VILARBEL: 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.
VILARBEL
Largest movements
- Receivables within one year -€111,828
down €111,828 (-57.8%), from €193,604 to €81,777
of which Trade receivables: -€110,483
- Cash +€88,402
up €88,402 (+166%), from €53,383 to €141,785
mainly Receivables within one year (+€111,828) and Net result for the year (+€65,515)
- Tangible fixed assets -€4,469
down €4,469 (-39.2%), from €11,392 to €6,923
of which Leasing and similar rights: -€2,374
- Trade debts -€74,581
down €74,581 (-64.8%), from €115,131 to €40,550
- Profit (loss) carried forward +€65,515
up €65,515 (+93.4%), from €70,149 to €135,664
- Advances received -€40,726
no longer reported in 2025 (was €40,726)
- Tax, wage and social debts +€26,139
up €26,139 (+326%), from €8,009 to €34,148
of which Taxes: +€26,139
- Current portion of long-term debt -€4,660
no longer reported in 2025 (was €4,660)
- Gross operating margin +€67,635
up €67,635 (+250%), from €27,081 to €94,716
- Taxes +€20,038
up €20,038 (+346%), from €5,787 to €25,825
- Financial income +€3,116
up €3,116 (+108%), from €2,883 to €5,999
- Other operating charges +€1,124
up €1,124 (+57.5%), from €1,955 to €3,079
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 | €259,825 | €231,550 | -€28,275 | -10.9% |
| Fixed assets | 21/28 | €11,623 | €7,154 | -€4,469 | -38.5% |
| Tangible fixed assets | 22/27 | €11,392 | €6,923 | -€4,469 | -39.2% |
| Plant, machinery and equipment | 23 | €531 | €177 | -€354 | -66.7% |
| Furniture and vehicles | 24 | €3,029 | €1,288 | -€1,741 | -57.5% |
| Leasing and similar rights | 25 | €7,832 | €5,458 | -€2,374 | -30.3% |
| Financial fixed assets | 28 | €231 | €231 | = | 0.0% |
| Current assets | 29/58 | €248,201 | €224,396 | -€23,805 | -9.6% |
| Amounts receivable within one year | 40/41 | €193,604 | €81,777 | -€111,828 | -57.8% |
| Trade receivables | 40 | €142,221 | €31,739 | -€110,483 | -77.7% |
| Other amounts receivable | 41 | €51,383 | €50,038 | -€1,345 | -2.6% |
| Cash at bank and in hand | 54/58 | €53,383 | €141,785 | +€88,402 | +166% |
| Deferred charges and accrued income | 490/1 | €1,215 | €835 | -€380 | -31.3% |
| Total equity and liabilities | 10/49 | €259,825 | €231,550 | -€28,275 | -10.9% |
| Equity | 10/15 | €90,609 | €156,124 | +€65,515 | +72.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €70,149 | €135,664 | +€65,515 | +93.4% |
| Amounts payable | 17/49 | €169,216 | €75,426 | -€93,790 | -55.4% |
| Amounts payable within one year | 42/48 | €169,216 | €75,426 | -€93,790 | -55.4% |
| Current portion of amounts payable after more than one year | 42 | €4,660 | - | -€4,660 | |
| Trade debts | 44 | €115,131 | €40,550 | -€74,581 | -64.8% |
| Suppliers | 440/4 | €115,131 | €40,550 | -€74,581 | -64.8% |
| Advances received on contracts in progress | 46 | €40,726 | - | -€40,726 | |
| Taxes, remuneration and social security | 45 | €8,009 | €34,148 | +€26,139 | +326% |
| Taxes | 450/3 | €5,737 | €31,876 | +€26,139 | +456% |
| Remuneration and social security | 454/9 | €2,272 | €2,272 | = | 0.0% |
| Other amounts payable | 47/48 | €690 | €728 | +€38 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,119 | €4,469 | +€350 | +8.5% |
| Other operating charges | 640/8 | €1,955 | €3,079 | +€1,124 | +57.5% |
| Non-recurring operating charges | 66A | €5,907 | €366 | -€5,541 | -93.8% |
| Gross operating margin | 9900 | €27,081 | €94,716 | +€67,635 | +250% |
| Operating profit (loss) | 9901 | €15,100 | €86,801 | +€71,701 | +475% |
| Financial income | 75/76B | €2,883 | €5,999 | +€3,116 | +108% |
| Recurring financial income | 75 | €2,883 | €5,999 | +€3,116 | +108% |
| Financial charges | 65/66B | €1,924 | €1,460 | -€464 | -24.1% |
| Recurring financial charges | 65 | €1,924 | €1,460 | -€464 | -24.1% |
| Profit (loss) for the period before taxes | 9903 | €16,059 | €91,340 | +€75,281 | +469% |
| Income taxes | 67/77 | €5,787 | €25,825 | +€20,038 | +346% |
| Profit (loss) for the period | 9904 | €10,272 | €65,515 | +€55,243 | +538% |
| Profit (loss) for the period to be appropriated | 9905 | €10,272 | €65,515 | +€55,243 | +538% |
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 26 October 2026 via checked.be.