V&G Services: 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&G Services
Largest movements
- Receivables within one year +€38,861
up €38,861 (+193%), from €20,167 to €59,028
of which Trade receivables: +€30,778
- Tangible fixed assets +€3,768
up €3,768 (+42.3%), from €8,913 to €12,681
- Reserves +€48,394
up €48,394 (+81.5%), from €59,389 to €107,783
- Tax, wage and social debts -€5,913
down €5,913 (-15.3%), from €38,535 to €32,622
of which Taxes: -€5,013
- Gross operating margin -€29,714
down €29,714 (-29.3%), from €101,519 to €71,805
- Depreciation -€11,830
down €11,830 (-82.8%), from €14,279 to €2,449
- Other operating charges -€4,382
down €4,382 (-89.0%), from €4,923 to €541
- Taxes -€2,247
down €2,247 (-9.8%), from €22,903 to €20,656
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 | €108,017 | €150,326 | +€42,309 | +39.2% |
| Fixed assets | 21/28 | €8,913 | €12,681 | +€3,768 | +42.3% |
| Tangible fixed assets | 22/27 | €8,913 | €12,681 | +€3,768 | +42.3% |
| Plant, machinery and equipment | 23 | €8,913 | €12,681 | +€3,768 | +42.3% |
| Current assets | 29/58 | €99,104 | €137,645 | +€38,541 | +38.9% |
| Amounts receivable within one year | 40/41 | €20,167 | €59,028 | +€38,861 | +193% |
| Trade receivables | 40 | €20,167 | €50,946 | +€30,778 | +153% |
| Other amounts receivable | 41 | - | €8,083 | +€8,083 | |
| Cash at bank and in hand | 54/58 | €78,676 | €78,070 | -€606 | -0.8% |
| Deferred charges and accrued income | 490/1 | €261 | €547 | +€286 | +110% |
| Total equity and liabilities | 10/49 | €108,017 | €150,326 | +€42,309 | +39.2% |
| Equity | 10/15 | €65,389 | €113,783 | +€48,394 | +74.0% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €59,389 | €107,783 | +€48,394 | +81.5% |
| Distributable reserves | 133 | €59,389 | €107,783 | +€48,394 | +81.5% |
| Amounts payable | 17/49 | €42,628 | €36,543 | -€6,085 | -14.3% |
| Amounts payable within one year | 42/48 | €42,628 | €36,543 | -€6,085 | -14.3% |
| Trade debts | 44 | €2,831 | €3,921 | +€1,090 | +38.5% |
| Suppliers | 440/4 | €2,831 | €3,921 | +€1,090 | +38.5% |
| Taxes, remuneration and social security | 45 | €38,535 | €32,622 | -€5,913 | -15.3% |
| Taxes | 450/3 | €37,635 | €32,622 | -€5,013 | -13.3% |
| Remuneration and social security | 454/9 | €900 | - | -€900 | |
| Other amounts payable | 47/48 | €1,262 | - | -€1,262 | |
| Non-recurring operating income | 76A | €14,279 | - | -€14,279 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,279 | €2,449 | -€11,830 | -82.8% |
| Other operating charges | 640/8 | €4,923 | €541 | -€4,382 | -89.0% |
| Gross operating margin | 9900 | €101,519 | €71,805 | -€29,714 | -29.3% |
| Operating profit (loss) | 9901 | €82,317 | €68,815 | -€13,503 | -16.4% |
| Financial income | 75/76B | €5 | €282 | +€277 | +5,534% |
| Recurring financial income | 75 | €5 | €282 | +€277 | +5,534% |
| Financial charges | 65/66B | €30 | €46 | +€17 | +56.4% |
| Recurring financial charges | 65 | €30 | €46 | +€17 | +56.4% |
| Profit (loss) for the period before taxes | 9903 | €82,293 | €69,050 | -€13,243 | -16.1% |
| Income taxes | 67/77 | €22,903 | €20,656 | -€2,247 | -9.8% |
| Profit (loss) for the period | 9904 | €59,389 | €48,394 | -€10,995 | -18.5% |
| Profit (loss) for the period to be appropriated | 9905 | €59,389 | €48,394 | -€10,995 | -18.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.