VIL: 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.
VIL
Largest movements
- Current investments -€2.4m
down €2.4m (-27.5%), from €8.9m to €6.5m
- Cash +€2.0m
up €2.0m (+396.1%), from €495,560 to €2.5m
mainly Current investments (+€2.4m) and Net result for the year (+€195,704)
- Receivables within one year +€176,053
up €176,053 (+6.7%), from €2.6m to €2.8m
of which Other amounts receivable: +€311,552
- Accrued charges and deferred income -€341,628
down €341,628 (-24.8%), from €1.4m to €1.0m
- Profit (loss) carried forward +€336,446
up €336,446 (+3.9%), from €8.6m to €8.9m
- Debts within one year -€153,283
down €153,283 (-10.7%), from €1.4m to €1.3m
- Reserves -€140,742
down €140,742 (-13.2%), from €1.1m to €921,541
- Gross operating margin -€755,944
down €755,944 (-27.2%), from €2.8m to €2.0m
- Purchases and services +€214,892
up €214,892 (+6.1%), from €3.5m to €3.8m
- Turnover -€105,826
down €105,826 (-4.5%), from €2.3m to €2.2m
- Financial income -€35,823
down €35,823 (-26.8%), from €133,599 to €97,776
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 | €12,464,515 | €12,238,383 | -€226,132 | -1.8% |
| Formation expenses | 20 | €24,722 | €12,361 | -€12,361 | -50.0% |
| Fixed assets | 21/28 | €296,623 | €384,359 | +€87,736 | +29.6% |
| Intangible fixed assets | 21 | €12,239 | €34,858 | +€22,619 | +184.8% |
| Tangible fixed assets | 22/27 | €284,384 | €349,501 | +€65,117 | +22.9% |
| Plant, machinery and equipment | 23 | €29,536 | €132,098 | +€102,562 | +347.2% |
| Furniture and vehicles | 24 | €14,484 | €8,564 | -€5,920 | -40.9% |
| Other tangible fixed assets | 26 | €240,364 | €208,839 | -€31,525 | -13.1% |
| Current assets | 29/58 | €12,143,170 | €11,841,663 | -€301,507 | -2.5% |
| Amounts receivable within one year | 40/41 | €2,637,842 | €2,813,895 | +€176,053 | +6.7% |
| Trade receivables | 40 | €1,112,893 | €977,394 | -€135,499 | -12.2% |
| Other amounts receivable | 41 | €1,524,949 | €1,836,501 | +€311,552 | +20.4% |
| Current investments | 50/53 | €8,918,409 | €6,470,176 | -€2.4m | -27.5% |
| Cash at bank and in hand | 54/58 | €495,560 | €2,458,535 | +€2.0m | +396.1% |
| Deferred charges and accrued income | 490/1 | €91,359 | €99,057 | +€7,698 | +8.4% |
| Total equity and liabilities | 10/49 | €12,464,515 | €12,238,383 | -€226,132 | -1.8% |
| Equity | 10/15 | €9,657,973 | €9,926,752 | +€268,779 | +2.8% |
| Reserves | 13 | €1,062,283 | €921,541 | -€140,742 | -13.2% |
| Profit (loss) carried forward | 14 | €8,595,690 | €8,932,136 | +€336,446 | +3.9% |
| Investment grants | 15 | - | €73,075 | +€73,075 | |
| Amounts payable | 17/49 | €2,806,542 | €2,311,631 | -€494,911 | -17.6% |
| Amounts payable within one year | 42/48 | €1,428,163 | €1,274,880 | -€153,283 | -10.7% |
| Current portion of amounts payable after more than one year | 42 | €46,677 | - | -€46,677 | |
| Trade debts | 44 | €1,087,710 | €1,021,173 | -€66,537 | -6.1% |
| Suppliers | 440/4 | €1,087,710 | €1,021,173 | -€66,537 | -6.1% |
| Taxes, remuneration and social security | 45 | €276,395 | €220,517 | -€55,878 | -20.2% |
| Taxes | 450/3 | €88,094 | €36,535 | -€51,559 | -58.5% |
| Remuneration and social security | 454/9 | €188,301 | €183,982 | -€4,319 | -2.3% |
| Accrued charges and deferred income | 492/3 | €1,378,379 | €1,036,751 | -€341,628 | -24.8% |
| Turnover | 70 | €2,348,383 | €2,242,557 | -€105,826 | -4.5% |
| Non-recurring operating income | 76A | €262,912 | - | -€262,912 | |
| Goods, raw materials, services and sundry goods | 60/61 | €3,549,415 | €3,764,307 | +€214,892 | +6.1% |
| Remuneration, social security and pensions | 62 | €1,783,482 | €1,768,134 | -€15,348 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,224 | €72,625 | -€16,599 | -18.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,087 | €4,790 | -€297 | -5.8% |
| Other operating charges | 640/8 | €2,261 | €387 | -€1,874 | -82.9% |
| Non-recurring operating charges | 66A | €4,975 | - | -€4,975 | |
| Gross operating margin | 9900 | €2,780,554 | €2,024,610 | -€755,944 | -27.2% |
| Operating profit (loss) | 9901 | €910,117 | €178,674 | -€731,443 | -80.4% |
| Financial income | 75/76B | €133,599 | €97,776 | -€35,823 | -26.8% |
| Recurring financial income | 75 | €133,599 | €97,776 | -€35,823 | -26.8% |
| Financial charges | 65/66B | €84,119 | €80,746 | -€3,373 | -4.0% |
| Recurring financial charges | 65 | €84,119 | €80,746 | -€3,373 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | €959,597 | €195,704 | -€763,893 | -79.6% |
| Profit (loss) for the period | 9904 | €959,597 | €195,704 | -€763,893 | -79.6% |
| Profit (loss) for the period to be appropriated | 9905 | €959,597 | €195,704 | -€763,893 | -79.6% |
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 3 October 2026 via checked.be.