DOUBLE V-V: 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.
DOUBLE V-V
Largest movements
- Deferred charges and accrued income -€1,268
down €1,268 (-85.9%), from €1,476 to €208
- Receivables within one year -€1,133
down €1,133 (-11.5%), from €9,829 to €8,696
of which Other amounts receivable: -€2,583
- Cash +€817
up €817 (+5.1%), from €15,891 to €16,708
mainly Net result for the year (+€6,544) and Trade debts (+€3,258)
- Tangible fixed assets -€744
down €744 (-19.2%), from €3,878 to €3,134
- Reserves -€4,263
down €4,263 (-14.4%), from €29,578 to €25,315
- Trade debts +€3,258
up €3,258 (+50.5%), from €6,450 to €9,708
- Tax, wage and social debts -€1,682
down €1,682 (-52.5%), from €3,206 to €1,524
- Gross operating margin +€1,794
up €1,794 (+13.4%), from €13,384 to €15,178
- Taxes +€831
up €831 (+32.9%), from €2,523 to €3,354
- Depreciation +€199
up €199 (+13.3%), from €1,501 to €1,700
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 | €39,234 | €36,547 | -€2,687 | -6.8% |
| Fixed assets | 21/28 | €8,810 | €8,066 | -€744 | -8.4% |
| Tangible fixed assets | 22/27 | €3,878 | €3,134 | -€744 | -19.2% |
| Plant, machinery and equipment | 23 | €1,193 | €1,105 | -€88 | -7.4% |
| Furniture and vehicles | 24 | €885 | €514 | -€371 | -41.9% |
| Other tangible fixed assets | 26 | €1,800 | €1,515 | -€285 | -15.8% |
| Financial fixed assets | 28 | €4,932 | €4,932 | = | 0.0% |
| Current assets | 29/58 | €30,424 | €28,481 | -€1,943 | -6.4% |
| Stocks and contracts in progress | 3 | €3,228 | €2,869 | -€359 | -11.1% |
| Stocks | 30/36 | €3,228 | €2,869 | -€359 | -11.1% |
| Amounts receivable within one year | 40/41 | €9,829 | €8,696 | -€1,133 | -11.5% |
| Trade receivables | 40 | €6,333 | €7,783 | +€1,450 | +22.9% |
| Other amounts receivable | 41 | €3,496 | €913 | -€2,583 | -73.9% |
| Cash at bank and in hand | 54/58 | €15,891 | €16,708 | +€817 | +5.1% |
| Deferred charges and accrued income | 490/1 | €1,476 | €208 | -€1,268 | -85.9% |
| Total equity and liabilities | 10/49 | €39,234 | €36,547 | -€2,687 | -6.8% |
| Equity | 10/15 | €29,578 | €25,315 | -€4,263 | -14.4% |
| Reserves | 13 | €29,578 | €25,315 | -€4,263 | -14.4% |
| Distributable reserves | 133 | €29,578 | €25,315 | -€4,263 | -14.4% |
| Amounts payable | 17/49 | €9,656 | €11,232 | +€1,576 | +16.3% |
| Amounts payable within one year | 42/48 | €9,656 | €11,232 | +€1,576 | +16.3% |
| Trade debts | 44 | €6,450 | €9,708 | +€3,258 | +50.5% |
| Suppliers | 440/4 | €6,450 | €9,708 | +€3,258 | +50.5% |
| Taxes, remuneration and social security | 45 | €3,206 | €1,524 | -€1,682 | -52.5% |
| Taxes | 450/3 | €3,206 | €1,524 | -€1,682 | -52.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,501 | €1,700 | +€199 | +13.3% |
| Other operating charges | 640/8 | €1,653 | €1,727 | +€74 | +4.5% |
| Gross operating margin | 9900 | €13,384 | €15,178 | +€1,794 | +13.4% |
| Operating profit (loss) | 9901 | €10,230 | €11,751 | +€1,521 | +14.9% |
| Financial income | 75/76B | €28 | €19 | -€9 | -32.1% |
| Recurring financial income | 75 | €28 | €19 | -€9 | -32.1% |
| Financial charges | 65/66B | €1,767 | €1,872 | +€105 | +5.9% |
| Recurring financial charges | 65 | €1,767 | €1,872 | +€105 | +5.9% |
| Profit (loss) for the period before taxes | 9903 | €8,491 | €9,898 | +€1,407 | +16.6% |
| Income taxes | 67/77 | €2,523 | €3,354 | +€831 | +32.9% |
| Profit (loss) for the period | 9904 | €5,968 | €6,544 | +€576 | +9.7% |
| Profit (loss) for the period to be appropriated | 9905 | €5,968 | €6,544 | +€576 | +9.7% |
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 19 October 2026 via checked.be.