VLA: 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.
VLA
Largest movements
- Tangible fixed assets -€32,000
down €32,000 (-12.8%), from €249,093 to €217,093
- Deferred charges and accrued income -€5,043
down €5,043 (-50.2%), from €10,037 to €4,994
- Profit (loss) carried forward -€106,205
down €106,205 (-50.2%), from -€211,403 to -€317,607
- Other debts +€68,361
up €68,361 (+9.8%), from €695,918 to €764,279
- Gross operating margin +€1,725
up €1,725 (+2.3%), from -€73,791 to -€72,067
- Other operating charges +€1,653
up €1,653 (+569.1%), from €290 to €1,943
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 | €494,893 | €456,278 | -€38,615 | -7.8% |
| Fixed assets | 21/28 | €249,093 | €217,093 | -€32,000 | -12.8% |
| Tangible fixed assets | 22/27 | €249,093 | €217,093 | -€32,000 | -12.8% |
| Furniture and vehicles | 24 | €249,093 | €217,093 | -€32,000 | -12.8% |
| Current assets | 29/58 | €245,801 | €239,185 | -€6,615 | -2.7% |
| Stocks and contracts in progress | 3 | €232,000 | €232,000 | = | 0.0% |
| Stocks | 30/36 | €232,000 | €232,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,499 | €1,973 | -€526 | -21.1% |
| Other amounts receivable | 41 | €2,499 | €1,973 | -€526 | -21.1% |
| Cash at bank and in hand | 54/58 | €1,264 | €219 | -€1,045 | -82.7% |
| Deferred charges and accrued income | 490/1 | €10,037 | €4,994 | -€5,043 | -50.2% |
| Total equity and liabilities | 10/49 | €494,893 | €456,278 | -€38,615 | -7.8% |
| Equity | 10/15 | -€205,403 | -€311,607 | -€106,205 | -51.7% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€211,403 | -€317,607 | -€106,205 | -50.2% |
| Amounts payable | 17/49 | €700,296 | €767,886 | +€67,590 | +9.7% |
| Amounts payable within one year | 42/48 | €700,296 | €767,886 | +€67,590 | +9.7% |
| Trade debts | 44 | €4,378 | €2,554 | -€1,825 | -41.7% |
| Suppliers | 440/4 | €4,378 | €2,554 | -€1,825 | -41.7% |
| Taxes, remuneration and social security | 45 | - | €1,053 | +€1,053 | |
| Taxes | 450/3 | - | €1,053 | +€1,053 | |
| Other amounts payable | 47/48 | €695,918 | €764,279 | +€68,361 | +9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,000 | €32,000 | = | 0.0% |
| Other operating charges | 640/8 | €290 | €1,943 | +€1,653 | +569.1% |
| Gross operating margin | 9900 | -€73,791 | -€72,067 | +€1,725 | +2.3% |
| Operating profit (loss) | 9901 | -€106,082 | -€106,010 | +€72 | +0.1% |
| Financial charges | 65/66B | €170 | €195 | +€25 | +14.7% |
| Recurring financial charges | 65 | €170 | €195 | +€25 | +14.7% |
| Profit (loss) for the period before taxes | 9903 | -€106,252 | -€106,205 | +€47 | 0.0% |
| Profit (loss) for the period | 9904 | -€106,252 | -€106,205 | +€47 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€106,252 | -€106,205 | +€47 | 0.0% |
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 28 September 2026 via checked.be.