V-SOLUTIONS: what changed
Two fiscal 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-SOLUTIONS
Largest movements
- Receivables within one year +€29,026
up €29,026 (+142.7%), from €20,338 to €49,364
of which Trade receivables: +€18,765
- Tangible fixed assets +€23,060
up €23,060 (+467.5%), from €4,933 to €27,992
of which Other tangible fixed assets: +€17,056
- Cash -€5,512
down €5,512 (-35.5%), from €15,507 to €9,995
mainly Receivables within one year (-€29,026) and Investment in fixed assets (net) (-€27,589)
- Reserves +€27,488
up €27,488 (+136.2%), from €20,178 to €47,666
- Debts after one year +€12,000
new in 2025: €12,000
- Tax, wage and social debts +€10,299
up €10,299 (+102.5%), from €10,043 to €20,343
of which Taxes: +€7,655
- Trade debts -€2,569
down €2,569 (-26.6%), from €9,643 to €7,074
- Other debts -€1,718
down €1,718 (-100.0%), from €1,718 to €0
- Gross operating margin +€8,250
up €8,250 (+25.7%), from €32,047 to €40,297
- Depreciation +€4,461
up €4,461 (+6582.0%), from €68 to €4,529
- Taxes +€1,977
up €1,977 (+35.0%), from €5,643 to €7,619
- Other operating charges -€603
down €603 (-53.7%), from €1,123 to €520
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.
Cash bridge derived
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 | €44,082 | €89,883 | +€45,801 | +103.9% |
| Fixed assets | 21/28 | €4,933 | €27,992 | +€23,060 | +467.5% |
| Tangible fixed assets | 22/27 | €4,933 | €27,992 | +€23,060 | +467.5% |
| Furniture and vehicles | 24 | €4,933 | €10,936 | +€6,003 | +121.7% |
| Other tangible fixed assets | 26 | - | €17,056 | +€17,056 | |
| Current assets | 29/58 | €39,149 | €61,891 | +€22,742 | +58.1% |
| Amounts receivable within one year | 40/41 | €20,338 | €49,364 | +€29,026 | +142.7% |
| Trade receivables | 40 | €19,366 | €38,132 | +€18,765 | +96.9% |
| Other amounts receivable | 41 | €971 | €11,232 | +€10,261 | +1056.3% |
| Cash at bank and in hand | 54/58 | €15,507 | €9,995 | -€5,512 | -35.5% |
| Deferred charges and accrued income | 490/1 | €3,304 | €2,531 | -€773 | -23.4% |
| Total equity and liabilities | 10/49 | €44,082 | €89,883 | +€45,801 | +103.9% |
| Equity | 10/15 | €22,678 | €50,166 | +€27,488 | +121.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €20,178 | €47,666 | +€27,488 | +136.2% |
| Distributable reserves | 133 | €20,178 | €47,666 | +€27,488 | +136.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €21,404 | €39,717 | +€18,313 | +85.6% |
| Amounts payable after more than one year | 17 | - | €12,000 | +€12,000 | |
| Financial debts | 170/4 | - | €12,000 | +€12,000 | |
| Amounts payable within one year | 42/48 | €21,404 | €27,417 | +€6,013 | +28.1% |
| Trade debts | 44 | €9,643 | €7,074 | -€2,569 | -26.6% |
| Suppliers | 440/4 | €9,643 | €7,074 | -€2,569 | -26.6% |
| Taxes, remuneration and social security | 45 | €10,043 | €20,343 | +€10,299 | +102.5% |
| Taxes | 450/3 | €10,043 | €17,699 | +€7,655 | +76.2% |
| Remuneration and social security | 454/9 | - | €2,644 | +€2,644 | |
| Other amounts payable | 47/48 | €1,718 | €0 | -€1,718 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €300 | +€300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68 | €4,529 | +€4,461 | +6582.0% |
| Other operating charges | 640/8 | €1,123 | €520 | -€603 | -53.7% |
| Gross operating margin | 9900 | €32,047 | €40,297 | +€8,250 | +25.7% |
| Operating profit (loss) | 9901 | €30,857 | €35,249 | +€4,392 | +14.2% |
| Financial income | 75/76B | €204 | €403 | +€199 | +97.2% |
| Recurring financial income | 75 | €204 | €403 | +€199 | +97.2% |
| Financial charges | 65/66B | €717 | €544 | -€173 | -24.2% |
| Recurring financial charges | 65 | €717 | €544 | -€173 | -24.2% |
| Profit (loss) for the period before taxes | 9903 | €30,344 | €35,108 | +€4,764 | +15.7% |
| Income taxes | 67/77 | €5,643 | €7,619 | +€1,977 | +35.0% |
| Profit (loss) for the period | 9904 | €24,702 | €27,488 | +€2,787 | +11.3% |
| Profit (loss) for the period to be appropriated | 9905 | €24,702 | €27,488 | +€2,787 | +11.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.