V86: 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.
V86
Largest movements
- Cash +€16,856
up €16,856 (+23.9%), from €70,535 to €87,391
mainly Net result for the year (+€66,325) and Depreciation (+€8,270)
- Tangible fixed assets -€6,939
down €6,939 (-32.4%), from €21,418 to €14,479
of which Furniture and vehicles: -€6,852
- Profit (loss) carried forward +€66,325
up €66,325 (+9,045%), from €733 to €67,058
- Other debts -€49,906
down €49,906 (-93.5%), from €53,392 to €3,485
- Tax, wage and social debts -€5,970
down €5,970 (-33.8%), from €17,676 to €11,706
of which Taxes: -€8,070
- Trade debts -€1,492
down €1,492 (-62.4%), from €2,391 to €899
- Gross operating margin +€8,744
up €8,744 (+10.5%), from €83,341 to €92,085
- Depreciation +€3,253
up €3,253 (+64.8%), from €5,017 to €8,270
- Taxes +€1,131
up €1,131 (+7.1%), from €15,915 to €17,046
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 | €103,392 | €112,348 | +€8,955 | +8.7% |
| Fixed assets | 21/28 | €21,418 | €14,479 | -€6,939 | -32.4% |
| Tangible fixed assets | 22/27 | €21,418 | €14,479 | -€6,939 | -32.4% |
| Plant, machinery and equipment | 23 | €3,227 | €3,140 | -€87 | -2.7% |
| Furniture and vehicles | 24 | €18,191 | €11,339 | -€6,852 | -37.7% |
| Current assets | 29/58 | €81,975 | €97,869 | +€15,894 | +19.4% |
| Amounts receivable within one year | 40/41 | €11,440 | €10,477 | -€962 | -8.4% |
| Trade receivables | 40 | €11,344 | €10,381 | -€962 | -8.5% |
| Other amounts receivable | 41 | €96 | €96 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €70,535 | €87,391 | +€16,856 | +23.9% |
| Total equity and liabilities | 10/49 | €103,392 | €112,348 | +€8,955 | +8.7% |
| Equity | 10/15 | €29,933 | €96,258 | +€66,325 | +222% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €10,600 | €10,600 | = | 0.0% |
| Distributable reserves | 133 | €10,600 | €10,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €733 | €67,058 | +€66,325 | +9,045% |
| Amounts payable | 17/49 | €73,459 | €16,090 | -€57,369 | -78.1% |
| Amounts payable within one year | 42/48 | €73,459 | €16,090 | -€57,369 | -78.1% |
| Trade debts | 44 | €2,391 | €899 | -€1,492 | -62.4% |
| Suppliers | 440/4 | €2,391 | €899 | -€1,492 | -62.4% |
| Taxes, remuneration and social security | 45 | €17,676 | €11,706 | -€5,970 | -33.8% |
| Taxes | 450/3 | €17,676 | €9,606 | -€8,070 | -45.7% |
| Remuneration and social security | 454/9 | - | €2,100 | +€2,100 | |
| Other amounts payable | 47/48 | €53,392 | €3,485 | -€49,906 | -93.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,017 | €8,270 | +€3,253 | +64.8% |
| Other operating charges | 640/8 | €246 | €248 | +€2 | +0.8% |
| Gross operating margin | 9900 | €83,341 | €92,085 | +€8,744 | +10.5% |
| Operating profit (loss) | 9901 | €78,078 | €83,567 | +€5,489 | +7.0% |
| Financial charges | 65/66B | €497 | €196 | -€301 | -60.5% |
| Recurring financial charges | 65 | €497 | €196 | -€301 | -60.5% |
| Profit (loss) for the period before taxes | 9903 | €77,582 | €83,371 | +€5,789 | +7.5% |
| Income taxes | 67/77 | €15,915 | €17,046 | +€1,131 | +7.1% |
| Profit (loss) for the period | 9904 | €61,667 | €66,325 | +€4,658 | +7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €61,667 | €66,325 | +€4,658 | +7.6% |
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 14 October 2026 via checked.be.