VILLAROSA: 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.
VILLAROSA
Largest movements
- Cash +€5,951
up €5,951 (+84.7%), from €7,026 to €12,977
mainly Depreciation (+€5,011) and Trade debts (+€2,092)
- Tangible fixed assets -€5,011
down €5,011 (-47.8%), from €10,477 to €5,467
- Receivables within one year -€1,952
down €1,952 (-55.4%), from €3,522 to €1,570
of which Other amounts receivable: -€1,413
- Profit (loss) carried forward -€4,072
down €4,072 (-21.1%), from -€19,301 to -€23,373
- Trade debts +€2,092
up €2,092 (+203%), from €1,030 to €3,121
- Other debts +€587
new in 2025: €587
- Tax, wage and social debts +€382
up €382 (+18.9%), from €2,020 to €2,402
- Gross operating margin -€6,569
down €6,569 (-78.6%), from €8,357 to €1,788
- Depreciation -€349
down €349 (-6.5%), from €5,360 to €5,011
- Other operating charges -€308
down €308 (-82.4%), from €374 to €66
- Financial charges +€130
up €130 (+27.9%), from €465 to €594
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 | €23,455 | €22,443 | -€1,011 | -4.3% |
| Fixed assets | 21/28 | €10,567 | €5,557 | -€5,011 | -47.4% |
| Tangible fixed assets | 22/27 | €10,477 | €5,467 | -€5,011 | -47.8% |
| Other tangible fixed assets | 26 | €10,477 | €5,467 | -€5,011 | -47.8% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €12,887 | €16,887 | +€3,999 | +31.0% |
| Stocks and contracts in progress | 3 | €2,340 | €2,340 | = | 0.0% |
| Stocks | 30/36 | €2,340 | €2,340 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €3,522 | €1,570 | -€1,952 | -55.4% |
| Trade receivables | 40 | €539 | - | -€539 | |
| Other amounts receivable | 41 | €2,983 | €1,570 | -€1,413 | -47.4% |
| Cash at bank and in hand | 54/58 | €7,026 | €12,977 | +€5,951 | +84.7% |
| Total equity and liabilities | 10/49 | €23,455 | €22,443 | -€1,011 | -4.3% |
| Equity | 10/15 | €20,404 | €16,332 | -€4,072 | -20.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €21,105 | €21,105 | = | 0.0% |
| Tax-exempt reserves | 132 | €21,105 | €21,105 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,301 | -€23,373 | -€4,072 | -21.1% |
| Amounts payable | 17/49 | €3,050 | €6,111 | +€3,061 | +100% |
| Amounts payable within one year | 42/48 | €3,050 | €6,111 | +€3,061 | +100% |
| Trade debts | 44 | €1,030 | €3,121 | +€2,092 | +203% |
| Suppliers | 440/4 | €1,030 | €3,121 | +€2,092 | +203% |
| Taxes, remuneration and social security | 45 | €2,020 | €2,402 | +€382 | +18.9% |
| Taxes | 450/3 | €2,020 | €2,402 | +€382 | +18.9% |
| Other amounts payable | 47/48 | - | €587 | +€587 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,360 | €5,011 | -€349 | -6.5% |
| Other operating charges | 640/8 | €374 | €66 | -€308 | -82.4% |
| Non-recurring operating charges | 66A | - | €190 | +€190 | |
| Gross operating margin | 9900 | €8,357 | €1,788 | -€6,569 | -78.6% |
| Operating profit (loss) | 9901 | €2,624 | -€3,478 | -€6,102 | |
| Financial income | 75/76B | €1 | €0 | -€1 | -90.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -90.0% |
| Financial charges | 65/66B | €465 | €594 | +€130 | +27.9% |
| Recurring financial charges | 65 | €465 | €594 | +€130 | +27.9% |
| Profit (loss) for the period before taxes | 9903 | €2,160 | -€4,072 | -€6,232 | |
| Profit (loss) for the period | 9904 | €2,160 | -€4,072 | -€6,232 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,160 | -€4,072 | -€6,232 |
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.