NEW VIP: 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.
NEW VIP
Largest movements
- Receivables within one year +€92,226
up €92,226 (+31.7%), from €291,005 to €383,231
of which Trade receivables: +€92,226
- Current investments +€52,500
up €52,500 (+47.9%), from €109,700 to €162,200
- Reserves +€101,247
up €101,247 (+8.1%), from €1.3m to €1.4m
of which Distributable reserves: +€101,247
- Other debts +€30,876
up €30,876 (+44.7%), from €69,124 to €100,000
- Financial income -€15,240
down €15,240 (-13.2%), from €115,240 to €100,000
of which Financial income: -€15,240
- Gross operating margin -€7,484
down €7,484 (-4.7%), from €158,011 to €150,528
- Financial charges +€3,220
up €3,220 (+46.6%), from €6,910 to €10,131
of which Financial charges: +€3,255
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 | €2,021,334 | €2,159,109 | +€137,775 | +6.8% |
| Fixed assets | 21/28 | €1,600,143 | €1,600,143 | = | 0.0% |
| Financial fixed assets | 28 | €1,600,143 | €1,600,143 | = | 0.0% |
| Current assets | 29/58 | €421,190 | €558,966 | +€137,775 | +32.7% |
| Amounts receivable within one year | 40/41 | €291,005 | €383,231 | +€92,226 | +31.7% |
| Trade receivables | 40 | €264,170 | €356,396 | +€92,226 | +34.9% |
| Other amounts receivable | 41 | €26,835 | €26,835 | = | 0.0% |
| Current investments | 50/53 | €109,700 | €162,200 | +€52,500 | +47.9% |
| Cash at bank and in hand | 54/58 | €17,835 | €12,938 | -€4,897 | -27.5% |
| Deferred charges and accrued income | 490/1 | €2,651 | €596 | -€2,054 | -77.5% |
| Total equity and liabilities | 10/49 | €2,021,334 | €2,159,109 | +€137,775 | +6.8% |
| Equity | 10/15 | €1,853,693 | €1,954,940 | +€101,247 | +5.5% |
| Contributions | 10/11 | €600,000 | €600,000 | = | 0.0% |
| Capital | 10 | €600,000 | €600,000 | = | 0.0% |
| Issued capital | 100 | €600,000 | €600,000 | = | 0.0% |
| Reserves | 13 | €1,253,693 | €1,354,940 | +€101,247 | +8.1% |
| Non-distributable reserves | 130/1 | €60,000 | €60,000 | = | 0.0% |
| Legal reserve | 130 | €60,000 | €60,000 | = | 0.0% |
| Distributable reserves | 133 | €1,193,693 | €1,294,940 | +€101,247 | +8.5% |
| Amounts payable | 17/49 | €167,641 | €204,169 | +€36,529 | +21.8% |
| Amounts payable within one year | 42/48 | €167,641 | €204,083 | +€36,443 | +21.7% |
| Trade debts | 44 | €9,412 | €7,854 | -€1,557 | -16.5% |
| Suppliers | 440/4 | €9,412 | €7,854 | -€1,557 | -16.5% |
| Taxes, remuneration and social security | 45 | €89,105 | €96,229 | +€7,124 | +8.0% |
| Taxes | 450/3 | €89,105 | €96,229 | +€7,124 | +8.0% |
| Other amounts payable | 47/48 | €69,124 | €100,000 | +€30,876 | +44.7% |
| Accrued charges and deferred income | 492/3 | - | €86 | +€86 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €122 | - | -€122 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €260 | €260 | = | 0.0% |
| Non-recurring operating charges | 66A | €11,485 | - | -€11,485 | |
| Gross operating margin | 9900 | €158,011 | €150,528 | -€7,484 | -4.7% |
| Operating profit (loss) | 9901 | €146,144 | €150,268 | +€4,123 | +2.8% |
| Financial income | 75/76B | €115,240 | €100,000 | -€15,240 | -13.2% |
| Recurring financial income | 75 | €115,240 | €100,000 | -€15,240 | -13.2% |
| Non-recurring financial income | 76B | - | €100,000 | +€100,000 | |
| Financial charges | 65/66B | €6,910 | €10,131 | +€3,220 | +46.6% |
| Recurring financial charges | 65 | €6,869 | €10,124 | +€3,255 | +47.4% |
| Non-recurring financial charges | 66B | €41 | €7 | -€34 | -84.0% |
| Profit (loss) for the period before taxes | 9903 | €254,474 | €240,137 | -€14,337 | -5.6% |
| Income taxes | 67/77 | €40,168 | €38,890 | -€1,278 | -3.2% |
| Profit (loss) for the period | 9904 | €214,306 | €201,247 | -€13,059 | -6.1% |
| Profit (loss) for the period to be appropriated | 9905 | €214,306 | €201,247 | -€13,059 | -6.1% |
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 25 October 2026 via checked.be.