VILSEC: 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.
VILSEC
Largest movements
- Tangible fixed assets -€17,480
down €17,480 (-3.3%), from €524,814 to €507,334
of which Other tangible fixed assets: -€16,270
- Debts after one year +€49,101
up €49,101 (+8.6%), from €572,017 to €621,118
- Current portion of long-term debt -€37,895
no longer reported in 2024 (was €37,895)
- Profit (loss) carried forward -€15,669
down €15,669 (-12.0%), from -€130,362 to -€146,031
- Trade debts -€14,020
down €14,020 (-58.1%), from €24,139 to €10,119
- Gross operating margin -€17,790
down €17,790 (-90.4%), from €19,671 to €1,881
- Depreciation +€8,740
up €8,740 (+100.0%), from €8,740 to €17,480
- Taxes -€2,585
no longer reported in 2024 (was €2,585)
- Other operating charges -€472
no longer reported in 2024 (was €472)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €536,496 | €518,013 | -€18,483 | -3.4% |
| Fixed assets | 21/28 | €525,464 | €507,984 | -€17,480 | -3.3% |
| Tangible fixed assets | 22/27 | €524,814 | €507,334 | -€17,480 | -3.3% |
| Land and buildings | 22 | €207,556 | €206,346 | -€1,210 | -0.6% |
| Other tangible fixed assets | 26 | €317,258 | €300,988 | -€16,270 | -5.1% |
| Financial fixed assets | 28 | €650 | €650 | = | 0.0% |
| Current assets | 29/58 | €11,032 | €10,029 | -€1,003 | -9.1% |
| Amounts receivable within one year | 40/41 | €10,029 | €10,029 | = | 0.0% |
| Other amounts receivable | 41 | €10,029 | €10,029 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,003 | - | -€1,003 | |
| Total equity and liabilities | 10/49 | €536,496 | €518,013 | -€18,483 | -3.4% |
| Equity | 10/15 | -€109,911 | -€125,580 | -€15,669 | -14.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€130,362 | -€146,031 | -€15,669 | -12.0% |
| Amounts payable | 17/49 | €646,407 | €643,593 | -€2,814 | -0.4% |
| Amounts payable after more than one year | 17 | €572,017 | €621,118 | +€49,101 | +8.6% |
| Financial debts | 170/4 | €572,017 | €621,118 | +€49,101 | +8.6% |
| Amounts payable within one year | 42/48 | €74,390 | €22,475 | -€51,915 | -69.8% |
| Current portion of amounts payable after more than one year | 42 | €37,895 | - | -€37,895 | |
| Trade debts | 44 | €24,139 | €10,119 | -€14,020 | -58.1% |
| Suppliers | 440/4 | €24,139 | €10,119 | -€14,020 | -58.1% |
| Taxes, remuneration and social security | 45 | €12,111 | €12,111 | = | 0.0% |
| Taxes | 450/3 | €12,111 | €12,111 | = | 0.0% |
| Other amounts payable | 47/48 | €245 | €245 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,740 | €17,480 | +€8,740 | +100.0% |
| Other operating charges | 640/8 | €472 | - | -€472 | |
| Gross operating margin | 9900 | €19,671 | €1,881 | -€17,790 | -90.4% |
| Operating profit (loss) | 9901 | €10,459 | -€15,599 | -€26,058 | |
| Financial charges | 65/66B | €120 | €70 | -€50 | -41.7% |
| Recurring financial charges | 65 | €120 | €70 | -€50 | -41.7% |
| Profit (loss) for the period before taxes | 9903 | €10,339 | -€15,669 | -€26,008 | |
| Income taxes | 67/77 | €2,585 | - | -€2,585 | |
| Profit (loss) for the period | 9904 | €7,754 | -€15,669 | -€23,423 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,754 | -€15,669 | -€23,423 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.