V.C. Enterprises: 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.C. Enterprises
Largest movements
- Intangible fixed assets -€27,130
no longer reported in 2025 (was €27,130)
- Deferred charges and accrued income -€19,711
no longer reported in 2025 (was €19,711)
- Other debts +€56,012
up €56,012 (+6.9%), from €808,852 to €864,864
- Profit (loss) carried forward -€47,576
down €47,576 (-14.0%), from -€340,136 to -€387,712
- Debts after one year -€39,612
down €39,612 (-6.2%), from €639,949 to €600,337
- Gross operating margin -€292,771
down €292,771 (-95.9%), from €305,313 to €12,542
- Depreciation -€233,467
down €233,467 (-89.4%), from €261,257 to €27,790
- Other operating charges +€6,286
up €6,286 (+618%), from €1,018 to €7,304
- Financial charges -€4,031
down €4,031 (-13.9%), from €29,055 to €25,024
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 | €1,613,530 | €1,576,511 | -€37,019 | -2.3% |
| Fixed assets | 21/28 | €1,581,994 | €1,569,392 | -€12,602 | -0.8% |
| Intangible fixed assets | 21 | €27,130 | - | -€27,130 | |
| Tangible fixed assets | 22/27 | €1,554,864 | €1,569,392 | +€14,528 | +0.9% |
| Land and buildings | 22 | €1,553,544 | €1,568,732 | +€15,188 | +1.0% |
| Plant, machinery and equipment | 23 | €1,320 | €660 | -€660 | -50.0% |
| Current assets | 29/58 | €31,536 | €7,119 | -€24,417 | -77.4% |
| Amounts receivable within one year | 40/41 | €5,306 | €3,062 | -€2,244 | -42.3% |
| Other amounts receivable | 41 | €5,306 | €3,062 | -€2,244 | -42.3% |
| Cash at bank and in hand | 54/58 | €6,519 | €4,057 | -€2,462 | -37.8% |
| Deferred charges and accrued income | 490/1 | €19,711 | - | -€19,711 | |
| Total equity and liabilities | 10/49 | €1,613,530 | €1,576,511 | -€37,019 | -2.3% |
| Equity | 10/15 | €115,864 | €68,288 | -€47,576 | -41.1% |
| Contributions | 10/11 | €456,000 | €456,000 | = | 0.0% |
| Capital | 10 | €456,000 | €456,000 | = | 0.0% |
| Issued capital | 100 | €456,000 | €456,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€340,136 | -€387,712 | -€47,576 | -14.0% |
| Amounts payable | 17/49 | €1,497,667 | €1,508,223 | +€10,557 | +0.7% |
| Amounts payable after more than one year | 17 | €639,949 | €600,337 | -€39,612 | -6.2% |
| Financial debts | 170/4 | €639,949 | €600,337 | -€39,612 | -6.2% |
| Amounts payable within one year | 42/48 | €857,717 | €907,886 | +€50,169 | +5.8% |
| Current portion of amounts payable after more than one year | 42 | €41,176 | €42,717 | +€1,541 | +3.7% |
| Trade debts | 44 | €7,682 | €297 | -€7,384 | -96.1% |
| Suppliers | 440/4 | €7,682 | €297 | -€7,384 | -96.1% |
| Taxes, remuneration and social security | 45 | €7 | €7 | = | 0.0% |
| Taxes | 450/3 | €7 | €7 | = | 0.0% |
| Other amounts payable | 47/48 | €808,852 | €864,864 | +€56,012 | +6.9% |
| Non-recurring operating income | 76A | €306,515 | - | -€306,515 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €261,257 | €27,790 | -€233,467 | -89.4% |
| Other operating charges | 640/8 | €1,018 | €7,304 | +€6,286 | +618% |
| Gross operating margin | 9900 | €305,313 | €12,542 | -€292,771 | -95.9% |
| Operating profit (loss) | 9901 | €43,038 | -€22,552 | -€65,590 | |
| Financial charges | 65/66B | €29,055 | €25,024 | -€4,031 | -13.9% |
| Recurring financial charges | 65 | €29,055 | €25,024 | -€4,031 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | €13,983 | -€47,576 | -€61,559 | |
| Profit (loss) for the period | 9904 | €13,983 | -€47,576 | -€61,559 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,983 | -€47,576 | -€61,559 |
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 25 October 2026 via checked.be.