V&K MANAGEMENT: what changed
V&K MANAGEMENT
Largest movements
- Cash +€33,053
up €33,053 (+695%), from €4,757 to €37,810
mainly Net result for the year (+€35,024) and Receivables within one year (+€19,159)
- Receivables within one year -€19,159
down €19,159 (-41.6%), from €46,107 to €26,948
of which Other amounts receivable: -€29,913
- Reserves +€26,024
up €26,024 (+107%), from €24,349 to €50,373
- Profit (loss) carried forward -€12,000
down €12,000 (-100%), from €12,000 to €0
- Other debts +€10,080
up €10,080, from €0 to €10,080
- Trade debts -€9,067
down €9,067 (-73.9%), from €12,271 to €3,203
- Debts after one year -€6,407
down €6,407 (-13.5%), from €47,318 to €40,911
- Financial income -€9,716
down €9,716 (-21.1%), from €46,000 to €36,284
- Gross operating margin +€1,328
up €1,328 (+30.6%), from €4,345 to €5,673
- Taxes +€528
up €528 (+11.7%), from €4,532 to €5,060
- Financial charges -€252
down €252 (-12.6%), from €2,004 to €1,752
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €115,864 | €129,758 | +€13,894 | +12.0% |
| Fixed assets | 21/28 | €65,000 | €65,000 | = | 0.0% |
| Financial fixed assets | 28 | €65,000 | €65,000 | = | 0.0% |
| Current assets | 29/58 | €50,864 | €64,758 | +€13,894 | +27.3% |
| Amounts receivable within one year | 40/41 | €46,107 | €26,948 | -€19,159 | -41.6% |
| Trade receivables | 40 | - | €10,754 | +€10,754 | |
| Other amounts receivable | 41 | €46,107 | €16,194 | -€29,913 | -64.9% |
| Cash at bank and in hand | 54/58 | €4,757 | €37,810 | +€33,053 | +695% |
| Total equity and liabilities | 10/49 | €115,864 | €129,758 | +€13,894 | +12.0% |
| Equity | 10/15 | €41,349 | €55,373 | +€14,024 | +33.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €24,349 | €50,373 | +€26,024 | +107% |
| Distributable reserves | 133 | €24,349 | €50,373 | +€26,024 | +107% |
| Profit (loss) carried forward | 14 | €12,000 | €0 | -€12,000 | -100% |
| Amounts payable | 17/49 | €74,515 | €74,385 | -€130 | -0.2% |
| Amounts payable after more than one year | 17 | €47,318 | €40,911 | -€6,407 | -13.5% |
| Financial debts | 170/4 | €47,318 | €40,911 | -€6,407 | -13.5% |
| Amounts payable within one year | 42/48 | €27,147 | €33,424 | +€6,277 | +23.1% |
| Current portion of amounts payable after more than one year | 42 | €6,144 | €6,407 | +€263 | +4.3% |
| Trade debts | 44 | €12,271 | €3,203 | -€9,067 | -73.9% |
| Suppliers | 440/4 | €12,271 | €3,203 | -€9,067 | -73.9% |
| Taxes, remuneration and social security | 45 | €8,733 | €13,734 | +€5,001 | +57.3% |
| Taxes | 450/3 | €8,689 | €13,734 | +€5,045 | +58.1% |
| Remuneration and social security | 454/9 | €44 | €0 | -€44 | -100% |
| Other amounts payable | 47/48 | €0 | €10,080 | +€10,080 | |
| Accrued charges and deferred income | 492/3 | €50 | €50 | = | 0.0% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €4,345 | €5,673 | +€1,328 | +30.6% |
| Operating profit (loss) | 9901 | €4,227 | €5,553 | +€1,326 | +31.4% |
| Financial income | 75/76B | €46,000 | €36,284 | -€9,716 | -21.1% |
| Recurring financial income | 75 | €46,000 | €36,284 | -€9,716 | -21.1% |
| Financial charges | 65/66B | €2,004 | €1,752 | -€252 | -12.6% |
| Recurring financial charges | 65 | €2,004 | €1,752 | -€252 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | €48,222 | €40,084 | -€8,138 | -16.9% |
| Income taxes | 67/77 | €4,532 | €5,060 | +€528 | +11.7% |
| Profit (loss) for the period | 9904 | €43,690 | €35,024 | -€8,666 | -19.8% |
| Profit (loss) for the period to be appropriated | 9905 | €43,690 | €35,024 | -€8,666 | -19.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.