VLV Finance: what changed
What changed
VLV Finance
NACE 66.199, Other activities auxiliary to financial services, excluding insurance and pension funding
filed annual accounts (NBB)
Net result for the year
€39,800
2023 · €83,652-€43,853
Equity
€110,072
2023 · €70,272+€39,800
Cash
€19,534
2023 · €25,312-€5,778
Balance sheet total
€2.3m
2023 · €2.3m-€58,535
Largest movements
Assets
- Tangible fixed assets -€53,610
down €53,610 (-2.3%), from €2.3m to €2.2m
of which Land and buildings: -€47,653
Equity and liabilities
- Debts after one year -€101,980
down €101,980 (-5.1%), from €2.0m to €1.9m
of which Financial debts: -€101,980
- Trade debts +€56,759
up €56,759 (+195%), from €29,034 to €85,793
- Profit (loss) carried forward +€39,800
up €39,800 (+79.9%), from €49,812 to €89,612
- Other debts -€30,606
down €30,606 (-43.5%), from €70,312 to €39,706
Income statement
- Gross operating margin -€96,960
down €96,960 (-28.4%), from €341,436 to €244,477
- Staff costs -€52,457
down €52,457 (-56.6%), from €92,612 to €40,155
- Taxes -€19,874
down €19,874 (-62.0%), from €32,030 to €12,156
- Other operating charges +€17,034
up €17,034 (+149%), from €11,422 to €28,456
- Depreciation +€4,456
up €4,456 (+5.7%), from €77,987 to €82,444
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
€83,652
Gross operating margin
-€96,960
Staff costs
+€52,457
Depreciation
-€4,456
Other operating charges
-€17,034
Financial income
-€741
Financial charges
+€3,007
Taxes
+€19,874
Result 2024
€39,800
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€129,088
Investment
-€28,834
Financing
-€106,032
Cash 2023
€25,312
From operations (derived)
+€129,088
Net result for the year
+€39,800
Depreciation
+€82,444
Receivables within one year
-€1,885
Deferred charges and accrued income
+€1,033
Trade debts
+€56,759
Tax, wage and social debts
-€17,588
Other debts
-€30,606
Accrued charges and deferred income
-€868
Investment (derived)
-€28,834
Investment in fixed assets (net)
-€28,834
Financing
-€106,032
Debts after one year
-€101,980
Current portion of long-term debt
-€853
Short-term financial debts
-€3,198
Cash 2024
€19,534
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,326,211 | €2,267,675 | -€58,535 | -2.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €2,286,213 | €2,232,603 | -€53,610 | -2.3% |
| Tangible fixed assets | 22/27 | €2,285,913 | €2,232,303 | -€53,610 | -2.3% |
| Land and buildings | 22 | €2,251,866 | €2,204,213 | -€47,653 | -2.1% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €34,047 | €28,090 | -€5,957 | -17.5% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €39,998 | €35,073 | -€4,926 | -12.3% |
| Amounts receivable within one year | 40/41 | €13,115 | €15,000 | +€1,885 | +14.4% |
| Trade receivables | 40 | €13,115 | €15,000 | +€1,885 | +14.4% |
| Cash at bank and in hand | 54/58 | €25,312 | €19,534 | -€5,778 | -22.8% |
| Deferred charges and accrued income | 490/1 | €1,571 | €538 | -€1,033 | -65.8% |
| Total equity and liabilities | 10/49 | €2,326,211 | €2,267,675 | -€58,535 | -2.5% |
| Equity | 10/15 | €70,272 | €110,072 | +€39,800 | +56.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,812 | €89,612 | +€39,800 | +79.9% |
| Amounts payable | 17/49 | €2,255,939 | €2,157,604 | -€98,335 | -4.4% |
| Amounts payable after more than one year | 17 | €2,003,974 | €1,901,994 | -€101,980 | -5.1% |
| Financial debts | 170/4 | €2,003,344 | €1,901,364 | -€101,980 | -5.1% |
| Other amounts payable | 178/9 | €630 | €630 | = | 0.0% |
| Amounts payable within one year | 42/48 | €251,097 | €255,610 | +€4,513 | +1.8% |
| Current portion of amounts payable after more than one year | 42 | €102,827 | €101,974 | -€853 | -0.8% |
| Financial debts | 43 | €3,198 | - | -€3,198 | |
| Other loans | 439 | €3,198 | - | -€3,198 | |
| Trade debts | 44 | €29,034 | €85,793 | +€56,759 | +195% |
| Suppliers | 440/4 | €29,034 | €85,793 | +€56,759 | +195% |
| Taxes, remuneration and social security | 45 | €45,725 | €28,137 | -€17,588 | -38.5% |
| Taxes | 450/3 | €22,030 | €13,725 | -€8,305 | -37.7% |
| Remuneration and social security | 454/9 | €23,694 | €14,412 | -€9,283 | -39.2% |
| Other amounts payable | 47/48 | €70,312 | €39,706 | -€30,606 | -43.5% |
| Accrued charges and deferred income | 492/3 | €868 | - | -€868 | |
| Remuneration, social security and pensions | 62 | €92,612 | €40,155 | -€52,457 | -56.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,987 | €82,444 | +€4,456 | +5.7% |
| Other operating charges | 640/8 | €11,422 | €28,456 | +€17,034 | +149% |
| Gross operating margin | 9900 | €341,436 | €244,477 | -€96,960 | -28.4% |
| Operating profit (loss) | 9901 | €159,415 | €93,422 | -€65,993 | -41.4% |
| Financial income | 75/76B | €779 | €39 | -€741 | -95.0% |
| Recurring financial income | 75 | €779 | €39 | -€741 | -95.0% |
| Financial charges | 65/66B | €44,512 | €41,504 | -€3,007 | -6.8% |
| Recurring financial charges | 65 | €44,512 | €41,504 | -€3,007 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €115,683 | €51,956 | -€63,726 | -55.1% |
| Income taxes | 67/77 | €32,030 | €12,156 | -€19,874 | -62.0% |
| Profit (loss) for the period | 9904 | €83,652 | €39,800 | -€43,853 | -52.4% |
| Profit (loss) for the period to be appropriated | 9905 | €83,652 | €39,800 | -€43,853 | -52.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 30 September 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.