VIP9: 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.
VIP9
Largest movements
- Receivables within one year +€12,256
up €12,256 (+253.5%), from €4,835 to €17,091
of which Trade receivables: +€16,829
- Deferred charges and accrued income -€9,957
down €9,957 (-32.9%), from €30,226 to €20,269
- Tangible fixed assets -€6,600
down €6,600 (-23.4%), from €28,171 to €21,571
- Cash +€4,145
up €4,145 (+34.5%), from €12,008 to €16,153
mainly Other debts (+€23,678) and Deferred charges and accrued income (+€9,957)
- Profit (loss) carried forward -€33,172
down €33,172 (-35.6%), from -€93,178 to -€126,350
- Other debts +€23,678
up €23,678 (+27.2%), from €87,000 to €110,678
- Trade debts +€5,812
up €5,812 (+113.9%), from €5,101 to €10,913
- Tax, wage and social debts +€3,026
new in 2025: €3,026
- Gross operating margin +€57,493
up €57,493 (+80.1%), from -€71,820 to -€14,327
- Other operating charges -€3,895
down €3,895 (-25.1%), from €15,520 to €11,625
- Depreciation +€1,601
up €1,601 (+29.1%), from €5,499 to €7,100
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 | €77,070 | €76,413 | -€656 | -0.9% |
| Formation expenses | 20 | €1,829 | €1,329 | -€500 | -27.3% |
| Fixed assets | 21/28 | €28,171 | €21,571 | -€6,600 | -23.4% |
| Tangible fixed assets | 22/27 | €28,171 | €21,571 | -€6,600 | -23.4% |
| Furniture and vehicles | 24 | €28,171 | €21,571 | -€6,600 | -23.4% |
| Current assets | 29/58 | €47,070 | €53,513 | +€6,443 | +13.7% |
| Amounts receivable within one year | 40/41 | €4,835 | €17,091 | +€12,256 | +253.5% |
| Trade receivables | 40 | €262 | €17,091 | +€16,829 | +6424.1% |
| Other amounts receivable | 41 | €4,573 | - | -€4,573 | |
| Cash at bank and in hand | 54/58 | €12,008 | €16,153 | +€4,145 | +34.5% |
| Deferred charges and accrued income | 490/1 | €30,226 | €20,269 | -€9,957 | -32.9% |
| Total equity and liabilities | 10/49 | €77,070 | €76,413 | -€656 | -0.9% |
| Equity | 10/15 | -€18,178 | -€51,350 | -€33,172 | -182.5% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€93,178 | -€126,350 | -€33,172 | -35.6% |
| Amounts payable | 17/49 | €95,247 | €127,763 | +€32,516 | +34.1% |
| Amounts payable within one year | 42/48 | €95,247 | €127,763 | +€32,516 | +34.1% |
| Trade debts | 44 | €5,101 | €10,913 | +€5,812 | +113.9% |
| Suppliers | 440/4 | €5,101 | €10,913 | +€5,812 | +113.9% |
| Advances received on contracts in progress | 46 | €3,146 | €3,146 | = | 0.0% |
| Taxes, remuneration and social security | 45 | - | €3,026 | +€3,026 | |
| Taxes | 450/3 | - | €3,026 | +€3,026 | |
| Other amounts payable | 47/48 | €87,000 | €110,678 | +€23,678 | +27.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,499 | €7,100 | +€1,601 | +29.1% |
| Other operating charges | 640/8 | €15,520 | €11,625 | -€3,895 | -25.1% |
| Gross operating margin | 9900 | -€71,820 | -€14,327 | +€57,493 | +80.1% |
| Operating profit (loss) | 9901 | -€92,838 | -€33,052 | +€59,786 | +64.4% |
| Financial income | 75/76B | - | €25 | +€25 | |
| Recurring financial income | 75 | - | €25 | +€25 | |
| Financial charges | 65/66B | €339 | €145 | -€194 | -57.2% |
| Recurring financial charges | 65 | €339 | €145 | -€194 | -57.2% |
| Profit (loss) for the period before taxes | 9903 | -€93,178 | -€33,172 | +€60,006 | +64.4% |
| Profit (loss) for the period | 9904 | -€93,178 | -€33,172 | +€60,006 | +64.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€93,178 | -€33,172 | +€60,006 | +64.4% |
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 4 October 2026 via checked.be.