Vlassenbroeck: 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.
Vlassenbroeck
Largest movements
- Tangible fixed assets -€226,290
down €226,290 (-19.1%), from €1.2m to €957,167
- Receivables within one year -€28,464
down €28,464 (-6.2%), from €456,209 to €427,745
of which Trade receivables: -€30,906
- Cash -€28,373
down €28,373 (-90.6%), from €31,319 to €2,946
mainly Debts after one year (-€208,317) and Trade debts (-€96,522)
- Deferred charges and accrued income -€24,745
down €24,745 (-59.7%), from €41,422 to €16,677
- Debts after one year -€208,317
down €208,317 (-36.2%), from €575,229 to €366,912
- Trade debts -€96,522
down €96,522 (-55.0%), from €175,414 to €78,891
- Current portion of long-term debt -€18,594
down €18,594 (-8.2%), from €226,911 to €208,317
- Turnover -€172,158
down €172,158 (-15.4%), from €1.1m to €946,659
- Purchases and services -€141,200
down €141,200 (-24.1%), from €585,562 to €444,362
- Gross operating margin -€133,056
down €133,056 (-20.8%), from €640,065 to €507,009
- Staff costs -€65,803
down €65,803 (-25.7%), from €255,893 to €190,090
- Depreciation -€48,278
down €48,278 (-14.7%), from €328,160 to €279,882
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,776,588 | €1,446,254 | -€330,334 | -18.6% |
| Fixed assets | 21/28 | €1,183,457 | €957,167 | -€226,290 | -19.1% |
| Tangible fixed assets | 22/27 | €1,183,457 | €957,167 | -€226,290 | -19.1% |
| Land and buildings | 22 | €333,518 | €300,441 | -€33,077 | -9.9% |
| Plant, machinery and equipment | 23 | €323,148 | €264,759 | -€58,389 | -18.1% |
| Furniture and vehicles | 24 | €88,385 | €61,144 | -€27,241 | -30.8% |
| Leasing and similar rights | 25 | €438,406 | €330,823 | -€107,584 | -24.5% |
| Current assets | 29/58 | €593,131 | €489,087 | -€104,044 | -17.5% |
| Stocks and contracts in progress | 3 | €58,914 | €41,718 | -€17,196 | -29.2% |
| Stocks | 30/36 | €18,914 | €29,718 | +€10,804 | +57.1% |
| Contracts in progress | 37 | €40,000 | €12,000 | -€28,000 | -70.0% |
| Amounts receivable within one year | 40/41 | €456,209 | €427,745 | -€28,464 | -6.2% |
| Trade receivables | 40 | €434,357 | €403,451 | -€30,906 | -7.1% |
| Other amounts receivable | 41 | €21,853 | €24,295 | +€2,442 | +11.2% |
| Current investments | 50/53 | €5,266 | - | -€5,266 | |
| Cash at bank and in hand | 54/58 | €31,319 | €2,946 | -€28,373 | -90.6% |
| Deferred charges and accrued income | 490/1 | €41,422 | €16,677 | -€24,745 | -59.7% |
| Total equity and liabilities | 10/49 | €1,776,588 | €1,446,254 | -€330,334 | -18.6% |
| Equity | 10/15 | €716,392 | €717,492 | +€1,100 | +0.2% |
| Contributions | 10/11 | €288,750 | €288,750 | = | 0.0% |
| Reserves | 13 | €332,959 | €329,978 | -€2,981 | -0.9% |
| Tax-exempt reserves | 132 | €54,084 | €51,103 | -€2,981 | -5.5% |
| Distributable reserves | 133 | €278,875 | €278,875 | = | 0.0% |
| Profit (loss) carried forward | 14 | €91,031 | €96,938 | +€5,906 | +6.5% |
| Investment grants | 15 | €3,651 | €1,825 | -€1,825 | -50.0% |
| Provisions and deferred taxes | 16 | €994 | - | -€994 | |
| Deferred taxes | 168 | €994 | - | -€994 | |
| Amounts payable | 17/49 | €1,059,203 | €728,763 | -€330,440 | -31.2% |
| Amounts payable after more than one year | 17 | €575,229 | €366,912 | -€208,317 | -36.2% |
| Financial debts | 170/4 | €575,229 | €366,912 | -€208,317 | -36.2% |
| Amounts payable within one year | 42/48 | €483,974 | €360,436 | -€123,538 | -25.5% |
| Current portion of amounts payable after more than one year | 42 | €226,911 | €208,317 | -€18,594 | -8.2% |
| Trade debts | 44 | €175,414 | €78,891 | -€96,522 | -55.0% |
| Suppliers | 440/4 | €175,414 | €78,891 | -€96,522 | -55.0% |
| Taxes, remuneration and social security | 45 | €51,017 | €44,886 | -€6,132 | -12.0% |
| Taxes | 450/3 | €7,035 | €8,352 | +€1,317 | +18.7% |
| Remuneration and social security | 454/9 | €43,983 | €36,533 | -€7,449 | -16.9% |
| Other amounts payable | 47/48 | €30,632 | €28,343 | -€2,289 | -7.5% |
| Accrued charges and deferred income | 492/3 | - | €1,414 | +€1,414 | |
| Turnover | 70 | €1,118,816 | €946,659 | -€172,158 | -15.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €585,562 | €444,362 | -€141,200 | -24.1% |
| Remuneration, social security and pensions | 62 | €255,893 | €190,090 | -€65,803 | -25.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €328,160 | €279,882 | -€48,278 | -14.7% |
| Other operating charges | 640/8 | €12,537 | €6,897 | -€5,639 | -45.0% |
| Gross operating margin | 9900 | €640,065 | €507,009 | -€133,056 | -20.8% |
| Operating profit (loss) | 9901 | €43,475 | €30,139 | -€13,336 | -30.7% |
| Financial income | 75/76B | €1,857 | €1,846 | -€11 | -0.6% |
| Recurring financial income | 75 | €1,857 | €1,846 | -€11 | -0.6% |
| Financial charges | 65/66B | €40,100 | €25,974 | -€14,126 | -35.2% |
| Recurring financial charges | 65 | €40,100 | €25,974 | -€14,126 | -35.2% |
| Profit (loss) for the period before taxes | 9903 | €5,232 | €6,011 | +€779 | +14.9% |
| Transfer from deferred taxes | 780 | €994 | €994 | = | 0.0% |
| Income taxes | 67/77 | €365 | €3,247 | +€2,881 | +789% |
| Profit (loss) for the period | 9904 | €5,861 | €3,758 | -€2,102 | -35.9% |
| Transfer from tax-exempt reserves | 789 | €2,981 | €2,981 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,842 | €6,739 | -€2,102 | -23.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.