Vlathai: 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.
Vlathai
Largest movements
- Tangible fixed assets -€21,339
down €21,339 (-20.6%), from €103,613 to €82,274
- Receivables within one year +€5,257
up €5,257 (+62.0%), from €8,482 to €13,739
of which Trade receivables: +€6,103
- Debts after one year -€6,414
down €6,414 (-48.7%), from €13,181 to €6,767
- Current portion of long-term debt -€5,985
down €5,985 (-48.3%), from €12,400 to €6,414
- Other debts -€3,470
down €3,470 (-14.1%), from €24,668 to €21,198
- Tax, wage and social debts -€3,151
down €3,151 (-11.6%), from €27,266 to €24,115
of which Taxes: -€5,146
- Reserves -€1,656
down €1,656 (-2.9%), from €58,032 to €56,376
- Gross operating margin +€12,108
up €12,108 (+13.1%), from €92,669 to €104,776
- Depreciation +€7,570
up €7,570 (+49.2%), from €15,399 to €22,969
- Staff costs +€3,373
up €3,373 (+4.8%), from €70,671 to €74,044
- Financial charges +€3,342
up €3,342 (+109%), from €3,077 to €6,419
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 | €155,191 | €135,326 | -€19,864 | -12.8% |
| Fixed assets | 21/28 | €103,613 | €82,274 | -€21,339 | -20.6% |
| Tangible fixed assets | 22/27 | €103,613 | €82,274 | -€21,339 | -20.6% |
| Land and buildings | 22 | €50,169 | €41,666 | -€8,504 | -16.9% |
| Plant, machinery and equipment | 23 | €31,036 | €25,894 | -€5,143 | -16.6% |
| Furniture and vehicles | 24 | €22,407 | €14,714 | -€7,693 | -34.3% |
| Current assets | 29/58 | €51,578 | €53,053 | +€1,475 | +2.9% |
| Stocks and contracts in progress | 3 | €8,200 | €7,250 | -€950 | -11.6% |
| Stocks | 30/36 | €8,200 | €7,250 | -€950 | -11.6% |
| Amounts receivable within one year | 40/41 | €8,482 | €13,739 | +€5,257 | +62.0% |
| Trade receivables | 40 | €7,052 | €13,155 | +€6,103 | +86.5% |
| Other amounts receivable | 41 | €1,430 | €584 | -€846 | -59.1% |
| Cash at bank and in hand | 54/58 | €23,725 | €22,243 | -€1,481 | -6.2% |
| Deferred charges and accrued income | 490/1 | €11,171 | €9,820 | -€1,351 | -12.1% |
| Total equity and liabilities | 10/49 | €155,191 | €135,326 | -€19,864 | -12.8% |
| Equity | 10/15 | €68,032 | €66,376 | -€1,656 | -2.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €58,032 | €56,376 | -€1,656 | -2.9% |
| Distributable reserves | 133 | €58,032 | €56,376 | -€1,656 | -2.9% |
| Amounts payable | 17/49 | €87,159 | €68,951 | -€18,208 | -20.9% |
| Amounts payable after more than one year | 17 | €13,181 | €6,767 | -€6,414 | -48.7% |
| Financial debts | 170/4 | €13,181 | €6,767 | -€6,414 | -48.7% |
| Amounts payable within one year | 42/48 | €73,978 | €62,184 | -€11,794 | -15.9% |
| Current portion of amounts payable after more than one year | 42 | €12,400 | €6,414 | -€5,985 | -48.3% |
| Trade debts | 44 | €9,644 | €10,457 | +€813 | +8.4% |
| Suppliers | 440/4 | €9,644 | €10,457 | +€813 | +8.4% |
| Taxes, remuneration and social security | 45 | €27,266 | €24,115 | -€3,151 | -11.6% |
| Taxes | 450/3 | €8,342 | €3,196 | -€5,146 | -61.7% |
| Remuneration and social security | 454/9 | €18,924 | €20,918 | +€1,995 | +10.5% |
| Other amounts payable | 47/48 | €24,668 | €21,198 | -€3,470 | -14.1% |
| Non-recurring operating income | 76A | €31 | €27 | -€5 | -14.5% |
| Remuneration, social security and pensions | 62 | €70,671 | €74,044 | +€3,373 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,399 | €22,969 | +€7,570 | +49.2% |
| Other operating charges | 640/8 | €1,882 | €1,639 | -€243 | -12.9% |
| Gross operating margin | 9900 | €92,669 | €104,776 | +€12,108 | +13.1% |
| Operating profit (loss) | 9901 | €4,717 | €6,124 | +€1,407 | +29.8% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €3,077 | €6,419 | +€3,342 | +109% |
| Recurring financial charges | 65 | €3,077 | €6,419 | +€3,342 | +109% |
| Profit (loss) for the period before taxes | 9903 | €1,640 | -€295 | -€1,935 | |
| Income taxes | 67/77 | €1,393 | €1,361 | -€32 | -2.3% |
| Profit (loss) for the period | 9904 | €246 | -€1,656 | -€1,903 | |
| Profit (loss) for the period to be appropriated | 9905 | €246 | -€1,656 | -€1,903 |
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.