V.P. REPARATION: what changed
V.P. REPARATION
Largest movements
- Cash +€59,288
up €59,288 (+57.1%), from €103,818 to €163,106
mainly Net result for the year (+€80,716) and Receivables within one year (+€11,506)
- Receivables within one year -€11,506
down €11,506 (-8.8%), from €130,028 to €118,522
of which Trade receivables: -€11,666
- Tangible fixed assets -€5,498
down €5,498 (-50.3%), from €10,928 to €5,430
of which Plant, machinery and equipment: -€4,733
- Profit (loss) carried forward +€80,716
up €80,716 (+71.1%), from €113,503 to €194,219
- Other debts -€27,986
down €27,986 (-51.3%), from €54,597 to €26,611
- Tax, wage and social debts -€12,938
down €12,938 (-75.1%), from €17,225 to €4,287
of which Remuneration and social security: -€9,865
- Trade debts +€6,122
up €6,122 (+538%), from €1,138 to €7,260
- Accrued charges and deferred income -€3,630
down €3,630 (-99.9%), from €3,632 to €2
- Turnover +€67,154
up €67,154 (+35.8%), from €187,377 to €254,531
- Gross operating margin +€34,774
up €34,774 (+61.0%), from €57,044 to €91,818
- Purchases and services +€32,391
up €32,391 (+24.9%), from €130,333 to €162,724
- Financial income +€15,882
new in 2025: €15,882
- Other operating charges -€8,051
down €8,051 (-77.2%), from €10,427 to €2,376
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 | €244,824 | €287,108 | +€42,284 | +17.3% |
| Fixed assets | 21/28 | €10,978 | €5,480 | -€5,498 | -50.1% |
| Tangible fixed assets | 22/27 | €10,928 | €5,430 | -€5,498 | -50.3% |
| Plant, machinery and equipment | 23 | €7,740 | €3,007 | -€4,733 | -61.1% |
| Furniture and vehicles | 24 | €3,188 | €2,423 | -€765 | -24.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €233,846 | €281,628 | +€47,782 | +20.4% |
| Amounts receivable within one year | 40/41 | €130,028 | €118,522 | -€11,506 | -8.8% |
| Trade receivables | 40 | €23,345 | €11,679 | -€11,666 | -50.0% |
| Other amounts receivable | 41 | €106,683 | €106,843 | +€160 | +0.1% |
| Cash at bank and in hand | 54/58 | €103,818 | €163,106 | +€59,288 | +57.1% |
| Total equity and liabilities | 10/49 | €244,824 | €287,108 | +€42,284 | +17.3% |
| Equity | 10/15 | €168,232 | €248,948 | +€80,716 | +48.0% |
| Contributions | 10/11 | €19,837 | €22,521 | +€2,684 | +13.5% |
| Capital | 10 | €19,837 | - | -€19,837 | |
| Issued capital | 100 | €62,000 | - | -€62,000 | |
| Uncalled capital | 101 | €42,163 | - | -€42,163 | |
| Reserves | 13 | €34,892 | €32,208 | -€2,684 | -7.7% |
| Non-distributable reserves | 130/1 | €2,684 | - | -€2,684 | |
| Legal reserve | 130 | €2,684 | - | -€2,684 | |
| Tax-exempt reserves | 132 | €32,208 | €32,208 | = | 0.0% |
| Profit (loss) carried forward | 14 | €113,503 | €194,219 | +€80,716 | +71.1% |
| Amounts payable | 17/49 | €76,592 | €38,160 | -€38,432 | -50.2% |
| Amounts payable within one year | 42/48 | €72,960 | €38,158 | -€34,802 | -47.7% |
| Trade debts | 44 | €1,138 | €7,260 | +€6,122 | +538% |
| Suppliers | 440/4 | €1,138 | €7,260 | +€6,122 | +538% |
| Taxes, remuneration and social security | 45 | €17,225 | €4,287 | -€12,938 | -75.1% |
| Taxes | 450/3 | €3,204 | €131 | -€3,073 | -95.9% |
| Remuneration and social security | 454/9 | €14,021 | €4,156 | -€9,865 | -70.4% |
| Other amounts payable | 47/48 | €54,597 | €26,611 | -€27,986 | -51.3% |
| Accrued charges and deferred income | 492/3 | €3,632 | €2 | -€3,630 | -99.9% |
| Turnover | 70 | €187,377 | €254,531 | +€67,154 | +35.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €130,333 | €162,724 | +€32,391 | +24.9% |
| Remuneration, social security and pensions | 62 | €23,770 | €22,050 | -€1,720 | -7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,760 | €5,498 | -€262 | -4.5% |
| Other operating charges | 640/8 | €10,427 | €2,376 | -€8,051 | -77.2% |
| Gross operating margin | 9900 | €57,044 | €91,818 | +€34,774 | +61.0% |
| Operating profit (loss) | 9901 | €17,087 | €61,894 | +€44,807 | +262% |
| Financial income | 75/76B | - | €15,882 | +€15,882 | |
| Recurring financial income | 75 | - | €15,882 | +€15,882 | |
| Financial charges | 65/66B | €677 | €472 | -€205 | -30.3% |
| Recurring financial charges | 65 | €677 | €472 | -€205 | -30.3% |
| Profit (loss) for the period before taxes | 9903 | €16,410 | €77,304 | +€60,894 | +371% |
| Income taxes | 67/77 | -€2,213 | -€3,412 | -€1,199 | -54.2% |
| Profit (loss) for the period | 9904 | €18,623 | €80,716 | +€62,093 | +333% |
| Profit (loss) for the period to be appropriated | 9905 | €18,623 | €80,716 | +€62,093 | +333% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.