V&V: 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&V
Largest movements
- Cash +€134
up €134 (+76.2%), from €176 to €310
mainly Other debts (+€2,322)
- Other debts +€2,322
up €2,322 (+3.1%), from €74,136 to €76,458
- Profit (loss) carried forward -€1,783
down €1,783 (-2.0%), from -€90,663 to -€92,446
- Trade debts -€404
down €404 (-8.1%), from €5,002 to €4,598
- Gross operating margin -€430
down €430 (-65.0%), from -€662 to -€1,092
- Financial income -€105
no longer reported in 2025 (was €105)
- Financial charges -€30
down €30 (-17.1%), from €178 to €147
- Other operating charges +€16
up €16 (+3.0%), from €528 to €544
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 | €876 | €1,010 | +€134 | +15.3% |
| Current assets | 29/58 | €876 | €1,010 | +€134 | +15.3% |
| Amounts receivable within one year | 40/41 | €700 | €700 | = | 0.0% |
| Trade receivables | 40 | €700 | €700 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €176 | €310 | +€134 | +76.2% |
| Total equity and liabilities | 10/49 | €876 | €1,010 | +€134 | +15.3% |
| Equity | 10/15 | -€78,263 | -€80,046 | -€1,783 | -2.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€90,663 | -€92,446 | -€1,783 | -2.0% |
| Amounts payable | 17/49 | €79,139 | €81,056 | +€1,918 | +2.4% |
| Amounts payable within one year | 42/48 | €79,139 | €81,056 | +€1,918 | +2.4% |
| Trade debts | 44 | €5,002 | €4,598 | -€404 | -8.1% |
| Suppliers | 440/4 | €5,002 | €4,598 | -€404 | -8.1% |
| Other amounts payable | 47/48 | €74,136 | €76,458 | +€2,322 | +3.1% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | -€662 | -€1,092 | -€430 | -65.0% |
| Operating profit (loss) | 9901 | -€1,190 | -€1,636 | -€446 | -37.5% |
| Financial income | 75/76B | €105 | - | -€105 | |
| Recurring financial income | 75 | €105 | - | -€105 | |
| Financial charges | 65/66B | €178 | €147 | -€30 | -17.1% |
| Recurring financial charges | 65 | €178 | €147 | -€30 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,262 | -€1,783 | -€521 | -41.3% |
| Profit (loss) for the period | 9904 | -€1,262 | -€1,783 | -€521 | -41.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,262 | -€1,783 | -€521 | -41.3% |
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.