V.A. TRADING: 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. TRADING
Largest movements
- Tangible fixed assets +€1.7m
up €1.7m (+127%), from €1.4m to €3.1m
of which Land and buildings: +€1.7m
- Cash +€64,749
up €64,749 (+43.4%), from €149,151 to €213,900
mainly Debts after one year (+€1.8m) and Depreciation (+€196,191)
- Debts after one year +€1.8m
up €1.8m (+148%), from €1.2m to €3.0m
- Current portion of long-term debt +€68,416
up €68,416 (+60.0%), from €113,941 to €182,357
- Profit (loss) carried forward -€48,866
down €48,866 (-406%), from -€12,025 to -€60,891
- Gross operating margin -€33,197
down €33,197 (-14.7%), from €226,525 to €193,328
- Financial charges +€7,975
up €7,975 (+48.5%), from €16,446 to €24,421
- Depreciation +€7,377
up €7,377 (+3.9%), from €188,814 to €196,191
- Other operating charges +€2,338
up €2,338 (+12.2%), from €19,243 to €21,582
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 | €1,506,608 | €3,288,243 | +€1.8m | +118% |
| Fixed assets | 21/28 | €1,356,781 | €3,074,339 | +€1.7m | +127% |
| Tangible fixed assets | 22/27 | €1,356,781 | €3,074,339 | +€1.7m | +127% |
| Land and buildings | 22 | €1,356,781 | €3,069,768 | +€1.7m | +126% |
| Plant, machinery and equipment | 23 | - | €4,571 | +€4,571 | |
| Current assets | 29/58 | €149,827 | €213,904 | +€64,077 | +42.8% |
| Amounts receivable within one year | 40/41 | €676 | €5 | -€672 | -99.3% |
| Other amounts receivable | 41 | €676 | €5 | -€672 | -99.3% |
| Cash at bank and in hand | 54/58 | €149,151 | €213,900 | +€64,749 | +43.4% |
| Total equity and liabilities | 10/49 | €1,506,608 | €3,288,243 | +€1.8m | +118% |
| Equity | 10/15 | €192,424 | €143,558 | -€48,866 | -25.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €142,450 | €142,450 | = | 0.0% |
| Distributable reserves | 133 | €142,450 | €142,450 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,025 | -€60,891 | -€48,866 | -406% |
| Amounts payable | 17/49 | €1,314,184 | €3,144,685 | +€1.8m | +139% |
| Amounts payable after more than one year | 17 | €1,189,106 | €2,951,191 | +€1.8m | +148% |
| Financial debts | 170/4 | €1,189,106 | €2,951,191 | +€1.8m | +148% |
| Amounts payable within one year | 42/48 | €125,078 | €193,494 | +€68,416 | +54.7% |
| Current portion of amounts payable after more than one year | 42 | €113,941 | €182,357 | +€68,416 | +60.0% |
| Other amounts payable | 47/48 | €11,137 | €11,137 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €188,814 | €196,191 | +€7,377 | +3.9% |
| Other operating charges | 640/8 | €19,243 | €21,582 | +€2,338 | +12.2% |
| Gross operating margin | 9900 | €226,525 | €193,328 | -€33,197 | -14.7% |
| Operating profit (loss) | 9901 | €18,467 | -€24,445 | -€42,912 | |
| Financial charges | 65/66B | €16,446 | €24,421 | +€7,975 | +48.5% |
| Recurring financial charges | 65 | €16,446 | €24,421 | +€7,975 | +48.5% |
| Profit (loss) for the period before taxes | 9903 | €2,021 | -€48,866 | -€50,887 | |
| Profit (loss) for the period | 9904 | €2,021 | -€48,866 | -€50,887 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,021 | -€48,866 | -€50,887 |
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.