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.
VILACO
Largest movements
- Tangible fixed assets -€22,777
down €22,777 (-8.7%), from €262,410 to €239,633
- Receivables within one year +€5,265
up €5,265 (+26.3%), from €20,000 to €25,265
of which Trade receivables: +€5,265
- Cash +€4,278
up €4,278 (+127.5%), from €3,356 to €7,634
mainly Depreciation (+€22,777) and Net result for the year (+€7,342)
- Short-term financial debts -€20,000
down €20,000 (-28.6%), from €70,000 to €50,000
- Reserves +€7,342
up €7,342 (+8.2%), from €89,367 to €96,709
of which Distributable reserves: +€7,342
- Gross operating margin -€3,776
down €3,776 (-8.4%), from €45,171 to €41,395
- Taxes -€846
down €846 (-17.9%), from €4,736 to €3,890
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 | €285,766 | €272,532 | -€13,233 | -4.6% |
| Fixed assets | 21/28 | €262,410 | €239,633 | -€22,777 | -8.7% |
| Tangible fixed assets | 22/27 | €262,410 | €239,633 | -€22,777 | -8.7% |
| Land and buildings | 22 | €262,410 | €239,633 | -€22,777 | -8.7% |
| Current assets | 29/58 | €23,356 | €32,900 | +€9,544 | +40.9% |
| Amounts receivable within one year | 40/41 | €20,000 | €25,265 | +€5,265 | +26.3% |
| Trade receivables | 40 | - | €5,265 | +€5,265 | |
| Other amounts receivable | 41 | €20,000 | €20,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,356 | €7,634 | +€4,278 | +127.5% |
| Total equity and liabilities | 10/49 | €285,766 | €272,532 | -€13,233 | -4.6% |
| Equity | 10/15 | €166,667 | €174,009 | +€7,342 | +4.4% |
| Contributions | 10/11 | €77,300 | €77,300 | = | 0.0% |
| Capital | 10 | €77,300 | €77,300 | = | 0.0% |
| Issued capital | 100 | €77,300 | €77,300 | = | 0.0% |
| Reserves | 13 | €89,367 | €96,709 | +€7,342 | +8.2% |
| Non-distributable reserves | 130/1 | €3,195 | €3,195 | = | 0.0% |
| Legal reserve | 130 | €3,195 | €3,195 | = | 0.0% |
| Distributable reserves | 133 | €86,171 | €93,514 | +€7,342 | +8.5% |
| Amounts payable | 17/49 | €119,099 | €98,524 | -€20,575 | -17.3% |
| Amounts payable after more than one year | 17 | €4,640 | €4,640 | = | 0.0% |
| Other amounts payable | 178/9 | €4,640 | €4,640 | = | 0.0% |
| Amounts payable within one year | 42/48 | €114,459 | €93,884 | -€20,575 | -18.0% |
| Financial debts | 43 | €70,000 | €50,000 | -€20,000 | -28.6% |
| Other loans | 439 | €70,000 | €50,000 | -€20,000 | -28.6% |
| Taxes, remuneration and social security | 45 | €4,978 | €3,602 | -€1,375 | -27.6% |
| Taxes | 450/3 | €4,978 | €3,602 | -€1,375 | -27.6% |
| Other amounts payable | 47/48 | €39,482 | €40,282 | +€800 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,777 | €22,777 | = | 0.0% |
| Other operating charges | 640/8 | €7,134 | €7,356 | +€222 | +3.1% |
| Gross operating margin | 9900 | €45,171 | €41,395 | -€3,776 | -8.4% |
| Operating profit (loss) | 9901 | €15,259 | €11,262 | -€3,997 | -26.2% |
| Financial charges | 65/66B | €29 | €30 | +€2 | +5.3% |
| Recurring financial charges | 65 | €29 | €30 | +€2 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | €15,231 | €11,232 | -€3,999 | -26.3% |
| Income taxes | 67/77 | €4,736 | €3,890 | -€846 | -17.9% |
| Profit (loss) for the period | 9904 | €10,495 | €7,342 | -€3,153 | -30.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,495 | €7,342 | -€3,153 | -30.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 September 2026 via checked.be.