VC Enterprise: 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.
VC Enterprise
Largest movements
- Tangible fixed assets +€21,042
new in 2025: €21,042
of which Furniture and vehicles: +€19,873
- Stocks and contracts +€5,042
up €5,042 (+68.3%), from €7,381 to €12,423
- Receivables within one year -€1,227
down €1,227 (-80.3%), from €1,527 to €300
- Cash +€678
new in 2025: €678
mainly Other debts (+€37,342) and Depreciation (+€2,649)
- Other debts +€37,342
up €37,342 (+299%), from €12,475 to €49,817
- Profit (loss) carried forward -€6,349
down €6,349 (-27.6%), from -€22,995 to -€29,344
- Current portion of long-term debt -€4,838
down €4,838 (-59.7%), from €8,103 to €3,265
- Debts after one year -€3,265
no longer reported in 2025 (was €3,265)
- Trade debts +€1,873
new in 2025: €1,873
- Depreciation +€2,649
new in 2025: €2,649
- Other operating charges -€1,327
no longer reported in 2025 (was €1,327)
- Financial charges -€1,031
down €1,031 (-64.0%), from €1,611 to €581
- Gross operating margin +€798
up €798 (+20.4%), from -€3,917 to -€3,119
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 | €8,908 | €34,442 | +€25,534 | +287% |
| Fixed assets | 21/28 | - | €21,042 | +€21,042 | |
| Tangible fixed assets | 22/27 | - | €21,042 | +€21,042 | |
| Plant, machinery and equipment | 23 | - | €1,169 | +€1,169 | |
| Furniture and vehicles | 24 | - | €19,873 | +€19,873 | |
| Current assets | 29/58 | €8,908 | €13,401 | +€4,493 | +50.4% |
| Stocks and contracts in progress | 3 | €7,381 | €12,423 | +€5,042 | +68.3% |
| Stocks | 30/36 | €7,381 | €12,423 | +€5,042 | +68.3% |
| Amounts receivable within one year | 40/41 | €1,527 | €300 | -€1,227 | -80.3% |
| Other amounts receivable | 41 | €1,527 | €300 | -€1,227 | -80.3% |
| Cash at bank and in hand | 54/58 | - | €678 | +€678 | |
| Total equity and liabilities | 10/49 | €8,908 | €34,442 | +€25,534 | +287% |
| Equity | 10/15 | -€14,935 | -€21,284 | -€6,349 | -42.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,995 | -€29,344 | -€6,349 | -27.6% |
| Amounts payable | 17/49 | €23,843 | €55,726 | +€31,883 | +134% |
| Amounts payable after more than one year | 17 | €3,265 | - | -€3,265 | |
| Financial debts | 170/4 | €3,265 | - | -€3,265 | |
| Amounts payable within one year | 42/48 | €20,578 | €55,726 | +€35,148 | +171% |
| Current portion of amounts payable after more than one year | 42 | €8,103 | €3,265 | -€4,838 | -59.7% |
| Trade debts | 44 | - | €1,873 | +€1,873 | |
| Suppliers | 440/4 | - | €1,873 | +€1,873 | |
| Taxes, remuneration and social security | 45 | - | €771 | +€771 | |
| Taxes | 450/3 | - | €771 | +€771 | |
| Other amounts payable | 47/48 | €12,475 | €49,817 | +€37,342 | +299% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,649 | +€2,649 | |
| Other operating charges | 640/8 | €1,327 | - | -€1,327 | |
| Gross operating margin | 9900 | -€3,917 | -€3,119 | +€798 | +20.4% |
| Operating profit (loss) | 9901 | -€5,245 | -€5,768 | -€524 | -10.0% |
| Financial charges | 65/66B | €1,611 | €581 | -€1,031 | -64.0% |
| Recurring financial charges | 65 | €1,611 | €581 | -€1,031 | -64.0% |
| Profit (loss) for the period before taxes | 9903 | -€6,856 | -€6,349 | +€507 | +7.4% |
| Profit (loss) for the period | 9904 | -€6,856 | -€6,349 | +€507 | +7.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,856 | -€6,349 | +€507 | +7.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.