SA VIPA NV: 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.
SA VIPA NV
Largest movements
- Cash +€7,036
up €7,036 (+3,699%), from €190 to €7,227
mainly Net result for the year (+€21,587) and Tax, wage and social debts (+€2,649)
- Receivables within one year +€2,784
up €2,784 (+3.6%), from €77,068 to €79,851
of which Other amounts receivable: +€20,145
- Deferred charges and accrued income +€902
new in 2025: €902
- Profit (loss) carried forward +€21,587
up €21,587 (+40.2%), from -€53,666 to -€32,079
- Short-term financial debts -€11,233
no longer reported in 2025 (was €11,233)
- Tax, wage and social debts +€2,649
new in 2025: €2,649
- Trade debts -€1,524
down €1,524 (-14.0%), from €10,905 to €9,381
- Gross operating margin +€38,713
up €38,713, from -€13,190 to €25,523
- Taxes +€2,649
new in 2025: €2,649
- Financial charges -€1,004
down €1,004 (-44.0%), from €2,281 to €1,277
- Depreciation +€319
new in 2025: €319
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 | €77,258 | €88,736 | +€11,478 | +14.9% |
| Fixed assets | 21/28 | - | €756 | +€756 | |
| Tangible fixed assets | 22/27 | - | €756 | +€756 | |
| Furniture and vehicles | 24 | - | €756 | +€756 | |
| Current assets | 29/58 | €77,258 | €87,980 | +€10,722 | +13.9% |
| Amounts receivable within one year | 40/41 | €77,068 | €79,851 | +€2,784 | +3.6% |
| Trade receivables | 40 | €17,361 | - | -€17,361 | |
| Other amounts receivable | 41 | €59,706 | €79,851 | +€20,145 | +33.7% |
| Cash at bank and in hand | 54/58 | €190 | €7,227 | +€7,036 | +3,699% |
| Deferred charges and accrued income | 490/1 | - | €902 | +€902 | |
| Total equity and liabilities | 10/49 | €77,258 | €88,736 | +€11,478 | +14.9% |
| Equity | 10/15 | €55,120 | €76,707 | +€21,587 | +39.2% |
| Contributions | 10/11 | €72,509 | €72,509 | = | 0.0% |
| Capital | 10 | €72,509 | €72,509 | = | 0.0% |
| Issued capital | 100 | €74,368 | €74,368 | = | 0.0% |
| Uncalled capital | 101 | €1,859 | €1,859 | = | 0.0% |
| Revaluation surpluses | 12 | €36,277 | €36,277 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,666 | -€32,079 | +€21,587 | +40.2% |
| Amounts payable | 17/49 | €22,138 | €12,029 | -€10,109 | -45.7% |
| Amounts payable within one year | 42/48 | €22,138 | €12,029 | -€10,109 | -45.7% |
| Financial debts | 43 | €11,233 | - | -€11,233 | |
| Credit institutions | 430/8 | €11,233 | - | -€11,233 | |
| Trade debts | 44 | €10,905 | €9,381 | -€1,524 | -14.0% |
| Suppliers | 440/4 | €10,905 | €9,381 | -€1,524 | -14.0% |
| Taxes, remuneration and social security | 45 | - | €2,649 | +€2,649 | |
| Taxes | 450/3 | - | €2,649 | +€2,649 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €319 | +€319 | |
| Gross operating margin | 9900 | -€13,190 | €25,523 | +€38,713 | |
| Operating profit (loss) | 9901 | -€13,190 | €25,204 | +€38,394 | |
| Financial income | 75/76B | €385 | €310 | -€75 | -19.5% |
| Recurring financial income | 75 | €385 | €310 | -€75 | -19.5% |
| Financial charges | 65/66B | €2,281 | €1,277 | -€1,004 | -44.0% |
| Recurring financial charges | 65 | €2,281 | €1,277 | -€1,004 | -44.0% |
| Profit (loss) for the period before taxes | 9903 | -€15,086 | €24,236 | +€39,323 | |
| Income taxes | 67/77 | - | €2,649 | +€2,649 | |
| Profit (loss) for the period | 9904 | -€15,086 | €21,587 | +€36,674 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,086 | €21,587 | +€36,674 |
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 22 October 2026 via checked.be.