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 +€409,767
up €409,767 (+16.6%), from €2.5m to €2.9m
- Receivables within one year -€46,925
down €46,925 (-34.1%), from €137,750 to €90,825
- Cash +€37,809
up €37,809 (+1,753%), from €2,156 to €39,965
mainly Debts after one year (+€327,779) and Net result for the year (+€74,125)
- Debts after one year +€327,779
up €327,779 (+79.0%), from €415,063 to €742,842
- Profit (loss) carried forward +€74,125
up €74,125 (+14.8%), from €502,043 to €576,168
- Current portion of long-term debt +€50,354
up €50,354 (+114%), from €44,146 to €94,500
- Other operating charges -€35,998
down €35,998 (-30.8%), from €117,067 to €81,069
- Financial charges +€13,176
up €13,176 (+100%), from €13,116 to €26,292
- Depreciation +€11,893
up €11,893 (+24.6%), from €48,340 to €60,233
- Gross operating margin +€7,170
up €7,170 (+2.8%), from €259,189 to €266,359
- Taxes +€3,031
up €3,031 (+13.8%), from €21,984 to €25,015
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 | €2,690,895 | €3,118,078 | +€427,183 | +15.9% |
| Fixed assets | 21/28 | €2,472,783 | €2,882,550 | +€409,767 | +16.6% |
| Tangible fixed assets | 22/27 | €2,472,783 | €2,882,550 | +€409,767 | +16.6% |
| Land and buildings | 22 | €2,472,783 | €2,882,550 | +€409,767 | +16.6% |
| Current assets | 29/58 | €218,112 | €235,528 | +€17,416 | +8.0% |
| Amounts receivable within one year | 40/41 | €137,750 | €90,825 | -€46,925 | -34.1% |
| Trade receivables | 40 | €137,750 | €90,825 | -€46,925 | -34.1% |
| Cash at bank and in hand | 54/58 | €2,156 | €39,965 | +€37,809 | +1,753% |
| Deferred charges and accrued income | 490/1 | €78,206 | €104,738 | +€26,533 | +33.9% |
| Total equity and liabilities | 10/49 | €2,690,895 | €3,118,078 | +€427,183 | +15.9% |
| Equity | 10/15 | €2,088,984 | €2,163,110 | +€74,125 | +3.5% |
| Contributions | 10/11 | €1,442,674 | €1,442,674 | = | 0.0% |
| Capital | 10 | €1,442,674 | €1,442,674 | = | 0.0% |
| Issued capital | 100 | €1,442,674 | €1,442,674 | = | 0.0% |
| Reserves | 13 | €144,267 | €144,267 | = | 0.0% |
| Non-distributable reserves | 130/1 | €144,267 | €144,267 | = | 0.0% |
| Legal reserve | 130 | €144,267 | €144,267 | = | 0.0% |
| Profit (loss) carried forward | 14 | €502,043 | €576,168 | +€74,125 | +14.8% |
| Amounts payable | 17/49 | €601,910 | €954,968 | +€353,058 | +58.7% |
| Amounts payable after more than one year | 17 | €415,063 | €742,842 | +€327,779 | +79.0% |
| Financial debts | 170/4 | €415,063 | €742,842 | +€327,779 | +79.0% |
| Amounts payable within one year | 42/48 | €186,847 | €212,126 | +€25,279 | +13.5% |
| Current portion of amounts payable after more than one year | 42 | €44,146 | €94,500 | +€50,354 | +114% |
| Trade debts | 44 | - | €1,244 | +€1,244 | |
| Suppliers | 440/4 | - | €1,244 | +€1,244 | |
| Taxes, remuneration and social security | 45 | €31,078 | €9,588 | -€21,490 | -69.1% |
| Taxes | 450/3 | €31,078 | €9,588 | -€21,490 | -69.1% |
| Other amounts payable | 47/48 | €111,623 | €106,794 | -€4,829 | -4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,340 | €60,233 | +€11,893 | +24.6% |
| Other operating charges | 640/8 | €117,067 | €81,069 | -€35,998 | -30.8% |
| Gross operating margin | 9900 | €259,189 | €266,359 | +€7,170 | +2.8% |
| Operating profit (loss) | 9901 | €93,782 | €125,057 | +€31,275 | +33.3% |
| Financial income | 75/76B | €10 | €375 | +€365 | +3,650% |
| Recurring financial income | 75 | €10 | €375 | +€365 | +3,650% |
| Financial charges | 65/66B | €13,116 | €26,292 | +€13,176 | +100% |
| Recurring financial charges | 65 | €13,116 | €26,292 | +€13,176 | +100% |
| Profit (loss) for the period before taxes | 9903 | €80,677 | €99,140 | +€18,464 | +22.9% |
| Income taxes | 67/77 | €21,984 | €25,015 | +€3,031 | +13.8% |
| Profit (loss) for the period | 9904 | €58,692 | €74,125 | +€15,433 | +26.3% |
| Profit (loss) for the period to be appropriated | 9905 | €58,692 | €74,125 | +€15,433 | +26.3% |
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 20 October 2026 via checked.be.