V-International: 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-International
Largest movements
- Current investments -€25,215
down €25,215 (-12.8%), from €197,636 to €172,421
- Other debts -€11,784
down €11,784 (-3.8%), from €306,532 to €294,748
- Profit (loss) carried forward -€10,077
down €10,077 (-7.6%), from -€132,115 to -€142,192
- Tax, wage and social debts -€2,415
no longer reported in 2025 (was €2,415)
- Gross operating margin -€16,416
down €16,416, from €5,345 to -€11,071
- Financial income +€1,063
up €1,063 (+5,595%), from €19 to €1,082
- Other operating charges -€460
down €460 (-96.0%), from €479 to €19
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 | €199,273 | €174,896 | -€24,377 | -12.2% |
| Current assets | 29/58 | €199,273 | €174,896 | -€24,377 | -12.2% |
| Amounts receivable within one year | 40/41 | €1,637 | €2,331 | +€694 | +42.4% |
| Other amounts receivable | 41 | €1,637 | €2,331 | +€694 | +42.4% |
| Current investments | 50/53 | €197,636 | €172,421 | -€25,215 | -12.8% |
| Cash at bank and in hand | 54/58 | - | €144 | +€144 | |
| Total equity and liabilities | 10/49 | €199,273 | €174,896 | -€24,377 | -12.2% |
| Equity | 10/15 | -€113,255 | -€123,332 | -€10,077 | -8.9% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €6,360 | €6,360 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,500 | €4,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€132,115 | -€142,192 | -€10,077 | -7.6% |
| Amounts payable | 17/49 | €312,528 | €298,228 | -€14,300 | -4.6% |
| Amounts payable after more than one year | 17 | €220 | - | -€220 | |
| Advances received on contracts in progress | 176 | €220 | - | -€220 | |
| Amounts payable within one year | 42/48 | €310,808 | €298,228 | -€12,580 | -4.0% |
| Trade debts | 44 | €1,861 | €3,480 | +€1,619 | +87.0% |
| Suppliers | 440/4 | €1,861 | €3,480 | +€1,619 | +87.0% |
| Taxes, remuneration and social security | 45 | €2,415 | - | -€2,415 | |
| Taxes | 450/3 | €2,415 | - | -€2,415 | |
| Other amounts payable | 47/48 | €306,532 | €294,748 | -€11,784 | -3.8% |
| Accrued charges and deferred income | 492/3 | €1,500 | - | -€1,500 | |
| Other operating charges | 640/8 | €479 | €19 | -€460 | -96.0% |
| Gross operating margin | 9900 | €5,345 | -€11,071 | -€16,416 | |
| Operating profit (loss) | 9901 | €4,866 | -€11,090 | -€15,956 | |
| Financial income | 75/76B | €19 | €1,082 | +€1,063 | +5,595% |
| Recurring financial income | 75 | €19 | €1,082 | +€1,063 | +5,595% |
| Financial charges | 65/66B | €169 | €69 | -€100 | -59.2% |
| Recurring financial charges | 65 | €169 | €69 | -€100 | -59.2% |
| Profit (loss) for the period before taxes | 9903 | €4,716 | -€10,077 | -€14,793 | |
| Profit (loss) for the period | 9904 | €4,716 | -€10,077 | -€14,793 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,716 | -€10,077 | -€14,793 |
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 13 October 2026 via checked.be.