V&L INOVATION: what changed
V&L INOVATION
Largest movements
- Deferred charges and accrued income -€32,000
down €32,000 (-100%), from €32,000 to €0
- Receivables within one year +€31,564
up €31,564 (+31.2%), from €101,320 to €132,884
of which Other amounts receivable: +€28,735
- Cash -€7,187
down €7,187 (-20.8%), from €34,594 to €27,407
mainly Receivables within one year (-€31,564) and Investment in fixed assets (net) (-€12,136)
- Tax, wage and social debts -€5,824
down €5,824 (-64.9%), from €8,971 to €3,147
- Profit (loss) carried forward -€3,240
down €3,240 (-3.5%), from €92,162 to €88,922
- Purchases and services +€148,874
up €148,874 (+85.9%), from €173,215 to €322,089
- Turnover +€87,744
up €87,744 (+36.4%), from €241,189 to €328,933
- Gross operating margin -€51,850
down €51,850 (-76.3%), from €67,973 to €16,123
- Depreciation +€4,678
up €4,678 (+79.9%), from €5,857 to €10,535
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €172,457 | €166,434 | -€6,023 | -3.5% |
| Fixed assets | 21/28 | €4,543 | €6,143 | +€1,600 | +35.2% |
| Tangible fixed assets | 22/27 | €4,468 | €6,068 | +€1,600 | +35.8% |
| Furniture and vehicles | 24 | €4,468 | €6,068 | +€1,600 | +35.8% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €167,914 | €160,291 | -€7,623 | -4.5% |
| Amounts receivable within one year | 40/41 | €101,320 | €132,884 | +€31,564 | +31.2% |
| Trade receivables | 40 | €68,706 | €71,535 | +€2,829 | +4.1% |
| Other amounts receivable | 41 | €32,614 | €61,349 | +€28,735 | +88.1% |
| Cash at bank and in hand | 54/58 | €34,594 | €27,407 | -€7,187 | -20.8% |
| Deferred charges and accrued income | 490/1 | €32,000 | €0 | -€32,000 | -100% |
| Total equity and liabilities | 10/49 | €172,457 | €166,434 | -€6,023 | -3.5% |
| Equity | 10/15 | €112,622 | €109,382 | -€3,240 | -2.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 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 | €92,162 | €88,922 | -€3,240 | -3.5% |
| Amounts payable | 17/49 | €59,835 | €57,052 | -€2,783 | -4.7% |
| Amounts payable within one year | 42/48 | €59,835 | €57,052 | -€2,783 | -4.7% |
| Financial debts | 43 | - | €1,648 | +€1,648 | |
| Credit institutions | 430/8 | - | €1,648 | +€1,648 | |
| Trade debts | 44 | €50,863 | €52,257 | +€1,393 | +2.7% |
| Suppliers | 440/4 | €1,222 | €52,257 | +€51,034 | +4,175% |
| Bills of exchange payable | 441 | €49,641 | - | -€49,641 | |
| Taxes, remuneration and social security | 45 | €8,971 | €3,147 | -€5,824 | -64.9% |
| Taxes | 450/3 | €8,971 | €3,147 | -€5,824 | -64.9% |
| Turnover | 70 | €241,189 | €328,933 | +€87,744 | +36.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €173,215 | €322,089 | +€148,874 | +85.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,857 | €10,535 | +€4,678 | +79.9% |
| Other operating charges | 640/8 | €1,375 | - | -€1,375 | |
| Gross operating margin | 9900 | €67,973 | €16,123 | -€51,850 | -76.3% |
| Operating profit (loss) | 9901 | €60,741 | €5,587 | -€55,154 | -90.8% |
| Financial charges | 65/66B | €1,398 | €831 | -€567 | -40.5% |
| Recurring financial charges | 65 | €1,398 | €831 | -€567 | -40.5% |
| Profit (loss) for the period before taxes | 9903 | €59,343 | €4,756 | -€54,587 | -92.0% |
| Income taxes | 67/77 | €8,692 | €7,996 | -€696 | -8.0% |
| Profit (loss) for the period | 9904 | €50,652 | -€3,240 | -€53,892 | |
| Profit (loss) for the period to be appropriated | 9905 | €50,652 | -€3,240 | -€53,892 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.