VLICO: 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.
VLICO
Largest movements
- Cash +€9,589
up €9,589 (+36.2%), from €26,501 to €36,090
mainly Net result for the year (+€10,760) and Depreciation (+€2,096)
- Tangible fixed assets -€2,096
down €2,096 (-22.7%), from €9,247 to €7,151
of which Furniture and vehicles: -€1,681
- Reserves +€9,927
up €9,927 (+49.5%), from €20,058 to €29,985
- Trade debts -€1,374
down €1,374 (-38.5%), from €3,571 to €2,197
- Other debts -€781
down €781 (-75.1%), from €1,041 to €260
- Gross operating margin -€1,933
down €1,933 (-9.9%), from €19,504 to €17,571
- Other operating charges -€305
down €305 (-34.9%), from €876 to €570
- Depreciation +€273
up €273 (+15.0%), from €1,823 to €2,096
- Taxes -€233
down €233 (-5.5%), from €4,228 to €3,995
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 | €35,748 | €43,241 | +€7,493 | +21.0% |
| Fixed assets | 21/28 | €9,247 | €7,151 | -€2,096 | -22.7% |
| Tangible fixed assets | 22/27 | €9,247 | €7,151 | -€2,096 | -22.7% |
| Furniture and vehicles | 24 | €5,311 | €3,631 | -€1,681 | -31.6% |
| Other tangible fixed assets | 26 | €3,935 | €3,520 | -€415 | -10.5% |
| Current assets | 29/58 | €26,501 | €36,090 | +€9,589 | +36.2% |
| Cash at bank and in hand | 54/58 | €26,501 | €36,090 | +€9,589 | +36.2% |
| Total equity and liabilities | 10/49 | €35,748 | €43,241 | +€7,493 | +21.0% |
| Equity | 10/15 | €25,058 | €34,985 | +€9,927 | +39.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €20,058 | €29,985 | +€9,927 | +49.5% |
| Distributable reserves | 133 | €20,058 | €29,985 | +€9,927 | +49.5% |
| Amounts payable | 17/49 | €10,690 | €8,256 | -€2,434 | -22.8% |
| Amounts payable within one year | 42/48 | €10,690 | €8,256 | -€2,434 | -22.8% |
| Trade debts | 44 | €3,571 | €2,197 | -€1,374 | -38.5% |
| Suppliers | 440/4 | €3,571 | €2,197 | -€1,374 | -38.5% |
| Taxes, remuneration and social security | 45 | €6,078 | €5,799 | -€279 | -4.6% |
| Taxes | 450/3 | €6,078 | €5,799 | -€279 | -4.6% |
| Other amounts payable | 47/48 | €1,041 | €260 | -€781 | -75.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,823 | €2,096 | +€273 | +15.0% |
| Other operating charges | 640/8 | €876 | €570 | -€305 | -34.9% |
| Gross operating margin | 9900 | €19,504 | €17,571 | -€1,933 | -9.9% |
| Operating profit (loss) | 9901 | €16,805 | €14,905 | -€1,900 | -11.3% |
| Financial charges | 65/66B | €150 | €149 | -€1 | -0.6% |
| Recurring financial charges | 65 | €150 | €149 | -€1 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | €16,655 | €14,756 | -€1,900 | -11.4% |
| Income taxes | 67/77 | €4,228 | €3,995 | -€233 | -5.5% |
| Profit (loss) for the period | 9904 | €12,427 | €10,760 | -€1,667 | -13.4% |
| Profit (loss) for the period to be appropriated | 9905 | €12,427 | €10,760 | -€1,667 | -13.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.