VILLA 34: 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 34
Largest movements
- Tangible fixed assets +€1.8m
up €1.8m (+75.0%), from €2.4m to €4.2m
of which Land and buildings: +€1.6m
- Debts after one year +€2.2m
up €2.2m (+168%), from €1.3m to €3.6m
- Profit (loss) carried forward -€508,311
down €508,311 (-211%), from -€240,979 to -€749,290
- Trade debts +€47,918
up €47,918 (+95.8%), from €50,024 to €97,943
- Depreciation +€220,653
up €220,653 (+115%), from €192,507 to €413,159
- Financial charges +€37,727
up €37,727 (+44.0%), from €85,800 to €123,527
- Purchases and services +€34,805
up €34,805 (+66.1%), from €52,677 to €87,482
- Gross operating margin -€28,553
down €28,553 (-35.3%), from €80,784 to €52,232
- Turnover +€1,660
up €1,660 (+3.1%), from €53,770 to €55,430
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 | €2,427,309 | €4,204,204 | +€1.8m | +73.2% |
| Fixed assets | 21/28 | €2,394,174 | €4,189,499 | +€1.8m | +75.0% |
| Tangible fixed assets | 22/27 | €2,394,174 | €4,189,499 | +€1.8m | +75.0% |
| Land and buildings | 22 | €2,381,077 | €3,951,642 | +€1.6m | +66.0% |
| Plant, machinery and equipment | 23 | €2,132 | €2,441 | +€309 | +14.5% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €10,964 | €9,784 | -€1,180 | -10.8% |
| Assets under construction and advance payments | 27 | - | €225,632 | +€225,632 | |
| Current assets | 29/58 | €33,136 | €14,705 | -€18,431 | -55.6% |
| Amounts receivable within one year | 40/41 | €3,355 | €3,466 | +€111 | +3.3% |
| Trade receivables | 40 | €3,355 | €3,466 | +€111 | +3.3% |
| Cash at bank and in hand | 54/58 | €29,780 | €11,238 | -€18,542 | -62.3% |
| Total equity and liabilities | 10/49 | €2,427,309 | €4,204,204 | +€1.8m | +73.2% |
| Equity | 10/15 | €816,364 | €308,053 | -€508,311 | -62.3% |
| Contributions | 10/11 | €40,511 | €40,511 | = | 0.0% |
| Reserves | 13 | €1,016,831 | €1,016,831 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,051 | €4,051 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,051 | €4,051 | = | 0.0% |
| Distributable reserves | 133 | €1,012,780 | €1,012,780 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€240,979 | -€749,290 | -€508,311 | -211% |
| Amounts payable | 17/49 | €1,610,946 | €3,896,151 | +€2.3m | +142% |
| Amounts payable after more than one year | 17 | €1,337,315 | €3,582,733 | +€2.2m | +168% |
| Financial debts | 170/4 | €1,337,315 | €3,582,733 | +€2.2m | +168% |
| Amounts payable within one year | 42/48 | €262,843 | €313,224 | +€50,381 | +19.2% |
| Current portion of amounts payable after more than one year | 42 | €212,119 | €214,582 | +€2,463 | +1.2% |
| Trade debts | 44 | €50,024 | €97,943 | +€47,918 | +95.8% |
| Suppliers | 440/4 | €50,024 | €97,943 | +€47,918 | +95.8% |
| Other amounts payable | 47/48 | €700 | €700 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €10,788 | €194 | -€10,594 | -98.2% |
| Turnover | 70 | €53,770 | €55,430 | +€1,660 | +3.1% |
| Non-recurring operating income | 76A | €76,059 | €80,817 | +€4,757 | +6.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €52,677 | €87,482 | +€34,805 | +66.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €192,507 | €413,159 | +€220,653 | +115% |
| Other operating charges | 640/8 | €23,063 | €23,856 | +€794 | +3.4% |
| Gross operating margin | 9900 | €80,784 | €52,232 | -€28,553 | -35.3% |
| Operating profit (loss) | 9901 | -€134,785 | -€384,784 | -€249,999 | -185% |
| Financial charges | 65/66B | €85,800 | €123,527 | +€37,727 | +44.0% |
| Recurring financial charges | 65 | €85,800 | €123,527 | +€37,727 | +44.0% |
| Profit (loss) for the period before taxes | 9903 | -€220,585 | -€508,311 | -€287,726 | -130% |
| Income taxes | 67/77 | -€104 | - | +€104 | |
| Profit (loss) for the period | 9904 | -€220,482 | -€508,311 | -€287,829 | -131% |
| Profit (loss) for the period to be appropriated | 9905 | -€220,482 | -€508,311 | -€287,829 | -131% |
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 24 October 2026 via checked.be.