VLS CARGO: 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.
VLS CARGO
Largest movements
- Cash -€4,218
down €4,218 (-13.3%), from €31,678 to €27,460
mainly Contributions, distributions and other (-€50,338) and Tax, wage and social debts (-€1,418)
- Tangible fixed assets -€2,377
down €2,377 (-35.3%), from €6,728 to €4,351
of which Plant, machinery and equipment: -€1,209
- Receivables within one year +€843
up €843 (+8.2%), from €10,229 to €11,071
of which Trade receivables: +€3,220
- Profit (loss) carried forward -€36,847
no longer reported in 2025 (was €36,847)
- Other debts +€32,614
up €32,614 (+4010.3%), from €813 to €33,427
- Tax, wage and social debts -€1,418
down €1,418 (-35.1%), from €4,035 to €2,617
of which Remuneration and social security: -€1,952
- Gross operating margin +€10,977
up €10,977 (+76.9%), from €14,283 to €25,260
- Taxes +€1,660
up €1,660 (+52.9%), from €3,140 to €4,800
- Financial charges +€965
up €965 (+31.3%), from €3,079 to €4,044
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 | €48,743 | €42,927 | -€5,816 | -11.9% |
| Fixed assets | 21/28 | €6,728 | €4,351 | -€2,377 | -35.3% |
| Tangible fixed assets | 22/27 | €6,728 | €4,351 | -€2,377 | -35.3% |
| Plant, machinery and equipment | 23 | €4,662 | €3,453 | -€1,209 | -25.9% |
| Furniture and vehicles | 24 | €2,066 | €898 | -€1,168 | -56.5% |
| Current assets | 29/58 | €42,015 | €38,576 | -€3,439 | -8.2% |
| Amounts receivable within one year | 40/41 | €10,229 | €11,071 | +€843 | +8.2% |
| Trade receivables | 40 | €3,369 | €6,588 | +€3,220 | +95.6% |
| Other amounts receivable | 41 | €6,860 | €4,483 | -€2,377 | -34.7% |
| Cash at bank and in hand | 54/58 | €31,678 | €27,460 | -€4,218 | -13.3% |
| Deferred charges and accrued income | 490/1 | €108 | €44 | -€64 | -59.2% |
| Total equity and liabilities | 10/49 | €48,743 | €42,927 | -€5,816 | -11.9% |
| Equity | 10/15 | €43,730 | €6,883 | -€36,847 | -84.3% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €5,383 | €5,383 | = | 0.0% |
| Distributable reserves | 133 | €5,383 | €5,383 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,847 | - | -€36,847 | |
| Amounts payable | 17/49 | €5,013 | €36,044 | +€31,031 | +619.0% |
| Amounts payable within one year | 42/48 | €4,908 | €36,044 | +€31,136 | +634.3% |
| Trade debts | 44 | €60 | €0 | -€60 | -100.0% |
| Suppliers | 440/4 | €60 | €0 | -€60 | -100.0% |
| Taxes, remuneration and social security | 45 | €4,035 | €2,617 | -€1,418 | -35.1% |
| Taxes | 450/3 | €2,083 | €2,617 | +€534 | +25.6% |
| Remuneration and social security | 454/9 | €1,952 | - | -€1,952 | |
| Other amounts payable | 47/48 | €813 | €33,427 | +€32,614 | +4010.3% |
| Accrued charges and deferred income | 492/3 | €105 | - | -€105 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,337 | €2,377 | +€40 | +1.7% |
| Other operating charges | 640/8 | €520 | €570 | +€50 | +9.6% |
| Gross operating margin | 9900 | €14,283 | €25,260 | +€10,977 | +76.9% |
| Operating profit (loss) | 9901 | €11,425 | €22,312 | +€10,887 | +95.3% |
| Financial income | 75/76B | €176 | €22 | -€154 | -87.5% |
| Recurring financial income | 75 | €176 | €22 | -€154 | -87.5% |
| Financial charges | 65/66B | €3,079 | €4,044 | +€965 | +31.3% |
| Recurring financial charges | 65 | €3,079 | €4,044 | +€965 | +31.3% |
| Profit (loss) for the period before taxes | 9903 | €8,523 | €18,291 | +€9,768 | +114.6% |
| Income taxes | 67/77 | €3,140 | €4,800 | +€1,660 | +52.9% |
| Profit (loss) for the period | 9904 | €5,383 | €13,491 | +€8,108 | +150.6% |
| Profit (loss) for the period to be appropriated | 9905 | €5,383 | €13,491 | +€8,108 | +150.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.