VLASMARKT: 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.
VLASMARKT
Largest movements
- Stocks and contracts -€437,143
down €437,143 (-10.4%), from €4.2m to €3.8m
- Deferred charges and accrued income -€196,245
down €196,245 (-98.5%), from €199,247 to €3,002
- Debts after one year +€4.1m
new in 2025: €4.1m
- Other debts -€3.9m
down €3.9m (-79.5%), from €4.9m to €1.0m
- Profit (loss) carried forward -€911,410
down €911,410 (-22.7%), from -€4.0m to -€4.9m
- Short-term financial debts +€49,255
up €49,255 (+1.6%), from €3.2m to €3.2m
- Write-downs -€550,000
down €550,000 (-55.0%), from €1.0m to €450,000
- Gross operating margin -€201,973
down €201,973, from €111,517 to -€90,457
- Other operating charges -€77,235
down €77,235 (-60.6%), from €127,463 to €50,228
- Financial charges -€46,642
down €46,642 (-12.2%), from €381,193 to €334,551
- Financial income +€13,826
new in 2025: €13,826
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 | €4,416,079 | €3,803,429 | -€612,650 | -13.9% |
| Fixed assets | 21/28 | €6,534 | €6,534 | = | 0.0% |
| Financial fixed assets | 28 | €6,534 | €6,534 | = | 0.0% |
| Current assets | 29/58 | €4,409,545 | €3,796,895 | -€612,650 | -13.9% |
| Stocks and contracts in progress | 3 | €4,210,298 | €3,773,155 | -€437,143 | -10.4% |
| Stocks | 30/36 | €4,210,298 | €3,773,155 | -€437,143 | -10.4% |
| Amounts receivable within one year | 40/41 | - | €894 | +€894 | |
| Trade receivables | 40 | - | €844 | +€844 | |
| Other amounts receivable | 41 | - | €51 | +€51 | |
| Cash at bank and in hand | 54/58 | - | €19,844 | +€19,844 | |
| Deferred charges and accrued income | 490/1 | €199,247 | €3,002 | -€196,245 | -98.5% |
| Total equity and liabilities | 10/49 | €4,416,079 | €3,803,429 | -€612,650 | -13.9% |
| Equity | 10/15 | -€3,949,463 | -€4,860,872 | -€911,410 | -23.1% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €1,500 | €1,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,500 | €1,500 | = | 0.0% |
| Legal reserve | 130 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,012,463 | -€4,923,872 | -€911,410 | -22.7% |
| Provisions and deferred taxes | 16 | €153,652 | €153,652 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €153,652 | €153,652 | = | 0.0% |
| Other liabilities and charges | 164/5 | €153,652 | €153,652 | = | 0.0% |
| Amounts payable | 17/49 | €8,211,890 | €8,510,650 | +€298,760 | +3.6% |
| Amounts payable after more than one year | 17 | - | €4,123,410 | +€4.1m | |
| Financial debts | 170/4 | - | €4,123,410 | +€4.1m | |
| Amounts payable within one year | 42/48 | €8,078,959 | €4,211,288 | -€3.9m | -47.9% |
| Financial debts | 43 | €3,150,896 | €3,200,151 | +€49,255 | +1.6% |
| Credit institutions | 430/8 | €3,150,896 | €3,200,151 | +€49,255 | +1.6% |
| Trade debts | 44 | €1,150 | €1,403 | +€253 | +22.0% |
| Suppliers | 440/4 | €1,150 | €1,403 | +€253 | +22.0% |
| Taxes, remuneration and social security | 45 | €11 | €11 | = | 0.0% |
| Taxes | 450/3 | €11 | €11 | = | 0.0% |
| Other amounts payable | 47/48 | €4,926,901 | €1,009,722 | -€3.9m | -79.5% |
| Accrued charges and deferred income | 492/3 | €132,931 | €175,952 | +€43,021 | +32.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,000,000 | €450,000 | -€550,000 | -55.0% |
| Other operating charges | 640/8 | €127,463 | €50,228 | -€77,235 | -60.6% |
| Gross operating margin | 9900 | €111,517 | -€90,457 | -€201,973 | |
| Operating profit (loss) | 9901 | -€1,015,947 | -€590,685 | +€425,262 | +41.9% |
| Financial income | 75/76B | - | €13,826 | +€13,826 | |
| Recurring financial income | 75 | - | €13,826 | +€13,826 | |
| Financial charges | 65/66B | €381,193 | €334,551 | -€46,642 | -12.2% |
| Recurring financial charges | 65 | €381,193 | €334,551 | -€46,642 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,397,140 | -€911,410 | +€485,730 | +34.8% |
| Profit (loss) for the period | 9904 | -€1,397,140 | -€911,410 | +€485,730 | +34.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,397,140 | -€911,410 | +€485,730 | +34.8% |
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 9 October 2026 via checked.be.