V-zit: 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-zit
Largest movements
- Cash +€108,201
up €108,201 (+333%), from €32,506 to €140,708
mainly Receivables within one year (+€93,049) and Depreciation (+€38,753)
- Receivables within one year -€93,049
down €93,049 (-65.5%), from €142,086 to €49,037
of which Trade receivables: -€92,783
- Tangible fixed assets -€38,753
down €38,753 (-9.2%), from €420,178 to €381,425
of which Land and buildings: -€30,476
- Deferred charges and accrued income -€7,647
down €7,647 (-29.0%), from €26,357 to €18,710
- Other debts -€51,753
down €51,753 (-23.2%), from €222,607 to €170,854
- Profit (loss) carried forward +€35,593
up €35,593 (+10.5%), from -€340,473 to -€304,880
- Debts after one year -€12,000
down €12,000 (-75.0%), from €16,000 to €4,000
- Current portion of long-term debt -€10,455
down €10,455 (-46.6%), from €22,455 to €12,000
- Gross operating margin +€33,187
up €33,187 (+37.9%), from €87,556 to €120,743
- Taxes +€6,817
up €6,817 (+1,507%), from €452 to €7,269
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 | €621,127 | €589,879 | -€31,248 | -5.0% |
| Fixed assets | 21/28 | €420,178 | €381,425 | -€38,753 | -9.2% |
| Tangible fixed assets | 22/27 | €420,178 | €381,425 | -€38,753 | -9.2% |
| Land and buildings | 22 | €396,904 | €366,428 | -€30,476 | -7.7% |
| Plant, machinery and equipment | 23 | €16,197 | €12,148 | -€4,049 | -25.0% |
| Furniture and vehicles | 24 | €7,078 | €2,850 | -€4,228 | -59.7% |
| Current assets | 29/58 | €200,949 | €208,454 | +€7,505 | +3.7% |
| Amounts receivable within one year | 40/41 | €142,086 | €49,037 | -€93,049 | -65.5% |
| Trade receivables | 40 | €140,980 | €48,197 | -€92,783 | -65.8% |
| Other amounts receivable | 41 | €1,106 | €840 | -€266 | -24.1% |
| Cash at bank and in hand | 54/58 | €32,506 | €140,708 | +€108,201 | +333% |
| Deferred charges and accrued income | 490/1 | €26,357 | €18,710 | -€7,647 | -29.0% |
| Total equity and liabilities | 10/49 | €621,127 | €589,879 | -€31,248 | -5.0% |
| Equity | 10/15 | €341,467 | €377,060 | +€35,593 | +10.4% |
| Contributions | 10/11 | €118,540 | €118,540 | = | 0.0% |
| Revaluation surpluses | 12 | €550,000 | €550,000 | = | 0.0% |
| Reserves | 13 | €13,400 | €13,400 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,400 | €2,400 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,400 | €2,400 | = | 0.0% |
| Distributable reserves | 133 | €11,000 | €11,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€340,473 | -€304,880 | +€35,593 | +10.5% |
| Amounts payable | 17/49 | €279,661 | €212,819 | -€66,842 | -23.9% |
| Amounts payable after more than one year | 17 | €16,000 | €4,000 | -€12,000 | -75.0% |
| Financial debts | 170/4 | €16,000 | €4,000 | -€12,000 | -75.0% |
| Amounts payable within one year | 42/48 | €263,661 | €208,819 | -€54,842 | -20.8% |
| Current portion of amounts payable after more than one year | 42 | €22,455 | €12,000 | -€10,455 | -46.6% |
| Trade debts | 44 | €4,919 | €8,800 | +€3,881 | +78.9% |
| Suppliers | 440/4 | €4,919 | €8,800 | +€3,881 | +78.9% |
| Taxes, remuneration and social security | 45 | €13,680 | €17,165 | +€3,485 | +25.5% |
| Taxes | 450/3 | €9,067 | €11,878 | +€2,811 | +31.0% |
| Remuneration and social security | 454/9 | €4,613 | €5,287 | +€675 | +14.6% |
| Other amounts payable | 47/48 | €222,607 | €170,854 | -€51,753 | -23.2% |
| Remuneration, social security and pensions | 62 | €35,363 | €35,717 | +€354 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,753 | €38,753 | -€0 | 0.0% |
| Other operating charges | 640/8 | €2,470 | €2,343 | -€127 | -5.1% |
| Gross operating margin | 9900 | €87,556 | €120,743 | +€33,187 | +37.9% |
| Operating profit (loss) | 9901 | €10,970 | €43,930 | +€32,960 | +300% |
| Financial income | 75/76B | €23 | €20 | -€3 | -13.9% |
| Recurring financial income | 75 | €23 | €20 | -€3 | -13.9% |
| Financial charges | 65/66B | €2,169 | €1,087 | -€1,082 | -49.9% |
| Recurring financial charges | 65 | €2,169 | €1,087 | -€1,082 | -49.9% |
| Profit (loss) for the period before taxes | 9903 | €8,824 | €42,863 | +€34,039 | +386% |
| Income taxes | 67/77 | €452 | €7,269 | +€6,817 | +1,507% |
| Profit (loss) for the period | 9904 | €8,371 | €35,593 | +€27,222 | +325% |
| Profit (loss) for the period to be appropriated | 9905 | €8,371 | €35,593 | +€27,222 | +325% |
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 22 October 2026 via checked.be.