VLUMA: 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.
VLUMA
Largest movements
- Receivables after one year -€72,000
down €72,000 (-72.0%), from €100,000 to €28,000
- Tangible fixed assets -€23,130
down €23,130 (-29.8%), from €77,690 to €54,560
of which Plant, machinery and equipment: -€31,381
- Cash +€12,230
up €12,230 (+20.4%), from €60,033 to €72,263
mainly Receivables after one year (+€72,000) and Depreciation (+€23,933)
- Stocks and contracts +€4,658
up €4,658 (+62.6%), from €7,442 to €12,101
- Other debts -€34,122
down €34,122 (-91.8%), from €37,162 to €3,040
- Profit (loss) carried forward -€33,143
down €33,143 (-100%), from €33,143 to €0
- Reserves -€7,259
down €7,259 (-5.0%), from €145,789 to €138,531
of which Distributable reserves: -€7,259
- Debts after one year -€4,369
down €4,369 (-79.8%), from €5,474 to €1,105
- Accrued charges and deferred income +€2,809
new in 2025: €2,809
- Gross operating margin -€13,096
down €13,096 (-17.6%), from €74,548 to €61,452
- Taxes -€3,991
down €3,991 (-55.7%), from €7,171 to €3,180
- Depreciation -€751
down €751 (-3.0%), from €24,685 to €23,933
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 | €249,690 | €171,711 | -€77,979 | -31.2% |
| Fixed assets | 21/28 | €77,825 | €54,695 | -€23,130 | -29.7% |
| Tangible fixed assets | 22/27 | €77,690 | €54,560 | -€23,130 | -29.8% |
| Plant, machinery and equipment | 23 | €38,006 | €6,626 | -€31,381 | -82.6% |
| Furniture and vehicles | 24 | €39,684 | €27,656 | -€12,028 | -30.3% |
| Other tangible fixed assets | 26 | - | €20,278 | +€20,278 | |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €171,865 | €117,016 | -€54,848 | -31.9% |
| Amounts receivable after more than one year | 29 | €100,000 | €28,000 | -€72,000 | -72.0% |
| Other amounts receivable | 291 | €100,000 | €28,000 | -€72,000 | -72.0% |
| Stocks and contracts in progress | 3 | €7,442 | €12,101 | +€4,658 | +62.6% |
| Stocks | 30/36 | €7,442 | €12,101 | +€4,658 | +62.6% |
| Amounts receivable within one year | 40/41 | €291 | €1,670 | +€1,380 | +475% |
| Trade receivables | 40 | €214 | €0 | -€214 | -100% |
| Other amounts receivable | 41 | €77 | €1,670 | +€1,593 | +2,071% |
| Cash at bank and in hand | 54/58 | €60,033 | €72,263 | +€12,230 | +20.4% |
| Deferred charges and accrued income | 490/1 | €4,099 | €2,983 | -€1,116 | -27.2% |
| Total equity and liabilities | 10/49 | €249,690 | €171,711 | -€77,979 | -31.2% |
| Equity | 10/15 | €197,524 | €157,123 | -€40,402 | -20.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €145,789 | €138,531 | -€7,259 | -5.0% |
| Tax-exempt reserves | 132 | €28,023 | €28,023 | = | 0.0% |
| Distributable reserves | 133 | €117,766 | €110,508 | -€7,259 | -6.2% |
| Profit (loss) carried forward | 14 | €33,143 | €0 | -€33,143 | -100% |
| Amounts payable | 17/49 | €52,166 | €14,589 | -€37,577 | -72.0% |
| Amounts payable after more than one year | 17 | €5,474 | €1,105 | -€4,369 | -79.8% |
| Financial debts | 170/4 | €5,474 | €1,105 | -€4,369 | -79.8% |
| Amounts payable within one year | 42/48 | €46,692 | €10,674 | -€36,017 | -77.1% |
| Current portion of amounts payable after more than one year | 42 | €4,287 | €4,369 | +€82 | +1.9% |
| Financial debts | 43 | - | €782 | +€782 | |
| Credit institutions | 430/8 | - | €782 | +€782 | |
| Trade debts | 44 | €1,848 | €1,729 | -€119 | -6.4% |
| Suppliers | 440/4 | €1,848 | €1,729 | -€119 | -6.4% |
| Taxes, remuneration and social security | 45 | €3,395 | €755 | -€2,640 | -77.8% |
| Taxes | 450/3 | €3,388 | €755 | -€2,633 | -77.7% |
| Remuneration and social security | 454/9 | €7 | €0 | -€7 | -100% |
| Other amounts payable | 47/48 | €37,162 | €3,040 | -€34,122 | -91.8% |
| Accrued charges and deferred income | 492/3 | - | €2,809 | +€2,809 | |
| Non-recurring operating income | 76A | €12,277 | €5,000 | -€7,277 | -59.3% |
| Remuneration, social security and pensions | 62 | €20,581 | €20,426 | -€155 | -0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,685 | €23,933 | -€751 | -3.0% |
| Other operating charges | 640/8 | €2,561 | €2,242 | -€319 | -12.5% |
| Gross operating margin | 9900 | €74,548 | €61,452 | -€13,096 | -17.6% |
| Operating profit (loss) | 9901 | €26,721 | €14,851 | -€11,870 | -44.4% |
| Financial income | 75/76B | €1,323 | €1,677 | +€355 | +26.8% |
| Recurring financial income | 75 | €1,323 | €1,677 | +€355 | +26.8% |
| Financial charges | 65/66B | €3,823 | €3,902 | +€80 | +2.1% |
| Recurring financial charges | 65 | €3,823 | €3,902 | +€80 | +2.1% |
| Profit (loss) for the period before taxes | 9903 | €24,221 | €12,626 | -€11,595 | -47.9% |
| Income taxes | 67/77 | €7,171 | €3,180 | -€3,991 | -55.7% |
| Profit (loss) for the period | 9904 | €17,050 | €9,446 | -€7,604 | -44.6% |
| Profit (loss) for the period to be appropriated | 9905 | €17,050 | €9,446 | -€7,604 | -44.6% |
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 17 October 2026 via checked.be.