VLASKRACHT: what changed
VLASKRACHT
Largest movements
- Financial fixed assets +€351,610
up €351,610 (+52.8%), from €665,337 to €1.0m
- Current investments -€300,000
down €300,000 (-100%), from €300,000 to €0
- Tangible fixed assets +€157,464
up €157,464 (+26.6%), from €591,450 to €748,914
of which Plant, machinery and equipment: +€153,744
- Cash +€41,514
up €41,514 (+60.4%), from €68,750 to €110,264
mainly Current investments (+€300,000) and Contributions, distributions and other (+€255,966)
- Contributions +€297,500
up €297,500 (+25.4%), from €1.2m to €1.5m
- Debts after one year -€55,465
down €55,465 (-13.8%), from €402,135 to €346,670
- Profit (loss) carried forward +€30,534
up €30,534 (+154%), from €19,888 to €50,422
- Gross operating margin +€73,327
up €73,327 (+270%), from €27,186 to €100,513
- Financial income -€27,602
down €27,602 (-46.5%), from €59,317 to €31,715
- Depreciation +€14,648
up €14,648 (+47.7%), from €30,680 to €45,327
- Financial charges +€1,199
up €1,199 (+9.7%), from €12,381 to €13,580
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 | €1,696,616 | €1,968,228 | +€271,612 | +16.0% |
| Fixed assets | 21/28 | €1,264,895 | €1,772,096 | +€507,201 | +40.1% |
| Intangible fixed assets | 21 | €8,109 | €6,235 | -€1,874 | -23.1% |
| Tangible fixed assets | 22/27 | €591,450 | €748,914 | +€157,464 | +26.6% |
| Plant, machinery and equipment | 23 | €591,450 | €745,194 | +€153,744 | +26.0% |
| Furniture and vehicles | 24 | - | €3,720 | +€3,720 | |
| Financial fixed assets | 28 | €665,337 | €1,016,947 | +€351,610 | +52.8% |
| Current assets | 29/58 | €431,720 | €196,132 | -€235,588 | -54.6% |
| Amounts receivable within one year | 40/41 | €62,390 | €80,612 | +€18,222 | +29.2% |
| Trade receivables | 40 | €12,637 | €30,739 | +€18,102 | +143% |
| Other amounts receivable | 41 | €49,753 | €49,873 | +€120 | +0.2% |
| Current investments | 50/53 | €300,000 | €0 | -€300,000 | -100% |
| Cash at bank and in hand | 54/58 | €68,750 | €110,264 | +€41,514 | +60.4% |
| Deferred charges and accrued income | 490/1 | €580 | €5,255 | +€4,676 | +806% |
| Total equity and liabilities | 10/49 | €1,696,616 | €1,968,228 | +€271,612 | +16.0% |
| Equity | 10/15 | €1,189,888 | €1,517,922 | +€328,034 | +27.6% |
| Contributions | 10/11 | €1,170,000 | €1,467,500 | +€297,500 | +25.4% |
| Profit (loss) carried forward | 14 | €19,888 | €50,422 | +€30,534 | +154% |
| Amounts payable | 17/49 | €506,728 | €450,306 | -€56,422 | -11.1% |
| Amounts payable after more than one year | 17 | €402,135 | €346,670 | -€55,465 | -13.8% |
| Financial debts | 170/4 | €402,135 | €346,670 | -€55,465 | -13.8% |
| Amounts payable within one year | 42/48 | €104,593 | €103,636 | -€957 | -0.9% |
| Current portion of amounts payable after more than one year | 42 | €54,124 | €55,465 | +€1,341 | +2.5% |
| Trade debts | 44 | €10,097 | €1,083 | -€9,014 | -89.3% |
| Suppliers | 440/4 | €10,097 | €1,083 | -€9,014 | -89.3% |
| Taxes, remuneration and social security | 45 | €5,272 | €5,554 | +€282 | +5.4% |
| Taxes | 450/3 | €5,272 | €5,554 | +€282 | +5.4% |
| Other amounts payable | 47/48 | €35,100 | €41,534 | +€6,434 | +18.3% |
| Non-recurring operating income | 76A | - | €24,890 | +€24,890 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,680 | €45,327 | +€14,648 | +47.7% |
| Other operating charges | 640/8 | €1,367 | €1,252 | -€115 | -8.4% |
| Gross operating margin | 9900 | €27,186 | €100,513 | +€73,327 | +270% |
| Operating profit (loss) | 9901 | -€4,860 | €53,933 | +€58,794 | |
| Financial income | 75/76B | €59,317 | €31,715 | -€27,602 | -46.5% |
| Recurring financial income | 75 | €59,317 | €31,715 | -€27,602 | -46.5% |
| Financial charges | 65/66B | €12,381 | €13,580 | +€1,199 | +9.7% |
| Recurring financial charges | 65 | €12,381 | €13,580 | +€1,199 | +9.7% |
| Profit (loss) for the period before taxes | 9903 | €42,076 | €72,068 | +€29,992 | +71.3% |
| Profit (loss) for the period | 9904 | €42,076 | €72,068 | +€29,992 | +71.3% |
| Profit (loss) for the period to be appropriated | 9905 | €42,076 | €72,068 | +€29,992 | +71.3% |
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 2 November 2026 via checked.be.