VAT HOUSE 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.
VAT HOUSE SERVICES
Largest movements
- Receivables within one year +€834,170
up €834,170 (+49.3%), from €1.7m to €2.5m
of which Trade receivables: +€807,665
- Trade debts +€878,223
up €878,223 (+51.1%), from €1.7m to €2.6m
- Tax, wage and social debts -€73,202
down €73,202 (-36.4%), from €201,368 to €128,165
of which Remuneration and social security: -€93,486
- Profit (loss) carried forward +€33,953
up €33,953 (+18.3%), from -€185,493 to -€151,540
- Gross operating margin +€193,229
up €193,229 (+21.5%), from €898,411 to €1.1m
- Staff costs +€43,657
up €43,657 (+4.4%), from €988,402 to €1.0m
- Taxes +€25,063
up €25,063 (+89.0%), from €28,172 to €53,235
- Financial income +€18,348
up €18,348 (+2,911%), from €630 to €18,979
- Write-downs -€17,740
down €17,740, from €8,870 to -€8,870
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,815,000 | €2,653,974 | +€838,974 | +46.2% |
| Fixed assets | 21/28 | €5,312 | €3,264 | -€2,048 | -38.6% |
| Financial fixed assets | 28 | €5,312 | €3,264 | -€2,048 | -38.6% |
| Current assets | 29/58 | €1,809,688 | €2,650,710 | +€841,022 | +46.5% |
| Amounts receivable within one year | 40/41 | €1,693,474 | €2,527,644 | +€834,170 | +49.3% |
| Trade receivables | 40 | €1,682,091 | €2,489,755 | +€807,665 | +48.0% |
| Other amounts receivable | 41 | €11,383 | €37,889 | +€26,506 | +233% |
| Cash at bank and in hand | 54/58 | €116,213 | €123,066 | +€6,852 | +5.9% |
| Total equity and liabilities | 10/49 | €1,815,000 | €2,653,974 | +€838,974 | +46.2% |
| Equity | 10/15 | -€104,093 | -€70,140 | +€33,953 | +32.6% |
| Contributions | 10/11 | €74,000 | €74,000 | = | 0.0% |
| Capital | 10 | €74,000 | €74,000 | = | 0.0% |
| Issued capital | 100 | €74,000 | €74,000 | = | 0.0% |
| Reserves | 13 | €7,400 | €7,400 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,400 | €7,400 | = | 0.0% |
| Legal reserve | 130 | €7,400 | €7,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€185,493 | -€151,540 | +€33,953 | +18.3% |
| Amounts payable | 17/49 | €1,919,093 | €2,724,114 | +€805,021 | +41.9% |
| Amounts payable within one year | 42/48 | €1,919,093 | €2,724,114 | +€805,021 | +41.9% |
| Trade debts | 44 | €1,717,725 | €2,595,948 | +€878,223 | +51.1% |
| Suppliers | 440/4 | €1,717,725 | €2,595,948 | +€878,223 | +51.1% |
| Taxes, remuneration and social security | 45 | €201,368 | €128,165 | -€73,202 | -36.4% |
| Taxes | 450/3 | €18,648 | €38,932 | +€20,284 | +109% |
| Remuneration and social security | 454/9 | €182,720 | €89,234 | -€93,486 | -51.2% |
| Other amounts payable | 47/48 | - | €1 | +€1 | |
| Remuneration, social security and pensions | 62 | €988,402 | €1,032,059 | +€43,657 | +4.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,870 | -€8,870 | -€17,740 | |
| Non-recurring operating charges | 66A | -€71,637 | - | +€71,637 | |
| Gross operating margin | 9900 | €898,411 | €1,091,640 | +€193,229 | +21.5% |
| Operating profit (loss) | 9901 | -€27,224 | €68,452 | +€95,676 | |
| Financial income | 75/76B | €630 | €18,979 | +€18,348 | +2,911% |
| Recurring financial income | 75 | €630 | €18,979 | +€18,348 | +2,911% |
| Financial charges | 65/66B | €69 | €242 | +€173 | +250% |
| Recurring financial charges | 65 | €69 | €242 | +€173 | +250% |
| Profit (loss) for the period before taxes | 9903 | -€26,663 | €87,189 | +€113,852 | |
| Income taxes | 67/77 | €28,172 | €53,235 | +€25,063 | +89.0% |
| Profit (loss) for the period | 9904 | -€54,835 | €33,953 | +€88,789 | |
| Profit (loss) for the period to be appropriated | 9905 | -€54,835 | €33,953 | +€88,789 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.