VLIEKA: 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.
VLIEKA
Largest movements
- Cash +€77,468
up €77,468 (+161.9%), from €47,840 to €125,307
mainly Net result for the year (+€67,542) and Receivables within one year (+€14,731)
- Receivables within one year -€14,731
down €14,731 (-51.4%), from €28,685 to €13,954
of which Other amounts receivable: -€9,931
- Tangible fixed assets +€5,721
new in 2026: €5,721
- Reserves +€67,542
up €67,542 (+91.4%), from €73,908 to €141,451
- Gross operating margin -€48,101
down €48,101 (-35.8%), from €134,383 to €86,282
- Taxes -€11,569
down €11,569 (-39.5%), from €29,315 to €17,746
From the 2025 result to the 2026 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.
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €79,780 | €148,031 | +€68,251 | +85.5% |
| Fixed assets | 21/28 | - | €5,721 | +€5,721 | |
| Tangible fixed assets | 22/27 | - | €5,721 | +€5,721 | |
| Plant, machinery and equipment | 23 | - | €5,721 | +€5,721 | |
| Current assets | 29/58 | €79,780 | €142,310 | +€62,530 | +78.4% |
| Amounts receivable within one year | 40/41 | €28,685 | €13,954 | -€14,731 | -51.4% |
| Trade receivables | 40 | €18,000 | €13,200 | -€4,800 | -26.7% |
| Other amounts receivable | 41 | €10,685 | €754 | -€9,931 | -92.9% |
| Cash at bank and in hand | 54/58 | €47,840 | €125,307 | +€77,468 | +161.9% |
| Deferred charges and accrued income | 490/1 | €3,256 | €3,049 | -€207 | -6.4% |
| Total equity and liabilities | 10/49 | €79,780 | €148,031 | +€68,251 | +85.5% |
| Equity | 10/15 | €78,908 | €146,451 | +€67,542 | +85.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €73,908 | €141,451 | +€67,542 | +91.4% |
| Distributable reserves | 133 | €73,908 | €141,451 | +€67,542 | +91.4% |
| Amounts payable | 17/49 | €872 | €1,581 | +€709 | +81.3% |
| Amounts payable within one year | 42/48 | €872 | €1,581 | +€709 | +81.3% |
| Trade debts | 44 | €746 | €1,028 | +€283 | +37.9% |
| Suppliers | 440/4 | €746 | €1,028 | +€283 | +37.9% |
| Other amounts payable | 47/48 | €126 | €552 | +€426 | +337.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €546 | +€546 | |
| Other operating charges | 640/8 | €1,108 | €398 | -€710 | -64.1% |
| Gross operating margin | 9900 | €134,383 | €86,282 | -€48,101 | -35.8% |
| Operating profit (loss) | 9901 | €133,275 | €85,338 | -€47,937 | -36.0% |
| Financial income | 75/76B | €0 | €2 | +€2 | +15000.0% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +15000.0% |
| Financial charges | 65/66B | €52 | €51 | -€1 | -1.9% |
| Recurring financial charges | 65 | €52 | €51 | -€1 | -1.9% |
| Profit (loss) for the period before taxes | 9903 | €133,223 | €85,289 | -€47,935 | -36.0% |
| Income taxes | 67/77 | €29,315 | €17,746 | -€11,569 | -39.5% |
| Profit (loss) for the period | 9904 | €103,908 | €67,542 | -€36,366 | -35.0% |
| Profit (loss) for the period to be appropriated | 9905 | €103,908 | €67,542 | -€36,366 | -35.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.