VJ Pandit: 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.
VJ Pandit
Largest movements
- Cash +€79,444
up €79,444 (+43.1%), from €184,324 to €263,768
mainly Net result for the year (+€129,718) and Tax, wage and social debts (+€5,628)
- Current investments +€42,753
up €42,753 (+97.7%), from €43,780 to €86,533
- Receivables within one year +€8,502
up €8,502 (+131%), from €6,498 to €15,000
of which Trade receivables: +€15,000
- Reserves +€129,718
up €129,718 (+67.0%), from €193,605 to €323,323
- Other debts -€8,696
down €8,696 (-36.0%), from €24,165 to €15,470
- Tax, wage and social debts +€5,628
up €5,628 (+24.2%), from €23,288 to €28,916
- Gross operating margin +€40,328
up €40,328 (+30.1%), from €133,887 to €174,215
- Taxes +€11,342
up €11,342 (+38.4%), from €29,534 to €40,876
- Financial income +€3,144
up €3,144 (+3,342%), from €94 to €3,238
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 | €243,238 | €372,804 | +€129,566 | +53.3% |
| Fixed assets | 21/28 | €2,076 | €1,361 | -€715 | -34.4% |
| Tangible fixed assets | 22/27 | €2,076 | €1,361 | -€715 | -34.4% |
| Furniture and vehicles | 24 | €2,076 | €1,361 | -€715 | -34.4% |
| Current assets | 29/58 | €241,163 | €371,443 | +€130,281 | +54.0% |
| Amounts receivable within one year | 40/41 | €6,498 | €15,000 | +€8,502 | +131% |
| Trade receivables | 40 | - | €15,000 | +€15,000 | |
| Other amounts receivable | 41 | €6,498 | €0 | -€6,498 | -100% |
| Current investments | 50/53 | €43,780 | €86,533 | +€42,753 | +97.7% |
| Cash at bank and in hand | 54/58 | €184,324 | €263,768 | +€79,444 | +43.1% |
| Deferred charges and accrued income | 490/1 | €6,561 | €6,142 | -€419 | -6.4% |
| Total equity and liabilities | 10/49 | €243,238 | €372,804 | +€129,566 | +53.3% |
| Equity | 10/15 | €194,605 | €324,323 | +€129,718 | +66.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €193,605 | €323,323 | +€129,718 | +67.0% |
| Distributable reserves | 133 | €193,605 | €323,323 | +€129,718 | +67.0% |
| Amounts payable | 17/49 | €48,633 | €48,481 | -€152 | -0.3% |
| Amounts payable within one year | 42/48 | €48,633 | €48,481 | -€152 | -0.3% |
| Financial debts | 43 | €690 | €994 | +€305 | +44.2% |
| Credit institutions | 430/8 | €690 | €994 | +€305 | +44.2% |
| Trade debts | 44 | €490 | €3,101 | +€2,611 | +533% |
| Suppliers | 440/4 | €490 | €3,101 | +€2,611 | +533% |
| Taxes, remuneration and social security | 45 | €23,288 | €28,916 | +€5,628 | +24.2% |
| Taxes | 450/3 | €23,288 | €28,916 | +€5,628 | +24.2% |
| Other amounts payable | 47/48 | €24,165 | €15,470 | -€8,696 | -36.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €480 | €715 | +€235 | +49.1% |
| Other operating charges | 640/8 | €6,013 | €6,043 | +€30 | +0.5% |
| Gross operating margin | 9900 | €133,887 | €174,215 | +€40,328 | +30.1% |
| Operating profit (loss) | 9901 | €127,394 | €167,457 | +€40,063 | +31.4% |
| Financial income | 75/76B | €94 | €3,238 | +€3,144 | +3,342% |
| Recurring financial income | 75 | €94 | €3,238 | +€3,144 | +3,342% |
| Financial charges | 65/66B | €200 | €101 | -€99 | -49.5% |
| Recurring financial charges | 65 | €200 | €101 | -€99 | -49.5% |
| Profit (loss) for the period before taxes | 9903 | €127,288 | €170,594 | +€43,306 | +34.0% |
| Income taxes | 67/77 | €29,534 | €40,876 | +€11,342 | +38.4% |
| Profit (loss) for the period | 9904 | €97,754 | €129,718 | +€31,964 | +32.7% |
| Profit (loss) for the period to be appropriated | 9905 | €97,754 | €129,718 | +€31,964 | +32.7% |
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 23 October 2026 via checked.be.