V.C.S.: 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.S.
Largest movements
- Tangible fixed assets +€9,270
up €9,270 (+122.7%), from €7,554 to €16,824
of which Furniture and vehicles: +€9,968
- Receivables within one year +€7,137
new in 2025: €7,137
of which Other amounts receivable: +€4,440
- Cash +€1,957
up €1,957 (+7.8%), from €25,163 to €27,119
mainly Debts after one year (+€11,405) and Net result for the year (+€9,541)
- Debts after one year +€11,405
new in 2025: €11,405
- Profit (loss) carried forward +€9,541
up €9,541 (+491.5%), from €1,941 to €11,482
- Other debts -€3,349
no longer reported in 2025 (was €3,349)
- Current portion of long-term debt +€3,329
new in 2025: €3,329
- Trade debts -€2,254
down €2,254 (-31.3%), from €7,208 to €4,954
- Gross operating margin -€5,127
down €5,127 (-11.7%), from €43,962 to €38,834
- Staff costs -€3,459
down €3,459 (-13.7%), from €25,277 to €21,819
- Depreciation +€820
up €820 (+24.7%), from €3,320 to €4,140
- Financial charges +€568
up €568 (+189.1%), from €300 to €868
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.
Cash bridge derived
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 | €39,861 | €57,904 | +€18,043 | +45.3% |
| Fixed assets | 21/28 | €11,179 | €20,449 | +€9,270 | +82.9% |
| Tangible fixed assets | 22/27 | €7,554 | €16,824 | +€9,270 | +122.7% |
| Plant, machinery and equipment | 23 | €1,819 | €1,121 | -€698 | -38.4% |
| Furniture and vehicles | 24 | €5,735 | €15,703 | +€9,968 | +173.8% |
| Financial fixed assets | 28 | €3,625 | €3,625 | = | 0.0% |
| Current assets | 29/58 | €28,682 | €37,455 | +€8,773 | +30.6% |
| Stocks and contracts in progress | 3 | €3,000 | €3,000 | = | 0.0% |
| Stocks | 30/36 | €3,000 | €3,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | - | €7,137 | +€7,137 | |
| Trade receivables | 40 | - | €2,698 | +€2,698 | |
| Other amounts receivable | 41 | - | €4,440 | +€4,440 | |
| Cash at bank and in hand | 54/58 | €25,163 | €27,119 | +€1,957 | +7.8% |
| Deferred charges and accrued income | 490/1 | €519 | €199 | -€321 | -61.7% |
| Total equity and liabilities | 10/49 | €39,861 | €57,904 | +€18,043 | +45.3% |
| Equity | 10/15 | €17,941 | €27,482 | +€9,541 | +53.2% |
| Contributions | 10/11 | €16,000 | €16,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,941 | €11,482 | +€9,541 | +491.5% |
| Amounts payable | 17/49 | €21,920 | €30,422 | +€8,502 | +38.8% |
| Amounts payable after more than one year | 17 | - | €11,405 | +€11,405 | |
| Financial debts | 170/4 | - | €11,405 | +€11,405 | |
| Amounts payable within one year | 42/48 | €21,920 | €19,017 | -€2,903 | -13.2% |
| Current portion of amounts payable after more than one year | 42 | - | €3,329 | +€3,329 | |
| Trade debts | 44 | €7,208 | €4,954 | -€2,254 | -31.3% |
| Suppliers | 440/4 | €7,208 | €4,954 | -€2,254 | -31.3% |
| Taxes, remuneration and social security | 45 | €11,364 | €10,733 | -€630 | -5.5% |
| Taxes | 450/3 | €6,623 | €3,860 | -€2,762 | -41.7% |
| Remuneration and social security | 454/9 | €4,741 | €6,873 | +€2,132 | +45.0% |
| Other amounts payable | 47/48 | €3,349 | - | -€3,349 | |
| Remuneration, social security and pensions | 62 | €25,277 | €21,819 | -€3,459 | -13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,320 | €4,140 | +€820 | +24.7% |
| Other operating charges | 640/8 | €2,676 | €2,466 | -€209 | -7.8% |
| Gross operating margin | 9900 | €43,962 | €38,834 | -€5,127 | -11.7% |
| Operating profit (loss) | 9901 | €12,689 | €10,409 | -€2,280 | -18.0% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €300 | €868 | +€568 | +189.1% |
| Recurring financial charges | 65 | €300 | €868 | +€568 | +189.1% |
| Profit (loss) for the period before taxes | 9903 | €12,389 | €9,541 | -€2,848 | -23.0% |
| Profit (loss) for the period | 9904 | €12,389 | €9,541 | -€2,848 | -23.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,389 | €9,541 | -€2,848 | -23.0% |
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 11 October 2026 via checked.be.