V2 Ontwikkeling: 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.
V2 Ontwikkeling
Largest movements
- Stocks and contracts -€1.1m
down €1.1m (-83.8%), from €1.3m to €210,464
- Cash -€311,499
down €311,499 (-95.9%), from €324,977 to €13,479
mainly Short-term financial debts (-€1.2m) and Trade debts (-€309,945)
- Short-term financial debts -€1.2m
down €1.2m (-92.4%), from €1.3m to €100,000
of which Credit institutions: -€850,000
- Trade debts -€309,945
down €309,945 (-97.3%), from €318,473 to €8,529
- Reserves +€70,198
new in 2025: €70,198
- Profit (loss) carried forward +€42,004
up €42,004, from -€42,004 to €0
- Tax, wage and social debts +€19,861
new in 2025: €19,861
- Gross operating margin +€168,702
up €168,702 (+1806.4%), from €9,339 to €178,041
- Financial charges +€38,593
up €38,593 (+330.9%), from €11,663 to €50,256
- Taxes +€13,861
new in 2025: €13,861
- Depreciation -€3,861
down €3,861 (-90.8%), from €4,251 to €390
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 | €1,628,132 | €227,174 | -€1.4m | -86.0% |
| Fixed assets | 21/28 | €390 | €0 | -€390 | -100.0% |
| Tangible fixed assets | 22/27 | €390 | €0 | -€390 | -100.0% |
| Furniture and vehicles | 24 | €390 | €0 | -€390 | -100.0% |
| Current assets | 29/58 | €1,627,742 | €227,174 | -€1.4m | -86.0% |
| Stocks and contracts in progress | 3 | €1,301,854 | €210,464 | -€1.1m | -83.8% |
| Stocks | 30/36 | €1,301,854 | €210,464 | -€1.1m | -83.8% |
| Amounts receivable within one year | 40/41 | €428 | €0 | -€428 | -100.0% |
| Other amounts receivable | 41 | €428 | €0 | -€428 | -100.0% |
| Cash at bank and in hand | 54/58 | €324,977 | €13,479 | -€311,499 | -95.9% |
| Deferred charges and accrued income | 490/1 | €483 | €3,231 | +€2,748 | +569.3% |
| Total equity and liabilities | 10/49 | €1,628,132 | €227,174 | -€1.4m | -86.0% |
| Equity | 10/15 | -€35,804 | €76,398 | +€112,201 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | - | €70,198 | +€70,198 | |
| Distributable reserves | 133 | - | €70,198 | +€70,198 | |
| Profit (loss) carried forward | 14 | -€42,004 | €0 | +€42,004 | |
| Amounts payable | 17/49 | €1,663,936 | €150,776 | -€1.5m | -90.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €1,663,936 | €137,019 | -€1.5m | -91.8% |
| Current portion of amounts payable after more than one year | 42 | €851 | €0 | -€851 | -100.0% |
| Financial debts | 43 | €1,320,000 | €100,000 | -€1.2m | -92.4% |
| Credit institutions | 430/8 | €850,000 | €0 | -€850,000 | -100.0% |
| Other loans | 439 | €470,000 | €100,000 | -€370,000 | -78.7% |
| Trade debts | 44 | €318,473 | €8,529 | -€309,945 | -97.3% |
| Suppliers | 440/4 | €318,473 | €8,529 | -€309,945 | -97.3% |
| Taxes, remuneration and social security | 45 | - | €19,861 | +€19,861 | |
| Taxes | 450/3 | - | €19,861 | +€19,861 | |
| Other amounts payable | 47/48 | €24,611 | €8,629 | -€15,982 | -64.9% |
| Accrued charges and deferred income | 492/3 | - | €13,757 | +€13,757 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,251 | €390 | -€3,861 | -90.8% |
| Other operating charges | 640/8 | €1,348 | €1,333 | -€15 | -1.1% |
| Gross operating margin | 9900 | €9,339 | €178,041 | +€168,702 | +1806.4% |
| Operating profit (loss) | 9901 | €3,740 | €176,318 | +€172,578 | +4614.0% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €11,663 | €50,256 | +€38,593 | +330.9% |
| Recurring financial charges | 65 | €11,663 | €50,256 | +€38,593 | +330.9% |
| Profit (loss) for the period before taxes | 9903 | -€7,923 | €126,062 | +€133,985 | |
| Income taxes | 67/77 | - | €13,861 | +€13,861 | |
| Profit (loss) for the period | 9904 | -€7,923 | €112,201 | +€120,124 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,923 | €112,201 | +€120,124 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.