Vlinus: 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.
Vlinus
Largest movements
- Cash -€20,952
down €20,952 (-59.6%), from €35,170 to €14,218
mainly Debts after one year (-€13,262) and Net result for the year (-€10,879)
- Tangible fixed assets -€14,468
down €14,468 (-22.7%), from €63,649 to €49,181
of which Furniture and vehicles: -€13,008
- Receivables within one year +€4,363
up €4,363 (+45.1%), from €9,681 to €14,044
of which Trade receivables: +€2,384
- Debts after one year -€13,262
down €13,262 (-29.3%), from €45,334 to €32,073
- Profit (loss) carried forward -€10,879
down €10,879 (-43.9%), from -€24,769 to -€35,648
- Tax, wage and social debts -€6,470
down €6,470 (-72.9%), from €8,870 to €2,400
of which Taxes: -€6,470
- Other debts -€1,207
down €1,207 (-3.4%), from €35,000 to €33,793
- Gross operating margin +€19,276
up €19,276, from -€11,089 to €8,187
- Taxes +€3,984
up €3,984, from -€1,984 to €2,000
- Depreciation +€3,197
up €3,197 (+25.3%), from €12,645 to €15,842
- Financial income +€2,086
up €2,086 (+3,853%), from €54 to €2,140
- Financial charges +€468
up €468 (+20.1%), from €2,331 to €2,798
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 | €108,633 | €77,634 | -€30,999 | -28.5% |
| Fixed assets | 21/28 | €63,649 | €49,181 | -€14,468 | -22.7% |
| Tangible fixed assets | 22/27 | €63,649 | €49,181 | -€14,468 | -22.7% |
| Plant, machinery and equipment | 23 | €5,721 | €4,261 | -€1,460 | -25.5% |
| Furniture and vehicles | 24 | €57,927 | €44,920 | -€13,008 | -22.5% |
| Current assets | 29/58 | €44,984 | €28,452 | -€16,531 | -36.7% |
| Amounts receivable within one year | 40/41 | €9,681 | €14,044 | +€4,363 | +45.1% |
| Trade receivables | 40 | €7,353 | €9,736 | +€2,384 | +32.4% |
| Other amounts receivable | 41 | €2,328 | €4,308 | +€1,979 | +85.0% |
| Cash at bank and in hand | 54/58 | €35,170 | €14,218 | -€20,952 | -59.6% |
| Deferred charges and accrued income | 490/1 | €133 | €191 | +€57 | +43.1% |
| Total equity and liabilities | 10/49 | €108,633 | €77,634 | -€30,999 | -28.5% |
| Equity | 10/15 | €4,913 | -€5,966 | -€10,879 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €11,083 | €11,083 | = | 0.0% |
| Distributable reserves | 133 | €11,083 | €11,083 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,769 | -€35,648 | -€10,879 | -43.9% |
| Amounts payable | 17/49 | €103,719 | €83,599 | -€20,120 | -19.4% |
| Amounts payable after more than one year | 17 | €45,334 | €32,073 | -€13,262 | -29.3% |
| Financial debts | 170/4 | €45,334 | €32,073 | -€13,262 | -29.3% |
| Amounts payable within one year | 42/48 | €58,385 | €51,527 | -€6,859 | -11.7% |
| Current portion of amounts payable after more than one year | 42 | €12,687 | €13,262 | +€574 | +4.5% |
| Trade debts | 44 | €1,828 | €2,072 | +€244 | +13.3% |
| Suppliers | 440/4 | €1,828 | €2,072 | +€244 | +13.3% |
| Taxes, remuneration and social security | 45 | €8,870 | €2,400 | -€6,470 | -72.9% |
| Taxes | 450/3 | €6,470 | €0 | -€6,470 | -100% |
| Remuneration and social security | 454/9 | €2,400 | €2,400 | = | 0.0% |
| Other amounts payable | 47/48 | €35,000 | €33,793 | -€1,207 | -3.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €39 | €0 | -€39 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,645 | €15,842 | +€3,197 | +25.3% |
| Other operating charges | 640/8 | €704 | €566 | -€138 | -19.6% |
| Gross operating margin | 9900 | -€11,089 | €8,187 | +€19,276 | |
| Operating profit (loss) | 9901 | -€24,477 | -€8,220 | +€16,256 | +66.4% |
| Financial income | 75/76B | €54 | €2,140 | +€2,086 | +3,853% |
| Recurring financial income | 75 | €54 | €2,140 | +€2,086 | +3,853% |
| Financial charges | 65/66B | €2,331 | €2,798 | +€468 | +20.1% |
| Recurring financial charges | 65 | €2,331 | €2,798 | +€468 | +20.1% |
| Profit (loss) for the period before taxes | 9903 | -€26,753 | -€8,879 | +€17,875 | +66.8% |
| Income taxes | 67/77 | -€1,984 | €2,000 | +€3,984 | |
| Profit (loss) for the period | 9904 | -€24,769 | -€10,879 | +€13,891 | +56.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,769 | -€10,879 | +€13,891 | +56.1% |
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 19 October 2026 via checked.be.