VILVOORDE DEVELOPMENT: 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.
VILVOORDE DEVELOPMENT
Largest movements
- Stocks and contracts -€912,219
down €912,219 (-6.8%), from €13.3m to €12.4m
of which Stocks: -€672,741
- Receivables within one year -€250,493
down €250,493 (-87.9%), from €285,125 to €34,632
of which Other amounts receivable: -€188,429
- Profit (loss) carried forward -€1.5m
down €1.5m (-21.3%), from -€7.1m to -€8.7m
- Debts after one year +€259,373
up €259,373 (+1.9%), from €13.7m to €14.0m
- Gross operating margin +€151,734
up €151,734 (+14.6%), from -€1.0m to -€884,333
- Financial charges +€27,161
up €27,161 (+4.7%), from €579,968 to €607,129
- Provisions +€23,579
new in 2025: €23,579
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,630,656 | €12,467,943 | -€1.2m | -8.5% |
| Current assets | 29/58 | €13,630,656 | €12,467,943 | -€1.2m | -8.5% |
| Stocks and contracts in progress | 3 | €13,345,531 | €12,433,312 | -€912,219 | -6.8% |
| Stocks | 30/36 | €12,254,380 | €11,581,639 | -€672,741 | -5.5% |
| Contracts in progress | 37 | €1,091,151 | €851,673 | -€239,478 | -21.9% |
| Amounts receivable within one year | 40/41 | €285,125 | €34,632 | -€250,493 | -87.9% |
| Trade receivables | 40 | €96,696 | €34,632 | -€62,064 | -64.2% |
| Other amounts receivable | 41 | €188,429 | - | -€188,429 | |
| Total equity and liabilities | 10/49 | €13,630,656 | €12,467,943 | -€1.2m | -8.5% |
| Equity | 10/15 | -€669,257 | -€2,193,180 | -€1.5m | -227.7% |
| Contributions | 10/11 | €6,480,000 | €6,480,000 | = | 0.0% |
| Capital | 10 | €6,480,000 | €6,480,000 | = | 0.0% |
| Issued capital | 100 | €6,480,000 | €6,480,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,149,257 | -€8,673,180 | -€1.5m | -21.3% |
| Provisions and deferred taxes | 16 | - | €23,579 | +€23,579 | |
| Provisions for liabilities and charges | 160/5 | - | €23,579 | +€23,579 | |
| Other liabilities and charges | 164/5 | - | €23,579 | +€23,579 | |
| Amounts payable | 17/49 | €14,299,913 | €14,637,544 | +€337,631 | +2.4% |
| Amounts payable after more than one year | 17 | €13,745,750 | €14,005,123 | +€259,373 | +1.9% |
| Financial debts | 170/4 | €13,745,750 | €14,005,123 | +€259,373 | +1.9% |
| Amounts payable within one year | 42/48 | €526,663 | €607,671 | +€81,008 | +15.4% |
| Trade debts | 44 | €526,663 | €553,327 | +€26,664 | +5.1% |
| Suppliers | 440/4 | €526,663 | €553,327 | +€26,664 | +5.1% |
| Taxes, remuneration and social security | 45 | - | €54,345 | +€54,345 | |
| Taxes | 450/3 | - | €54,345 | +€54,345 | |
| Accrued charges and deferred income | 492/3 | €27,500 | €24,750 | -€2,750 | -10.0% |
| Non-recurring operating income | 76A | €96,281 | - | -€96,281 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €23,579 | +€23,579 | |
| Other operating charges | 640/8 | €17,065 | €8,984 | -€8,080 | -47.4% |
| Gross operating margin | 9900 | -€1,036,066 | -€884,333 | +€151,734 | +14.6% |
| Operating profit (loss) | 9901 | -€1,053,131 | -€916,896 | +€136,235 | +12.9% |
| Financial income | 75/76B | €0 | €102 | +€102 | +1019400.0% |
| Recurring financial income | 75 | €0 | €102 | +€102 | +1019400.0% |
| Financial charges | 65/66B | €579,968 | €607,129 | +€27,161 | +4.7% |
| Recurring financial charges | 65 | €579,968 | €607,129 | +€27,161 | +4.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,633,099 | -€1,523,923 | +€109,176 | +6.7% |
| Profit (loss) for the period | 9904 | -€1,633,099 | -€1,523,923 | +€109,176 | +6.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,633,099 | -€1,523,923 | +€109,176 | +6.7% |
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 5 October 2026 via checked.be.