V&L DeliBrands: 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.
V&L DeliBrands
Largest movements
- Tangible fixed assets +€18,674
up €18,674 (+1,996%), from €935 to €19,609
- Cash +€13,522
up €13,522 (+270%), from €5,000 to €18,521
mainly Net result for the year (+€37,971) and Trade debts (+€8,462)
- Receivables within one year +€6,556
up €6,556 (+68.3%), from €9,594 to €16,150
of which Trade receivables: +€4,368
- Deferred charges and accrued income -€1,187
down €1,187 (-66.1%), from €1,796 to €610
- Profit (loss) carried forward +€37,971
up €37,971 (+71.3%), from -€53,257 to -€15,286
- Trade debts +€8,462
up €8,462 (+40.4%), from €20,947 to €29,410
- Other debts -€6,000
down €6,000 (-15.5%), from €38,623 to €32,623
- Tax, wage and social debts -€2,868
down €2,868 (-97.2%), from €2,951 to €83
of which Taxes: -€1,448
- Gross operating margin +€30,479
up €30,479 (+356%), from €8,552 to €39,032
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 | €17,325 | €54,890 | +€37,565 | +217% |
| Fixed assets | 21/28 | €935 | €19,609 | +€18,674 | +1,996% |
| Tangible fixed assets | 22/27 | €935 | €19,609 | +€18,674 | +1,996% |
| Furniture and vehicles | 24 | €935 | €19,609 | +€18,674 | +1,996% |
| Current assets | 29/58 | €16,390 | €35,281 | +€18,891 | +115% |
| Amounts receivable within one year | 40/41 | €9,594 | €16,150 | +€6,556 | +68.3% |
| Trade receivables | 40 | €8,874 | €13,242 | +€4,368 | +49.2% |
| Other amounts receivable | 41 | €719 | €2,908 | +€2,188 | +304% |
| Cash at bank and in hand | 54/58 | €5,000 | €18,521 | +€13,522 | +270% |
| Deferred charges and accrued income | 490/1 | €1,796 | €610 | -€1,187 | -66.1% |
| Total equity and liabilities | 10/49 | €17,325 | €54,890 | +€37,565 | +217% |
| Equity | 10/15 | -€45,197 | -€7,226 | +€37,971 | +84.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,257 | -€15,286 | +€37,971 | +71.3% |
| Amounts payable | 17/49 | €62,522 | €62,116 | -€406 | -0.6% |
| Amounts payable within one year | 42/48 | €62,522 | €62,116 | -€406 | -0.6% |
| Trade debts | 44 | €20,947 | €29,410 | +€8,462 | +40.4% |
| Suppliers | 440/4 | €20,947 | €29,410 | +€8,462 | +40.4% |
| Taxes, remuneration and social security | 45 | €2,951 | €83 | -€2,868 | -97.2% |
| Taxes | 450/3 | €1,532 | €83 | -€1,448 | -94.6% |
| Remuneration and social security | 454/9 | €1,420 | €0 | -€1,420 | -100% |
| Other amounts payable | 47/48 | €38,623 | €32,623 | -€6,000 | -15.5% |
| Non-recurring operating income | 76A | - | €3,119 | +€3,119 | |
| Remuneration, social security and pensions | 62 | €276 | €0 | -€276 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €248 | €326 | +€78 | +31.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €558 | €578 | +€19 | +3.5% |
| Non-recurring operating charges | 66A | €4,554 | €0 | -€4,554 | -100% |
| Gross operating margin | 9900 | €8,552 | €39,032 | +€30,479 | +356% |
| Operating profit (loss) | 9901 | €2,916 | €38,128 | +€35,212 | +1,207% |
| Financial income | 75/76B | €1 | €33 | +€33 | +5,375% |
| Recurring financial income | 75 | €1 | €33 | +€33 | +5,375% |
| Financial charges | 65/66B | €273 | €97 | -€175 | -64.4% |
| Recurring financial charges | 65 | €273 | €97 | -€175 | -64.4% |
| Profit (loss) for the period before taxes | 9903 | €2,644 | €38,064 | +€35,420 | +1,339% |
| Income taxes | 67/77 | €140 | €93 | -€46 | -33.2% |
| Profit (loss) for the period | 9904 | €2,505 | €37,971 | +€35,466 | +1,416% |
| Profit (loss) for the period to be appropriated | 9905 | €2,505 | €37,971 | +€35,466 | +1,416% |
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 30 October 2026 via checked.be.