VL EVENTS: 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.
VL EVENTS
Largest movements
- Receivables within one year -€3,787
down €3,787 (-16.7%), from €22,719 to €18,932
of which Other amounts receivable: -€3,349
- Deferred charges and accrued income +€1,921
up €1,921 (+386%), from €497 to €2,419
- Cash +€1,116
up €1,116 (+48.1%), from €2,323 to €3,439
mainly Receivables within one year (+€3,787) and Trade debts (+€2,065)
- Tangible fixed assets -€378
down €378 (-54.1%), from €699 to €321
- Tax, wage and social debts -€4,564
down €4,564 (-66.3%), from €6,879 to €2,315
- Trade debts +€2,065
up €2,065 (+242%), from €854 to €2,919
- Profit (loss) carried forward +€1,370
up €1,370 (+8.8%), from €15,639 to €17,009
- Gross operating margin -€11,499
down €11,499 (-46.3%), from €24,862 to €13,363
- Taxes -€4,187
down €4,187 (-59.3%), from €7,065 to €2,878
- Financial charges +€833
up €833 (+32.8%), from €2,537 to €3,371
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 | €26,238 | €25,111 | -€1,127 | -4.3% |
| Fixed assets | 21/28 | €699 | €321 | -€378 | -54.1% |
| Tangible fixed assets | 22/27 | €699 | €321 | -€378 | -54.1% |
| Furniture and vehicles | 24 | €699 | €321 | -€378 | -54.1% |
| Current assets | 29/58 | €25,539 | €24,790 | -€749 | -2.9% |
| Amounts receivable within one year | 40/41 | €22,719 | €18,932 | -€3,787 | -16.7% |
| Trade receivables | 40 | €1,466 | €1,029 | -€438 | -29.9% |
| Other amounts receivable | 41 | €21,253 | €17,904 | -€3,349 | -15.8% |
| Cash at bank and in hand | 54/58 | €2,323 | €3,439 | +€1,116 | +48.1% |
| Deferred charges and accrued income | 490/1 | €497 | €2,419 | +€1,921 | +386% |
| Total equity and liabilities | 10/49 | €26,238 | €25,111 | -€1,127 | -4.3% |
| Equity | 10/15 | €16,939 | €18,309 | +€1,370 | +8.1% |
| Contributions | 10/11 | €1,300 | €1,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,639 | €17,009 | +€1,370 | +8.8% |
| Amounts payable | 17/49 | €9,299 | €6,801 | -€2,498 | -26.9% |
| Amounts payable within one year | 42/48 | €7,733 | €5,234 | -€2,499 | -32.3% |
| Trade debts | 44 | €854 | €2,919 | +€2,065 | +242% |
| Suppliers | 440/4 | €854 | €2,919 | +€2,065 | +242% |
| Taxes, remuneration and social security | 45 | €6,879 | €2,315 | -€4,564 | -66.3% |
| Taxes | 450/3 | €6,879 | €2,315 | -€4,564 | -66.3% |
| Accrued charges and deferred income | 492/3 | €1,566 | €1,567 | +€1 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €378 | €378 | = | 0.0% |
| Other operating charges | 640/8 | €2,165 | €2,040 | -€126 | -5.8% |
| Non-recurring operating charges | 66A | - | €3,332 | +€3,332 | |
| Gross operating margin | 9900 | €24,862 | €13,363 | -€11,499 | -46.3% |
| Operating profit (loss) | 9901 | €22,318 | €7,613 | -€14,705 | -65.9% |
| Financial income | 75/76B | €0 | €6 | +€5 | +2,956% |
| Recurring financial income | 75 | €0 | €6 | +€5 | +2,956% |
| Financial charges | 65/66B | €2,537 | €3,371 | +€833 | +32.8% |
| Recurring financial charges | 65 | €2,537 | €3,371 | +€833 | +32.8% |
| Profit (loss) for the period before taxes | 9903 | €19,781 | €4,248 | -€15,533 | -78.5% |
| Income taxes | 67/77 | €7,065 | €2,878 | -€4,187 | -59.3% |
| Profit (loss) for the period | 9904 | €12,716 | €1,370 | -€11,346 | -89.2% |
| Profit (loss) for the period to be appropriated | 9905 | €12,716 | €1,370 | -€11,346 | -89.2% |
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 24 October 2026 via checked.be.