VL Solutions: 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.
VL Solutions
Largest movements
- Tangible fixed assets +€447,000
up €447,000 (+7070.6%), from €6,322 to €453,321
of which Land and buildings: +€409,619
- Cash -€72,432
down €72,432 (-33.2%), from €218,472 to €146,040
mainly Investment in fixed assets (net) (-€466,674) and Other debts (-€15,120)
- Debts after one year +€361,512
up €361,512 (+9492.3%), from €3,808 to €365,320
- Other debts -€15,120
down €15,120 (-17.4%), from €86,789 to €71,669
- Profit (loss) carried forward +€14,016
up €14,016 (+12.7%), from €110,747 to €124,762
- Current portion of long-term debt +€8,724
up €8,724 (+156.6%), from €5,572 to €14,296
- Trade debts +€6,608
up €6,608 (+1458.1%), from €453 to €7,061
- Other operating charges +€41,340
up €41,340 (+23002.5%), from €180 to €41,520
- Taxes -€14,656
down €14,656 (-74.3%), from €19,733 to €5,077
- Gross operating margin -€12,875
down €12,875 (-12.8%), from €100,527 to €87,652
- Depreciation +€9,301
up €9,301 (+89.7%), from €10,373 to €19,674
- Financial charges +€6,461
up €6,461 (+714.2%), from €905 to €7,366
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 | €248,967 | €618,689 | +€369,721 | +148.5% |
| Fixed assets | 21/28 | €6,322 | €453,321 | +€447,000 | +7070.6% |
| Tangible fixed assets | 22/27 | €6,322 | €453,321 | +€447,000 | +7070.6% |
| Land and buildings | 22 | - | €409,619 | +€409,619 | |
| Plant, machinery and equipment | 23 | - | €43,364 | +€43,364 | |
| Furniture and vehicles | 24 | €6,322 | €338 | -€5,984 | -94.7% |
| Current assets | 29/58 | €242,645 | €165,367 | -€77,278 | -31.8% |
| Amounts receivable within one year | 40/41 | €20,505 | €15,282 | -€5,223 | -25.5% |
| Trade receivables | 40 | €20,505 | €15,282 | -€5,223 | -25.5% |
| Cash at bank and in hand | 54/58 | €218,472 | €146,040 | -€72,432 | -33.2% |
| Deferred charges and accrued income | 490/1 | €3,669 | €4,046 | +€377 | +10.3% |
| Total equity and liabilities | 10/49 | €248,967 | €618,689 | +€369,721 | +148.5% |
| Equity | 10/15 | €113,747 | €127,762 | +€14,016 | +12.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €110,747 | €124,762 | +€14,016 | +12.7% |
| Amounts payable | 17/49 | €135,221 | €490,926 | +€355,706 | +263.1% |
| Amounts payable after more than one year | 17 | €3,808 | €365,320 | +€361,512 | +9492.3% |
| Financial debts | 170/4 | €3,808 | €365,320 | +€361,512 | +9492.3% |
| Amounts payable within one year | 42/48 | €131,412 | €125,606 | -€5,806 | -4.4% |
| Current portion of amounts payable after more than one year | 42 | €5,572 | €14,296 | +€8,724 | +156.6% |
| Trade debts | 44 | €453 | €7,061 | +€6,608 | +1458.1% |
| Suppliers | 440/4 | €453 | €7,061 | +€6,608 | +1458.1% |
| Taxes, remuneration and social security | 45 | €38,599 | €32,580 | -€6,019 | -15.6% |
| Taxes | 450/3 | €38,599 | €32,580 | -€6,019 | -15.6% |
| Other amounts payable | 47/48 | €86,789 | €71,669 | -€15,120 | -17.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,373 | €19,674 | +€9,301 | +89.7% |
| Other operating charges | 640/8 | €180 | €41,520 | +€41,340 | +23002.5% |
| Gross operating margin | 9900 | €100,527 | €87,652 | -€12,875 | -12.8% |
| Operating profit (loss) | 9901 | €89,974 | €26,458 | -€63,516 | -70.6% |
| Financial income | 75/76B | €1 | €1 | +€0 | +14.5% |
| Recurring financial income | 75 | €1 | €1 | +€0 | +14.5% |
| Financial charges | 65/66B | €905 | €7,366 | +€6,461 | +714.2% |
| Recurring financial charges | 65 | €905 | €7,366 | +€6,461 | +714.2% |
| Profit (loss) for the period before taxes | 9903 | €89,070 | €19,093 | -€69,977 | -78.6% |
| Income taxes | 67/77 | €19,733 | €5,077 | -€14,656 | -74.3% |
| Profit (loss) for the period | 9904 | €69,337 | €14,016 | -€55,321 | -79.8% |
| Profit (loss) for the period to be appropriated | 9905 | €69,337 | €14,016 | -€55,321 | -79.8% |
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 6 October 2026 via checked.be.