V-LIFT: 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-LIFT
Largest movements
- Current investments -€28,585
down €28,585 (-57.6%), from €49,662 to €21,077
- Receivables within one year -€4,304
down €4,304 (-7.6%), from €56,792 to €52,488
of which Other amounts receivable: -€11,295
- Cash +€3,959
up €3,959 (+30.2%), from €13,095 to €17,054
mainly Current investments (+€28,585) and Receivables within one year (+€4,304)
- Tangible fixed assets -€3,787
down €3,787 (-49.4%), from €7,659 to €3,872
of which Furniture and vehicles: -€2,687
- Deferred charges and accrued income +€1,735
up €1,735 (+38.1%), from €4,555 to €6,290
- Debts after one year -€10,949
down €10,949 (-60.5%), from €18,093 to €7,145
- Current portion of long-term debt -€10,920
down €10,920 (-78.7%), from €13,883 to €2,963
- Other debts -€4,524
down €4,524 (-89.4%), from €5,061 to €537
- Trade debts -€4,410
down €4,410 (-62.2%), from €7,093 to €2,683
- Tax, wage and social debts -€1,433
down €1,433 (-11.7%), from €12,254 to €10,821
of which Taxes: -€3,312
- Other operating charges -€20,967
down €20,967 (-85.7%), from €24,454 to €3,486
- Gross operating margin -€12,676
down €12,676 (-12.3%), from €103,411 to €90,735
- Staff costs +€9,168
up €9,168 (+16.5%), from €55,514 to €64,682
- Taxes -€4,323
down €4,323 (-56.6%), from €7,638 to €3,315
- Financial charges +€1,223
up €1,223 (+18.0%), from €6,781 to €8,004
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 | €131,762 | €100,780 | -€30,983 | -23.5% |
| Fixed assets | 21/28 | €7,659 | €3,872 | -€3,787 | -49.4% |
| Tangible fixed assets | 22/27 | €7,659 | €3,872 | -€3,787 | -49.4% |
| Plant, machinery and equipment | 23 | €3,496 | €2,396 | -€1,100 | -31.5% |
| Furniture and vehicles | 24 | €4,164 | €1,477 | -€2,687 | -64.5% |
| Current assets | 29/58 | €124,103 | €96,907 | -€27,196 | -21.9% |
| Amounts receivable within one year | 40/41 | €56,792 | €52,488 | -€4,304 | -7.6% |
| Trade receivables | 40 | €37,206 | €44,197 | +€6,991 | +18.8% |
| Other amounts receivable | 41 | €19,586 | €8,291 | -€11,295 | -57.7% |
| Current investments | 50/53 | €49,662 | €21,077 | -€28,585 | -57.6% |
| Cash at bank and in hand | 54/58 | €13,095 | €17,054 | +€3,959 | +30.2% |
| Deferred charges and accrued income | 490/1 | €4,555 | €6,290 | +€1,735 | +38.1% |
| Total equity and liabilities | 10/49 | €131,762 | €100,780 | -€30,983 | -23.5% |
| Equity | 10/15 | €75,378 | €76,631 | +€1,253 | +1.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €22,923 | €22,923 | = | 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% |
| Distributable reserves | 133 | €21,063 | €21,063 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,256 | €47,509 | +€1,253 | +2.7% |
| Amounts payable | 17/49 | €56,384 | €24,149 | -€32,236 | -57.2% |
| Amounts payable after more than one year | 17 | €18,093 | €7,145 | -€10,949 | -60.5% |
| Financial debts | 170/4 | €18,093 | €7,145 | -€10,949 | -60.5% |
| Amounts payable within one year | 42/48 | €38,291 | €17,004 | -€21,287 | -55.6% |
| Current portion of amounts payable after more than one year | 42 | €13,883 | €2,963 | -€10,920 | -78.7% |
| Trade debts | 44 | €7,093 | €2,683 | -€4,410 | -62.2% |
| Suppliers | 440/4 | €7,093 | €2,683 | -€4,410 | -62.2% |
| Taxes, remuneration and social security | 45 | €12,254 | €10,821 | -€1,433 | -11.7% |
| Taxes | 450/3 | €8,808 | €5,496 | -€3,312 | -37.6% |
| Remuneration and social security | 454/9 | €3,446 | €5,325 | +€1,879 | +54.5% |
| Other amounts payable | 47/48 | €5,061 | €537 | -€4,524 | -89.4% |
| Non-recurring operating income | 76A | €34,296 | €14,510 | -€19,786 | -57.7% |
| Remuneration, social security and pensions | 62 | €55,514 | €64,682 | +€9,168 | +16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,370 | €1,554 | +€184 | +13.4% |
| Other operating charges | 640/8 | €24,454 | €3,486 | -€20,967 | -85.7% |
| Non-recurring operating charges | 66A | €6,183 | €9,821 | +€3,638 | +58.8% |
| Gross operating margin | 9900 | €103,411 | €90,735 | -€12,676 | -12.3% |
| Operating profit (loss) | 9901 | €15,891 | €11,192 | -€4,699 | -29.6% |
| Financial income | 75/76B | €1,347 | €1,380 | +€33 | +2.4% |
| Recurring financial income | 75 | €1,347 | €1,380 | +€33 | +2.4% |
| Financial charges | 65/66B | €6,781 | €8,004 | +€1,223 | +18.0% |
| Recurring financial charges | 65 | €6,781 | €8,004 | +€1,223 | +18.0% |
| Profit (loss) for the period before taxes | 9903 | €10,457 | €4,568 | -€5,889 | -56.3% |
| Income taxes | 67/77 | €7,638 | €3,315 | -€4,323 | -56.6% |
| Profit (loss) for the period | 9904 | €2,819 | €1,253 | -€1,566 | -55.6% |
| Profit (loss) for the period to be appropriated | 9905 | €2,819 | €1,253 | -€1,566 | -55.6% |
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 30 October 2026 via checked.be.