V-Invests: 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-Invests
Largest movements
- Receivables within one year +€79,811
up €79,811 (+263.7%), from €30,270 to €110,082
of which Trade receivables: +€79,818
- Tangible fixed assets +€59,987
up €59,987 (+52.4%), from €114,457 to €174,444
of which Land and buildings: +€59,085
- Profit (loss) carried forward +€83,630
up €83,630 (+7117.0%), from €1,175 to €84,806
- Current portion of long-term debt +€59,213
up €59,213 (+1337.1%), from €4,428 to €63,642
- Tax, wage and social debts +€22,407
up €22,407 (+228.8%), from €9,794 to €32,202
- Reserves -€20,000
no longer reported in 2025 (was €20,000)
- Trade debts -€5,430
down €5,430 (-69.1%), from €7,859 to €2,429
- Gross operating margin +€91,812
up €91,812 (+262.1%), from €35,027 to €126,839
- Taxes +€16,308
up €16,308 (+308.1%), from €5,294 to €21,602
- Other operating charges +€6,657
up €6,657 (+107.8%), from €6,178 to €12,835
- Financial charges +€2,674
up €2,674 (+1224.8%), from €218 to €2,893
- Depreciation +€2,542
up €2,542 (+431.2%), from €590 to €3,132
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.
Cash bridge derived
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 | €150,191 | €287,565 | +€137,373 | +91.5% |
| Fixed assets | 21/28 | €114,457 | €174,444 | +€59,987 | +52.4% |
| Tangible fixed assets | 22/27 | €114,457 | €174,444 | +€59,987 | +52.4% |
| Land and buildings | 22 | €114,457 | €173,542 | +€59,085 | +51.6% |
| Furniture and vehicles | 24 | - | €902 | +€902 | |
| Current assets | 29/58 | €35,734 | €113,121 | +€77,386 | +216.6% |
| Amounts receivable within one year | 40/41 | €30,270 | €110,082 | +€79,811 | +263.7% |
| Trade receivables | 40 | €28,264 | €108,082 | +€79,818 | +282.4% |
| Other amounts receivable | 41 | €2,007 | €2,000 | -€7 | -0.3% |
| Cash at bank and in hand | 54/58 | €3,628 | €3,039 | -€589 | -16.2% |
| Deferred charges and accrued income | 490/1 | €1,836 | - | -€1,836 | |
| Total equity and liabilities | 10/49 | €150,191 | €287,565 | +€137,373 | +91.5% |
| Equity | 10/15 | €41,175 | €104,806 | +€63,630 | +154.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €20,000 | - | -€20,000 | |
| Distributable reserves | 133 | €20,000 | - | -€20,000 | |
| Profit (loss) carried forward | 14 | €1,175 | €84,806 | +€83,630 | +7117.0% |
| Amounts payable | 17/49 | €109,016 | €182,759 | +€73,743 | +67.6% |
| Amounts payable after more than one year | 17 | €50,212 | €45,570 | -€4,642 | -9.2% |
| Financial debts | 170/4 | €50,212 | €45,570 | -€4,642 | -9.2% |
| Amounts payable within one year | 42/48 | €58,805 | €137,189 | +€78,385 | +133.3% |
| Current portion of amounts payable after more than one year | 42 | €4,428 | €63,642 | +€59,213 | +1337.1% |
| Trade debts | 44 | €7,859 | €2,429 | -€5,430 | -69.1% |
| Suppliers | 440/4 | €7,859 | €2,429 | -€5,430 | -69.1% |
| Taxes, remuneration and social security | 45 | €9,794 | €32,202 | +€22,407 | +228.8% |
| Taxes | 450/3 | €9,794 | €32,202 | +€22,407 | +228.8% |
| Other amounts payable | 47/48 | €36,723 | €38,917 | +€2,194 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €590 | €3,132 | +€2,542 | +431.2% |
| Other operating charges | 640/8 | €6,178 | €12,835 | +€6,657 | +107.8% |
| Non-recurring operating charges | 66A | €1,800 | €1,800 | = | 0.0% |
| Gross operating margin | 9900 | €35,027 | €126,839 | +€91,812 | +262.1% |
| Operating profit (loss) | 9901 | €26,459 | €109,072 | +€82,613 | +312.2% |
| Financial income | 75/76B | €228 | €228 | = | 0.0% |
| Recurring financial income | 75 | €228 | €228 | = | 0.0% |
| Financial charges | 65/66B | €218 | €2,893 | +€2,674 | +1224.8% |
| Recurring financial charges | 65 | €218 | €2,893 | +€2,674 | +1224.8% |
| Profit (loss) for the period before taxes | 9903 | €26,469 | €106,407 | +€79,938 | +302.0% |
| Income taxes | 67/77 | €5,294 | €21,602 | +€16,308 | +308.1% |
| Profit (loss) for the period | 9904 | €21,175 | €84,806 | +€63,630 | +300.5% |
| Profit (loss) for the period to be appropriated | 9905 | €21,175 | €84,806 | +€63,630 | +300.5% |
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 9 October 2026 via checked.be.