VLIERT: 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.
VLIERT
Largest movements
- Current investments +€98,537
up €98,537 (+20.8%), from €473,330 to €571,868
- Cash +€27,700
up €27,700 (+21.6%), from €128,325 to €156,025
mainly Net result for the year (+€138,416) and Tax, wage and social debts (+€9,354)
- Receivables within one year +€16,952
up €16,952 (+70.4%), from €24,082 to €41,034
of which Other amounts receivable: +€10,844
- Deferred charges and accrued income +€9,205
up €9,205 (+751%), from €1,225 to €10,431
- Reserves +€138,416
up €138,416 (+25.2%), from €549,638 to €688,054
- Tax, wage and social debts +€9,354
up €9,354 (+28.5%), from €32,813 to €42,167
- Gross operating margin +€4,415
up €4,415 (+2.7%), from €166,129 to €170,544
- Financial income -€4,116
down €4,116 (-12.9%), from €31,810 to €27,695
- Taxes +€2,206
up €2,206 (+4.2%), from €52,003 to €54,209
- Financial charges -€1,829
down €1,829 (-34.3%), from €5,327 to €3,498
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 | €629,817 | €783,536 | +€153,720 | +24.4% |
| Fixed assets | 21/28 | €2,854 | €4,179 | +€1,325 | +46.4% |
| Tangible fixed assets | 22/27 | €2,854 | €4,179 | +€1,325 | +46.4% |
| Plant, machinery and equipment | 23 | €2,318 | €1,657 | -€661 | -28.5% |
| Furniture and vehicles | 24 | €536 | €2,522 | +€1,986 | +370% |
| Current assets | 29/58 | €626,962 | €779,357 | +€152,395 | +24.3% |
| Amounts receivable within one year | 40/41 | €24,082 | €41,034 | +€16,952 | +70.4% |
| Trade receivables | 40 | €17,015 | €23,123 | +€6,108 | +35.9% |
| Other amounts receivable | 41 | €7,067 | €17,911 | +€10,844 | +153% |
| Current investments | 50/53 | €473,330 | €571,868 | +€98,537 | +20.8% |
| Cash at bank and in hand | 54/58 | €128,325 | €156,025 | +€27,700 | +21.6% |
| Deferred charges and accrued income | 490/1 | €1,225 | €10,431 | +€9,205 | +751% |
| Total equity and liabilities | 10/49 | €629,817 | €783,536 | +€153,720 | +24.4% |
| Equity | 10/15 | €569,638 | €708,054 | +€138,416 | +24.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €549,638 | €688,054 | +€138,416 | +25.2% |
| Distributable reserves | 133 | €549,638 | €688,054 | +€138,416 | +25.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €60,179 | €75,482 | +€15,303 | +25.4% |
| Amounts payable within one year | 42/48 | €56,137 | €70,771 | +€14,634 | +26.1% |
| Trade debts | 44 | €865 | €3,047 | +€2,182 | +252% |
| Suppliers | 440/4 | €865 | €3,047 | +€2,182 | +252% |
| Taxes, remuneration and social security | 45 | €32,813 | €42,167 | +€9,354 | +28.5% |
| Taxes | 450/3 | €32,813 | €42,167 | +€9,354 | +28.5% |
| Other amounts payable | 47/48 | €22,459 | €25,558 | +€3,099 | +13.8% |
| Accrued charges and deferred income | 492/3 | €4,042 | €4,711 | +€669 | +16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,023 | €1,288 | +€265 | +25.9% |
| Other operating charges | 640/8 | €802 | €827 | +€24 | +3.0% |
| Gross operating margin | 9900 | €166,129 | €170,544 | +€4,415 | +2.7% |
| Operating profit (loss) | 9901 | €164,304 | €168,429 | +€4,125 | +2.5% |
| Financial income | 75/76B | €31,810 | €27,695 | -€4,116 | -12.9% |
| Recurring financial income | 75 | €31,810 | €27,695 | -€4,116 | -12.9% |
| Financial charges | 65/66B | €5,327 | €3,498 | -€1,829 | -34.3% |
| Recurring financial charges | 65 | €5,327 | €3,498 | -€1,829 | -34.3% |
| Profit (loss) for the period before taxes | 9903 | €190,787 | €192,625 | +€1,838 | +1.0% |
| Income taxes | 67/77 | €52,003 | €54,209 | +€2,206 | +4.2% |
| Profit (loss) for the period | 9904 | €138,784 | €138,416 | -€368 | -0.3% |
| Profit (loss) for the period to be appropriated | 9905 | €138,784 | €138,416 | -€368 | -0.3% |
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 15 October 2026 via checked.be.