VePP-IT: 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.
VePP-IT
Largest movements
- Cash -€9,745
down €9,745 (-44.5%), from €21,874 to €12,129
mainly Contributions, distributions and other (-€18,000) and Deferred charges and accrued income (-€410)
- Tangible fixed assets -€3,266
down €3,266 (-34.3%), from €9,528 to €6,261
- Deferred charges and accrued income +€410
new in 2025: €410
- Receivables within one year +€400
up €400 (+17.2%), from €2,325 to €2,725
of which Trade receivables: +€275
- Reserves -€12,201
down €12,201 (-41.7%), from €29,226 to €17,025
- Gross operating margin +€3,642
up €3,642 (+43.6%), from €8,360 to €12,002
- Depreciation +€2,994
up €2,994 (+1,100%), from €272 to €3,266
- Other operating charges +€787
new in 2025: €787
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 | €33,726 | €21,525 | -€12,201 | -36.2% |
| Fixed assets | 21/28 | €9,528 | €6,261 | -€3,266 | -34.3% |
| Tangible fixed assets | 22/27 | €9,528 | €6,261 | -€3,266 | -34.3% |
| Furniture and vehicles | 24 | €9,528 | €6,261 | -€3,266 | -34.3% |
| Current assets | 29/58 | €24,199 | €15,264 | -€8,935 | -36.9% |
| Amounts receivable within one year | 40/41 | €2,325 | €2,725 | +€400 | +17.2% |
| Trade receivables | 40 | €2,040 | €2,315 | +€275 | +13.5% |
| Other amounts receivable | 41 | €285 | €410 | +€125 | +43.9% |
| Cash at bank and in hand | 54/58 | €21,874 | €12,129 | -€9,745 | -44.5% |
| Deferred charges and accrued income | 490/1 | - | €410 | +€410 | |
| Total equity and liabilities | 10/49 | €33,726 | €21,525 | -€12,201 | -36.2% |
| Equity | 10/15 | €33,726 | €21,525 | -€12,201 | -36.2% |
| Contributions | 10/11 | €4,500 | €4,500 | = | 0.0% |
| Reserves | 13 | €29,226 | €17,025 | -€12,201 | -41.7% |
| Distributable reserves | 133 | €29,226 | €17,025 | -€12,201 | -41.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €272 | €3,266 | +€2,994 | +1,100% |
| Other operating charges | 640/8 | - | €787 | +€787 | |
| Gross operating margin | 9900 | €8,360 | €12,002 | +€3,642 | +43.6% |
| Operating profit (loss) | 9901 | €8,088 | €7,949 | -€139 | -1.7% |
| Financial charges | 65/66B | €74 | €75 | +€2 | +2.0% |
| Recurring financial charges | 65 | €74 | €75 | +€2 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | €8,014 | €7,874 | -€140 | -1.8% |
| Income taxes | 67/77 | €2,100 | €2,075 | -€25 | -1.2% |
| Profit (loss) for the period | 9904 | €5,914 | €5,799 | -€115 | -1.9% |
| Profit (loss) for the period to be appropriated | 9905 | €5,914 | €5,799 | -€115 | -1.9% |
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 21 October 2026 via checked.be.