VA CLASSICS: 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.
VA CLASSICS
Largest movements
- Stocks and contracts +€44,759
up €44,759 (+337%), from €13,289 to €58,049
- Cash -€41,626
down €41,626 (-63.2%), from €65,886 to €24,260
mainly Stocks and contracts (-€44,759) and Receivables within one year (-€30,062)
- Receivables within one year +€30,062
up €30,062 (+608%), from €4,943 to €35,005
- Tangible fixed assets +€15,637
new in 2025: €15,637
- Accrued charges and deferred income +€28,516
up €28,516 (+92.3%), from €30,895 to €59,410
- Profit (loss) carried forward +€14,179
up €14,179 (+99.8%), from €14,213 to €28,392
- Tax, wage and social debts +€3,052
up €3,052 (+23.6%), from €12,946 to €15,998
of which Taxes: +€2,752
- Trade debts +€2,923
up €2,923 (+462%), from €633 to €3,555
- Depreciation +€2,763
new in 2025: €2,763
- Gross operating margin +€1,528
up €1,528 (+7.3%), from €20,916 to €22,444
- Staff costs -€1,200
no longer reported in 2025 (was €1,200)
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 | €84,118 | €132,951 | +€48,833 | +58.1% |
| Fixed assets | 21/28 | - | €15,637 | +€15,637 | |
| Tangible fixed assets | 22/27 | - | €15,637 | +€15,637 | |
| Land and buildings | 22 | - | €15,637 | +€15,637 | |
| Current assets | 29/58 | €84,118 | €117,314 | +€33,196 | +39.5% |
| Stocks and contracts in progress | 3 | €13,289 | €58,049 | +€44,759 | +337% |
| Stocks | 30/36 | €13,289 | €58,049 | +€44,759 | +337% |
| Amounts receivable within one year | 40/41 | €4,943 | €35,005 | +€30,062 | +608% |
| Trade receivables | 40 | €4,943 | €35,005 | +€30,062 | +608% |
| Cash at bank and in hand | 54/58 | €65,886 | €24,260 | -€41,626 | -63.2% |
| Total equity and liabilities | 10/49 | €84,118 | €132,951 | +€48,833 | +58.1% |
| Equity | 10/15 | €34,213 | €48,392 | +€14,179 | +41.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Contributions outside capital | 11 | €20,000 | - | -€20,000 | |
| Other | 1109/19 | €20,000 | - | -€20,000 | |
| Profit (loss) carried forward | 14 | €14,213 | €28,392 | +€14,179 | +99.8% |
| Amounts payable | 17/49 | €49,905 | €84,558 | +€34,654 | +69.4% |
| Amounts payable within one year | 42/48 | €19,010 | €25,148 | +€6,138 | +32.3% |
| Trade debts | 44 | €633 | €3,555 | +€2,923 | +462% |
| Suppliers | 440/4 | €633 | €3,555 | +€2,923 | +462% |
| Taxes, remuneration and social security | 45 | €12,946 | €15,998 | +€3,052 | +23.6% |
| Taxes | 450/3 | €11,746 | €14,498 | +€2,752 | +23.4% |
| Remuneration and social security | 454/9 | €1,200 | €1,500 | +€300 | +25.0% |
| Other amounts payable | 47/48 | €5,432 | €5,595 | +€163 | +3.0% |
| Accrued charges and deferred income | 492/3 | €30,895 | €59,410 | +€28,516 | +92.3% |
| Remuneration, social security and pensions | 62 | €1,200 | - | -€1,200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,763 | +€2,763 | |
| Other operating charges | 640/8 | €85 | €44 | -€41 | -48.3% |
| Gross operating margin | 9900 | €20,916 | €22,444 | +€1,528 | +7.3% |
| Operating profit (loss) | 9901 | €19,631 | €19,637 | +€6 | 0.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €652 | €695 | +€44 | +6.7% |
| Recurring financial charges | 65 | €652 | €695 | +€44 | +6.7% |
| Profit (loss) for the period before taxes | 9903 | €18,979 | €18,942 | -€37 | -0.2% |
| Income taxes | 67/77 | €4,766 | €4,763 | -€3 | -0.1% |
| Profit (loss) for the period | 9904 | €14,213 | €14,179 | -€34 | -0.2% |
| Profit (loss) for the period to be appropriated | 9905 | €14,213 | €14,179 | -€34 | -0.2% |
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 14 October 2026 via checked.be.