VC-GESTION: what changed
Two fiscal 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-GESTION
Largest movements
- Receivables within one year +€239,570
up €239,570 (+223.5%), from €107,169 to €346,739
- Cash -€42,056
down €42,056 (-24.3%), from €173,264 to €131,208
mainly Receivables within one year (-€239,570) and Trade debts (-€37,826)
- Tangible fixed assets -€29,154
down €29,154 (-51.1%), from €57,067 to €27,913
- Tax, wage and social debts +€90,227
up €90,227 (+345.0%), from €26,156 to €116,383
of which Taxes: +€100,964
- Other debts +€86,950
up €86,950 (+22600.3%), from €385 to €87,335
- Trade debts -€37,826
down €37,826 (-30.2%), from €125,067 to €87,241
- Profit (loss) carried forward +€21,070
up €21,070 (+9.9%), from €212,660 to €233,730
- Current portion of long-term debt +€17,442
up €17,442 (+47.4%), from €36,818 to €54,260
- Gross operating margin -€770,662
down €770,662 (-84.1%), from €916,164 to €145,502
- Staff costs -€738,547
down €738,547 (-91.1%), from €810,852 to €72,305
- Other operating charges -€36,393
down €36,393 (-93.1%), from €39,083 to €2,690
- Taxes -€13,760
down €13,760 (-61.5%), from €22,365 to €8,605
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.
Cash bridge derived
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 | €837,065 | €1,005,425 | +€168,360 | +20.1% |
| Fixed assets | 21/28 | €556,632 | €527,479 | -€29,154 | -5.2% |
| Tangible fixed assets | 22/27 | €57,067 | €27,913 | -€29,154 | -51.1% |
| Furniture and vehicles | 24 | €57,067 | €27,913 | -€29,154 | -51.1% |
| Financial fixed assets | 28 | €499,565 | €499,565 | = | 0.0% |
| Current assets | 29/58 | €280,433 | €477,947 | +€197,514 | +70.4% |
| Amounts receivable within one year | 40/41 | €107,169 | €346,739 | +€239,570 | +223.5% |
| Trade receivables | 40 | €107,169 | €346,739 | +€239,570 | +223.5% |
| Cash at bank and in hand | 54/58 | €173,264 | €131,208 | -€42,056 | -24.3% |
| Total equity and liabilities | 10/49 | €837,065 | €1,005,425 | +€168,360 | +20.1% |
| Equity | 10/15 | €233,120 | €254,190 | +€21,070 | +9.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €212,660 | €233,730 | +€21,070 | +9.9% |
| Amounts payable | 17/49 | €603,945 | €751,235 | +€147,290 | +24.4% |
| Amounts payable after more than one year | 17 | €386,302 | €376,799 | -€9,503 | -2.5% |
| Financial debts | 170/4 | €386,302 | €376,799 | -€9,503 | -2.5% |
| Amounts payable within one year | 42/48 | €188,426 | €345,219 | +€156,793 | +83.2% |
| Current portion of amounts payable after more than one year | 42 | €36,818 | €54,260 | +€17,442 | +47.4% |
| Trade debts | 44 | €125,067 | €87,241 | -€37,826 | -30.2% |
| Suppliers | 440/4 | €125,067 | €87,241 | -€37,826 | -30.2% |
| Taxes, remuneration and social security | 45 | €26,156 | €116,383 | +€90,227 | +345.0% |
| Taxes | 450/3 | €9,129 | €110,093 | +€100,964 | +1105.9% |
| Remuneration and social security | 454/9 | €17,027 | €6,290 | -€10,737 | -63.1% |
| Other amounts payable | 47/48 | €385 | €87,335 | +€86,950 | +22600.3% |
| Accrued charges and deferred income | 492/3 | €29,217 | €29,217 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €810,852 | €72,305 | -€738,547 | -91.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,570 | €9,570 | -€5,000 | -34.3% |
| Other operating charges | 640/8 | €39,083 | €2,690 | -€36,393 | -93.1% |
| Gross operating margin | 9900 | €916,164 | €145,502 | -€770,662 | -84.1% |
| Operating profit (loss) | 9901 | €51,658 | €60,937 | +€9,279 | +18.0% |
| Financial income | 75/76B | €293 | - | -€293 | |
| Recurring financial income | 75 | €293 | - | -€293 | |
| Financial charges | 65/66B | €25,212 | €31,262 | +€6,049 | +24.0% |
| Recurring financial charges | 65 | €25,212 | €31,262 | +€6,049 | +24.0% |
| Profit (loss) for the period before taxes | 9903 | €26,738 | €29,675 | +€2,937 | +11.0% |
| Income taxes | 67/77 | €22,365 | €8,605 | -€13,760 | -61.5% |
| Profit (loss) for the period | 9904 | €4,373 | €21,070 | +€16,697 | +381.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,373 | €21,070 | +€16,697 | +381.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.