VULACON: what changed
VULACON
Largest movements
- Cash +€41,117
up €41,117 (+193%), from €21,296 to €62,413
mainly Current investments (+€30,000) and Receivables within one year (+€11,600)
- Current investments -€30,000
down €30,000 (-100%), from €30,000 to €0
- Receivables within one year -€11,600
down €11,600 (-50.4%), from €23,037 to €11,436
of which Trade receivables: -€10,890
- Tangible fixed assets +€1,593
up €1,593 (+26.1%), from €6,110 to €7,703
- Reserves +€6,774
up €6,774 (+10.9%), from €61,898 to €68,671
of which Distributable reserves: +€7,615
- Other debts -€2,080
down €2,080 (-100%), from €2,080 to €0
- Tax, wage and social debts -€1,839
down €1,839 (-18.1%), from €10,183 to €8,344
- Accrued charges and deferred income -€1,227
down €1,227 (-63.2%), from €1,940 to €713
- Gross operating margin -€9,558
down €9,558 (-37.6%), from €25,439 to €15,882
- Taxes -€2,860
down €2,860 (-33.8%), from €8,451 to €5,592
- Depreciation +€1,072
up €1,072 (+154%), from €694 to €1,766
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €82,280 | €83,823 | +€1,543 | +1.9% |
| Fixed assets | 21/28 | €6,110 | €7,703 | +€1,593 | +26.1% |
| Tangible fixed assets | 22/27 | €6,110 | €7,703 | +€1,593 | +26.1% |
| Furniture and vehicles | 24 | €6,110 | €7,703 | +€1,593 | +26.1% |
| Current assets | 29/58 | €76,170 | €76,120 | -€50 | -0.1% |
| Amounts receivable within one year | 40/41 | €23,037 | €11,436 | -€11,600 | -50.4% |
| Trade receivables | 40 | €21,780 | €10,890 | -€10,890 | -50.0% |
| Other amounts receivable | 41 | €1,257 | €546 | -€710 | -56.5% |
| Current investments | 50/53 | €30,000 | €0 | -€30,000 | -100% |
| Cash at bank and in hand | 54/58 | €21,296 | €62,413 | +€41,117 | +193% |
| Deferred charges and accrued income | 490/1 | €1,838 | €2,271 | +€433 | +23.6% |
| Total equity and liabilities | 10/49 | €82,280 | €83,823 | +€1,543 | +1.9% |
| Equity | 10/15 | €66,826 | €73,600 | +€6,774 | +10.1% |
| Contributions | 10/11 | €8,500 | €8,500 | = | 0.0% |
| Reserves | 13 | €61,898 | €68,671 | +€6,774 | +10.9% |
| Non-distributable reserves | 130/1 | €842 | €0 | -€842 | -100% |
| Reserves not available under the articles | 1311 | €842 | €0 | -€842 | -100% |
| Distributable reserves | 133 | €61,056 | €68,671 | +€7,615 | +12.5% |
| Profit (loss) carried forward | 14 | -€3,572 | -€3,572 | = | 0.0% |
| Amounts payable | 17/49 | €15,454 | €10,223 | -€5,230 | -33.8% |
| Amounts payable within one year | 42/48 | €13,514 | €9,510 | -€4,004 | -29.6% |
| Trade debts | 44 | €1,251 | €1,166 | -€85 | -6.8% |
| Suppliers | 440/4 | €1,251 | €1,166 | -€85 | -6.8% |
| Taxes, remuneration and social security | 45 | €10,183 | €8,344 | -€1,839 | -18.1% |
| Taxes | 450/3 | €10,183 | €8,344 | -€1,839 | -18.1% |
| Other amounts payable | 47/48 | €2,080 | €0 | -€2,080 | -100% |
| Accrued charges and deferred income | 492/3 | €1,940 | €713 | -€1,227 | -63.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €694 | €1,766 | +€1,072 | +154% |
| Other operating charges | 640/8 | €1,215 | €1,036 | -€180 | -14.8% |
| Gross operating margin | 9900 | €25,439 | €15,882 | -€9,558 | -37.6% |
| Operating profit (loss) | 9901 | €23,530 | €13,080 | -€10,450 | -44.4% |
| Financial income | 75/76B | €584 | €460 | -€124 | -21.2% |
| Recurring financial income | 75 | €584 | €460 | -€124 | -21.2% |
| Financial charges | 65/66B | €1,331 | €1,175 | -€156 | -11.7% |
| Recurring financial charges | 65 | €1,331 | €1,175 | -€156 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | €22,783 | €12,366 | -€10,417 | -45.7% |
| Income taxes | 67/77 | €8,451 | €5,592 | -€2,860 | -33.8% |
| Profit (loss) for the period | 9904 | €14,331 | €6,774 | -€7,558 | -52.7% |
| Profit (loss) for the period to be appropriated | 9905 | €14,331 | €6,774 | -€7,558 | -52.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.