VLIEGHE & CO: what changed
VLIEGHE & CO
Largest movements
- Receivables within one year +€68,746
up €68,746 (+315%), from €21,836 to €90,582
of which Trade receivables: +€65,875
- Cash +€26,835
up €26,835 (+80.7%), from €33,265 to €60,100
mainly Trade debts (+€54,394) and Net result for the year (+€20,339)
- Tangible fixed assets -€19,366
down €19,366 (-25.9%), from €74,900 to €55,535
of which Furniture and vehicles: -€16,151
- Trade debts +€54,394
up €54,394 (+2,915%), from €1,866 to €56,260
- Profit (loss) carried forward +€18,673
up €18,673 (+26.2%), from €71,373 to €90,046
- Tax, wage and social debts +€12,204
up €12,204 (+55.2%), from €22,100 to €34,304
of which Taxes: +€8,004
- Debts after one year -€10,339
down €10,339 (-53.4%), from €19,378 to €9,039
- Gross operating margin -€63,370
down €63,370 (-55.8%), from €113,652 to €50,282
- Taxes -€12,296
down €12,296 (-61.5%), from €20,000 to €7,704
- Depreciation +€3,087
up €3,087 (+19.0%), from €16,279 to €19,366
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €131,195 | €207,505 | +€76,310 | +58.2% |
| Fixed assets | 21/28 | €74,900 | €55,535 | -€19,366 | -25.9% |
| Tangible fixed assets | 22/27 | €74,900 | €55,535 | -€19,366 | -25.9% |
| Plant, machinery and equipment | 23 | €14,283 | €11,068 | -€3,215 | -22.5% |
| Furniture and vehicles | 24 | €60,618 | €44,467 | -€16,151 | -26.6% |
| Current assets | 29/58 | €56,295 | €151,970 | +€95,676 | +170% |
| Amounts receivable within one year | 40/41 | €21,836 | €90,582 | +€68,746 | +315% |
| Trade receivables | 40 | €17,401 | €83,276 | +€65,875 | +379% |
| Other amounts receivable | 41 | €4,436 | €7,306 | +€2,870 | +64.7% |
| Cash at bank and in hand | 54/58 | €33,265 | €60,100 | +€26,835 | +80.7% |
| Deferred charges and accrued income | 490/1 | €1,193 | €1,288 | +€95 | +7.9% |
| Total equity and liabilities | 10/49 | €131,195 | €207,505 | +€76,310 | +58.2% |
| Equity | 10/15 | €76,373 | €95,046 | +€18,673 | +24.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €71,373 | €90,046 | +€18,673 | +26.2% |
| Amounts payable | 17/49 | €54,822 | €112,459 | +€57,637 | +105% |
| Amounts payable after more than one year | 17 | €19,378 | €9,039 | -€10,339 | -53.4% |
| Financial debts | 170/4 | €19,378 | €9,039 | -€10,339 | -53.4% |
| Amounts payable within one year | 42/48 | €35,444 | €102,736 | +€67,292 | +190% |
| Current portion of amounts payable after more than one year | 42 | €9,812 | €10,339 | +€527 | +5.4% |
| Trade debts | 44 | €1,866 | €56,260 | +€54,394 | +2,915% |
| Suppliers | 440/4 | €1,866 | €56,260 | +€54,394 | +2,915% |
| Taxes, remuneration and social security | 45 | €22,100 | €34,304 | +€12,204 | +55.2% |
| Taxes | 450/3 | €22,100 | €30,104 | +€8,004 | +36.2% |
| Remuneration and social security | 454/9 | - | €4,200 | +€4,200 | |
| Other amounts payable | 47/48 | €1,666 | €1,833 | +€167 | +10.0% |
| Accrued charges and deferred income | 492/3 | - | €684 | +€684 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,279 | €19,366 | +€3,087 | +19.0% |
| Other operating charges | 640/8 | €1,729 | €1,443 | -€286 | -16.5% |
| Gross operating margin | 9900 | €113,652 | €50,282 | -€63,370 | -55.8% |
| Operating profit (loss) | 9901 | €95,644 | €29,473 | -€66,171 | -69.2% |
| Financial income | 75/76B | €5 | €47 | +€41 | +757% |
| Recurring financial income | 75 | €5 | €47 | +€41 | +757% |
| Financial charges | 65/66B | €2,610 | €1,477 | -€1,133 | -43.4% |
| Recurring financial charges | 65 | €2,610 | €1,477 | -€1,133 | -43.4% |
| Profit (loss) for the period before taxes | 9903 | €93,039 | €28,043 | -€64,996 | -69.9% |
| Income taxes | 67/77 | €20,000 | €7,704 | -€12,296 | -61.5% |
| Profit (loss) for the period | 9904 | €73,039 | €20,339 | -€52,701 | -72.2% |
| Profit (loss) for the period to be appropriated | 9905 | €73,039 | €20,339 | -€52,701 | -72.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.