GROUPE VLAN: 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.
What changed
GROUPE VLAN
NACE 58.130, Publishing activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€30,304
2024 · -€1.2m+€1.2m
Equity
-€2.7m
2024 · -€2.7m+€30,304
Cash
€38,257
2024 · €28,903+€9,354
Balance sheet total
€2.3m
2024 · €2.9m-€658,716
Largest movements
Assets
- Financial fixed assets -€415,128
down €415,128 (-87.2%), from €476,164 to €61,036
of which Affiliated companies: -€405,164
- Receivables within one year -€235,483
down €235,483 (-10.1%), from €2.3m to €2.1m
of which Trade receivables: -€500,067
Equity and liabilities
- Other debts -€1.1m
down €1.1m (-39.2%), from €2.9m to €1.8m
- Tax, wage and social debts +€310,501
up €310,501 (+25.8%), from €1.2m to €1.5m
of which Taxes: +€274,895
- Trade debts +€165,538
up €165,538 (+12.0%), from €1.4m to €1.5m
- Profit (loss) carried forward +€30,304
up €30,304 (+0.4%), from -€7.3m to -€7.2m
Income statement
- Financial charges -€2.2m
down €2.2m (-71.3%), from €3.0m to €867,538
of which Non-recurring financial charges: -€2.1m
- Financial income -€932,549
down €932,549 (-41.5%), from €2.2m to €1.3m
of which Non-recurring financial income: -€814,368
- Goods and materials +€639,367
up €639,367 (+10.7%), from €6.0m to €6.6m
- Turnover +€575,243
up €575,243 (+6.1%), from €9.5m to €10.1m
- Other operating income -€366,127
down €366,127 (-11.5%), from €3.2m to €2.8m
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.
Result 2024
-€1.2m
Turnover
+€575,243
Other operating income
-€366,127
Goods and materials
-€639,367
Services and other goods
-€152,845
Staff costs
+€159,145
Depreciation
+€30,351
Write-downs
+€242,317
Other operating charges
-€237,437
Other operating items
+€389,307
Financial income
-€932,549
Financial charges
+€2.2m
Taxes
+€40
Result 2025
€30,304
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.
From operations
-€387,431
Investment
+€396,785
Financing
€0
Cash 2024
€28,903
From operations (derived)
-€387,431
Net result for the year
+€30,304
Depreciation
+€34,331
Receivables within one year
+€235,483
Deferred charges and accrued income
+€1,471
Trade debts
+€165,538
Tax, wage and social debts
+€310,501
Other debts
-€1.1m
Accrued charges and deferred income
-€24,179
Investment (derived)
+€396,785
Investment in fixed assets (net)
+€396,785
Cash 2025
€38,257
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,913,293 | €2,254,577 | -€658,716 | -22.6% |
| Fixed assets | 21/28 | €529,311 | €98,195 | -€431,116 | -81.4% |
| Intangible fixed assets | 21 | €12,467 | €0 | -€12,467 | -100.0% |
| Tangible fixed assets | 22/27 | €40,679 | €37,159 | -€3,521 | -8.7% |
| Land and buildings | 22 | €572 | €572 | = | 0.0% |
| Plant, machinery and equipment | 23 | €17,348 | €7,729 | -€9,619 | -55.4% |
| Furniture and vehicles | 24 | €6,730 | €19,664 | +€12,934 | +192.2% |
| Other tangible fixed assets | 26 | €13,671 | €6,835 | -€6,835 | -50.0% |
| Assets under construction and advance payments | 27 | €2,358 | €2,358 | = | 0.0% |
| Financial fixed assets | 28 | €476,164 | €61,036 | -€415,128 | -87.2% |
| Affiliated companies | 280/1 | €455,164 | €50,000 | -€405,164 | -89.0% |
| Participating interests | 280 | €455,164 | €50,000 | -€405,164 | -89.0% |
| Amounts receivable | 281 | €0 | €0 | = | |
| Other financial fixed assets | 284/8 | €21,000 | €11,036 | -€9,964 | -47.4% |
| Shares | 284 | €300 | €300 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €20,700 | €10,736 | -€9,964 | -48.1% |
| Current assets | 29/58 | €2,383,982 | €2,156,382 | -€227,600 | -9.5% |
| Stocks and contracts in progress | 3 | €5,253 | €5,253 | = | 0.0% |
| Stocks | 30/36 | €5,253 | €5,253 | = | 0.0% |
| Property held for sale | 35 | €5,253 | €5,253 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,341,044 | €2,105,561 | -€235,483 | -10.1% |
| Trade receivables | 40 | €2,160,982 | €1,660,915 | -€500,067 | -23.1% |
