VCPRO: 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.
VCPRO
Largest movements
- Receivables within one year -€10,666
down €10,666 (-34.8%), from €30,689 to €20,022
of which Trade receivables: -€9,177
- Cash +€3,631
up €3,631 (+14.1%), from €25,819 to €29,450
mainly Net result for the year (+€11,232) and Receivables within one year (+€10,666)
- Current portion of long-term debt -€5,588
down €5,588 (-93.1%), from €6,000 to €412
- Profit (loss) carried forward -€2,086
down €2,086, from €539 to -€1,547
- Tax, wage and social debts +€746
up €746 (+7.7%), from €9,662 to €10,408
of which Taxes: +€4,574
- Gross operating margin -€8,478
down €8,478 (-27.4%), from €30,959 to €22,481
- Taxes +€1,799
up €1,799 (+24.6%), from €7,327 to €9,126
- Financial charges +€746
up €746, from -€168 to €577
- Other operating charges +€340
up €340 (+29.9%), from €1,139 to €1,479
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 | €56,507 | €49,992 | -€6,515 | -11.5% |
| Fixed assets | 21/28 | - | €520 | +€520 | |
| Tangible fixed assets | 22/27 | - | €520 | +€520 | |
| Furniture and vehicles | 24 | - | €520 | +€520 | |
| Current assets | 29/58 | €56,507 | €49,472 | -€7,035 | -12.4% |
| Amounts receivable within one year | 40/41 | €30,689 | €20,022 | -€10,666 | -34.8% |
| Trade receivables | 40 | €21,178 | €12,001 | -€9,177 | -43.3% |
| Other amounts receivable | 41 | €9,511 | €8,021 | -€1,490 | -15.7% |
| Cash at bank and in hand | 54/58 | €25,819 | €29,450 | +€3,631 | +14.1% |
| Total equity and liabilities | 10/49 | €56,507 | €49,992 | -€6,515 | -11.5% |
| Equity | 10/15 | €39,539 | €37,453 | -€2,086 | -5.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €37,000 | €37,000 | = | 0.0% |
| Distributable reserves | 133 | €37,000 | €37,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €539 | -€1,547 | -€2,086 | |
| Amounts payable | 17/49 | €16,968 | €12,539 | -€4,429 | -26.1% |
| Amounts payable within one year | 42/48 | €16,968 | €12,539 | -€4,429 | -26.1% |
| Current portion of amounts payable after more than one year | 42 | €6,000 | €412 | -€5,588 | -93.1% |
| Trade debts | 44 | €1,306 | €1,719 | +€413 | +31.6% |
| Suppliers | 440/4 | €1,306 | €1,719 | +€413 | +31.6% |
| Taxes, remuneration and social security | 45 | €9,662 | €10,408 | +€746 | +7.7% |
| Taxes | 450/3 | €5,834 | €10,408 | +€4,574 | +78.4% |
| Remuneration and social security | 454/9 | €3,828 | €0 | -€3,828 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €67 | +€67 | |
| Other operating charges | 640/8 | €1,139 | €1,479 | +€340 | +29.9% |
| Gross operating margin | 9900 | €30,959 | €22,481 | -€8,478 | -27.4% |
| Operating profit (loss) | 9901 | €29,820 | €20,935 | -€8,885 | -29.8% |
| Financial income | 75/76B | €24 | €0 | -€24 | -100.0% |
| Recurring financial income | 75 | €24 | €0 | -€24 | -100.0% |
| Financial charges | 65/66B | -€168 | €577 | +€746 | |
| Recurring financial charges | 65 | -€168 | €577 | +€746 | |
| Profit (loss) for the period before taxes | 9903 | €30,013 | €20,358 | -€9,655 | -32.2% |
| Income taxes | 67/77 | €7,327 | €9,126 | +€1,799 | +24.6% |
| Profit (loss) for the period | 9904 | €22,686 | €11,232 | -€11,453 | -50.5% |
| Profit (loss) for the period to be appropriated | 9905 | €22,686 | €11,232 | -€11,453 | -50.5% |
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 11 October 2026 via checked.be.