VILLA 23: 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 23
Largest movements
- Receivables within one year +€120,767
up €120,767 (+44.1%), from €273,879 to €394,646
of which Trade receivables: +€123,907
- Trade debts +€131,456
up €131,456 (+245%), from €53,609 to €185,066
- Reserves +€50,000
up €50,000 (+61.1%), from €81,860 to €131,860
- Tax, wage and social debts -€36,957
down €36,957 (-26.1%), from €141,831 to €104,874
of which Taxes: -€42,650
- Debts after one year -€17,540
no longer reported in 2025 (was €17,540)
- Profit (loss) carried forward -€13,920
down €13,920 (-2.4%), from €574,874 to €560,954
- Gross operating margin -€44,016
down €44,016 (-11.6%), from €377,901 to €333,884
- Staff costs +€40,178
up €40,178 (+28.9%), from €139,052 to €179,229
- Taxes -€24,089
down €24,089 (-44.2%), from €54,494 to €30,406
- Depreciation +€6,679
up €6,679 (+11.6%), from €57,477 to €64,156
- Financial income +€6,008
up €6,008 (+306%), from €1,960 to €7,969
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 | €927,932 | €1,034,194 | +€106,261 | +11.5% |
| Fixed assets | 21/28 | €364,290 | €361,752 | -€2,538 | -0.7% |
| Tangible fixed assets | 22/27 | €364,290 | €361,752 | -€2,538 | -0.7% |
| Land and buildings | 22 | €181,158 | €167,187 | -€13,970 | -7.7% |
| Plant, machinery and equipment | 23 | €59,750 | €51,131 | -€8,619 | -14.4% |
| Furniture and vehicles | 24 | €27,166 | €28,624 | +€1,459 | +5.4% |
| Other tangible fixed assets | 26 | €96,217 | €114,809 | +€18,593 | +19.3% |
| Current assets | 29/58 | €563,642 | €672,442 | +€108,799 | +19.3% |
| Amounts receivable after more than one year | 29 | €121,890 | €116,825 | -€5,064 | -4.2% |
| Other amounts receivable | 291 | €121,890 | €116,825 | -€5,064 | -4.2% |
| Amounts receivable within one year | 40/41 | €273,879 | €394,646 | +€120,767 | +44.1% |
| Trade receivables | 40 | €225,962 | €349,869 | +€123,907 | +54.8% |
| Other amounts receivable | 41 | €47,918 | €44,777 | -€3,141 | -6.6% |
| Cash at bank and in hand | 54/58 | €165,430 | €159,309 | -€6,121 | -3.7% |
| Deferred charges and accrued income | 490/1 | €2,444 | €1,661 | -€783 | -32.0% |
| Total equity and liabilities | 10/49 | €927,932 | €1,034,194 | +€106,261 | +11.5% |
| Equity | 10/15 | €669,134 | €705,214 | +€36,080 | +5.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €81,860 | €131,860 | +€50,000 | +61.1% |
| Distributable reserves | 133 | €81,860 | €131,860 | +€50,000 | +61.1% |
| Profit (loss) carried forward | 14 | €574,874 | €560,954 | -€13,920 | -2.4% |
| Amounts payable | 17/49 | €258,798 | €328,980 | +€70,181 | +27.1% |
| Amounts payable after more than one year | 17 | €17,540 | - | -€17,540 | |
| Financial debts | 170/4 | €17,540 | - | -€17,540 | |
| Amounts payable within one year | 42/48 | €241,258 | €328,980 | +€87,722 | +36.4% |
| Current portion of amounts payable after more than one year | 42 | €24,318 | €17,540 | -€6,778 | -27.9% |
| Trade debts | 44 | €53,609 | €185,066 | +€131,456 | +245% |
| Suppliers | 440/4 | €53,609 | €185,066 | +€131,456 | +245% |
| Taxes, remuneration and social security | 45 | €141,831 | €104,874 | -€36,957 | -26.1% |
| Taxes | 450/3 | €115,162 | €72,511 | -€42,650 | -37.0% |
| Remuneration and social security | 454/9 | €26,669 | €32,362 | +€5,693 | +21.3% |
| Other amounts payable | 47/48 | €21,500 | €21,500 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €139,052 | €179,229 | +€40,178 | +28.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,477 | €64,156 | +€6,679 | +11.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,270 | - | +€1,270 | |
| Other operating charges | 640/8 | €5,449 | €7,255 | +€1,806 | +33.1% |
| Non-recurring operating charges | 66A | €4,369 | - | -€4,369 | |
| Gross operating margin | 9900 | €377,901 | €333,884 | -€44,016 | -11.6% |
| Operating profit (loss) | 9901 | €172,823 | €83,244 | -€89,579 | -51.8% |
| Financial income | 75/76B | €1,960 | €7,969 | +€6,008 | +306% |
| Recurring financial income | 75 | €1,960 | €7,969 | +€6,008 | +306% |
| Financial charges | 65/66B | €6,578 | €3,227 | -€3,351 | -50.9% |
| Recurring financial charges | 65 | €6,578 | €3,227 | -€3,351 | -50.9% |
| Profit (loss) for the period before taxes | 9903 | €168,206 | €87,986 | -€80,220 | -47.7% |
| Income taxes | 67/77 | €54,494 | €30,406 | -€24,089 | -44.2% |
| Profit (loss) for the period | 9904 | €113,711 | €57,580 | -€56,131 | -49.4% |
| Profit (loss) for the period to be appropriated | 9905 | €113,711 | €57,580 | -€56,131 | -49.4% |
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 19 October 2026 via checked.be.