VLETERHOF: 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.
What changed
VLETERHOF
NACE 93.110, Operation of sports facilities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€7,972
2024 · -€2,517-€5,455
Equity
€102,790
2024 · €110,762-€7,972
Cash
€7,685
2024 · €10,122-€2,436
Balance sheet total
€303,923
2024 · €330,950-€27,027
Largest movements
Assets
- Tangible fixed assets -€33,230
down €33,230 (-16.5%), from €201,477 to €168,247
of which Land and buildings: -€25,670
- Receivables within one year +€6,623
up €6,623 (+5.6%), from €117,746 to €124,369
of which Other amounts receivable: +€10,129
Equity and liabilities
- Debts after one year -€15,218
down €15,218 (-10.8%), from €140,938 to €125,721
- Short-term financial debts +€12,272
up €12,272 (+55.6%), from €22,066 to €34,338
- Current portion of long-term debt -€12,051
down €12,051 (-44.2%), from €27,269 to €15,218
- Profit (loss) carried forward -€7,972
down €7,972, from €7,198 to -€774
- Advances received -€5,380
down €5,380 (-82.2%), from €6,546 to €1,166
Income statement
- Gross operating margin -€9,020
down €9,020 (-11.6%), from €77,696 to €68,677
- Staff costs -€4,226
down €4,226 (-15.8%), from €26,817 to €22,591
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.
Result 2024
-€2,517
Gross operating margin
-€9,020
Staff costs
+€4,226
Depreciation
-€267
Other operating charges
-€541
Financial income
+€0
Financial charges
+€157
Taxes
-€11
Result 2025
-€7,972
raises the resultlowers the result
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.
From operations
+€14,761
Investment
-€2,200
Financing
-€14,997
Cash 2024
€10,122
From operations (derived)
+€14,761
Net result for the year
-€7,972
Depreciation
+€35,430
Stocks and contracts
-€2,050
Receivables within one year
-€6,623
Smaller working-capital items
+€110
Trade debts
+€1,246
Advances received
-€5,380
Investment (derived)
-€2,200
Investment in fixed assets (net)
-€2,200
Financing
-€14,997
Debts after one year
-€15,218
Current portion of long-term debt
-€12,051
Short-term financial debts
+€12,272
Cash 2025
€7,685
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €330,950 | €303,923 | -€27,027 | -8.2% |
| Fixed assets | 21/28 | €201,477 | €168,247 | -€33,230 | -16.5% |
| Tangible fixed assets | 22/27 | €201,477 | €168,247 | -€33,230 | -16.5% |
| Land and buildings | 22 | €176,306 | €150,636 | -€25,670 | -14.6% |
| Plant, machinery and equipment | 23 | €5,395 | €5,462 | +€68 | +1.3% |
| Furniture and vehicles | 24 | €17,123 | €10,273 | -€6,850 | -40.0% |
| Leasing and similar rights | 25 | €2,652 | €1,875 | -€777 | -29.3% |
| Current assets | 29/58 | €129,473 | €135,676 | +€6,202 | +4.8% |
| Stocks and contracts in progress | 3 | €1,250 | €3,300 | +€2,050 | +164% |
| Stocks | 30/36 | €1,250 | €3,300 | +€2,050 | +164% |
| Amounts receivable within one year | 40/41 | €117,746 | €124,369 | +€6,623 | +5.6% |
| Trade receivables | 40 | €10,298 | €6,792 | -€3,506 | -34.0% |
| Other amounts receivable | 41 | €107,448 | €117,577 | +€10,129 | +9.4% |
| Cash at bank and in hand | 54/58 | €10,122 | €7,685 | -€2,436 | -24.1% |
| Deferred charges and accrued income | 490/1 | €355 | €321 | -€34 | -9.7% |
| Total equity and liabilities | 10/49 | €330,950 | €303,923 | -€27,027 | -8.2% |
| Equity | 10/15 | €110,762 | €102,790 | -€7,972 | -7.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €84,964 | €84,964 | = | 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% |
| Tax-exempt reserves | 132 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €73,104 | €73,104 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,198 | -€774 | -€7,972 | |
| Amounts payable | 17/49 | €220,188 | €201,133 | -€19,056 | -8.7% |
| Amounts payable after more than one year | 17 | €140,938 | €125,721 | -€15,218 | -10.8% |
| Financial debts | 170/4 | €140,938 | €125,721 | -€15,218 | -10.8% |
| Amounts payable within one year | 42/48 | €79,250 | €75,412 | -€3,838 | -4.8% |
| Current portion of amounts payable after more than one year | 42 | €27,269 | €15,218 | -€12,051 | -44.2% |
| Financial debts | 43 | €22,066 | €34,338 | +€12,272 | +55.6% |
| Credit institutions | 430/8 | €22,066 | €34,338 | +€12,272 | +55.6% |
| Trade debts | 44 | €18,227 | €19,473 | +€1,246 | +6.8% |
| Suppliers | 440/4 | €18,227 | €19,473 | +€1,246 | +6.8% |
| Advances received on contracts in progress | 46 | €6,546 | €1,166 | -€5,380 | -82.2% |
| Taxes, remuneration and social security | 45 | €4,492 | €4,568 | +€76 | +1.7% |
| Taxes | 450/3 | €4,434 | €4,051 | -€383 | -8.6% |
| Remuneration and social security | 454/9 | €58 | €517 | +€459 | +787% |
| Other amounts payable | 47/48 | €650 | €650 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €26,817 | €22,591 | -€4,226 | -15.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,163 | €35,430 | +€267 | +0.8% |
| Other operating charges | 640/8 | €5,178 | €5,719 | +€541 | +10.4% |
| Gross operating margin | 9900 | €77,696 | €68,677 | -€9,020 | -11.6% |
| Operating profit (loss) | 9901 | €10,538 | €4,937 | -€5,601 | -53.2% |
| Financial income | 75/76B | €1 | €1 | +€0 | +7.3% |
| Recurring financial income | 75 | €1 | €1 | +€0 | +7.3% |
| Financial charges | 65/66B | €12,634 | €12,477 | -€157 | -1.2% |
| Recurring financial charges | 65 | €12,634 | €12,477 | -€157 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | -€2,095 | -€7,540 | -€5,444 | -260% |
| Income taxes | 67/77 | €422 | €432 | +€11 | +2.5% |
| Profit (loss) for the period | 9904 | -€2,517 | -€7,972 | -€5,455 | -217% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,517 | -€7,972 | -€5,455 | -217% |
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.