V.A. Industries: 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. Industries
Largest movements
- Financial fixed assets +€1.0m
new in 2025: €1.0m
- Receivables within one year +€65,722
up €65,722 (+301%), from €21,870 to €87,591
of which Other amounts receivable: +€42,490
- Tangible fixed assets -€42,016
down €42,016 (-3.6%), from €1.2m to €1.1m
of which Land and buildings: -€33,333
- Other debts +€669,997
up €669,997 (+352%), from €190,550 to €860,547
- Profit (loss) carried forward +€173,202
up €173,202, from -€173,202 to €0
- Reserves +€109,317
up €109,317 (+60,316%), from €181 to €109,498
of which Distributable reserves: +€109,317
- Current portion of long-term debt +€39,621
up €39,621 (+69.2%), from €57,234 to €96,855
- Financial income +€200,000
up €200,000, from €0 to €200,000
- Depreciation -€141,153
down €141,153 (-80.6%), from €175,213 to €34,060
- Gross operating margin +€113,975
up €113,975 (+156%), from €72,973 to €186,948
- Financial charges +€16,257
up €16,257 (+43.4%), from €37,480 to €53,737
- Taxes +€10,950
new in 2025: €10,950
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 | €1,216,870 | €2,249,513 | +€1.0m | +84.9% |
| Fixed assets | 21/28 | €1,161,694 | €2,119,678 | +€957,984 | +82.5% |
| Tangible fixed assets | 22/27 | €1,161,694 | €1,119,678 | -€42,016 | -3.6% |
| Land and buildings | 22 | €1,150,000 | €1,116,667 | -€33,333 | -2.9% |
| Plant, machinery and equipment | 23 | €11,694 | €0 | -€11,694 | -100% |
| Furniture and vehicles | 24 | - | €3,011 | +€3,011 | |
| Financial fixed assets | 28 | - | €1,000,000 | +€1.0m | |
| Current assets | 29/58 | €55,176 | €129,835 | +€74,659 | +135% |
| Amounts receivable within one year | 40/41 | €21,870 | €87,591 | +€65,722 | +301% |
| Trade receivables | 40 | - | €23,232 | +€23,232 | |
| Other amounts receivable | 41 | €21,870 | €64,359 | +€42,490 | +194% |
| Cash at bank and in hand | 54/58 | €1,427 | €9,162 | +€7,735 | +542% |
| Deferred charges and accrued income | 490/1 | €31,879 | €33,081 | +€1,202 | +3.8% |
| Total equity and liabilities | 10/49 | €1,216,870 | €2,249,513 | +€1.0m | +84.9% |
| Equity | 10/15 | -€123,021 | €159,498 | +€282,519 | |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €181 | €109,498 | +€109,317 | +60,316% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €181 | €109,498 | +€109,317 | +60,316% |
| Profit (loss) carried forward | 14 | -€173,202 | €0 | +€173,202 | |
| Amounts payable | 17/49 | €1,339,891 | €2,090,015 | +€750,124 | +56.0% |
| Amounts payable after more than one year | 17 | €1,081,159 | €1,100,357 | +€19,198 | +1.8% |
| Financial debts | 170/4 | €1,081,159 | €1,100,357 | +€19,198 | +1.8% |
| Amounts payable within one year | 42/48 | €258,732 | €988,658 | +€729,926 | +282% |
| Current portion of amounts payable after more than one year | 42 | €57,234 | €96,855 | +€39,621 | +69.2% |
| Trade debts | 44 | €1,751 | €1,700 | -€51 | -2.9% |
| Suppliers | 440/4 | €1,751 | €1,700 | -€51 | -2.9% |
| Taxes, remuneration and social security | 45 | €9,196 | €29,556 | +€20,360 | +221% |
| Taxes | 450/3 | €9,196 | €29,556 | +€20,360 | +221% |
| Other amounts payable | 47/48 | €190,550 | €860,547 | +€669,997 | +352% |
| Accrued charges and deferred income | 492/3 | - | €1,000 | +€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €175,213 | €34,060 | -€141,153 | -80.6% |
| Other operating charges | 640/8 | €4,060 | €5,683 | +€1,623 | +40.0% |
| Gross operating margin | 9900 | €72,973 | €186,948 | +€113,975 | +156% |
| Operating profit (loss) | 9901 | -€106,300 | €147,205 | +€253,505 | |
| Financial income | 75/76B | €0 | €200,000 | +€200,000 | |
| Recurring financial income | 75 | €0 | €200,000 | +€200,000 | |
| Financial charges | 65/66B | €37,480 | €53,737 | +€16,257 | +43.4% |
| Recurring financial charges | 65 | €37,480 | €53,737 | +€16,257 | +43.4% |
| Profit (loss) for the period before taxes | 9903 | -€143,780 | €293,469 | +€437,249 | |
| Income taxes | 67/77 | - | €10,950 | +€10,950 | |
| Profit (loss) for the period | 9904 | -€143,780 | €282,519 | +€426,299 | |
| Profit (loss) for the period to be appropriated | 9905 | -€143,780 | €282,519 | +€426,299 |
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 28 October 2026 via checked.be.