VCAM: 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.
VCAM
Largest movements
- Cash +€96,916
up €96,916 (+4845.8%), from €2,000 to €98,916
mainly Net result for the year (+€80,969) and Other debts (+€19,893)
- Financial fixed assets +€2,000
new in 2025: €2,000
- Reserves +€62,969
new in 2025: €62,969
- Other debts +€19,893
new in 2025: €19,893
- Tax, wage and social debts +€12,009
new in 2025: €12,009
- Trade debts +€4,045
new in 2025: €4,045
- Gross operating margin +€109,284
new in 2025: €109,284
- Taxes +€28,019
new in 2025: €28,019
From the 2024 result to the 2025 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
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 | €2,000 | €100,916 | +€98,916 | +4945.8% |
| Fixed assets | 21/28 | - | €2,000 | +€2,000 | |
| Financial fixed assets | 28 | - | €2,000 | +€2,000 | |
| Current assets | 29/58 | €2,000 | €98,916 | +€96,916 | +4845.8% |
| Cash at bank and in hand | 54/58 | €2,000 | €98,916 | +€96,916 | +4845.8% |
| Total equity and liabilities | 10/49 | €2,000 | €100,916 | +€98,916 | +4945.8% |
| Equity | 10/15 | €2,000 | €64,969 | +€62,969 | +3148.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €62,969 | +€62,969 | |
| Distributable reserves | 133 | - | €62,969 | +€62,969 | |
| Amounts payable | 17/49 | - | €35,947 | +€35,947 | |
| Amounts payable within one year | 42/48 | - | €35,947 | +€35,947 | |
| Trade debts | 44 | - | €4,045 | +€4,045 | |
| Suppliers | 440/4 | - | €4,045 | +€4,045 | |
| Taxes, remuneration and social security | 45 | - | €12,009 | +€12,009 | |
| Taxes | 450/3 | - | €12,009 | +€12,009 | |
| Other amounts payable | 47/48 | - | €19,893 | +€19,893 | |
| Gross operating margin | 9900 | - | €109,284 | +€109,284 | |
| Operating profit (loss) | 9901 | - | €109,284 | +€109,284 | |
| Financial charges | 65/66B | - | €296 | +€296 | |
| Recurring financial charges | 65 | - | €296 | +€296 | |
| Profit (loss) for the period before taxes | 9903 | - | €108,987 | +€108,987 | |
| Income taxes | 67/77 | - | €28,019 | +€28,019 | |
| Profit (loss) for the period | 9904 | - | €80,969 | +€80,969 | |
| Profit (loss) for the period to be appropriated | 9905 | - | €80,969 | +€80,969 |
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 3 October 2026 via checked.be.