VILAIN & INGELS: 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.
VILAIN & INGELS
Largest movements
- Tangible fixed assets +€157,777
up €157,777 (+36.6%), from €431,207 to €588,984
of which Land and buildings: +€110,108
- Receivables within one year -€15,067
down €15,067 (-24.7%), from €60,919 to €45,852
of which Other amounts receivable: -€22,462
- Cash -€14,058
down €14,058 (-3.3%), from €424,470 to €410,412
mainly Investment in fixed assets (net) (-€225,706) and Contributions, distributions and other (-€142,857)
- Other debts +€71,861
up €71,861 (+99.8%), from €72,020 to €143,881
- Profit (loss) carried forward +€58,048
up €58,048 (+10.1%), from €572,300 to €630,347
- Gross operating margin +€29,647
up €29,647 (+6.1%), from €482,425 to €512,071
- Depreciation +€20,424
up €20,424 (+43.0%), from €47,505 to €67,929
- Other operating charges +€10,343
up €10,343 (+241%), from €4,299 to €14,643
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 | €919,433 | €1,046,194 | +€126,761 | +13.8% |
| Fixed assets | 21/28 | €431,207 | €588,984 | +€157,777 | +36.6% |
| Tangible fixed assets | 22/27 | €431,207 | €588,984 | +€157,777 | +36.6% |
| Land and buildings | 22 | €372,617 | €482,726 | +€110,108 | +29.5% |
| Plant, machinery and equipment | 23 | €3,699 | €3,383 | -€316 | -8.5% |
| Furniture and vehicles | 24 | €43,259 | €93,747 | +€50,488 | +117% |
| Other tangible fixed assets | 26 | €11,632 | €9,128 | -€2,504 | -21.5% |
| Current assets | 29/58 | €488,226 | €457,210 | -€31,016 | -6.4% |
| Amounts receivable within one year | 40/41 | €60,919 | €45,852 | -€15,067 | -24.7% |
| Trade receivables | 40 | €33,457 | €40,852 | +€7,394 | +22.1% |
| Other amounts receivable | 41 | €27,462 | €5,000 | -€22,462 | -81.8% |
| Cash at bank and in hand | 54/58 | €424,470 | €410,412 | -€14,058 | -3.3% |
| Deferred charges and accrued income | 490/1 | €2,836 | €945 | -€1,891 | -66.7% |
| Total equity and liabilities | 10/49 | €919,433 | €1,046,194 | +€126,761 | +13.8% |
| Equity | 10/15 | €759,105 | €811,269 | +€52,164 | +6.9% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Contributions outside capital | 11 | €20,460 | - | -€20,460 | |
| Share premium | 1100/10 | €20,460 | - | -€20,460 | |
| Reserves | 13 | €166,345 | €160,461 | -€5,884 | -3.5% |
| Tax-exempt reserves | 132 | €166,345 | €160,461 | -€5,884 | -3.5% |
| Profit (loss) carried forward | 14 | €572,300 | €630,347 | +€58,048 | +10.1% |
| Provisions and deferred taxes | 16 | €32,529 | €31,058 | -€1,471 | -4.5% |
| Deferred taxes | 168 | €32,529 | €31,058 | -€1,471 | -4.5% |
| Amounts payable | 17/49 | €127,799 | €203,867 | +€76,068 | +59.5% |
| Amounts payable after more than one year | 17 | €425 | - | -€425 | |
| Financial debts | 170/4 | €425 | - | -€425 | |
| Amounts payable within one year | 42/48 | €122,208 | €198,553 | +€76,345 | +62.5% |
| Current portion of amounts payable after more than one year | 42 | €5,070 | €425 | -€4,645 | -91.6% |
| Trade debts | 44 | €2,403 | €10,404 | +€8,001 | +333% |
| Suppliers | 440/4 | €2,403 | €10,404 | +€8,001 | +333% |
| Taxes, remuneration and social security | 45 | €42,715 | €43,844 | +€1,129 | +2.6% |
| Taxes | 450/3 | €18,897 | €22,411 | +€3,514 | +18.6% |
| Remuneration and social security | 454/9 | €23,818 | €21,433 | -€2,385 | -10.0% |
| Other amounts payable | 47/48 | €72,020 | €143,881 | +€71,861 | +99.8% |
| Accrued charges and deferred income | 492/3 | €5,166 | €5,314 | +€148 | +2.9% |
| Remuneration, social security and pensions | 62 | €177,339 | €177,135 | -€204 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,505 | €67,929 | +€20,424 | +43.0% |
| Other operating charges | 640/8 | €4,299 | €14,643 | +€10,343 | +241% |
| Gross operating margin | 9900 | €482,425 | €512,071 | +€29,647 | +6.1% |
| Operating profit (loss) | 9901 | €253,281 | €252,364 | -€917 | -0.4% |
| Financial income | 75/76B | €3,149 | €4,154 | +€1,006 | +31.9% |
| Recurring financial income | 75 | €3,149 | €4,154 | +€1,006 | +31.9% |
| Financial charges | 65/66B | €2,191 | €561 | -€1,630 | -74.4% |
| Recurring financial charges | 65 | €2,191 | €561 | -€1,630 | -74.4% |
| Profit (loss) for the period before taxes | 9903 | €254,238 | €255,957 | +€1,719 | +0.7% |
| Transfer from deferred taxes | 780 | €1,471 | €1,471 | = | 0.0% |
| Income taxes | 67/77 | €58,729 | €62,407 | +€3,678 | +6.3% |
| Profit (loss) for the period | 9904 | €196,980 | €195,021 | -€1,959 | -1.0% |
| Transfer from tax-exempt reserves | 789 | €5,884 | €5,884 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €202,864 | €200,905 | -€1,959 | -1.0% |
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 31 October 2026 via checked.be.