VILO: 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.
VILO
Largest movements
- Receivables within one year +€33,908
up €33,908 (+36.9%), from €91,808 to €125,717
of which Trade receivables: +€33,908
- Cash -€16,235
down €16,235 (-86.9%), from €18,675 to €2,440
mainly Receivables within one year (-€33,908) and Contributions, distributions and other (-€24,000)
- Reserves +€19,941
up €19,941 (+50.5%), from €39,487 to €59,428
of which Distributable reserves: +€21,801
- Gross operating margin +€17,943
up €17,943 (+26.9%), from €66,766 to €84,709
- Taxes +€5,142
up €5,142 (+177%), from €2,907 to €8,050
- Other operating charges +€1,999
up €1,999 (+59.9%), from €3,336 to €5,335
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 | €1,063,038 | €1,069,366 | +€6,328 | +0.6% |
| Fixed assets | 21/28 | €950,553 | €941,209 | -€9,343 | -1.0% |
| Tangible fixed assets | 22/27 | €390,463 | €381,119 | -€9,343 | -2.4% |
| Land and buildings | 22 | €390,192 | €364,605 | -€25,587 | -6.6% |
| Furniture and vehicles | 24 | €270 | €16,514 | +€16,244 | +6,008% |
| Financial fixed assets | 28 | €560,090 | €560,090 | = | 0.0% |
| Current assets | 29/58 | €112,485 | €128,157 | +€15,672 | +13.9% |
| Amounts receivable within one year | 40/41 | €91,808 | €125,717 | +€33,908 | +36.9% |
| Trade receivables | 40 | €37,025 | €70,933 | +€33,908 | +91.6% |
| Other amounts receivable | 41 | €54,784 | €54,784 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €18,675 | €2,440 | -€16,235 | -86.9% |
| Deferred charges and accrued income | 490/1 | €2,002 | €0 | -€2,002 | -100% |
| Total equity and liabilities | 10/49 | €1,063,038 | €1,069,366 | +€6,328 | +0.6% |
| Equity | 10/15 | €45,687 | €65,628 | +€19,941 | +43.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €39,487 | €59,428 | +€19,941 | +50.5% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €37,627 | €59,428 | +€21,801 | +57.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €48,679 | €48,679 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €48,679 | €48,679 | = | 0.0% |
| Pensions and similar obligations | 160 | €48,679 | €48,679 | = | 0.0% |
| Amounts payable | 17/49 | €968,672 | €955,059 | -€13,613 | -1.4% |
| Amounts payable after more than one year | 17 | €1,268 | €0 | -€1,268 | -100% |
| Financial debts | 170/4 | €1,268 | €0 | -€1,268 | -100% |
| Amounts payable within one year | 42/48 | €956,080 | €945,207 | -€10,874 | -1.1% |
| Current portion of amounts payable after more than one year | 42 | €7,575 | €1,268 | -€6,307 | -83.3% |
| Trade debts | 44 | €3,001 | €3,553 | +€552 | +18.4% |
| Suppliers | 440/4 | €3,001 | €3,553 | +€552 | +18.4% |
| Taxes, remuneration and social security | 45 | €25,996 | €31,050 | +€5,055 | +19.4% |
| Taxes | 450/3 | €25,996 | €31,050 | +€5,055 | +19.4% |
| Other amounts payable | 47/48 | €919,509 | €909,335 | -€10,173 | -1.1% |
| Accrued charges and deferred income | 492/3 | €11,324 | €9,852 | -€1,471 | -13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,424 | €26,815 | +€391 | +1.5% |
| Other operating charges | 640/8 | €3,336 | €5,335 | +€1,999 | +59.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €66,766 | €84,709 | +€17,943 | +26.9% |
| Operating profit (loss) | 9901 | €37,006 | €52,559 | +€15,552 | +42.0% |
| Financial income | 75/76B | €46 | €13 | -€34 | -72.7% |
| Recurring financial income | 75 | €46 | €13 | -€34 | -72.7% |
| Financial charges | 65/66B | €1,405 | €581 | -€825 | -58.7% |
| Recurring financial charges | 65 | €1,405 | €581 | -€825 | -58.7% |
| Profit (loss) for the period before taxes | 9903 | €35,647 | €51,991 | +€16,343 | +45.8% |
| Income taxes | 67/77 | €2,907 | €8,050 | +€5,142 | +177% |
| Profit (loss) for the period | 9904 | €32,740 | €43,941 | +€11,201 | +34.2% |
| Profit (loss) for the period to be appropriated | 9905 | €32,740 | €43,941 | +€11,201 | +34.2% |
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 17 October 2026 via checked.be.