VILLA: 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.
What changed
VILLA
NACE 68.121, Development of residential building projects
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€65,301
2024 · €603,241-€537,940
Equity
€8.4m
2024 · €8.3m+€65,301
Cash
€236,923
2024 · €134,211+€102,712
Balance sheet total
€19.2m
2024 · €20.1m-€896,915
Largest movements
Assets
- Stocks and contracts -€442,812
down €442,812 (-10.5%), from €4.2m to €3.8m
- Receivables within one year -€371,830
down €371,830 (-41.8%), from €889,387 to €517,557
of which Other amounts receivable: -€277,472
- Tangible fixed assets -€359,788
down €359,788 (-4.6%), from €7.8m to €7.4m
of which Land and buildings: -€359,688
Equity and liabilities
- Debts after one year -€399,854
down €399,854 (-7.8%), from €5.1m to €4.7m
- Short-term financial debts -€316,182
down €316,182 (-8.2%), from €3.8m to €3.5m
Income statement
- Gross operating margin -€306,957
down €306,957 (-25.4%), from €1.2m to €903,831
- Financial income -€203,053
down €203,053 (-48.8%), from €416,501 to €213,448
- Other operating charges +€96,728
up €96,728 (+52.5%), from €184,153 to €280,881
- Taxes +€55,601
up €55,601 (+100.1%), from €55,541 to €111,142
- Financial charges -€44,680
down €44,680 (-12.3%), from €362,430 to €317,751
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.
Result 2024
€603,241
Gross operating margin
-€306,957
Staff costs
-€3,511
Depreciation
+€1,498
Other operating charges
-€96,728
Other operating items
+€4,873
Financial income
-€203,053
Financial charges
+€44,680
Taxes
-€55,601
Deferred taxes and other
+€76,859
Result 2025
€65,301
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.
From operations
+€985,195
Investment
-€174,803
Financing
-€707,680
Cash 2024
€134,211
From operations (derived)
+€985,195
Net result for the year
+€65,301
Depreciation
+€359,788
Stocks and contracts
+€442,812
Receivables within one year
+€371,830
Provisions
-€65,940
Trade debts
-€48,741
Tax, wage and social debts
+€45,753
Other debts
-€190,045
Accrued charges and deferred income
+€4,437
Investment (derived)
-€174,803
Current investments
-€174,803
Financing
-€707,680
Debts after one year
-€399,854
Current portion of long-term debt
+€8,356
Short-term financial debts
-€316,182
Cash 2025
€236,923
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,092,173 | €19,195,258 | -€896,915 | -4.5% |
| Fixed assets | 21/28 | €12,273,520 | €11,913,732 | -€359,788 | -2.9% |
| Tangible fixed assets | 22/27 | €7,757,596 | €7,397,808 | -€359,788 | -4.6% |
| Land and buildings | 22 | €7,755,688 | €7,396,000 | -€359,688 | -4.6% |
| Plant, machinery and equipment | 23 | €1,657 | €1,657 | = | 0.0% |
| Furniture and vehicles | 24 | €251 | €151 | -€100 | -39.8% |
| Financial fixed assets | 28 | €4,515,924 | €4,515,924 | = | 0.0% |
| Current assets | 29/58 | €7,818,653 | €7,281,526 | -€537,127 | -6.9% |
| Stocks and contracts in progress | 3 | €4,214,383 | €3,771,571 | -€442,812 | -10.5% |
| Stocks | 30/36 | €4,214,383 | €3,771,571 | -€442,812 | -10.5% |
| Amounts receivable within one year | 40/41 | €889,387 | €517,557 | -€371,830 | -41.8% |
| Trade receivables | 40 | €124,086 | €29,728 | -€94,358 | -76.0% |
| Other amounts receivable | 41 | €765,301 | €487,829 | -€277,472 | -36.3% |
| Current investments | 50/53 | €2,580,671 | €2,755,474 | +€174,803 | +6.8% |
| Cash at bank and in hand | 54/58 | €134,211 | €236,923 | +€102,712 | +76.5% |
