VLATEX HOME: 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.
VLATEX HOME
Largest movements
- Intangible fixed assets +€340,731
up €340,731 (+34,891%), from €977 to €341,708
- Cash -€139,850
down €139,850 (-39.7%), from €352,332 to €212,483
mainly Investment in fixed assets (net) (-€375,767) and Receivables within one year (-€83,660)
- Receivables within one year +€83,660
up €83,660 (+105%), from €79,543 to €163,202
of which Trade receivables: +€64,746
- Tangible fixed assets -€29,997
down €29,997 (-8.7%), from €345,803 to €315,807
of which Furniture and vehicles: -€39,802
- Debts after one year +€112,679
up €112,679 (+4,854%), from €2,321 to €115,000
of which Trade debts: +€115,000
- Trade debts +€108,747
up €108,747 (+268%), from €40,585 to €149,332
- Reserves +€77,727
up €77,727 (+22.0%), from €353,824 to €431,551
- Tax, wage and social debts -€38,243
down €38,243 (-47.8%), from €80,025 to €41,782
of which Taxes: -€56,516
- Other debts +€13,199
up €13,199 (+6.2%), from €212,580 to €225,779
- Staff costs +€60,579
up €60,579 (+31.1%), from €194,680 to €255,259
- Gross operating margin +€35,615
up €35,615 (+8.8%), from €406,745 to €442,361
- Taxes -€8,172
down €8,172 (-23.5%), from €34,704 to €26,531
- Depreciation +€6,192
up €6,192 (+10.5%), from €58,841 to €65,033
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 | €955,398 | €1,213,944 | +€258,546 | +27.1% |
| Fixed assets | 21/28 | €346,780 | €657,514 | +€310,734 | +89.6% |
| Intangible fixed assets | 21 | €977 | €341,708 | +€340,731 | +34,891% |
| Tangible fixed assets | 22/27 | €345,803 | €315,807 | -€29,997 | -8.7% |
| Land and buildings | 22 | €81,789 | €103,544 | +€21,755 | +26.6% |
| Plant, machinery and equipment | 23 | €72,689 | €60,739 | -€11,950 | -16.4% |
| Furniture and vehicles | 24 | €191,325 | €151,523 | -€39,802 | -20.8% |
| Current assets | 29/58 | €608,618 | €556,430 | -€52,189 | -8.6% |
| Stocks and contracts in progress | 3 | €172,597 | €176,411 | +€3,814 | +2.2% |
| Stocks | 30/36 | €172,597 | €176,411 | +€3,814 | +2.2% |
| Amounts receivable within one year | 40/41 | €79,543 | €163,202 | +€83,660 | +105% |
| Trade receivables | 40 | €79,543 | €144,288 | +€64,746 | +81.4% |
| Other amounts receivable | 41 | - | €18,914 | +€18,914 | |
| Cash at bank and in hand | 54/58 | €352,332 | €212,483 | -€139,850 | -39.7% |
| Deferred charges and accrued income | 490/1 | €4,146 | €4,334 | +€188 | +4.5% |
| Total equity and liabilities | 10/49 | €955,398 | €1,213,944 | +€258,546 | +27.1% |
| Equity | 10/15 | €553,824 | €631,551 | +€77,727 | +14.0% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €353,824 | €431,551 | +€77,727 | +22.0% |
| Distributable reserves | 133 | €353,824 | €431,551 | +€77,727 | +22.0% |
| Amounts payable | 17/49 | €401,574 | €582,393 | +€180,819 | +45.0% |
| Amounts payable after more than one year | 17 | €2,321 | €115,000 | +€112,679 | +4,854% |
| Financial debts | 170/4 | €2,321 | €0 | -€2,321 | -100% |
| Trade debts | 175 | - | €115,000 | +€115,000 | |
| Amounts payable within one year | 42/48 | €381,960 | €451,478 | +€69,518 | +18.2% |
| Current portion of amounts payable after more than one year | 42 | €4,588 | €2,321 | -€2,267 | -49.4% |
| Trade debts | 44 | €40,585 | €149,332 | +€108,747 | +268% |
| Suppliers | 440/4 | €40,585 | €149,332 | +€108,747 | +268% |
| Advances received on contracts in progress | 46 | €44,181 | €32,263 | -€11,918 | -27.0% |
| Taxes, remuneration and social security | 45 | €80,025 | €41,782 | -€38,243 | -47.8% |
| Taxes | 450/3 | €60,044 | €3,528 | -€56,516 | -94.1% |
| Remuneration and social security | 454/9 | €19,981 | €38,254 | +€18,272 | +91.4% |
| Other amounts payable | 47/48 | €212,580 | €225,779 | +€13,199 | +6.2% |
| Accrued charges and deferred income | 492/3 | €17,293 | €15,915 | -€1,378 | -8.0% |
| Remuneration, social security and pensions | 62 | €194,680 | €255,259 | +€60,579 | +31.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,841 | €65,033 | +€6,192 | +10.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,739 | +€2,739 | |
| Other operating charges | 640/8 | €5,240 | €5,902 | +€662 | +12.6% |
| Gross operating margin | 9900 | €406,745 | €442,361 | +€35,615 | +8.8% |
| Operating profit (loss) | 9901 | €147,985 | €113,428 | -€34,557 | -23.4% |
| Financial income | 75/76B | €10,793 | €7,556 | -€3,237 | -30.0% |
| Recurring financial income | 75 | €10,793 | €7,556 | -€3,237 | -30.0% |
| Financial charges | 65/66B | €18,606 | €16,726 | -€1,880 | -10.1% |
| Recurring financial charges | 65 | €18,606 | €16,726 | -€1,880 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €140,172 | €104,258 | -€35,914 | -25.6% |
| Income taxes | 67/77 | €34,704 | €26,531 | -€8,172 | -23.5% |
| Profit (loss) for the period | 9904 | €105,468 | €77,727 | -€27,741 | -26.3% |
| Profit (loss) for the period to be appropriated | 9905 | €105,468 | €77,727 | -€27,741 | -26.3% |
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 1 November 2026 via checked.be.