V.S. INDUSTRIES: 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.S. INDUSTRIES
Largest movements
- Tangible fixed assets +€13,150
up €13,150 (+69.8%), from €18,837 to €31,987
of which Furniture and vehicles: +€13,150
- Receivables within one year +€3,895
up €3,895 (+58.8%), from €6,626 to €10,521
of which Other amounts receivable: +€3,895
- Profit (loss) carried forward +€21,894
no longer reported in 2025 (was -€21,894)
- Debts after one year -€21,000
no longer reported in 2025 (was €21,000)
- Reserves +€11,344
up €11,344 (+610%), from €1,860 to €13,204
- Tax, wage and social debts +€7,863
up €7,863 (+15,514%), from €51 to €7,913
- Other debts -€4,524
no longer reported in 2025 (was €4,524)
- Gross operating margin +€38,525
up €38,525 (+989%), from €3,897 to €42,422
- Taxes +€7,879
up €7,879, from -€11 to €7,867
- Depreciation +€592
new in 2025: €592
- Other operating charges +€538
up €538 (+552%), from €98 to €636
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 | €25,474 | €42,729 | +€17,254 | +67.7% |
| Fixed assets | 21/28 | €18,837 | €31,987 | +€13,150 | +69.8% |
| Tangible fixed assets | 22/27 | €18,837 | €31,987 | +€13,150 | +69.8% |
| Land and buildings | 22 | €18,837 | €18,837 | = | 0.0% |
| Furniture and vehicles | 24 | - | €13,150 | +€13,150 | |
| Current assets | 29/58 | €6,638 | €10,742 | +€4,105 | +61.8% |
| Amounts receivable within one year | 40/41 | €6,626 | €10,521 | +€3,895 | +58.8% |
| Trade receivables | 40 | €6,244 | €6,244 | = | 0.0% |
| Other amounts receivable | 41 | €382 | €4,277 | +€3,895 | +1,020% |
| Cash at bank and in hand | 54/58 | €12 | €221 | +€209 | +1,744% |
| Total equity and liabilities | 10/49 | €25,474 | €42,729 | +€17,254 | +67.7% |
| Equity | 10/15 | -€1,434 | €31,804 | +€33,238 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €13,204 | +€11,344 | +610% |
| Distributable reserves | 133 | €1,860 | €13,204 | +€11,344 | +610% |
| Profit (loss) carried forward | 14 | -€21,894 | - | +€21,894 | |
| Amounts payable | 17/49 | €26,909 | €10,925 | -€15,984 | -59.4% |
| Amounts payable after more than one year | 17 | €21,000 | - | -€21,000 | |
| Financial debts | 170/4 | €21,000 | - | -€21,000 | |
| Amounts payable within one year | 42/48 | €5,909 | €10,925 | +€5,016 | +84.9% |
| Trade debts | 44 | €1,334 | €3,011 | +€1,677 | +126% |
| Suppliers | 440/4 | €1,334 | €3,011 | +€1,677 | +126% |
| Taxes, remuneration and social security | 45 | €51 | €7,913 | +€7,863 | +15,514% |
| Taxes | 450/3 | €51 | €7,913 | +€7,863 | +15,514% |
| Other amounts payable | 47/48 | €4,524 | - | -€4,524 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €592 | +€592 | |
| Other operating charges | 640/8 | €98 | €636 | +€538 | +552% |
| Gross operating margin | 9900 | €3,897 | €42,422 | +€38,525 | +989% |
| Operating profit (loss) | 9901 | €3,799 | €41,194 | +€37,395 | +984% |
| Financial charges | 65/66B | €41 | €88 | +€48 | +117% |
| Recurring financial charges | 65 | €41 | €88 | +€48 | +117% |
| Profit (loss) for the period before taxes | 9903 | €3,759 | €41,106 | +€37,347 | +994% |
| Income taxes | 67/77 | -€11 | €7,867 | +€7,879 | |
| Profit (loss) for the period | 9904 | €3,770 | €33,238 | +€29,468 | +782% |
| Profit (loss) for the period to be appropriated | 9905 | €3,770 | €33,238 | +€29,468 | +782% |
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 28 October 2026 via checked.be.