V & A: 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.
V & A
Largest movements
No asset line moved by more than 1% of the balance sheet total.
No liability line moved by more than 1% of the balance sheet total.
- Other operating charges +€154
up €154 (+7.2%), from €2,133 to €2,287
- Gross operating margin +€148
up €148 (+6.7%), from €2,193 to €2,340
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 | €181,452 | €181,366 | -€86 | 0.0% |
| Fixed assets | 21/28 | €181,116 | €181,021 | -€95 | -0.1% |
| Tangible fixed assets | 22/27 | €181,116 | €181,021 | -€95 | -0.1% |
| Land and buildings | 22 | €170,783 | €170,689 | -€95 | -0.1% |
| Plant, machinery and equipment | 23 | €10,332 | €10,332 | = | 0.0% |
| Current assets | 29/58 | €337 | €345 | +€9 | +2.6% |
| Current investments | 50/53 | €22 | €22 | +€0 | +0.7% |
| Cash at bank and in hand | 54/58 | €314 | €323 | +€9 | +2.7% |
| Total equity and liabilities | 10/49 | €181,452 | €181,366 | -€86 | 0.0% |
| Equity | 10/15 | €156,553 | €156,467 | -€86 | -0.1% |
| Contributions | 10/11 | €189,120 | €189,120 | = | 0.0% |
| Reserves | 13 | €233,505 | €233,505 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €231,646 | €231,646 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€266,072 | -€266,158 | -€86 | 0.0% |
| Amounts payable | 17/49 | €24,899 | €24,899 | = | 0.0% |
| Amounts payable within one year | 42/48 | €24,899 | €24,899 | = | 0.0% |
| Trade debts | 44 | €810 | €811 | +€0 | 0.0% |
| Suppliers | 440/4 | €810 | €811 | +€0 | 0.0% |
| Other amounts payable | 47/48 | €24,089 | €24,089 | -€0 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95 | €95 | = | 0.0% |
| Other operating charges | 640/8 | €2,133 | €2,287 | +€154 | +7.2% |
| Gross operating margin | 9900 | €2,193 | €2,340 | +€148 | +6.7% |
| Operating profit (loss) | 9901 | -€35 | -€41 | -€6 | -17.5% |
| Financial income | 75/76B | €0 | €0 | +€0 | +91.7% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +91.7% |
| Financial charges | 65/66B | €45 | €45 | = | 0.0% |
| Recurring financial charges | 65 | €45 | €45 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€80 | -€86 | -€6 | -7.5% |
| Income taxes | 67/77 | €0 | €0 | +€0 | +133% |
| Profit (loss) for the period | 9904 | -€80 | -€86 | -€6 | -7.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€80 | -€86 | -€6 | -7.6% |
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 15 October 2026 via checked.be.