VLOEBERGHS: 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.
VLOEBERGHS
Largest movements
- Receivables within one year -€17,868
down €17,868 (-14.0%), from €127,326 to €109,457
of which Other amounts receivable: -€13,000
- Cash -€11,419
down €11,419 (-55.1%), from €20,734 to €9,315
mainly Other debts (-€16,500) and Net result for the year (-€10,713)
- Other debts -€16,500
no longer reported in 2026 (was €16,500)
- Profit (loss) carried forward -€10,713
down €10,713 (-21.9%), from €48,933 to €38,220
- Tax, wage and social debts -€8,144
down €8,144 (-83.0%), from €9,807 to €1,663
of which Taxes: -€5,534
- Short-term financial debts +€4,782
new in 2026: €4,782
- Debts after one year -€3,234
down €3,234 (-8.9%), from €36,491 to €33,257
- Gross operating margin -€27,823
down €27,823, from €22,301 to -€5,522
- Taxes -€4,403
no longer reported in 2026 (was €4,403)
- Other operating charges -€339
down €339 (-26.8%), from €1,264 to €924
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.
Derived cash bridge
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 | €159,032 | €127,383 | -€31,649 | -19.9% |
| Fixed assets | 21/28 | €7,703 | €6,850 | -€853 | -11.1% |
| Tangible fixed assets | 22/27 | €7,568 | €6,715 | -€853 | -11.3% |
| Plant, machinery and equipment | 23 | €7,568 | €6,715 | -€853 | -11.3% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €151,329 | €120,533 | -€30,796 | -20.4% |
| Amounts receivable within one year | 40/41 | €127,326 | €109,457 | -€17,868 | -14.0% |
| Trade receivables | 40 | €18,223 | €13,354 | -€4,869 | -26.7% |
| Other amounts receivable | 41 | €109,103 | €96,103 | -€13,000 | -11.9% |
| Cash at bank and in hand | 54/58 | €20,734 | €9,315 | -€11,419 | -55.1% |
| Deferred charges and accrued income | 490/1 | €3,269 | €1,760 | -€1,509 | -46.2% |
| Total equity and liabilities | 10/49 | €159,032 | €127,383 | -€31,649 | -19.9% |
| Equity | 10/15 | €68,533 | €57,820 | -€10,713 | -15.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,000 | €1,000 | = | 0.0% |
| Distributable reserves | 133 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,933 | €38,220 | -€10,713 | -21.9% |
| Amounts payable | 17/49 | €90,499 | €69,563 | -€20,936 | -23.1% |
| Amounts payable after more than one year | 17 | €36,491 | €33,257 | -€3,234 | -8.9% |
| Financial debts | 170/4 | €36,491 | €33,257 | -€3,234 | -8.9% |
| Amounts payable within one year | 42/48 | €54,008 | €36,305 | -€17,702 | -32.8% |
| Current portion of amounts payable after more than one year | 42 | €16,528 | €18,359 | +€1,831 | +11.1% |
| Financial debts | 43 | - | €4,782 | +€4,782 | |
| Credit institutions | 430/8 | - | €4,782 | +€4,782 | |
| Trade debts | 44 | €11,173 | €11,502 | +€329 | +2.9% |
| Suppliers | 440/4 | €11,173 | €11,502 | +€329 | +2.9% |
| Taxes, remuneration and social security | 45 | €9,807 | €1,663 | -€8,144 | -83.0% |
| Taxes | 450/3 | €7,196 | €1,663 | -€5,534 | -76.9% |
| Remuneration and social security | 454/9 | €2,610 | - | -€2,610 | |
| Other amounts payable | 47/48 | €16,500 | - | -€16,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €853 | €853 | = | 0.0% |
| Other operating charges | 640/8 | €1,264 | €924 | -€339 | -26.8% |
| Gross operating margin | 9900 | €22,301 | -€5,522 | -€27,823 | |
| Operating profit (loss) | 9901 | €20,184 | -€7,299 | -€27,484 | |
| Financial charges | 65/66B | €3,586 | €3,414 | -€172 | -4.8% |
| Recurring financial charges | 65 | €3,586 | €3,414 | -€172 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | €16,598 | -€10,713 | -€27,311 | |
| Income taxes | 67/77 | €4,403 | - | -€4,403 | |
| Profit (loss) for the period | 9904 | €12,195 | -€10,713 | -€22,908 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,195 | -€10,713 | -€22,908 |
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 26 October 2026 via checked.be.