VLATI: 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.
VLATI
Largest movements
- Stocks and contracts -€2,542
down €2,542 (-17.3%), from €14,704 to €12,162
- Receivables within one year +€808
up €808 (+76.1%), from €1,062 to €1,870
- Cash +€535
up €535 (+101.8%), from €526 to €1,061
mainly Stocks and contracts (+€2,542) and Net result for the year (+€1,619)
- Tax, wage and social debts -€2,044
down €2,044 (-26.8%), from €7,617 to €5,573
of which Taxes: -€1,779
- Profit (loss) carried forward +€1,619
up €1,619 (+6.5%), from -€24,952 to -€23,333
- Trade debts -€923
down €923 (-31.2%), from €2,960 to €2,038
- Other debts +€269
up €269 (+1.0%), from €26,578 to €26,847
- Staff costs -€22,053
no longer reported in 2025 (was €22,053)
- Gross operating margin +€5,289
up €5,289, from -€3,952 to €1,338
- Other operating charges +€1,217
up €1,217 (+138.7%), from €878 to €2,095
- Financial income +€382
up €382 (+18.0%), from €2,123 to €2,505
- Financial charges -€193
down €193 (-59.9%), from €322 to €129
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 | €16,291 | €15,093 | -€1,198 | -7.4% |
| Current assets | 29/58 | €16,291 | €15,093 | -€1,198 | -7.4% |
| Stocks and contracts in progress | 3 | €14,704 | €12,162 | -€2,542 | -17.3% |
| Stocks | 30/36 | €14,704 | €12,162 | -€2,542 | -17.3% |
| Amounts receivable within one year | 40/41 | €1,062 | €1,870 | +€808 | +76.1% |
| Other amounts receivable | 41 | €1,062 | €1,870 | +€808 | +76.1% |
| Cash at bank and in hand | 54/58 | €526 | €1,061 | +€535 | +101.8% |
| Total equity and liabilities | 10/49 | €16,291 | €15,093 | -€1,198 | -7.4% |
| Equity | 10/15 | -€23,092 | -€21,473 | +€1,619 | +7.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,952 | -€23,333 | +€1,619 | +6.5% |
| Amounts payable | 17/49 | €39,383 | €36,566 | -€2,817 | -7.2% |
| Amounts payable within one year | 42/48 | €39,383 | €36,566 | -€2,817 | -7.2% |
| Financial debts | 43 | €2,228 | €2,108 | -€120 | -5.4% |
| Credit institutions | 430/8 | €2,228 | €2,108 | -€120 | -5.4% |
| Trade debts | 44 | €2,960 | €2,038 | -€923 | -31.2% |
| Suppliers | 440/4 | €2,960 | €2,038 | -€923 | -31.2% |
| Taxes, remuneration and social security | 45 | €7,617 | €5,573 | -€2,044 | -26.8% |
| Taxes | 450/3 | €7,352 | €5,573 | -€1,779 | -24.2% |
| Remuneration and social security | 454/9 | €265 | - | -€265 | |
| Other amounts payable | 47/48 | €26,578 | €26,847 | +€269 | +1.0% |
| Remuneration, social security and pensions | 62 | €22,053 | - | -€22,053 | |
| Other operating charges | 640/8 | €878 | €2,095 | +€1,217 | +138.7% |
| Gross operating margin | 9900 | -€3,952 | €1,338 | +€5,289 | |
| Operating profit (loss) | 9901 | -€26,882 | -€757 | +€26,125 | +97.2% |
| Financial income | 75/76B | €2,123 | €2,505 | +€382 | +18.0% |
| Recurring financial income | 75 | €2,123 | €2,505 | +€382 | +18.0% |
| Financial charges | 65/66B | €322 | €129 | -€193 | -59.9% |
| Recurring financial charges | 65 | €322 | €129 | -€193 | -59.9% |
| Profit (loss) for the period before taxes | 9903 | -€25,081 | €1,619 | +€26,700 | |
| Profit (loss) for the period | 9904 | -€25,081 | €1,619 | +€26,700 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,081 | €1,619 | +€26,700 |
Source: filed annual accounts (NBB), fiscal 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 October 2026 via checked.be.