VLC IMMO: 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.
VLC IMMO
Largest movements
- Tangible fixed assets +€17,956
up €17,956 (+3.6%), from €496,221 to €514,177
- Other debts +€16,236
up €16,236 (+6.8%), from €240,160 to €256,396
- Debts after one year -€11,280
down €11,280 (-3.8%), from €300,507 to €289,228
- Trade debts +€7,385
up €7,385 (+636.5%), from €1,160 to €8,545
- Gross operating margin +€22,332
up €22,332, from -€6,158 to €16,174
- Depreciation -€21,786
down €21,786 (-87.4%), from €24,917 to €3,131
- Financial charges -€4,467
down €4,467 (-25.4%), from €17,562 to €13,094
- Financial income -€287
no longer reported in 2025 (was €287)
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 | €503,862 | €516,884 | +€13,023 | +2.6% |
| Fixed assets | 21/28 | €497,421 | €515,377 | +€17,956 | +3.6% |
| Tangible fixed assets | 22/27 | €496,221 | €514,177 | +€17,956 | +3.6% |
| Land and buildings | 22 | €496,221 | €514,177 | +€17,956 | +3.6% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €6,441 | €1,508 | -€4,933 | -76.6% |
| Cash at bank and in hand | 54/58 | €1,699 | €1,141 | -€558 | -32.9% |
| Deferred charges and accrued income | 490/1 | €4,742 | €367 | -€4,375 | -92.3% |
| Total equity and liabilities | 10/49 | €503,862 | €516,884 | +€13,023 | +2.6% |
| Equity | 10/15 | -€48,783 | -€50,643 | -€1,860 | -3.8% |
| Contributions | 10/11 | €1,300 | €1,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,083 | -€51,943 | -€1,860 | -3.7% |
| Amounts payable | 17/49 | €552,645 | €567,528 | +€14,883 | +2.7% |
| Amounts payable after more than one year | 17 | €300,507 | €289,228 | -€11,280 | -3.8% |
| Financial debts | 170/4 | €300,507 | €289,228 | -€11,280 | -3.8% |
| Amounts payable within one year | 42/48 | €252,138 | €277,280 | +€25,142 | +10.0% |
| Current portion of amounts payable after more than one year | 42 | €10,818 | €11,280 | +€462 | +4.3% |
| Trade debts | 44 | €1,160 | €8,545 | +€7,385 | +636.5% |
| Suppliers | 440/4 | €1,160 | €8,545 | +€7,385 | +636.5% |
| Advances received on contracts in progress | 46 | - | €1,060 | +€1,060 | |
| Other amounts payable | 47/48 | €240,160 | €256,396 | +€16,236 | +6.8% |
| Accrued charges and deferred income | 492/3 | - | €1,020 | +€1,020 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,917 | €3,131 | -€21,786 | -87.4% |
| Other operating charges | 640/8 | €1,734 | €1,809 | +€75 | +4.3% |
| Gross operating margin | 9900 | -€6,158 | €16,174 | +€22,332 | |
| Operating profit (loss) | 9901 | -€32,809 | €11,234 | +€44,043 | |
| Financial income | 75/76B | €287 | - | -€287 | |
| Recurring financial income | 75 | €287 | - | -€287 | |
| Financial charges | 65/66B | €17,562 | €13,094 | -€4,467 | -25.4% |
| Recurring financial charges | 65 | €17,562 | €13,094 | -€4,467 | -25.4% |
| Profit (loss) for the period before taxes | 9903 | -€50,083 | -€1,860 | +€48,223 | +96.3% |
| Profit (loss) for the period | 9904 | -€50,083 | -€1,860 | +€48,223 | +96.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€50,083 | -€1,860 | +€48,223 | +96.3% |
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 7 October 2026 via checked.be.