VI.PA.: 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.
VI.PA.
Largest movements
- Tangible fixed assets -€25,216
down €25,216 (-31.9%), from €79,043 to €53,827
of which Furniture and vehicles: -€21,307
- Cash -€5,724
down €5,724 (-47.2%), from €12,136 to €6,412
mainly Net result for the year (-€27,474) and Debts after one year (-€15,162)
- Receivables within one year -€1,536
down €1,536 (-45.1%), from €3,406 to €1,869
of which Other amounts receivable: -€1,264
- Profit (loss) carried forward -€27,474
down €27,474 (-120%), from -€22,842 to -€50,316
- Debts after one year -€15,162
down €15,162 (-56.5%), from €26,853 to €11,691
- Short-term financial debts +€10,000
up €10,000 (+16.7%), from €60,000 to €70,000
- Gross operating margin -€46,588
down €46,588 (-94.5%), from €49,294 to €2,707
- Taxes -€6,895
down €6,895 (-98.0%), from €7,036 to €141
- Depreciation +€6,294
up €6,294 (+33.3%), from €18,922 to €25,216
- Financial charges -€998
down €998 (-23.3%), from €4,277 to €3,279
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 | €95,842 | €63,667 | -€32,175 | -33.6% |
| Fixed assets | 21/28 | €79,043 | €53,827 | -€25,216 | -31.9% |
| Tangible fixed assets | 22/27 | €79,043 | €53,827 | -€25,216 | -31.9% |
| Plant, machinery and equipment | 23 | €5,140 | €4,419 | -€721 | -14.0% |
| Furniture and vehicles | 24 | €64,483 | €43,176 | -€21,307 | -33.0% |
| Other tangible fixed assets | 26 | €9,420 | €6,232 | -€3,188 | -33.8% |
| Current assets | 29/58 | €16,799 | €9,840 | -€6,959 | -41.4% |
| Amounts receivable within one year | 40/41 | €3,406 | €1,869 | -€1,536 | -45.1% |
| Trade receivables | 40 | €2,142 | €1,869 | -€273 | -12.7% |
| Other amounts receivable | 41 | €1,264 | €0 | -€1,264 | -100.0% |
| Cash at bank and in hand | 54/58 | €12,136 | €6,412 | -€5,724 | -47.2% |
| Deferred charges and accrued income | 490/1 | €1,258 | €1,559 | +€301 | +23.9% |
| Total equity and liabilities | 10/49 | €95,842 | €63,667 | -€32,175 | -33.6% |
| Equity | 10/15 | -€16,433 | -€43,908 | -€27,474 | -167% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €209 | €209 | = | 0.0% |
| Non-distributable reserves | 130/1 | €209 | €209 | = | 0.0% |
| Reserves not available under the articles | 1311 | €209 | €209 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,842 | -€50,316 | -€27,474 | -120% |
| Amounts payable | 17/49 | €112,275 | €107,575 | -€4,701 | -4.2% |
| Amounts payable after more than one year | 17 | €26,853 | €11,691 | -€15,162 | -56.5% |
| Financial debts | 170/4 | €26,853 | €11,691 | -€15,162 | -56.5% |
| Amounts payable within one year | 42/48 | €85,422 | €95,883 | +€10,461 | +12.2% |
| Current portion of amounts payable after more than one year | 42 | €14,839 | €15,162 | +€323 | +2.2% |
| Financial debts | 43 | €60,000 | €70,000 | +€10,000 | +16.7% |
| Credit institutions | 430/8 | €60,000 | €70,000 | +€10,000 | +16.7% |
| Trade debts | 44 | €3,550 | €3,024 | -€526 | -14.8% |
| Suppliers | 440/4 | €3,550 | €3,024 | -€526 | -14.8% |
| Taxes, remuneration and social security | 45 | €7,012 | €7,142 | +€130 | +1.8% |
| Taxes | 450/3 | €7,012 | €7,142 | +€130 | +1.8% |
| Other amounts payable | 47/48 | €21 | €556 | +€534 | +2,487% |
| Non-recurring operating income | 76A | €8,750 | €0 | -€8,750 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,922 | €25,216 | +€6,294 | +33.3% |
| Other operating charges | 640/8 | €1,523 | €1,582 | +€59 | +3.9% |
| Gross operating margin | 9900 | €49,294 | €2,707 | -€46,588 | -94.5% |
| Operating profit (loss) | 9901 | €28,849 | -€24,092 | -€52,941 | |
| Financial income | 75/76B | €105 | €37 | -€68 | -64.4% |
| Recurring financial income | 75 | €105 | €37 | -€68 | -64.4% |
| Financial charges | 65/66B | €4,277 | €3,279 | -€998 | -23.3% |
| Recurring financial charges | 65 | €4,277 | €3,279 | -€998 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | €24,677 | -€27,333 | -€52,011 | |
| Income taxes | 67/77 | €7,036 | €141 | -€6,895 | -98.0% |
| Profit (loss) for the period | 9904 | €17,641 | -€27,474 | -€45,116 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,641 | -€27,474 | -€45,116 |
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 13 October 2026 via checked.be.