VLACON: 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.
VLACON
Largest movements
- Cash -€27,868
down €27,868 (-16.5%), from €168,963 to €141,095
mainly Contributions, distributions and other (-€240,795) and Debts after one year (-€21,452)
- Tangible fixed assets -€27,424
down €27,424 (-22.3%), from €122,708 to €95,284
of which Furniture and vehicles: -€26,561
- Receivables within one year +€12,527
up €12,527 (+7.6%), from €164,593 to €177,120
of which Other amounts receivable: +€20,152
- Receivables after one year -€10,000
down €10,000 (-22.2%), from €45,000 to €35,000
- Debts after one year -€21,452
down €21,452 (-26.5%), from €81,057 to €59,604
- Reserves -€17,321
down €17,321 (-3.1%), from €553,234 to €535,913
of which Distributable reserves: -€17,321
- Trade debts -€8,683
down €8,683 (-59.0%), from €14,725 to €6,043
- Depreciation +€14,500
up €14,500 (+112.2%), from €12,924 to €27,424
- Taxes +€12,344
up €12,344 (+13.0%), from €94,962 to €107,306
- Gross operating margin -€7,636
down €7,636 (-2.1%), from €361,415 to €353,779
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 | €732,434 | €680,682 | -€51,751 | -7.1% |
| Fixed assets | 21/28 | €126,008 | €98,584 | -€27,424 | -21.8% |
| Tangible fixed assets | 22/27 | €122,708 | €95,284 | -€27,424 | -22.3% |
| Plant, machinery and equipment | 23 | €1,107 | €421 | -€686 | -62.0% |
| Furniture and vehicles | 24 | €120,717 | €94,156 | -€26,561 | -22.0% |
| Other tangible fixed assets | 26 | €883 | €707 | -€177 | -20.0% |
| Financial fixed assets | 28 | €3,300 | €3,300 | = | 0.0% |
| Current assets | 29/58 | €606,425 | €582,098 | -€24,328 | -4.0% |
| Amounts receivable after more than one year | 29 | €45,000 | €35,000 | -€10,000 | -22.2% |
| Other amounts receivable | 291 | €45,000 | €35,000 | -€10,000 | -22.2% |
| Amounts receivable within one year | 40/41 | €164,593 | €177,120 | +€12,527 | +7.6% |
| Trade receivables | 40 | €60,612 | €52,987 | -€7,625 | -12.6% |
| Other amounts receivable | 41 | €103,981 | €124,133 | +€20,152 | +19.4% |
| Current investments | 50/53 | €224,118 | €224,118 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €168,963 | €141,095 | -€27,868 | -16.5% |
| Deferred charges and accrued income | 490/1 | €3,751 | €4,764 | +€1,013 | +27.0% |
| Total equity and liabilities | 10/49 | €732,434 | €680,682 | -€51,751 | -7.1% |
| Equity | 10/15 | €566,831 | €549,510 | -€17,321 | -3.1% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €553,234 | €535,913 | -€17,321 | -3.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €553,234 | €535,913 | -€17,321 | -3.1% |
| Profit (loss) carried forward | 14 | €5,597 | €5,597 | = | 0.0% |
| Amounts payable | 17/49 | €165,603 | €131,172 | -€34,431 | -20.8% |
| Amounts payable after more than one year | 17 | €81,057 | €59,604 | -€21,452 | -26.5% |
| Financial debts | 170/4 | €81,057 | €59,604 | -€21,452 | -26.5% |
| Amounts payable within one year | 42/48 | €81,531 | €70,018 | -€11,514 | -14.1% |
| Current portion of amounts payable after more than one year | 42 | €20,602 | €21,452 | +€850 | +4.1% |
| Trade debts | 44 | €14,725 | €6,043 | -€8,683 | -59.0% |
| Suppliers | 440/4 | €14,725 | €6,043 | -€8,683 | -59.0% |
| Advances received on contracts in progress | 46 | €419 | €0 | -€419 | -100.0% |
| Taxes, remuneration and social security | 45 | €44,559 | €42,093 | -€2,465 | -5.5% |
| Taxes | 450/3 | €44,559 | €42,093 | -€2,465 | -5.5% |
| Other amounts payable | 47/48 | €1,226 | €430 | -€796 | -64.9% |
| Accrued charges and deferred income | 492/3 | €3,015 | €1,550 | -€1,465 | -48.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,924 | €27,424 | +€14,500 | +112.2% |
| Other operating charges | 640/8 | €2,954 | €2,679 | -€275 | -9.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €361,415 | €353,779 | -€7,636 | -2.1% |
| Operating profit (loss) | 9901 | €345,537 | €323,677 | -€21,860 | -6.3% |
| Financial income | 75/76B | €8,569 | €10,876 | +€2,307 | +26.9% |
| Recurring financial income | 75 | €8,569 | €10,876 | +€2,307 | +26.9% |
| Financial charges | 65/66B | €2,146 | €3,772 | +€1,626 | +75.7% |
| Recurring financial charges | 65 | €2,146 | €3,772 | +€1,626 | +75.7% |
| Profit (loss) for the period before taxes | 9903 | €351,960 | €330,780 | -€21,179 | -6.0% |
| Income taxes | 67/77 | €94,962 | €107,306 | +€12,344 | +13.0% |
| Profit (loss) for the period | 9904 | €256,998 | €223,475 | -€33,524 | -13.0% |
| Profit (loss) for the period to be appropriated | 9905 | €256,998 | €223,475 | -€33,524 | -13.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.