Vlenie: what changed
Vlenie
Largest movements
- Cash +€31,512
new in 2025: €31,512
mainly Receivables within one year (+€18,143) and Depreciation (+€17,723)
- Receivables within one year -€18,143
down €18,143 (-34.5%), from €52,581 to €34,439
of which Trade receivables: -€15,155
- Tangible fixed assets -€16,000
down €16,000 (-3.4%), from €471,465 to €455,465
of which Land and buildings: -€12,609
- Current investments -€9,208
down €9,208 (-99.9%), from €9,220 to €12
- Debts after one year -€36,300
down €36,300 (-9.8%), from €371,583 to €335,283
- Profit (loss) carried forward +€14,708
up €14,708 (+69.6%), from -€21,130 to -€6,421
- Other debts +€8,967
up €8,967 (+15.4%), from €58,206 to €67,172
- Trade debts +€6,591
up €6,591 (+21.5%), from €30,599 to €37,190
- Gross operating margin +€22,584
up €22,584 (+81.9%), from €27,577 to €50,161
- Other operating charges -€7,363
down €7,363 (-77.0%), from €9,561 to €2,199
- Depreciation -€5,110
down €5,110 (-22.4%), from €22,833 to €17,723
- Financial charges -€908
down €908 (-5.6%), from €16,131 to €15,222
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €534,170 | €522,629 | -€11,541 | -2.2% |
| Fixed assets | 21/28 | €471,465 | €455,465 | -€16,000 | -3.4% |
| Tangible fixed assets | 22/27 | €471,465 | €455,465 | -€16,000 | -3.4% |
| Land and buildings | 22 | €466,071 | €453,462 | -€12,609 | -2.7% |
| Plant, machinery and equipment | 23 | €4,840 | €2,003 | -€2,836 | -58.6% |
| Furniture and vehicles | 24 | €555 | - | -€555 | |
| Current assets | 29/58 | €62,705 | €67,164 | +€4,459 | +7.1% |
| Amounts receivable within one year | 40/41 | €52,581 | €34,439 | -€18,143 | -34.5% |
| Trade receivables | 40 | €42,587 | €27,432 | -€15,155 | -35.6% |
| Other amounts receivable | 41 | €9,995 | €7,007 | -€2,988 | -29.9% |
| Current investments | 50/53 | €9,220 | €12 | -€9,208 | -99.9% |
| Cash at bank and in hand | 54/58 | - | €31,512 | +€31,512 | |
| Deferred charges and accrued income | 490/1 | €904 | €1,202 | +€297 | +32.9% |
| Total equity and liabilities | 10/49 | €534,170 | €522,629 | -€11,541 | -2.2% |
| Equity | 10/15 | €33,282 | €47,990 | +€14,708 | +44.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €48,211 | €48,211 | = | 0.0% |
| Distributable reserves | 133 | €48,211 | €48,211 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,130 | -€6,421 | +€14,708 | +69.6% |
| Amounts payable | 17/49 | €500,888 | €474,639 | -€26,249 | -5.2% |
| Amounts payable after more than one year | 17 | €371,583 | €335,283 | -€36,300 | -9.8% |
| Financial debts | 170/4 | €371,583 | €335,283 | -€36,300 | -9.8% |
| Amounts payable within one year | 42/48 | €129,305 | €139,356 | +€10,050 | +7.8% |
| Current portion of amounts payable after more than one year | 42 | €33,095 | €33,526 | +€431 | +1.3% |
| Financial debts | 43 | €871 | - | -€871 | |
| Credit institutions | 430/8 | €871 | - | -€871 | |
| Trade debts | 44 | €30,599 | €37,190 | +€6,591 | +21.5% |
| Suppliers | 440/4 | €30,599 | €37,190 | +€6,591 | +21.5% |
| Taxes, remuneration and social security | 45 | €6,534 | €1,467 | -€5,066 | -77.5% |
| Taxes | 450/3 | €6,534 | €367 | -€6,166 | -94.4% |
| Remuneration and social security | 454/9 | - | €1,100 | +€1,100 | |
| Other amounts payable | 47/48 | €58,206 | €67,172 | +€8,967 | +15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,833 | €17,723 | -€5,110 | -22.4% |
| Other operating charges | 640/8 | €9,561 | €2,199 | -€7,363 | -77.0% |
| Gross operating margin | 9900 | €27,577 | €50,161 | +€22,584 | +81.9% |
| Operating profit (loss) | 9901 | -€4,817 | €30,240 | +€35,057 | |
| Financial income | 75/76B | €43 | €125 | +€83 | +194% |
| Recurring financial income | 75 | €43 | €125 | +€83 | +194% |
| Financial charges | 65/66B | €16,131 | €15,222 | -€908 | -5.6% |
| Recurring financial charges | 65 | €16,131 | €15,222 | -€908 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | -€20,905 | €15,142 | +€36,048 | |
| Income taxes | 67/77 | €224 | €434 | +€210 | +93.4% |
| Profit (loss) for the period | 9904 | -€21,130 | €14,708 | +€35,838 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,130 | €14,708 | +€35,838 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.