VJO-Xpert: 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.
VJO-Xpert
Largest movements
- Cash +€58,606
up €58,606 (+75.7%), from €77,396 to €136,002
mainly Net result for the year (+€63,285) and Depreciation (+€13,750)
- Tangible fixed assets -€13,750
down €13,750 (-24.1%), from €56,997 to €43,247
of which Furniture and vehicles: -€13,662
- Current investments +€12,040
up €12,040 (+301%), from €4,000 to €16,040
- Receivables within one year +€7,382
up €7,382 (+66.2%), from €11,145 to €18,527
of which Trade receivables: +€7,484
- Reserves +€63,285
up €63,285 (+84.8%), from €74,655 to €137,940
- Debts after one year -€14,419
down €14,419 (-48.9%), from €29,497 to €15,078
- Tax, wage and social debts +€11,976
up €11,976 (+35.6%), from €33,658 to €45,634
- Gross operating margin -€27,480
down €27,480 (-23.1%), from €119,050 to €91,570
- Taxes -€15,593
down €15,593 (-56.9%), from €27,380 to €11,787
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 | €153,230 | €217,557 | +€64,327 | +42.0% |
| Fixed assets | 21/28 | €56,997 | €43,247 | -€13,750 | -24.1% |
| Tangible fixed assets | 22/27 | €56,997 | €43,247 | -€13,750 | -24.1% |
| Plant, machinery and equipment | 23 | €423 | €335 | -€88 | -20.8% |
| Furniture and vehicles | 24 | €56,574 | €42,912 | -€13,662 | -24.1% |
| Current assets | 29/58 | €96,233 | €174,310 | +€78,077 | +81.1% |
| Stocks and contracts in progress | 3 | €1,607 | €1,607 | = | 0.0% |
| Stocks | 30/36 | €1,607 | €1,607 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €11,145 | €18,527 | +€7,382 | +66.2% |
| Trade receivables | 40 | €10,613 | €18,097 | +€7,484 | +70.5% |
| Other amounts receivable | 41 | €531 | €430 | -€102 | -19.1% |
| Current investments | 50/53 | €4,000 | €16,040 | +€12,040 | +301% |
| Cash at bank and in hand | 54/58 | €77,396 | €136,002 | +€58,606 | +75.7% |
| Deferred charges and accrued income | 490/1 | €2,085 | €2,135 | +€50 | +2.4% |
| Total equity and liabilities | 10/49 | €153,230 | €217,557 | +€64,327 | +42.0% |
| Equity | 10/15 | €74,755 | €138,040 | +€63,285 | +84.7% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €74,655 | €137,940 | +€63,285 | +84.8% |
| Distributable reserves | 133 | €74,655 | €137,940 | +€63,285 | +84.8% |
| Amounts payable | 17/49 | €78,476 | €79,518 | +€1,042 | +1.3% |
| Amounts payable after more than one year | 17 | €29,497 | €15,078 | -€14,419 | -48.9% |
| Financial debts | 170/4 | €29,497 | €15,078 | -€14,419 | -48.9% |
| Amounts payable within one year | 42/48 | €48,979 | €62,362 | +€13,384 | +27.3% |
| Current portion of amounts payable after more than one year | 42 | €13,788 | €14,419 | +€631 | +4.6% |
| Trade debts | 44 | €1,533 | €2,310 | +€777 | +50.7% |
| Suppliers | 440/4 | €1,533 | €2,310 | +€777 | +50.7% |
| Taxes, remuneration and social security | 45 | €33,658 | €45,634 | +€11,976 | +35.6% |
| Taxes | 450/3 | €33,658 | €45,634 | +€11,976 | +35.6% |
| Accrued charges and deferred income | 492/3 | - | €2,077 | +€2,077 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,671 | €13,750 | +€79 | +0.6% |
| Other operating charges | 640/8 | €930 | €1,099 | +€169 | +18.1% |
| Gross operating margin | 9900 | €119,050 | €91,570 | -€27,480 | -23.1% |
| Operating profit (loss) | 9901 | €104,448 | €76,722 | -€27,727 | -26.5% |
| Financial income | 75/76B | €124 | €82 | -€42 | -33.9% |
| Recurring financial income | 75 | €124 | €82 | -€42 | -33.9% |
| Financial charges | 65/66B | €2,538 | €1,731 | -€807 | -31.8% |
| Recurring financial charges | 65 | €2,538 | €1,731 | -€807 | -31.8% |
| Profit (loss) for the period before taxes | 9903 | €102,034 | €75,072 | -€26,962 | -26.4% |
| Income taxes | 67/77 | €27,380 | €11,787 | -€15,593 | -56.9% |
| Profit (loss) for the period | 9904 | €74,655 | €63,285 | -€11,369 | -15.2% |
| Profit (loss) for the period to be appropriated | 9905 | €74,655 | €63,285 | -€11,369 | -15.2% |
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 25 October 2026 via checked.be.