V & P: 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 & P
Largest movements
- Tangible fixed assets +€46,530
new in 2025: €46,530
of which Furniture and vehicles: +€44,602
- Receivables within one year +€37,300
up €37,300 (+206%), from €18,150 to €55,450
- Cash +€33,742
up €33,742 (+94.4%), from €35,753 to €69,495
mainly Net result for the year (+€85,683) and Tax, wage and social debts (+€32,727)
- Reserves +€85,683
up €85,683 (+297%), from €28,836 to €114,519
- Tax, wage and social debts +€32,727
up €32,727 (+154%), from €21,219 to €53,947
- Gross operating margin +€84,858
up €84,858 (+211%), from €40,222 to €125,080
- Taxes +€22,785
up €22,785 (+208%), from €10,962 to €33,747
- Depreciation +€5,507
new in 2025: €5,507
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 | €53,903 | €171,474 | +€117,572 | +218% |
| Fixed assets | 21/28 | - | €46,530 | +€46,530 | |
| Tangible fixed assets | 22/27 | - | €46,530 | +€46,530 | |
| Plant, machinery and equipment | 23 | - | €1,928 | +€1,928 | |
| Furniture and vehicles | 24 | - | €44,602 | +€44,602 | |
| Current assets | 29/58 | €53,903 | €124,945 | +€71,042 | +132% |
| Amounts receivable within one year | 40/41 | €18,150 | €55,450 | +€37,300 | +206% |
| Trade receivables | 40 | €18,150 | €55,450 | +€37,300 | +206% |
| Cash at bank and in hand | 54/58 | €35,753 | €69,495 | +€33,742 | +94.4% |
| Total equity and liabilities | 10/49 | €53,903 | €171,474 | +€117,572 | +218% |
| Equity | 10/15 | €31,836 | €117,519 | +€85,683 | +269% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €28,836 | €114,519 | +€85,683 | +297% |
| Distributable reserves | 133 | €28,836 | €114,519 | +€85,683 | +297% |
| Amounts payable | 17/49 | €22,067 | €53,955 | +€31,888 | +145% |
| Amounts payable within one year | 42/48 | €22,067 | €53,955 | +€31,888 | +145% |
| Trade debts | 44 | €363 | - | -€363 | |
| Suppliers | 440/4 | €363 | - | -€363 | |
| Taxes, remuneration and social security | 45 | €21,219 | €53,947 | +€32,727 | +154% |
| Taxes | 450/3 | €21,219 | €53,947 | +€32,727 | +154% |
| Other amounts payable | 47/48 | €485 | €9 | -€476 | -98.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €5,507 | +€5,507 | |
| Other operating charges | 640/8 | €387 | - | -€387 | |
| Gross operating margin | 9900 | €40,222 | €125,080 | +€84,858 | +211% |
| Operating profit (loss) | 9901 | €39,834 | €119,573 | +€79,739 | +200% |
| Financial charges | 65/66B | €37 | €143 | +€106 | +286% |
| Recurring financial charges | 65 | €37 | €143 | +€106 | +286% |
| Profit (loss) for the period before taxes | 9903 | €39,797 | €119,430 | +€79,633 | +200% |
| Income taxes | 67/77 | €10,962 | €33,747 | +€22,785 | +208% |
| Profit (loss) for the period | 9904 | €28,836 | €85,683 | +€56,848 | +197% |
| Profit (loss) for the period to be appropriated | 9905 | €28,836 | €85,683 | +€56,848 | +197% |
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 24 October 2026 via checked.be.