PARCOURS VBTM: 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.
PARCOURS VBTM
Largest movements
- Receivables within one year +€10,703
up €10,703 (+25.0%), from €42,728 to €53,430
of which Trade receivables: +€11,490
- Tangible fixed assets -€7,042
down €7,042 (-3.4%), from €205,295 to €198,253
of which Land and buildings: -€6,865
- Trade debts +€9,761
up €9,761 (+122.5%), from €7,970 to €17,731
- Profit (loss) carried forward -€6,153
down €6,153 (-92.8%), from -€6,632 to -€12,786
- Gross operating margin +€3,924
up €3,924, from -€2,455 to €1,469
- Other operating charges +€170
up €170 (+14.5%), from €1,175 to €1,345
- Depreciation -€80
down €80 (-1.1%), from €7,122 to €7,042
- Financial income -€64
down €64 (-7.2%), from €887 to €822
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 | €311,372 | €315,885 | +€4,513 | +1.4% |
| Fixed assets | 21/28 | €231,128 | €224,086 | -€7,042 | -3.0% |
| Tangible fixed assets | 22/27 | €205,295 | €198,253 | -€7,042 | -3.4% |
| Land and buildings | 22 | €205,118 | €198,253 | -€6,865 | -3.3% |
| Furniture and vehicles | 24 | €177 | - | -€177 | |
| Financial fixed assets | 28 | €25,833 | €25,833 | = | 0.0% |
| Current assets | 29/58 | €80,244 | €91,799 | +€11,555 | +14.4% |
| Amounts receivable within one year | 40/41 | €42,728 | €53,430 | +€10,703 | +25.0% |
| Trade receivables | 40 | - | €11,490 | +€11,490 | |
| Other amounts receivable | 41 | €42,728 | €41,940 | -€788 | -1.8% |
| Cash at bank and in hand | 54/58 | €36,584 | €37,391 | +€807 | +2.2% |
| Deferred charges and accrued income | 490/1 | €932 | €977 | +€46 | +4.9% |
| Total equity and liabilities | 10/49 | €311,372 | €315,885 | +€4,513 | +1.4% |
| Equity | 10/15 | €201,368 | €195,214 | -€6,153 | -3.1% |
| Contributions | 10/11 | €208,000 | €208,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,632 | -€12,786 | -€6,153 | -92.8% |
| Amounts payable | 17/49 | €110,004 | €120,670 | +€10,666 | +9.7% |
| Amounts payable within one year | 42/48 | €109,880 | €119,972 | +€10,092 | +9.2% |
| Trade debts | 44 | €7,970 | €17,731 | +€9,761 | +122.5% |
| Suppliers | 440/4 | €7,970 | €17,731 | +€9,761 | +122.5% |
| Taxes, remuneration and social security | 45 | - | €247 | +€247 | |
| Taxes | 450/3 | - | €247 | +€247 | |
| Other amounts payable | 47/48 | €101,910 | €101,994 | +€84 | +0.1% |
| Accrued charges and deferred income | 492/3 | €124 | €698 | +€574 | +462.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,122 | €7,042 | -€80 | -1.1% |
| Other operating charges | 640/8 | €1,175 | €1,345 | +€170 | +14.5% |
| Gross operating margin | 9900 | -€2,455 | €1,469 | +€3,924 | |
| Operating profit (loss) | 9901 | -€10,752 | -€6,918 | +€3,834 | +35.7% |
| Financial income | 75/76B | €887 | €822 | -€64 | -7.2% |
| Recurring financial income | 75 | €887 | €822 | -€64 | -7.2% |
| Financial charges | 65/66B | €53 | €58 | +€5 | +9.8% |
| Recurring financial charges | 65 | €53 | €58 | +€5 | +9.8% |
| Profit (loss) for the period before taxes | 9903 | -€9,918 | -€6,153 | +€3,765 | +38.0% |
| Income taxes | 67/77 | €0 | - | -€0 | |
| Profit (loss) for the period | 9904 | -€9,918 | -€6,153 | +€3,765 | +38.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,918 | -€6,153 | +€3,765 | +38.0% |
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 12 October 2026 via checked.be.