V.L.K.: 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.K.
Largest movements
- Cash -€8,529
down €8,529 (-89.9%), from €9,492 to €963
mainly Net result for the year (-€8,016) and Stocks and contracts (-€3,588)
- Stocks and contracts +€3,588
up €3,588 (+347%), from €1,035 to €4,623
- Receivables within one year -€1,669
down €1,669 (-13.7%), from €12,219 to €10,549
- Deferred charges and accrued income +€627
new in 2025: €627
- Profit (loss) carried forward -€8,016
down €8,016, from €1,245 to -€6,771
- Trade debts +€1,170
up €1,170 (+1,801%), from €65 to €1,235
- Tax, wage and social debts +€863
up €863 (+47.0%), from €1,835 to €2,698
- Gross operating margin -€12,121
down €12,121, from €3,975 to -€8,146
- Taxes -€1,492
no longer reported in 2025 (was €1,492)
- Other operating charges -€208
down €208 (-28.1%), from €741 to €533
- Financial income +€203
up €203 (+37.4%), from €542 to €745
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 | €22,745 | €16,762 | -€5,983 | -26.3% |
| Current assets | 29/58 | €22,745 | €16,762 | -€5,983 | -26.3% |
| Stocks and contracts in progress | 3 | €1,035 | €4,623 | +€3,588 | +347% |
| Stocks | 30/36 | €1,035 | €4,623 | +€3,588 | +347% |
| Amounts receivable within one year | 40/41 | €12,219 | €10,549 | -€1,669 | -13.7% |
| Other amounts receivable | 41 | €12,219 | €10,549 | -€1,669 | -13.7% |
| Cash at bank and in hand | 54/58 | €9,492 | €963 | -€8,529 | -89.9% |
| Deferred charges and accrued income | 490/1 | - | €627 | +€627 | |
| Total equity and liabilities | 10/49 | €22,745 | €16,762 | -€5,983 | -26.3% |
| Equity | 10/15 | €20,845 | €12,829 | -€8,016 | -38.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,000 | €1,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,000 | €1,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,245 | -€6,771 | -€8,016 | |
| Amounts payable | 17/49 | €1,900 | €3,933 | +€2,033 | +107% |
| Amounts payable within one year | 42/48 | €1,900 | €3,933 | +€2,033 | +107% |
| Trade debts | 44 | €65 | €1,235 | +€1,170 | +1,801% |
| Suppliers | 440/4 | €65 | €1,235 | +€1,170 | +1,801% |
| Taxes, remuneration and social security | 45 | €1,835 | €2,698 | +€863 | +47.0% |
| Taxes | 450/3 | €1,835 | €2,698 | +€863 | +47.0% |
| Other operating charges | 640/8 | €741 | €533 | -€208 | -28.1% |
| Gross operating margin | 9900 | €3,975 | -€8,146 | -€12,121 | |
| Operating profit (loss) | 9901 | €3,234 | -€8,679 | -€11,913 | |
| Financial income | 75/76B | €542 | €745 | +€203 | +37.4% |
| Recurring financial income | 75 | €542 | €745 | +€203 | +37.4% |
| Financial charges | 65/66B | €87 | €82 | -€5 | -6.0% |
| Recurring financial charges | 65 | €87 | €82 | -€5 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | €3,689 | -€8,016 | -€11,705 | |
| Income taxes | 67/77 | €1,492 | - | -€1,492 | |
| Profit (loss) for the period | 9904 | €2,196 | -€8,016 | -€10,212 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,196 | -€8,016 | -€10,212 |
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 14 October 2026 via checked.be.