VC70: 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.
VC70
Largest movements
- Current investments +€24,390
up €24,390 (+31.2%), from €78,049 to €102,439
- Tangible fixed assets -€11,890
down €11,890 (-23.9%), from €49,833 to €37,943
of which Furniture and vehicles: -€7,802
- Receivables within one year +€4,833
up €4,833 (+130%), from €3,729 to €8,562
of which Trade receivables: +€5,544
- Reserves +€15,806
up €15,806 (+16.7%), from €94,905 to €110,711
of which Distributable reserves: +€15,806
- Debts after one year -€12,000
down €12,000 (-23.1%), from €52,000 to €40,000
- Other debts +€7,517
up €7,517 (+136%), from €5,520 to €13,036
- Tax, wage and social debts +€2,970
up €2,970 (+82.4%), from €3,604 to €6,574
- Gross operating margin +€9,894
up €9,894 (+41.5%), from €23,840 to €33,734
- Financial income +€5,953
up €5,953 (+2,483%), from €240 to €6,193
- Taxes +€3,435
up €3,435 (+145%), from €2,361 to €5,796
- Financial charges -€1,052
down €1,052 (-20.4%), from €5,158 to €4,106
- Depreciation +€948
up €948 (+7.7%), from €12,264 to €13,212
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 | €207,022 | €222,171 | +€15,149 | +7.3% |
| Fixed assets | 21/28 | €49,833 | €37,943 | -€11,890 | -23.9% |
| Tangible fixed assets | 22/27 | €49,833 | €37,943 | -€11,890 | -23.9% |
| Plant, machinery and equipment | 23 | €941 | €1,705 | +€765 | +81.3% |
| Furniture and vehicles | 24 | €18,878 | €11,076 | -€7,802 | -41.3% |
| Other tangible fixed assets | 26 | €30,015 | €25,162 | -€4,853 | -16.2% |
| Current assets | 29/58 | €157,189 | €184,228 | +€27,039 | +17.2% |
| Amounts receivable after more than one year | 29 | €40,000 | €40,000 | = | 0.0% |
| Other amounts receivable | 291 | €40,000 | €40,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €3,729 | €8,562 | +€4,833 | +130% |
| Trade receivables | 40 | €3,018 | €8,562 | +€5,544 | +184% |
| Other amounts receivable | 41 | €711 | - | -€711 | |
| Current investments | 50/53 | €78,049 | €102,439 | +€24,390 | +31.2% |
| Cash at bank and in hand | 54/58 | €35,155 | €32,938 | -€2,217 | -6.3% |
| Deferred charges and accrued income | 490/1 | €256 | €289 | +€32 | +12.6% |
| Total equity and liabilities | 10/49 | €207,022 | €222,171 | +€15,149 | +7.3% |
| Equity | 10/15 | €144,905 | €160,711 | +€15,806 | +10.9% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €94,905 | €110,711 | +€15,806 | +16.7% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €89,905 | €105,711 | +€15,806 | +17.6% |
| Amounts payable | 17/49 | €62,117 | €61,460 | -€657 | -1.1% |
| Amounts payable after more than one year | 17 | €52,000 | €40,000 | -€12,000 | -23.1% |
| Financial debts | 170/4 | €52,000 | €40,000 | -€12,000 | -23.1% |
| Amounts payable within one year | 42/48 | €10,117 | €21,460 | +€11,343 | +112% |
| Trade debts | 44 | €993 | €1,849 | +€856 | +86.3% |
| Suppliers | 440/4 | €993 | €1,849 | +€856 | +86.3% |
| Taxes, remuneration and social security | 45 | €3,604 | €6,574 | +€2,970 | +82.4% |
| Taxes | 450/3 | €3,604 | €6,574 | +€2,970 | +82.4% |
| Other amounts payable | 47/48 | €5,520 | €13,036 | +€7,517 | +136% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,264 | €13,212 | +€948 | +7.7% |
| Other operating charges | 640/8 | €1,058 | €1,007 | -€50 | -4.8% |
| Gross operating margin | 9900 | €23,840 | €33,734 | +€9,894 | +41.5% |
| Operating profit (loss) | 9901 | €10,519 | €19,514 | +€8,996 | +85.5% |
| Financial income | 75/76B | €240 | €6,193 | +€5,953 | +2,483% |
| Recurring financial income | 75 | €240 | €6,193 | +€5,953 | +2,483% |
| Financial charges | 65/66B | €5,158 | €4,106 | -€1,052 | -20.4% |
| Recurring financial charges | 65 | €5,158 | €4,106 | -€1,052 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | €5,601 | €21,602 | +€16,001 | +286% |
| Income taxes | 67/77 | €2,361 | €5,796 | +€3,435 | +145% |
| Profit (loss) for the period | 9904 | €3,240 | €15,806 | +€12,566 | +388% |
| Profit (loss) for the period to be appropriated | 9905 | €3,240 | €15,806 | +€12,566 | +388% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.