V V 1: 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 V 1
Largest movements
- Receivables within one year +€11,162
up €11,162 (+53.7%), from €20,787 to €31,949
of which Trade receivables: +€8,534
- Cash -€9,065
down €9,065 (-90.1%), from €10,057 to €991
mainly Receivables within one year (-€11,162) and Net result for the year (-€4,199)
- Tangible fixed assets -€1,319
down €1,319 (-93.6%), from €1,409 to €90
- Debts after one year +€7,000
new in 2025: €7,000
- Reserves -€4,199
down €4,199 (-24.5%), from €17,157 to €12,959
- Tax, wage and social debts -€2,023
down €2,023 (-65.8%), from €3,074 to €1,051
- Purchases and services +€3,237
up €3,237 (+89.7%), from €3,608 to €6,845
- Gross operating margin -€2,698
down €2,698, from €1,213 to -€1,485
- Turnover +€2,410
up €2,410 (+100.4%), from €2,400 to €4,810
- Depreciation -€1,679
down €1,679 (-56.0%), from €2,998 to €1,319
- Other operating charges +€687
up €687 (+177.3%), from €387 to €1,074
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 | €32,392 | €33,170 | +€778 | +2.4% |
| Fixed assets | 21/28 | €1,409 | €90 | -€1,319 | -93.6% |
| Tangible fixed assets | 22/27 | €1,409 | €90 | -€1,319 | -93.6% |
| Furniture and vehicles | 24 | €1,409 | €90 | -€1,319 | -93.6% |
| Current assets | 29/58 | €30,983 | €33,080 | +€2,097 | +6.8% |
| Amounts receivable within one year | 40/41 | €20,787 | €31,949 | +€11,162 | +53.7% |
| Trade receivables | 40 | €9,140 | €17,674 | +€8,534 | +93.4% |
| Other amounts receivable | 41 | €11,647 | €14,275 | +€2,628 | +22.6% |
| Cash at bank and in hand | 54/58 | €10,057 | €991 | -€9,065 | -90.1% |
| Deferred charges and accrued income | 490/1 | €140 | €140 | = | 0.0% |
| Total equity and liabilities | 10/49 | €32,392 | €33,170 | +€778 | +2.4% |
| Equity | 10/15 | €29,318 | €25,119 | -€4,199 | -14.3% |
| Contributions | 10/11 | €12,160 | €12,160 | = | 0.0% |
| Reserves | 13 | €17,157 | €12,959 | -€4,199 | -24.5% |
| Distributable reserves | 133 | €17,157 | €12,959 | -€4,199 | -24.5% |
| Amounts payable | 17/49 | €3,074 | €8,051 | +€4,977 | +161.9% |
| Amounts payable after more than one year | 17 | - | €7,000 | +€7,000 | |
| Financial debts | 170/4 | - | €7,000 | +€7,000 | |
| Amounts payable within one year | 42/48 | €3,074 | €1,051 | -€2,023 | -65.8% |
| Taxes, remuneration and social security | 45 | €3,074 | €1,051 | -€2,023 | -65.8% |
| Taxes | 450/3 | €3,074 | €1,051 | -€2,023 | -65.8% |
| Turnover | 70 | €2,400 | €4,810 | +€2,410 | +100.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €3,608 | €6,845 | +€3,237 | +89.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,998 | €1,319 | -€1,679 | -56.0% |
| Other operating charges | 640/8 | €387 | €1,074 | +€687 | +177.3% |
| Gross operating margin | 9900 | €1,213 | -€1,485 | -€2,698 | |
| Operating profit (loss) | 9901 | -€2,173 | -€3,878 | -€1,706 | -78.5% |
| Financial charges | 65/66B | €223 | €320 | +€97 | +43.6% |
| Recurring financial charges | 65 | €223 | €320 | +€97 | +43.6% |
| Profit (loss) for the period before taxes | 9903 | -€2,396 | -€4,199 | -€1,803 | -75.3% |
| Income taxes | 67/77 | €174 | - | -€174 | |
| Profit (loss) for the period | 9904 | -€2,570 | -€4,199 | -€1,628 | -63.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,570 | -€4,199 | -€1,628 | -63.4% |
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 10 October 2026 via checked.be.