V.S. COMPANY: what changed
V.S. COMPANY
Largest movements
- Cash +€321,926
up €321,926 (+725%), from €44,400 to €366,326
mainly Current portion of long-term debt (+€340,000) and Current investments (+€200,000)
- Stocks and contracts +€225,596
up €225,596 (+829%), from €27,224 to €252,820
of which Stocks: +€143,100
- Current investments -€200,000
down €200,000 (-99.8%), from €200,500 to €500
- Receivables within one year +€10,725
up €10,725 (+20.2%), from €53,224 to €63,949
of which Trade receivables: +€9,562
- Current portion of long-term debt +€340,000
up €340,000 (+132%), from €257,000 to €597,000
- Trade debts +€18,129
up €18,129 (+400%), from €4,535 to €22,664
- Gross operating margin -€2,995
down €2,995 (-40.2%), from €7,456 to €4,460
- Financial income +€2,447
up €2,447 (+255%), from €961 to €3,408
- Taxes +€826
up €826, from -€13 to €813
- Other operating charges -€188
down €188 (-25.9%), from €725 to €537
- Financial charges +€136
up €136 (+2.5%), from €5,377 to €5,513
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 | €325,348 | €684,227 | +€358,879 | +110% |
| Current assets | 29/58 | €325,348 | €684,227 | +€358,879 | +110% |
| Stocks and contracts in progress | 3 | €27,224 | €252,820 | +€225,596 | +829% |
| Stocks | 30/36 | €18,117 | €161,217 | +€143,100 | +790% |
| Contracts in progress | 37 | €9,107 | €91,603 | +€82,496 | +906% |
| Amounts receivable within one year | 40/41 | €53,224 | €63,949 | +€10,725 | +20.2% |
| Trade receivables | 40 | €19,941 | €29,504 | +€9,562 | +48.0% |
| Other amounts receivable | 41 | €33,282 | €34,445 | +€1,163 | +3.5% |
| Current investments | 50/53 | €200,500 | €500 | -€200,000 | -99.8% |
| Cash at bank and in hand | 54/58 | €44,400 | €366,326 | +€321,926 | +725% |
| Deferred charges and accrued income | 490/1 | - | €632 | +€632 | |
| Total equity and liabilities | 10/49 | €325,348 | €684,227 | +€358,879 | +110% |
| Equity | 10/15 | €55,333 | €56,339 | +€1,006 | +1.8% |
| Contributions | 10/11 | €93,600 | €93,600 | = | 0.0% |
| Reserves | 13 | €73,221 | €73,221 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,000 | €14,000 | = | 0.0% |
| Distributable reserves | 133 | €59,221 | €59,221 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€111,488 | -€110,482 | +€1,006 | +0.9% |
| Amounts payable | 17/49 | €270,015 | €627,888 | +€357,873 | +133% |
| Amounts payable after more than one year | 17 | €7,500 | €7,500 | = | 0.0% |
| Financial debts | 170/4 | €7,500 | €7,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €262,198 | €620,188 | +€357,990 | +137% |
| Current portion of amounts payable after more than one year | 42 | €257,000 | €597,000 | +€340,000 | +132% |
| Trade debts | 44 | €4,535 | €22,664 | +€18,129 | +400% |
| Suppliers | 440/4 | €4,535 | €22,664 | +€18,129 | +400% |
| Other amounts payable | 47/48 | €663 | €524 | -€140 | -21.1% |
| Accrued charges and deferred income | 492/3 | €316 | €200 | -€116 | -36.8% |
| Other operating charges | 640/8 | €725 | €537 | -€188 | -25.9% |
| Non-recurring operating charges | 66A | €800 | - | -€800 | |
| Gross operating margin | 9900 | €7,456 | €4,460 | -€2,995 | -40.2% |
| Operating profit (loss) | 9901 | €5,931 | €3,923 | -€2,008 | -33.9% |
| Financial income | 75/76B | €961 | €3,408 | +€2,447 | +255% |
| Recurring financial income | 75 | €961 | €3,408 | +€2,447 | +255% |
| Financial charges | 65/66B | €5,377 | €5,513 | +€136 | +2.5% |
| Recurring financial charges | 65 | €5,377 | €5,513 | +€136 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | €1,515 | €1,819 | +€303 | +20.0% |
| Income taxes | 67/77 | -€13 | €813 | +€826 | |
| Profit (loss) for the period | 9904 | €1,528 | €1,006 | -€522 | -34.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,528 | €1,006 | -€522 | -34.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.