VLIEBERGH: 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.
VLIEBERGH
Largest movements
- Tangible fixed assets -€13,174
down €13,174 (-36.7%), from €35,889 to €22,715
of which Leasing and similar rights: -€11,964
- Receivables within one year -€3,499
down €3,499 (-16.6%), from €21,127 to €17,628
of which Trade receivables: -€13,729
- Debts after one year -€10,665
down €10,665 (-56.3%), from €18,954 to €8,289
- Trade debts +€10,478
up €10,478 (+350%), from €2,993 to €13,471
- Other debts -€7,291
down €7,291 (-100%), from €7,291 to €0
- Profit (loss) carried forward -€3,660
down €3,660 (-144%), from -€2,534 to -€6,194
- Tax, wage and social debts -€3,076
down €3,076 (-93.9%), from €3,276 to €200
of which Remuneration and social security: -€2,413
- Gross operating margin -€12,379
down €12,379 (-48.4%), from €25,598 to €13,220
- Other operating charges -€973
down €973 (-49.1%), from €1,983 to €1,010
- Depreciation -€908
down €908 (-6.4%), from €14,082 to €13,174
- Staff costs +€438
up €438 (+176%), from €248 to €686
- Financial charges -€311
down €311 (-14.5%), from €2,142 to €1,830
From the 2025 result to the 2026 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €59,043 | €42,470 | -€16,574 | -28.1% |
| Fixed assets | 21/28 | €35,889 | €22,715 | -€13,174 | -36.7% |
| Tangible fixed assets | 22/27 | €35,889 | €22,715 | -€13,174 | -36.7% |
| Land and buildings | 22 | €796 | €0 | -€796 | -100% |
| Plant, machinery and equipment | 23 | €1,103 | €754 | -€350 | -31.7% |
| Furniture and vehicles | 24 | €65 | €0 | -€65 | -100% |
| Leasing and similar rights | 25 | €33,925 | €21,961 | -€11,964 | -35.3% |
| Current assets | 29/58 | €23,154 | €19,754 | -€3,399 | -14.7% |
| Stocks and contracts in progress | 3 | €1,166 | €1,166 | = | 0.0% |
| Stocks | 30/36 | €1,166 | €1,166 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €21,127 | €17,628 | -€3,499 | -16.6% |
| Trade receivables | 40 | €20,327 | €6,598 | -€13,729 | -67.5% |
| Other amounts receivable | 41 | €800 | €11,030 | +€10,230 | +1,279% |
| Deferred charges and accrued income | 490/1 | €861 | €961 | +€99 | +11.5% |
| Total equity and liabilities | 10/49 | €59,043 | €42,470 | -€16,574 | -28.1% |
| Equity | 10/15 | €10,526 | €6,866 | -€3,660 | -34.8% |
| Contributions | 10/11 | €11,200 | €11,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,534 | -€6,194 | -€3,660 | -144% |
| Amounts payable | 17/49 | €48,517 | €35,604 | -€12,913 | -26.6% |
| Amounts payable after more than one year | 17 | €18,954 | €8,289 | -€10,665 | -56.3% |
| Financial debts | 170/4 | €18,954 | €8,289 | -€10,665 | -56.3% |
| Amounts payable within one year | 42/48 | €29,563 | €27,315 | -€2,248 | -7.6% |
| Current portion of amounts payable after more than one year | 42 | €10,239 | €10,665 | +€426 | +4.2% |
| Financial debts | 43 | €5,764 | €2,979 | -€2,785 | -48.3% |
| Credit institutions | 430/8 | €5,764 | €2,979 | -€2,785 | -48.3% |
| Trade debts | 44 | €2,993 | €13,471 | +€10,478 | +350% |
| Suppliers | 440/4 | €2,993 | €13,471 | +€10,478 | +350% |
| Taxes, remuneration and social security | 45 | €3,276 | €200 | -€3,076 | -93.9% |
| Taxes | 450/3 | €862 | €200 | -€662 | -76.8% |
| Remuneration and social security | 454/9 | €2,413 | €0 | -€2,413 | -100% |
| Other amounts payable | 47/48 | €7,291 | €0 | -€7,291 | -100% |
| Remuneration, social security and pensions | 62 | €248 | €686 | +€438 | +176% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,082 | €13,174 | -€908 | -6.4% |
| Other operating charges | 640/8 | €1,983 | €1,010 | -€973 | -49.1% |
| Gross operating margin | 9900 | €25,598 | €13,220 | -€12,379 | -48.4% |
| Operating profit (loss) | 9901 | €9,285 | -€1,650 | -€10,935 | |
| Financial income | 75/76B | €1 | €20 | +€19 | +3,471% |
| Recurring financial income | 75 | €1 | €20 | +€19 | +3,471% |
| Financial charges | 65/66B | €2,142 | €1,830 | -€311 | -14.5% |
| Recurring financial charges | 65 | €2,142 | €1,830 | -€311 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | €7,144 | -€3,460 | -€10,605 | |
| Income taxes | 67/77 | €200 | €200 | +€0 | 0.0% |
| Profit (loss) for the period | 9904 | €6,944 | -€3,660 | -€10,605 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,944 | -€3,660 | -€10,605 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.