VE Advies: 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.
VE Advies
Largest movements
- Cash +€28,972
up €28,972 (+375%), from €7,725 to €36,697
mainly Net result for the year (+€33,640) and Depreciation (+€10,201)
- Tangible fixed assets -€8,361
down €8,361 (-19.9%), from €42,105 to €33,744
of which Furniture and vehicles: -€9,215
- Receivables within one year +€2,984
up €2,984 (+41.8%), from €7,138 to €10,122
of which Trade receivables: +€3,225
- Current investments +€1,536
up €1,536 (+25.8%), from €5,966 to €7,502
- Reserves +€28,057
up €28,057 (+135%), from €20,822 to €48,879
of which Distributable reserves: +€28,057
- Debts after one year -€9,229
down €9,229 (-74.8%), from €12,336 to €3,108
- Tax, wage and social debts +€8,630
up €8,630 (+243%), from €3,557 to €12,187
- Other debts -€2,048
down €2,048 (-71.6%), from €2,862 to €814
- Gross operating margin +€31,636
up €31,636 (+119%), from €26,522 to €58,158
- Taxes +€9,777
up €9,777 (+390%), from €2,510 to €12,287
- Staff costs -€5,413
no longer reported in 2025 (was €5,413)
- Depreciation -€3,756
down €3,756 (-26.9%), from €13,957 to €10,201
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.
Derived cash bridge
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 | €67,551 | €93,110 | +€25,559 | +37.8% |
| Fixed assets | 21/28 | €42,105 | €33,744 | -€8,361 | -19.9% |
| Tangible fixed assets | 22/27 | €42,105 | €33,744 | -€8,361 | -19.9% |
| Plant, machinery and equipment | 23 | €329 | €1,705 | +€1,376 | +418% |
| Furniture and vehicles | 24 | €39,902 | €30,688 | -€9,215 | -23.1% |
| Other tangible fixed assets | 26 | €1,874 | €1,351 | -€523 | -27.9% |
| Current assets | 29/58 | €25,446 | €59,366 | +€33,920 | +133% |
| Amounts receivable within one year | 40/41 | €7,138 | €10,122 | +€2,984 | +41.8% |
| Trade receivables | 40 | €6,898 | €10,122 | +€3,225 | +46.7% |
| Other amounts receivable | 41 | €240 | €0 | -€240 | -100% |
| Current investments | 50/53 | €5,966 | €7,502 | +€1,536 | +25.8% |
| Cash at bank and in hand | 54/58 | €7,725 | €36,697 | +€28,972 | +375% |
| Deferred charges and accrued income | 490/1 | €4,618 | €5,045 | +€427 | +9.3% |
| Total equity and liabilities | 10/49 | €67,551 | €93,110 | +€25,559 | +37.8% |
| Equity | 10/15 | €39,422 | €67,479 | +€28,057 | +71.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €20,822 | €48,879 | +€28,057 | +135% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €20,822 | €48,879 | +€28,057 | +135% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €28,129 | €25,631 | -€2,498 | -8.9% |
| Amounts payable after more than one year | 17 | €12,336 | €3,108 | -€9,229 | -74.8% |
| Financial debts | 170/4 | €12,336 | €3,108 | -€9,229 | -74.8% |
| Amounts payable within one year | 42/48 | €15,625 | €22,348 | +€6,723 | +43.0% |
| Current portion of amounts payable after more than one year | 42 | €9,090 | €9,229 | +€139 | +1.5% |
| Trade debts | 44 | €117 | €119 | +€2 | +1.3% |
| Suppliers | 440/4 | €117 | €119 | +€2 | +1.3% |
| Taxes, remuneration and social security | 45 | €3,557 | €12,187 | +€8,630 | +243% |
| Taxes | 450/3 | €3,557 | €12,187 | +€8,630 | +243% |
| Other amounts payable | 47/48 | €2,862 | €814 | -€2,048 | -71.6% |
| Accrued charges and deferred income | 492/3 | €168 | €176 | +€8 | +4.8% |
| Remuneration, social security and pensions | 62 | €5,413 | - | -€5,413 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,957 | €10,201 | -€3,756 | -26.9% |
| Other operating charges | 640/8 | €1,437 | €1,680 | +€243 | +16.9% |
| Gross operating margin | 9900 | €26,522 | €58,158 | +€31,636 | +119% |
| Operating profit (loss) | 9901 | €5,715 | €46,277 | +€40,562 | +710% |
| Financial income | 75/76B | €27 | €53 | +€26 | +98.7% |
| Recurring financial income | 75 | €27 | €53 | +€26 | +98.7% |
| Financial charges | 65/66B | €530 | €403 | -€127 | -24.0% |
| Recurring financial charges | 65 | €530 | €403 | -€127 | -24.0% |
| Profit (loss) for the period before taxes | 9903 | €5,211 | €45,927 | +€40,716 | +781% |
| Income taxes | 67/77 | €2,510 | €12,287 | +€9,777 | +390% |
| Profit (loss) for the period | 9904 | €2,701 | €33,640 | +€30,938 | +1,145% |
| Profit (loss) for the period to be appropriated | 9905 | €2,701 | €33,640 | +€30,938 | +1,145% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.