VL-Lighting: what changed
What changed
VL-Lighting
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
€61,197
2024 · €54,204+€6,993
Equity
€344,233
2024 · €283,036+€61,197
Cash
€40,111
2024 · €24,840+€15,270
Balance sheet total
€473,923
2024 · €345,684+€128,239
Largest movements
Assets
- Tangible fixed assets +€74,898
up €74,898 (+29.5%), from €254,242 to €329,139
of which Land and buildings: +€72,932
- Receivables within one year +€30,473
up €30,473 (+69.0%), from €44,161 to €74,634
of which Trade receivables: +€30,800
- Cash +€15,270
up €15,270 (+61.5%), from €24,840 to €40,111
mainly Net result for the year (+€61,197) and Provisions (+€53,760)
- Stocks and contracts +€7,013
up €7,013 (+34.9%), from €20,103 to €27,116
Equity and liabilities
- Reserves +€60,000
up €60,000 (+32.3%), from €185,860 to €245,860
of which Distributable reserves: +€60,000
- Provisions +€53,760
up €53,760 (+182%), from €29,460 to €83,220
- Tax, wage and social debts +€13,433
up €13,433 (+281%), from €4,779 to €18,213
Income statement
- Gross operating margin +€19,704
up €19,704 (+19.1%), from €103,077 to €122,780
- Depreciation +€8,581
up €8,581 (+35.4%), from €24,267 to €32,849
- Taxes +€3,910
up €3,910 (+20.0%), from €19,597 to €23,507
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€54,204
Gross operating margin
+€19,704
Staff costs
+€213
Depreciation
-€8,581
Other operating charges
-€854
Financial income
+€72
Financial charges
+€351
Taxes
-€3,910
Result 2025
€61,197
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€126,487
Investment
-€107,746
Financing
-€3,471
Cash 2024
€24,840
From operations (derived)
+€126,487
Net result for the year
+€61,197
Depreciation
+€32,849
Stocks and contracts
-€7,013
Receivables within one year
-€30,473
Deferred charges and accrued income
-€585
Provisions
+€53,760
Trade debts
+€3,319
Tax, wage and social debts
+€13,433
Investment (derived)
-€107,746
Investment in fixed assets (net)
-€107,746
Financing
-€3,471
Debts after one year
-€3,471
Cash 2025
€40,111
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €345,684 | €473,923 | +€128,239 | +37.1% |
| Fixed assets | 21/28 | €254,242 | €329,139 | +€74,898 | +29.5% |
| Tangible fixed assets | 22/27 | €254,242 | €329,139 | +€74,898 | +29.5% |
| Land and buildings | 22 | €219,033 | €291,965 | +€72,932 | +33.3% |
| Furniture and vehicles | 24 | €4,173 | €13,519 | +€9,346 | +224% |
| Leasing and similar rights | 25 | €31,036 | €23,655 | -€7,381 | -23.8% |
| Current assets | 29/58 | €91,443 | €144,784 | +€53,342 | +58.3% |
| Stocks and contracts in progress | 3 | €20,103 | €27,116 | +€7,013 | +34.9% |
| Stocks | 30/36 | €20,103 | €27,116 | +€7,013 | +34.9% |
| Amounts receivable within one year | 40/41 | €44,161 | €74,634 | +€30,473 | +69.0% |
| Trade receivables | 40 | €43,758 | €74,557 | +€30,800 | +70.4% |
| Other amounts receivable | 41 | €403 | €77 | -€327 | -81.0% |
| Cash at bank and in hand | 54/58 | €24,840 | €40,111 | +€15,270 | +61.5% |
| Deferred charges and accrued income | 490/1 | €2,338 | €2,923 | +€585 | +25.0% |
| Total equity and liabilities | 10/49 | €345,684 | €473,923 | +€128,239 | +37.1% |
| Equity | 10/15 | €283,036 | €344,233 | +€61,197 | +21.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €185,860 | €245,860 | +€60,000 | +32.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €184,000 | €244,000 | +€60,000 | +32.6% |
| Profit (loss) carried forward | 14 | €90,976 | €92,173 | +€1,197 | +1.3% |
| Provisions and deferred taxes | 16 | €29,460 | €83,220 | +€53,760 | +182% |
| Provisions for liabilities and charges | 160/5 | €29,460 | €83,220 | +€53,760 | +182% |
| Environmental obligations | 163 | €29,460 | €83,220 | +€53,760 | +182% |
| Amounts payable | 17/49 | €33,188 | €46,470 | +€13,282 | +40.0% |
| Amounts payable after more than one year | 17 | €17,435 | €13,964 | -€3,471 | -19.9% |
| Financial debts | 170/4 | €17,435 | €13,964 | -€3,471 | -19.9% |
| Amounts payable within one year | 42/48 | €15,753 | €32,506 | +€16,753 | +106% |
| Trade debts | 44 | €10,974 | €14,293 | +€3,319 | +30.2% |
| Suppliers | 440/4 | €10,974 | €14,293 | +€3,319 | +30.2% |
| Taxes, remuneration and social security | 45 | €4,779 | €18,213 | +€13,433 | +281% |
| Taxes | 450/3 | €4,779 | €18,213 | +€13,433 | +281% |
| Non-recurring operating income | 76A | €10,744 | €0 | -€10,744 | -100% |
| Remuneration, social security and pensions | 62 | €425 | €212 | -€213 | -50.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,267 | €32,849 | +€8,581 | +35.4% |
| Other operating charges | 640/8 | €3,019 | €3,873 | +€854 | +28.3% |
| Gross operating margin | 9900 | €103,077 | €122,780 | +€19,704 | +19.1% |
| Operating profit (loss) | 9901 | €75,366 | €85,847 | +€10,481 | +13.9% |
| Financial income | 75/76B | - | €72 | +€72 | |
| Recurring financial income | 75 | - | €72 | +€72 | |
| Financial charges | 65/66B | €1,565 | €1,214 | -€351 | -22.4% |
| Recurring financial charges | 65 | €1,565 | €1,214 | -€351 | -22.4% |
| Profit (loss) for the period before taxes | 9903 | €73,801 | €84,704 | +€10,903 | +14.8% |
| Income taxes | 67/77 | €19,597 | €23,507 | +€3,910 | +20.0% |
| Profit (loss) for the period | 9904 | €54,204 | €61,197 | +€6,993 | +12.9% |
| Profit (loss) for the period to be appropriated | 9905 | €54,204 | €61,197 | +€6,993 | +12.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.