Vliegwiel: what changed
Vliegwiel
Largest movements
- Cash +€32,119
up €32,119 (+68.1%), from €47,174 to €79,293
mainly Net result for the year (+€22,520) and Depreciation (+€10,906)
- Tangible fixed assets -€10,906
down €10,906 (-39.4%), from €27,661 to €16,755
of which Furniture and vehicles: -€10,794
- Receivables within one year +€4,949
up €4,949 (+26.6%), from €18,601 to €23,550
of which Trade receivables: +€7,298
- Financial fixed assets -€2,250
down €2,250 (-100%), from €2,250 to €0
- Profit (loss) carried forward +€21,687
up €21,687 (+85.8%), from -€25,276 to -€3,589
- Other debts +€4,061
up €4,061 (+25.5%), from €15,954 to €20,015
- Trade debts +€3,366
up €3,366 (+159%), from €2,120 to €5,486
- Accrued charges and deferred income -€1,894
down €1,894 (-62.3%), from €3,042 to €1,148
- Tax, wage and social debts -€1,779
down €1,779 (-18.9%), from €9,425 to €7,646
- Taxes +€2,050
up €2,050 (+1,601%), from €128 to €2,178
- Financial charges -€2,031
down €2,031 (-56.5%), from €3,595 to €1,564
- Gross operating margin -€600
down €600 (-1.5%), from €38,851 to €38,251
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 | €96,576 | €120,526 | +€23,950 | +24.8% |
| Fixed assets | 21/28 | €29,911 | €16,755 | -€13,156 | -44.0% |
| Tangible fixed assets | 22/27 | €27,661 | €16,755 | -€10,906 | -39.4% |
| Furniture and vehicles | 24 | €27,211 | €16,418 | -€10,794 | -39.7% |
| Other tangible fixed assets | 26 | €449 | €337 | -€112 | -25.0% |
| Financial fixed assets | 28 | €2,250 | €0 | -€2,250 | -100% |
| Current assets | 29/58 | €66,665 | €103,771 | +€37,106 | +55.7% |
| Amounts receivable within one year | 40/41 | €18,601 | €23,550 | +€4,949 | +26.6% |
| Trade receivables | 40 | €16,229 | €23,527 | +€7,298 | +45.0% |
| Other amounts receivable | 41 | €2,372 | €22 | -€2,350 | -99.1% |
| Cash at bank and in hand | 54/58 | €47,174 | €79,293 | +€32,119 | +68.1% |
| Deferred charges and accrued income | 490/1 | €890 | €929 | +€38 | +4.3% |
| Total equity and liabilities | 10/49 | €96,576 | €120,526 | +€23,950 | +24.8% |
| Equity | 10/15 | €61,998 | €83,684 | +€21,687 | +35.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €74,873 | €74,873 | = | 0.0% |
| Distributable reserves | 133 | €74,873 | €74,873 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,276 | -€3,589 | +€21,687 | +85.8% |
| Amounts payable | 17/49 | €34,578 | €36,841 | +€2,263 | +6.5% |
| Amounts payable within one year | 42/48 | €31,536 | €35,693 | +€4,157 | +13.2% |
| Financial debts | 43 | €4,037 | €2,546 | -€1,492 | -36.9% |
| Credit institutions | 430/8 | €0 | - | = | |
| Other loans | 439 | €4,037 | €2,546 | -€1,492 | -36.9% |
| Trade debts | 44 | €2,120 | €5,486 | +€3,366 | +159% |
| Suppliers | 440/4 | €2,120 | €5,486 | +€3,366 | +159% |
| Taxes, remuneration and social security | 45 | €9,425 | €7,646 | -€1,779 | -18.9% |
| Taxes | 450/3 | €9,425 | €7,646 | -€1,779 | -18.9% |
| Other amounts payable | 47/48 | €15,954 | €20,015 | +€4,061 | +25.5% |
| Accrued charges and deferred income | 492/3 | €3,042 | €1,148 | -€1,894 | -62.3% |
| Non-recurring operating income | 76A | - | €150 | +€150 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,029 | €10,906 | -€123 | -1.1% |
| Other operating charges | 640/8 | €1,124 | €1,105 | -€18 | -1.6% |
| Gross operating margin | 9900 | €38,851 | €38,251 | -€600 | -1.5% |
| Operating profit (loss) | 9901 | €26,698 | €26,239 | -€459 | -1.7% |
| Financial income | 75/76B | €1 | €21 | +€20 | +2,155% |
| Recurring financial income | 75 | €1 | €21 | +€20 | +2,155% |
| Financial charges | 65/66B | €3,595 | €1,564 | -€2,031 | -56.5% |
| Recurring financial charges | 65 | €3,595 | €1,564 | -€2,031 | -56.5% |
| Profit (loss) for the period before taxes | 9903 | €23,105 | €24,697 | +€1,593 | +6.9% |
| Income taxes | 67/77 | €128 | €2,178 | +€2,050 | +1,601% |
| Profit (loss) for the period | 9904 | €22,977 | €22,520 | -€457 | -2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €22,977 | €22,520 | -€457 | -2.0% |
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 3 November 2026 via checked.be.