VLOO: 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.
VLOO
Largest movements
- Intangible fixed assets -€46,898
down €46,898 (-65.7%), from €71,350 to €24,451
- Cash -€10,440
down €10,440 (-78.3%), from €13,332 to €2,891
mainly Debts after one year (-€35,801) and Net result for the year (-€11,823)
- Receivables within one year -€2,896
down €2,896 (-48.3%), from €6,000 to €3,104
- Debts after one year -€35,801
down €35,801 (-20.5%), from €174,297 to €138,496
- Profit (loss) carried forward -€11,823
down €11,823 (-5.7%), from -€206,110 to -€217,932
- Tax, wage and social debts -€11,428
down €11,428 (-95.1%), from €12,020 to €592
- Trade debts -€1,182
down €1,182 (-14.8%), from €7,973 to €6,791
- Gross operating margin -€64,794
down €64,794 (-64.1%), from €101,032 to €36,239
- Financial charges -€12,079
down €12,079 (-91.4%), from €13,221 to €1,143
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 | €90,681 | €30,447 | -€60,234 | -66.4% |
| Fixed assets | 21/28 | €71,350 | €24,451 | -€46,898 | -65.7% |
| Intangible fixed assets | 21 | €71,350 | €24,451 | -€46,898 | -65.7% |
| Current assets | 29/58 | €19,332 | €5,995 | -€13,336 | -69.0% |
| Amounts receivable within one year | 40/41 | €6,000 | €3,104 | -€2,896 | -48.3% |
| Trade receivables | 40 | €6,000 | €3,104 | -€2,896 | -48.3% |
| Cash at bank and in hand | 54/58 | €13,332 | €2,891 | -€10,440 | -78.3% |
| Total equity and liabilities | 10/49 | €90,681 | €30,447 | -€60,234 | -66.4% |
| Equity | 10/15 | -€103,610 | -€115,432 | -€11,823 | -11.4% |
| Contributions | 10/11 | €102,500 | €102,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€206,110 | -€217,932 | -€11,823 | -5.7% |
| Amounts payable | 17/49 | €194,291 | €145,879 | -€48,412 | -24.9% |
| Amounts payable after more than one year | 17 | €174,297 | €138,496 | -€35,801 | -20.5% |
| Financial debts | 170/4 | €174,297 | €138,496 | -€35,801 | -20.5% |
| Amounts payable within one year | 42/48 | €19,993 | €7,383 | -€12,611 | -63.1% |
| Trade debts | 44 | €7,973 | €6,791 | -€1,182 | -14.8% |
| Suppliers | 440/4 | €7,973 | €6,791 | -€1,182 | -14.8% |
| Taxes, remuneration and social security | 45 | €12,020 | €592 | -€11,428 | -95.1% |
| Taxes | 450/3 | €12,020 | €592 | -€11,428 | -95.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,206 | €46,898 | -€308 | -0.7% |
| Other operating charges | 640/8 | €184 | €51 | -€133 | -72.5% |
| Gross operating margin | 9900 | €101,032 | €36,239 | -€64,794 | -64.1% |
| Operating profit (loss) | 9901 | €53,643 | -€10,710 | -€64,353 | |
| Financial income | 75/76B | - | €30 | +€30 | |
| Recurring financial income | 75 | - | €30 | +€30 | |
| Financial charges | 65/66B | €13,221 | €1,143 | -€12,079 | -91.4% |
| Recurring financial charges | 65 | €13,221 | €1,143 | -€12,079 | -91.4% |
| Profit (loss) for the period before taxes | 9903 | €40,421 | -€11,823 | -€52,244 | |
| Profit (loss) for the period | 9904 | €40,421 | -€11,823 | -€52,244 | |
| Profit (loss) for the period to be appropriated | 9905 | €40,421 | -€11,823 | -€52,244 |
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 13 October 2026 via checked.be.