VAPA: 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.
VAPA
Largest movements
- Deferred charges and accrued income -€14
no longer reported in 2025 (was €14)
- Other debts +€6,338
up €6,338 (+250%), from €2,536 to €8,874
- Trade debts -€4,435
down €4,435 (-23.8%), from €18,626 to €14,191
- Profit (loss) carried forward -€2,219
down €2,219 (-7.2%), from -€30,708 to -€32,927
- Accrued charges and deferred income +€303
up €303 (+35.7%), from €847 to €1,150
- Gross operating margin -€369
down €369 (-34.1%), from -€1,083 to -€1,452
- Other operating charges +€175
up €175 (+29.6%), from €592 to €767
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14 | - | -€14 | |
| Current assets | 29/58 | €14 | - | -€14 | |
| Deferred charges and accrued income | 490/1 | €14 | - | -€14 | |
| Total equity and liabilities | 10/49 | €14 | - | -€14 | |
| Equity | 10/15 | -€21,995 | -€24,214 | -€2,219 | -10.1% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Contributions outside capital | 11 | €6,205 | €6,205 | = | 0.0% |
| Other | 1109/19 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €2,508 | €2,508 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €649 | €649 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,708 | -€32,927 | -€2,219 | -7.2% |
| Amounts payable | 17/49 | €22,009 | €24,214 | +€2,205 | +10.0% |
| Amounts payable within one year | 42/48 | €21,162 | €23,065 | +€1,903 | +9.0% |
| Trade debts | 44 | €18,626 | €14,191 | -€4,435 | -23.8% |
| Suppliers | 440/4 | €18,626 | €14,191 | -€4,435 | -23.8% |
| Other amounts payable | 47/48 | €2,536 | €8,874 | +€6,338 | +250% |
| Accrued charges and deferred income | 492/3 | €847 | €1,150 | +€303 | +35.7% |
| Other operating charges | 640/8 | €592 | €767 | +€175 | +29.6% |
| Gross operating margin | 9900 | -€1,083 | -€1,452 | -€369 | -34.1% |
| Operating profit (loss) | 9901 | -€1,675 | -€2,219 | -€544 | -32.5% |
| Financial income | 75/76B | €14 | - | -€14 | |
| Recurring financial income | 75 | €14 | - | -€14 | |
| Profit (loss) for the period before taxes | 9903 | -€1,661 | -€2,219 | -€558 | -33.6% |
| Profit (loss) for the period | 9904 | -€1,661 | -€2,219 | -€558 | -33.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,661 | -€2,219 | -€558 | -33.6% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.