vCISO: 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.
vCISO
Largest movements
- Receivables within one year +€115,536
up €115,536 (+1054.5%), from €10,956 to €126,493
of which Other amounts receivable: +€110,797
- Receivables after one year -€50,000
down €50,000 (-100.0%), from €50,000 to €0
- Current investments +€8,072
up €8,072 (+9.0%), from €90,065 to €98,137
- Tangible fixed assets -€5,714
down €5,714 (-32.1%), from €17,816 to €12,102
- Profit (loss) carried forward +€87,713
up €87,713 (+116.2%), from €75,514 to €163,227
- Tax, wage and social debts -€14,526
down €14,526 (-51.1%), from €28,448 to €13,922
- Gross operating margin +€13,255
up €13,255 (+13.2%), from €100,522 to €113,777
- Taxes +€3,314
up €3,314 (+15.9%), from €20,817 to €24,132
- Financial income +€1,434
up €1,434 (+46.0%), from €3,119 to €4,553
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 | €170,154 | €241,545 | +€71,390 | +42.0% |
| Fixed assets | 21/28 | €17,816 | €12,102 | -€5,714 | -32.1% |
| Tangible fixed assets | 22/27 | €17,816 | €12,102 | -€5,714 | -32.1% |
| Furniture and vehicles | 24 | €17,816 | €12,102 | -€5,714 | -32.1% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €152,338 | €229,442 | +€77,104 | +50.6% |
| Amounts receivable after more than one year | 29 | €50,000 | €0 | -€50,000 | -100.0% |
| Other amounts receivable | 291 | €50,000 | €0 | -€50,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €10,956 | €126,493 | +€115,536 | +1054.5% |
| Trade receivables | 40 | €10,950 | €15,689 | +€4,739 | +43.3% |
| Other amounts receivable | 41 | €6 | €110,804 | +€110,797 | +1731208.6% |
| Current investments | 50/53 | €90,065 | €98,137 | +€8,072 | +9.0% |
| Cash at bank and in hand | 54/58 | €674 | €2,761 | +€2,087 | +309.9% |
| Deferred charges and accrued income | 490/1 | €644 | €2,052 | +€1,408 | +218.8% |
| Total equity and liabilities | 10/49 | €170,154 | €241,545 | +€71,390 | +42.0% |
| Equity | 10/15 | €139,214 | €226,927 | +€87,713 | +63.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €60,700 | €60,700 | = | 0.0% |
| Distributable reserves | 133 | €60,700 | €60,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | €75,514 | €163,227 | +€87,713 | +116.2% |
| Amounts payable | 17/49 | €30,941 | €14,618 | -€16,323 | -52.8% |
| Amounts payable within one year | 42/48 | €30,941 | €14,618 | -€16,323 | -52.8% |
| Trade debts | 44 | €686 | €696 | +€10 | +1.5% |
| Suppliers | 440/4 | €686 | €696 | +€10 | +1.5% |
| Taxes, remuneration and social security | 45 | €28,448 | €13,922 | -€14,526 | -51.1% |
| Taxes | 450/3 | €28,448 | €13,922 | -€14,526 | -51.1% |
| Other amounts payable | 47/48 | €1,807 | €0 | -€1,807 | -100.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €250 | €250 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,160 | €5,714 | +€554 | +10.7% |
| Other operating charges | 640/8 | €107 | €431 | +€324 | +304.5% |
| Gross operating margin | 9900 | €100,522 | €113,777 | +€13,255 | +13.2% |
| Operating profit (loss) | 9901 | €95,005 | €107,382 | +€12,377 | +13.0% |
| Financial income | 75/76B | €3,119 | €4,553 | +€1,434 | +46.0% |
| Recurring financial income | 75 | €3,119 | €4,553 | +€1,434 | +46.0% |
| Financial charges | 65/66B | €132 | €90 | -€42 | -31.6% |
| Recurring financial charges | 65 | €132 | €90 | -€42 | -31.6% |
| Profit (loss) for the period before taxes | 9903 | €97,992 | €111,845 | +€13,853 | +14.1% |
| Income taxes | 67/77 | €20,817 | €24,132 | +€3,314 | +15.9% |
| Profit (loss) for the period | 9904 | €77,174 | €87,713 | +€10,538 | +13.7% |
| Profit (loss) for the period to be appropriated | 9905 | €77,174 | €87,713 | +€10,538 | +13.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.