VAP 2 OHHH: 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.
VAP 2 OHHH
Largest movements
- Receivables within one year -€30,711
down €30,711 (-38.2%), from €80,483 to €49,772
of which Other amounts receivable: -€27,892
- Cash -€22,493
down €22,493 (-57.6%), from €39,072 to €16,579
mainly Net result for the year (-€67,820) and Contributions, distributions and other (-€10,000)
- Stocks and contracts -€17,754
down €17,754 (-55.4%), from €32,023 to €14,270
- Tangible fixed assets -€1,941
down €1,941 (-18.7%), from €10,372 to €8,430
of which Leasing and similar rights: -€6,078
- Profit (loss) carried forward -€67,820
down €67,820, from €40,472 to -€27,348
- Reserves -€10,000
down €10,000 (-13.9%), from €71,860 to €61,860
- Debts after one year -€5,848
down €5,848 (-100%), from €5,848 to €0
- Current portion of long-term debt +€3,709
up €3,709 (+70.2%), from €5,280 to €8,989
- Trade debts +€3,186
up €3,186 (+23.6%), from €13,489 to €16,675
- Staff costs +€35,991
up €35,991 (+41.3%), from €87,180 to €123,171
- Other operating charges -€13,791
down €13,791 (-85.6%), from €16,108 to €2,316
- Gross operating margin +€10,475
up €10,475 (+20.2%), from €51,734 to €62,209
- Financial charges +€4,557
up €4,557 (+130%), from €3,505 to €8,062
- Depreciation -€2,835
down €2,835 (-37.5%), from €7,552 to €4,717
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 | €165,881 | €91,589 | -€74,292 | -44.8% |
| Fixed assets | 21/28 | €13,357 | €10,015 | -€3,341 | -25.0% |
| Tangible fixed assets | 22/27 | €10,372 | €8,430 | -€1,941 | -18.7% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €3,427 | €7,037 | +€3,610 | +105% |
| Furniture and vehicles | 24 | - | €527 | +€527 | |
| Leasing and similar rights | 25 | €6,944 | €866 | -€6,078 | -87.5% |
| Financial fixed assets | 28 | €2,985 | €1,585 | -€1,400 | -46.9% |
| Current assets | 29/58 | €152,524 | €81,573 | -€70,951 | -46.5% |
| Stocks and contracts in progress | 3 | €32,023 | €14,270 | -€17,754 | -55.4% |
| Stocks | 30/36 | €32,023 | €14,270 | -€17,754 | -55.4% |
| Amounts receivable within one year | 40/41 | €80,483 | €49,772 | -€30,711 | -38.2% |
| Trade receivables | 40 | €5,210 | €2,391 | -€2,819 | -54.1% |
| Other amounts receivable | 41 | €75,273 | €47,381 | -€27,892 | -37.1% |
| Cash at bank and in hand | 54/58 | €39,072 | €16,579 | -€22,493 | -57.6% |
| Deferred charges and accrued income | 490/1 | €945 | €952 | +€7 | +0.7% |
| Total equity and liabilities | 10/49 | €165,881 | €91,589 | -€74,292 | -44.8% |
| Equity | 10/15 | €122,932 | €45,112 | -€77,820 | -63.3% |
| Contributions | 10/11 | €10,600 | €10,600 | = | 0.0% |
| Reserves | 13 | €71,860 | €61,860 | -€10,000 | -13.9% |
| Distributable reserves | 133 | €71,860 | €61,860 | -€10,000 | -13.9% |
| Profit (loss) carried forward | 14 | €40,472 | -€27,348 | -€67,820 | |
| Amounts payable | 17/49 | €42,948 | €46,477 | +€3,528 | +8.2% |
| Amounts payable after more than one year | 17 | €5,848 | €0 | -€5,848 | -100% |
| Financial debts | 170/4 | €5,848 | €0 | -€5,848 | -100% |
| Amounts payable within one year | 42/48 | €37,100 | €46,477 | +€9,377 | +25.3% |
| Current portion of amounts payable after more than one year | 42 | €5,280 | €8,989 | +€3,709 | +70.2% |
| Trade debts | 44 | €13,489 | €16,675 | +€3,186 | +23.6% |
| Suppliers | 440/4 | €13,489 | €16,675 | +€3,186 | +23.6% |
| Taxes, remuneration and social security | 45 | €18,331 | €20,812 | +€2,482 | +13.5% |
| Taxes | 450/3 | €7,240 | €2,475 | -€4,765 | -65.8% |
| Remuneration and social security | 454/9 | €11,091 | €18,337 | +€7,246 | +65.3% |
| Other amounts payable | 47/48 | - | €0 | = | |
| Turnover | 70 | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Remuneration, social security and pensions | 62 | €87,180 | €123,171 | +€35,991 | +41.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,552 | €4,717 | -€2,835 | -37.5% |
| Other operating charges | 640/8 | €16,108 | €2,316 | -€13,791 | -85.6% |
| Gross operating margin | 9900 | €51,734 | €62,209 | +€10,475 | +20.2% |
| Operating profit (loss) | 9901 | -€59,106 | -€67,996 | -€8,890 | -15.0% |
| Financial income | 75/76B | €5,614 | €8,026 | +€2,412 | +43.0% |
| Recurring financial income | 75 | €4,654 | €3,457 | -€1,197 | -25.7% |
| Non-recurring financial income | 76B | €960 | €4,569 | +€3,609 | +376% |
| Financial charges | 65/66B | €3,505 | €8,062 | +€4,557 | +130% |
| Recurring financial charges | 65 | €3,505 | €8,062 | +€4,557 | +130% |
| Profit (loss) for the period before taxes | 9903 | -€56,996 | -€68,032 | -€11,035 | -19.4% |
| Income taxes | 67/77 | €1,000 | -€212 | -€1,212 | |
| Profit (loss) for the period | 9904 | -€57,996 | -€67,820 | -€9,824 | -16.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€57,996 | -€67,820 | -€9,824 | -16.9% |
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 26 October 2026 via checked.be.