Vietpolak: 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.
Vietpolak
Largest movements
- Receivables within one year +€12,985
up €12,985 (+28.3%), from €45,952 to €58,937
of which Other amounts receivable: +€29,055
- Tangible fixed assets -€7,485
down €7,485 (-13.7%), from €54,752 to €47,267
of which Other tangible fixed assets: -€6,404
- Intangible fixed assets -€5,259
down €5,259 (-60.3%), from €8,716 to €3,458
- Stocks and contracts +€3,969
up €3,969 (+56.7%), from €7,000 to €10,969
- Deferred charges and accrued income +€2,642
up €2,642 (+3,115%), from €85 to €2,727
- Other debts -€21,369
down €21,369 (-60.2%), from €35,494 to €14,124
- Profit (loss) carried forward +€17,430
new in 2025: €17,430
- Tax, wage and social debts +€17,304
up €17,304 (+2,704%), from €640 to €17,944
of which Taxes: +€12,324
- Debts after one year -€8,239
down €8,239 (-43.3%), from €19,030 to €10,791
- Accrued charges and deferred income +€1,600
new in 2025: €1,600
- Gross operating margin +€97,949
up €97,949 (+312%), from €31,364 to €129,313
- Staff costs +€59,968
up €59,968 (+1,764%), from €3,400 to €63,369
- Taxes +€11,726
up €11,726 (+1,895%), from €619 to €12,345
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 | €124,878 | €133,430 | +€8,552 | +6.8% |
| Fixed assets | 21/28 | €63,468 | €50,724 | -€12,744 | -20.1% |
| Intangible fixed assets | 21 | €8,716 | €3,458 | -€5,259 | -60.3% |
| Tangible fixed assets | 22/27 | €54,752 | €47,267 | -€7,485 | -13.7% |
| Plant, machinery and equipment | 23 | €9,054 | €7,973 | -€1,081 | -11.9% |
| Other tangible fixed assets | 26 | €45,698 | €39,293 | -€6,404 | -14.0% |
| Current assets | 29/58 | €61,410 | €82,706 | +€21,296 | +34.7% |
| Stocks and contracts in progress | 3 | €7,000 | €10,969 | +€3,969 | +56.7% |
| Stocks | 30/36 | €7,000 | €10,969 | +€3,969 | +56.7% |
| Amounts receivable within one year | 40/41 | €45,952 | €58,937 | +€12,985 | +28.3% |
| Trade receivables | 40 | €16,070 | €0 | -€16,070 | -100% |
| Other amounts receivable | 41 | €29,882 | €58,937 | +€29,055 | +97.2% |
| Cash at bank and in hand | 54/58 | €8,373 | €10,072 | +€1,700 | +20.3% |
| Deferred charges and accrued income | 490/1 | €85 | €2,727 | +€2,642 | +3,115% |
| Total equity and liabilities | 10/49 | €124,878 | €133,430 | +€8,552 | +6.8% |
| Equity | 10/15 | €9,470 | €26,900 | +€17,430 | +184% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €4,470 | €4,470 | = | 0.0% |
| Distributable reserves | 133 | €4,470 | €4,470 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €17,430 | +€17,430 | |
| Amounts payable | 17/49 | €115,408 | €106,530 | -€8,877 | -7.7% |
| Amounts payable after more than one year | 17 | €19,030 | €10,791 | -€8,239 | -43.3% |
| Financial debts | 170/4 | €19,030 | €10,791 | -€8,239 | -43.3% |
| Amounts payable within one year | 42/48 | €96,378 | €94,139 | -€2,239 | -2.3% |
| Current portion of amounts payable after more than one year | 42 | €7,904 | €8,239 | +€335 | +4.2% |
| Trade debts | 44 | €52,341 | €53,832 | +€1,492 | +2.8% |
| Suppliers | 440/4 | €52,341 | €53,832 | +€1,492 | +2.8% |
| Taxes, remuneration and social security | 45 | €640 | €17,944 | +€17,304 | +2,704% |
| Taxes | 450/3 | €640 | €12,964 | +€12,324 | +1,926% |
| Remuneration and social security | 454/9 | - | €4,980 | +€4,980 | |
| Other amounts payable | 47/48 | €35,494 | €14,124 | -€21,369 | -60.2% |
| Accrued charges and deferred income | 492/3 | - | €1,600 | +€1,600 | |
| Non-recurring operating income | 76A | - | €108 | +€108 | |
| Remuneration, social security and pensions | 62 | €3,400 | €63,369 | +€59,968 | +1,764% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,876 | €15,494 | +€618 | +4.2% |
| Other operating charges | 640/8 | €2,078 | €1,070 | -€1,009 | -48.5% |
| Non-recurring operating charges | 66A | - | €15,011 | +€15,011 | |
| Gross operating margin | 9900 | €31,364 | €129,313 | +€97,949 | +312% |
| Operating profit (loss) | 9901 | €11,009 | €34,370 | +€23,361 | +212% |
| Financial income | 75/76B | €2 | €577 | +€576 | +35,538% |
| Recurring financial income | 75 | €2 | €577 | +€576 | +35,538% |
| Financial charges | 65/66B | €6,267 | €5,173 | -€1,094 | -17.5% |
| Recurring financial charges | 65 | €6,267 | €5,173 | -€1,094 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | €4,744 | €29,775 | +€25,031 | +528% |
| Income taxes | 67/77 | €619 | €12,345 | +€11,726 | +1,895% |
| Profit (loss) for the period | 9904 | €4,125 | €17,430 | +€13,305 | +323% |
| Profit (loss) for the period to be appropriated | 9905 | €4,125 | €17,430 | +€13,305 | +323% |
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 17 October 2026 via checked.be.