VA-N SERVICES: 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-N SERVICES
Largest movements
- Current investments +€30,034
new in 2025: €30,034
- Cash -€21,019
down €21,019 (-50.8%), from €41,361 to €20,342
mainly Current investments (-€30,034) and Investment in fixed assets (net) (-€18,793)
- Receivables within one year +€9,684
up €9,684 (+158.2%), from €6,121 to €15,805
of which Trade receivables: +€9,684
- Tangible fixed assets +€8,352
up €8,352 (+114.0%), from €7,327 to €15,679
of which Land and buildings: +€6,203
- Reserves +€33,478
up €33,478 (+39.2%), from €85,335 to €118,813
- Tax, wage and social debts -€4,534
down €4,534 (-52.5%), from €8,639 to €4,105
- Trade debts -€2,662
down €2,662 (-85.2%), from €3,124 to €462
- Short-term financial debts +€2,462
new in 2025: €2,462
- Other debts -€1,629
down €1,629 (-25.9%), from €6,292 to €4,664
- Gross operating margin +€13,604
up €13,604 (+33.0%), from €41,216 to €54,820
- Depreciation +€6,709
up €6,709 (+179.8%), from €3,732 to €10,441
- Taxes -€2,388
down €2,388 (-20.3%), from €11,750 to €9,362
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 | €108,846 | €135,852 | +€27,006 | +24.8% |
| Fixed assets | 21/28 | €7,327 | €15,679 | +€8,352 | +114.0% |
| Tangible fixed assets | 22/27 | €7,327 | €15,679 | +€8,352 | +114.0% |
| Land and buildings | 22 | - | €6,203 | +€6,203 | |
| Plant, machinery and equipment | 23 | €5,019 | €8,377 | +€3,358 | +66.9% |
| Furniture and vehicles | 24 | €2,308 | €1,099 | -€1,209 | -52.4% |
| Current assets | 29/58 | €101,519 | €120,173 | +€18,654 | +18.4% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €6,121 | €15,805 | +€9,684 | +158.2% |
| Trade receivables | 40 | €6,121 | €15,805 | +€9,684 | +158.2% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | - | €30,034 | +€30,034 | |
| Cash at bank and in hand | 54/58 | €41,361 | €20,342 | -€21,019 | -50.8% |
| Deferred charges and accrued income | 490/1 | €4,037 | €3,991 | -€45 | -1.1% |
| Total equity and liabilities | 10/49 | €108,846 | €135,852 | +€27,006 | +24.8% |
| Equity | 10/15 | €90,335 | €123,813 | +€33,478 | +37.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €85,335 | €118,813 | +€33,478 | +39.2% |
| Distributable reserves | 133 | €85,335 | €118,813 | +€33,478 | +39.2% |
| Amounts payable | 17/49 | €18,511 | €12,039 | -€6,472 | -35.0% |
| Amounts payable within one year | 42/48 | €18,055 | €11,693 | -€6,362 | -35.2% |
| Financial debts | 43 | - | €2,462 | +€2,462 | |
| Credit institutions | 430/8 | - | €2,462 | +€2,462 | |
| Trade debts | 44 | €3,124 | €462 | -€2,662 | -85.2% |
| Suppliers | 440/4 | €3,124 | €462 | -€2,662 | -85.2% |
| Taxes, remuneration and social security | 45 | €8,639 | €4,105 | -€4,534 | -52.5% |
| Taxes | 450/3 | €8,639 | €4,105 | -€4,534 | -52.5% |
| Other amounts payable | 47/48 | €6,292 | €4,664 | -€1,629 | -25.9% |
| Accrued charges and deferred income | 492/3 | €456 | €346 | -€110 | -24.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,732 | €10,441 | +€6,709 | +179.8% |
| Other operating charges | 640/8 | €126 | €128 | +€2 | +1.6% |
| Non-recurring operating charges | 66A | - | €1,941 | +€1,941 | |
| Gross operating margin | 9900 | €41,216 | €54,820 | +€13,604 | +33.0% |
| Operating profit (loss) | 9901 | €37,358 | €42,309 | +€4,951 | +13.3% |
| Financial income | 75/76B | €1,042 | €1,299 | +€257 | +24.7% |
| Recurring financial income | 75 | €1,042 | €1,299 | +€257 | +24.7% |
| Financial charges | 65/66B | €1,029 | €768 | -€261 | -25.4% |
| Recurring financial charges | 65 | €1,029 | €768 | -€261 | -25.4% |
| Profit (loss) for the period before taxes | 9903 | €37,371 | €42,840 | +€5,470 | +14.6% |
| Income taxes | 67/77 | €11,750 | €9,362 | -€2,388 | -20.3% |
| Profit (loss) for the period | 9904 | €25,621 | €33,478 | +€7,858 | +30.7% |
| Profit (loss) for the period to be appropriated | 9905 | €25,621 | €33,478 | +€7,858 | +30.7% |
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 10 October 2026 via checked.be.