Villegas: what changed
Two fiscal 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.
Villegas
Largest movements
- Tangible fixed assets +€35,890
up €35,890 (+41.9%), from €85,592 to €121,482
- Profit (loss) carried forward +€32,066
up €32,066 (+107.8%), from €29,737 to €61,804
- Trade debts -€6,410
down €6,410 (-58.6%), from €10,931 to €4,521
- Tax, wage and social debts +€4,979
up €4,979 (+81.8%), from €6,085 to €11,064
- Gross operating margin +€9,602
up €9,602 (+20.9%), from €45,918 to €55,520
- Depreciation -€7,297
down €7,297 (-41.0%), from €17,795 to €10,498
- Taxes +€4,015
up €4,015 (+52.8%), from €7,607 to €11,622
- Financial income +€1,114
up €1,114 (+33.7%), from €3,311 to €4,425
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.
Cash bridge derived
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 | €293,291 | €323,290 | +€29,999 | +10.2% |
| Fixed assets | 21/28 | €85,592 | €121,482 | +€35,890 | +41.9% |
| Tangible fixed assets | 22/27 | €85,592 | €121,482 | +€35,890 | +41.9% |
| Land and buildings | 22 | €85,592 | €121,482 | +€35,890 | +41.9% |
| Current assets | 29/58 | €207,699 | €201,808 | -€5,891 | -2.8% |
| Amounts receivable within one year | 40/41 | €91,420 | €88,445 | -€2,975 | -3.3% |
| Trade receivables | 40 | €5,824 | €303 | -€5,521 | -94.8% |
| Other amounts receivable | 41 | €85,596 | €88,143 | +€2,547 | +3.0% |
| Cash at bank and in hand | 54/58 | €115,171 | €112,200 | -€2,971 | -2.6% |
| Deferred charges and accrued income | 490/1 | €1,108 | €1,162 | +€55 | +4.9% |
| Total equity and liabilities | 10/49 | €293,291 | €323,290 | +€29,999 | +10.2% |
| Equity | 10/15 | €272,271 | €304,337 | +€32,066 | +11.8% |
| Contributions | 10/11 | €202,303 | €202,303 | = | 0.0% |
| Capital | 10 | €202,303 | €202,303 | = | 0.0% |
| Issued capital | 100 | €202,303 | €202,303 | = | 0.0% |
| Reserves | 13 | €40,230 | €40,230 | = | 0.0% |
| Non-distributable reserves | 130/1 | €40,230 | €40,230 | = | 0.0% |
| Legal reserve | 130 | €40,230 | €40,230 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,737 | €61,804 | +€32,066 | +107.8% |
| Amounts payable | 17/49 | €21,020 | €18,953 | -€2,067 | -9.8% |
| Amounts payable within one year | 42/48 | €18,445 | €15,801 | -€2,644 | -14.3% |
| Trade debts | 44 | €10,931 | €4,521 | -€6,410 | -58.6% |
| Suppliers | 440/4 | €10,931 | €4,521 | -€6,410 | -58.6% |
| Taxes, remuneration and social security | 45 | €6,085 | €11,064 | +€4,979 | +81.8% |
| Taxes | 450/3 | €6,085 | €11,064 | +€4,979 | +81.8% |
| Other amounts payable | 47/48 | €1,429 | €216 | -€1,213 | -84.9% |
| Accrued charges and deferred income | 492/3 | €2,575 | €3,152 | +€577 | +22.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,795 | €10,498 | -€7,297 | -41.0% |
| Other operating charges | 640/8 | €5,399 | €5,598 | +€200 | +3.7% |
| Non-recurring operating charges | 66A | - | €0 | +€0 | |
| Gross operating margin | 9900 | €45,918 | €55,520 | +€9,602 | +20.9% |
| Operating profit (loss) | 9901 | €22,724 | €39,424 | +€16,699 | +73.5% |
| Financial income | 75/76B | €3,311 | €4,425 | +€1,114 | +33.7% |
| Recurring financial income | 75 | €3,311 | €4,425 | +€1,114 | +33.7% |
| Financial charges | 65/66B | €226 | €161 | -€66 | -29.0% |
| Recurring financial charges | 65 | €226 | €161 | -€66 | -29.0% |
| Profit (loss) for the period before taxes | 9903 | €25,809 | €43,688 | +€17,879 | +69.3% |
| Income taxes | 67/77 | €7,607 | €11,622 | +€4,015 | +52.8% |
| Profit (loss) for the period | 9904 | €18,202 | €32,066 | +€13,864 | +76.2% |
| Profit (loss) for the period to be appropriated | 9905 | €18,202 | €32,066 | +€13,864 | +76.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.