V en S Adres: what changed
V en S Adres
Largest movements
- Receivables within one year +€9,061
up €9,061 (+20.5%), from €44,159 to €53,221
- Cash -€4,419
down €4,419 (-33.0%), from €13,383 to €8,964
mainly Receivables within one year (-€9,061) and Trade debts (-€6,006)
- Trade debts -€6,006
down €6,006 (-30.8%), from €19,478 to €13,472
- Profit (loss) carried forward +€5,691
up €5,691, from -€2,031 to €3,660
- Tax, wage and social debts +€3,057
up €3,057 (+56.6%), from €5,397 to €8,454
of which Taxes: +€3,365
- Other debts +€1,510
up €1,510 (+456%), from €331 to €1,841
- Gross operating margin +€11,273
up €11,273 (+5,745%), from €196 to €11,469
- Taxes +€3,351
up €3,351 (+2,502%), from €134 to €3,485
- Staff costs -€2,075
down €2,075 (-100%), from €2,075 to €0
- Financial charges +€1,009
up €1,009 (+444%), from €227 to €1,236
- Depreciation -€444
down €444 (-53.2%), from €834 to €390
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €61,021 | €65,273 | +€4,252 | +7.0% |
| Fixed assets | 21/28 | €3,479 | €3,089 | -€390 | -11.2% |
| Tangible fixed assets | 22/27 | €2,942 | €2,552 | -€390 | -13.3% |
| Plant, machinery and equipment | 23 | €26 | €0 | -€26 | -100% |
| Other tangible fixed assets | 26 | €2,917 | €2,552 | -€365 | -12.5% |
| Financial fixed assets | 28 | €537 | €537 | = | 0.0% |
| Current assets | 29/58 | €57,542 | €62,185 | +€4,643 | +8.1% |
| Amounts receivable within one year | 40/41 | €44,159 | €53,221 | +€9,061 | +20.5% |
| Trade receivables | 40 | €44,159 | €53,221 | +€9,061 | +20.5% |
| Cash at bank and in hand | 54/58 | €13,383 | €8,964 | -€4,419 | -33.0% |
| Total equity and liabilities | 10/49 | €61,021 | €65,273 | +€4,252 | +7.0% |
| Equity | 10/15 | €34,915 | €40,606 | +€5,691 | +16.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €18,354 | €18,354 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €16,495 | €16,495 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,031 | €3,660 | +€5,691 | |
| Amounts payable | 17/49 | €26,106 | €24,667 | -€1,438 | -5.5% |
| Amounts payable after more than one year | 17 | €900 | €900 | = | 0.0% |
| Financial debts | 170/4 | €900 | €900 | = | 0.0% |
| Amounts payable within one year | 42/48 | €25,206 | €23,767 | -€1,438 | -5.7% |
| Trade debts | 44 | €19,478 | €13,472 | -€6,006 | -30.8% |
| Suppliers | 440/4 | €19,478 | €13,472 | -€6,006 | -30.8% |
| Taxes, remuneration and social security | 45 | €5,397 | €8,454 | +€3,057 | +56.6% |
| Taxes | 450/3 | €5,089 | €8,454 | +€3,365 | +66.1% |
| Remuneration and social security | 454/9 | €308 | €0 | -€308 | -100% |
| Other amounts payable | 47/48 | €331 | €1,841 | +€1,510 | +456% |
| Remuneration, social security and pensions | 62 | €2,075 | €0 | -€2,075 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €834 | €390 | -€444 | -53.2% |
| Other operating charges | 640/8 | €378 | €666 | +€288 | +76.2% |
| Non-recurring operating charges | 66A | €87 | €0 | -€87 | -100% |
| Gross operating margin | 9900 | €196 | €11,469 | +€11,273 | +5,745% |
| Operating profit (loss) | 9901 | -€3,178 | €10,412 | +€13,590 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €227 | €1,236 | +€1,009 | +444% |
| Recurring financial charges | 65 | €227 | €1,236 | +€1,009 | +444% |
| Profit (loss) for the period before taxes | 9903 | -€3,405 | €9,176 | +€12,581 | |
| Income taxes | 67/77 | €134 | €3,485 | +€3,351 | +2,502% |
| Profit (loss) for the period | 9904 | -€3,539 | €5,691 | +€9,230 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,539 | €5,691 | +€9,230 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.