VLB Yachting: 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.
VLB Yachting
Largest movements
- Tangible fixed assets -€35,000
down €35,000 (-3.2%), from €1.1m to €1.1m
- Profit (loss) carried forward -€31,308
down €31,308 (-93.4%), from -€33,516 to -€64,824
- Gross operating margin +€4,577
up €4,577, from -€410 to €4,167
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 | €1,092,111 | €1,060,725 | -€31,386 | -2.9% |
| Fixed assets | 21/28 | €1,092,000 | €1,057,000 | -€35,000 | -3.2% |
| Tangible fixed assets | 22/27 | €1,092,000 | €1,057,000 | -€35,000 | -3.2% |
| Land and buildings | 22 | €1,092,000 | €1,057,000 | -€35,000 | -3.2% |
| Current assets | 29/58 | €111 | €3,725 | +€3,614 | +3,262% |
| Amounts receivable within one year | 40/41 | - | €2,807 | +€2,807 | |
| Trade receivables | 40 | - | €2,420 | +€2,420 | |
| Other amounts receivable | 41 | - | €387 | +€387 | |
| Cash at bank and in hand | 54/58 | €111 | €918 | +€807 | +729% |
| Total equity and liabilities | 10/49 | €1,092,111 | €1,060,725 | -€31,386 | -2.9% |
| Equity | 10/15 | €57,641 | €26,333 | -€31,308 | -54.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €72,557 | €72,557 | = | 0.0% |
| Distributable reserves | 133 | €72,557 | €72,557 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,516 | -€64,824 | -€31,308 | -93.4% |
| Amounts payable | 17/49 | €1,034,470 | €1,034,392 | -€78 | 0.0% |
| Amounts payable after more than one year | 17 | €800,000 | €800,000 | = | 0.0% |
| Financial debts | 170/4 | €800,000 | €800,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €234,470 | €234,392 | -€78 | 0.0% |
| Taxes, remuneration and social security | 45 | €78 | - | -€78 | |
| Taxes | 450/3 | €78 | - | -€78 | |
| Other amounts payable | 47/48 | €234,392 | €234,392 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,000 | €35,000 | = | 0.0% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | -€410 | €4,167 | +€4,577 | |
| Operating profit (loss) | 9901 | -€35,528 | -€30,953 | +€4,575 | +12.9% |
| Financial charges | 65/66B | €355 | €355 | = | 0.0% |
| Recurring financial charges | 65 | €355 | €355 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€35,883 | -€31,308 | +€4,575 | +12.7% |
| Profit (loss) for the period | 9904 | -€35,883 | -€31,308 | +€4,575 | +12.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€35,883 | -€31,308 | +€4,575 | +12.7% |
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 15 October 2026 via checked.be.