VLIEGEN: 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
VLIEGEN
NACE 68.121, Development of residential building projects
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€232,389
2024 · €283,546-€51,157
Equity
€1.8m
2024 · €1.6m+€232,389
Cash
€1.0m
2024 · €694,991+€307,507
Balance sheet total
€2.3m
2024 · €2.2m+€137,595
Largest movements
Assets
- Cash +€307,507
up €307,507 (+44.2%), from €694,991 to €1.0m
mainly Depreciation (+€233,023) and Net result for the year (+€232,389)
- Tangible fixed assets -€105,789
down €105,789 (-8.1%), from €1.3m to €1.2m
of which Furniture and vehicles: -€94,684
- Receivables within one year -€57,847
down €57,847 (-30.9%), from €187,068 to €129,220
of which Trade receivables: -€57,847
Equity and liabilities
- Profit (loss) carried forward +€232,389
up €232,389 (+19.1%), from €1.2m to €1.5m
- Debts after one year -€91,769
down €91,769 (-21.9%), from €419,984 to €328,215
Income statement
- Gross operating margin -€28,710
down €28,710 (-4.9%), from €590,766 to €562,057
- Depreciation +€16,060
up €16,060 (+7.4%), from €216,964 to €233,023
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
€283,546
Gross operating margin
-€28,710
Depreciation
-€16,060
Other operating charges
-€1,469
Financial income
+€817
Financial charges
+€7
Taxes
-€5,743
Result 2025
€232,389
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.
From operations
+€523,125
Investment
-€127,234
Financing
-€88,384
Cash 2024
€694,991
From operations (derived)
+€523,125
Net result for the year
+€232,389
Depreciation
+€233,023
Receivables within one year
+€57,847
Deferred charges and accrued income
+€6,275
Trade debts
-€3,257
Tax, wage and social debts
+€3,804
Other debts
-€6,957
Investment (derived)
-€127,234
Investment in fixed assets (net)
-€127,234
Financing
-€88,384
Debts after one year
-€91,769
Current portion of long-term debt
+€1,236
Short-term financial debts
+€2,149
Cash 2025
€1.0m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,200,144 | €2,337,739 | +€137,595 | +6.3% |
| Fixed assets | 21/28 | €1,311,810 | €1,206,021 | -€105,789 | -8.1% |
| Tangible fixed assets | 22/27 | €1,311,810 | €1,206,021 | -€105,789 | -8.1% |
| Land and buildings | 22 | €945,611 | €906,691 | -€38,920 | -4.1% |
| Plant, machinery and equipment | 23 | €89,270 | €117,085 | +€27,815 | +31.2% |
| Furniture and vehicles | 24 | €276,930 | €182,245 | -€94,684 | -34.2% |
| Current assets | 29/58 | €888,333 | €1,131,718 | +€243,385 | +27.4% |
| Amounts receivable within one year | 40/41 | €187,068 | €129,220 | -€57,847 | -30.9% |
| Trade receivables | 40 | €75,847 | €18,000 | -€57,847 | -76.3% |
| Other amounts receivable | 41 | €111,220 | €111,220 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €694,991 | €1,002,498 | +€307,507 | +44.2% |
| Deferred charges and accrued income | 490/1 | €6,275 | €0 | -€6,275 | -100.0% |
| Total equity and liabilities | 10/49 | €2,200,144 | €2,337,739 | +€137,595 | +6.3% |
| Equity | 10/15 | €1,571,510 | €1,803,899 | +€232,389 | +14.8% |
| Contributions | 10/11 | €78,694 | €78,694 | = | 0.0% |
| Capital | 10 | €78,694 | €78,694 | = | 0.0% |
| Issued capital | 100 | €78,694 | €78,694 | = | 0.0% |
| Reserves | 13 | €274,512 | €274,512 | = | 0.0% |
| Non-distributable reserves | 130/1 | €17,685 | €17,685 | = | 0.0% |
| Legal reserve | 130 | €17,685 | €17,685 | = | 0.0% |
| Tax-exempt reserves | 132 | €25,250 | €25,250 | = | 0.0% |
| Distributable reserves | 133 | €231,578 | €231,578 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,218,304 | €1,450,693 | +€232,389 | +19.1% |
| Provisions and deferred taxes | 16 | €36,749 | €36,749 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €36,749 | €36,749 | = | 0.0% |
| Other liabilities and charges | 164/5 | €36,749 | €36,749 | = | 0.0% |
| Amounts payable | 17/49 | €591,885 | €497,091 | -€94,794 | -16.0% |
| Amounts payable after more than one year | 17 | €419,984 | €328,215 | -€91,769 | -21.9% |
| Financial debts | 170/4 | €419,984 | €328,215 | -€91,769 | -21.9% |
| Amounts payable within one year | 42/48 | €171,901 | €168,877 | -€3,025 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €80,533 | €81,769 | +€1,236 | +1.5% |
| Financial debts | 43 | €14,054 | €16,203 | +€2,149 | +15.3% |
| Credit institutions | 430/8 | €14,054 | €16,203 | +€2,149 | +15.3% |
| Trade debts | 44 | €6,094 | €2,837 | -€3,257 | -53.4% |
| Suppliers | 440/4 | €6,094 | €2,837 | -€3,257 | -53.4% |
| Taxes, remuneration and social security | 45 | €58,524 | €62,327 | +€3,804 | +6.5% |
| Taxes | 450/3 | €58,524 | €62,327 | +€3,804 | +6.5% |
| Other amounts payable | 47/48 | €12,697 | €5,740 | -€6,957 | -54.8% |
| Non-recurring operating income | 76A | €0 | €3,306 | +€3,306 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €216,964 | €233,023 | +€16,060 | +7.4% |
| Other operating charges | 640/8 | €6,320 | €7,789 | +€1,469 | +23.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €590,766 | €562,057 | -€28,710 | -4.9% |
| Operating profit (loss) | 9901 | €367,482 | €321,244 | -€46,238 | -12.6% |
| Financial income | 75/76B | €670 | €1,487 | +€817 | +122.0% |
| Recurring financial income | 75 | €670 | €1,487 | +€817 | +122.0% |
| Financial charges | 65/66B | €12,886 | €12,879 | -€7 | -0.1% |
| Recurring financial charges | 65 | €12,886 | €12,879 | -€7 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | €355,266 | €309,852 | -€45,414 | -12.8% |
| Income taxes | 67/77 | €71,720 | €77,463 | +€5,743 | +8.0% |
| Profit (loss) for the period | 9904 | €283,546 | €232,389 | -€51,157 | -18.0% |
| Profit (loss) for the period to be appropriated | 9905 | €283,546 | €232,389 | -€51,157 | -18.0% |
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 9 October 2026 via checked.be.