VLACAR: 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.
VLACAR
Largest movements
- Tangible fixed assets +€857,871
up €857,871 (+137%), from €628,121 to €1.5m
- Debts after one year +€876,654
up €876,654 (+322%), from €271,904 to €1.1m
- Profit (loss) carried forward -€97,024
down €97,024 (-109%), from -€88,650 to -€185,674
- Trade debts +€49,109
up €49,109 (+117%), from €41,976 to €91,085
- Other debts +€26,974
up €26,974 (+13.6%), from €197,915 to €224,889
- Depreciation +€36,433
up €36,433 (+309%), from €11,775 to €48,208
- Gross operating margin -€24,765
down €24,765, from €16,788 to -€7,977
- Financial charges +€20,150
up €20,150 (+103%), from €19,595 to €39,745
- Other operating charges +€1,095
up €1,095, from €0 to €1,095
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 | €634,555 | €1,488,609 | +€854,054 | +135% |
| Fixed assets | 21/28 | €628,121 | €1,485,992 | +€857,871 | +137% |
| Tangible fixed assets | 22/27 | €628,121 | €1,485,992 | +€857,871 | +137% |
| Land and buildings | 22 | €628,121 | €1,485,992 | +€857,871 | +137% |
| Current assets | 29/58 | €6,434 | €2,617 | -€3,817 | -59.3% |
| Amounts receivable within one year | 40/41 | €4,449 | €2,076 | -€2,373 | -53.3% |
| Trade receivables | 40 | €3,000 | €0 | -€3,000 | -100% |
| Other amounts receivable | 41 | €1,449 | €2,076 | +€627 | +43.3% |
| Cash at bank and in hand | 54/58 | €685 | €88 | -€597 | -87.1% |
| Deferred charges and accrued income | 490/1 | €1,299 | €452 | -€847 | -65.2% |
| Total equity and liabilities | 10/49 | €634,555 | €1,488,609 | +€854,054 | +135% |
| Equity | 10/15 | €111,350 | €14,326 | -€97,024 | -87.1% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€88,650 | -€185,674 | -€97,024 | -109% |
| Amounts payable | 17/49 | €523,205 | €1,474,283 | +€951,079 | +182% |
| Amounts payable after more than one year | 17 | €271,904 | €1,148,557 | +€876,654 | +322% |
| Financial debts | 170/4 | €271,904 | €1,148,557 | +€876,654 | +322% |
| Amounts payable within one year | 42/48 | €251,301 | €325,726 | +€74,425 | +29.6% |
| Trade debts | 44 | €41,976 | €91,085 | +€49,109 | +117% |
| Suppliers | 440/4 | €41,976 | €91,085 | +€49,109 | +117% |
| Taxes, remuneration and social security | 45 | €11,410 | €9,753 | -€1,657 | -14.5% |
| Taxes | 450/3 | €11,410 | €9,753 | -€1,657 | -14.5% |
| Other amounts payable | 47/48 | €197,915 | €224,889 | +€26,974 | +13.6% |
| Non-recurring operating income | 76A | €19,128 | €0 | -€19,128 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,775 | €48,208 | +€36,433 | +309% |
| Other operating charges | 640/8 | €0 | €1,095 | +€1,095 | |
| Gross operating margin | 9900 | €16,788 | -€7,977 | -€24,765 | |
| Operating profit (loss) | 9901 | €5,014 | -€57,280 | -€62,293 | |
| Financial income | 75/76B | €27 | €0 | -€27 | -100% |
| Recurring financial income | 75 | €27 | €0 | -€27 | -100% |
| Financial charges | 65/66B | €19,595 | €39,745 | +€20,150 | +103% |
| Recurring financial charges | 65 | €19,595 | €39,745 | +€20,150 | +103% |
| Profit (loss) for the period before taxes | 9903 | -€14,554 | -€97,024 | -€82,470 | -567% |
| Profit (loss) for the period | 9904 | -€14,554 | -€97,024 | -€82,470 | -567% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,554 | -€97,024 | -€82,470 | -567% |
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 25 October 2026 via checked.be.