V.L.P. Projects: what changed
Two fiscal 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.L.P. Projects
Largest movements
- Tangible fixed assets +€52,330
up €52,330 (+493.9%), from €10,596 to €62,926
of which Furniture and vehicles: +€50,797
- Cash +€3,919
up €3,919 (+15.4%), from €25,482 to €29,401
mainly Net result for the year (+€24,622) and Debts after one year (+€20,426)
- Deferred charges and accrued income +€1,304
up €1,304 (+1704.9%), from €76 to €1,380
- Receivables within one year +€1,213
up €1,213 (+29.7%), from €4,081 to €5,294
of which Other amounts receivable: +€2,310
- Profit (loss) carried forward +€24,622
up €24,622 (+129.8%), from €18,969 to €43,591
- Debts after one year +€20,426
up €20,426 (+1347.1%), from €1,516 to €21,943
- Current portion of long-term debt +€6,865
up €6,865 (+276.0%), from €2,487 to €9,353
- Trade debts +€6,582
up €6,582 (+1218.1%), from €540 to €7,123
- Tax, wage and social debts +€2,147
up €2,147 (+45.7%), from €4,700 to €6,847
- Gross operating margin +€14,187
up €14,187 (+55.9%), from €25,377 to €39,564
- Depreciation +€6,240
up €6,240 (+596.5%), from €1,046 to €7,286
- Taxes +€2,157
up €2,157 (+45.9%), from €4,700 to €6,857
- Financial charges +€563
up €563 (+239.2%), from €235 to €799
- Other operating charges -€427
no longer reported in 2025 (was €427)
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 | €40,235 | €99,002 | +€58,767 | +146.1% |
| Fixed assets | 21/28 | €10,596 | €62,926 | +€52,330 | +493.9% |
| Tangible fixed assets | 22/27 | €10,596 | €62,926 | +€52,330 | +493.9% |
| Plant, machinery and equipment | 23 | €2,284 | €3,818 | +€1,533 | +67.1% |
| Furniture and vehicles | 24 | €8,312 | €59,109 | +€50,797 | +611.1% |
| Current assets | 29/58 | €29,639 | €36,075 | +€6,437 | +21.7% |
| Amounts receivable within one year | 40/41 | €4,081 | €5,294 | +€1,213 | +29.7% |
| Trade receivables | 40 | €2,803 | €1,706 | -€1,097 | -39.1% |
| Other amounts receivable | 41 | €1,277 | €3,588 | +€2,310 | +180.9% |
| Cash at bank and in hand | 54/58 | €25,482 | €29,401 | +€3,919 | +15.4% |
| Deferred charges and accrued income | 490/1 | €76 | €1,380 | +€1,304 | +1704.9% |
| Total equity and liabilities | 10/49 | €40,235 | €99,002 | +€58,767 | +146.1% |
| Equity | 10/15 | €21,969 | €46,591 | +€24,622 | +112.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,969 | €43,591 | +€24,622 | +129.8% |
| Amounts payable | 17/49 | €18,266 | €52,411 | +€34,145 | +186.9% |
| Amounts payable after more than one year | 17 | €1,516 | €21,943 | +€20,426 | +1347.1% |
| Financial debts | 170/4 | €1,516 | €21,943 | +€20,426 | +1347.1% |
| Amounts payable within one year | 42/48 | €16,750 | €30,468 | +€13,718 | +81.9% |
| Current portion of amounts payable after more than one year | 42 | €2,487 | €9,353 | +€6,865 | +276.0% |
| Trade debts | 44 | €540 | €7,123 | +€6,582 | +1218.1% |
| Suppliers | 440/4 | €540 | €7,123 | +€6,582 | +1218.1% |
| Taxes, remuneration and social security | 45 | €4,700 | €6,847 | +€2,147 | +45.7% |
| Taxes | 450/3 | €4,700 | €6,847 | +€2,147 | +45.7% |
| Other amounts payable | 47/48 | €9,022 | €7,146 | -€1,876 | -20.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,046 | €7,286 | +€6,240 | +596.5% |
| Other operating charges | 640/8 | €427 | - | -€427 | |
| Gross operating margin | 9900 | €25,377 | €39,564 | +€14,187 | +55.9% |
| Operating profit (loss) | 9901 | €23,904 | €32,278 | +€8,374 | +35.0% |
| Financial income | 75/76B | €0 | €0 | +€0 | +118.2% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +118.2% |
| Financial charges | 65/66B | €235 | €799 | +€563 | +239.2% |
| Recurring financial charges | 65 | €235 | €799 | +€563 | +239.2% |
| Profit (loss) for the period before taxes | 9903 | €23,669 | €31,480 | +€7,811 | +33.0% |
| Income taxes | 67/77 | €4,700 | €6,857 | +€2,157 | +45.9% |
| Profit (loss) for the period | 9904 | €18,969 | €24,622 | +€5,654 | +29.8% |
| Profit (loss) for the period to be appropriated | 9905 | €18,969 | €24,622 | +€5,654 | +29.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.