VILERCO: 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.
VILERCO
Largest movements
- Receivables within one year +€197,393
up €197,393 (+26.0%), from €759,521 to €956,914
of which Other amounts receivable: +€145,822
- Cash -€107,469
down €107,469 (-38.7%), from €277,825 to €170,356
mainly Receivables within one year (-€197,393) and Debts after one year (-€41,375)
- Reserves +€74,647
up €74,647 (+9.0%), from €833,436 to €908,082
of which Distributable reserves: +€74,647
- Tax, wage and social debts +€61,719
up €61,719 (+83.1%), from €74,264 to €135,983
- Debts after one year -€41,375
down €41,375 (-34.8%), from €118,958 to €77,584
- Trade debts -€29,509
down €29,509 (-27.5%), from €107,335 to €77,826
- Other debts +€29,171
new in 2025: €29,171
- Financial income +€12,182
up €12,182 (+33.2%), from €36,697 to €48,878
- Taxes +€6,344
up €6,344 (+15.3%), from €41,558 to €47,902
- Gross operating margin -€4,175
down €4,175 (-4.3%), from €97,415 to €93,240
- Financial charges +€1,853
up €1,853 (+13.5%), from €13,759 to €15,612
- Other operating charges -€1,743
down €1,743 (-32.0%), from €5,448 to €3,705
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 | €1,191,858 | €1,281,509 | +€89,651 | +7.5% |
| Fixed assets | 21/28 | €1,455 | €1,202 | -€253 | -17.4% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €253 | €0 | -€253 | -100.0% |
| Plant, machinery and equipment | 23 | €253 | €0 | -€253 | -100.0% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €1,202 | €1,202 | = | 0.0% |
| Current assets | 29/58 | €1,190,403 | €1,280,307 | +€89,904 | +7.6% |
| Amounts receivable after more than one year | 29 | €150,000 | €150,000 | = | 0.0% |
| Trade receivables | 290 | €150,000 | €150,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €759,521 | €956,914 | +€197,393 | +26.0% |
| Trade receivables | 40 | €6,649 | €58,220 | +€51,571 | +775.7% |
| Other amounts receivable | 41 | €752,872 | €898,694 | +€145,822 | +19.4% |
| Cash at bank and in hand | 54/58 | €277,825 | €170,356 | -€107,469 | -38.7% |
| Deferred charges and accrued income | 490/1 | €3,057 | €3,037 | -€20 | -0.6% |
| Total equity and liabilities | 10/49 | €1,191,858 | €1,281,509 | +€89,651 | +7.5% |
| Equity | 10/15 | €841,636 | €916,282 | +€74,647 | +8.9% |
| Contributions | 10/11 | €8,200 | €8,200 | = | 0.0% |
| Reserves | 13 | €833,436 | €908,082 | +€74,647 | +9.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €831,576 | €906,222 | +€74,647 | +9.0% |
| Amounts payable | 17/49 | €350,222 | €365,227 | +€15,005 | +4.3% |
| Amounts payable after more than one year | 17 | €118,958 | €77,584 | -€41,375 | -34.8% |
| Financial debts | 170/4 | €118,958 | €77,584 | -€41,375 | -34.8% |
| Amounts payable within one year | 42/48 | €224,145 | €284,356 | +€60,211 | +26.9% |
| Current portion of amounts payable after more than one year | 42 | €42,545 | €41,375 | -€1,170 | -2.8% |
| Trade debts | 44 | €107,335 | €77,826 | -€29,509 | -27.5% |
| Suppliers | 440/4 | €107,335 | €77,826 | -€29,509 | -27.5% |
| Taxes, remuneration and social security | 45 | €74,264 | €135,983 | +€61,719 | +83.1% |
| Taxes | 450/3 | €74,264 | €135,983 | +€61,719 | +83.1% |
| Other amounts payable | 47/48 | - | €29,171 | +€29,171 | |
| Accrued charges and deferred income | 492/3 | €7,119 | €3,288 | -€3,832 | -53.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,395 | €253 | -€1,142 | -81.9% |
| Other operating charges | 640/8 | €5,448 | €3,705 | -€1,743 | -32.0% |
| Gross operating margin | 9900 | €97,415 | €93,240 | -€4,175 | -4.3% |
| Operating profit (loss) | 9901 | €90,572 | €89,282 | -€1,290 | -1.4% |
| Financial income | 75/76B | €36,697 | €48,878 | +€12,182 | +33.2% |
| Recurring financial income | 75 | €36,697 | €48,878 | +€12,182 | +33.2% |
| Financial charges | 65/66B | €13,759 | €15,612 | +€1,853 | +13.5% |
| Recurring financial charges | 65 | €13,759 | €15,612 | +€1,853 | +13.5% |
| Profit (loss) for the period before taxes | 9903 | €113,510 | €122,549 | +€9,039 | +8.0% |
| Income taxes | 67/77 | €41,558 | €47,902 | +€6,344 | +15.3% |
| Profit (loss) for the period | 9904 | €71,952 | €74,647 | +€2,695 | +3.7% |
| Profit (loss) for the period to be appropriated | 9905 | €71,952 | €74,647 | +€2,695 | +3.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.