V-CARE: 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-CARE
Largest movements
- Tangible fixed assets -€31,400
down €31,400 (-36.3%), from €86,463 to €55,064
of which Other tangible fixed assets: -€27,405
- Receivables within one year -€6,546
down €6,546 (-14.3%), from €45,744 to €39,198
- Profit (loss) carried forward -€41,471
down €41,471 (-16.5%), from -€250,752 to -€292,223
- Trade debts +€31,439
up €31,439 (+260%), from €12,101 to €43,539
- Debts after one year -€20,775
down €20,775 (-92.1%), from €22,546 to €1,771
- Tax, wage and social debts -€6,439
down €6,439 (-18.7%), from €34,358 to €27,920
of which Remuneration and social security: -€4,373
- Accrued charges and deferred income -€1,500
no longer reported in 2025 (was €1,500)
- Gross operating margin -€22,827
down €22,827 (-15.5%), from €147,546 to €124,719
- Staff costs -€5,464
down €5,464 (-4.1%), from €131,766 to €126,302
- Financial income -€4,568
down €4,568 (-99.8%), from €4,578 to €10
- Depreciation +€3,984
up €3,984 (+14.0%), from €28,453 to €32,438
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 | €143,795 | €105,787 | -€38,008 | -26.4% |
| Fixed assets | 21/28 | €86,463 | €55,064 | -€31,400 | -36.3% |
| Tangible fixed assets | 22/27 | €86,463 | €55,064 | -€31,400 | -36.3% |
| Furniture and vehicles | 24 | €10,666 | €6,671 | -€3,994 | -37.5% |
| Other tangible fixed assets | 26 | €75,798 | €48,393 | -€27,405 | -36.2% |
| Current assets | 29/58 | €57,332 | €50,724 | -€6,608 | -11.5% |
| Amounts receivable within one year | 40/41 | €45,744 | €39,198 | -€6,546 | -14.3% |
| Trade receivables | 40 | €45,744 | €39,198 | -€6,546 | -14.3% |
| Cash at bank and in hand | 54/58 | €11,588 | €10,722 | -€866 | -7.5% |
| Deferred charges and accrued income | 490/1 | - | €804 | +€804 | |
| Total equity and liabilities | 10/49 | €143,795 | €105,787 | -€38,008 | -26.4% |
| Equity | 10/15 | -€150,752 | -€192,223 | -€41,471 | -27.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€250,752 | -€292,223 | -€41,471 | -16.5% |
| Amounts payable | 17/49 | €294,547 | €298,010 | +€3,463 | +1.2% |
| Amounts payable after more than one year | 17 | €22,546 | €1,771 | -€20,775 | -92.1% |
| Financial debts | 170/4 | €22,546 | €1,771 | -€20,775 | -92.1% |
| Amounts payable within one year | 42/48 | €270,501 | €296,239 | +€25,738 | +9.5% |
| Current portion of amounts payable after more than one year | 42 | €39,918 | €40,775 | +€857 | +2.1% |
| Trade debts | 44 | €12,101 | €43,539 | +€31,439 | +260% |
| Suppliers | 440/4 | €12,101 | €43,539 | +€31,439 | +260% |
| Taxes, remuneration and social security | 45 | €34,358 | €27,920 | -€6,439 | -18.7% |
| Taxes | 450/3 | €17,882 | €15,816 | -€2,066 | -11.6% |
| Remuneration and social security | 454/9 | €16,476 | €12,103 | -€4,373 | -26.5% |
| Other amounts payable | 47/48 | €184,124 | €184,005 | -€119 | -0.1% |
| Accrued charges and deferred income | 492/3 | €1,500 | - | -€1,500 | |
| Remuneration, social security and pensions | 62 | €131,766 | €126,302 | -€5,464 | -4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,453 | €32,438 | +€3,984 | +14.0% |
| Other operating charges | 640/8 | €4,090 | €5,391 | +€1,301 | +31.8% |
| Gross operating margin | 9900 | €147,546 | €124,719 | -€22,827 | -15.5% |
| Operating profit (loss) | 9901 | -€16,763 | -€39,411 | -€22,648 | -135% |
| Financial income | 75/76B | €4,578 | €10 | -€4,568 | -99.8% |
| Recurring financial income | 75 | €4,578 | €10 | -€4,568 | -99.8% |
| Financial charges | 65/66B | €2,736 | €1,633 | -€1,103 | -40.3% |
| Recurring financial charges | 65 | €2,736 | €1,633 | -€1,103 | -40.3% |
| Profit (loss) for the period before taxes | 9903 | -€14,921 | -€41,034 | -€26,114 | -175% |
| Income taxes | 67/77 | €443 | €436 | -€6 | -1.4% |
| Profit (loss) for the period | 9904 | -€15,364 | -€41,471 | -€26,107 | -170% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,364 | -€41,471 | -€26,107 | -170% |
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 14 October 2026 via checked.be.