VC-YK: 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-YK
Largest movements
- Receivables within one year +€228,774
up €228,774 (+224.0%), from €102,110 to €330,884
of which Trade receivables: +€129,150
- Receivables after one year -€145,000
no longer reported in 2024 (was €145,000)
- Tangible fixed assets -€36,580
no longer reported in 2024 (was €36,580)
- Cash -€21,949
down €21,949 (-20.8%), from €105,310 to €83,361
mainly Receivables within one year (-€228,774) and Provisions (-€71,250)
- Reserves -€213,750
down €213,750 (-99.1%), from €215,610 to €1,860
of which Tax-exempt reserves: -€213,750
- Profit (loss) carried forward +€208,687
up €208,687 (+194.2%), from €107,435 to €316,122
- Tax, wage and social debts +€103,335
up €103,335 (+20862.6%), from €495 to €103,830
of which Taxes: +€95,432
- Provisions -€71,250
no longer reported in 2024 (was €71,250)
- Gross operating margin +€89,746
up €89,746, from -€1,600 to €88,146
- Taxes +€83,887
up €83,887 (+2461.0%), from €3,409 to €87,296
- Staff costs +€75,846
new in 2024: €75,846
- Financial income -€6,475
no longer reported in 2024 (was €6,475)
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 | €416,194 | €441,440 | +€25,246 | +6.1% |
| Fixed assets | 21/28 | €36,580 | - | -€36,580 | |
| Tangible fixed assets | 22/27 | €36,580 | - | -€36,580 | |
| Plant, machinery and equipment | 23 | €36,580 | - | -€36,580 | |
| Current assets | 29/58 | €379,615 | €441,440 | +€61,825 | +16.3% |
| Amounts receivable after more than one year | 29 | €145,000 | - | -€145,000 | |
| Trade receivables | 290 | €145,000 | - | -€145,000 | |
| Amounts receivable within one year | 40/41 | €102,110 | €330,884 | +€228,774 | +224.0% |
| Trade receivables | 40 | €11,735 | €140,884 | +€129,150 | +1100.6% |
| Other amounts receivable | 41 | €90,376 | €190,000 | +€99,624 | +110.2% |
| Cash at bank and in hand | 54/58 | €105,310 | €83,361 | -€21,949 | -20.8% |
| Deferred charges and accrued income | 490/1 | €27,195 | €27,195 | = | 0.0% |
| Total equity and liabilities | 10/49 | €416,194 | €441,440 | +€25,246 | +6.1% |
| Equity | 10/15 | €341,645 | €336,582 | -€5,063 | -1.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €215,610 | €1,860 | -€213,750 | -99.1% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Tax-exempt reserves | 132 | €213,750 | - | -€213,750 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €107,435 | €316,122 | +€208,687 | +194.2% |
| Provisions and deferred taxes | 16 | €71,250 | - | -€71,250 | |
| Deferred taxes | 168 | €71,250 | - | -€71,250 | |
| Amounts payable | 17/49 | €3,300 | €104,858 | +€101,558 | +3077.8% |
| Amounts payable within one year | 42/48 | €3,300 | €104,858 | +€101,558 | +3077.8% |
| Trade debts | 44 | - | €778 | +€778 | |
| Suppliers | 440/4 | - | €778 | +€778 | |
| Taxes, remuneration and social security | 45 | €495 | €103,830 | +€103,335 | +20862.6% |
| Taxes | 450/3 | €495 | €95,927 | +€95,432 | +19267.1% |
| Remuneration and social security | 454/9 | - | €7,903 | +€7,903 | |
| Other amounts payable | 47/48 | €2,804 | €250 | -€2,554 | -91.1% |
| Remuneration, social security and pensions | 62 | - | €75,846 | +€75,846 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €307 | - | -€307 | |
| Other operating charges | 640/8 | €410 | €502 | +€92 | +22.6% |
| Gross operating margin | 9900 | -€1,600 | €88,146 | +€89,746 | |
| Operating profit (loss) | 9901 | -€2,317 | €11,798 | +€14,114 | |
| Financial income | 75/76B | €6,475 | - | -€6,475 | |
| Recurring financial income | 75 | €6,475 | - | -€6,475 | |
| Financial charges | 65/66B | €724 | €814 | +€90 | +12.4% |
| Recurring financial charges | 65 | €724 | €814 | +€90 | +12.4% |
| Profit (loss) for the period before taxes | 9903 | €3,434 | €10,983 | +€7,549 | +219.8% |
| Transfer from deferred taxes | 780 | - | €71,250 | +€71,250 | |
| Income taxes | 67/77 | €3,409 | €87,296 | +€83,887 | +2461.0% |
| Profit (loss) for the period | 9904 | €25 | -€5,063 | -€5,088 | |
| Transfer from tax-exempt reserves | 789 | - | €213,750 | +€213,750 | |
| Profit (loss) for the period to be appropriated | 9905 | €25 | €208,687 | +€208,662 | +820857.8% |
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 6 October 2026 via checked.be.