VLICO BEHEER: 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.
VLICO BEHEER
Largest movements
- Cash +€9,573
up €9,573 (+58.2%), from €16,440 to €26,013
mainly Net result for the year (+€9,324) and Depreciation (+€5,420)
- Tangible fixed assets -€5,420
down €5,420 (-15.6%), from €34,686 to €29,266
of which Land and buildings: -€3,984
- Reserves +€8,467
up €8,467 (+34.5%), from €24,569 to €33,036
- Other debts -€4,920
down €4,920 (-70.1%), from €7,022 to €2,102
- Tax, wage and social debts +€830
up €830 (+135%), from €616 to €1,445
- Gross operating margin +€5,441
up €5,441 (+42.1%), from €12,921 to €18,362
- Taxes +€476
up €476 (+128%), from €371 to €847
- Depreciation +€220
up €220 (+4.2%), from €5,199 to €5,420
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 | €57,207 | €61,775 | +€4,568 | +8.0% |
| Fixed assets | 21/28 | €39,686 | €34,266 | -€5,420 | -13.7% |
| Tangible fixed assets | 22/27 | €34,686 | €29,266 | -€5,420 | -15.6% |
| Land and buildings | 22 | €25,528 | €21,544 | -€3,984 | -15.6% |
| Plant, machinery and equipment | 23 | €9,158 | €7,722 | -€1,436 | -15.7% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €17,521 | €27,509 | +€9,987 | +57.0% |
| Amounts receivable within one year | 40/41 | €928 | €1,331 | +€403 | +43.4% |
| Trade receivables | 40 | €928 | €1,331 | +€403 | +43.4% |
| Cash at bank and in hand | 54/58 | €16,440 | €26,013 | +€9,573 | +58.2% |
| Deferred charges and accrued income | 490/1 | €154 | €165 | +€11 | +7.1% |
| Total equity and liabilities | 10/49 | €57,207 | €61,775 | +€4,568 | +8.0% |
| Equity | 10/15 | €49,569 | €58,036 | +€8,467 | +17.1% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €24,569 | €33,036 | +€8,467 | +34.5% |
| Distributable reserves | 133 | €24,569 | €33,036 | +€8,467 | +34.5% |
| Amounts payable | 17/49 | €7,638 | €3,738 | -€3,900 | -51.1% |
| Amounts payable within one year | 42/48 | €7,638 | €3,738 | -€3,900 | -51.1% |
| Trade debts | 44 | - | €191 | +€191 | |
| Suppliers | 440/4 | - | €191 | +€191 | |
| Taxes, remuneration and social security | 45 | €616 | €1,445 | +€830 | +135% |
| Taxes | 450/3 | €616 | €1,445 | +€830 | +135% |
| Other amounts payable | 47/48 | €7,022 | €2,102 | -€4,920 | -70.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,199 | €5,420 | +€220 | +4.2% |
| Other operating charges | 640/8 | €2,701 | €2,784 | +€83 | +3.1% |
| Gross operating margin | 9900 | €12,921 | €18,362 | +€5,441 | +42.1% |
| Operating profit (loss) | 9901 | €5,020 | €10,158 | +€5,138 | +102% |
| Financial income | 75/76B | €42 | €57 | +€16 | +38.1% |
| Recurring financial income | 75 | €42 | €57 | +€16 | +38.1% |
| Financial charges | 65/66B | €122 | €45 | -€77 | -63.1% |
| Recurring financial charges | 65 | €122 | €45 | -€77 | -63.1% |
| Profit (loss) for the period before taxes | 9903 | €4,940 | €10,171 | +€5,231 | +106% |
| Income taxes | 67/77 | €371 | €847 | +€476 | +128% |
| Profit (loss) for the period | 9904 | €4,568 | €9,324 | +€4,756 | +104% |
| Profit (loss) for the period to be appropriated | 9905 | €4,568 | €9,324 | +€4,756 | +104% |
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 29 October 2026 via checked.be.