VLAS: 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.
VLAS
Largest movements
- Cash -€38,073
down €38,073 (-99.8%), from €38,131 to €58
mainly Investment in fixed assets (net) (-€40,062) and Trade debts (-€31,148)
- Tangible fixed assets +€30,285
up €30,285 (+276%), from €10,962 to €41,248
of which Furniture and vehicles: +€30,429
- Receivables within one year +€13,233
up €13,233 (+15.1%), from €87,584 to €100,817
of which Trade receivables: +€9,754
- Trade debts -€31,148
down €31,148 (-39.8%), from €78,349 to €47,201
of which Suppliers: -€18,225
- Profit (loss) carried forward +€20,186
up €20,186 (+70.2%), from €28,739 to €48,925
- Debts after one year +€11,165
up €11,165 (+176%), from €6,334 to €17,499
- Current portion of long-term debt +€3,859
up €3,859 (+48.9%), from €7,893 to €11,752
- Tax, wage and social debts +€2,211
up €2,211 (+27.6%), from €8,025 to €10,236
of which Taxes: +€2,365
- Purchases and services -€141,260
down €141,260 (-23.2%), from €608,969 to €467,709
- Turnover -€102,776
down €102,776 (-16.2%), from €633,036 to €530,260
- Gross operating margin +€38,484
up €38,484 (+160%), from €24,067 to €62,552
- Staff costs +€14,172
up €14,172 (+838%), from €1,691 to €15,863
- Financial charges +€9,543
up €9,543 (+676%), from €1,411 to €10,954
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 | €137,400 | €143,674 | +€6,273 | +4.6% |
| Fixed assets | 21/28 | €10,992 | €41,278 | +€30,285 | +276% |
| Tangible fixed assets | 22/27 | €10,962 | €41,248 | +€30,285 | +276% |
| Plant, machinery and equipment | 23 | €143 | - | -€143 | |
| Furniture and vehicles | 24 | €10,819 | €41,248 | +€30,429 | +281% |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €126,408 | €102,396 | -€24,012 | -19.0% |
| Amounts receivable within one year | 40/41 | €87,584 | €100,817 | +€13,233 | +15.1% |
| Trade receivables | 40 | €70,815 | €80,569 | +€9,754 | +13.8% |
| Other amounts receivable | 41 | €16,769 | €20,248 | +€3,479 | +20.7% |
| Cash at bank and in hand | 54/58 | €38,131 | €58 | -€38,073 | -99.8% |
| Deferred charges and accrued income | 490/1 | €694 | €1,521 | +€828 | +119% |
| Total equity and liabilities | 10/49 | €137,400 | €143,674 | +€6,273 | +4.6% |
| Equity | 10/15 | €36,799 | €56,985 | +€20,186 | +54.9% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,739 | €48,925 | +€20,186 | +70.2% |
| Amounts payable | 17/49 | €100,601 | €86,689 | -€13,913 | -13.8% |
| Amounts payable after more than one year | 17 | €6,334 | €17,499 | +€11,165 | +176% |
| Financial debts | 170/4 | €6,334 | €17,499 | +€11,165 | +176% |
| Amounts payable within one year | 42/48 | €94,267 | €69,190 | -€25,078 | -26.6% |
| Current portion of amounts payable after more than one year | 42 | €7,893 | €11,752 | +€3,859 | +48.9% |
| Trade debts | 44 | €78,349 | €47,201 | -€31,148 | -39.8% |
| Suppliers | 440/4 | €52,226 | €34,001 | -€18,225 | -34.9% |
| Bills of exchange payable | 441 | €26,123 | €13,200 | -€12,923 | -49.5% |
| Taxes, remuneration and social security | 45 | €8,025 | €10,236 | +€2,211 | +27.6% |
| Taxes | 450/3 | €3,425 | €5,790 | +€2,365 | +69.1% |
| Remuneration and social security | 454/9 | €4,600 | €4,446 | -€154 | -3.4% |
| Turnover | 70 | €633,036 | €530,260 | -€102,776 | -16.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €608,969 | €467,709 | -€141,260 | -23.2% |
| Remuneration, social security and pensions | 62 | €1,691 | €15,863 | +€14,172 | +838% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,766 | €9,776 | -€2,990 | -23.4% |
| Other operating charges | 640/8 | €1,234 | €1,199 | -€34 | -2.8% |
| Gross operating margin | 9900 | €24,067 | €62,552 | +€38,484 | +160% |
| Operating profit (loss) | 9901 | €8,376 | €35,714 | +€27,337 | +326% |
| Financial income | 75/76B | €651 | €1,217 | +€565 | +86.8% |
| Recurring financial income | 75 | €651 | €1,217 | +€565 | +86.8% |
| Financial charges | 65/66B | €1,411 | €10,954 | +€9,543 | +676% |
| Recurring financial charges | 65 | €1,411 | €10,954 | +€9,543 | +676% |
| Profit (loss) for the period before taxes | 9903 | €7,617 | €25,976 | +€18,359 | +241% |
| Income taxes | 67/77 | €3,413 | €5,790 | +€2,378 | +69.7% |
| Profit (loss) for the period | 9904 | €4,204 | €20,186 | +€15,982 | +380% |
| Profit (loss) for the period to be appropriated | 9905 | €4,204 | €20,186 | +€15,982 | +380% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.