VLARIO: 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.
VLARIO
Largest movements
- Cash +€146,184
up €146,184 (+11.6%), from €1.3m to €1.4m
mainly Provisions (+€103,526) and Net result for the year (+€88,870)
- Current investments +€115,000
up €115,000 (+14.8%), from €776,412 to €891,412
- Provisions +€103,526
up €103,526 (+12.2%), from €849,211 to €952,736
- Reserves +€88,870
up €88,870 (+6.8%), from €1.3m to €1.4m
- Accrued charges and deferred income +€32,000
new in 2025: €32,000
- Gross operating margin +€169,649
up €169,649 (+46.7%), from €363,534 to €533,182
- Turnover +€65,585
up €65,585 (+6.4%), from €1.0m to €1.1m
- Purchases and services -€65,499
down €65,499 (-9.8%), from €669,996 to €604,497
- Financial income -€24,769
down €24,769 (-91.7%), from €27,003 to €2,234
of which Non-recurring financial income: -€13,117
- Staff costs +€17,195
up €17,195 (+5.7%), from €301,832 to €319,028
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 | €2,240,654 | €2,476,113 | +€235,459 | +10.5% |
| Fixed assets | 21/28 | €93,049 | €75,730 | -€17,320 | -18.6% |
| Tangible fixed assets | 22/27 | €93,049 | €75,730 | -€17,320 | -18.6% |
| Furniture and vehicles | 24 | €93,049 | €75,730 | -€17,320 | -18.6% |
| Current assets | 29/58 | €2,147,604 | €2,400,383 | +€252,779 | +11.8% |
| Amounts receivable within one year | 40/41 | €105,928 | €90,563 | -€15,364 | -14.5% |
| Trade receivables | 40 | €105,928 | €88,545 | -€17,383 | -16.4% |
| Other amounts receivable | 41 | - | €2,019 | +€2,019 | |
| Current investments | 50/53 | €776,412 | €891,412 | +€115,000 | +14.8% |
| Cash at bank and in hand | 54/58 | €1,261,252 | €1,407,437 | +€146,184 | +11.6% |
| Deferred charges and accrued income | 490/1 | €4,012 | €10,971 | +€6,959 | +173% |
| Total equity and liabilities | 10/49 | €2,240,654 | €2,476,113 | +€235,459 | +10.5% |
| Equity | 10/15 | €1,311,212 | €1,400,082 | +€88,870 | +6.8% |
| Reserves | 13 | €1,311,212 | €1,400,082 | +€88,870 | +6.8% |
| Provisions and deferred taxes | 16 | €849,211 | €952,736 | +€103,526 | +12.2% |
| Provisions for liabilities and charges | 160/5 | €849,211 | €952,736 | +€103,526 | +12.2% |
| Other liabilities and charges | 164/5 | €849,211 | €952,736 | +€103,526 | +12.2% |
| Amounts payable | 17/49 | €80,231 | €123,294 | +€43,064 | +53.7% |
| Amounts payable within one year | 42/48 | €80,231 | €91,294 | +€11,064 | +13.8% |
| Trade debts | 44 | €37,728 | €56,854 | +€19,126 | +50.7% |
| Suppliers | 440/4 | €37,728 | €56,854 | +€19,126 | +50.7% |
| Taxes, remuneration and social security | 45 | €42,503 | €34,441 | -€8,062 | -19.0% |
| Taxes | 450/3 | €6,422 | - | -€6,422 | |
| Remuneration and social security | 454/9 | €36,081 | €34,441 | -€1,641 | -4.5% |
| Accrued charges and deferred income | 492/3 | - | €32,000 | +€32,000 | |
| Turnover | 70 | €1,030,500 | €1,096,086 | +€65,585 | +6.4% |
| Membership fees, donations, legacies and grants | 73 | - | €41,594 | +€41,594 | |
| Goods, raw materials, services and sundry goods | 60/61 | €669,996 | €604,497 | -€65,499 | -9.8% |
| Remuneration, social security and pensions | 62 | €301,832 | €319,028 | +€17,195 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,207 | €19,820 | +€16,613 | +518% |
| Other operating charges | 640/8 | €3,286 | €2,399 | -€887 | -27.0% |
| Gross operating margin | 9900 | €363,534 | €533,182 | +€169,649 | +46.7% |
| Operating profit (loss) | 9901 | €48,657 | €88,053 | +€39,396 | +81.0% |
| Financial income | 75/76B | €27,003 | €2,234 | -€24,769 | -91.7% |
| Recurring financial income | 75 | €13,886 | €2,234 | -€11,652 | -83.9% |
| Non-recurring financial income | 76B | €13,117 | - | -€13,117 | |
| Financial charges | 65/66B | €1,333 | €746 | -€587 | -44.0% |
| Recurring financial charges | 65 | €1,333 | €746 | -€587 | -44.0% |
| Profit (loss) for the period before taxes | 9903 | €74,328 | €89,541 | +€15,213 | +20.5% |
| Income taxes | 67/77 | €370 | €671 | +€301 | +81.3% |
| Profit (loss) for the period | 9904 | €73,957 | €88,870 | +€14,913 | +20.2% |
| Profit (loss) for the period to be appropriated | 9905 | €73,957 | €88,870 | +€14,913 | +20.2% |
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 18 October 2026 via checked.be.