V-PRO: what changed
V-PRO
Largest movements
- Cash -€63,292
down €63,292 (-80.4%), from €78,741 to €15,449
mainly Debts after one year (-€42,857) and Other debts (-€28,984)
- Tangible fixed assets +€14,736
up €14,736 (+612%), from €2,407 to €17,143
of which Furniture and vehicles: +€15,059
- Debts after one year -€42,857
down €42,857 (-21.8%), from €196,429 to €153,571
- Reserves +€33,947
up €33,947 (+14.3%), from €236,631 to €270,577
- Other debts -€28,984
down €28,984 (-28.4%), from €102,012 to €73,028
- Gross operating margin +€15,886
up €15,886 (+30.2%), from €52,590 to €68,476
- Taxes +€4,818
up €4,818 (+36.0%), from €13,381 to €18,198
- Depreciation +€1,424
up €1,424 (+53.3%), from €2,674 to €4,098
- Financial charges -€1,261
down €1,261 (-9.4%), from €13,397 to €12,137
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 | €609,298 | €563,864 | -€45,434 | -7.5% |
| Fixed assets | 21/28 | €512,407 | €527,143 | +€14,736 | +2.9% |
| Tangible fixed assets | 22/27 | €2,407 | €17,143 | +€14,736 | +612% |
| Land and buildings | 22 | €2,037 | €1,714 | -€323 | -15.9% |
| Furniture and vehicles | 24 | €370 | €15,429 | +€15,059 | +4,072% |
| Financial fixed assets | 28 | €510,000 | €510,000 | = | 0.0% |
| Current assets | 29/58 | €96,891 | €36,721 | -€60,170 | -62.1% |
| Amounts receivable within one year | 40/41 | €18,150 | €21,272 | +€3,122 | +17.2% |
| Trade receivables | 40 | €18,150 | €19,400 | +€1,250 | +6.9% |
| Other amounts receivable | 41 | - | €1,872 | +€1,872 | |
| Cash at bank and in hand | 54/58 | €78,741 | €15,449 | -€63,292 | -80.4% |
| Total equity and liabilities | 10/49 | €609,298 | €563,864 | -€45,434 | -7.5% |
| Equity | 10/15 | €255,181 | €289,127 | +€33,947 | +13.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €236,631 | €270,577 | +€33,947 | +14.3% |
| Distributable reserves | 133 | €236,631 | €270,577 | +€33,947 | +14.3% |
| Amounts payable | 17/49 | €354,117 | €274,737 | -€79,381 | -22.4% |
| Amounts payable after more than one year | 17 | €196,429 | €153,571 | -€42,857 | -21.8% |
| Financial debts | 170/4 | €196,429 | €153,571 | -€42,857 | -21.8% |
| Amounts payable within one year | 42/48 | €157,689 | €121,165 | -€36,524 | -23.2% |
| Current portion of amounts payable after more than one year | 42 | €42,857 | €42,857 | = | 0.0% |
| Trade debts | 44 | €5,215 | €1,448 | -€3,767 | -72.2% |
| Suppliers | 440/4 | €5,215 | €1,448 | -€3,767 | -72.2% |
| Taxes, remuneration and social security | 45 | €7,604 | €3,832 | -€3,772 | -49.6% |
| Taxes | 450/3 | €7,604 | €3,832 | -€3,772 | -49.6% |
| Other amounts payable | 47/48 | €102,012 | €73,028 | -€28,984 | -28.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,674 | €4,098 | +€1,424 | +53.3% |
| Other operating charges | 640/8 | €189 | €329 | +€140 | +74.1% |
| Gross operating margin | 9900 | €52,590 | €68,476 | +€15,886 | +30.2% |
| Operating profit (loss) | 9901 | €49,727 | €64,048 | +€14,322 | +28.8% |
| Financial income | 75/76B | - | €233 | +€233 | |
| Recurring financial income | 75 | - | €233 | +€233 | |
| Financial charges | 65/66B | €13,397 | €12,137 | -€1,261 | -9.4% |
| Recurring financial charges | 65 | €13,397 | €12,137 | -€1,261 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | €36,329 | €52,145 | +€15,815 | +43.5% |
| Income taxes | 67/77 | €13,381 | €18,198 | +€4,818 | +36.0% |
| Profit (loss) for the period | 9904 | €22,949 | €33,947 | +€10,998 | +47.9% |
| Profit (loss) for the period to be appropriated | 9905 | €22,949 | €33,947 | +€10,998 | +47.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.