VILLA14: 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.
VILLA14
Largest movements
- Receivables within one year -€82,054
down €82,054 (-30.6%), from €268,358 to €186,304
of which Other amounts receivable: -€65,050
- Cash +€16,147
up €16,147 (+326%), from €4,954 to €21,101
mainly Receivables within one year (+€82,054) and Net result for the year (+€73,479)
- Tangible fixed assets -€15,429
down €15,429 (-9.0%), from €170,575 to €155,146
of which Furniture and vehicles: -€12,516
- Debts after one year -€148,877
down €148,877 (-51.3%), from €290,368 to €141,491
- Reserves +€71,813
up €71,813 (+59.6%), from €120,528 to €192,341
- Trade debts -€6,610
down €6,610 (-49.5%), from €13,362 to €6,752
- Taxes -€14,896
down €14,896 (-45.8%), from €32,500 to €17,604
- Gross operating margin -€13,134
down €13,134 (-9.7%), from €135,480 to €122,346
- Depreciation -€11,313
down €11,313 (-37.3%), from €30,291 to €18,978
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 | €444,386 | €363,050 | -€81,336 | -18.3% |
| Fixed assets | 21/28 | €171,075 | €155,646 | -€15,429 | -9.0% |
| Tangible fixed assets | 22/27 | €170,575 | €155,146 | -€15,429 | -9.0% |
| Land and buildings | 22 | €117,811 | €113,034 | -€4,778 | -4.1% |
| Plant, machinery and equipment | 23 | €2,185 | €4,050 | +€1,865 | +85.4% |
| Furniture and vehicles | 24 | €50,578 | €38,062 | -€12,516 | -24.7% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €273,312 | €207,404 | -€65,907 | -24.1% |
| Amounts receivable within one year | 40/41 | €268,358 | €186,304 | -€82,054 | -30.6% |
| Trade receivables | 40 | €24,124 | €7,120 | -€17,004 | -70.5% |
| Other amounts receivable | 41 | €244,233 | €179,184 | -€65,050 | -26.6% |
| Cash at bank and in hand | 54/58 | €4,954 | €21,101 | +€16,147 | +326% |
| Total equity and liabilities | 10/49 | €444,386 | €363,050 | -€81,336 | -18.3% |
| Equity | 10/15 | €121,569 | €193,383 | +€71,813 | +59.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €120,528 | €192,341 | +€71,813 | +59.6% |
| Distributable reserves | 133 | €120,528 | €192,341 | +€71,813 | +59.6% |
| Profit (loss) carried forward | 14 | €42 | €42 | = | 0.0% |
| Amounts payable | 17/49 | €322,817 | €169,668 | -€153,149 | -47.4% |
| Amounts payable after more than one year | 17 | €290,368 | €141,491 | -€148,877 | -51.3% |
| Financial debts | 170/4 | €290,368 | €141,491 | -€148,877 | -51.3% |
| Amounts payable within one year | 42/48 | €32,449 | €28,177 | -€4,272 | -13.2% |
| Current portion of amounts payable after more than one year | 42 | €13,311 | €13,877 | +€566 | +4.3% |
| Financial debts | 43 | €1,262 | - | -€1,262 | |
| Credit institutions | 430/8 | €1,262 | - | -€1,262 | |
| Trade debts | 44 | €13,362 | €6,752 | -€6,610 | -49.5% |
| Suppliers | 440/4 | €13,362 | €6,752 | -€6,610 | -49.5% |
| Taxes, remuneration and social security | 45 | €4,480 | €7,547 | +€3,067 | +68.5% |
| Taxes | 450/3 | €4,480 | €7,547 | +€3,067 | +68.5% |
| Other amounts payable | 47/48 | €34 | - | -€34 | |
| Non-recurring operating income | 76A | €125,447 | - | -€125,447 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,291 | €18,978 | -€11,313 | -37.3% |
| Other operating charges | 640/8 | €2,196 | €2,759 | +€564 | +25.7% |
| Gross operating margin | 9900 | €135,480 | €122,346 | -€13,134 | -9.7% |
| Operating profit (loss) | 9901 | €102,994 | €100,609 | -€2,385 | -2.3% |
| Financial charges | 65/66B | €8,772 | €9,526 | +€753 | +8.6% |
| Recurring financial charges | 65 | €8,772 | €9,526 | +€753 | +8.6% |
| Profit (loss) for the period before taxes | 9903 | €94,221 | €91,083 | -€3,138 | -3.3% |
| Income taxes | 67/77 | €32,500 | €17,604 | -€14,896 | -45.8% |
| Profit (loss) for the period | 9904 | €61,721 | €73,479 | +€11,758 | +19.1% |
| Profit (loss) for the period to be appropriated | 9905 | €61,721 | €73,479 | +€11,758 | +19.1% |
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 15 October 2026 via checked.be.