VILLENIER: 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.
VILLENIER
Largest movements
- Receivables within one year +€53,836
up €53,836 (+185%), from €29,029 to €82,865
- Financial fixed assets +€40,000
up €40,000 (+417%), from €9,600 to €49,600
- Cash -€8,641
down €8,641 (-93.2%), from €9,271 to €630
mainly Receivables within one year (-€53,836) and Investment in fixed assets (net) (-€40,000)
- Deferred charges and accrued income -€1,536
down €1,536 (-99.0%), from €1,551 to €15
- Tangible fixed assets -€1,500
down €1,500 (-52.2%), from €2,875 to €1,375
- Debts after one year +€38,511
up €38,511 (+2,586%), from €1,489 to €40,000
- Profit (loss) carried forward +€29,044
up €29,044 (+195%), from €14,908 to €43,953
- Tax, wage and social debts +€14,940
up €14,940 (+82.5%), from €18,116 to €33,055
of which Taxes: +€7,491
- Gross operating margin +€16,128
up €16,128 (+68.7%), from €23,461 to €39,588
- Taxes +€3,185
up €3,185 (+69.8%), from €4,566 to €7,751
- Financial charges -€1,627
down €1,627 (-89.0%), from €1,827 to €200
- Other operating charges +€559
up €559 (+105%), from €534 to €1,093
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 | €52,326 | €134,484 | +€82,159 | +157% |
| Fixed assets | 21/28 | €12,475 | €50,975 | +€38,500 | +309% |
| Tangible fixed assets | 22/27 | €2,875 | €1,375 | -€1,500 | -52.2% |
| Furniture and vehicles | 24 | €2,875 | €1,375 | -€1,500 | -52.2% |
| Financial fixed assets | 28 | €9,600 | €49,600 | +€40,000 | +417% |
| Current assets | 29/58 | €39,851 | €83,509 | +€43,659 | +110% |
| Amounts receivable within one year | 40/41 | €29,029 | €82,865 | +€53,836 | +185% |
| Trade receivables | 40 | €29,029 | €82,865 | +€53,836 | +185% |
| Cash at bank and in hand | 54/58 | €9,271 | €630 | -€8,641 | -93.2% |
| Deferred charges and accrued income | 490/1 | €1,551 | €15 | -€1,536 | -99.0% |
| Total equity and liabilities | 10/49 | €52,326 | €134,484 | +€82,159 | +157% |
| Equity | 10/15 | €14,908 | €43,953 | +€29,044 | +195% |
| Profit (loss) carried forward | 14 | €14,908 | €43,953 | +€29,044 | +195% |
| Amounts payable | 17/49 | €37,417 | €90,532 | +€53,114 | +142% |
| Amounts payable after more than one year | 17 | €1,489 | €40,000 | +€38,511 | +2,586% |
| Financial debts | 170/4 | €1,489 | €40,000 | +€38,511 | +2,586% |
| Amounts payable within one year | 42/48 | €35,928 | €50,267 | +€14,339 | +39.9% |
| Current portion of amounts payable after more than one year | 42 | €1,499 | €1,489 | -€10 | -0.7% |
| Trade debts | 44 | €3,129 | €3,809 | +€680 | +21.7% |
| Suppliers | 440/4 | €3,129 | €3,809 | +€680 | +21.7% |
| Taxes, remuneration and social security | 45 | €18,116 | €33,055 | +€14,940 | +82.5% |
| Taxes | 450/3 | €11,374 | €18,864 | +€7,491 | +65.9% |
| Remuneration and social security | 454/9 | €6,742 | €14,191 | +€7,449 | +110% |
| Other amounts payable | 47/48 | €13,185 | €11,914 | -€1,271 | -9.6% |
| Accrued charges and deferred income | 492/3 | - | €265 | +€265 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,625 | €1,500 | -€125 | -7.7% |
| Other operating charges | 640/8 | €534 | €1,093 | +€559 | +105% |
| Gross operating margin | 9900 | €23,461 | €39,588 | +€16,128 | +68.7% |
| Operating profit (loss) | 9901 | €21,301 | €36,995 | +€15,694 | +73.7% |
| Financial charges | 65/66B | €1,827 | €200 | -€1,627 | -89.0% |
| Recurring financial charges | 65 | €1,827 | €200 | -€1,627 | -89.0% |
| Profit (loss) for the period before taxes | 9903 | €19,474 | €36,795 | +€17,321 | +88.9% |
| Income taxes | 67/77 | €4,566 | €7,751 | +€3,185 | +69.8% |
| Profit (loss) for the period | 9904 | €14,908 | €29,044 | +€14,136 | +94.8% |
| Profit (loss) for the period to be appropriated | 9905 | €14,908 | €29,044 | +€14,136 | +94.8% |
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 25 October 2026 via checked.be.