VILKAS MANAGEMENT: 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.
VILKAS MANAGEMENT
Largest movements
- Tangible fixed assets -€396,143
down €396,143 (-93.7%), from €422,987 to €26,844
of which Land and buildings: -€388,088
- Current investments +€214,011
up €214,011 (+15,449%), from €1,385 to €215,397
- Cash +€32,304
up €32,304 (+57.9%), from €55,815 to €88,119
mainly Investment in fixed assets (net) (+€385,610) and Net result for the year (+€171,421)
- Debts after one year -€273,423
down €273,423 (-100%), from €273,423 to €0
- Reserves +€171,421
up €171,421 (+128%), from €133,450 to €304,872
- Other debts -€32,006
down €32,006 (-100%), from €32,006 to €0
- Current portion of long-term debt -€15,602
down €15,602 (-100%), from €15,602 to €0
- Trade debts -€6,691
down €6,691 (-19.3%), from €34,717 to €28,025
- Gross operating margin +€178,211
up €178,211 (+53.1%), from €335,704 to €513,916
- Staff costs +€105,358
up €105,358 (+53.4%), from €197,226 to €302,584
- Financial income +€53,161
up €53,161 (+12,401%), from €429 to €53,589
of which Non-recurring financial income: +€51,912
- Taxes +€34,298
up €34,298 (+173%), from €19,865 to €54,163
- Depreciation -€7,351
down €7,351 (-41.1%), from €17,884 to €10,533
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 | €572,455 | €417,385 | -€155,069 | -27.1% |
| Fixed assets | 21/28 | €422,987 | €26,844 | -€396,143 | -93.7% |
| Tangible fixed assets | 22/27 | €422,987 | €26,844 | -€396,143 | -93.7% |
| Land and buildings | 22 | €388,088 | €0 | -€388,088 | -100% |
| Plant, machinery and equipment | 23 | €19,306 | €15,190 | -€4,115 | -21.3% |
| Furniture and vehicles | 24 | €15,593 | €11,654 | -€3,939 | -25.3% |
| Current assets | 29/58 | €149,468 | €390,541 | +€241,073 | +161% |
| Amounts receivable within one year | 40/41 | €86,279 | €83,713 | -€2,566 | -3.0% |
| Trade receivables | 40 | €81,144 | €83,027 | +€1,883 | +2.3% |
| Other amounts receivable | 41 | €5,135 | €687 | -€4,449 | -86.6% |
| Current investments | 50/53 | €1,385 | €215,397 | +€214,011 | +15,449% |
| Cash at bank and in hand | 54/58 | €55,815 | €88,119 | +€32,304 | +57.9% |
| Deferred charges and accrued income | 490/1 | €5,988 | €3,311 | -€2,676 | -44.7% |
| Total equity and liabilities | 10/49 | €572,455 | €417,385 | -€155,069 | -27.1% |
| Equity | 10/15 | €143,450 | €314,872 | +€171,421 | +119% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €133,450 | €304,872 | +€171,421 | +128% |
| Distributable reserves | 133 | €133,450 | €304,872 | +€171,421 | +128% |
| Amounts payable | 17/49 | €429,004 | €102,513 | -€326,491 | -76.1% |
| Amounts payable after more than one year | 17 | €273,423 | €0 | -€273,423 | -100% |
| Financial debts | 170/4 | €273,423 | €0 | -€273,423 | -100% |
| Amounts payable within one year | 42/48 | €138,864 | €83,542 | -€55,322 | -39.8% |
| Current portion of amounts payable after more than one year | 42 | €15,602 | €0 | -€15,602 | -100% |
| Financial debts | 43 | €4,167 | €4,206 | +€39 | +0.9% |
| Credit institutions | 430/8 | €4,167 | €4,206 | +€39 | +0.9% |
| Trade debts | 44 | €34,717 | €28,025 | -€6,691 | -19.3% |
| Suppliers | 440/4 | €34,717 | €28,025 | -€6,691 | -19.3% |
| Taxes, remuneration and social security | 45 | €52,373 | €51,311 | -€1,062 | -2.0% |
| Taxes | 450/3 | €26,808 | €15,022 | -€11,787 | -44.0% |
| Remuneration and social security | 454/9 | €25,564 | €36,289 | +€10,725 | +42.0% |
| Other amounts payable | 47/48 | €32,006 | €0 | -€32,006 | -100% |
| Accrued charges and deferred income | 492/3 | €16,717 | €18,971 | +€2,254 | +13.5% |
| Non-recurring operating income | 76A | €0 | €110 | +€110 | |
| Remuneration, social security and pensions | 62 | €197,226 | €302,584 | +€105,358 | +53.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,884 | €10,533 | -€7,351 | -41.1% |
| Other operating charges | 640/8 | €3,422 | €4,034 | +€612 | +17.9% |
| Non-recurring operating charges | 66A | - | €1,917 | +€1,917 | |
| Gross operating margin | 9900 | €335,704 | €513,916 | +€178,211 | +53.1% |
| Operating profit (loss) | 9901 | €117,171 | €194,847 | +€77,676 | +66.3% |
| Financial income | 75/76B | €429 | €53,589 | +€53,161 | +12,401% |
| Recurring financial income | 75 | €429 | €1,678 | +€1,249 | +291% |
| Non-recurring financial income | 76B | €0 | €51,912 | +€51,912 | |
| Financial charges | 65/66B | €26,426 | €22,853 | -€3,573 | -13.5% |
| Recurring financial charges | 65 | €26,426 | €22,853 | -€3,573 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | €91,174 | €225,584 | +€134,410 | +147% |
| Income taxes | 67/77 | €19,865 | €54,163 | +€34,298 | +173% |
| Profit (loss) for the period | 9904 | €71,310 | €171,421 | +€100,112 | +140% |
| Profit (loss) for the period to be appropriated | 9905 | €71,310 | €171,421 | +€100,112 | +140% |
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 27 October 2026 via checked.be.