V.WASH: 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.WASH
Largest movements
- Cash -€26,750
down €26,750 (-97.3%), from €27,505 to €755
mainly Short-term financial debts (-€16,725) and Accrued charges and deferred income (-€15,000)
- Receivables within one year -€13,650
down €13,650 (-21.9%), from €62,365 to €48,715
of which Trade receivables: -€20,295
- Tangible fixed assets -€12,082
down €12,082 (-33.0%), from €36,642 to €24,560
of which Furniture and vehicles: -€9,247
- Deferred charges and accrued income -€1,918
down €1,918 (-73.6%), from €2,606 to €689
- Short-term financial debts -€16,725
down €16,725 (-29.5%), from €56,725 to €40,000
of which Other loans: -€24,725
- Accrued charges and deferred income -€15,000
no longer reported in 2024 (was €15,000)
- Profit (loss) carried forward -€14,397
down €14,397 (-1,127%), from -€1,277 to -€15,675
- Trade debts -€5,596
down €5,596 (-97.8%), from €5,721 to €125
- Debts after one year -€5,369
down €5,369 (-35.4%), from €15,161 to €9,792
- Gross operating margin -€26,521
down €26,521 (-87.3%), from €30,379 to €3,858
- Taxes -€5,536
down €5,536 (-92.7%), from €5,971 to €434
- Financial charges +€3,159
up €3,159 (+100%), from €3,157 to €6,316
- Other operating charges -€450
down €450 (-40.1%), from €1,121 to €671
- Financial income +€313
up €313 (+33.5%), from €935 to €1,248
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €131,806 | €77,406 | -€54,400 | -41.3% |
| Fixed assets | 21/28 | €39,329 | €27,248 | -€12,082 | -30.7% |
| Tangible fixed assets | 22/27 | €36,642 | €24,560 | -€12,082 | -33.0% |
| Land and buildings | 22 | €19,944 | €17,109 | -€2,835 | -14.2% |
| Furniture and vehicles | 24 | €16,698 | €7,451 | -€9,247 | -55.4% |
| Financial fixed assets | 28 | €2,688 | €2,688 | = | 0.0% |
| Current assets | 29/58 | €92,477 | €50,159 | -€42,318 | -45.8% |
| Amounts receivable within one year | 40/41 | €62,365 | €48,715 | -€13,650 | -21.9% |
| Trade receivables | 40 | €43,774 | €23,479 | -€20,295 | -46.4% |
| Other amounts receivable | 41 | €18,591 | €25,236 | +€6,645 | +35.7% |
| Cash at bank and in hand | 54/58 | €27,505 | €755 | -€26,750 | -97.3% |
| Deferred charges and accrued income | 490/1 | €2,606 | €689 | -€1,918 | -73.6% |
| Total equity and liabilities | 10/49 | €131,806 | €77,406 | -€54,400 | -41.3% |
| Equity | 10/15 | €17,863 | €3,466 | -€14,397 | -80.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €540 | €540 | = | 0.0% |
| Non-distributable reserves | 130/1 | €540 | €540 | = | 0.0% |
| Reserves not available under the articles | 1311 | €540 | €540 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,277 | -€15,675 | -€14,397 | -1,127% |
| Amounts payable | 17/49 | €113,943 | €73,941 | -€40,002 | -35.1% |
| Amounts payable after more than one year | 17 | €15,161 | €9,792 | -€5,369 | -35.4% |
| Financial debts | 170/4 | €15,161 | €9,792 | -€5,369 | -35.4% |
| Amounts payable within one year | 42/48 | €83,782 | €64,149 | -€19,633 | -23.4% |
| Current portion of amounts payable after more than one year | 42 | €4,853 | €5,369 | +€516 | +10.6% |
| Financial debts | 43 | €56,725 | €40,000 | -€16,725 | -29.5% |
| Credit institutions | 430/8 | €32,000 | €40,000 | +€8,000 | +25.0% |
| Other loans | 439 | €24,725 | - | -€24,725 | |
| Trade debts | 44 | €5,721 | €125 | -€5,596 | -97.8% |
| Suppliers | 440/4 | €5,721 | €125 | -€5,596 | -97.8% |
| Taxes, remuneration and social security | 45 | €16,483 | €18,655 | +€2,171 | +13.2% |
| Taxes | 450/3 | €16,483 | €18,655 | +€2,171 | +13.2% |
| Accrued charges and deferred income | 492/3 | €15,000 | - | -€15,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,119 | €12,082 | -€38 | -0.3% |
| Other operating charges | 640/8 | €1,121 | €671 | -€450 | -40.1% |
| Gross operating margin | 9900 | €30,379 | €3,858 | -€26,521 | -87.3% |
| Operating profit (loss) | 9901 | €17,139 | -€8,895 | -€26,033 | |
| Financial income | 75/76B | €935 | €1,248 | +€313 | +33.5% |
| Recurring financial income | 75 | €935 | €1,248 | +€313 | +33.5% |
| Financial charges | 65/66B | €3,157 | €6,316 | +€3,159 | +100% |
| Recurring financial charges | 65 | €3,157 | €6,316 | +€3,159 | +100% |
| Profit (loss) for the period before taxes | 9903 | €14,916 | -€13,963 | -€28,879 | |
| Income taxes | 67/77 | €5,971 | €434 | -€5,536 | -92.7% |
| Profit (loss) for the period | 9904 | €8,945 | -€14,397 | -€23,343 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,945 | -€14,397 | -€23,343 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.