| Other amounts receivable | 41 | €180,062 | €444,646 | +€264,584 | +146.9% |
| Cash at bank and in hand | 54/58 | €28,903 | €38,257 | +€9,354 | +32.4% |
| Deferred charges and accrued income | 490/1 | €8,782 | €7,312 | -€1,471 | -16.7% |
| Total equity and liabilities | 10/49 | €2,913,293 | €2,254,577 | -€658,716 | -22.6% |
| Equity | 10/15 | -€2,711,284 | -€2,680,980 | +€30,304 | +1.1% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €4,503,277 | €4,503,277 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,094 | €1,094 | = | 0.0% |
| Legal reserve | 130 | €1,094 | €1,094 | = | 0.0% |
| Distributable reserves | 133 | €4,502,183 | €4,502,183 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,276,061 | -€7,245,756 | +€30,304 | +0.4% |
| Amounts payable | 17/49 | €5,624,577 | €4,935,557 | -€689,020 | -12.3% |
| Amounts payable within one year | 42/48 | €5,493,217 | €4,828,376 | -€664,841 | -12.1% |
| Trade debts | 44 | €1,381,104 | €1,546,642 | +€165,538 | +12.0% |
| Suppliers | 440/4 | €1,381,104 | €1,546,642 | +€165,538 | +12.0% |
| Taxes, remuneration and social security | 45 | €1,205,090 | €1,515,591 | +€310,501 | +25.8% |
| Taxes | 450/3 | €872,133 | €1,147,027 | +€274,895 | +31.5% |
| Remuneration and social security | 454/9 | €332,957 | €368,564 | +€35,606 | +10.7% |
| Other amounts payable | 47/48 | €2,907,023 | €1,766,143 | -€1.1m | -39.2% |
| Accrued charges and deferred income | 492/3 | €131,360 | €107,181 | -€24,179 | -18.4% |
| Operating income | 70/76A | €12,985,885 | €13,536,682 | +€550,797 | +4.2% |
| Turnover | 70 | €9,476,760 | €10,052,003 | +€575,243 | +6.1% |
| Other operating income | 74 | €3,174,125 | €2,807,997 | -€366,127 | -11.5% |
| Non-recurring operating income | 76A | €335,001 | €676,682 | +€341,681 | +102.0% |
| Operating charges | 60/66A | €13,397,820 | €13,948,031 | +€550,211 | +4.1% |
| Goods for resale, raw materials and consumables | 60 | €5,963,031 | €6,602,398 | +€639,367 | +10.7% |
| Purchases | 600/8 | €5,963,031 | €6,602,398 | +€639,367 | +10.7% |
| Services and other goods | 61 | €4,166,564 | €4,319,408 | +€152,845 | +3.7% |
| Remuneration, social security and pensions | 62 | €2,723,574 | €2,564,429 | -€159,145 | -5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,682 | €34,331 | -€30,351 | -46.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€44,981 | -€287,298 | -€242,317 | -538.7% |
| Other operating charges | 640/8 | €375,418 | €612,855 | +€237,437 | +63.2% |
| Non-recurring operating charges | 66A | €149,532 | €101,907 | -€47,625 | -31.8% |
| Operating profit (loss) | 9901 | -€411,935 | -€411,348 | +€586 | +0.1% |
| Financial income | 75/76B | €2,246,677 | €1,314,128 | -€932,549 | -41.5% |
| Recurring financial income | 75 | €131,025 | €12,844 | -€118,180 | -90.2% |
| Income from financial fixed assets | 750 | - | €425 | +€425 | |
| Income from current assets | 751 | €34 | €49 | +€15 | +44.8% |
| Other financial income | 752/9 | €130,991 | €12,371 | -€118,620 | -90.6% |
| Non-recurring financial income | 76B | €2,115,652 | €1,301,284 | -€814,368 | -38.5% |
| Financial charges | 65/66B | €3,019,433 | €867,538 | -€2.2m | -71.3% |
| Recurring financial charges | 65 | €145,984 | €135,903 | -€10,081 | -6.9% |
| Debt charges | 650 | €137,768 | €123,999 | -€13,769 | -10.0% |
| Other financial charges | 652/9 | €8,217 | €11,904 | +€3,688 | +44.9% |
| Non-recurring financial charges | 66B | €2,873,449 | €731,635 | -€2.1m | -74.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,184,691 | €35,241 | +€1.2m | |
| Income taxes | 67/77 | €4,977 | €4,937 | -€40 | -0.8% |
| Taxes | 670/3 | €5,165 | €5,007 | -€158 | -3.1% |
| Tax adjustments and reversals of tax provisions | 77 | €189 | €70 | -€118 | -62.7% |
| Profit (loss) for the period | 9904 | -€1,189,668 | €30,304 | +€1.2m | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,189,668 | €30,304 | +€1.2m |
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 7 October 2026 via checked.be.