V8X: 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.
V8X
Largest movements
- Cash +€107,378
up €107,378 (+177.0%), from €60,652 to €168,030
mainly Current investments (+€84,999) and Net result for the year (+€22,328)
- Current investments -€84,999
down €84,999 (-100.0%), from €84,999 to €0
- Tangible fixed assets +€8,283
up €8,283 (+8164.3%), from €101 to €8,384
- Receivables within one year -€2,037
down €2,037 (-7.6%), from €26,787 to €24,750
of which Other amounts receivable: -€5,643
- Reserves +€22,328
up €22,328 (+14.1%), from €158,431 to €180,759
- Other debts +€10,819
up €10,819, from €0 to €10,819
- Tax, wage and social debts -€5,809
down €5,809 (-100.0%), from €5,809 to €0
- Gross operating margin -€21,657
down €21,657 (-36.8%), from €58,891 to €37,235
- Taxes -€6,378
down €6,378 (-39.5%), from €16,148 to €9,769
- Financial charges +€2,040
up €2,040 (+253.8%), from €804 to €2,844
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 | €172,933 | €201,566 | +€28,633 | +16.6% |
| Fixed assets | 21/28 | €101 | €8,384 | +€8,283 | +8164.3% |
| Tangible fixed assets | 22/27 | €101 | €8,384 | +€8,283 | +8164.3% |
| Furniture and vehicles | 24 | €101 | €8,384 | +€8,283 | +8164.3% |
| Current assets | 29/58 | €172,831 | €193,182 | +€20,350 | +11.8% |
| Amounts receivable within one year | 40/41 | €26,787 | €24,750 | -€2,037 | -7.6% |
| Trade receivables | 40 | €18,007 | €21,613 | +€3,606 | +20.0% |
| Other amounts receivable | 41 | €8,780 | €3,137 | -€5,643 | -64.3% |
| Current investments | 50/53 | €84,999 | €0 | -€84,999 | -100.0% |
| Cash at bank and in hand | 54/58 | €60,652 | €168,030 | +€107,378 | +177.0% |
| Deferred charges and accrued income | 490/1 | €393 | €401 | +€8 | +2.0% |
| Total equity and liabilities | 10/49 | €172,933 | €201,566 | +€28,633 | +16.6% |
| Equity | 10/15 | €164,631 | €186,959 | +€22,328 | +13.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €158,431 | €180,759 | +€22,328 | +14.1% |
| Distributable reserves | 133 | €158,431 | €180,759 | +€22,328 | +14.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €8,302 | €14,607 | +€6,305 | +75.9% |
| Amounts payable within one year | 42/48 | €8,302 | €14,607 | +€6,305 | +75.9% |
| Financial debts | 43 | - | €155 | +€155 | |
| Credit institutions | 430/8 | - | €155 | +€155 | |
| Trade debts | 44 | €2,493 | €3,633 | +€1,140 | +45.7% |
| Suppliers | 440/4 | €2,493 | €3,633 | +€1,140 | +45.7% |
| Taxes, remuneration and social security | 45 | €5,809 | €0 | -€5,809 | -100.0% |
| Taxes | 450/3 | €5,809 | €0 | -€5,809 | -100.0% |
| Other amounts payable | 47/48 | €0 | €10,819 | +€10,819 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,190 | €889 | -€301 | -25.3% |
| Other operating charges | 640/8 | €992 | €1,405 | +€413 | +41.6% |
| Gross operating margin | 9900 | €58,891 | €37,235 | -€21,657 | -36.8% |
| Operating profit (loss) | 9901 | €56,710 | €34,941 | -€21,768 | -38.4% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €804 | €2,844 | +€2,040 | +253.8% |
| Recurring financial charges | 65 | €804 | €2,844 | +€2,040 | +253.8% |
| Profit (loss) for the period before taxes | 9903 | €55,906 | €32,097 | -€23,809 | -42.6% |
| Income taxes | 67/77 | €16,148 | €9,769 | -€6,378 | -39.5% |
| Profit (loss) for the period | 9904 | €39,758 | €22,328 | -€17,430 | -43.8% |
| Profit (loss) for the period to be appropriated | 9905 | €39,758 | €22,328 | -€17,430 | -43.8% |
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 2 October 2026 via checked.be.