Vilanova: 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.
Vilanova
Largest movements
- Current investments -€750,000
no longer reported in 2025 (was €750,000)
- Receivables after one year +€617,832
up €617,832 (+2020.4%), from €30,580 to €648,412
- Cash +€210,839
up €210,839 (+40.2%), from €524,250 to €735,089
mainly Current investments (+€750,000) and Other debts (+€506,692)
- Other debts +€506,692
new in 2025: €506,692
- Debts after one year -€239,227
down €239,227 (-94.5%), from €253,087 to €13,860
- Reserves -€203,004
down €203,004 (-16.8%), from €1.2m to €1.0m
of which Distributable reserves: -€203,004
- Provisions -€37,510
no longer reported in 2025 (was €37,510)
- Financial income +€241,049
up €241,049 (+860.5%), from €28,014 to €269,063
- Gross operating margin -€194,969
down €194,969 (-60.2%), from €323,854 to €128,885
- Provisions -€75,020
down €75,020, from €37,510 to -€37,510
- Taxes -€19,073
down €19,073 (-22.8%), from €83,750 to €64,677
- Financial charges -€12,761
down €12,761 (-27.0%), from €47,220 to €34,458
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 | €2,757,941 | €2,809,537 | +€51,596 | +1.9% |
| Fixed assets | 21/28 | €305,000 | €317,500 | +€12,500 | +4.1% |
| Financial fixed assets | 28 | €305,000 | €317,500 | +€12,500 | +4.1% |
| Current assets | 29/58 | €2,452,941 | €2,492,037 | +€39,096 | +1.6% |
| Amounts receivable after more than one year | 29 | €30,580 | €648,412 | +€617,832 | +2020.4% |
| Other amounts receivable | 291 | €30,580 | €648,412 | +€617,832 | +2020.4% |
| Stocks and contracts in progress | 3 | €1,111,049 | €1,089,530 | -€21,520 | -1.9% |
| Stocks | 30/36 | €1,111,049 | €1,089,530 | -€21,520 | -1.9% |
| Amounts receivable within one year | 40/41 | €35,557 | €17,494 | -€18,063 | -50.8% |
| Trade receivables | 40 | - | €3,620 | +€3,620 | |
| Other amounts receivable | 41 | €35,557 | €13,874 | -€21,684 | -61.0% |
| Current investments | 50/53 | €750,000 | - | -€750,000 | |
| Cash at bank and in hand | 54/58 | €524,250 | €735,089 | +€210,839 | +40.2% |
| Deferred charges and accrued income | 490/1 | €1,505 | €1,512 | +€7 | +0.4% |
| Total equity and liabilities | 10/49 | €2,757,941 | €2,809,537 | +€51,596 | +1.9% |
| Equity | 10/15 | €1,766,781 | €1,563,776 | -€203,004 | -11.5% |
| Contributions | 10/11 | €558,447 | €558,447 | = | 0.0% |
| Capital | 10 | €558,447 | €558,447 | = | 0.0% |
| Issued capital | 100 | €558,447 | €558,447 | = | 0.0% |
| Reserves | 13 | €1,208,334 | €1,005,329 | -€203,004 | -16.8% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Legal reserve | 130 | €3,099 | €3,099 | = | 0.0% |
| Distributable reserves | 133 | €1,205,235 | €1,002,231 | -€203,004 | -16.8% |
| Provisions and deferred taxes | 16 | €37,510 | - | -€37,510 | |
| Provisions for liabilities and charges | 160/5 | €37,510 | - | -€37,510 | |
| Other liabilities and charges | 164/5 | €37,510 | - | -€37,510 | |
| Amounts payable | 17/49 | €953,651 | €1,245,761 | +€292,109 | +30.6% |
| Amounts payable after more than one year | 17 | €253,087 | €13,860 | -€239,227 | -94.5% |
| Other amounts payable | 178/9 | €253,087 | €13,860 | -€239,227 | -94.5% |
| Amounts payable within one year | 42/48 | €700,564 | €1,230,018 | +€529,454 | +75.6% |
| Financial debts | 43 | €700,000 | €700,000 | = | 0.0% |
| Credit institutions | 430/8 | €700,000 | €700,000 | = | 0.0% |
| Trade debts | 44 | €564 | €7,141 | +€6,577 | +1166.7% |
| Suppliers | 440/4 | €564 | €7,141 | +€6,577 | +1166.7% |
| Taxes, remuneration and social security | 45 | - | €16,185 | +€16,185 | |
| Taxes | 450/3 | - | €16,185 | +€16,185 | |
| Other amounts payable | 47/48 | - | €506,692 | +€506,692 | |
| Accrued charges and deferred income | 492/3 | - | €1,882 | +€1,882 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €37,510 | -€37,510 | -€75,020 | |
| Other operating charges | 640/8 | €3,925 | €16,450 | +€12,525 | +319.1% |
| Gross operating margin | 9900 | €323,854 | €128,885 | -€194,969 | -60.2% |
| Operating profit (loss) | 9901 | €282,420 | €149,945 | -€132,474 | -46.9% |
| Financial income | 75/76B | €28,014 | €269,063 | +€241,049 | +860.5% |
| Recurring financial income | 75 | €28,014 | €269,063 | +€241,049 | +860.5% |
| Financial charges | 65/66B | €47,220 | €34,458 | -€12,761 | -27.0% |
| Recurring financial charges | 65 | €47,220 | €34,458 | -€12,761 | -27.0% |
| Profit (loss) for the period before taxes | 9903 | €263,214 | €384,550 | +€121,336 | +46.1% |
| Income taxes | 67/77 | €83,750 | €64,677 | -€19,073 | -22.8% |
| Profit (loss) for the period | 9904 | €179,464 | €319,873 | +€140,409 | +78.2% |
| Profit (loss) for the period to be appropriated | 9905 | €179,464 | €319,873 | +€140,409 | +78.2% |
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 11 October 2026 via checked.be.