THE VIPS: 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.
THE VIPS
Largest movements
- Receivables within one year +€161,663
up €161,663 (+353%), from €45,830 to €207,493
of which Other amounts receivable: +€131,663
- Cash -€38,565
down €38,565 (-96.1%), from €40,129 to €1,564
mainly Receivables within one year (-€161,663)
- Reserves +€55,505
up €55,505 (+102%), from €54,436 to €109,941
- Other debts +€36,719
up €36,719 (+222%), from €16,508 to €53,227
- Tax, wage and social debts +€27,556
up €27,556 (+178,242%), from €15 to €27,572
- Gross operating margin +€84,615
up €84,615, from -€11,713 to €72,902
- Taxes +€15,607
new in 2025: €15,607
- Other operating charges +€1,174
up €1,174 (+3,572%), from €33 to €1,207
- Financial income +€891
up €891 (+240%), from €372 to €1,263
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 | €91,471 | €213,097 | +€121,626 | +133% |
| Fixed assets | 21/28 | €5,511 | €4,039 | -€1,472 | -26.7% |
| Tangible fixed assets | 22/27 | €5,511 | €4,039 | -€1,472 | -26.7% |
| Plant, machinery and equipment | 23 | €495 | €282 | -€213 | -43.0% |
| Furniture and vehicles | 24 | €725 | €362 | -€362 | -50.0% |
| Other tangible fixed assets | 26 | €4,292 | €3,395 | -€897 | -20.9% |
| Current assets | 29/58 | €85,959 | €209,057 | +€123,098 | +143% |
| Amounts receivable within one year | 40/41 | €45,830 | €207,493 | +€161,663 | +353% |
| Trade receivables | 40 | - | €30,000 | +€30,000 | |
| Other amounts receivable | 41 | €45,830 | €177,493 | +€131,663 | +287% |
| Cash at bank and in hand | 54/58 | €40,129 | €1,564 | -€38,565 | -96.1% |
| Total equity and liabilities | 10/49 | €91,471 | €213,097 | +€121,626 | +133% |
| Equity | 10/15 | €73,036 | €128,541 | +€55,505 | +76.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €54,436 | €109,941 | +€55,505 | +102% |
| Distributable reserves | 133 | €54,436 | €109,941 | +€55,505 | +102% |
| Amounts payable | 17/49 | €18,435 | €84,556 | +€66,121 | +359% |
| Amounts payable within one year | 42/48 | €18,435 | €84,556 | +€66,121 | +359% |
| Trade debts | 44 | €1,912 | €3,757 | +€1,846 | +96.5% |
| Suppliers | 440/4 | €1,912 | €3,757 | +€1,846 | +96.5% |
| Taxes, remuneration and social security | 45 | €15 | €27,572 | +€27,556 | +178,242% |
| Taxes | 450/3 | €15 | €27,572 | +€27,556 | +178,242% |
| Other amounts payable | 47/48 | €16,508 | €53,227 | +€36,719 | +222% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,519 | €1,472 | -€47 | -3.1% |
| Other operating charges | 640/8 | €33 | €1,207 | +€1,174 | +3,572% |
| Gross operating margin | 9900 | -€11,713 | €72,902 | +€84,615 | |
| Operating profit (loss) | 9901 | -€13,265 | €70,223 | +€83,488 | |
| Financial income | 75/76B | €372 | €1,263 | +€891 | +240% |
| Recurring financial income | 75 | €372 | €1,263 | +€891 | +240% |
| Financial charges | 65/66B | €43 | €374 | +€331 | +777% |
| Recurring financial charges | 65 | €43 | €374 | +€331 | +777% |
| Profit (loss) for the period before taxes | 9903 | -€12,936 | €71,112 | +€84,048 | |
| Income taxes | 67/77 | - | €15,607 | +€15,607 | |
| Profit (loss) for the period | 9904 | -€12,936 | €55,505 | +€68,441 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,936 | €55,505 | +€68,441 |
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 17 October 2026 via checked.be.