VLEUGELS BART: 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 BART
Largest movements
- Tangible fixed assets -€23,990
down €23,990 (-25.4%), from €94,489 to €70,499
of which Furniture and vehicles: -€23,152
- Cash +€9,054
up €9,054 (+73.9%), from €12,255 to €21,309
mainly Other debts (+€35,336) and Depreciation (+€23,990)
- Receivables within one year -€8,387
down €8,387 (-16.0%), from €52,274 to €43,888
of which Trade receivables: -€10,128
- Reserves -€46,003
down €46,003 (-49.0%), from €93,967 to €47,964
- Other debts +€35,336
up €35,336 (+4980.2%), from €710 to €36,046
- Debts after one year -€25,167
no longer reported in 2025 (was €25,167)
- Profit (loss) carried forward +€12,154
no longer reported in 2025 (was -€12,154)
- Tax, wage and social debts -€1,627
down €1,627 (-34.7%), from €4,683 to €3,056
- Gross operating margin +€27,897
up €27,897 (+185.2%), from €15,064 to €42,961
- Taxes +€3,259
up €3,259 (+722.2%), from €451 to €3,710
- Financial charges -€1,108
down €1,108 (-35.9%), from €3,091 to €1,982
- Depreciation +€580
up €580 (+2.5%), from €23,410 to €23,990
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 | €159,310 | €135,696 | -€23,614 | -14.8% |
| Fixed assets | 21/28 | €94,489 | €70,499 | -€23,990 | -25.4% |
| Tangible fixed assets | 22/27 | €94,489 | €70,499 | -€23,990 | -25.4% |
| Land and buildings | 22 | €7,199 | €6,361 | -€838 | -11.6% |
| Furniture and vehicles | 24 | €87,290 | €64,138 | -€23,152 | -26.5% |
| Current assets | 29/58 | €64,821 | €65,197 | +€376 | +0.6% |
| Amounts receivable within one year | 40/41 | €52,274 | €43,888 | -€8,387 | -16.0% |
| Trade receivables | 40 | €42,725 | €32,598 | -€10,128 | -23.7% |
| Other amounts receivable | 41 | €9,549 | €11,290 | +€1,741 | +18.2% |
| Cash at bank and in hand | 54/58 | €12,255 | €21,309 | +€9,054 | +73.9% |
| Deferred charges and accrued income | 490/1 | €292 | - | -€292 | |
| Total equity and liabilities | 10/49 | €159,310 | €135,696 | -€23,614 | -14.8% |
| Equity | 10/15 | €102,113 | €68,265 | -€33,849 | -33.1% |
| Contributions | 10/11 | €20,301 | €20,301 | = | 0.0% |
| Reserves | 13 | €93,967 | €47,964 | -€46,003 | -49.0% |
| Distributable reserves | 133 | €93,967 | €47,964 | -€46,003 | -49.0% |
| Profit (loss) carried forward | 14 | -€12,154 | - | +€12,154 | |
| Amounts payable | 17/49 | €57,196 | €67,432 | +€10,235 | +17.9% |
| Amounts payable after more than one year | 17 | €25,167 | - | -€25,167 | |
| Financial debts | 170/4 | €25,167 | - | -€25,167 | |
| Amounts payable within one year | 42/48 | €32,029 | €67,432 | +€35,402 | +110.5% |
| Current portion of amounts payable after more than one year | 42 | €23,981 | €25,167 | +€1,186 | +4.9% |
| Trade debts | 44 | €2,655 | €3,162 | +€507 | +19.1% |
| Suppliers | 440/4 | €2,655 | €3,162 | +€507 | +19.1% |
| Taxes, remuneration and social security | 45 | €4,683 | €3,056 | -€1,627 | -34.7% |
| Taxes | 450/3 | €4,683 | €3,056 | -€1,627 | -34.7% |
| Other amounts payable | 47/48 | €710 | €36,046 | +€35,336 | +4980.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,410 | €23,990 | +€580 | +2.5% |
| Other operating charges | 640/8 | €266 | €128 | -€139 | -52.1% |
| Gross operating margin | 9900 | €15,064 | €42,961 | +€27,897 | +185.2% |
| Operating profit (loss) | 9901 | -€8,612 | €18,844 | +€27,456 | |
| Financial charges | 65/66B | €3,091 | €1,982 | -€1,108 | -35.9% |
| Recurring financial charges | 65 | €3,091 | €1,982 | -€1,108 | -35.9% |
| Profit (loss) for the period before taxes | 9903 | -€11,703 | €16,861 | +€28,564 | |
| Income taxes | 67/77 | €451 | €3,710 | +€3,259 | +722.2% |
| Profit (loss) for the period | 9904 | -€12,154 | €13,151 | +€25,306 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,154 | €13,151 | +€25,306 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.