VILMAR: 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.
VILMAR
Largest movements
- Receivables within one year -€102,442
down €102,442 (-34.2%), from €299,735 to €197,293
of which Other amounts receivable: -€93,873
- Tangible fixed assets -€78,625
down €78,625 (-5.6%), from €1.4m to €1.3m
of which Land and buildings: -€65,898
- Debts after one year -€114,223
down €114,223 (-16.0%), from €714,223 to €600,000
- Profit (loss) carried forward -€44,571
down €44,571 (-10.7%), from -€417,249 to -€461,820
- Accrued charges and deferred income +€27,146
up €27,146 (+85.6%), from €31,726 to €58,872
- Other debts -€25,348
down €25,348 (-4.6%), from €553,261 to €527,913
- Gross operating margin -€38,753
down €38,753 (-25.3%), from €153,022 to €114,269
- Financial income -€16,690
down €16,690 (-89.2%), from €18,705 to €2,014
- Financial charges -€11,681
down €11,681 (-21.6%), from €54,080 to €42,399
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 | €1,913,802 | €1,735,313 | -€178,489 | -9.3% |
| Fixed assets | 21/28 | €1,412,422 | €1,333,797 | -€78,625 | -5.6% |
| Tangible fixed assets | 22/27 | €1,412,422 | €1,333,797 | -€78,625 | -5.6% |
| Land and buildings | 22 | €1,343,889 | €1,277,991 | -€65,898 | -4.9% |
| Plant, machinery and equipment | 23 | €12,822 | €9,859 | -€2,963 | -23.1% |
| Furniture and vehicles | 24 | €55,711 | €45,947 | -€9,764 | -17.5% |
| Current assets | 29/58 | €501,380 | €401,516 | -€99,864 | -19.9% |
| Amounts receivable after more than one year | 29 | €200,000 | €200,000 | = | 0.0% |
| Other amounts receivable | 291 | €200,000 | €200,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €299,735 | €197,293 | -€102,442 | -34.2% |
| Trade receivables | 40 | €52,468 | €43,900 | -€8,568 | -16.3% |
| Other amounts receivable | 41 | €247,267 | €153,393 | -€93,873 | -38.0% |
| Cash at bank and in hand | 54/58 | €1,645 | €355 | -€1,291 | -78.5% |
| Deferred charges and accrued income | 490/1 | €0 | €3,868 | +€3,868 | |
| Total equity and liabilities | 10/49 | €1,913,802 | €1,735,313 | -€178,489 | -9.3% |
| Equity | 10/15 | €567,751 | €523,180 | -€44,571 | -7.9% |
| Contributions | 10/11 | €985,000 | €985,000 | = | 0.0% |
| Capital | 10 | €985,000 | €985,000 | = | 0.0% |
| Issued capital | 100 | €985,000 | €985,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€417,249 | -€461,820 | -€44,571 | -10.7% |
| Amounts payable | 17/49 | €1,346,051 | €1,212,133 | -€133,918 | -9.9% |
| Amounts payable after more than one year | 17 | €714,223 | €600,000 | -€114,223 | -16.0% |
| Financial debts | 170/4 | €714,223 | €600,000 | -€114,223 | -16.0% |
| Amounts payable within one year | 42/48 | €600,102 | €553,261 | -€46,841 | -7.8% |
| Current portion of amounts payable after more than one year | 42 | €25,469 | €14,223 | -€11,246 | -44.2% |
| Trade debts | 44 | €7,934 | €6,519 | -€1,415 | -17.8% |
| Suppliers | 440/4 | €7,934 | €6,519 | -€1,415 | -17.8% |
| Taxes, remuneration and social security | 45 | €13,437 | €4,606 | -€8,831 | -65.7% |
| Taxes | 450/3 | €13,437 | €4,606 | -€8,831 | -65.7% |
| Other amounts payable | 47/48 | €553,261 | €527,913 | -€25,348 | -4.6% |
| Accrued charges and deferred income | 492/3 | €31,726 | €58,872 | +€27,146 | +85.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €113,934 | €112,902 | -€1,032 | -0.9% |
| Other operating charges | 640/8 | €5,502 | €5,168 | -€334 | -6.1% |
| Gross operating margin | 9900 | €153,022 | €114,269 | -€38,753 | -25.3% |
| Operating profit (loss) | 9901 | €33,586 | -€3,800 | -€37,386 | |
| Financial income | 75/76B | €18,705 | €2,014 | -€16,690 | -89.2% |
| Recurring financial income | 75 | €18,705 | €2,014 | -€16,690 | -89.2% |
| Financial charges | 65/66B | €54,080 | €42,399 | -€11,681 | -21.6% |
| Recurring financial charges | 65 | €54,080 | €42,399 | -€11,681 | -21.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,790 | -€44,185 | -€42,395 | -2368.7% |
| Income taxes | 67/77 | €720 | €386 | -€334 | -46.4% |
| Profit (loss) for the period | 9904 | -€2,510 | -€44,571 | -€42,061 | -1675.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,510 | -€44,571 | -€42,061 | -1675.9% |
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 8 October 2026 via checked.be.