VF ASSUR: 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.
VF ASSUR
Largest movements
- Intangible fixed assets -€15,000
down €15,000 (-12.6%), from €118,890 to €103,890
- Cash +€6,584
up €6,584 (+53.9%), from €12,226 to €18,810
mainly Net result for the year (+€16,393) and Depreciation (+€15,533)
- Tangible fixed assets +€1,915
new in 2025: €1,915
- Profit (loss) carried forward +€16,393
up €16,393 (+89.3%), from €18,366 to €34,759
- Other debts -€12,767
down €12,767 (-23.2%), from €54,989 to €42,222
- Debts after one year -€10,640
down €10,640 (-22.9%), from €46,397 to €35,757
- Staff costs -€4,808
down €4,808 (-95.1%), from €5,058 to €250
- Financial charges -€2,117
down €2,117 (-47.7%), from €4,435 to €2,318
- Taxes +€1,552
up €1,552 (+43.3%), from €3,582 to €5,134
- Depreciation +€533
up €533 (+3.6%), from €15,000 to €15,533
- Gross operating margin +€465
up €465 (+1.2%), from €39,282 to €39,748
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 | €132,535 | €126,705 | -€5,830 | -4.4% |
| Fixed assets | 21/28 | €118,890 | €105,805 | -€13,085 | -11.0% |
| Intangible fixed assets | 21 | €118,890 | €103,890 | -€15,000 | -12.6% |
| Tangible fixed assets | 22/27 | - | €1,915 | +€1,915 | |
| Furniture and vehicles | 24 | - | €1,915 | +€1,915 | |
| Current assets | 29/58 | €13,644 | €20,900 | +€7,256 | +53.2% |
| Amounts receivable within one year | 40/41 | €1,418 | €1,866 | +€448 | +31.6% |
| Other amounts receivable | 41 | €1,418 | €1,866 | +€448 | +31.6% |
| Cash at bank and in hand | 54/58 | €12,226 | €18,810 | +€6,584 | +53.9% |
| Deferred charges and accrued income | 490/1 | - | €223 | +€223 | |
| Total equity and liabilities | 10/49 | €132,535 | €126,705 | -€5,830 | -4.4% |
| Equity | 10/15 | €19,366 | €35,759 | +€16,393 | +84.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,366 | €34,759 | +€16,393 | +89.3% |
| Amounts payable | 17/49 | €113,168 | €90,946 | -€22,223 | -19.6% |
| Amounts payable after more than one year | 17 | €46,397 | €35,757 | -€10,640 | -22.9% |
| Financial debts | 170/4 | €46,397 | €35,757 | -€10,640 | -22.9% |
| Amounts payable within one year | 42/48 | €66,771 | €55,189 | -€11,583 | -17.3% |
| Current portion of amounts payable after more than one year | 42 | €11,783 | €12,725 | +€942 | +8.0% |
| Trade debts | 44 | - | €243 | +€243 | |
| Suppliers | 440/4 | - | €243 | +€243 | |
| Other amounts payable | 47/48 | €54,989 | €42,222 | -€12,767 | -23.2% |
| Remuneration, social security and pensions | 62 | €5,058 | €250 | -€4,808 | -95.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,000 | €15,533 | +€533 | +3.6% |
| Other operating charges | 640/8 | - | €120 | +€120 | |
| Gross operating margin | 9900 | €39,282 | €39,748 | +€465 | +1.2% |
| Operating profit (loss) | 9901 | €19,225 | €23,844 | +€4,620 | +24.0% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €4,435 | €2,318 | -€2,117 | -47.7% |
| Recurring financial charges | 65 | €4,435 | €2,318 | -€2,117 | -47.7% |
| Profit (loss) for the period before taxes | 9903 | €14,790 | €21,527 | +€6,737 | +45.5% |
| Income taxes | 67/77 | €3,582 | €5,134 | +€1,552 | +43.3% |
| Profit (loss) for the period | 9904 | €11,208 | €16,393 | +€5,185 | +46.3% |
| Profit (loss) for the period to be appropriated | 9905 | €11,208 | €16,393 | +€5,185 | +46.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.