VA Project Solutions: 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 Project Solutions
Largest movements
- Current investments +€25,000
up €25,000 (+33.3%), from €75,000 to €100,000
- Cash +€17,306
up €17,306 (+90.4%), from €19,134 to €36,441
mainly Net result for the year (+€67,996) and Receivables within one year (+€6,762)
- Deferred charges and accrued income +€10,914
up €10,914 (+1,075%), from €1,015 to €11,930
- Receivables within one year -€6,762
down €6,762 (-47.4%), from €14,276 to €7,515
of which Trade receivables: -€10,665
- Profit (loss) carried forward +€67,996
new in 2025: €67,996
- Tax, wage and social debts -€20,392
down €20,392 (-67.0%), from €30,453 to €10,062
- Taxes -€6,005
down €6,005 (-25.3%), from €23,715 to €17,710
- Financial income +€2,472
up €2,472 (+3,392%), from €73 to €2,545
- Depreciation +€2,457
up €2,457 (+305%), from €806 to €3,263
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 | €119,747 | €167,031 | +€47,283 | +39.5% |
| Fixed assets | 21/28 | €10,321 | €11,146 | +€824 | +8.0% |
| Tangible fixed assets | 22/27 | €10,321 | €11,146 | +€824 | +8.0% |
| Plant, machinery and equipment | 23 | €1,122 | €688 | -€434 | -38.7% |
| Furniture and vehicles | 24 | €5,153 | €6,830 | +€1,677 | +32.5% |
| Other tangible fixed assets | 26 | €4,047 | €3,628 | -€418 | -10.3% |
| Current assets | 29/58 | €109,426 | €155,885 | +€46,459 | +42.5% |
| Amounts receivable within one year | 40/41 | €14,276 | €7,515 | -€6,762 | -47.4% |
| Trade receivables | 40 | €11,519 | €854 | -€10,665 | -92.6% |
| Other amounts receivable | 41 | €2,757 | €6,661 | +€3,904 | +142% |
| Current investments | 50/53 | €75,000 | €100,000 | +€25,000 | +33.3% |
| Cash at bank and in hand | 54/58 | €19,134 | €36,441 | +€17,306 | +90.4% |
| Deferred charges and accrued income | 490/1 | €1,015 | €11,930 | +€10,914 | +1,075% |
| Total equity and liabilities | 10/49 | €119,747 | €167,031 | +€47,283 | +39.5% |
| Equity | 10/15 | €88,669 | €156,665 | +€67,996 | +76.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €85,669 | €85,669 | = | 0.0% |
| Distributable reserves | 133 | €85,669 | €85,669 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €67,996 | +€67,996 | |
| Amounts payable | 17/49 | €31,079 | €10,365 | -€20,713 | -66.6% |
| Amounts payable within one year | 42/48 | €30,964 | €10,365 | -€20,599 | -66.5% |
| Trade debts | 44 | €511 | €304 | -€207 | -40.5% |
| Suppliers | 440/4 | €511 | €304 | -€207 | -40.5% |
| Taxes, remuneration and social security | 45 | €30,453 | €10,062 | -€20,392 | -67.0% |
| Taxes | 450/3 | €30,453 | €10,062 | -€20,392 | -67.0% |
| Accrued charges and deferred income | 492/3 | €114 | - | -€114 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €806 | €3,263 | +€2,457 | +305% |
| Other operating charges | 640/8 | €118 | €247 | +€129 | +109% |
| Gross operating margin | 9900 | €86,434 | €86,775 | +€340 | +0.4% |
| Operating profit (loss) | 9901 | €85,511 | €83,265 | -€2,245 | -2.6% |
| Financial income | 75/76B | €73 | €2,545 | +€2,472 | +3,392% |
| Recurring financial income | 75 | €73 | €2,545 | +€2,472 | +3,392% |
| Financial charges | 65/66B | €284 | €103 | -€180 | -63.5% |
| Recurring financial charges | 65 | €284 | €103 | -€180 | -63.5% |
| Profit (loss) for the period before taxes | 9903 | €85,300 | €85,706 | +€406 | +0.5% |
| Income taxes | 67/77 | €23,715 | €17,710 | -€6,005 | -25.3% |
| Profit (loss) for the period | 9904 | €61,585 | €67,996 | +€6,411 | +10.4% |
| Profit (loss) for the period to be appropriated | 9905 | €61,585 | €67,996 | +€6,411 | +10.4% |
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 14 October 2026 via checked.be.