VLIEGENRAAM.COM: 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.
VLIEGENRAAM.COM
Largest movements
- Cash -€124,439
down €124,439 (-98.9%), from €125,832 to €1,393
mainly Net result for the year (-€62,007) and Trade debts (-€51,712)
- Financial fixed assets +€22,496
up €22,496 (+256%), from €8,775 to €31,271
- Stocks and contracts +€10,530
new in 2025: €10,530
- Tangible fixed assets +€7,272
up €7,272 (+151%), from €4,804 to €12,075
of which Land and buildings: +€8,754
- Intangible fixed assets +€5,183
up €5,183 (+232%), from €2,230 to €7,413
- Profit (loss) carried forward -€62,007
new in 2025: -€62,007
- Trade debts -€51,712
down €51,712 (-37.9%), from €136,299 to €84,587
- Short-term financial debts +€35,634
up €35,634 (+15,866%), from €225 to €35,859
- Tax, wage and social debts +€10,166
up €10,166 (+40.1%), from €25,359 to €35,525
of which Remuneration and social security: +€10,907
- Current portion of long-term debt -€6,411
down €6,411 (-21.5%), from €29,798 to €23,387
- Staff costs +€109,167
up €109,167 (+50.0%), from €218,176 to €327,342
- Gross operating margin -€39,425
down €39,425 (-11.9%), from €329,940 to €290,515
- Taxes -€28,017
down €28,017 (-97.7%), from €28,665 to €647
- Financial charges +€4,815
up €4,815 (+68.1%), from €7,075 to €11,890
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 | €426,217 | €351,364 | -€74,854 | -17.6% |
| Fixed assets | 21/28 | €15,809 | €50,759 | +€34,950 | +221% |
| Intangible fixed assets | 21 | €2,230 | €7,413 | +€5,183 | +232% |
| Tangible fixed assets | 22/27 | €4,804 | €12,075 | +€7,272 | +151% |
| Land and buildings | 22 | - | €8,754 | +€8,754 | |
| Plant, machinery and equipment | 23 | €2,173 | €2,824 | +€651 | +30.0% |
| Furniture and vehicles | 24 | €2,631 | €498 | -€2,133 | -81.1% |
| Financial fixed assets | 28 | €8,775 | €31,271 | +€22,496 | +256% |
| Current assets | 29/58 | €410,409 | €300,605 | -€109,804 | -26.8% |
| Stocks and contracts in progress | 3 | - | €10,530 | +€10,530 | |
| Stocks | 30/36 | - | €10,530 | +€10,530 | |
| Amounts receivable within one year | 40/41 | €245,698 | €245,572 | -€127 | -0.1% |
| Trade receivables | 40 | €214,554 | €199,983 | -€14,572 | -6.8% |
| Other amounts receivable | 41 | €31,144 | €45,589 | +€14,445 | +46.4% |
| Current investments | 50/53 | €29,801 | €29,801 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €125,832 | €1,393 | -€124,439 | -98.9% |
| Deferred charges and accrued income | 490/1 | €9,077 | €13,309 | +€4,232 | +46.6% |
| Total equity and liabilities | 10/49 | €426,217 | €351,364 | -€74,854 | -17.6% |
| Equity | 10/15 | €222,819 | €160,812 | -€62,007 | -27.8% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €216,319 | €216,319 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €214,459 | €214,459 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€62,007 | -€62,007 | |
| Amounts payable | 17/49 | €203,398 | €190,551 | -€12,847 | -6.3% |
| Amounts payable after more than one year | 17 | €810 | - | -€810 | |
| Financial debts | 170/4 | €810 | - | -€810 | |
| Amounts payable within one year | 42/48 | €201,528 | €189,491 | -€12,037 | -6.0% |
| Current portion of amounts payable after more than one year | 42 | €29,798 | €23,387 | -€6,411 | -21.5% |
| Financial debts | 43 | €225 | €35,859 | +€35,634 | +15,866% |
| Credit institutions | 430/8 | €225 | €35,859 | +€35,634 | +15,866% |
| Trade debts | 44 | €136,299 | €84,587 | -€51,712 | -37.9% |
| Suppliers | 440/4 | €136,299 | €84,587 | -€51,712 | -37.9% |
| Taxes, remuneration and social security | 45 | €25,359 | €35,525 | +€10,166 | +40.1% |
| Taxes | 450/3 | €741 | - | -€741 | |
| Remuneration and social security | 454/9 | €24,618 | €35,525 | +€10,907 | +44.3% |
| Other amounts payable | 47/48 | €9,848 | €10,133 | +€285 | +2.9% |
| Accrued charges and deferred income | 492/3 | €1,060 | €1,060 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €218,176 | €327,342 | +€109,167 | +50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,781 | €4,723 | -€3,058 | -39.3% |
| Other operating charges | 640/8 | €5,433 | €3,967 | -€1,466 | -27.0% |
| Non-recurring operating charges | 66A | €11,934 | €4,010 | -€7,925 | -66.4% |
| Gross operating margin | 9900 | €329,940 | €290,515 | -€39,425 | -11.9% |
| Operating profit (loss) | 9901 | €86,616 | -€49,528 | -€136,144 | |
| Financial income | 75/76B | €75 | €58 | -€17 | -22.5% |
| Recurring financial income | 75 | €75 | €58 | -€17 | -22.5% |
| Financial charges | 65/66B | €7,075 | €11,890 | +€4,815 | +68.1% |
| Recurring financial charges | 65 | €7,075 | €11,890 | +€4,815 | +68.1% |
| Profit (loss) for the period before taxes | 9903 | €79,616 | -€61,360 | -€140,975 | |
| Income taxes | 67/77 | €28,665 | €647 | -€28,017 | -97.7% |
| Profit (loss) for the period | 9904 | €50,951 | -€62,007 | -€112,958 | |
| Profit (loss) for the period to be appropriated | 9905 | €50,951 | -€62,007 | -€112,958 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.