VLINDERBEEK: what changed
Two fiscal 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.
VLINDERBEEK
Largest movements
- Receivables within one year +€746,150
up €746,150 (+669.7%), from €111,412 to €857,562
of which Other amounts receivable: +€722,918
- Debts after one year +€350,639
up €350,639 (+36.6%), from €957,534 to €1.3m
- Profit (loss) carried forward +€209,435
up €209,435 (+546.9%), from €38,295 to €247,730
- Other debts +€167,997
new in 2025: €167,997
- Financial income +€1.6m
up €1.6m (+3822.5%), from €42,000 to €1.6m
- Other operating charges -€99,197
no longer reported in 2025 (was €99,197)
- Taxes +€63,940
up €63,940, from -€10,148 to €53,792
- Gross operating margin +€11,570
up €11,570 (+4.7%), from €246,898 to €258,469
- Financial charges -€4,784
down €4,784 (-11.0%), from €43,640 to €38,855
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.
Cash bridge derived
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 | €1,534,784 | €2,279,722 | +€744,937 | +48.5% |
| Fixed assets | 21/28 | €1,393,915 | €1,390,078 | -€3,837 | -0.3% |
| Tangible fixed assets | 22/27 | €148,915 | €145,078 | -€3,837 | -2.6% |
| Land and buildings | 22 | €148,915 | €145,078 | -€3,837 | -2.6% |
| Financial fixed assets | 28 | €1,245,000 | €1,245,000 | = | 0.0% |
| Current assets | 29/58 | €140,869 | €889,644 | +€748,775 | +531.5% |
| Amounts receivable within one year | 40/41 | €111,412 | €857,562 | +€746,150 | +669.7% |
| Trade receivables | 40 | - | €23,232 | +€23,232 | |
| Other amounts receivable | 41 | €111,412 | €834,330 | +€722,918 | +648.9% |
| Cash at bank and in hand | 54/58 | €29,457 | €32,082 | +€2,625 | +8.9% |
| Total equity and liabilities | 10/49 | €1,534,784 | €2,279,722 | +€744,937 | +48.5% |
| Equity | 10/15 | €500,561 | €709,996 | +€209,435 | +41.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €437,266 | €437,266 | = | 0.0% |
| Distributable reserves | 133 | €437,266 | €437,266 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,295 | €247,730 | +€209,435 | +546.9% |
| Amounts payable | 17/49 | €1,034,223 | €1,569,725 | +€535,502 | +51.8% |
| Amounts payable after more than one year | 17 | €957,534 | €1,308,173 | +€350,639 | +36.6% |
| Financial debts | 170/4 | €957,534 | €1,308,173 | +€350,639 | +36.6% |
| Amounts payable within one year | 42/48 | €76,689 | €261,552 | +€184,863 | +241.1% |
| Current portion of amounts payable after more than one year | 42 | €65,113 | €67,071 | +€1,958 | +3.0% |
| Trade debts | 44 | - | €3,146 | +€3,146 | |
| Suppliers | 440/4 | - | €3,146 | +€3,146 | |
| Taxes, remuneration and social security | 45 | €11,576 | €23,338 | +€11,762 | +101.6% |
| Taxes | 450/3 | €11,576 | €23,338 | +€11,762 | +101.6% |
| Other amounts payable | 47/48 | - | €167,997 | +€167,997 | |
| Non-recurring operating income | 76A | €5,559 | - | -€5,559 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,837 | €3,837 | = | 0.0% |
| Other operating charges | 640/8 | €99,197 | - | -€99,197 | |
| Non-recurring operating charges | 66A | €114,077 | - | -€114,077 | |
| Gross operating margin | 9900 | €246,898 | €258,469 | +€11,570 | +4.7% |
| Operating profit (loss) | 9901 | €29,786 | €254,632 | +€224,845 | +754.9% |
| Financial income | 75/76B | €42,000 | €1,647,451 | +€1.6m | +3822.5% |
| Recurring financial income | 75 | €42,000 | €1,647,451 | +€1.6m | +3822.5% |
| Financial charges | 65/66B | €43,640 | €38,855 | -€4,784 | -11.0% |
| Recurring financial charges | 65 | €43,640 | €38,855 | -€4,784 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | €28,147 | €1,863,227 | +€1.8m | +6519.7% |
| Income taxes | 67/77 | -€10,148 | €53,792 | +€63,940 | |
| Profit (loss) for the period | 9904 | €38,295 | €1,809,435 | +€1.8m | +4625.0% |
| Profit (loss) for the period to be appropriated | 9905 | €38,295 | €1,809,435 | +€1.8m | +4625.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.