Vliegen Kenneth: 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.
Vliegen Kenneth
Largest movements
- Tangible fixed assets +€56,915
up €56,915 (+619%), from €9,196 to €66,111
of which Furniture and vehicles: +€57,197
- Deferred charges and accrued income -€12,064
down €12,064 (-97.7%), from €12,352 to €288
- Stocks and contracts +€5,575
new in 2025: €5,575
- Cash +€4,524
up €4,524 (+71.7%), from €6,305 to €10,829
mainly Debts after one year (+€42,867) and Other debts (+€18,163)
- Debts after one year +€42,867
new in 2025: €42,867
- Reserves -€24,553
down €24,553 (-88.7%), from €27,670 to €3,117
- Other debts +€18,163
up €18,163 (+5,703%), from €319 to €18,482
- Current portion of long-term debt +€12,879
new in 2025: €12,879
- Tax, wage and social debts +€8,374
up €8,374 (+254%), from €3,293 to €11,666
of which Taxes: +€5,943
- Depreciation +€11,773
up €11,773 (+248%), from €4,753 to €16,527
- Gross operating margin +€11,118
up €11,118 (+76.9%), from €14,466 to €25,584
- Taxes +€2,445
up €2,445 (+360%), from €679 to €3,123
- Financial charges -€354
down €354 (-13.0%), from €2,718 to €2,364
- Other operating charges +€285
up €285 (+103%), from €277 to €562
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 | €42,325 | €97,638 | +€55,314 | +131% |
| Fixed assets | 21/28 | €9,196 | €66,111 | +€56,915 | +619% |
| Tangible fixed assets | 22/27 | €9,196 | €66,111 | +€56,915 | +619% |
| Land and buildings | 22 | €870 | €588 | -€282 | -32.4% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €8,326 | €65,523 | +€57,197 | +687% |
| Current assets | 29/58 | €33,128 | €31,527 | -€1,601 | -4.8% |
| Stocks and contracts in progress | 3 | - | €5,575 | +€5,575 | |
| Stocks | 30/36 | - | €5,575 | +€5,575 | |
| Amounts receivable within one year | 40/41 | €14,472 | €14,836 | +€364 | +2.5% |
| Trade receivables | 40 | €12,420 | €14,178 | +€1,759 | +14.2% |
| Other amounts receivable | 41 | €2,052 | €657 | -€1,394 | -68.0% |
| Cash at bank and in hand | 54/58 | €6,305 | €10,829 | +€4,524 | +71.7% |
| Deferred charges and accrued income | 490/1 | €12,352 | €288 | -€12,064 | -97.7% |
| Total equity and liabilities | 10/49 | €42,325 | €97,638 | +€55,314 | +131% |
| Equity | 10/15 | €31,670 | €7,117 | -€24,553 | -77.5% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €27,670 | €3,117 | -€24,553 | -88.7% |
| Distributable reserves | 133 | €27,670 | €3,117 | -€24,553 | -88.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €10,655 | €90,521 | +€79,866 | +750% |
| Amounts payable after more than one year | 17 | - | €42,867 | +€42,867 | |
| Financial debts | 170/4 | - | €42,867 | +€42,867 | |
| Amounts payable within one year | 42/48 | €10,655 | €47,520 | +€36,865 | +346% |
| Current portion of amounts payable after more than one year | 42 | - | €12,879 | +€12,879 | |
| Trade debts | 44 | €7,044 | €4,493 | -€2,551 | -36.2% |
| Suppliers | 440/4 | €7,044 | €4,493 | -€2,551 | -36.2% |
| Taxes, remuneration and social security | 45 | €3,293 | €11,666 | +€8,374 | +254% |
| Taxes | 450/3 | €3,293 | €9,236 | +€5,943 | +180% |
| Remuneration and social security | 454/9 | - | €2,430 | +€2,430 | |
| Other amounts payable | 47/48 | €319 | €18,482 | +€18,163 | +5,703% |
| Accrued charges and deferred income | 492/3 | €0 | €134 | +€134 | |
| Non-recurring operating income | 76A | - | €24,384 | +€24,384 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,753 | €16,527 | +€11,773 | +248% |
| Other operating charges | 640/8 | €277 | €562 | +€285 | +103% |
| Non-recurring operating charges | 66A | €3,676 | €2,560 | -€1,116 | -30.4% |
| Gross operating margin | 9900 | €14,466 | €25,584 | +€11,118 | +76.9% |
| Operating profit (loss) | 9901 | €5,759 | €5,934 | +€175 | +3.0% |
| Financial income | 75/76B | €12 | €0 | -€12 | -99.9% |
| Recurring financial income | 75 | €12 | €0 | -€12 | -99.9% |
| Financial charges | 65/66B | €2,718 | €2,364 | -€354 | -13.0% |
| Recurring financial charges | 65 | €2,718 | €2,364 | -€354 | -13.0% |
| Profit (loss) for the period before taxes | 9903 | €3,053 | €3,571 | +€517 | +16.9% |
| Income taxes | 67/77 | €679 | €3,123 | +€2,445 | +360% |
| Profit (loss) for the period | 9904 | €2,374 | €447 | -€1,927 | -81.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,374 | €447 | -€1,927 | -81.2% |
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 28 October 2026 via checked.be.