V-LANS: 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.
V-LANS
Largest movements
- Cash -€4,866
down €4,866 (-40.7%), from €11,969 to €7,103
mainly Contributions, distributions and other (-€14,634) and Debts after one year (-€4,807)
- Tangible fixed assets -€3,466
down €3,466 (-2.7%), from €129,532 to €126,066
of which Land and buildings: -€3,053
- Receivables within one year +€2,892
up €2,892 (+11.0%), from €26,242 to €29,133
- Other debts +€10,209
up €10,209 (+864.8%), from €1,180 to €11,389
- Profit (loss) carried forward -€9,426
down €9,426 (-18.2%), from €51,750 to €42,325
- Debts after one year -€4,807
down €4,807 (-5.5%), from €87,917 to €83,110
- Tax, wage and social debts -€2,828
down €2,828 (-24.1%), from €11,710 to €8,883
- Gross operating margin -€7,214
down €7,214 (-28.9%), from €24,954 to €17,741
- Financial charges +€3,281
up €3,281 (+149.1%), from €2,201 to €5,482
- Taxes -€1,816
down €1,816 (-51.7%), from €3,513 to €1,696
- Depreciation +€1,125
up €1,125 (+31.9%), from €3,523 to €4,648
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €168,105 | €162,665 | -€5,440 | -3.2% |
| Fixed assets | 21/28 | €129,895 | €126,429 | -€3,466 | -2.7% |
| Tangible fixed assets | 22/27 | €129,532 | €126,066 | -€3,466 | -2.7% |
| Land and buildings | 22 | €125,862 | €122,809 | -€3,053 | -2.4% |
| Furniture and vehicles | 24 | €3,670 | €3,257 | -€413 | -11.3% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €38,211 | €36,236 | -€1,974 | -5.2% |
| Amounts receivable within one year | 40/41 | €26,242 | €29,133 | +€2,892 | +11.0% |
| Trade receivables | 40 | €26,242 | €29,133 | +€2,892 | +11.0% |
| Cash at bank and in hand | 54/58 | €11,969 | €7,103 | -€4,866 | -40.7% |
| Total equity and liabilities | 10/49 | €168,105 | €162,665 | -€5,440 | -3.2% |
| Equity | 10/15 | €52,750 | €43,325 | -€9,426 | -17.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,750 | €42,325 | -€9,426 | -18.2% |
| Amounts payable | 17/49 | €115,355 | €119,341 | +€3,986 | +3.5% |
| Amounts payable after more than one year | 17 | €87,917 | €83,110 | -€4,807 | -5.5% |
| Financial debts | 170/4 | €87,917 | €83,110 | -€4,807 | -5.5% |
| Amounts payable within one year | 42/48 | €27,437 | €36,231 | +€8,793 | +32.0% |
| Current portion of amounts payable after more than one year | 42 | €5,008 | €5,234 | +€226 | +4.5% |
| Trade debts | 44 | €9,538 | €10,725 | +€1,186 | +12.4% |
| Suppliers | 440/4 | €9,538 | €10,725 | +€1,186 | +12.4% |
| Taxes, remuneration and social security | 45 | €11,710 | €8,883 | -€2,828 | -24.1% |
| Taxes | 450/3 | €11,710 | €8,883 | -€2,828 | -24.1% |
| Other amounts payable | 47/48 | €1,180 | €11,389 | +€10,209 | +864.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,523 | €4,648 | +€1,125 | +31.9% |
| Other operating charges | 640/8 | €570 | €760 | +€190 | +33.3% |
| Gross operating margin | 9900 | €24,954 | €17,741 | -€7,214 | -28.9% |
| Operating profit (loss) | 9901 | €20,861 | €12,333 | -€8,528 | -40.9% |
| Financial income | 75/76B | - | €54 | +€54 | |
| Recurring financial income | 75 | - | €54 | +€54 | |
| Financial charges | 65/66B | €2,201 | €5,482 | +€3,281 | +149.1% |
| Recurring financial charges | 65 | €2,201 | €5,482 | +€3,281 | +149.1% |
| Profit (loss) for the period before taxes | 9903 | €18,661 | €6,905 | -€11,756 | -63.0% |
| Income taxes | 67/77 | €3,513 | €1,696 | -€1,816 | -51.7% |
| Profit (loss) for the period | 9904 | €15,148 | €5,209 | -€9,939 | -65.6% |
| Profit (loss) for the period to be appropriated | 9905 | €15,148 | €5,209 | -€9,939 | -65.6% |
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 4 October 2026 via checked.be.