VK 13: 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.
VK 13
Largest movements
- Tangible fixed assets -€131,001
down €131,001 (-4.4%), from €3.0m to €2.8m
- Contributions -€103,340
down €103,340 (-13.8%), from €750,000 to €646,660
- Debts after one year -€98,314
down €98,314 (-3.9%), from €2.6m to €2.5m
of which Financial debts: -€98,314
- Profit (loss) carried forward +€44,581
up €44,581 (+13.0%), from -€342,439 to -€297,857
- Depreciation -€456,589
down €456,589 (-77.7%), from €587,590 to €131,001
- Gross operating margin -€138,064
down €138,064 (-32.3%), from €427,166 to €289,102
- Financial charges -€56,906
down €56,906 (-36.5%), from €155,982 to €99,076
- Other operating charges -€11,544
down €11,544 (-44.3%), from €26,037 to €14,492
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 | €3,107,617 | €2,955,713 | -€151,905 | -4.9% |
| Fixed assets | 21/28 | €2,968,835 | €2,837,835 | -€131,001 | -4.4% |
| Tangible fixed assets | 22/27 | €2,968,835 | €2,837,835 | -€131,001 | -4.4% |
| Land and buildings | 22 | €2,968,835 | €2,837,835 | -€131,001 | -4.4% |
| Current assets | 29/58 | €138,782 | €117,878 | -€20,904 | -15.1% |
| Amounts receivable within one year | 40/41 | - | €20,015 | +€20,015 | |
| Other amounts receivable | 41 | - | €20,015 | +€20,015 | |
| Cash at bank and in hand | 54/58 | €93,341 | €71,511 | -€21,830 | -23.4% |
| Deferred charges and accrued income | 490/1 | €45,441 | €26,352 | -€19,088 | -42.0% |
| Total equity and liabilities | 10/49 | €3,107,617 | €2,955,713 | -€151,905 | -4.9% |
| Equity | 10/15 | €407,561 | €348,803 | -€58,759 | -14.4% |
| Contributions | 10/11 | €750,000 | €646,660 | -€103,340 | -13.8% |
| Profit (loss) carried forward | 14 | -€342,439 | -€297,857 | +€44,581 | +13.0% |
| Amounts payable | 17/49 | €2,700,056 | €2,606,910 | -€93,146 | -3.4% |
| Amounts payable after more than one year | 17 | €2,552,601 | €2,454,287 | -€98,314 | -3.9% |
| Financial debts | 170/4 | €2,545,453 | €2,447,139 | -€98,314 | -3.9% |
| Other amounts payable | 178/9 | €7,148 | €7,148 | = | 0.0% |
| Amounts payable within one year | 42/48 | €129,325 | €143,686 | +€14,361 | +11.1% |
| Current portion of amounts payable after more than one year | 42 | €129,325 | €143,686 | +€14,361 | +11.1% |
| Accrued charges and deferred income | 492/3 | €18,130 | €8,937 | -€9,193 | -50.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €587,590 | €131,001 | -€456,589 | -77.7% |
| Other operating charges | 640/8 | €26,037 | €14,492 | -€11,544 | -44.3% |
| Gross operating margin | 9900 | €427,166 | €289,102 | -€138,064 | -32.3% |
| Operating profit (loss) | 9901 | -€186,460 | €143,609 | +€330,069 | |
| Financial income | 75/76B | €5 | €49 | +€43 | +823.4% |
| Recurring financial income | 75 | €5 | €49 | +€43 | +823.4% |
| Financial charges | 65/66B | €155,982 | €99,076 | -€56,906 | -36.5% |
| Recurring financial charges | 65 | €155,982 | €99,076 | -€56,906 | -36.5% |
| Profit (loss) for the period before taxes | 9903 | -€342,437 | €44,581 | +€387,019 | |
| Income taxes | 67/77 | €2 | €0 | -€2 | -100.0% |
| Profit (loss) for the period | 9904 | -€342,439 | €44,581 | +€387,020 | |
| Profit (loss) for the period to be appropriated | 9905 | -€342,439 | €44,581 | +€387,020 |
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 10 October 2026 via checked.be.