VLASKAAI: 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.
VLASKAAI
Largest movements
- Receivables after one year +€1.9m
up €1.9m (+85.9%), from €2.2m to €4.1m
- Cash -€1.1m
down €1.1m (-99.9%), from €1.1m to €1,361
mainly Receivables after one year (-€1.9m) and Other debts (-€13,442)
- Receivables within one year -€561,741
down €561,741 (-48.7%), from €1.2m to €590,857
of which Other amounts receivable: -€584,673
- Accrued charges and deferred income +€93,391
up €93,391 (+1.7%), from €5.5m to €5.6m
- Profit (loss) carried forward +€72,766
up €72,766 (+11.3%), from -€643,639 to -€570,873
- Gross operating margin +€93,488
up €93,488, from -€35,640 to €57,848
- Financial income +€24,915
up €24,915 (+288.9%), from €8,625 to €33,540
- Other operating charges +€4,048
up €4,048 (+354.2%), from €1,143 to €5,190
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 | €5,789,075 | €5,939,650 | +€150,576 | +2.6% |
| Fixed assets | 21/28 | €1,198,769 | €1,185,636 | -€13,134 | -1.1% |
| Tangible fixed assets | 22/27 | €1,198,769 | €1,185,636 | -€13,134 | -1.1% |
| Leasing and similar rights | 25 | €1,198,769 | €1,185,636 | -€13,134 | -1.1% |
| Current assets | 29/58 | €4,590,305 | €4,754,015 | +€163,709 | +3.6% |
| Amounts receivable after more than one year | 29 | €2,231,724 | €4,149,091 | +€1.9m | +85.9% |
| Other amounts receivable | 291 | €2,231,724 | €4,149,091 | +€1.9m | +85.9% |
| Amounts receivable within one year | 40/41 | €1,152,598 | €590,857 | -€561,741 | -48.7% |
| Trade receivables | 40 | €457 | €23,389 | +€22,932 | +5013.0% |
| Other amounts receivable | 41 | €1,152,141 | €567,468 | -€584,673 | -50.7% |
| Cash at bank and in hand | 54/58 | €1,149,292 | €1,361 | -€1.1m | -99.9% |
| Deferred charges and accrued income | 490/1 | €56,690 | €12,706 | -€43,985 | -77.6% |
| Total equity and liabilities | 10/49 | €5,789,075 | €5,939,650 | +€150,576 | +2.6% |
| Equity | 10/15 | -€635,579 | -€562,813 | +€72,766 | +11.4% |
| 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% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€643,639 | -€570,873 | +€72,766 | +11.3% |
| Amounts payable | 17/49 | €6,424,654 | €6,502,463 | +€77,809 | +1.2% |
| Amounts payable after more than one year | 17 | €890,512 | €880,670 | -€9,842 | -1.1% |
| Financial debts | 170/4 | €890,512 | €880,670 | -€9,842 | -1.1% |
| Amounts payable within one year | 42/48 | €25,708 | €19,968 | -€5,740 | -22.3% |
| Current portion of amounts payable after more than one year | 42 | €9,842 | €9,842 | = | 0.0% |
| Trade debts | 44 | €2,424 | €10,126 | +€7,702 | +317.8% |
| Suppliers | 440/4 | €2,424 | €10,126 | +€7,702 | +317.8% |
| Other amounts payable | 47/48 | €13,442 | €0 | -€13,442 | -100.0% |
| Accrued charges and deferred income | 492/3 | €5,508,434 | €5,601,825 | +€93,391 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,134 | €13,134 | = | 0.0% |
| Other operating charges | 640/8 | €1,143 | €5,190 | +€4,048 | +354.2% |
| Gross operating margin | 9900 | -€35,640 | €57,848 | +€93,488 | |
| Operating profit (loss) | 9901 | -€49,917 | €39,524 | +€89,441 | |
| Financial income | 75/76B | €8,625 | €33,540 | +€24,915 | +288.9% |
| Recurring financial income | 75 | €8,625 | €33,540 | +€24,915 | +288.9% |
| Financial charges | 65/66B | €39 | €298 | +€259 | +664.6% |
| Recurring financial charges | 65 | €39 | €298 | +€259 | +664.6% |
| Profit (loss) for the period before taxes | 9903 | -€41,331 | €72,766 | +€114,097 | |
| Profit (loss) for the period | 9904 | -€41,331 | €72,766 | +€114,097 | |
| Profit (loss) for the period to be appropriated | 9905 | -€41,331 | €72,766 | +€114,097 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.