VA ENTERPRISES: 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 ENTERPRISES
Largest movements
- Cash +€67,082
up €67,082 (+321.6%), from €20,859 to €87,941
mainly Net result for the year (+€35,777) and Depreciation (+€21,196)
- Tangible fixed assets -€21,196
down €21,196 (-25.0%), from €84,634 to €63,438
of which Leasing and similar rights: -€14,837
- Receivables within one year -€17,963
down €17,963 (-44.9%), from €39,992 to €22,029
of which Trade receivables: -€18,386
- Deferred charges and accrued income -€4,675
down €4,675 (-100.0%), from €4,675 to €0
- Reserves +€22,468
up €22,468 (+18.3%), from €122,480 to €144,948
- Current portion of long-term debt -€14,489
down €14,489 (-93.9%), from €15,432 to €942
- Tax, wage and social debts +€7,138
up €7,138 (+80.0%), from €8,926 to €16,064
- Short-term financial debts +€5,048
new in 2025: €5,048
- Trade debts +€2,792
up €2,792 (+210.1%), from €1,329 to €4,122
- Gross operating margin -€6,562
down €6,562 (-8.2%), from €80,037 to €73,475
- Taxes -€1,406
down €1,406 (-8.7%), from €16,117 to €14,711
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 | €150,185 | €173,408 | +€23,224 | +15.5% |
| Fixed assets | 21/28 | €84,659 | €63,438 | -€21,221 | -25.1% |
| Tangible fixed assets | 22/27 | €84,634 | €63,438 | -€21,196 | -25.0% |
| Land and buildings | 22 | €6,427 | €5,746 | -€681 | -10.6% |
| Plant, machinery and equipment | 23 | €1,753 | €1,169 | -€584 | -33.3% |
| Furniture and vehicles | 24 | €1,488 | €829 | -€659 | -44.3% |
| Leasing and similar rights | 25 | €16,707 | €1,870 | -€14,837 | -88.8% |
| Other tangible fixed assets | 26 | €58,259 | €53,824 | -€4,434 | -7.6% |
| Financial fixed assets | 28 | €25 | €0 | -€25 | -100.0% |
| Current assets | 29/58 | €65,526 | €109,970 | +€44,445 | +67.8% |
| Amounts receivable within one year | 40/41 | €39,992 | €22,029 | -€17,963 | -44.9% |
| Trade receivables | 40 | €39,992 | €21,606 | -€18,386 | -46.0% |
| Other amounts receivable | 41 | - | €423 | +€423 | |
| Cash at bank and in hand | 54/58 | €20,859 | €87,941 | +€67,082 | +321.6% |
| Deferred charges and accrued income | 490/1 | €4,675 | €0 | -€4,675 | -100.0% |
| Total equity and liabilities | 10/49 | €150,185 | €173,408 | +€23,224 | +15.5% |
| Equity | 10/15 | €122,480 | €144,948 | +€22,468 | +18.3% |
| Reserves | 13 | €122,480 | €144,948 | +€22,468 | +18.3% |
| Distributable reserves | 133 | €122,480 | €144,948 | +€22,468 | +18.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €27,704 | €28,460 | +€756 | +2.7% |
| Amounts payable after more than one year | 17 | €942 | €0 | -€942 | -100.0% |
| Financial debts | 170/4 | €942 | €0 | -€942 | -100.0% |
| Amounts payable within one year | 42/48 | €26,762 | €28,460 | +€1,698 | +6.3% |
| Current portion of amounts payable after more than one year | 42 | €15,432 | €942 | -€14,489 | -93.9% |
| Financial debts | 43 | - | €5,048 | +€5,048 | |
| Credit institutions | 430/8 | - | €5,048 | +€5,048 | |
| Trade debts | 44 | €1,329 | €4,122 | +€2,792 | +210.1% |
| Suppliers | 440/4 | €1,329 | €4,122 | +€2,792 | +210.1% |
| Taxes, remuneration and social security | 45 | €8,926 | €16,064 | +€7,138 | +80.0% |
| Taxes | 450/3 | €8,926 | €16,064 | +€7,138 | +80.0% |
| Other amounts payable | 47/48 | €1,075 | €2,284 | +€1,209 | +112.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,914 | €21,196 | +€282 | +1.3% |
| Other operating charges | 640/8 | €629 | €647 | +€18 | +2.9% |
| Gross operating margin | 9900 | €80,037 | €73,475 | -€6,562 | -8.2% |
| Operating profit (loss) | 9901 | €58,494 | €51,632 | -€6,862 | -11.7% |
| Financial income | 75/76B | - | €307 | +€307 | |
| Recurring financial income | 75 | - | €307 | +€307 | |
| Financial charges | 65/66B | €1,471 | €1,451 | -€21 | -1.4% |
| Recurring financial charges | 65 | €1,471 | €1,451 | -€21 | -1.4% |
| Profit (loss) for the period before taxes | 9903 | €57,023 | €50,488 | -€6,535 | -11.5% |
| Income taxes | 67/77 | €16,117 | €14,711 | -€1,406 | -8.7% |
| Profit (loss) for the period | 9904 | €40,906 | €35,777 | -€5,128 | -12.5% |
| Profit (loss) for the period to be appropriated | 9905 | €40,906 | €35,777 | -€5,128 | -12.5% |
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 9 October 2026 via checked.be.