V-Lence 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-Lence Projects
Largest movements
- Receivables within one year -€14,190
down €14,190 (-95.4%), from €14,881 to €691
of which Trade receivables: -€10,727
- Cash -€677
down €677 (-96.0%), from €705 to €28
mainly Other debts (-€11,739) and Trade debts (-€1,898)
- Tangible fixed assets -€325
down €325 (-47.1%), from €690 to €365
- Other debts -€11,739
no longer reported in 2025 (was €11,739)
- Trade debts -€1,898
no longer reported in 2025 (was €1,898)
- Profit (loss) carried forward -€1,358
down €1,358, from €441 to -€916
- Tax, wage and social debts -€198
no longer reported in 2025 (was €198)
- Gross operating margin -€2,069
down €2,069, from €1,091 to -€977
- Financial charges -€632
down €632 (-92.2%), from €686 to €54
- Depreciation +€40
up €40 (+14.0%), from €285 to €325
- Taxes -€17
down €17 (-91.0%), from €19 to €2
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 | €16,276 | €1,084 | -€15,192 | -93.3% |
| Fixed assets | 21/28 | €690 | €365 | -€325 | -47.1% |
| Tangible fixed assets | 22/27 | €690 | €365 | -€325 | -47.1% |
| Furniture and vehicles | 24 | €690 | €365 | -€325 | -47.1% |
| Current assets | 29/58 | €15,586 | €719 | -€14,867 | -95.4% |
| Amounts receivable within one year | 40/41 | €14,881 | €691 | -€14,190 | -95.4% |
| Trade receivables | 40 | €11,418 | €691 | -€10,727 | -93.9% |
| Other amounts receivable | 41 | €3,463 | - | -€3,463 | |
| Cash at bank and in hand | 54/58 | €705 | €28 | -€677 | -96.0% |
| Total equity and liabilities | 10/49 | €16,276 | €1,084 | -€15,192 | -93.3% |
| Equity | 10/15 | €2,441 | €1,084 | -€1,358 | -55.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €441 | -€916 | -€1,358 | |
| Amounts payable | 17/49 | €13,834 | - | -€13,834 | |
| Amounts payable within one year | 42/48 | €13,834 | - | -€13,834 | |
| Trade debts | 44 | €1,898 | - | -€1,898 | |
| Suppliers | 440/4 | €1,898 | - | -€1,898 | |
| Taxes, remuneration and social security | 45 | €198 | - | -€198 | |
| Taxes | 450/3 | €198 | - | -€198 | |
| Other amounts payable | 47/48 | €11,739 | - | -€11,739 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €285 | €325 | +€40 | +14.0% |
| Gross operating margin | 9900 | €1,091 | -€977 | -€2,069 | |
| Operating profit (loss) | 9901 | €807 | -€1,302 | -€2,109 | |
| Financial charges | 65/66B | €686 | €54 | -€632 | -92.2% |
| Recurring financial charges | 65 | €686 | €54 | -€632 | -92.2% |
| Profit (loss) for the period before taxes | 9903 | €121 | -€1,356 | -€1,477 | |
| Income taxes | 67/77 | €19 | €2 | -€17 | -91.0% |
| Profit (loss) for the period | 9904 | €102 | -€1,358 | -€1,459 | |
| Profit (loss) for the period to be appropriated | 9905 | €102 | -€1,358 | -€1,459 |
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.