VFR Services: 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.
VFR Services
Largest movements
- Cash -€14,535
down €14,535 (-14.0%), from €103,936 to €89,400
mainly Contributions, distributions and other (-€115,794) and Tax, wage and social debts (-€10,762)
- Other debts +€76,597
up €76,597 (+851.1%), from €9,000 to €85,597
- Profit (loss) carried forward -€76,386
no longer reported in 2025 (was €76,386)
- Tax, wage and social debts -€10,762
down €10,762 (-41.2%), from €26,150 to €15,388
- Trade debts -€2,959
down €2,959 (-70.9%), from €4,171 to €1,212
- Gross operating margin +€4,250
up €4,250 (+9.0%), from €47,300 to €51,550
- Taxes +€1,396
up €1,396 (+14.6%), from €9,592 to €10,988
- Financial charges -€1,080
down €1,080 (-84.8%), from €1,273 to €193
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 | €120,707 | €107,197 | -€13,510 | -11.2% |
| Fixed assets | 21/28 | €1,526 | €1,100 | -€426 | -27.9% |
| Tangible fixed assets | 22/27 | €1,526 | €1,100 | -€426 | -27.9% |
| Plant, machinery and equipment | 23 | €1,526 | €1,100 | -€426 | -27.9% |
| Current assets | 29/58 | €119,181 | €106,098 | -€13,083 | -11.0% |
| Amounts receivable within one year | 40/41 | €12,605 | €13,396 | +€790 | +6.3% |
| Trade receivables | 40 | €12,578 | €13,396 | +€818 | +6.5% |
| Other amounts receivable | 41 | €27 | - | -€27 | |
| Cash at bank and in hand | 54/58 | €103,936 | €89,400 | -€14,535 | -14.0% |
| Deferred charges and accrued income | 490/1 | €2,640 | €3,302 | +€661 | +25.0% |
| Total equity and liabilities | 10/49 | €120,707 | €107,197 | -€13,510 | -11.2% |
| Equity | 10/15 | €81,386 | €5,000 | -€76,386 | -93.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €76,386 | - | -€76,386 | |
| Amounts payable | 17/49 | €39,321 | €102,197 | +€62,877 | +159.9% |
| Amounts payable within one year | 42/48 | €39,321 | €102,197 | +€62,877 | +159.9% |
| Trade debts | 44 | €4,171 | €1,212 | -€2,959 | -70.9% |
| Suppliers | 440/4 | €4,171 | €1,212 | -€2,959 | -70.9% |
| Taxes, remuneration and social security | 45 | €26,150 | €15,388 | -€10,762 | -41.2% |
| Taxes | 450/3 | €26,150 | €15,388 | -€10,762 | -41.2% |
| Other amounts payable | 47/48 | €9,000 | €85,597 | +€76,597 | +851.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €426 | €426 | = | 0.0% |
| Other operating charges | 640/8 | €378 | €767 | +€389 | +102.9% |
| Gross operating margin | 9900 | €47,300 | €51,550 | +€4,250 | +9.0% |
| Operating profit (loss) | 9901 | €46,496 | €50,357 | +€3,861 | +8.3% |
| Financial income | 75/76B | - | €233 | +€233 | |
| Recurring financial income | 75 | - | €233 | +€233 | |
| Financial charges | 65/66B | €1,273 | €193 | -€1,080 | -84.8% |
| Recurring financial charges | 65 | €1,273 | €193 | -€1,080 | -84.8% |
| Profit (loss) for the period before taxes | 9903 | €45,223 | €50,396 | +€5,173 | +11.4% |
| Income taxes | 67/77 | €9,592 | €10,988 | +€1,396 | +14.6% |
| Profit (loss) for the period | 9904 | €35,631 | €39,408 | +€3,777 | +10.6% |
| Profit (loss) for the period to be appropriated | 9905 | €35,631 | €39,408 | +€3,777 | +10.6% |
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 12 October 2026 via checked.be.