VILADCO: 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.
VILADCO
Largest movements
- Receivables within one year -€34,968
down €34,968 (-22.8%), from €153,570 to €118,602
of which Trade receivables: -€81,315
- Deferred charges and accrued income +€18,666
up €18,666 (+2,172%), from €860 to €19,526
- Cash -€5,407
down €5,407 (-31.1%), from €17,395 to €11,988
mainly Accrued charges and deferred income (-€41,718) and Net result for the year (-€20,434)
- Stocks and contracts -€3,799
down €3,799 (-4.7%), from €81,424 to €77,625
- Tangible fixed assets -€3,258
down €3,258 (-25.1%), from €12,989 to €9,731
of which Furniture and vehicles: -€2,023
- Trade debts +€76,019
up €76,019 (+222%), from €34,208 to €110,228
- Accrued charges and deferred income -€41,718
down €41,718 (-99.3%), from €42,016 to €297
- Reserves -€20,434
down €20,434 (-22.2%), from €92,003 to €71,569
- Debts after one year -€20,320
down €20,320 (-48.8%), from €41,672 to €21,352
- Tax, wage and social debts -€19,024
down €19,024 (-81.7%), from €23,287 to €4,264
of which Taxes: -€19,024
- Gross operating margin -€81,596
down €81,596, from €64,912 to -€16,684
- Taxes -€15,445
down €15,445 (-100%), from €15,445 to €0
- Financial income +€3,469
up €3,469 (+198%), from €1,755 to €5,225
- Other operating charges +€1,232
up €1,232 (+56.7%), from €2,172 to €3,404
- Write-downs -€1,208
down €1,208 (-100%), from €1,208 to €0
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 | €270,076 | €240,430 | -€29,646 | -11.0% |
| Fixed assets | 21/28 | €16,828 | €12,689 | -€4,138 | -24.6% |
| Intangible fixed assets | 21 | €3,839 | €2,959 | -€880 | -22.9% |
| Tangible fixed assets | 22/27 | €12,989 | €9,731 | -€3,258 | -25.1% |
| Plant, machinery and equipment | 23 | €6,150 | €4,915 | -€1,235 | -20.1% |
| Furniture and vehicles | 24 | €6,839 | €4,815 | -€2,023 | -29.6% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €253,249 | €227,741 | -€25,508 | -10.1% |
| Stocks and contracts in progress | 3 | €81,424 | €77,625 | -€3,799 | -4.7% |
| Stocks | 30/36 | €81,424 | €77,625 | -€3,799 | -4.7% |
| Amounts receivable within one year | 40/41 | €153,570 | €118,602 | -€34,968 | -22.8% |
| Trade receivables | 40 | €109,096 | €27,781 | -€81,315 | -74.5% |
| Other amounts receivable | 41 | €44,474 | €90,820 | +€46,347 | +104% |
| Cash at bank and in hand | 54/58 | €17,395 | €11,988 | -€5,407 | -31.1% |
| Deferred charges and accrued income | 490/1 | €860 | €19,526 | +€18,666 | +2,172% |
| Total equity and liabilities | 10/49 | €270,076 | €240,430 | -€29,646 | -11.0% |
| Equity | 10/15 | €104,403 | €83,969 | -€20,434 | -19.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €92,003 | €71,569 | -€20,434 | -22.2% |
| Distributable reserves | 133 | €92,003 | €71,569 | -€20,434 | -22.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €165,673 | €156,461 | -€9,212 | -5.6% |
| Amounts payable after more than one year | 17 | €41,672 | €21,352 | -€20,320 | -48.8% |
| Financial debts | 170/4 | €41,672 | €21,352 | -€20,320 | -48.8% |
| Amounts payable within one year | 42/48 | €81,985 | €134,812 | +€52,827 | +64.4% |
| Current portion of amounts payable after more than one year | 42 | €24,489 | €20,320 | -€4,169 | -17.0% |
| Trade debts | 44 | €34,208 | €110,228 | +€76,019 | +222% |
| Suppliers | 440/4 | €34,208 | €110,228 | +€76,019 | +222% |
| Taxes, remuneration and social security | 45 | €23,287 | €4,264 | -€19,024 | -81.7% |
| Taxes | 450/3 | €23,287 | €4,264 | -€19,024 | -81.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €42,016 | €297 | -€41,718 | -99.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,208 | €4,138 | +€930 | +29.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,208 | €0 | -€1,208 | -100% |
| Other operating charges | 640/8 | €2,172 | €3,404 | +€1,232 | +56.7% |
| Gross operating margin | 9900 | €64,912 | -€16,684 | -€81,596 | |
| Operating profit (loss) | 9901 | €58,323 | -€24,227 | -€82,550 | |
| Financial income | 75/76B | €1,755 | €5,225 | +€3,469 | +198% |
| Recurring financial income | 75 | €1,755 | €5,225 | +€3,469 | +198% |
| Financial charges | 65/66B | €1,530 | €1,432 | -€98 | -6.4% |
| Recurring financial charges | 65 | €1,530 | €1,432 | -€98 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | €58,549 | -€20,434 | -€78,983 | |
| Income taxes | 67/77 | €15,445 | €0 | -€15,445 | -100% |
| Profit (loss) for the period | 9904 | €43,103 | -€20,434 | -€63,538 | |
| Profit (loss) for the period to be appropriated | 9905 | €43,103 | -€20,434 | -€63,538 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.