VE_TO: 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_TO
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Other debts +€17,836
up €17,836 (+3.8%), from €463,776 to €481,612
- Debts after one year -€14,458
down €14,458 (-11.4%), from €126,652 to €112,194
- Financial charges -€685
down €685 (-9.1%), from €7,555 to €6,870
- Gross operating margin +€571
up €571 (+16.7%), from €3,412 to €3,983
- Other operating charges +€431
up €431 (+41.0%), from €1,052 to €1,483
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 | €542,960 | €543,003 | +€43 | 0.0% |
| Fixed assets | 21/28 | €542,215 | €542,215 | = | 0.0% |
| Tangible fixed assets | 22/27 | €542,215 | €542,215 | = | 0.0% |
| Land and buildings | 22 | €542,215 | €542,215 | = | 0.0% |
| Current assets | 29/58 | €745 | €788 | +€43 | +5.7% |
| Cash at bank and in hand | 54/58 | - | €8 | +€8 | |
| Deferred charges and accrued income | 490/1 | €745 | €780 | +€34 | +4.6% |
| Total equity and liabilities | 10/49 | €542,960 | €543,003 | +€43 | 0.0% |
| Equity | 10/15 | -€63,045 | -€67,415 | -€4,370 | -6.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,740 | €2,740 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €740 | €740 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€85,785 | -€90,155 | -€4,370 | -5.1% |
| Amounts payable | 17/49 | €606,005 | €610,418 | +€4,413 | +0.7% |
| Amounts payable after more than one year | 17 | €126,652 | €112,194 | -€14,458 | -11.4% |
| Financial debts | 170/4 | €126,652 | €112,194 | -€14,458 | -11.4% |
| Amounts payable within one year | 42/48 | €479,353 | €498,224 | +€18,871 | +3.9% |
| Current portion of amounts payable after more than one year | 42 | €13,756 | €14,458 | +€702 | +5.1% |
| Trade debts | 44 | €1,821 | €2,154 | +€333 | +18.3% |
| Suppliers | 440/4 | €1,821 | €2,154 | +€333 | +18.3% |
| Other amounts payable | 47/48 | €463,776 | €481,612 | +€17,836 | +3.8% |
| Other operating charges | 640/8 | €1,052 | €1,483 | +€431 | +41.0% |
| Gross operating margin | 9900 | €3,412 | €3,983 | +€571 | +16.7% |
| Operating profit (loss) | 9901 | €2,360 | €2,500 | +€140 | +5.9% |
| Financial charges | 65/66B | €7,555 | €6,870 | -€685 | -9.1% |
| Recurring financial charges | 65 | €7,555 | €6,870 | -€685 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | -€5,195 | -€4,370 | +€825 | +15.9% |
| Profit (loss) for the period | 9904 | -€5,195 | -€4,370 | +€825 | +15.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,195 | -€4,370 | +€825 | +15.9% |
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 15 October 2026 via checked.be.