VLEGELS: 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.
VLEGELS
Largest movements
- Cash +€188,148
up €188,148 (+44.1%), from €426,901 to €615,049
mainly Net result for the year (+€114,232) and Receivables within one year (+€59,294)
- Receivables within one year -€59,294
down €59,294 (-45.8%), from €129,461 to €70,166
of which Trade receivables: -€61,462
- Tangible fixed assets -€18,608
down €18,608 (-26.5%), from €70,279 to €51,671
of which Furniture and vehicles: -€19,408
- Profit (loss) carried forward +€114,232
new in 2025: €114,232
- Gross operating margin +€68,314
up €68,314 (+67.7%), from €100,841 to €169,155
- Taxes +€14,385
up €14,385 (+61.6%), from €23,333 to €37,717
- Depreciation +€3,749
up €3,749 (+30.4%), from €12,349 to €16,099
- Financial income -€2,468
down €2,468 (-100.0%), from €2,468 to €0
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 | €627,123 | €738,995 | +€111,871 | +17.8% |
| Fixed assets | 21/28 | €70,279 | €51,671 | -€18,608 | -26.5% |
| Tangible fixed assets | 22/27 | €70,279 | €51,671 | -€18,608 | -26.5% |
| Plant, machinery and equipment | 23 | €1,162 | €1,962 | +€800 | +68.8% |
| Furniture and vehicles | 24 | €69,117 | €49,709 | -€19,408 | -28.1% |
| Current assets | 29/58 | €556,844 | €687,324 | +€130,480 | +23.4% |
| Amounts receivable within one year | 40/41 | €129,461 | €70,166 | -€59,294 | -45.8% |
| Trade receivables | 40 | €80,754 | €19,292 | -€61,462 | -76.1% |
| Other amounts receivable | 41 | €48,706 | €50,875 | +€2,168 | +4.5% |
| Cash at bank and in hand | 54/58 | €426,901 | €615,049 | +€188,148 | +44.1% |
| Deferred charges and accrued income | 490/1 | €482 | €2,108 | +€1,626 | +337% |
| Total equity and liabilities | 10/49 | €627,123 | €738,995 | +€111,871 | +17.8% |
| Equity | 10/15 | €605,987 | €720,218 | +€114,232 | +18.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €587,387 | €587,387 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €585,527 | €585,527 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €114,232 | +€114,232 | |
| Amounts payable | 17/49 | €21,137 | €18,777 | -€2,360 | -11.2% |
| Amounts payable within one year | 42/48 | €21,137 | €18,777 | -€2,360 | -11.2% |
| Trade debts | 44 | €1,322 | €1,951 | +€629 | +47.6% |
| Suppliers | 440/4 | €1,322 | €1,951 | +€629 | +47.6% |
| Taxes, remuneration and social security | 45 | €19,815 | €16,825 | -€2,989 | -15.1% |
| Taxes | 450/3 | €19,815 | €16,825 | -€2,989 | -15.1% |
| Non-recurring operating income | 76A | - | €629 | +€629 | |
| Remuneration, social security and pensions | 62 | €61 | €42 | -€18 | -30.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,349 | €16,099 | +€3,749 | +30.4% |
| Other operating charges | 640/8 | €582 | €894 | +€312 | +53.5% |
| Gross operating margin | 9900 | €100,841 | €169,155 | +€68,314 | +67.7% |
| Operating profit (loss) | 9901 | €87,848 | €152,120 | +€64,272 | +73.2% |
| Financial income | 75/76B | €2,468 | €0 | -€2,468 | -100.0% |
| Recurring financial income | 75 | €2,468 | €0 | -€2,468 | -100.0% |
| Financial charges | 65/66B | €150 | €172 | +€21 | +14.1% |
| Recurring financial charges | 65 | €150 | €172 | +€21 | +14.1% |
| Profit (loss) for the period before taxes | 9903 | €90,166 | €151,949 | +€61,783 | +68.5% |
| Income taxes | 67/77 | €23,333 | €37,717 | +€14,385 | +61.6% |
| Profit (loss) for the period | 9904 | €66,833 | €114,232 | +€47,398 | +70.9% |
| Profit (loss) for the period to be appropriated | 9905 | €66,833 | €114,232 | +€47,398 | +70.9% |
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 18 October 2026 via checked.be.