Very Fine Solutions: 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.
Very Fine Solutions
Largest movements
- Stocks and contracts +€50,719
up €50,719 (+39.0%), from €130,019 to €180,738
- Cash -€38,093
down €38,093 (-72.2%), from €52,793 to €14,700
mainly Stocks and contracts (-€50,719) and Trade debts (-€18,036)
- Tangible fixed assets -€17,157
down €17,157 (-37.7%), from €45,545 to €28,388
- Receivables within one year -€15,970
down €15,970 (-19.3%), from €82,879 to €66,909
of which Trade receivables: -€16,060
- Trade debts -€18,036
down €18,036 (-63.0%), from €28,617 to €10,582
- Reserves +€9,237
up €9,237 (+5.4%), from €171,813 to €181,050
- Current portion of long-term debt -€8,097
down €8,097 (-69.8%), from €11,602 to €3,504
- Other debts -€4,627
down €4,627 (-6.4%), from €71,777 to €67,150
- Debts after one year -€3,504
down €3,504 (-100%), from €3,504 to €0
- Gross operating margin -€62,415
down €62,415 (-61.3%), from €101,898 to €39,483
- Taxes -€17,806
down €17,806 (-77.4%), from €22,991 to €5,185
- Depreciation -€9,339
down €9,339 (-35.2%), from €26,496 to €17,157
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 | €312,583 | €291,770 | -€20,813 | -6.7% |
| Fixed assets | 21/28 | €45,545 | €28,388 | -€17,157 | -37.7% |
| Tangible fixed assets | 22/27 | €45,545 | €28,388 | -€17,157 | -37.7% |
| Plant, machinery and equipment | 23 | €16,135 | €7,889 | -€8,246 | -51.1% |
| Furniture and vehicles | 24 | €19,975 | €12,396 | -€7,579 | -37.9% |
| Other tangible fixed assets | 26 | €9,435 | €8,103 | -€1,332 | -14.1% |
| Current assets | 29/58 | €267,038 | €263,382 | -€3,656 | -1.4% |
| Stocks and contracts in progress | 3 | €130,019 | €180,738 | +€50,719 | +39.0% |
| Stocks | 30/36 | €130,019 | €180,738 | +€50,719 | +39.0% |
| Amounts receivable within one year | 40/41 | €82,879 | €66,909 | -€15,970 | -19.3% |
| Trade receivables | 40 | €82,827 | €66,766 | -€16,060 | -19.4% |
| Other amounts receivable | 41 | €52 | €142 | +€90 | +173% |
| Cash at bank and in hand | 54/58 | €52,793 | €14,700 | -€38,093 | -72.2% |
| Deferred charges and accrued income | 490/1 | €1,347 | €1,035 | -€312 | -23.1% |
| Total equity and liabilities | 10/49 | €312,583 | €291,770 | -€20,813 | -6.7% |
| Equity | 10/15 | €172,813 | €182,050 | +€9,237 | +5.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €171,813 | €181,050 | +€9,237 | +5.4% |
| Distributable reserves | 133 | €171,813 | €181,050 | +€9,237 | +5.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €139,770 | €109,720 | -€30,050 | -21.5% |
| Amounts payable after more than one year | 17 | €3,504 | €0 | -€3,504 | -100% |
| Financial debts | 170/4 | €3,504 | €0 | -€3,504 | -100% |
| Amounts payable within one year | 42/48 | €131,227 | €103,291 | -€27,936 | -21.3% |
| Current portion of amounts payable after more than one year | 42 | €11,602 | €3,504 | -€8,097 | -69.8% |
| Financial debts | 43 | €26 | €0 | -€26 | -100% |
| Credit institutions | 430/8 | €26 | €0 | -€26 | -100% |
| Trade debts | 44 | €28,617 | €10,582 | -€18,036 | -63.0% |
| Suppliers | 440/4 | €28,617 | €10,582 | -€18,036 | -63.0% |
| Taxes, remuneration and social security | 45 | €19,205 | €22,055 | +€2,850 | +14.8% |
| Taxes | 450/3 | €15,940 | €20,390 | +€4,450 | +27.9% |
| Remuneration and social security | 454/9 | €3,265 | €1,665 | -€1,600 | -49.0% |
| Other amounts payable | 47/48 | €71,777 | €67,150 | -€4,627 | -6.4% |
| Accrued charges and deferred income | 492/3 | €5,039 | €6,429 | +€1,391 | +27.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,496 | €17,157 | -€9,339 | -35.2% |
| Other operating charges | 640/8 | €1,020 | €1,285 | +€265 | +25.9% |
| Gross operating margin | 9900 | €101,898 | €39,483 | -€62,415 | -61.3% |
| Operating profit (loss) | 9901 | €74,382 | €21,042 | -€53,341 | -71.7% |
| Financial income | 75/76B | €99 | €29 | -€70 | -70.3% |
| Recurring financial income | 75 | €99 | €29 | -€70 | -70.3% |
| Financial charges | 65/66B | €5,920 | €6,649 | +€729 | +12.3% |
| Recurring financial charges | 65 | €5,920 | €6,649 | +€729 | +12.3% |
| Profit (loss) for the period before taxes | 9903 | €68,561 | €14,422 | -€54,140 | -79.0% |
| Income taxes | 67/77 | €22,991 | €5,185 | -€17,806 | -77.4% |
| Profit (loss) for the period | 9904 | €45,571 | €9,237 | -€36,334 | -79.7% |
| Profit (loss) for the period to be appropriated | 9905 | €45,571 | €9,237 | -€36,334 | -79.7% |
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 29 October 2026 via checked.be.