VIP-TOOLS: 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.
VIP-TOOLS
Largest movements
- Stocks and contracts +€302,377
up €302,377 (+35.2%), from €858,874 to €1.2m
- Receivables within one year +€241,377
up €241,377 (+68.7%), from €351,591 to €592,969
of which Trade receivables: +€245,065
- Cash +€107,542
up €107,542 (+54.9%), from €195,837 to €303,379
mainly Trade debts (+€314,512) and Net result for the year (+€266,241)
- Trade debts +€314,512
up €314,512 (+97.2%), from €323,414 to €637,926
- Reserves +€166,241
up €166,241 (+19.1%), from €868,817 to €1.0m
of which Distributable reserves: +€166,241
- Other debts +€102,100
new in 2025: €102,100
- Tax, wage and social debts +€86,006
up €86,006 (+110.6%), from €77,787 to €163,793
of which Taxes: +€61,362
- Gross operating margin +€225,570
up €225,570 (+37.1%), from €608,786 to €834,356
- Staff costs -€95,356
down €95,356 (-18.0%), from €530,380 to €435,024
- Taxes +€62,451
up €62,451 (+818.0%), from €7,634 to €70,085
- Write-downs +€13,149
new in 2025: €13,149
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 | €1,443,773 | €2,090,572 | +€646,799 | +44.8% |
| Fixed assets | 21/28 | €37,471 | €31,598 | -€5,873 | -15.7% |
| Intangible fixed assets | 21 | €3,360 | €8,324 | +€4,964 | +147.7% |
| Tangible fixed assets | 22/27 | €34,111 | €23,274 | -€10,837 | -31.8% |
| Furniture and vehicles | 24 | €31,215 | €21,343 | -€9,872 | -31.6% |
| Other tangible fixed assets | 26 | €2,896 | €1,930 | -€965 | -33.3% |
| Current assets | 29/58 | €1,406,302 | €2,058,974 | +€652,672 | +46.4% |
| Stocks and contracts in progress | 3 | €858,874 | €1,161,251 | +€302,377 | +35.2% |
| Stocks | 30/36 | €858,874 | €1,161,251 | +€302,377 | +35.2% |
| Amounts receivable within one year | 40/41 | €351,591 | €592,969 | +€241,377 | +68.7% |
| Trade receivables | 40 | €345,142 | €590,207 | +€245,065 | +71.0% |
| Other amounts receivable | 41 | €6,449 | €2,761 | -€3,688 | -57.2% |
| Cash at bank and in hand | 54/58 | €195,837 | €303,379 | +€107,542 | +54.9% |
| Deferred charges and accrued income | 490/1 | - | €1,376 | +€1,376 | |
| Total equity and liabilities | 10/49 | €1,443,773 | €2,090,572 | +€646,799 | +44.8% |
| Equity | 10/15 | €968,817 | €1,135,058 | +€166,241 | +17.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €868,817 | €1,035,058 | +€166,241 | +19.1% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €858,817 | €1,025,058 | +€166,241 | +19.4% |
| Amounts payable | 17/49 | €474,956 | €955,514 | +€480,558 | +101.2% |
| Amounts payable after more than one year | 17 | €50,000 | €50,000 | = | 0.0% |
| Other amounts payable | 178/9 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €424,956 | €905,514 | +€480,558 | +113.1% |
| Current portion of amounts payable after more than one year | 42 | €6,493 | - | -€6,493 | |
| Financial debts | 43 | €17,262 | €1,695 | -€15,568 | -90.2% |
| Credit institutions | 430/8 | €17,262 | €1,695 | -€15,568 | -90.2% |
| Trade debts | 44 | €323,414 | €637,926 | +€314,512 | +97.2% |
| Suppliers | 440/4 | €323,414 | €637,926 | +€314,512 | +97.2% |
| Taxes, remuneration and social security | 45 | €77,787 | €163,793 | +€86,006 | +110.6% |
| Taxes | 450/3 | €53,086 | €114,447 | +€61,362 | +115.6% |
| Remuneration and social security | 454/9 | €24,701 | €49,346 | +€24,645 | +99.8% |
| Other amounts payable | 47/48 | - | €102,100 | +€102,100 | |
| Non-recurring operating income | 76A | €21,824 | - | -€21,824 | |
| Remuneration, social security and pensions | 62 | €530,380 | €435,024 | -€95,356 | -18.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,316 | €19,520 | -€7,796 | -28.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €13,149 | +€13,149 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €6,019 | - | -€6,019 | |
| Other operating charges | 640/8 | €4,663 | €7,632 | +€2,969 | +63.7% |
| Gross operating margin | 9900 | €608,786 | €834,356 | +€225,570 | +37.1% |
| Operating profit (loss) | 9901 | €40,409 | €359,032 | +€318,623 | +788.5% |
| Financial income | 75/76B | €2,392 | €751 | -€1,641 | -68.6% |
| Recurring financial income | 75 | €2,392 | €751 | -€1,641 | -68.6% |
| Financial charges | 65/66B | €16,369 | €23,456 | +€7,087 | +43.3% |
| Recurring financial charges | 65 | €16,369 | €23,456 | +€7,087 | +43.3% |
| Profit (loss) for the period before taxes | 9903 | €26,432 | €336,326 | +€309,894 | +1172.4% |
| Income taxes | 67/77 | €7,634 | €70,085 | +€62,451 | +818.0% |
| Profit (loss) for the period | 9904 | €18,798 | €266,241 | +€247,443 | +1316.3% |
| Profit (loss) for the period to be appropriated | 9905 | €18,798 | €266,241 | +€247,443 | +1316.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.