VILLA-ECO: 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-ECO
Largest movements
- Tangible fixed assets +€41,136
up €41,136 (+255%), from €16,153 to €57,289
- Receivables within one year +€9,068
up €9,068 (+27,127%), from €33 to €9,102
of which Other amounts receivable: +€5,472
- Cash -€2,126
down €2,126 (-67.0%), from €3,175 to €1,049
mainly Investment in fixed assets (net) (-€48,245) and Receivables within one year (-€9,068)
- Debts after one year +€25,976
new in 2025: €25,976
- Profit (loss) carried forward +€13,763
up €13,763 (+32.1%), from -€42,872 to -€29,109
- Current portion of long-term debt +€8,309
new in 2025: €8,309
- Gross operating margin +€20,981
up €20,981 (+239%), from €8,782 to €29,763
- Other operating charges +€4,652
up €4,652 (+655%), from €710 to €5,362
- Depreciation +€2,244
up €2,244 (+46.1%), from €4,864 to €7,109
- Taxes +€2,105
up €2,105 (+3,012%), from €70 to €2,174
- Financial charges +€1,276
up €1,276 (+1,618%), from €79 to €1,355
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 | €34,624 | €82,499 | +€47,875 | +138% |
| Fixed assets | 21/28 | €31,153 | €72,289 | +€41,136 | +132% |
| Tangible fixed assets | 22/27 | €16,153 | €57,289 | +€41,136 | +255% |
| Furniture and vehicles | 24 | €16,153 | €57,289 | +€41,136 | +255% |
| Financial fixed assets | 28 | €15,000 | €15,000 | = | 0.0% |
| Current assets | 29/58 | €3,471 | €10,210 | +€6,739 | +194% |
| Amounts receivable within one year | 40/41 | €33 | €9,102 | +€9,068 | +27,127% |
| Trade receivables | 40 | €33 | €3,630 | +€3,597 | +10,759% |
| Other amounts receivable | 41 | - | €5,472 | +€5,472 | |
| Cash at bank and in hand | 54/58 | €3,175 | €1,049 | -€2,126 | -67.0% |
| Deferred charges and accrued income | 490/1 | €263 | €60 | -€203 | -77.3% |
| Total equity and liabilities | 10/49 | €34,624 | €82,499 | +€47,875 | +138% |
| Equity | 10/15 | -€24,177 | -€10,414 | +€13,763 | +56.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €95 | €95 | = | 0.0% |
| Distributable reserves | 133 | €95 | €95 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,872 | -€29,109 | +€13,763 | +32.1% |
| Amounts payable | 17/49 | €58,800 | €92,912 | +€34,112 | +58.0% |
| Amounts payable after more than one year | 17 | - | €25,976 | +€25,976 | |
| Financial debts | 170/4 | - | €25,976 | +€25,976 | |
| Amounts payable within one year | 42/48 | €58,800 | €66,937 | +€8,136 | +13.8% |
| Current portion of amounts payable after more than one year | 42 | - | €8,309 | +€8,309 | |
| Trade debts | 44 | €528 | €463 | -€65 | -12.3% |
| Suppliers | 440/4 | €528 | €463 | -€65 | -12.3% |
| Taxes, remuneration and social security | 45 | €1,454 | €2,128 | +€674 | +46.4% |
| Taxes | 450/3 | €1,454 | €2,128 | +€674 | +46.4% |
| Other amounts payable | 47/48 | €56,819 | €56,037 | -€782 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,864 | €7,109 | +€2,244 | +46.1% |
| Other operating charges | 640/8 | €710 | €5,362 | +€4,652 | +655% |
| Gross operating margin | 9900 | €8,782 | €29,763 | +€20,981 | +239% |
| Operating profit (loss) | 9901 | €3,208 | €17,293 | +€14,085 | +439% |
| Financial charges | 65/66B | €79 | €1,355 | +€1,276 | +1,618% |
| Recurring financial charges | 65 | €79 | €1,355 | +€1,276 | +1,618% |
| Profit (loss) for the period before taxes | 9903 | €3,129 | €15,937 | +€12,808 | +409% |
| Income taxes | 67/77 | €70 | €2,174 | +€2,105 | +3,012% |
| Profit (loss) for the period | 9904 | €3,059 | €13,763 | +€10,704 | +350% |
| Profit (loss) for the period to be appropriated | 9905 | €3,059 | €13,763 | +€10,704 | +350% |
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 14 October 2026 via checked.be.