VLARUS: 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.
VLARUS
Largest movements
- Receivables within one year -€32,896
down €32,896 (-9.1%), from €362,496 to €329,600
of which Trade receivables: -€58,279
- Cash +€12,610
up €12,610 (+775.8%), from €1,625 to €14,235
mainly Net result for the year (+€41,986) and Receivables within one year (+€32,896)
- Tangible fixed assets +€5,001
new in 2024: €5,001
- Trade debts -€45,011
no longer reported in 2024 (was €45,011)
- Profit (loss) carried forward +€41,986
up €41,986 (+25.9%), from €162,116 to €204,102
- Debts after one year -€17,000
down €17,000 (-31.8%), from €53,507 to €36,507
- Turnover +€92,072
up €92,072 (+50.7%), from €181,653 to €273,725
- Write-downs +€88,875
new in 2024: €88,875
- Gross operating margin +€36,648
up €36,648 (+32.7%), from €112,245 to €148,893
- Purchases and services +€25,457
up €25,457 (+25.6%), from €99,375 to €124,832
- Taxes -€11,070
down €11,070 (-42.9%), from €25,806 to €14,736
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €364,121 | €348,836 | -€15,286 | -4.2% |
| Fixed assets | 21/28 | - | €5,001 | +€5,001 | |
| Tangible fixed assets | 22/27 | - | €5,001 | +€5,001 | |
| Furniture and vehicles | 24 | - | €5,001 | +€5,001 | |
| Current assets | 29/58 | €364,121 | €343,835 | -€20,287 | -5.6% |
| Amounts receivable within one year | 40/41 | €362,496 | €329,600 | -€32,896 | -9.1% |
| Trade receivables | 40 | €333,496 | €275,217 | -€58,279 | -17.5% |
| Other amounts receivable | 41 | €29,000 | €54,382 | +€25,382 | +87.5% |
| Cash at bank and in hand | 54/58 | €1,625 | €14,235 | +€12,610 | +775.8% |
| Total equity and liabilities | 10/49 | €364,121 | €348,836 | -€15,286 | -4.2% |
| Equity | 10/15 | €203,576 | €245,562 | +€41,986 | +20.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €22,860 | €22,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €21,000 | €21,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €162,116 | €204,102 | +€41,986 | +25.9% |
| Amounts payable | 17/49 | €160,545 | €103,274 | -€57,271 | -35.7% |
| Amounts payable after more than one year | 17 | €53,507 | €36,507 | -€17,000 | -31.8% |
| Financial debts | 170/4 | €53,507 | €36,507 | -€17,000 | -31.8% |
| Amounts payable within one year | 42/48 | €107,038 | €66,767 | -€40,272 | -37.6% |
| Current portion of amounts payable after more than one year | 42 | €16,931 | €19,440 | +€2,509 | +14.8% |
| Financial debts | 43 | €9,953 | €9,953 | = | 0.0% |
| Credit institutions | 430/8 | €9,953 | €9,953 | = | 0.0% |
| Trade debts | 44 | €45,011 | - | -€45,011 | |
| Suppliers | 440/4 | €45,011 | - | -€45,011 | |
| Taxes, remuneration and social security | 45 | €35,143 | €37,373 | +€2,231 | +6.3% |
| Taxes | 450/3 | €27,138 | €37,373 | +€10,236 | +37.7% |
| Remuneration and social security | 454/9 | €8,005 | - | -€8,005 | |
| Turnover | 70 | €181,653 | €273,725 | +€92,072 | +50.7% |
| Non-recurring operating income | 76A | €29,967 | - | -€29,967 | |
| Goods, raw materials, services and sundry goods | 60/61 | €99,375 | €124,832 | +€25,457 | +25.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,231 | €1,142 | -€1,090 | -48.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €88,875 | +€88,875 | |
| Other operating charges | 640/8 | €5,382 | €1,658 | -€3,724 | -69.2% |
| Gross operating margin | 9900 | €112,245 | €148,893 | +€36,648 | +32.7% |
| Operating profit (loss) | 9901 | €104,632 | €57,218 | -€47,413 | -45.3% |
| Financial income | 75/76B | €1,056 | €2,078 | +€1,021 | +96.7% |
| Recurring financial income | 75 | €1,056 | €2,078 | +€1,021 | +96.7% |
| Financial charges | 65/66B | €4,171 | €2,574 | -€1,597 | -38.3% |
| Recurring financial charges | 65 | €4,171 | €2,574 | -€1,597 | -38.3% |
| Profit (loss) for the period before taxes | 9903 | €101,516 | €56,721 | -€44,795 | -44.1% |
| Income taxes | 67/77 | €25,806 | €14,736 | -€11,070 | -42.9% |
| Profit (loss) for the period | 9904 | €75,711 | €41,986 | -€33,725 | -44.5% |
| Profit (loss) for the period to be appropriated | 9905 | €75,711 | €41,986 | -€33,725 | -44.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.