Vlevaco: 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.
Vlevaco
Largest movements
- Receivables within one year -€1.5m
down €1.5m (-84.4%), from €1.8m to €273,600
of which Other amounts receivable: -€1.5m
- Other debts -€1.4m
down €1.4m (-37.1%), from €3.9m to €2.4m
- Financial income -€1.1m
down €1.1m (-82.1%), from €1.4m to €245,825
- Financial charges +€18,813
up €18,813 (+29.0%), from €64,807 to €83,620
- Gross operating margin +€14,876
up €14,876 (+27.1%), from €54,923 to €69,800
- Other operating charges +€731
up €731 (+201.5%), from €363 to €1,094
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,964,814 | €2,512,236 | -€1.5m | -36.6% |
| Fixed assets | 21/28 | €2,195,201 | €2,195,201 | = | 0.0% |
| Financial fixed assets | 28 | €2,195,201 | €2,195,201 | = | 0.0% |
| Current assets | 29/58 | €1,769,613 | €317,035 | -€1.5m | -82.1% |
| Amounts receivable within one year | 40/41 | €1,751,555 | €273,600 | -€1.5m | -84.4% |
| Trade receivables | 40 | €60,000 | €45,000 | -€15,000 | -25.0% |
| Other amounts receivable | 41 | €1,691,555 | €228,600 | -€1.5m | -86.5% |
| Deferred charges and accrued income | 490/1 | €18,058 | €43,435 | +€25,377 | +140.5% |
| Total equity and liabilities | 10/49 | €3,964,814 | €2,512,236 | -€1.5m | -36.6% |
| Equity | 10/15 | €21,242 | €23,553 | +€2,311 | +10.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €782 | €3,093 | +€2,311 | +295.7% |
| Amounts payable | 17/49 | €3,943,573 | €2,488,683 | -€1.5m | -36.9% |
| Amounts payable within one year | 42/48 | €3,918,150 | €2,488,683 | -€1.4m | -36.5% |
| Trade debts | 44 | €60,000 | €60,000 | = | 0.0% |
| Suppliers | 440/4 | €60,000 | €60,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €1,223 | €1,223 | = | 0.0% |
| Taxes | 450/3 | €1,223 | €1,223 | = | 0.0% |
| Other amounts payable | 47/48 | €3,856,926 | €2,427,460 | -€1.4m | -37.1% |
| Accrued charges and deferred income | 492/3 | €25,423 | - | -€25,423 | |
| Other operating charges | 640/8 | €363 | €1,094 | +€731 | +201.5% |
| Gross operating margin | 9900 | €54,923 | €69,800 | +€14,876 | +27.1% |
| Operating profit (loss) | 9901 | €54,561 | €68,706 | +€14,145 | +25.9% |
| Financial income | 75/76B | €1,371,823 | €245,825 | -€1.1m | -82.1% |
| Recurring financial income | 75 | €1,371,823 | €245,825 | -€1.1m | -82.1% |
| Financial charges | 65/66B | €64,807 | €83,620 | +€18,813 | +29.0% |
| Recurring financial charges | 65 | €64,807 | €83,620 | +€18,813 | +29.0% |
| Profit (loss) for the period before taxes | 9903 | €1,361,577 | €230,911 | -€1.1m | -83.0% |
| Profit (loss) for the period | 9904 | €1,361,577 | €230,911 | -€1.1m | -83.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,361,577 | €230,911 | -€1.1m | -83.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.