V.S. & PARTNERS: 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. & PARTNERS
Largest movements
- Receivables within one year +€45,825
up €45,825 (+61.4%), from €74,652 to €120,477
of which Other amounts receivable: +€41,905
- Cash +€9,273
up €9,273 (+36.9%), from €25,147 to €34,420
mainly Net result for the year (+€34,359) and Other debts (+€32,105)
- Profit (loss) carried forward +€34,359
up €34,359 (+68.6%), from -€50,076 to -€15,717
- Other debts +€32,105
up €32,105 (+46.3%), from €69,378 to €101,483
- Trade debts -€23,347
down €23,347 (-66.5%), from €35,097 to €11,750
- Tax, wage and social debts +€9,420
up €9,420 (+49.8%), from €18,914 to €28,334
of which Taxes: +€9,386
- Turnover -€271,647
no longer reported in 2025 (was €271,647)
- Purchases and services -€188,643
no longer reported in 2025 (was €188,643)
- Gross operating margin +€65,967
up €65,967 (+79.5%), from €83,004 to €148,971
- Other operating charges -€6,547
down €6,547 (-94.5%), from €6,929 to €382
- Taxes +€2,972
up €2,972 (+1,748%), from €170 to €3,142
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 | €104,423 | €158,460 | +€54,037 | +51.7% |
| Fixed assets | 21/28 | €4,239 | €3,564 | -€675 | -15.9% |
| Tangible fixed assets | 22/27 | €4,239 | €3,564 | -€675 | -15.9% |
| Other tangible fixed assets | 26 | €4,239 | €3,564 | -€675 | -15.9% |
| Current assets | 29/58 | €100,184 | €154,896 | +€54,712 | +54.6% |
| Amounts receivable within one year | 40/41 | €74,652 | €120,477 | +€45,825 | +61.4% |
| Trade receivables | 40 | €74,648 | €78,568 | +€3,920 | +5.3% |
| Other amounts receivable | 41 | €4 | €41,909 | +€41,905 | +1,047,625% |
| Cash at bank and in hand | 54/58 | €25,147 | €34,420 | +€9,273 | +36.9% |
| Deferred charges and accrued income | 490/1 | €385 | €0 | -€385 | -100% |
| Total equity and liabilities | 10/49 | €104,423 | €158,460 | +€54,037 | +51.7% |
| Equity | 10/15 | -€18,966 | €15,393 | +€34,359 | |
| Contributions | 10/11 | €22,310 | €22,310 | +€0 | 0.0% |
| Reserves | 13 | €8,800 | €8,800 | = | 0.0% |
| Distributable reserves | 133 | €8,800 | €8,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,076 | -€15,717 | +€34,359 | +68.6% |
| Amounts payable | 17/49 | €123,389 | €143,067 | +€19,678 | +15.9% |
| Amounts payable within one year | 42/48 | €123,389 | €141,567 | +€18,178 | +14.7% |
| Trade debts | 44 | €35,097 | €11,750 | -€23,347 | -66.5% |
| Suppliers | 440/4 | €35,097 | €11,750 | -€23,347 | -66.5% |
| Taxes, remuneration and social security | 45 | €18,914 | €28,334 | +€9,420 | +49.8% |
| Taxes | 450/3 | €2,503 | €11,889 | +€9,386 | +375% |
| Remuneration and social security | 454/9 | €16,411 | €16,445 | +€34 | +0.2% |
| Other amounts payable | 47/48 | €69,378 | €101,483 | +€32,105 | +46.3% |
| Accrued charges and deferred income | 492/3 | - | €1,500 | +€1,500 | |
| Turnover | 70 | €271,647 | - | -€271,647 | |
| Goods, raw materials, services and sundry goods | 60/61 | €188,643 | - | -€188,643 | |
| Remuneration, social security and pensions | 62 | €108,981 | €110,894 | +€1,913 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €909 | €675 | -€234 | -25.7% |
| Other operating charges | 640/8 | €6,929 | €382 | -€6,547 | -94.5% |
| Gross operating margin | 9900 | €83,004 | €148,971 | +€65,967 | +79.5% |
| Operating profit (loss) | 9901 | -€33,815 | €37,020 | +€70,835 | |
| Financial income | 75/76B | - | €975 | +€975 | |
| Recurring financial income | 75 | - | €975 | +€975 | |
| Financial charges | 65/66B | €2,296 | €495 | -€1,801 | -78.4% |
| Recurring financial charges | 65 | €2,296 | €495 | -€1,801 | -78.4% |
| Profit (loss) for the period before taxes | 9903 | -€36,111 | €37,500 | +€73,611 | |
| Income taxes | 67/77 | €170 | €3,142 | +€2,972 | +1,748% |
| Profit (loss) for the period | 9904 | -€36,281 | €34,359 | +€70,640 | |
| Profit (loss) for the period to be appropriated | 9905 | -€36,281 | €34,359 | +€70,640 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.