VILVAN: 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.
VILVAN
Largest movements
- Cash -€61,342
down €61,342 (-85.5%), from €71,709 to €10,367
mainly Other debts (-€87,826) and Debts after one year (-€36,151)
- Tangible fixed assets -€55,679
down €55,679 (-3.1%), from €1.8m to €1.8m
of which Land and buildings: -€60,825
- Other debts -€87,826
down €87,826 (-14.5%), from €604,569 to €516,743
- Debts after one year -€36,151
down €36,151 (-3.2%), from €1.1m to €1.1m
of which Financial debts: -€36,151
- Taxes -€3,443
down €3,443 (-43.0%), from €8,006 to €4,563
- Gross operating margin -€2,783
down €2,783 (-2.3%), from €123,475 to €120,692
- Financial charges -€1,789
down €1,789 (-17.4%), from €10,273 to €8,484
- Other operating charges +€1,671
up €1,671 (+8.6%), from €19,372 to €21,043
- Depreciation +€1,281
up €1,281 (+1.8%), from €70,464 to €71,745
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 | €1,899,216 | €1,782,679 | -€116,537 | -6.1% |
| Fixed assets | 21/28 | €1,824,965 | €1,769,286 | -€55,679 | -3.1% |
| Tangible fixed assets | 22/27 | €1,824,665 | €1,768,986 | -€55,679 | -3.1% |
| Land and buildings | 22 | €1,804,212 | €1,743,387 | -€60,825 | -3.4% |
| Plant, machinery and equipment | 23 | €20,453 | €25,600 | +€5,147 | +25.2% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €74,252 | €13,393 | -€60,859 | -82.0% |
| Amounts receivable within one year | 40/41 | - | €362 | +€362 | |
| Other amounts receivable | 41 | - | €362 | +€362 | |
| Cash at bank and in hand | 54/58 | €71,709 | €10,367 | -€61,342 | -85.5% |
| Deferred charges and accrued income | 490/1 | €2,543 | €2,664 | +€122 | +4.8% |
| Total equity and liabilities | 10/49 | €1,899,216 | €1,782,679 | -€116,537 | -6.1% |
| Equity | 10/15 | €120,564 | €131,621 | +€11,057 | +9.2% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €70,564 | €81,621 | +€11,057 | +15.7% |
| Non-distributable reserves | 130/1 | €5,000 | €0 | -€5,000 | -100.0% |
| Reserves not available under the articles | 1311 | €5,000 | €0 | -€5,000 | -100.0% |
| Distributable reserves | 133 | €65,564 | €81,621 | +€16,057 | +24.5% |
| Amounts payable | 17/49 | €1,778,652 | €1,651,058 | -€127,594 | -7.2% |
| Amounts payable after more than one year | 17 | €1,132,644 | €1,096,492 | -€36,151 | -3.2% |
| Financial debts | 170/4 | €139,226 | €103,074 | -€36,151 | -26.0% |
| Other amounts payable | 178/9 | €993,418 | €993,418 | = | 0.0% |
| Amounts payable within one year | 42/48 | €646,008 | €554,566 | -€91,443 | -14.2% |
| Current portion of amounts payable after more than one year | 42 | €34,285 | €36,151 | +€1,866 | +5.4% |
| Trade debts | 44 | €4,149 | €1,671 | -€2,477 | -59.7% |
| Suppliers | 440/4 | €4,149 | €1,671 | -€2,477 | -59.7% |
| Taxes, remuneration and social security | 45 | €3,006 | €0 | -€3,006 | -100.0% |
| Taxes | 450/3 | €3,006 | €0 | -€3,006 | -100.0% |
| Other amounts payable | 47/48 | €604,569 | €516,743 | -€87,826 | -14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,464 | €71,745 | +€1,281 | +1.8% |
| Other operating charges | 640/8 | €19,372 | €21,043 | +€1,671 | +8.6% |
| Non-recurring operating charges | 66A | - | €4,000 | +€4,000 | |
| Gross operating margin | 9900 | €123,475 | €120,692 | -€2,783 | -2.3% |
| Operating profit (loss) | 9901 | €33,640 | €23,904 | -€9,736 | -28.9% |
| Financial income | 75/76B | €1,250 | €200 | -€1,050 | -84.0% |
| Recurring financial income | 75 | €1,250 | €200 | -€1,050 | -84.0% |
| Financial charges | 65/66B | €10,273 | €8,484 | -€1,789 | -17.4% |
| Recurring financial charges | 65 | €10,273 | €8,484 | -€1,789 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | €24,617 | €15,620 | -€8,997 | -36.5% |
| Income taxes | 67/77 | €8,006 | €4,563 | -€3,443 | -43.0% |
| Profit (loss) for the period | 9904 | €16,611 | €11,057 | -€5,555 | -33.4% |
| Profit (loss) for the period to be appropriated | 9905 | €16,611 | €11,057 | -€5,555 | -33.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.