VLIMAR: 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.
VLIMAR
Largest movements
- Receivables within one year +€145,539
up €145,539 (+542%), from €26,874 to €172,413
- Profit (loss) carried forward +€120,970
up €120,970 (+81.1%), from -€149,251 to -€28,280
- Tax, wage and social debts +€19,762
up €19,762 (+57.0%), from €34,646 to €54,408
of which Taxes: +€25,355
- Other debts +€9,782
up €9,782 (+12.5%), from €78,524 to €88,306
- Trade debts -€5,098
down €5,098 (-34.3%), from €14,844 to €9,746
- Gross operating margin +€163,351
up €163,351 (+174%), from €94,098 to €257,449
- Staff costs -€35,669
down €35,669 (-25.2%), from €141,478 to €105,809
- Taxes +€26,168
new in 2025: €26,168
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
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 | €40,764 | €186,180 | +€145,416 | +357% |
| Fixed assets | 21/28 | €4,568 | €3,203 | -€1,365 | -29.9% |
| Tangible fixed assets | 22/27 | €4,568 | €3,203 | -€1,365 | -29.9% |
| Plant, machinery and equipment | 23 | €4,568 | €3,203 | -€1,365 | -29.9% |
| Current assets | 29/58 | €36,195 | €182,976 | +€146,781 | +406% |
| Stocks and contracts in progress | 3 | €9,321 | €10,563 | +€1,242 | +13.3% |
| Stocks | 30/36 | €9,321 | €10,563 | +€1,242 | +13.3% |
| Amounts receivable within one year | 40/41 | €26,874 | €172,413 | +€145,539 | +542% |
| Trade receivables | 40 | €26,874 | €172,413 | +€145,539 | +542% |
| Total equity and liabilities | 10/49 | €40,764 | €186,180 | +€145,416 | +357% |
| Equity | 10/15 | -€87,251 | €33,720 | +€120,970 | |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€149,251 | -€28,280 | +€120,970 | +81.1% |
| Amounts payable | 17/49 | €128,015 | €152,460 | +€24,446 | +19.1% |
| Amounts payable within one year | 42/48 | €128,015 | €152,460 | +€24,446 | +19.1% |
| Trade debts | 44 | €14,844 | €9,746 | -€5,098 | -34.3% |
| Suppliers | 440/4 | €14,844 | €9,746 | -€5,098 | -34.3% |
| Taxes, remuneration and social security | 45 | €34,646 | €54,408 | +€19,762 | +57.0% |
| Taxes | 450/3 | €8,093 | €33,448 | +€25,355 | +313% |
| Remuneration and social security | 454/9 | €26,553 | €20,960 | -€5,593 | -21.1% |
| Other amounts payable | 47/48 | €78,524 | €88,306 | +€9,782 | +12.5% |
| Non-recurring operating income | 76A | - | €12,000 | +€12,000 | |
| Remuneration, social security and pensions | 62 | €141,478 | €105,809 | -€35,669 | -25.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,365 | €1,365 | = | 0.0% |
| Other operating charges | 640/8 | €141 | €161 | +€20 | +14.4% |
| Gross operating margin | 9900 | €94,098 | €257,449 | +€163,351 | +174% |
| Operating profit (loss) | 9901 | -€48,886 | €150,114 | +€199,000 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €3,084 | €2,977 | -€108 | -3.5% |
| Recurring financial charges | 65 | €3,084 | €2,977 | -€108 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | -€51,970 | €147,138 | +€199,107 | |
| Income taxes | 67/77 | - | €26,168 | +€26,168 | |
| Profit (loss) for the period | 9904 | -€51,970 | €120,970 | +€172,940 | |
| Profit (loss) for the period to be appropriated | 9905 | -€51,970 | €120,970 | +€172,940 |
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 24 October 2026 via checked.be.