VCreations: 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.
VCreations
Largest movements
- Cash -€22,122
down €22,122 (-62.1%), from €35,630 to €13,509
mainly Debts after one year (-€411,084) and Other debts (-€385,373)
- Stocks and contracts -€19,364
down €19,364 (-31.8%), from €60,917 to €41,553
- Receivables within one year +€2,812
up €2,812 (+105.8%), from €2,659 to €5,471
of which Trade receivables: +€2,304
- Intangible fixed assets -€1,279
down €1,279 (-100.0%), from €1,279 to €0
- Contributions +€740,000
up €740,000 (+89.2%), from €830,000 to €1.6m
- Debts after one year -€411,084
down €411,084 (-100.0%), from €411,084 to €0
- Other debts -€385,373
down €385,373 (-93.7%), from €411,354 to €25,982
- Profit (loss) carried forward +€9,227
up €9,227 (+0.6%), from -€1.6m to -€1.5m
- Trade debts +€8,020
up €8,020 (+121.6%), from €6,594 to €14,614
- Write-downs +€15,000
new in 2025: €15,000
- Gross operating margin -€14,465
down €14,465 (-33.5%), from €43,134 to €28,669
- Financial charges -€762
down €762 (-19.1%), from €3,989 to €3,227
- Financial income +€660
up €660 (+122161.1%), from €1 to €660
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 | €100,486 | €61,297 | -€39,188 | -39.0% |
| Fixed assets | 21/28 | €1,279 | €0 | -€1,279 | -100.0% |
| Intangible fixed assets | 21 | €1,279 | €0 | -€1,279 | -100.0% |
| Current assets | 29/58 | €99,207 | €61,297 | -€37,909 | -38.2% |
| Stocks and contracts in progress | 3 | €60,917 | €41,553 | -€19,364 | -31.8% |
| Stocks | 30/36 | €60,917 | €41,553 | -€19,364 | -31.8% |
| Amounts receivable within one year | 40/41 | €2,659 | €5,471 | +€2,812 | +105.8% |
| Trade receivables | 40 | €2,261 | €4,565 | +€2,304 | +101.9% |
| Other amounts receivable | 41 | €398 | €906 | +€508 | +127.7% |
| Cash at bank and in hand | 54/58 | €35,630 | €13,509 | -€22,122 | -62.1% |
| Deferred charges and accrued income | 490/1 | - | €765 | +€765 | |
| Total equity and liabilities | 10/49 | €100,486 | €61,297 | -€39,188 | -39.0% |
| Equity | 10/15 | -€728,575 | €20,652 | +€749,227 | |
| Contributions | 10/11 | €830,000 | €1,570,000 | +€740,000 | +89.2% |
| Profit (loss) carried forward | 14 | -€1,558,575 | -€1,549,348 | +€9,227 | +0.6% |
| Amounts payable | 17/49 | €829,061 | €40,645 | -€788,415 | -95.1% |
| Amounts payable after more than one year | 17 | €411,084 | €0 | -€411,084 | -100.0% |
| Financial debts | 170/4 | €411,084 | €0 | -€411,084 | -100.0% |
| Amounts payable within one year | 42/48 | €417,977 | €40,645 | -€377,332 | -90.3% |
| Financial debts | 43 | €29 | €49 | +€21 | +71.7% |
| Credit institutions | 430/8 | €29 | €49 | +€21 | +71.7% |
| Trade debts | 44 | €6,594 | €14,614 | +€8,020 | +121.6% |
| Suppliers | 440/4 | €6,594 | €14,614 | +€8,020 | +121.6% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €411,354 | €25,982 | -€385,373 | -93.7% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,432 | €1,279 | -€153 | -10.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €15,000 | +€15,000 | |
| Other operating charges | 640/8 | €493 | €595 | +€102 | +20.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €43,134 | €28,669 | -€14,465 | -33.5% |
| Operating profit (loss) | 9901 | €41,208 | €11,794 | -€29,414 | -71.4% |
| Financial income | 75/76B | €1 | €660 | +€660 | +122161.1% |
| Recurring financial income | 75 | €1 | €660 | +€660 | +122161.1% |
| Financial charges | 65/66B | €3,989 | €3,227 | -€762 | -19.1% |
| Recurring financial charges | 65 | €3,989 | €3,227 | -€762 | -19.1% |
| Profit (loss) for the period before taxes | 9903 | €37,219 | €9,227 | -€27,992 | -75.2% |
| Profit (loss) for the period | 9904 | €37,219 | €9,227 | -€27,992 | -75.2% |
| Profit (loss) for the period to be appropriated | 9905 | €37,219 | €9,227 | -€27,992 | -75.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 May 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.