VLIMA: 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.
VLIMA
Largest movements
- Receivables within one year +€17,773
up €17,773 (+29.1%), from €61,175 to €78,948
of which Trade receivables: +€15,499
- Tangible fixed assets -€7,287
down €7,287 (-54.4%), from €13,385 to €6,098
of which Furniture and vehicles: -€6,186
- Cash -€6,645
down €6,645 (-12.6%), from €52,601 to €45,956
mainly Receivables within one year (-€17,773) and Trade debts (-€3,162)
- Stocks and contracts -€2,875
down €2,875 (-15.5%), from €18,500 to €15,625
- Tax, wage and social debts +€6,901
up €6,901 (+78.6%), from €8,780 to €15,680
of which Remuneration and social security: +€6,107
- Trade debts -€3,162
down €3,162 (-11.7%), from €27,084 to €23,922
- Profit (loss) carried forward -€2,773
down €2,773 (-6.2%), from €44,499 to €41,726
- Staff costs +€37,365
up €37,365 (+27.4%), from €136,190 to €173,555
- Gross operating margin +€21,701
up €21,701 (+13.8%), from €157,656 to €179,357
- Taxes -€9,341
down €9,341, from €6,705 to -€2,637
- Financial charges +€2,036
up €2,036 (+580.7%), from €351 to €2,386
of which Non-recurring financial charges: +€1,066
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 | €146,911 | €147,877 | +€966 | +0.7% |
| Fixed assets | 21/28 | €14,635 | €7,348 | -€7,287 | -49.8% |
| Tangible fixed assets | 22/27 | €13,385 | €6,098 | -€7,287 | -54.4% |
| Land and buildings | 22 | €903 | €638 | -€265 | -29.4% |
| Plant, machinery and equipment | 23 | €2,584 | €1,748 | -€836 | -32.4% |
| Furniture and vehicles | 24 | €9,898 | €3,712 | -€6,186 | -62.5% |
| Financial fixed assets | 28 | €1,250 | €1,250 | = | 0.0% |
| Current assets | 29/58 | €132,276 | €140,529 | +€8,253 | +6.2% |
| Stocks and contracts in progress | 3 | €18,500 | €15,625 | -€2,875 | -15.5% |
| Stocks | 30/36 | €18,500 | €15,625 | -€2,875 | -15.5% |
| Amounts receivable within one year | 40/41 | €61,175 | €78,948 | +€17,773 | +29.1% |
| Trade receivables | 40 | €38,389 | €53,888 | +€15,499 | +40.4% |
| Other amounts receivable | 41 | €22,786 | €25,060 | +€2,274 | +10.0% |
| Cash at bank and in hand | 54/58 | €52,601 | €45,956 | -€6,645 | -12.6% |
| Total equity and liabilities | 10/49 | €146,911 | €147,877 | +€966 | +0.7% |
| Equity | 10/15 | €111,047 | €108,275 | -€2,773 | -2.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €46,549 | €46,549 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,100 | €6,100 | = | 0.0% |
| Distributable reserves | 133 | €40,449 | €40,449 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,499 | €41,726 | -€2,773 | -6.2% |
| Amounts payable | 17/49 | €35,863 | €39,602 | +€3,739 | +10.4% |
| Amounts payable within one year | 42/48 | €35,863 | €39,602 | +€3,739 | +10.4% |
| Trade debts | 44 | €27,084 | €23,922 | -€3,162 | -11.7% |
| Suppliers | 440/4 | €27,084 | €23,922 | -€3,162 | -11.7% |
| Taxes, remuneration and social security | 45 | €8,780 | €15,680 | +€6,901 | +78.6% |
| Taxes | 450/3 | - | €794 | +€794 | |
| Remuneration and social security | 454/9 | €8,780 | €14,887 | +€6,107 | +69.6% |
| Remuneration, social security and pensions | 62 | €136,190 | €173,555 | +€37,365 | +27.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,086 | €9,065 | -€20 | -0.2% |
| Other operating charges | 640/8 | €1,345 | €1,502 | +€157 | +11.6% |
| Gross operating margin | 9900 | €157,656 | €179,357 | +€21,701 | +13.8% |
| Operating profit (loss) | 9901 | €11,035 | -€4,765 | -€15,800 | |
| Financial income | 75/76B | - | €1,742 | +€1,742 | |
| Recurring financial income | 75 | - | €1,742 | +€1,742 | |
| Financial charges | 65/66B | €351 | €2,386 | +€2,036 | +580.7% |
| Recurring financial charges | 65 | €351 | €1,321 | +€970 | +276.7% |
| Non-recurring financial charges | 66B | - | €1,066 | +€1,066 | |
| Profit (loss) for the period before taxes | 9903 | €10,685 | -€5,410 | -€16,094 | |
| Income taxes | 67/77 | €6,705 | -€2,637 | -€9,341 | |
| Profit (loss) for the period | 9904 | €3,980 | -€2,773 | -€6,753 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,980 | -€2,773 | -€6,753 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.