V.V. - INVEST: 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. - INVEST
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Other debts +€10,691
up €10,691 (+11.3%), from €94,731 to €105,421
- Debts after one year -€9,744
down €9,744 (-63.6%), from €15,333 to €5,589
- Gross operating margin -€2,194
down €2,194 (-58.1%), from €3,777 to €1,583
- Other operating charges -€836
down €836 (-31.0%), from €2,700 to €1,864
- Depreciation -€645
down €645 (-21.1%), from €3,058 to €2,412
- Financial charges +€219
up €219 (+38.2%), from €575 to €794
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 | €779,212 | €776,495 | -€2,717 | -0.3% |
| Fixed assets | 21/28 | €778,857 | €776,445 | -€2,412 | -0.3% |
| Tangible fixed assets | 22/27 | €778,857 | €776,445 | -€2,412 | -0.3% |
| Land and buildings | 22 | €774,018 | €774,018 | = | 0.0% |
| Furniture and vehicles | 24 | €4,840 | €2,427 | -€2,412 | -49.8% |
| Current assets | 29/58 | €354 | €50 | -€305 | -86.0% |
| Cash at bank and in hand | 54/58 | €354 | €50 | -€305 | -86.0% |
| Total equity and liabilities | 10/49 | €779,212 | €776,495 | -€2,717 | -0.3% |
| Equity | 10/15 | €540,823 | €537,786 | -€3,037 | -0.6% |
| Contributions | 10/11 | €520,576 | €520,576 | = | 0.0% |
| Reserves | 13 | €278,860 | €277,985 | -€875 | -0.3% |
| Non-distributable reserves | 130/1 | €7,198 | €7,198 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,198 | €7,198 | = | 0.0% |
| Tax-exempt reserves | 132 | €271,662 | €270,787 | -€875 | -0.3% |
| Profit (loss) carried forward | 14 | -€258,613 | -€260,776 | -€2,162 | -0.8% |
| Provisions and deferred taxes | 16 | €116,474 | €116,024 | -€451 | -0.4% |
| Deferred taxes | 168 | €116,474 | €116,024 | -€451 | -0.4% |
| Amounts payable | 17/49 | €121,915 | €122,685 | +€771 | +0.6% |
| Amounts payable after more than one year | 17 | €15,333 | €5,589 | -€9,744 | -63.6% |
| Financial debts | 170/4 | €15,333 | €5,589 | -€9,744 | -63.6% |
| Amounts payable within one year | 42/48 | €106,582 | €117,096 | +€10,515 | +9.9% |
| Current portion of amounts payable after more than one year | 42 | €11,138 | €11,366 | +€228 | +2.1% |
| Trade debts | 44 | €713 | €309 | -€404 | -56.6% |
| Suppliers | 440/4 | €713 | €309 | -€404 | -56.6% |
| Other amounts payable | 47/48 | €94,731 | €105,421 | +€10,691 | +11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,058 | €2,412 | -€645 | -21.1% |
| Other operating charges | 640/8 | €2,700 | €1,864 | -€836 | -31.0% |
| Gross operating margin | 9900 | €3,777 | €1,583 | -€2,194 | -58.1% |
| Operating profit (loss) | 9901 | -€1,980 | -€2,694 | -€713 | -36.0% |
| Financial charges | 65/66B | €575 | €794 | +€219 | +38.2% |
| Recurring financial charges | 65 | €575 | €794 | +€219 | +38.2% |
| Profit (loss) for the period before taxes | 9903 | -€2,555 | -€3,488 | -€933 | -36.5% |
| Transfer from deferred taxes | 780 | - | €451 | +€451 | |
| Profit (loss) for the period | 9904 | -€2,555 | -€3,037 | -€482 | -18.9% |
| Transfer from tax-exempt reserves | 789 | €875 | €875 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,680 | -€2,162 | -€482 | -28.7% |
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 1 November 2026 via checked.be.