VLETRACLEAN: 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.
VLETRACLEAN
Largest movements
- Receivables within one year +€459,106
up €459,106 (+93.8%), from €489,249 to €948,355
of which Other amounts receivable: +€473,342
- Tangible fixed assets -€36,325
down €36,325 (-39.9%), from €90,983 to €54,658
- Receivables after one year -€27,741
down €27,741 (-9.9%), from €280,000 to €252,259
- Other debts +€792,894
up €792,894 (+2,858%), from €27,741 to €820,635
- Reserves -€504,433
down €504,433 (-28.3%), from €1.8m to €1.3m
- Tax, wage and social debts +€84,350
up €84,350 (+202%), from €41,795 to €126,145
of which Taxes: +€99,894
- Current portion of long-term debt +€47,009
up €47,009 (+248%), from €18,949 to €65,957
- Gross operating margin +€213,662
up €213,662 (+61.9%), from €345,095 to €558,757
- Taxes +€71,143
up €71,143 (+72.0%), from €98,801 to €169,944
- Financial income +€9,257
up €9,257 (+48.4%), from €19,117 to €28,374
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 | €1,931,776 | €2,345,179 | +€413,403 | +21.4% |
| Fixed assets | 21/28 | €1,145,444 | €1,108,895 | -€36,548 | -3.2% |
| Tangible fixed assets | 22/27 | €90,983 | €54,658 | -€36,325 | -39.9% |
| Furniture and vehicles | 24 | €90,983 | €54,658 | -€36,325 | -39.9% |
| Financial fixed assets | 28 | €1,054,461 | €1,054,238 | -€223 | 0.0% |
| Current assets | 29/58 | €786,332 | €1,236,284 | +€449,952 | +57.2% |
| Amounts receivable after more than one year | 29 | €280,000 | €252,259 | -€27,741 | -9.9% |
| Other amounts receivable | 291 | €280,000 | €252,259 | -€27,741 | -9.9% |
| Amounts receivable within one year | 40/41 | €489,249 | €948,355 | +€459,106 | +93.8% |
| Trade receivables | 40 | €37,500 | €23,264 | -€14,236 | -38.0% |
| Other amounts receivable | 41 | €451,749 | €925,091 | +€473,342 | +105% |
| Cash at bank and in hand | 54/58 | €15,313 | €16,746 | +€1,432 | +9.4% |
| Deferred charges and accrued income | 490/1 | €1,769 | €18,924 | +€17,155 | +970% |
| Total equity and liabilities | 10/49 | €1,931,776 | €2,345,179 | +€413,403 | +21.4% |
| Equity | 10/15 | €1,804,654 | €1,300,221 | -€504,433 | -28.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,783,905 | €1,279,472 | -€504,433 | -28.3% |
| Distributable reserves | 133 | €1,783,905 | €1,279,472 | -€504,433 | -28.3% |
| Profit (loss) carried forward | 14 | €750 | €750 | = | 0.0% |
| Amounts payable | 17/49 | €127,121 | €1,044,958 | +€917,836 | +722% |
| Amounts payable after more than one year | 17 | €15,957 | €0 | -€15,957 | -100% |
| Financial debts | 170/4 | €15,957 | €0 | -€15,957 | -100% |
| Amounts payable within one year | 42/48 | €109,648 | €1,044,958 | +€935,310 | +853% |
| Current portion of amounts payable after more than one year | 42 | €18,949 | €65,957 | +€47,009 | +248% |
| Trade debts | 44 | €21,163 | €32,220 | +€11,057 | +52.2% |
| Suppliers | 440/4 | €21,163 | €32,220 | +€11,057 | +52.2% |
| Taxes, remuneration and social security | 45 | €41,795 | €126,145 | +€84,350 | +202% |
| Taxes | 450/3 | €26,251 | €126,145 | +€99,894 | +381% |
| Remuneration and social security | 454/9 | €15,544 | €0 | -€15,544 | -100% |
| Other amounts payable | 47/48 | €27,741 | €820,635 | +€792,894 | +2,858% |
| Accrued charges and deferred income | 492/3 | €1,516 | €0 | -€1,516 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,192 | €36,325 | +€133 | +0.4% |
| Other operating charges | 640/8 | €3,512 | €3,430 | -€82 | -2.3% |
| Gross operating margin | 9900 | €345,095 | €558,757 | +€213,662 | +61.9% |
| Operating profit (loss) | 9901 | €305,390 | €519,002 | +€213,612 | +69.9% |
| Financial income | 75/76B | €19,117 | €28,374 | +€9,257 | +48.4% |
| Recurring financial income | 75 | €19,117 | €28,374 | +€9,257 | +48.4% |
| Financial charges | 65/66B | €5,189 | €5,254 | +€65 | +1.3% |
| Recurring financial charges | 65 | €5,189 | €5,254 | +€65 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | €319,319 | €542,122 | +€222,804 | +69.8% |
| Income taxes | 67/77 | €98,801 | €169,944 | +€71,143 | +72.0% |
| Profit (loss) for the period | 9904 | €220,518 | €372,178 | +€151,660 | +68.8% |
| Profit (loss) for the period to be appropriated | 9905 | €220,518 | €372,178 | +€151,660 | +68.8% |
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 16 October 2026 via checked.be.