VLN STORAGE: 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.
What changed
VLN STORAGE
NACE 52.100, Warehousing and storage
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€196,892
2024 · €126,478+€70,413
Equity
€589,499
2024 · €392,607+€196,892
Cash
€17,924
2024 · €4,976+€12,948
Balance sheet total
€7.3m
2024 · €7.7m-€400,413
Largest movements
Assets
- Tangible fixed assets -€479,167
down €479,167 (-6.3%), from €7.7m to €7.2m
Equity and liabilities
- Debts after one year -€588,575
down €588,575 (-8.5%), from €6.9m to €6.3m
- Profit (loss) carried forward +€265,203
up €265,203 (+26.2%), from -€1.0m to -€748,641
Income statement
- Financial charges -€47,764
down €47,764 (-7.9%), from €601,142 to €553,378
- Gross operating margin +€21,186
up €21,186 (+1.8%), from €1.2m to €1.2m
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.
Result 2024
€126,478
Gross operating margin
+€21,186
Depreciation
+€1,467
Other operating charges
-€33
Financial charges
+€47,764
Deferred taxes and other
+€30
Result 2025
€196,892
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.
From operations
+€601,523
Investment
€0
Financing
-€588,575
Cash 2024
€4,976
From operations (derived)
+€601,523
Net result for the year
+€196,892
Depreciation
+€479,167
Receivables within one year
-€3,817
Deferred charges and accrued income
-€61,989
Provisions
-€22,770
Trade debts
+€14,754
Other debts
-€713
Financing
-€588,575
Debts after one year
-€588,575
Cash 2025
€17,924
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,673,626 | €7,273,213 | -€400,413 | -5.2% |
| Fixed assets | 21/28 | €7,666,667 | €7,187,500 | -€479,167 | -6.3% |
| Tangible fixed assets | 22/27 | €7,666,667 | €7,187,500 | -€479,167 | -6.3% |
| Land and buildings | 22 | €7,666,667 | €7,187,500 | -€479,167 | -6.3% |
| Current assets | 29/58 | €6,959 | €85,713 | +€78,754 | +1131.6% |
| Amounts receivable within one year | 40/41 | €1,983 | €5,801 | +€3,817 | +192.5% |
| Trade receivables | 40 | €1,422 | - | -€1,422 | |
| Other amounts receivable | 41 | €561 | €5,801 | +€5,239 | +933.2% |
| Cash at bank and in hand | 54/58 | €4,976 | €17,924 | +€12,948 | +260.2% |
| Deferred charges and accrued income | 490/1 | - | €61,989 | +€61,989 | |
| Total equity and liabilities | 10/49 | €7,673,626 | €7,273,213 | -€400,413 | -5.2% |
| Equity | 10/15 | €392,607 | €589,499 | +€196,892 | +50.1% |
| Contributions | 10/11 | €156,886 | €156,886 | = | 0.0% |
| Capital | 10 | €156,450 | €156,450 | = | 0.0% |
| Issued capital | 100 | €156,450 | €156,450 | = | 0.0% |
| Outside capital | 11 | €436 | €436 | = | 0.0% |
| Share premium | 1100/10 | €436 | €436 | = | 0.0% |
| Reserves | 13 | €1,249,566 | €1,181,255 | -€68,311 | -5.5% |
| Non-distributable reserves | 130/1 | €15,645 | €15,645 | = | 0.0% |
| Legal reserve | 130 | €15,645 | €15,645 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,095,827 | €1,027,515 | -€68,311 | -6.2% |
| Distributable reserves | 133 | €138,095 | €138,095 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,013,844 | -€748,641 | +€265,203 | +26.2% |
| Provisions and deferred taxes | 16 | €365,306 | €342,535 | -€22,770 | -6.2% |
| Deferred taxes | 168 | €365,306 | €342,535 | -€22,770 | -6.2% |
| Amounts payable | 17/49 | €6,915,713 | €6,341,179 | -€574,534 | -8.3% |
| Amounts payable after more than one year | 17 | €6,915,000 | €6,326,425 | -€588,575 | -8.5% |
| Financial debts | 170/4 | €6,915,000 | €6,326,425 | -€588,575 | -8.5% |
| Amounts payable within one year | 42/48 | €713 | €14,754 | +€14,041 | +1969.3% |
| Trade debts | 44 | - | €14,754 | +€14,754 | |
| Suppliers | 440/4 | - | €14,754 | +€14,754 | |
| Other amounts payable | 47/48 | €713 | - | -€713 | |
| Non-recurring operating income | 76A | €15,250 | - | -€15,250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €480,633 | €479,167 | -€1,467 | -0.3% |
| Other operating charges | 640/8 | €1,086 | €1,118 | +€33 | +3.0% |
| Gross operating margin | 9900 | €1,186,598 | €1,207,784 | +€21,186 | +1.8% |
| Operating profit (loss) | 9901 | €704,880 | €727,499 | +€22,620 | +3.2% |
| Financial charges | 65/66B | €601,142 | €553,378 | -€47,764 | -7.9% |
| Recurring financial charges | 65 | €601,142 | €553,378 | -€47,764 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | €103,738 | €174,121 | +€70,383 | +67.8% |
| Transfer from deferred taxes | 780 | €22,740 | €22,770 | +€30 | +0.1% |
| Profit (loss) for the period | 9904 | €126,478 | €196,892 | +€70,413 | +55.7% |
| Transfer from tax-exempt reserves | 789 | €68,311 | €68,311 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €194,790 | €265,203 | +€70,413 | +36.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.