12,042 to €1,570
- Financial charges +€1,308
up €1,308 (+113%), from €1,155 to €2,463
- Other operating charges +€339
up €339 (+139%), from €244 to €583
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €30,177 | €30,132 | -€45 | -0.1% |
| Fixed assets | 21/28 | €9,226 | €8,724 | -€501 | -5.4% |
| Tangible fixed assets | 22/27 | €8,028 | €7,044 | -€983 | -12.3% |
| Plant, machinery and equipment | 23 | - | €7,044 | +€7,044 | |
| Furniture and vehicles | 24 | €8,028 | €0 | -€8,028 | -100% |
| Financial fixed assets | 28 | €1,198 | €1,680 | +€482 | +40.2% |
| Current assets | 29/58 | €20,951 | €21,408 | +€457 | +2.2% |
| Stocks and contracts in progress | 3 | €11,500 | €11,500 | = | 0.0% |
| Stocks | 30/36 | €11,500 | €11,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €0 | €1,101 | +€1,101 | |
| Trade receivables | 40 | €0 | €1,101 | +€1,101 | |
| Cash at bank and in hand | 54/58 | €9,451 | €7,849 | -€1,602 | -17.0% |
| Deferred charges and accrued income | 490/1 | - | €958 | +€958 | |
| Total equity and liabilities | 10/49 | €30,177 | €30,132 | -€45 | -0.1% |
| Equity | 10/15 | -€184,460 | -€212,527 | -€28,068 | -15.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€192,520 | -€220,587 | -€28,068 | -14.6% |
| Amounts payable | 17/49 | €214,637 | €242,660 | +€28,023 | +13.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €214,637 | €242,660 | +€28,023 | +13.1% |
| Current portion of amounts payable after more than one year | 42 | €9,296 | €0 | -€9,296 | -100% |
| Trade debts | 44 | €2,943 | €2,277 | -€665 | -22.6% |
| Suppliers | 440/4 | €2,943 | €2,277 | -€665 | -22.6% |
| Advances received on contracts in progress | 46 | €2,298 | €2,298 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €573 | €517 | -€56 | -9.7% |
| Taxes | 450/3 | €573 | €517 | -€56 | -9.7% |
| Other amounts payable | 47/48 | €199,527 | €237,567 | +€38,040 | +19.1% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,042 | €1,570 | -€10,472 | -87.0% |
| Other operating charges | 640/8 | €244 | €583 | +€339 | +139% |
| Gross operating margin | 9900 | -€4,904 | -€23,319 | -€18,416 | -376% |
| Operating profit (loss) | 9901 | -€17,190 | -€25,472 | -€8,282 | -48.2% |
| Financial income | 75/76B | €0 | €19 | +€19 | |
| Recurring financial income | 75 | €0 | €19 | +€19 | |
| Financial charges | 65/66B | €1,155 | €2,463 | +€1,308 | +113% |
| Recurring financial charges | 65 | €1,155 | €2,463 | +€1,308 | +113% |
| Profit (loss) for the period before taxes | 9903 | -€18,344 | -€27,916 | -€9,572 | -52.2% |
| Income taxes | 67/77 | €176 | €152 | -€24 | -13.8% |
| Profit (loss) for the period | 9904 | -€18,521 | -€28,068 | -€9,547 | -51.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,521 | -€28,068 | -€9,547 | -51.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.