V.V.L.: 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.L.
Largest movements
- Cash -€1,445
down €1,445 (-84.9%), from €1,701 to €257
mainly Other debts (-€3,776) and Net result for the year (-€334)
- Tangible fixed assets -€1,394
down €1,394 (-41.7%), from €3,345 to €1,951
- Receivables within one year -€1,044
down €1,044 (-80.4%), from €1,299 to €255
of which Other amounts receivable: -€1,148
- Formation expenses -€227
down €227 (-25.1%), from €905 to €678
- Other debts -€3,776
down €3,776 (-77.1%), from €4,895 to €1,119
- Profit (loss) carried forward -€334
down €334 (-14.8%), from €2,256 to €1,922
- Depreciation +€57
up €57 (+3.7%), from €1,563 to €1,621
- Gross operating margin -€39
down €39 (-2.8%), from €1,385 to €1,347
- Financial charges +€15
up €15 (+33.3%), from €45 to €60
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 | €7,251 | €3,141 | -€4,110 | -56.7% |
| Formation expenses | 20 | €905 | €678 | -€227 | -25.1% |
| Fixed assets | 21/28 | €3,345 | €1,951 | -€1,394 | -41.7% |
| Tangible fixed assets | 22/27 | €3,345 | €1,951 | -€1,394 | -41.7% |
| Furniture and vehicles | 24 | €3,345 | €1,951 | -€1,394 | -41.7% |
| Current assets | 29/58 | €3,001 | €512 | -€2,489 | -82.9% |
| Amounts receivable within one year | 40/41 | €1,299 | €255 | -€1,044 | -80.4% |
| Trade receivables | 40 | €151 | €255 | +€104 | +69.0% |
| Other amounts receivable | 41 | €1,148 | €0 | -€1,148 | -100.0% |
| Cash at bank and in hand | 54/58 | €1,701 | €257 | -€1,445 | -84.9% |
| Total equity and liabilities | 10/49 | €7,251 | €3,141 | -€4,110 | -56.7% |
| Equity | 10/15 | €2,356 | €2,022 | -€334 | -14.2% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,256 | €1,922 | -€334 | -14.8% |
| Amounts payable | 17/49 | €4,895 | €1,119 | -€3,776 | -77.1% |
| Amounts payable within one year | 42/48 | €4,895 | €1,119 | -€3,776 | -77.1% |
| Other amounts payable | 47/48 | €4,895 | €1,119 | -€3,776 | -77.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,563 | €1,621 | +€57 | +3.7% |
| Gross operating margin | 9900 | €1,385 | €1,347 | -€39 | -2.8% |
| Operating profit (loss) | 9901 | -€178 | -€274 | -€96 | -54.0% |
| Financial charges | 65/66B | €45 | €60 | +€15 | +33.3% |
| Recurring financial charges | 65 | €45 | €60 | +€15 | +33.3% |
| Profit (loss) for the period before taxes | 9903 | -€223 | -€334 | -€111 | -49.8% |
| Profit (loss) for the period | 9904 | -€223 | -€334 | -€111 | -49.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€223 | -€334 | -€111 | -49.8% |
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 6 October 2026 via checked.be.