VL MANAGEMENT: 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 MANAGEMENT
Largest movements
- Cash +€44,971
up €44,971 (+1,049%), from €4,286 to €49,257
mainly Net result for the year (+€70,315) and Deferred charges and accrued income (+€1,978)
- Receivables within one year +€13,266
up €13,266 (+64.4%), from €20,596 to €33,861
of which Other amounts receivable: +€17,956
- Deferred charges and accrued income -€1,978
down €1,978 (-89.7%), from €2,206 to €228
- Profit (loss) carried forward +€70,315
up €70,315 (+57.5%), from -€122,376 to -€52,061
- Trade debts -€8,853
down €8,853 (-54.3%), from €16,315 to €7,462
- Tax, wage and social debts -€7,307
down €7,307 (-81.5%), from €8,962 to €1,655
of which Remuneration and social security: -€6,983
- Other debts +€1,672
new in 2024: €1,672
- Gross operating margin +€52,235
up €52,235 (+223%), from €23,461 to €75,697
- Staff costs -€32,017
down €32,017 (-90.1%), from €35,520 to €3,503
- Other operating charges -€2,487
down €2,487 (-77.7%), from €3,202 to €715
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.
Derived cash bridge
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 | €28,001 | €83,828 | +€55,827 | +199% |
| Fixed assets | 21/28 | €913 | €482 | -€432 | -47.3% |
| Tangible fixed assets | 22/27 | €589 | €157 | -€432 | -73.3% |
| Furniture and vehicles | 24 | €589 | €157 | -€432 | -73.3% |
| Financial fixed assets | 28 | €324 | €324 | = | 0.0% |
| Current assets | 29/58 | €27,088 | €83,346 | +€56,258 | +208% |
| Amounts receivable within one year | 40/41 | €20,596 | €33,861 | +€13,266 | +64.4% |
| Trade receivables | 40 | €13,278 | €8,588 | -€4,690 | -35.3% |
| Other amounts receivable | 41 | €7,318 | €25,274 | +€17,956 | +245% |
| Cash at bank and in hand | 54/58 | €4,286 | €49,257 | +€44,971 | +1,049% |
| Deferred charges and accrued income | 490/1 | €2,206 | €228 | -€1,978 | -89.7% |
| Total equity and liabilities | 10/49 | €28,001 | €83,828 | +€55,827 | +199% |
| Equity | 10/15 | -€103,776 | -€33,461 | +€70,315 | +67.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Profit (loss) carried forward | 14 | -€122,376 | -€52,061 | +€70,315 | +57.5% |
| Amounts payable | 17/49 | €131,777 | €117,289 | -€14,488 | -11.0% |
| Amounts payable after more than one year | 17 | €106,500 | €106,500 | = | 0.0% |
| Financial debts | 170/4 | €106,500 | €106,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €25,277 | €10,789 | -€14,488 | -57.3% |
| Trade debts | 44 | €16,315 | €7,462 | -€8,853 | -54.3% |
| Suppliers | 440/4 | €16,315 | €7,462 | -€8,853 | -54.3% |
| Taxes, remuneration and social security | 45 | €8,962 | €1,655 | -€7,307 | -81.5% |
| Taxes | 450/3 | €324 | - | -€324 | |
| Remuneration and social security | 454/9 | €8,638 | €1,655 | -€6,983 | -80.8% |
| Other amounts payable | 47/48 | - | €1,672 | +€1,672 | |
| Remuneration, social security and pensions | 62 | €35,520 | €3,503 | -€32,017 | -90.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €432 | €432 | +€0 | 0.0% |
| Other operating charges | 640/8 | €3,202 | €715 | -€2,487 | -77.7% |
| Non-recurring operating charges | 66A | €54,900 | - | -€54,900 | |
| Gross operating margin | 9900 | €23,461 | €75,697 | +€52,235 | +223% |
| Operating profit (loss) | 9901 | -€70,592 | €71,047 | +€141,640 | |
| Financial charges | 65/66B | €326 | €23 | -€302 | -92.8% |
| Recurring financial charges | 65 | €326 | €23 | -€302 | -92.8% |
| Profit (loss) for the period before taxes | 9903 | -€70,918 | €71,024 | +€141,942 | |
| Income taxes | 67/77 | €648 | €709 | +€61 | +9.5% |
| Profit (loss) for the period | 9904 | -€71,566 | €70,315 | +€141,880 | |
| Profit (loss) for the period to be appropriated | 9905 | -€71,566 | €70,315 | +€141,880 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.