VFPerfect: 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.
VFPerfect
Largest movements
- Cash -€19,288
down €19,288 (-100.0%), from €19,290 to €2
mainly Receivables within one year (-€14,219) and Net result for the year (-€13,590)
- Receivables within one year +€14,219
up €14,219 (+107.4%), from €13,242 to €27,461
of which Other amounts receivable: +€14,998
- Tangible fixed assets +€809
up €809 (+3.0%), from €27,358 to €28,166
of which Plant, machinery and equipment: +€1,188
- Profit (loss) carried forward -€13,590
down €13,590 (-312.8%), from -€4,345 to -€17,934
- Trade debts +€8,179
up €8,179 (+102.1%), from €8,013 to €16,192
- Debts after one year -€3,090
down €3,090 (-14.6%), from €21,174 to €18,084
- Current portion of long-term debt +€2,299
up €2,299 (+26.3%), from €8,744 to €11,043
- Short-term financial debts +€2,118
up €2,118 (+22.3%), from €9,515 to €11,633
- Gross operating margin -€35,784
down €35,784 (-82.2%), from €43,533 to €7,749
- Staff costs -€20,985
down €20,985 (-83.4%), from €25,174 to €4,190
- Other operating charges -€7,489
down €7,489 (-91.0%), from €8,227 to €738
- Depreciation +€4,080
up €4,080 (+48.7%), from €8,385 to €12,465
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 | €61,431 | €57,230 | -€4,201 | -6.8% |
| Fixed assets | 21/28 | €27,358 | €28,166 | +€809 | +3.0% |
| Tangible fixed assets | 22/27 | €27,358 | €28,166 | +€809 | +3.0% |
| Plant, machinery and equipment | 23 | €101 | €1,289 | +€1,188 | +1172.7% |
| Furniture and vehicles | 24 | €27,256 | €26,877 | -€379 | -1.4% |
| Current assets | 29/58 | €34,074 | €29,064 | -€5,010 | -14.7% |
| Stocks and contracts in progress | 3 | €1,541 | €1,044 | -€497 | -32.3% |
| Stocks | 30/36 | €1,541 | €1,044 | -€497 | -32.3% |
| Amounts receivable within one year | 40/41 | €13,242 | €27,461 | +€14,219 | +107.4% |
| Trade receivables | 40 | €11,862 | €11,083 | -€779 | -6.6% |
| Other amounts receivable | 41 | €1,381 | €16,378 | +€14,998 | +1086.3% |
| Cash at bank and in hand | 54/58 | €19,290 | €2 | -€19,288 | -100.0% |
| Deferred charges and accrued income | 490/1 | - | €557 | +€557 | |
| Total equity and liabilities | 10/49 | €61,431 | €57,230 | -€4,201 | -6.8% |
| Equity | 10/15 | €8,275 | -€5,314 | -€13,590 | |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €120 | €120 | = | 0.0% |
| Distributable reserves | 133 | €120 | €120 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,345 | -€17,934 | -€13,590 | -312.8% |
| Amounts payable | 17/49 | €53,156 | €62,544 | +€9,389 | +17.7% |
| Amounts payable after more than one year | 17 | €21,174 | €18,084 | -€3,090 | -14.6% |
| Financial debts | 170/4 | €21,174 | €18,084 | -€3,090 | -14.6% |
| Amounts payable within one year | 42/48 | €31,982 | €44,460 | +€12,478 | +39.0% |
| Current portion of amounts payable after more than one year | 42 | €8,744 | €11,043 | +€2,299 | +26.3% |
| Financial debts | 43 | €9,515 | €11,633 | +€2,118 | +22.3% |
| Credit institutions | 430/8 | €9,515 | €11,633 | +€2,118 | +22.3% |
| Trade debts | 44 | €8,013 | €16,192 | +€8,179 | +102.1% |
| Suppliers | 440/4 | €8,013 | €16,192 | +€8,179 | +102.1% |
| Taxes, remuneration and social security | 45 | €5,709 | €5,592 | -€118 | -2.1% |
| Taxes | 450/3 | €427 | €1,255 | +€828 | +194.0% |
| Remuneration and social security | 454/9 | €5,282 | €4,337 | -€946 | -17.9% |
| Remuneration, social security and pensions | 62 | €25,174 | €4,190 | -€20,985 | -83.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,385 | €12,465 | +€4,080 | +48.7% |
| Other operating charges | 640/8 | €8,227 | €738 | -€7,489 | -91.0% |
| Non-recurring operating charges | 66A | €1,636 | €0 | -€1,636 | -100.0% |
| Gross operating margin | 9900 | €43,533 | €7,749 | -€35,784 | -82.2% |
| Operating profit (loss) | 9901 | €110 | -€9,644 | -€9,754 | |
| Financial income | 75/76B | €325 | €343 | +€18 | +5.7% |
| Recurring financial income | 75 | €325 | €343 | +€18 | +5.7% |
| Financial charges | 65/66B | €4,000 | €3,790 | -€210 | -5.3% |
| Recurring financial charges | 65 | €4,000 | €3,790 | -€210 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | -€3,565 | -€13,090 | -€9,526 | -267.2% |
| Income taxes | 67/77 | €427 | €500 | +€73 | +17.0% |
| Profit (loss) for the period | 9904 | -€3,992 | -€13,590 | -€9,598 | -240.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,992 | -€13,590 | -€9,598 | -240.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.