Vleugels: what changed
Two fiscal 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.
Vleugels
Largest movements
- Tangible fixed assets -€9,878
down €9,878 (-3.0%), from €331,317 to €321,439
- Cash +€8,553
up €8,553 (+169.5%), from €5,046 to €13,599
mainly Net result for the year (+€15,491) and Depreciation (+€9,878)
- Debts after one year -€20,000
down €20,000 (-17.7%), from €113,000 to €93,000
- Profit (loss) carried forward +€15,491
up €15,491 (+27.8%), from €55,714 to €71,205
- Gross operating margin +€7,386
up €7,386 (+27.3%), from €27,069 to €34,455
- Taxes +€2,468
up €2,468 (+86.2%), from €2,864 to €5,332
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.
Cash bridge derived
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 | €337,214 | €335,038 | -€2,177 | -0.6% |
| Fixed assets | 21/28 | €331,317 | €321,439 | -€9,878 | -3.0% |
| Tangible fixed assets | 22/27 | €331,317 | €321,439 | -€9,878 | -3.0% |
| Land and buildings | 22 | €331,317 | €321,439 | -€9,878 | -3.0% |
| Current assets | 29/58 | €5,897 | €13,599 | +€7,702 | +130.6% |
| Amounts receivable within one year | 40/41 | €851 | - | -€851 | |
| Trade receivables | 40 | €851 | - | -€851 | |
| Cash at bank and in hand | 54/58 | €5,046 | €13,599 | +€8,553 | +169.5% |
| Total equity and liabilities | 10/49 | €337,214 | €335,038 | -€2,177 | -0.6% |
| Equity | 10/15 | €224,214 | €239,705 | +€15,491 | +6.9% |
| Contributions | 10/11 | €145,000 | €145,000 | = | 0.0% |
| Reserves | 13 | €23,500 | €23,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €23,500 | - | -€23,500 | |
| Reserves not available under the articles | 1311 | €23,500 | - | -€23,500 | |
| Distributable reserves | 133 | - | €23,500 | +€23,500 | |
| Profit (loss) carried forward | 14 | €55,714 | €71,205 | +€15,491 | +27.8% |
| Amounts payable | 17/49 | €113,000 | €95,332 | -€17,668 | -15.6% |
| Amounts payable after more than one year | 17 | €113,000 | €93,000 | -€20,000 | -17.7% |
| Financial debts | 170/4 | €113,000 | €93,000 | -€20,000 | -17.7% |
| Amounts payable within one year | 42/48 | - | €2,332 | +€2,332 | |
| Taxes, remuneration and social security | 45 | - | €2,332 | +€2,332 | |
| Taxes | 450/3 | - | €2,332 | +€2,332 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,878 | €9,878 | = | 0.0% |
| Other operating charges | 640/8 | €3,641 | €3,753 | +€112 | +3.1% |
| Gross operating margin | 9900 | €27,069 | €34,455 | +€7,386 | +27.3% |
| Operating profit (loss) | 9901 | €13,550 | €20,823 | +€7,273 | +53.7% |
| Profit (loss) for the period before taxes | 9903 | €13,550 | €20,823 | +€7,273 | +53.7% |
| Income taxes | 67/77 | €2,864 | €5,332 | +€2,468 | +86.2% |
| Profit (loss) for the period | 9904 | €10,686 | €15,491 | +€4,805 | +45.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,686 | €15,491 | +€4,805 | +45.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.