VCPL: 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.
VCPL
Largest movements
- Cash -€69,394
down €69,394 (-40.5%), from €171,356 to €101,961
mainly Receivables after one year (-€29,874) and Net result for the year (-€26,153)
- Receivables after one year +€29,874
new in 2025: €29,874
- Profit (loss) carried forward -€26,153
new in 2025: -€26,153
- Reserves -€24,091
down €24,091 (-29.5%), from €81,581 to €57,490
- Other debts +€16,981
up €16,981 (+22.0%), from €77,178 to €94,159
- Tax, wage and social debts -€7,287
down €7,287 (-98.7%), from €7,384 to €97
- Gross operating margin -€56,028
down €56,028, from €36,341 to -€19,686
- Taxes -€7,287
down €7,287 (-98.7%), from €7,384 to €97
- Financial charges +€794
up €794 (+18.2%), from €4,362 to €5,156
- Other operating charges +€714
up €714 (+142.9%), from €499 to €1,213
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 | €176,702 | €137,282 | -€39,420 | -22.3% |
| Current assets | 29/58 | €176,702 | €137,282 | -€39,420 | -22.3% |
| Amounts receivable after more than one year | 29 | - | €29,874 | +€29,874 | |
| Other amounts receivable | 291 | - | €29,874 | +€29,874 | |
| Amounts receivable within one year | 40/41 | €5,346 | €5,446 | +€100 | +1.9% |
| Trade receivables | 40 | €5,324 | €5,324 | = | 0.0% |
| Other amounts receivable | 41 | €22 | €122 | +€100 | +455.9% |
| Cash at bank and in hand | 54/58 | €171,356 | €101,961 | -€69,394 | -40.5% |
| Total equity and liabilities | 10/49 | €176,702 | €137,282 | -€39,420 | -22.3% |
| Equity | 10/15 | €91,581 | €41,337 | -€50,244 | -54.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €81,581 | €57,490 | -€24,091 | -29.5% |
| Distributable reserves | 133 | €81,581 | €57,490 | -€24,091 | -29.5% |
| Profit (loss) carried forward | 14 | - | -€26,153 | -€26,153 | |
| Amounts payable | 17/49 | €85,121 | €95,945 | +€10,825 | +12.7% |
| Amounts payable within one year | 42/48 | €85,121 | €95,945 | +€10,825 | +12.7% |
| Trade debts | 44 | €558 | €1,689 | +€1,130 | +202.4% |
| Suppliers | 440/4 | €558 | €1,689 | +€1,130 | +202.4% |
| Taxes, remuneration and social security | 45 | €7,384 | €97 | -€7,287 | -98.7% |
| Taxes | 450/3 | €7,384 | €97 | -€7,287 | -98.7% |
| Other amounts payable | 47/48 | €77,178 | €94,159 | +€16,981 | +22.0% |
| Other operating charges | 640/8 | €499 | €1,213 | +€714 | +142.9% |
| Non-recurring operating charges | 66A | €4 | €0 | -€4 | -100.0% |
| Gross operating margin | 9900 | €36,341 | -€19,686 | -€56,028 | |
| Operating profit (loss) | 9901 | €35,838 | -€20,899 | -€56,737 | |
| Financial charges | 65/66B | €4,362 | €5,156 | +€794 | +18.2% |
| Recurring financial charges | 65 | €4,362 | €5,156 | +€794 | +18.2% |
| Profit (loss) for the period before taxes | 9903 | €31,476 | -€26,055 | -€57,531 | |
| Income taxes | 67/77 | €7,384 | €97 | -€7,287 | -98.7% |
| Profit (loss) for the period | 9904 | €24,091 | -€26,153 | -€50,244 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,091 | -€26,153 | -€50,244 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.