VC Projects: 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 Projects
Largest movements
- Cash -€5,632
down €5,632 (-11.7%), from €48,274 to €42,641
mainly Investment in fixed assets (net) (-€2,500) and Net result for the year (-€2,350)
- Financial fixed assets +€2,500
new in 2025: €2,500
- Receivables within one year +€586
up €586 (+7.5%), from €7,845 to €8,431
of which Other amounts receivable: +€586
- Reserves -€2,350
down €2,350 (-5.6%), from €41,990 to €39,639
- Tax, wage and social debts -€699
down €699 (-40.4%), from €1,729 to €1,030
- Gross operating margin -€12,129
down €12,129, from €9,920 to -€2,209
- Taxes -€885
down €885 (-100.0%), from €885 to €0
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.
Cash bridge derived
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 | €56,119 | €53,572 | -€2,546 | -4.5% |
| Fixed assets | 21/28 | - | €2,500 | +€2,500 | |
| Financial fixed assets | 28 | - | €2,500 | +€2,500 | |
| Current assets | 29/58 | €56,119 | €51,072 | -€5,046 | -9.0% |
| Amounts receivable within one year | 40/41 | €7,845 | €8,431 | +€586 | +7.5% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €7,845 | €8,431 | +€586 | +7.5% |
| Cash at bank and in hand | 54/58 | €48,274 | €42,641 | -€5,632 | -11.7% |
| Total equity and liabilities | 10/49 | €56,119 | €53,572 | -€2,546 | -4.5% |
| Equity | 10/15 | €54,390 | €52,039 | -€2,350 | -4.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €41,990 | €39,639 | -€2,350 | -5.6% |
| Distributable reserves | 133 | €41,990 | €39,639 | -€2,350 | -5.6% |
| Amounts payable | 17/49 | €1,729 | €1,533 | -€196 | -11.3% |
| Amounts payable within one year | 42/48 | €1,729 | €1,533 | -€196 | -11.3% |
| Trade debts | 44 | - | €503 | +€503 | |
| Suppliers | 440/4 | - | €503 | +€503 | |
| Taxes, remuneration and social security | 45 | €1,729 | €1,030 | -€699 | -40.4% |
| Taxes | 450/3 | €1,729 | €1,030 | -€699 | -40.4% |
| Other operating charges | 640/8 | €513 | €465 | -€48 | -9.3% |
| Gross operating margin | 9900 | €9,920 | -€2,209 | -€12,129 | |
| Operating profit (loss) | 9901 | €9,406 | -€2,675 | -€12,081 | |
| Financial income | 75/76B | €469 | €535 | +€66 | +14.2% |
| Recurring financial income | 75 | €469 | €535 | +€66 | +14.2% |
| Financial charges | 65/66B | €145 | €211 | +€66 | +45.5% |
| Recurring financial charges | 65 | €145 | €211 | +€66 | +45.5% |
| Profit (loss) for the period before taxes | 9903 | €9,730 | -€2,350 | -€12,081 | |
| Income taxes | 67/77 | €885 | €0 | -€885 | -100.0% |
| Profit (loss) for the period | 9904 | €8,846 | -€2,350 | -€11,196 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,846 | -€2,350 | -€11,196 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.