VLS line: 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.
VLS line
Largest movements
- Tangible fixed assets -€2,127
down €2,127 (-7.6%), from €28,120 to €25,993
- Receivables within one year -€1,434
down €1,434 (-74.6%), from €1,923 to €489
of which Other amounts receivable: -€1,796
- Profit (loss) carried forward -€5,766
down €5,766 (-8.8%), from -€65,510 to -€71,276
- Other debts +€4,347
up €4,347 (+6.4%), from €67,785 to €72,132
- Debts after one year -€2,678
down €2,678 (-7.9%), from €33,946 to €31,267
- Trade debts +€695
up €695 (+132%), from €528 to €1,223
- Taxes -€89
down €89 (-100%), from €89 to €0
- Gross operating margin +€85
up €85 (+3.8%), from -€2,203 to -€2,119
- Financial charges -€53
down €53 (-4.5%), from €1,163 to €1,110
- Financial income -€51
down €51 (-17.4%), from €295 to €244
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 | €59,540 | €56,305 | -€3,235 | -5.4% |
| Fixed assets | 21/28 | €29,748 | €27,621 | -€2,127 | -7.1% |
| Tangible fixed assets | 22/27 | €28,120 | €25,993 | -€2,127 | -7.6% |
| Land and buildings | 22 | €28,120 | €25,993 | -€2,127 | -7.6% |
| Financial fixed assets | 28 | €1,628 | €1,628 | = | 0.0% |
| Current assets | 29/58 | €29,792 | €28,684 | -€1,108 | -3.7% |
| Amounts receivable within one year | 40/41 | €1,923 | €489 | -€1,434 | -74.6% |
| Trade receivables | 40 | - | €362 | +€362 | |
| Other amounts receivable | 41 | €1,923 | €127 | -€1,796 | -93.4% |
| Cash at bank and in hand | 54/58 | €27,869 | €28,195 | +€326 | +1.2% |
| Total equity and liabilities | 10/49 | €59,540 | €56,305 | -€3,235 | -5.4% |
| Equity | 10/15 | -€45,324 | -€51,090 | -€5,766 | -12.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,586 | €1,586 | = | 0.0% |
| Distributable reserves | 133 | €1,586 | €1,586 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€65,510 | -€71,276 | -€5,766 | -8.8% |
| Amounts payable | 17/49 | €104,864 | €107,395 | +€2,531 | +2.4% |
| Amounts payable after more than one year | 17 | €33,946 | €31,267 | -€2,678 | -7.9% |
| Financial debts | 170/4 | €33,946 | €31,267 | -€2,678 | -7.9% |
| Amounts payable within one year | 42/48 | €70,918 | €76,033 | +€5,115 | +7.2% |
| Current portion of amounts payable after more than one year | 42 | €2,606 | €2,678 | +€73 | +2.8% |
| Trade debts | 44 | €528 | €1,223 | +€695 | +132% |
| Suppliers | 440/4 | €528 | €1,223 | +€695 | +132% |
| Other amounts payable | 47/48 | €67,785 | €72,132 | +€4,347 | +6.4% |
| Accrued charges and deferred income | 492/3 | - | €94 | +€94 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,127 | €2,127 | = | 0.0% |
| Other operating charges | 640/8 | €634 | €654 | +€20 | +3.2% |
| Gross operating margin | 9900 | -€2,203 | -€2,119 | +€85 | +3.8% |
| Operating profit (loss) | 9901 | -€4,964 | -€4,899 | +€65 | +1.3% |
| Financial income | 75/76B | €295 | €244 | -€51 | -17.4% |
| Recurring financial income | 75 | €295 | €244 | -€51 | -17.4% |
| Financial charges | 65/66B | €1,163 | €1,110 | -€53 | -4.5% |
| Recurring financial charges | 65 | €1,163 | €1,110 | -€53 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | -€5,832 | -€5,766 | +€66 | +1.1% |
| Income taxes | 67/77 | €89 | €0 | -€89 | -100% |
| Profit (loss) for the period | 9904 | -€5,920 | -€5,766 | +€155 | +2.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,920 | -€5,766 | +€155 | +2.6% |
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 18 October 2026 via checked.be.