V-Fold Group: 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-Fold Group
Largest movements
- Receivables within one year -€5,554
down €5,554 (-98.8%), from €5,621 to €67
of which Other amounts receivable: -€5,054
- Cash -€4,541
down €4,541 (-45.8%), from €9,914 to €5,373
mainly Debts after one year (-€100,000) and Trade debts (-€17)
- Debts after one year -€100,000
no longer reported in 2025 (was €100,000)
- Profit (loss) carried forward +€89,922
up €89,922 (+89.6%), from -€100,318 to -€10,396
- Financial income +€72,410
up €72,410 (+262%), from €27,590 to €100,000
of which Non-recurring financial income: +€100,000
- Financial charges -€7,788
down €7,788 (-57.4%), from €13,573 to €5,785
of which Financial charges: -€12,788
- Gross operating margin +€4,727
up €4,727 (+56.2%), from -€8,413 to -€3,686
- Other operating charges +€105
up €105 (+20.9%), from €502 to €607
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 | €15,535 | €5,441 | -€10,095 | -65.0% |
| Current assets | 29/58 | €15,535 | €5,441 | -€10,095 | -65.0% |
| Amounts receivable within one year | 40/41 | €5,621 | €67 | -€5,554 | -98.8% |
| Trade receivables | 40 | €500 | - | -€500 | |
| Other amounts receivable | 41 | €5,121 | €67 | -€5,054 | -98.7% |
| Cash at bank and in hand | 54/58 | €9,914 | €5,373 | -€4,541 | -45.8% |
| Total equity and liabilities | 10/49 | €15,535 | €5,441 | -€10,095 | -65.0% |
| Equity | 10/15 | -€88,821 | €1,101 | +€89,922 | |
| Contributions | 10/11 | €11,497 | €11,497 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€100,318 | -€10,396 | +€89,922 | +89.6% |
| Amounts payable | 17/49 | €104,357 | €4,340 | -€100,017 | -95.8% |
| Amounts payable after more than one year | 17 | €100,000 | - | -€100,000 | |
| Financial debts | 170/4 | €100,000 | - | -€100,000 | |
| Amounts payable within one year | 42/48 | €4,357 | €4,340 | -€17 | -0.4% |
| Trade debts | 44 | €857 | €840 | -€17 | -2.0% |
| Suppliers | 440/4 | €857 | €840 | -€17 | -2.0% |
| Other amounts payable | 47/48 | €3,500 | €3,500 | = | 0.0% |
| Other operating charges | 640/8 | €502 | €607 | +€105 | +20.9% |
| Gross operating margin | 9900 | -€8,413 | -€3,686 | +€4,727 | +56.2% |
| Operating profit (loss) | 9901 | -€8,915 | -€4,293 | +€4,622 | +51.8% |
| Financial income | 75/76B | €27,590 | €100,000 | +€72,410 | +262% |
| Recurring financial income | 75 | €27,590 | €100,000 | +€72,410 | +262% |
| Non-recurring financial income | 76B | - | €100,000 | +€100,000 | |
| Financial charges | 65/66B | €13,573 | €5,785 | -€7,788 | -57.4% |
| Recurring financial charges | 65 | €13,573 | €785 | -€12,788 | -94.2% |
| Non-recurring financial charges | 66B | - | €5,000 | +€5,000 | |
| Profit (loss) for the period before taxes | 9903 | €5,101 | €89,922 | +€84,821 | +1,663% |
| Profit (loss) for the period | 9904 | €5,101 | €89,922 | +€84,821 | +1,663% |
| Profit (loss) for the period to be appropriated | 9905 | €5,101 | €89,922 | +€84,821 | +1,663% |
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 15 October 2026 via checked.be.