V.C. LINE: 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. LINE
Largest movements
- Tangible fixed assets -€59,135
down €59,135 (-25.6%), from €230,995 to €171,860
of which Furniture and vehicles: -€46,730
- Cash +€28,587
up €28,587 (+79.6%), from €35,915 to €64,502
mainly Depreciation (+€59,135) and Net result for the year (+€42,531)
- Reserves +€42,531
up €42,531 (+51.7%), from €82,190 to €124,722
- Debts after one year -€39,260
down €39,260 (-30.0%), from €130,798 to €91,538
- Trade debts -€32,735
down €32,735 (-82.8%), from €39,536 to €6,801
- Gross operating margin -€52,249
down €52,249 (-30.5%), from €171,466 to €119,217
- Depreciation -€5,544
down €5,544 (-8.6%), from €64,678 to €59,135
- Financial charges -€4,768
down €4,768 (-44.5%), from €10,706 to €5,939
- Taxes -€2,005
down €2,005 (-14.9%), from €13,492 to €11,486
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 | €313,800 | €284,558 | -€29,242 | -9.3% |
| Fixed assets | 21/28 | €230,995 | €171,860 | -€59,135 | -25.6% |
| Tangible fixed assets | 22/27 | €230,995 | €171,860 | -€59,135 | -25.6% |
| Plant, machinery and equipment | 23 | €40,876 | €28,471 | -€12,405 | -30.3% |
| Furniture and vehicles | 24 | €190,119 | €143,389 | -€46,730 | -24.6% |
| Current assets | 29/58 | €82,805 | €112,698 | +€29,893 | +36.1% |
| Amounts receivable within one year | 40/41 | €46,890 | €48,196 | +€1,306 | +2.8% |
| Trade receivables | 40 | €46,890 | €47,182 | +€292 | +0.6% |
| Other amounts receivable | 41 | - | €1,014 | +€1,014 | |
| Cash at bank and in hand | 54/58 | €35,915 | €64,502 | +€28,587 | +79.6% |
| Total equity and liabilities | 10/49 | €313,800 | €284,558 | -€29,242 | -9.3% |
| Equity | 10/15 | €85,190 | €127,722 | +€42,531 | +49.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €82,190 | €124,722 | +€42,531 | +51.7% |
| Distributable reserves | 133 | €82,190 | €124,722 | +€42,531 | +51.7% |
| Amounts payable | 17/49 | €228,609 | €156,836 | -€71,773 | -31.4% |
| Amounts payable after more than one year | 17 | €130,798 | €91,538 | -€39,260 | -30.0% |
| Financial debts | 170/4 | €130,798 | €91,538 | -€39,260 | -30.0% |
| Amounts payable within one year | 42/48 | €97,812 | €65,298 | -€32,514 | -33.2% |
| Current portion of amounts payable after more than one year | 42 | €37,734 | €39,260 | +€1,526 | +4.0% |
| Trade debts | 44 | €39,536 | €6,801 | -€32,735 | -82.8% |
| Suppliers | 440/4 | €39,536 | €6,801 | -€32,735 | -82.8% |
| Taxes, remuneration and social security | 45 | €13,017 | €13,474 | +€457 | +3.5% |
| Taxes | 450/3 | €11,417 | €11,874 | +€457 | +4.0% |
| Remuneration and social security | 454/9 | €1,600 | €1,600 | = | 0.0% |
| Other amounts payable | 47/48 | €7,524 | €5,763 | -€1,761 | -23.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,678 | €59,135 | -€5,544 | -8.6% |
| Other operating charges | 640/8 | €404 | €126 | -€278 | -68.8% |
| Gross operating margin | 9900 | €171,466 | €119,217 | -€52,249 | -30.5% |
| Operating profit (loss) | 9901 | €106,383 | €59,956 | -€46,427 | -43.6% |
| Financial income | 75/76B | €5 | - | -€5 | |
| Recurring financial income | 75 | €5 | - | -€5 | |
| Financial charges | 65/66B | €10,706 | €5,939 | -€4,768 | -44.5% |
| Recurring financial charges | 65 | €10,706 | €5,939 | -€4,768 | -44.5% |
| Profit (loss) for the period before taxes | 9903 | €95,682 | €54,018 | -€41,664 | -43.5% |
| Income taxes | 67/77 | €13,492 | €11,486 | -€2,005 | -14.9% |
| Profit (loss) for the period | 9904 | €82,190 | €42,531 | -€39,659 | -48.3% |
| Profit (loss) for the period to be appropriated | 9905 | €82,190 | €42,531 | -€39,659 | -48.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.