VG & P: 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.
VG & P
Largest movements
- Receivables within one year -€1,144
no longer reported in 2025 (was €1,144)
- Tangible fixed assets -€826
down €826 (-80.0%), from €1,032 to €206
- Deferred charges and accrued income +€162
up €162 (+92.1%), from €176 to €339
- Profit (loss) carried forward -€1,855
down €1,855 (-5.1%), from -€36,074 to -€37,929
- Other debts +€1,133
up €1,133 (+21.8%), from €5,189 to €6,322
- Trade debts -€959
no longer reported in 2025 (was €959)
- Tax, wage and social debts -€206
down €206 (-28.4%), from €724 to €519
- Gross operating margin +€2,516
up €2,516 (+79.2%), from -€3,177 to -€661
- Other operating charges -€320
down €320 (-51.0%), from €626 to €307
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 | €4,696 | €2,849 | -€1,847 | -39.3% |
| Fixed assets | 21/28 | €1,032 | €206 | -€826 | -80.0% |
| Tangible fixed assets | 22/27 | €1,032 | €206 | -€826 | -80.0% |
| Furniture and vehicles | 24 | €1,032 | €206 | -€826 | -80.0% |
| Current assets | 29/58 | €3,664 | €2,643 | -€1,021 | -27.9% |
| Amounts receivable within one year | 40/41 | €1,144 | - | -€1,144 | |
| Trade receivables | 40 | €1,144 | - | -€1,144 | |
| Cash at bank and in hand | 54/58 | €2,344 | €2,305 | -€39 | -1.7% |
| Deferred charges and accrued income | 490/1 | €176 | €339 | +€162 | +92.1% |
| Total equity and liabilities | 10/49 | €4,696 | €2,849 | -€1,847 | -39.3% |
| Equity | 10/15 | -€2,523 | -€4,378 | -€1,855 | -73.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €13,551 | €13,551 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €11,551 | €11,551 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,074 | -€37,929 | -€1,855 | -5.1% |
| Amounts payable | 17/49 | €7,220 | €7,228 | +€8 | +0.1% |
| Amounts payable within one year | 42/48 | €6,872 | €6,840 | -€32 | -0.5% |
| Trade debts | 44 | €959 | - | -€959 | |
| Suppliers | 440/4 | €959 | - | -€959 | |
| Taxes, remuneration and social security | 45 | €724 | €519 | -€206 | -28.4% |
| Taxes | 450/3 | €724 | €519 | -€206 | -28.4% |
| Other amounts payable | 47/48 | €5,189 | €6,322 | +€1,133 | +21.8% |
| Accrued charges and deferred income | 492/3 | €348 | €387 | +€40 | +11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €826 | €826 | = | 0.0% |
| Other operating charges | 640/8 | €626 | €307 | -€320 | -51.0% |
| Gross operating margin | 9900 | -€3,177 | -€661 | +€2,516 | +79.2% |
| Operating profit (loss) | 9901 | -€4,630 | -€1,794 | +€2,835 | +61.2% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €52 | €61 | +€8 | +16.0% |
| Recurring financial charges | 65 | €52 | €61 | +€8 | +16.0% |
| Profit (loss) for the period before taxes | 9903 | -€4,680 | -€1,855 | +€2,825 | +60.4% |
| Profit (loss) for the period | 9904 | -€4,680 | -€1,855 | +€2,825 | +60.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,680 | -€1,855 | +€2,825 | +60.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.