| Total equity and liabilities | 10/49 | €20,092,173 | €19,195,258 | -€896,915 | -4.5% |
| Equity | 10/15 | €8,333,542 | €8,398,843 | +€65,301 | +0.8% |
| Contributions | 10/11 | €4,238,808 | €4,238,808 | = | 0.0% |
| Capital | 10 | €4,238,808 | €4,238,808 | = | 0.0% |
| Issued capital | 100 | €4,238,808 | €4,238,808 | = | 0.0% |
| Reserves | 13 | €4,094,734 | €4,160,036 | +€65,301 | +1.6% |
| Non-distributable reserves | 130/1 | €423,881 | €423,881 | = | 0.0% |
| Legal reserve | 130 | €423,881 | €423,881 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,955,701 | €1,827,642 | -€128,059 | -6.5% |
| Distributable reserves | 133 | €1,715,153 | €1,908,513 | +€193,360 | +11.3% |
| Provisions and deferred taxes | 16 | €404,144 | €338,203 | -€65,940 | -16.3% |
| Deferred taxes | 168 | €404,144 | €338,203 | -€65,940 | -16.3% |
| Amounts payable | 17/49 | €11,354,488 | €10,458,212 | -€896,276 | -7.9% |
| Amounts payable after more than one year | 17 | €5,106,299 | €4,706,446 | -€399,854 | -7.8% |
| Financial debts | 170/4 | €5,106,299 | €4,706,446 | -€399,854 | -7.8% |
| Amounts payable within one year | 42/48 | €6,248,188 | €5,747,330 | -€500,859 | -8.0% |
| Current portion of amounts payable after more than one year | 42 | €391,493 | €399,849 | +€8,356 | +2.1% |
| Financial debts | 43 | €3,841,749 | €3,525,568 | -€316,182 | -8.2% |
| Credit institutions | 430/8 | €3,841,749 | €3,525,568 | -€316,182 | -8.2% |
| Trade debts | 44 | €270,538 | €221,797 | -€48,741 | -18.0% |
| Suppliers | 440/4 | €270,538 | €221,797 | -€48,741 | -18.0% |
| Taxes, remuneration and social security | 45 | €52,611 | €98,364 | +€45,753 | +87.0% |
| Taxes | 450/3 | €40,236 | €85,342 | +€45,106 | +112.1% |
| Remuneration and social security | 454/9 | €12,375 | €13,022 | +€647 | +5.2% |
| Other amounts payable | 47/48 | €1,691,797 | €1,501,752 | -€190,045 | -11.2% |
| Accrued charges and deferred income | 492/3 | - | €4,437 | +€4,437 | |
| Non-recurring operating income | 76A | €381,179 | €1,000 | -€380,179 | -99.7% |
| Remuneration, social security and pensions | 62 | €44,845 | €48,356 | +€3,511 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €361,287 | €359,788 | -€1,498 | -0.4% |
| Other operating charges | 640/8 | €184,153 | €280,881 | +€96,728 | +52.5% |
| Non-recurring operating charges | 66A | €4,873 | €0 | -€4,873 | -100.0% |
| Gross operating margin | 9900 | €1,210,788 | €903,831 | -€306,957 | -25.4% |
| Operating profit (loss) | 9901 | €615,630 | €214,805 | -€400,825 | -65.1% |
| Financial income | 75/76B | €416,501 | €213,448 | -€203,053 | -48.8% |
| Recurring financial income | 75 | €416,501 | €213,448 | -€203,053 | -48.8% |
| Financial charges | 65/66B | €362,430 | €317,751 | -€44,680 | -12.3% |
| Recurring financial charges | 65 | €362,430 | €317,751 | -€44,680 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | €669,701 | €110,502 | -€559,198 | -83.5% |
| Transfer from deferred taxes | 780 | €74,474 | €65,940 | -€8,533 | -11.5% |
| Transfer to deferred taxes | 680 | €85,392 | €0 | -€85,392 | -100.0% |
| Income taxes | 67/77 | €55,541 | €111,142 | +€55,601 | +100.1% |
| Profit (loss) for the period | 9904 | €603,241 | €65,301 | -€537,940 | -89.2% |
| Transfer from tax-exempt reserves | 789 | €144,631 | €128,059 | -€16,572 | -11.5% |
| Transfer to tax-exempt reserves | 689 | €256,176 | €0 | -€256,176 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €491,696 | €193,360 | -€298,336 | -60.7% |
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.