VLASMEER: 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.
VLASMEER
Largest movements
- Stocks and contracts -€592,474
down €592,474 (-8.8%), from €6.7m to €6.1m
- Receivables within one year +€580,673
up €580,673 (+138%), from €421,892 to €1.0m
of which Other amounts receivable: +€584,135
- Debts after one year -€2.3m
down €2.3m (-70.0%), from €3.3m to €974,500
- Current portion of long-term debt +€1.8m
up €1.8m (+114%), from €1.6m to €3.4m
- Reserves +€250,589
up €250,589 (+20.0%), from €1.3m to €1.5m
of which Distributable reserves: +€128,499
- Other debts +€219,264
up €219,264 (+22.6%), from €969,109 to €1.2m
- Gross operating margin +€391,756
up €391,756 (+184%), from €212,386 to €604,142
- Taxes +€62,677
up €62,677, from €0 to €62,677
- Other operating charges +€12,900
up €12,900 (+108%), from €11,994 to €24,894
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 | €7,291,837 | €7,272,318 | -€19,519 | -0.3% |
| Fixed assets | 21/28 | €250 | €250 | = | 0.0% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €7,291,587 | €7,272,068 | -€19,519 | -0.3% |
| Stocks and contracts in progress | 3 | €6,723,594 | €6,131,120 | -€592,474 | -8.8% |
| Stocks | 30/36 | €6,723,594 | €6,131,120 | -€592,474 | -8.8% |
| Amounts receivable within one year | 40/41 | €421,892 | €1,002,565 | +€580,673 | +138% |
| Trade receivables | 40 | €17,300 | €13,837 | -€3,463 | -20.0% |
| Other amounts receivable | 41 | €404,593 | €988,728 | +€584,135 | +144% |
| Cash at bank and in hand | 54/58 | €137,020 | €112,270 | -€24,750 | -18.1% |
| Deferred charges and accrued income | 490/1 | €9,081 | €26,113 | +€17,032 | +188% |
| Total equity and liabilities | 10/49 | €7,291,837 | €7,272,318 | -€19,519 | -0.3% |
| Equity | 10/15 | €1,375,426 | €1,626,014 | +€250,589 | +18.2% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €1,255,426 | €1,506,014 | +€250,589 | +20.0% |
| Tax-exempt reserves | 132 | - | €122,090 | +€122,090 | |
| Distributable reserves | 133 | €1,255,426 | €1,383,924 | +€128,499 | +10.2% |
| Amounts payable | 17/49 | €5,916,411 | €5,646,303 | -€270,108 | -4.6% |
| Amounts payable after more than one year | 17 | €3,250,569 | €974,500 | -€2.3m | -70.0% |
| Financial debts | 170/4 | €3,250,569 | €974,500 | -€2.3m | -70.0% |
| Amounts payable within one year | 42/48 | €2,542,190 | €4,566,915 | +€2.0m | +79.6% |
| Current portion of amounts payable after more than one year | 42 | €1,568,000 | €3,350,000 | +€1.8m | +114% |
| Trade debts | 44 | €5,081 | €24,865 | +€19,784 | +389% |
| Suppliers | 440/4 | €5,081 | €24,865 | +€19,784 | +389% |
| Taxes, remuneration and social security | 45 | €0 | €3,677 | +€3,677 | |
| Taxes | 450/3 | €0 | €3,677 | +€3,677 | |
| Other amounts payable | 47/48 | €969,109 | €1,188,373 | +€219,264 | +22.6% |
| Accrued charges and deferred income | 492/3 | €123,652 | €104,889 | -€18,764 | -15.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,698 | +€1,698 | |
| Other operating charges | 640/8 | €11,994 | €24,894 | +€12,900 | +108% |
| Gross operating margin | 9900 | €212,386 | €604,142 | +€391,756 | +184% |
| Operating profit (loss) | 9901 | €200,393 | €577,551 | +€377,158 | +188% |
| Financial income | 75/76B | €1,169 | €0 | -€1,169 | -100% |
| Recurring financial income | 75 | €1,169 | €0 | -€1,169 | -100% |
| Financial charges | 65/66B | €260,093 | €264,285 | +€4,192 | +1.6% |
| Recurring financial charges | 65 | €260,093 | €264,285 | +€4,192 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | -€58,531 | €313,266 | +€371,797 | |
| Income taxes | 67/77 | €0 | €62,677 | +€62,677 | |
| Profit (loss) for the period | 9904 | -€58,531 | €250,589 | +€309,120 | |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Transfer to tax-exempt reserves | 689 | - | €122,090 | +€122,090 | |
| Profit (loss) for the period to be appropriated | 9905 | -€58,531 | €128,499 | +€187,030 |
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 15 October 2026 via checked.be.