VLEMINCKX: 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.
VLEMINCKX
Largest movements
- Receivables within one year +€13,649
up €13,649 (+12.7%), from €107,203 to €120,852
of which Other amounts receivable: +€13,539
- Cash +€3,572
up €3,572 (+108%), from €3,295 to €6,867
mainly Net result for the year (+€10,881) and Depreciation (+€3,903)
- Reserves +€10,881
up €10,881 (+10.2%), from €106,470 to €117,351
of which Distributable reserves: +€10,881
- Trade debts +€2,309
up €2,309, from €0 to €2,309
- Tax, wage and social debts +€1,607
up €1,607 (+12.9%), from €12,455 to €14,061
- Gross operating margin -€7,406
down €7,406 (-23.4%), from €31,707 to €24,301
- Depreciation +€1,205
up €1,205 (+44.7%), from €2,698 to €3,903
- Taxes +€1,190
up €1,190 (+22.3%), from €5,346 to €6,536
- Financial charges +€705
up €705 (+116%), from €609 to €1,314
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 | €125,125 | €140,716 | +€15,591 | +12.5% |
| Fixed assets | 21/28 | €11,435 | €10,290 | -€1,145 | -10.0% |
| Tangible fixed assets | 22/27 | €11,435 | €10,290 | -€1,145 | -10.0% |
| Plant, machinery and equipment | 23 | €1,854 | €2,350 | +€495 | +26.7% |
| Furniture and vehicles | 24 | €8,245 | €6,787 | -€1,459 | -17.7% |
| Other tangible fixed assets | 26 | €1,335 | €1,153 | -€182 | -13.6% |
| Current assets | 29/58 | €113,690 | €130,427 | +€16,737 | +14.7% |
| Amounts receivable within one year | 40/41 | €107,203 | €120,852 | +€13,649 | +12.7% |
| Trade receivables | 40 | €6,400 | €6,510 | +€110 | +1.7% |
| Other amounts receivable | 41 | €100,803 | €114,342 | +€13,539 | +13.4% |
| Cash at bank and in hand | 54/58 | €3,295 | €6,867 | +€3,572 | +108% |
| Deferred charges and accrued income | 490/1 | €3,192 | €2,707 | -€485 | -15.2% |
| Total equity and liabilities | 10/49 | €125,125 | €140,716 | +€15,591 | +12.5% |
| Equity | 10/15 | €112,670 | €123,551 | +€10,881 | +9.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €106,470 | €117,351 | +€10,881 | +10.2% |
| 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 | €104,610 | €115,491 | +€10,881 | +10.4% |
| Amounts payable | 17/49 | €12,455 | €17,166 | +€4,711 | +37.8% |
| Amounts payable within one year | 42/48 | €12,455 | €17,166 | +€4,711 | +37.8% |
| Current portion of amounts payable after more than one year | 42 | - | €795 | +€795 | |
| Trade debts | 44 | €0 | €2,309 | +€2,309 | |
| Suppliers | 440/4 | €0 | €2,309 | +€2,309 | |
| Taxes, remuneration and social security | 45 | €12,455 | €14,061 | +€1,607 | +12.9% |
| Taxes | 450/3 | €12,455 | €14,061 | +€1,607 | +12.9% |
| Non-recurring operating income | 76A | €2,884 | - | -€2,884 | |
| Remuneration, social security and pensions | 62 | €247 | €268 | +€21 | +8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,698 | €3,903 | +€1,205 | +44.7% |
| Other operating charges | 640/8 | €1,607 | €1,401 | -€207 | -12.9% |
| Gross operating margin | 9900 | €31,707 | €24,301 | -€7,406 | -23.4% |
| Operating profit (loss) | 9901 | €27,156 | €18,730 | -€8,425 | -31.0% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €609 | €1,314 | +€705 | +116% |
| Recurring financial charges | 65 | €609 | €1,314 | +€705 | +116% |
| Profit (loss) for the period before taxes | 9903 | €26,547 | €17,416 | -€9,131 | -34.4% |
| Income taxes | 67/77 | €5,346 | €6,536 | +€1,190 | +22.3% |
| Profit (loss) for the period | 9904 | €21,202 | €10,881 | -€10,321 | -48.7% |
| Profit (loss) for the period to be appropriated | 9905 | €21,202 | €10,881 | -€10,321 | -48.7% |
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.