VILLA: 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.
VILLA
Largest movements
- Receivables within one year -€61,276
down €61,276 (-71.6%), from €85,541 to €24,264
of which Other amounts receivable: -€37,659
- Current investments -€39,500
down €39,500 (-51.3%), from €77,000 to €37,500
- Intangible fixed assets +€36,512
new in 2026: €36,512
- Tangible fixed assets -€15,073
down €15,073 (-13.3%), from €113,671 to €98,598
of which Land and buildings: -€11,993
- Stocks and contracts +€15,000
new in 2026: €15,000
- Debts after one year -€18,598
down €18,598 (-56.4%), from €33,003 to €14,405
- Short-term financial debts -€17,501
down €17,501 (-98.8%), from €17,711 to €210
of which Other loans: -€17,711
- Profit (loss) carried forward -€15,961
down €15,961 (-93.2%), from -€17,120 to -€33,081
- Tax, wage and social debts +€3,332
up €3,332 (+61.5%), from €5,418 to €8,749
- Financial charges -€1,162
down €1,162 (-34.7%), from €3,346 to €2,184
- Gross operating margin -€816
down €816 (-24.6%), from €3,316 to €2,500
- Depreciation -€694
down €694 (-4.4%), from €15,767 to €15,073
- Financial income +€113
up €113 (+926%), from €12 to €125
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €293,612 | €243,011 | -€50,600 | -17.2% |
| Fixed assets | 21/28 | €113,671 | €135,110 | +€21,439 | +18.9% |
| Intangible fixed assets | 21 | - | €36,512 | +€36,512 | |
| Tangible fixed assets | 22/27 | €113,671 | €98,598 | -€15,073 | -13.3% |
| Land and buildings | 22 | €106,669 | €94,676 | -€11,993 | -11.2% |
| Plant, machinery and equipment | 23 | €2,773 | €536 | -€2,238 | -80.7% |
| Furniture and vehicles | 24 | €1,728 | €886 | -€843 | -48.8% |
| Other tangible fixed assets | 26 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €179,941 | €107,901 | -€72,040 | -40.0% |
| Stocks and contracts in progress | 3 | - | €15,000 | +€15,000 | |
| Contracts in progress | 37 | - | €15,000 | +€15,000 | |
| Amounts receivable within one year | 40/41 | €85,541 | €24,264 | -€61,276 | -71.6% |
| Trade receivables | 40 | €40,702 | €17,085 | -€23,617 | -58.0% |
| Other amounts receivable | 41 | €44,838 | €7,179 | -€37,659 | -84.0% |
| Current investments | 50/53 | €77,000 | €37,500 | -€39,500 | -51.3% |
| Cash at bank and in hand | 54/58 | €14,205 | €28,571 | +€14,366 | +101% |
| Deferred charges and accrued income | 490/1 | €3,195 | €2,566 | -€629 | -19.7% |
| Total equity and liabilities | 10/49 | €293,612 | €243,011 | -€50,600 | -17.2% |
| Equity | 10/15 | €200,099 | €184,139 | -€15,961 | -8.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €211,020 | €211,020 | = | 0.0% |
| Distributable reserves | 133 | €211,020 | €211,020 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,120 | -€33,081 | -€15,961 | -93.2% |
| Amounts payable | 17/49 | €93,512 | €58,873 | -€34,640 | -37.0% |
| Amounts payable after more than one year | 17 | €33,003 | €14,405 | -€18,598 | -56.4% |
| Financial debts | 170/4 | €33,003 | €14,405 | -€18,598 | -56.4% |
| Amounts payable within one year | 42/48 | €58,409 | €44,468 | -€13,942 | -23.9% |
| Current portion of amounts payable after more than one year | 42 | €17,925 | €18,598 | +€673 | +3.8% |
| Financial debts | 43 | €17,711 | €210 | -€17,501 | -98.8% |
| Credit institutions | 430/8 | - | €210 | +€210 | |
| Other loans | 439 | €17,711 | - | -€17,711 | |
| Trade debts | 44 | €14,968 | €16,910 | +€1,943 | +13.0% |
| Suppliers | 440/4 | €14,968 | €16,910 | +€1,943 | +13.0% |
| Taxes, remuneration and social security | 45 | €5,418 | €8,749 | +€3,332 | +61.5% |
| Taxes | 450/3 | €5,418 | €8,749 | +€3,332 | +61.5% |
| Other amounts payable | 47/48 | €2,389 | - | -€2,389 | |
| Accrued charges and deferred income | 492/3 | €2,100 | - | -€2,100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,767 | €15,073 | -€694 | -4.4% |
| Other operating charges | 640/8 | €1,174 | €1,156 | -€18 | -1.5% |
| Gross operating margin | 9900 | €3,316 | €2,500 | -€816 | -24.6% |
| Operating profit (loss) | 9901 | -€13,625 | -€13,729 | -€104 | -0.8% |
| Financial income | 75/76B | €12 | €125 | +€113 | +926% |
| Recurring financial income | 75 | €12 | €125 | +€113 | +926% |
| Financial charges | 65/66B | €3,346 | €2,184 | -€1,162 | -34.7% |
| Recurring financial charges | 65 | €3,346 | €2,184 | -€1,162 | -34.7% |
| Profit (loss) for the period before taxes | 9903 | -€16,959 | -€15,788 | +€1,171 | +6.9% |
| Income taxes | 67/77 | €162 | €173 | +€11 | +7.0% |
| Profit (loss) for the period | 9904 | -€17,120 | -€15,961 | +€1,160 | +6.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,120 | -€15,961 | +€1,160 | +6.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.