VA GESTION: 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 GESTION
Largest movements
- Cash -€13,002
down €13,002 (-69.0%), from €18,842 to €5,840
mainly Net result for the year (-€13,146) and Debts after one year (-€8,293)
- Tangible fixed assets -€9,869
down €9,869 (-24.7%), from €39,984 to €30,116
of which Furniture and vehicles: -€9,586
- Receivables within one year -€2,370
down €2,370 (-31.5%), from €7,527 to €5,157
of which Other amounts receivable: -€1,409
- Deferred charges and accrued income +€1,518
new in 2025: €1,518
- Profit (loss) carried forward -€13,146
down €13,146 (-48.5%), from €27,127 to €13,981
- Debts after one year -€8,293
down €8,293 (-30.2%), from €27,426 to €19,133
- Tax, wage and social debts -€1,546
down €1,546 (-91.0%), from €1,699 to €154
- Accrued charges and deferred income -€1,051
no longer reported in 2025 (was €1,051)
- Gross operating margin -€45,990
down €45,990 (-93.4%), from €49,248 to €3,258
- Taxes -€9,690
down €9,690 (-98.4%), from €9,844 to €154
- Other operating charges +€3,464
up €3,464 (+214.6%), from €1,614 to €5,078
- Depreciation +€838
up €838 (+9.3%), from €9,031 to €9,869
- Financial income -€562
no longer reported in 2025 (was €562)
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 | €66,353 | €42,630 | -€23,723 | -35.8% |
| Fixed assets | 21/28 | €39,984 | €30,116 | -€9,869 | -24.7% |
| Tangible fixed assets | 22/27 | €39,984 | €30,116 | -€9,869 | -24.7% |
| Plant, machinery and equipment | 23 | €804 | €521 | -€283 | -35.2% |
| Furniture and vehicles | 24 | €39,180 | €29,595 | -€9,586 | -24.5% |
| Current assets | 29/58 | €26,369 | €12,514 | -€13,854 | -52.5% |
| Amounts receivable within one year | 40/41 | €7,527 | €5,157 | -€2,370 | -31.5% |
| Trade receivables | 40 | €961 | - | -€961 | |
| Other amounts receivable | 41 | €6,566 | €5,157 | -€1,409 | -21.5% |
| Cash at bank and in hand | 54/58 | €18,842 | €5,840 | -€13,002 | -69.0% |
| Deferred charges and accrued income | 490/1 | - | €1,518 | +€1,518 | |
| Total equity and liabilities | 10/49 | €66,353 | €42,630 | -€23,723 | -35.8% |
| Equity | 10/15 | €28,127 | €14,981 | -€13,146 | -46.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,127 | €13,981 | -€13,146 | -48.5% |
| Amounts payable | 17/49 | €38,226 | €27,648 | -€10,578 | -27.7% |
| Amounts payable after more than one year | 17 | €27,426 | €19,133 | -€8,293 | -30.2% |
| Financial debts | 170/4 | €27,426 | €19,133 | -€8,293 | -30.2% |
| Amounts payable within one year | 42/48 | €9,750 | €8,516 | -€1,234 | -12.7% |
| Current portion of amounts payable after more than one year | 42 | €7,971 | €8,293 | +€321 | +4.0% |
| Trade debts | 44 | €79 | €69 | -€10 | -12.5% |
| Suppliers | 440/4 | €79 | €69 | -€10 | -12.5% |
| Taxes, remuneration and social security | 45 | €1,699 | €154 | -€1,546 | -91.0% |
| Taxes | 450/3 | €1,699 | €154 | -€1,546 | -91.0% |
| Accrued charges and deferred income | 492/3 | €1,051 | - | -€1,051 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,031 | €9,869 | +€838 | +9.3% |
| Other operating charges | 640/8 | €1,614 | €5,078 | +€3,464 | +214.6% |
| Gross operating margin | 9900 | €49,248 | €3,258 | -€45,990 | -93.4% |
| Operating profit (loss) | 9901 | €38,603 | -€11,689 | -€50,292 | |
| Financial income | 75/76B | €562 | - | -€562 | |
| Recurring financial income | 75 | €562 | - | -€562 | |
| Financial charges | 65/66B | €1,581 | €1,303 | -€278 | -17.6% |
| Recurring financial charges | 65 | €1,581 | €1,303 | -€278 | -17.6% |
| Profit (loss) for the period before taxes | 9903 | €37,584 | -€12,992 | -€50,576 | |
| Income taxes | 67/77 | €9,844 | €154 | -€9,690 | -98.4% |
| Profit (loss) for the period | 9904 | €27,740 | -€13,146 | -€40,886 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,740 | -€13,146 | -€40,886 |
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.