V.I.POP: 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.I.POP
Largest movements
- Tangible fixed assets -€8,804
down €8,804 (-53.2%), from €16,545 to €7,741
of which Leasing and similar rights: -€8,419
- Cash -€2,451
down €2,451 (-50.7%), from €4,831 to €2,380
mainly Net result for the year (-€17,971) and Debts after one year (-€6,259)
- Receivables within one year -€1,221
down €1,221 (-36.3%), from €3,366 to €2,145
of which Other amounts receivable: -€863
- Profit (loss) carried forward -€17,971
down €17,971 (-258%), from -€6,963 to -€24,934
- Trade debts +€6,729
up €6,729 (+1,133%), from €594 to €7,323
- Debts after one year -€6,259
no longer reported in 2025 (was €6,259)
- Current portion of long-term debt +€2,216
up €2,216 (+50.7%), from €4,367 to €6,583
- Tax, wage and social debts +€1,943
up €1,943 (+107%), from €1,812 to €3,755
of which Remuneration and social security: +€1,361
- Gross operating margin -€33,606
down €33,606 (-60.2%), from €55,782 to €22,176
- Staff costs -€3,908
down €3,908 (-11.8%), from €33,111 to €29,203
- Other operating charges -€2,097
down €2,097 (-97.1%), from €2,160 to €63
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 | €29,057 | €16,665 | -€12,392 | -42.6% |
| Fixed assets | 21/28 | €19,545 | €10,741 | -€8,804 | -45.0% |
| Tangible fixed assets | 22/27 | €16,545 | €7,741 | -€8,804 | -53.2% |
| Furniture and vehicles | 24 | €385 | - | -€385 | |
| Leasing and similar rights | 25 | €16,160 | €7,741 | -€8,419 | -52.1% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €9,512 | €5,924 | -€3,588 | -37.7% |
| Stocks and contracts in progress | 3 | €1,315 | €1,399 | +€84 | +6.4% |
| Stocks | 30/36 | €1,315 | €1,399 | +€84 | +6.4% |
| Amounts receivable within one year | 40/41 | €3,366 | €2,145 | -€1,221 | -36.3% |
| Trade receivables | 40 | €2,468 | €2,110 | -€358 | -14.5% |
| Other amounts receivable | 41 | €898 | €35 | -€863 | -96.1% |
| Cash at bank and in hand | 54/58 | €4,831 | €2,380 | -€2,451 | -50.7% |
| Total equity and liabilities | 10/49 | €29,057 | €16,665 | -€12,392 | -42.6% |
| Equity | 10/15 | €15,762 | -€2,209 | -€17,971 | |
| Contributions | 10/11 | €22,500 | €22,500 | = | 0.0% |
| Reserves | 13 | €225 | €225 | = | 0.0% |
| Non-distributable reserves | 130/1 | €225 | €225 | = | 0.0% |
| Reserves not available under the articles | 1311 | €225 | €225 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,963 | -€24,934 | -€17,971 | -258% |
| Amounts payable | 17/49 | €13,295 | €18,874 | +€5,579 | +42.0% |
| Amounts payable after more than one year | 17 | €6,259 | - | -€6,259 | |
| Financial debts | 170/4 | €6,259 | - | -€6,259 | |
| Amounts payable within one year | 42/48 | €7,036 | €18,874 | +€11,838 | +168% |
| Current portion of amounts payable after more than one year | 42 | €4,367 | €6,583 | +€2,216 | +50.7% |
| Trade debts | 44 | €594 | €7,323 | +€6,729 | +1,133% |
| Suppliers | 440/4 | €594 | €7,323 | +€6,729 | +1,133% |
| Taxes, remuneration and social security | 45 | €1,812 | €3,755 | +€1,943 | +107% |
| Taxes | 450/3 | €688 | €1,270 | +€582 | +84.6% |
| Remuneration and social security | 454/9 | €1,124 | €2,485 | +€1,361 | +121% |
| Other amounts payable | 47/48 | €263 | €1,213 | +€950 | +361% |
| Remuneration, social security and pensions | 62 | €33,111 | €29,203 | -€3,908 | -11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,006 | €8,804 | -€202 | -2.2% |
| Other operating charges | 640/8 | €2,160 | €63 | -€2,097 | -97.1% |
| Non-recurring operating charges | 66A | €1,940 | - | -€1,940 | |
| Gross operating margin | 9900 | €55,782 | €22,176 | -€33,606 | -60.2% |
| Operating profit (loss) | 9901 | €9,565 | -€15,894 | -€25,459 | |
| Financial income | 75/76B | €71 | - | -€71 | |
| Recurring financial income | 75 | €71 | - | -€71 | |
| Financial charges | 65/66B | €2,316 | €2,077 | -€239 | -10.3% |
| Recurring financial charges | 65 | €2,316 | €2,077 | -€239 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | €7,320 | -€17,971 | -€25,291 | |
| Income taxes | 67/77 | €447 | - | -€447 | |
| Profit (loss) for the period | 9904 | €6,873 | -€17,971 | -€24,844 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,873 | -€17,971 | -€24,844 |
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 24 October 2026 via checked.be.