VA-Elies: 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-Elies
Largest movements
- Cash -€17,391
down €17,391 (-95.3%), from €18,242 to €851
mainly Current investments (-€17,000) and Investment in fixed assets (net) (-€4,747)
- Current investments +€17,000
new in 2025: €17,000
- Receivables within one year +€3,521
up €3,521 (+22.8%), from €15,419 to €18,940
of which Trade receivables: +€2,219
- Tangible fixed assets +€2,725
new in 2025: €2,725
- Reserves +€7,962
up €7,962 (+32.6%), from €24,404 to €32,366
- Tax, wage and social debts -€1,574
down €1,574 (-35.9%), from €4,388 to €2,814
- Trade debts -€905
down €905 (-43.0%), from €2,107 to €1,201
- Gross operating margin -€6,809
down €6,809 (-32.5%), from €20,965 to €14,156
- Taxes -€2,970
down €2,970 (-52.9%), from €5,616 to €2,646
- Depreciation +€2,022
new in 2025: €2,022
- Other operating charges +€1,478
new in 2025: €1,478
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 | €34,583 | €40,376 | +€5,793 | +16.8% |
| Fixed assets | 21/28 | - | €2,725 | +€2,725 | |
| Tangible fixed assets | 22/27 | - | €2,725 | +€2,725 | |
| Furniture and vehicles | 24 | - | €2,725 | +€2,725 | |
| Current assets | 29/58 | €34,583 | €37,652 | +€3,068 | +8.9% |
| Amounts receivable within one year | 40/41 | €15,419 | €18,940 | +€3,521 | +22.8% |
| Trade receivables | 40 | €15,367 | €17,586 | +€2,219 | +14.4% |
| Other amounts receivable | 41 | €53 | €1,354 | +€1,301 | +2,479% |
| Current investments | 50/53 | - | €17,000 | +€17,000 | |
| Cash at bank and in hand | 54/58 | €18,242 | €851 | -€17,391 | -95.3% |
| Deferred charges and accrued income | 490/1 | €922 | €861 | -€61 | -6.6% |
| Total equity and liabilities | 10/49 | €34,583 | €40,376 | +€5,793 | +16.8% |
| Equity | 10/15 | €26,904 | €34,866 | +€7,962 | +29.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €24,404 | €32,366 | +€7,962 | +32.6% |
| Distributable reserves | 133 | €24,404 | €32,366 | +€7,962 | +32.6% |
| Amounts payable | 17/49 | €7,680 | €5,510 | -€2,169 | -28.2% |
| Amounts payable within one year | 42/48 | €7,680 | €5,510 | -€2,169 | -28.2% |
| Trade debts | 44 | €2,107 | €1,201 | -€905 | -43.0% |
| Suppliers | 440/4 | €2,107 | €1,201 | -€905 | -43.0% |
| Taxes, remuneration and social security | 45 | €4,388 | €2,814 | -€1,574 | -35.9% |
| Taxes | 450/3 | €4,388 | €2,814 | -€1,574 | -35.9% |
| Other amounts payable | 47/48 | €1,185 | €1,495 | +€310 | +26.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,022 | +€2,022 | |
| Other operating charges | 640/8 | - | €1,478 | +€1,478 | |
| Gross operating margin | 9900 | €20,965 | €14,156 | -€6,809 | -32.5% |
| Operating profit (loss) | 9901 | €20,965 | €10,656 | -€10,309 | -49.2% |
| Financial income | 75/76B | - | €9 | +€9 | |
| Recurring financial income | 75 | - | €9 | +€9 | |
| Financial charges | 65/66B | €54 | €57 | +€3 | +5.7% |
| Recurring financial charges | 65 | €54 | €57 | +€3 | +5.7% |
| Profit (loss) for the period before taxes | 9903 | €20,911 | €10,608 | -€10,303 | -49.3% |
| Income taxes | 67/77 | €5,616 | €2,646 | -€2,970 | -52.9% |
| Profit (loss) for the period | 9904 | €15,295 | €7,962 | -€7,333 | -47.9% |
| Profit (loss) for the period to be appropriated | 9905 | €15,295 | €7,962 | -€7,333 | -47.9% |
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 30 October 2026 via checked.be.