V & V: what changed
What changed
V & V
filed annual accounts (NBB)
Net result for the year
-€4,813
2024 · -€6,934+€2,121
Equity
-€29,494
2024 · -€24,681-€4,813
Cash
€2,224
2024 · €1,151+€1,073
Balance sheet total
€231,630
2024 · €237,891-€6,261
Largest movements
Assets
- Tangible fixed assets -€7,333
down €7,333 (-3.1%), from €236,740 to €229,407
Equity and liabilities
- Profit (loss) carried forward -€4,813
down €4,813 (-9.7%), from -€49,830 to -€54,643
Income statement
- Gross operating margin +€2,203
up €2,203 (+127%), from €1,734 to €3,937
- Other operating charges +€86
up €86 (+6.7%), from €1,286 to €1,372
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.
Result 2024
-€6,934
Gross operating margin
+€2,203
Other operating charges
-€86
Financial charges
+€4
Result 2025
-€4,813
raises the resultlowers the result
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.
From operations
+€1,073
Investment
€0
Financing
€0
Cash 2024
€1,151
From operations (derived)
+€1,073
Net result for the year
-€4,813
Depreciation
+€7,333
Other debts
-€1,448
Cash 2025
€2,224
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €237,891 | €231,630 | -€6,261 | -2.6% |
| Fixed assets | 21/28 | €236,740 | €229,407 | -€7,333 | -3.1% |
| Tangible fixed assets | 22/27 | €236,740 | €229,407 | -€7,333 | -3.1% |
| Land and buildings | 22 | €236,740 | €229,407 | -€7,333 | -3.1% |
| Current assets | 29/58 | €1,151 | €2,224 | +€1,073 | +93.2% |
| Cash at bank and in hand | 54/58 | €1,151 | €2,224 | +€1,073 | +93.2% |
| Total equity and liabilities | 10/49 | €237,891 | €231,630 | -€6,261 | -2.6% |
| Equity | 10/15 | -€24,681 | -€29,494 | -€4,813 | -19.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €6,557 | €6,557 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,003 | €1,003 | = | 0.0% |
| Legal reserve | 130 | €1,003 | €1,003 | = | 0.0% |
| Distributable reserves | 133 | €5,554 | €5,554 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,830 | -€54,643 | -€4,813 | -9.7% |
| Amounts payable | 17/49 | €262,572 | €261,124 | -€1,448 | -0.6% |
| Amounts payable within one year | 42/48 | €262,572 | €261,124 | -€1,448 | -0.6% |
| Other amounts payable | 47/48 | €262,572 | €261,124 | -€1,448 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,333 | €7,333 | = | 0.0% |
| Other operating charges | 640/8 | €1,286 | €1,372 | +€86 | +6.7% |
| Gross operating margin | 9900 | €1,734 | €3,937 | +€2,203 | +127% |
| Operating profit (loss) | 9901 | -€6,885 | -€4,768 | +€2,118 | +30.8% |
| Financial charges | 65/66B | €49 | €45 | -€4 | -7.2% |
| Recurring financial charges | 65 | €49 | €45 | -€4 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | -€6,934 | -€4,813 | +€2,121 | +30.6% |
| Profit (loss) for the period | 9904 | -€6,934 | -€4,813 | +€2,121 | +30.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,934 | -€4,813 | +€2,121 | +30.6% |
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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 6 November 2026 via checked.be.