VC SOLUTIONS: 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 SOLUTIONS
Largest movements
- Receivables within one year -€52,469
down €52,469 (-58.5%), from €89,657 to €37,188
of which Other amounts receivable: -€54,721
- Cash +€18,797
up €18,797 (+15.3%), from €122,489 to €141,286
mainly Net result for the year (+€91,509) and Receivables within one year (+€52,469)
- Current investments +€10,641
new in 2026: €10,641
- Tangible fixed assets +€7,685
up €7,685 (+138.5%), from €5,548 to €13,232
of which Furniture and vehicles: +€4,023
- Profit (loss) carried forward -€28,491
down €28,491 (-67.3%), from €42,335 to €13,844
- Tax, wage and social debts +€17,041
up €17,041 (+40.1%), from €42,476 to €59,517
- Other debts -€15,821
down €15,821 (-12.4%), from €127,500 to €111,679
- Trade debts +€10,295
up €10,295 (+984.7%), from €1,045 to €11,341
- Gross operating margin +€11,616
up €11,616 (+9.8%), from €118,284 to €129,900
- Taxes +€4,973
up €4,973 (+18.8%), from €26,453 to €31,425
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €217,693 | €202,346 | -€15,346 | -7.0% |
| Fixed assets | 21/28 | €5,548 | €13,232 | +€7,685 | +138.5% |
| Tangible fixed assets | 22/27 | €5,548 | €13,232 | +€7,685 | +138.5% |
| Land and buildings | 22 | €1,098 | €945 | -€153 | -14.0% |
| Plant, machinery and equipment | 23 | €3,454 | €7,268 | +€3,815 | +110.4% |
| Furniture and vehicles | 24 | €996 | €5,019 | +€4,023 | +404.1% |
| Current assets | 29/58 | €212,145 | €189,114 | -€23,031 | -10.9% |
| Amounts receivable within one year | 40/41 | €89,657 | €37,188 | -€52,469 | -58.5% |
| Trade receivables | 40 | €34,935 | €37,188 | +€2,252 | +6.4% |
| Other amounts receivable | 41 | €54,721 | - | -€54,721 | |
| Current investments | 50/53 | - | €10,641 | +€10,641 | |
| Cash at bank and in hand | 54/58 | €122,489 | €141,286 | +€18,797 | +15.3% |
| Total equity and liabilities | 10/49 | €217,693 | €202,346 | -€15,346 | -7.0% |
| Equity | 10/15 | €45,335 | €16,844 | -€28,491 | -62.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,335 | €13,844 | -€28,491 | -67.3% |
| Amounts payable | 17/49 | €172,358 | €185,502 | +€13,144 | +7.6% |
| Amounts payable within one year | 42/48 | €172,358 | €185,502 | +€13,144 | +7.6% |
| Financial debts | 43 | €1,336 | €2,966 | +€1,630 | +121.9% |
| Credit institutions | 430/8 | €1,336 | - | -€1,336 | |
| Other loans | 439 | - | €2,966 | +€2,966 | |
| Trade debts | 44 | €1,045 | €11,341 | +€10,295 | +984.7% |
| Suppliers | 440/4 | €1,045 | €11,341 | +€10,295 | +984.7% |
| Taxes, remuneration and social security | 45 | €42,476 | €59,517 | +€17,041 | +40.1% |
| Taxes | 450/3 | €42,476 | €59,517 | +€17,041 | +40.1% |
| Other amounts payable | 47/48 | €127,500 | €111,679 | -€15,821 | -12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €656 | €1,607 | +€951 | +145.1% |
| Other operating charges | 640/8 | €2,233 | €1,938 | -€295 | -13.2% |
| Gross operating margin | 9900 | €118,284 | €129,900 | +€11,616 | +9.8% |
| Operating profit (loss) | 9901 | €115,396 | €126,355 | +€10,959 | +9.5% |
| Financial income | 75/76B | €3 | €141 | +€137 | +4046.3% |
| Recurring financial income | 75 | €3 | €141 | +€137 | +4046.3% |
| Financial charges | 65/66B | €3,098 | €3,561 | +€463 | +15.0% |
| Recurring financial charges | 65 | €3,098 | €3,561 | +€463 | +15.0% |
| Profit (loss) for the period before taxes | 9903 | €112,302 | €122,934 | +€10,633 | +9.5% |
| Income taxes | 67/77 | €26,453 | €31,425 | +€4,973 | +18.8% |
| Profit (loss) for the period | 9904 | €85,849 | €91,509 | +€5,660 | +6.6% |
| Profit (loss) for the period to be appropriated | 9905 | €85,849 | €91,509 | +€5,660 | +6.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.