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.
VILLA
Largest movements
- Current investments -€83,000
down €83,000 (-51.9%), from €160,000 to €77,000
- Cash -€50,241
down €50,241 (-78.0%), from €64,446 to €14,205
mainly Contributions, distributions and other (-€80,809) and Receivables within one year (-€25,265)
- Receivables within one year +€25,265
up €25,265 (+41.9%), from €60,276 to €85,541
of which Other amounts receivable: +€37,123
- Tangible fixed assets -€15,767
down €15,767 (-12.2%), from €129,438 to €113,671
of which Land and buildings: -€11,993
- Reserves -€80,809
down €80,809 (-27.7%), from €291,829 to €211,020
- Debts after one year -€17,925
down €17,925 (-35.2%), from €50,928 to €33,003
- Profit (loss) carried forward -€17,120
new in 2025: -€17,120
- Trade debts -€6,627
down €6,627 (-30.7%), from €21,594 to €14,968
- Gross operating margin -€94,366
down €94,366 (-96.6%), from €97,682 to €3,316
- Taxes -€22,123
down €22,123 (-99.3%), from €22,284 to €162
- Depreciation -€3,980
down €3,980 (-20.2%), from €19,748 to €15,767
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 | €417,413 | €293,612 | -€123,801 | -29.7% |
| Fixed assets | 21/28 | €129,438 | €113,671 | -€15,767 | -12.2% |
| Tangible fixed assets | 22/27 | €129,438 | €113,671 | -€15,767 | -12.2% |
| Land and buildings | 22 | €118,662 | €106,669 | -€11,993 | -10.1% |
| Plant, machinery and equipment | 23 | €5,705 | €2,773 | -€2,932 | -51.4% |
| Furniture and vehicles | 24 | €2,571 | €1,728 | -€843 | -32.8% |
| Other tangible fixed assets | 26 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €287,975 | €179,941 | -€108,034 | -37.5% |
| Amounts receivable within one year | 40/41 | €60,276 | €85,541 | +€25,265 | +41.9% |
| Trade receivables | 40 | €52,560 | €40,702 | -€11,858 | -22.6% |
| Other amounts receivable | 41 | €7,716 | €44,838 | +€37,123 | +481.1% |
| Current investments | 50/53 | €160,000 | €77,000 | -€83,000 | -51.9% |
| Cash at bank and in hand | 54/58 | €64,446 | €14,205 | -€50,241 | -78.0% |
| Deferred charges and accrued income | 490/1 | €3,253 | €3,195 | -€58 | -1.8% |
| Total equity and liabilities | 10/49 | €417,413 | €293,612 | -€123,801 | -29.7% |
| Equity | 10/15 | €298,029 | €200,099 | -€97,929 | -32.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €291,829 | €211,020 | -€80,809 | -27.7% |
| Distributable reserves | 133 | €291,829 | €211,020 | -€80,809 | -27.7% |
| Profit (loss) carried forward | 14 | - | -€17,120 | -€17,120 | |
| Amounts payable | 17/49 | €119,384 | €93,512 | -€25,872 | -21.7% |
| Amounts payable after more than one year | 17 | €50,928 | €33,003 | -€17,925 | -35.2% |
| Financial debts | 170/4 | €50,928 | €33,003 | -€17,925 | -35.2% |
| Amounts payable within one year | 42/48 | €66,356 | €58,409 | -€7,947 | -12.0% |
| Current portion of amounts payable after more than one year | 42 | €17,276 | €17,925 | +€649 | +3.8% |
| Financial debts | 43 | €17,713 | €17,711 | -€2 | 0.0% |
| Other loans | 439 | €17,713 | €17,711 | -€2 | 0.0% |
| Trade debts | 44 | €21,594 | €14,968 | -€6,627 | -30.7% |
| Suppliers | 440/4 | €21,594 | €14,968 | -€6,627 | -30.7% |
| Taxes, remuneration and social security | 45 | €7,062 | €5,418 | -€1,644 | -23.3% |
| Taxes | 450/3 | €7,062 | €5,418 | -€1,644 | -23.3% |
| Other amounts payable | 47/48 | €2,711 | €2,389 | -€322 | -11.9% |
| Accrued charges and deferred income | 492/3 | €2,100 | €2,100 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,748 | €15,767 | -€3,980 | -20.2% |
| Other operating charges | 640/8 | €1,209 | €1,174 | -€36 | -3.0% |
| Gross operating margin | 9900 | €97,682 | €3,316 | -€94,366 | -96.6% |
| Operating profit (loss) | 9901 | €76,725 | -€13,625 | -€90,349 | |
| Financial income | 75/76B | €10 | €12 | +€2 | +21.8% |
| Recurring financial income | 75 | €10 | €12 | +€2 | +21.8% |
| Financial charges | 65/66B | €3,832 | €3,346 | -€486 | -12.7% |
| Recurring financial charges | 65 | €3,832 | €3,346 | -€486 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | €72,903 | -€16,959 | -€89,862 | |
| Income taxes | 67/77 | €22,284 | €162 | -€22,123 | -99.3% |
| Profit (loss) for the period | 9904 | €50,619 | -€17,120 | -€67,739 | |
| Profit (loss) for the period to be appropriated | 9905 | €50,619 | -€17,120 | -€67,739 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.